Aurum Resources (ASX: AUE) non-executive director Mark Strizek joins Small Caps to discuss the company’s early drilling success at the Boundiali gold project in Côte d'Ivoire, West Africa.

Aurum wrapped up the acquisition of Boundiali’s former owner and Côte d’Ivoire mining specialist PlusOr Global in mid-December.

Included in that acquisition was two drilling rigs and a considerable amount of support equipment .

Aurum has been utilising the rigs with great success, hitting a number of shallow, high-grade gold intersections in its ongoing diamond drilling program.

The company has now purchased a third diamond drill rig to add to its fleet, which will increase drilling capacity from 2,600m per month to ~4,000m per month from late April 2024.

Aurum has a strong cash balance of $3.9 million as of 29 February 2024, with a further $3.3 million expected following shareholder approval from the recent $7 million capital raising, allowing Aurum to accelerate Boundiali resource definition in 2024.

Articles:
https://smallcaps.com.au/aurum-resources-makes-bonanza-gold-hit-drilling-boundiali-project/
https://smallcaps.com.au/aurum-resources-expands-exploration-high-grade-gold-finds-boundiali/
https://smallcaps.com.au/aurum-resources-maiden-resource-boundiali-third-diamond-drill-rig-purchase/

For more information on Aurum Resources:
https://smallcaps.com.au/stocks/asx-aue/