Aurum Resources Limited's report on Boundiali Gold Project

Aurum Resources Limited (ASX: $AUE) has announced high-grade gold intercepts and increased drilling capacity at its Boundiali Gold Project in Côte d'Ivoire, West Africa. The company completed scout diamond drilling on five targets within two tenements, with ongoing drilling and strong newsflow expected as results are received. The company recently purchased a third diamond drill rig to increase drilling capacity from 2,600m per month to approximately 4,000m per month from late April 2024. Aurum has a strong cash balance of $3.9M as of 29 Feb 2024, with a further $3.3M expected following shareholder approval from the recent $7.0m capital raising, allowing Aurum to accelerate the Boundiali resource definition.

Executive Commentary on Boundiali Gold Project

We are very pleased to report high-grade gold intercepts including 4m @ 22.35 g/t Au from 226m in DSDD0004, as well as multiple intersections of shallow and wide gold mineralisation from our inaugural scout drilling campaign in the two exploration tenements comprising the Boundiali Gold Project. While drilling is continuing and more assay results are pending, we are confident our aggressive diamond drilling program will firm up more targets for subsequent gold resource definition drilling through CY2024.

Summary of Aurum Resources' Boundiali Gold Project

Aurum Resources Limited (ASX: $AUE) has reported high-grade gold intercepts from ongoing diamond drilling at the Boundiali Gold Project. The company's recent purchase of a third diamond drill rig is expected to increase drilling capacity, allowing for accelerated exploration. The project is located within the same greenstone belt as several large gold mines, and multiple gold targets remain to be tested. The company plans to drill more holes along strike and further test the depth limits of the gold system. With a strong cash balance and expected additional funds from a recent capital raising, Aurum is well financed to accelerate its exploration at Boundiali.