News Articles for Aurum Resources

Aurum Resources has finished a maiden 18-hole drill program at its prospective Penny South gold project. The company is chasing targets with distinct similarities to its neighbours, the well-endowed Penny West historical mine and the ever-expanding Ramelius Resources' owned Penny North deposit. Despite some drilling delays Aurum hit numerous prospective shear zones with sulphides and quartz veining that it plans to send for priority assay.

Middle Island has locked onto copper mineralisation at its Barkly copper-gold project in the Northern Territory. In a purposeful pursuit of iron-oxide copper gold style mineralisation, the company will shed its gold assets and launch into further exploration of the prospective Tennant Creek region. The impending sale of the $14m market capped company's Sandstone gold project for $12m in cash and shares presents an eye-catching valuation on Middle Island's remaining Tennant Creek operations.

Aurum Resources has hit sulphides in all drillholes bar one as part of a maiden drilling campaign at its Penny South gold project. The activity is targeting structural anomalies along strike from the high-grade Ramelius owned Penny North deposit and the historical high-grade Penny West mine. The company is currently halfway through an 18 hole program for a total of 5,000 metres.

Aurum Resources has intersected sulphides and quartz veining in recent drilling at its Penny South project targeting structural anomalies that bear similarities to the nearby high-grade Ramelius Resources owned Penny North deposit and the historical high-grade Penny West mine. Aurum is currently 5 holes into an 18 hole RC drill program for a total of 5,000 metres that is following up previous gold hits and new geophysical anomalies.

Aurum Resources has launched a 5,000 metre drilling assault at its Penny South project in WA targeting structural anomalies that bear similarities to the nearby, high grade Ramelius Resources' owned Penny West and Penny North gold projects. The Penny West deposit produced 154,000 tonnes at 18.0 grams per tonne for 89,000 ounces gold in the 1990's and Aurum plans to sink 18 holes into its project attempting to home in on the most prospective areas of the tenure following up earlier work.

Aurum Resources is getting set for a gold drilling blitz on two fronts in WA early in the new year. The explorer has slated up to 6000m of RC drilling at its Penny South project that sits adjacent to Ramelius Resources' Penny North deposit where 306,800 ounces grading a remarkable 16.8 g/t gold have been defined. It also plans to drill-test its Ryan's Find project north-east of Southern Cross.

The spinout of Aldoro Resources' gold assets has listed on the stock exchange, closing up 12.5 per cent on its offer price.

Aurum Resources is set to hit the boards at the ASX after an oversubscribed initial public offering of nickel-copper explorer Aldoro Resources' gold assets. Aurum has raised $5 million to fast track the development of its underexplored gold projects in WA's East Murchison region. Aurum will prioritise its Penny South gold project that already has some cracking drill results that were inexplicably never followed up.

Larvotto Resources is among a long list of gold explorers seeking to trade on the ASX, this month announcing plans to raise up to $10 million through its IPO.