Aurum Resources (AUE.AX) has announced it has retained MACA and ALS to complete metallurgical studies on its flagship Boundiali gold project in Ivory Coast which should take the met information from scoping study level to pre-feasibility level. The results of this test program will subsequently be used by the company to complete a scoping study and ultimately a pre-feasibility study on Boundiali.
Meanwhile, the drill program at Boundiali is ongoing. The company expects to complete 45,000 meters of diamond drilling by the end of this year, and drilling is expected to be quite cheap as the company owns five diamond drill rigs. In essence, Aurum Resources is using Tietto Minerals as its blueprint as that’s exactly how this management team was able to find, expand and build the Abujar gold mine in the same country.
The extensive drill program should result in a maiden resource estimate by the end of this year.
Disclosure: The author has no position in Aurum Resources. Please read the disclaimer.
