OzAurum Resources (ASX:OZM) found gold mineralization from its reverse circulation drilling program at the Cross Fault gold discovery within the Mulgabbie North Gold Project in Western Australia, according to a Wednesday Australian bourse filing.
The results include 10 meters at 1.8 grams per tonne gold from 127 meters and one meter at 3.91 g/t gold to the end of the hole within 35 meters at 0.79 g/t gold from 103 meters.
The company said planning is in progress for infill and extensional RC drilling, along with a 2,500-meter aircore drill program, subject to weathering depth, to the south to better understand the extensive faulting and outcropping quartz feldspar porphyry identified in recent mapping.
The company's shares rose 3% in recent Wednesday trade.
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