Aurum Resources Says Ivory Coast Project Mineral Resource Estimate Rises 34%; Shares Up 3%
MT Newswires Live
Apr 10
Aurum Resources (ASX:AUE) said the total mineral resource estimate (MRE) for its Napie project in the Ivory Coast rose 34% to 1.2 million ounces of gold at 1.2 grams per tonne (g/t) grade of gold, bringing the company's group resource base to 4.2 million ounces of gold, according to a Friday filing with the Australian bourse.
The Napie project's previous MRE stood at 868,000 ounces of gold at a grade of 1.2 g/t, an earlier filing showed.
Further resource growth potential is expected from the ongoing Boundiali and Napie diamond drilling programs, per the filing.
Shares rose 3% in morning trade Friday.
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