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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.083 -0.015 (-15.31%)+
Announcement
Release
28 Apr 2026 9:25AM
Price at Release
$0.098
Full Release
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Summary
OzAurum Resources Limited (ASX: OZM) has announced significant high-grade, shallow gold results from their Mulgabbie North Paleochannel Project. The first batch of reverse circulation (RC) drilling revealed promising gold mineralization, with standout intercepts including 6 meters at 4.46 g/t Au and 1 meter at 17.34 g/t Au. The drilling, which covered 3,010 meters across 84 holes, is part of an 18,000-meter program aimed at delineating gold continuity along an over 4-kilometer paleochannel trend. These results suggest a substantial potential to increase the existing mineral resource of approximately 260,000 ounces and offer optimistic development prospects, given the favorable geometry and shallow depth of the deposits. The Mulgabbie North gold deposit is considered an Archaean mesothermal gold deposit located in the Eastern Goldfields of Western Australia.
Key Points
  • High-grade gold results at Mulgabbie North Paleochannel.
  • First batch of 84 RC drill holes over 3,010m completed.
  • Significant gold intercepts, including 6m at 4.46 g/t Au.
  • Potential to increase the existing 260,000 oz mineral resource.
  • Favorable geometry and shallow depth of mineralization.
  • Part of an 18,000-meter ongoing drilling program.
  • Located in Eastern Goldfields of Western Australia.
  • Opportunity for resource growth and development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.