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Aurumin Ltd. ( (AU:AUN) ) just unveiled an announcement.
Aurumin Ltd. has commenced a multi-rig drilling program at its Central Sandstone Project to enhance mineral resource growth and improve resource classification. This initiative aims to align with Brightstar Resources’ Pre-Feasibility Study, facilitating the project’s advancement towards production. The drilling program, which includes both RC and diamond drilling, targets key deposits such as Shillington, Two Mile Hill, McIntyre, and Old Town Well, to collect crucial geological data and potentially increase gold resources. This development is part of a broader strategy following a proposed acquisition by Brightstar Resources, positioning Aurumin for regional gold consolidation.
More about Aurumin Ltd.
Aurumin Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in advancing its projects, particularly the Central Sandstone Project, which includes mining licenses, a processing plant, and related facilities.
Average Trading Volume: 1,488,603
Technical Sentiment Signal: Buy
See more insights into AUN stock on TipRanks’ Stock Analysis page.