A Gold Mining Story with Aurumin Limited (ASX:AUN)

✦ How has the Sandstone project been developing? Brad Valiukas, Managing Director of Aurumin Limited (ASX:AUN) brings updates.

Earlier this year, Mr. Valiukas had been sharing news about the company's strategies. At that time, the company had just acquired the project and their strategy was to increase drilling to build a better database. Since then, Aurumin has made good progress. They have four drilling programs with extensive intersections of gold mineralisation.

Listen to their previous conversations here:

Developing a Gold Mine with Aurumin Limited (ASX: AUN)

Drilling results:

  • 11/07/2022 - 344.00m @ 1.29 g/t Au

  • 11/08/2022 - 224.00m @ 1.50 g/t Au

  • 05/09/2022 - 352.80m @ 1.50 g/t Au

  • 12/09/2022 - 242.70m @ 1.20 g/t Au

Noel's analysis of the results are as follows:

"Looking at these drill holes, I see some hidden points about the grades which will be carried in the upcoming resource model. The entire length may appear to only have a slightly higher grade than the resource, but there are much better numbers within the intersection. To have an average of 1.5 g/t Au, you will definitely see much greater numbers within the length of the hole."

For Noel, the positive potential of Sandstone is a matter of when and not if. The geology will create opportunities and the recent drilling results are optimistic. The potential higher grades within the holes also allows the flexibility of changing the style of mining.

What is in Aurumin's favour is also the potential lack of motivation of neighbouring deposits to go to mining. The company could consolidate their inventory and that would work perfectly for the model.

Listen to Brad Valiukas here:


00:00 Start

00:20 Introduction

01:08 Updates from Brad.

01:40 Discussion about the data points.

03:44 Discussion about the intercepts.

06:10 Potential and mineralization in Two Mile Hill.

07:44 What was the motivation in chasing the tenement?

09:46 The Sandstone Province.

11:59 What do we need to know about the new package?

13:02 Johnson Range.

14:09 What is happening in Southern Cross?

14:57 The market going forward.

15:39 News flow.

16:37 Why Aurumin?