Aurum Mining: Gold mineralisation found at multiple intersections at Peralonso Permit

AIM-listed Aurum Mining, the Spanish-focussed gold and tungsten explorer, has unveiled positive assay results from its second stage drilling programme at the Peralonso Permit in Salamanca Province.

AIM-listed Aurum Mining, the Spanish-focussed gold and tungsten explorer, has unveiled positive assay results from its second stage drilling programme at the Peralonso Permit in Salamanca Province.

Of the 11 holes drilled at Peralonso to date over 1,267 metres, the company reported that 10 have encountered gold mineralisation in excess of 1 gram per tonne over multiple intersections.

Assay results indicate the existence of multiple near surface gold bearing structures within the area of an extensive gold-in-soil geochemical anomaly.

Sean Finlay, Chairman or Aurum, said: "We are very encouraged by these results from Peralonso. Of the 11 holes drilled on the permit area to date, 10 have encountered gold mineralisation in excess of 1 gram per tonne over multiple intersections.

These, combined with other exploration work carried out at the permit area, verify our belief that Peralonso and the surrounding area has the potential to host sizeable, near surface gold bearing structures. Follow up work is now being undertaken to enable us to better understand the scale and extent of the opportunity."

Aurum's share price was unchanged at 3.00p at 11:04.

MF

Recommended

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework
Investment strategy

The MoneyWeek Podcast: picking stocks is fun, but you need to do your homework

John Stepek talks to Steve Clapham, investor, analyst and author of The Smart Money Method, about the dangers in picking individual stocks and why you…
8 Apr 2021
BP looks set to return more money to shareholders as it beats expectations
Energy stocks

BP looks set to return more money to shareholders as it beats expectations

Oil major BP is to embark on a share buyback programme after significantly reducing its debts. Saloni Sardana looks at what it means for your portfoli…
6 Apr 2021
Deliveroo has hit the market – but it’s not getting the warmest welcome
UK stockmarkets

Deliveroo has hit the market – but it’s not getting the warmest welcome

Food delivery company Deliveroo made its debut on the stockmarket this morning. But with the share price sliding by 30% straight away, it’s not made t…
31 Mar 2021
Three stocks to buy now that will come back stronger after Covid-19
Share tips

Three stocks to buy now that will come back stronger after Covid-19

Professional investor Ed Wielechowski of Odyssean Capital, chooses three compelling stocks that should thrive in a post-pandemic world.
29 Mar 2021

Most Popular

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
China owns a lot more gold than it’s letting on – and here’s why
Gold

China owns a lot more gold than it’s letting on – and here’s why

In a world awash with money-printing, a currency backed by gold would have great credibility. And China – with designs on the yuan becoming the world’…
21 Apr 2021
Why investment advice could be about to get a lot cheaper
Investment strategy

Why investment advice could be about to get a lot cheaper

Vanguard, the world’s second-biggest asset manager, is launching its own cut-price financial advice service. It’s something the industry badly needs, …
20 Apr 2021