Key Points
- Boundiali gold strike lifts investor sentiment in West Africa.
- Aurum reports 152.35 g/t from a 96-meter depth.
- Exploration success strengthens Boundiali gold potential.
Aurum Resources Ltd. has made a great discovery at its Boundiali gold project in Côte d’Ivoire, where it found 1 metre of gold at 152.35 grammes per tonne from 96 meters deep. The find from drillhole MBDD260 at the BMT3 deposit shows that there is still a lot of potential in that area.
The result is part of Aurum’s diamond-drilling program, which will add 100,000 meters of new holes. The company says that this hit supports further resource expansion before its scheduled pre-feasibility study, as the Boundiali resource has already been upgraded to 2.41 million ounces.
The Boundiali gold intercept confirms that there are high-grade shoots
According to a report by Mining review, Dr. Caigen Wang, the Managing Director, called the result “exceptional” and said it supports the model for high-grade shoots in the BMT3 corridor. He mentioned earlier intercepts, like 1.43 meters at 234.35 g/t from 107 meters in the same area. Aurum has added four more rigs to its fleet of eight to speed up drilling on the project.
Analysts say that tenors like this are rare outside of well-established gold belts. The market liked it—Aurum’s stock price went up after the news came out. Some analysts thought that mid-tier producers might want to work with or be interested in the Boundiali project if this trend continues.
Expanded program supports Boundiali’s gold potential
Boundiali is in the rich Birimian greenstone belt in northern Côte d’Ivoire, close to where Barrick and Endeavour Mining are currently working. Aurum owns several adjacent tenements that cover more than 1,000 square kilometres. The company says that mineralisation is still open at depth and along strike, and that more drilling may show continuities that make it possible to upgrade to measured and indicated status.
The company plans to release a new JORC resource update and start a pre-feasibility study by the beginning of 2026. It also has a healthy balance sheet, with about $40 million in cash reserves to help it follow its development plan.
Next steps depend on showing consistency
Aurum’s field geologists and outside consultants are on site doing core logging, structural interpretations and metallurgical sampling. We expect to get the next assays from both step-out and infill holes across the BDT2, BMT1, and BD targets by the end of the year.
The Boundiali project could become a key development asset in West Africa if Aurum can find more high-grade intercepts like the ones it has already found. But the most important test is to show that the bonanza hits are consistent across width and depth, so that they don’t turn into one-time events.
For now, investors and people who follow the industry will be keeping a close eye on the Boundiali gold discovery story to see if it keeps getting bigger.
