Commencement of Drilling

RNS Number : 2957B

Aurum Mining PLC

02 April 2013

 



News Release

April 2^nd  2013

AURUM MINING PLC

("Aurum" or "the Company")

Commencement of drilling at Cabeza

Aurum Mining plc (AIM: AUR), the gold and tungsten explorer, is pleased to announce the commencement of drilling at its Cabeza de Caballo ("Cabeza") gold project in Salamanca Province, North West Spain and to provide an update on the Peralonso gold project in the same Province.

Cabeza

A drilling programme will commenced this week to test the depth extent of mineralised structures identified by previous exploration work at the permit area. Previous prospecting, trenching, soil geochemistry and geophysics have all indicated the potential for large, near surface gold bearing structures at Cabeza.  Permits are in place to drill up to 27 holes as part of this campaign.

Concurrently with this drilling, further trenching work will also be undertaken to test for further continuity in the mineralised structures identified by the previous trenching work and to identify additional targets for the drilling programme.

Previous trenching has been very successful in identifying mineralised occurrences and returned several highly prospective intersections including 21m at 3.71g/t, 11m at 1.57 g/t and 4m at 8.17 g/t, and these occurrences will form the initial targets of the current drilling campaign.

Peralonso

Following on from the encouraging recent drilling and prospecting campaigns at Peralonso, a detailed soil geochemistry programme is now underway with the objective of demonstrating continuity between the mineralised structures identified by the recent eleven hole drilling programme and the mineralisation identified by the prospecting work carried out 1.2km ENE of the drilling area.

It is hoped that this phase of work will give further evidence of the potential for a significant near surface gold structure at Peralonso.

Qualified Person

Simon Beardsmore, BSc (hons), ARSM, MIMMM, CEng, Technical Manager of Aurum Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and approved the technical information contained in this announcement.

Contacts:
Aurum Mining plc	www.aurummining.net
Chris Eadie, Chief Executive Officer	[phone]
WH Ireland Limited	Nominated Adviser & Broker
Mike Coe	[phone]
Newgate Threadneedle	Financial PR
Graham Herring / Beth Harris / Richard Gotla	[phone]

Notes to Editors:

Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.

Gold

Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 60% interest in the Pino de Oro project in Zamora Province and a 54% interest in the Peralonso and Cabeza projects in Salamanca Province. 

Tungsten

Aurum's 100% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating the production from the site of high quality tungsten concentrates from mineralisation grading up to 1% WO3.  This historic work will provide key information on where initial exploration targets are located.

 

END

 

 

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