Fourth Wide Gold Hit Shows Potential for Piccadilly Deposit 

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Aurumin (ASX: AUU) has announced a fourth wide gold hit from resource extension drilling at its 100% owned Piccadilly Project in the Westralian province of Western Australia.

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The best intercept from the program was 9 metres at 5.47 grams per tonne (g/t) gold from 134m, including 2m at 16.13g/t gold from 136m.

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Other notable intercepts included 7m at 1.85g/t gold from 153m and 4m at 3.03g/t gold from 128m.

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The company said the results continue to extend the mineralisation of the Piccadilly deposit down plunge to the south.

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“We are pleased with these latest results as they continue to demonstrate the potential for the Piccadilly deposit to host a substantial gold resource.

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“The fact that we are still making wide gold hits some 200m below the current resource shows the potential for the deposit to grow at depth.

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“We look forward to continuing to extend the Piccadilly deposit with further drilling in the coming months.”

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The company is currently undertaking a pre-feasibility study on the Piccadilly Project, which is expected to be completed in the first quarter of 2020.

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Image Credit: Google 

Piccadilly is located approximately 120 kilometres north-east of Kalgoorlie and 50km south-west of Menzies in Western Australia.

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A stronger dollar makes gold more expensive for holders of other currencies.

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