OzAurum Resources Completes first diamond hole at Demag Zone
- OzAurum Resources (OZM) completes the first drill hole at its newly discovered Demag Zone within its Mulgabbie North project in Western Australia
- The company says the drill hole intersected arsenopyrite and pyrite mineralisation with zones of silica flooding, though lab assays are still pending
- This is very similar mineralisation to two adjacent reverse circulation drill holes, one of which uncovered 4.78 grams of gold per tonne
- The company has begun drilling the second diamond hole, and follow-up reverse circulation drilling of the zone is scheduled to begin in three weeks
- OzAurum shares jumped 24.1 per cent, trading at 18 cents
