St Arnaud Maiden JORC MRE and Exploration Target
Released 25 May 25
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Announcement summary
St Arnaud Maiden JORC MRE and Exploration Target
Aureka Limited is excited to share that our historic 120 drill holes at the Comstock pit in St Arnaud have yielded a Maiden Inferred JORC Resource, increasing our global JORC Resources by 19% to over 360koz. The St Arnaud Comstock Mineral Resource Estimate is 1.45Mt at 1.2g/t Au for 56,500 oz gold within the historically mined open pit, with an Exploration Target around the Resource for an additional 112,000 oz to 116,000 oz gold.
There is strong potential for gold mineralization to extend at depth and along strike at Comstock, which we are currently drilling to test. The site's location within a fenced off public reserve could expedite permitting, and there are processing mills within trucking distance. Aureka's ongoing diamond drilling may contribute to expanding this maiden inventory figure later in the year. We invite investors to ask us any questions they may have about this exciting development.
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