AUR.L Share News (AUR)

AIM-listed Aurum Mining, the Spanish-focussed gold and tungsten explorer, has unveiled positive assay results from its second stage drilling programme at the Peralonso Permit in Salamanca Province.Of the 11 holes drilled at Peralonso to date over 1,267 metres, the company reported that 10 have encountered gold mineralisation in excess of 1 gram per tonne over multiple intersections.Assay results indicate the existence of multiple near surface gold bearing structures within the area of an extensive gold-in-soil geochemical anomaly. Sean Finlay, Chairman or Aurum, said: "We are very encouraged by these results from Peralonso. Of the 11 holes drilled on the permit area to date, 10 have encountered gold mineralisation in excess of 1 gram per tonne over multiple intersections. These, combined with other exploration work carried out at the permit area, verify our belief that Peralonso and the surrounding area has the potential to host sizeable, near surface gold bearing structures. Follow up work is now being undertaken to enable us to better understand the scale and extent of the opportunity."Aurum's share price was unchanged at 3.00p at 11:04.MF