OzAurum Resources Tells JustStocks Video New Gold Discovery Is Hosted in Favourable Sandstone Units

OzAurum Resources Ltd (ASX:OZM) CEO Andrew Pumphrey caught up with JustStocks Video after announcing an update on the company's new gold discovery at the Mulgabbie North Gold Project.
Summary Of Video Interview
High-Grade Gold Discovery at Mulgabbie North: Visible gold recovered from the recently drilled aircore (AC) intersection that assayed 4m @ 14.17 g/t from 16m (MNOAC 705*).
Rapid Follow-Up Drilling: RC drilling rig expected to arrive onsite late next week to expand on this exciting new discovery
Significant Quartz Veining: Up to 50% quartz observed in multiple high-grade intervals, a hallmark of significant gold systems.
Host Rock Confirmed: High-grade gold mineralisation hosted in favourable sandstone units within the Cross Fault area, similar to other major gold deposits in the Carosue Dam Basin.
Pending Assays: One metre samples in the laboratory with results expected in the next week.
Mulgabbie North -AC Drilling Cross Fault Target
Following the one metre resampling at the Cross Fault Area, some initial observations from AC drill chips with higher gold grades include:
Sandstone appears to be the dominant host
Extensive quartz veining up to 50% as seen in MNOAC 705 which assayed - 4m @ 14.17 g/t Au from 16m
Sandstones are a brittle host rock and are the hallmark of large gold deposits currently being mined in the Carosue Dam basin, which sites approximately 2km from Mulgabbie North.
The Mulgabbie North project areas including: James, Ben and Alicia are dominantly conglomerate-hosted gold deposits and are extensively foliated as this is a function of those rocks behaving in a ductile fashion.