en.Wedoany.com Reported - Aureka has announced a 26% increase in global estimated resources at its gold project in Victoria, Australia, rising from 361,000 ounces to approximately 455,000 ounces of gold. Since starting with a resource base of 304,000 ounces in January 2025, the company's Joint Ore Reserves Committee (JORC) resources have surged by 50%.

The resource growth is attributed to Aureka's successful drilling and revisions at its flagship Irvine gold project in the Stawell Corridor, western Victoria. The 100% inferred JORC-compliant resource at the Irvine project increased by 30%, from 304,000 ounces to 398,000 ounces of gold, with the inferred gold grade rising from 2.43 grams per tonne to 2.59 grams per tonne, and total tonnage increasing by 23%.

The Resolution vein resource has been upgraded to 4.11 million tonnes at a gold grade of 2.71 grams per tonne, containing 358,000 ounces of inferred gold, a 36% increase in inferred gold ounces. This vein includes both open-pit and underground mineralization, with the underground portion increasing by 61% compared to previous estimates. The entire Irvine resource now stands at 4.79 million tonnes at a gold grade of 2.59 grams per tonne, containing 398,300 ounces of gold. The Comstock gold-silver project at St Arnaud has further contributed 56,500 ounces, bringing Aureka's global resource base to 455,000 ounces.

Managing Director James Gurry stated that since commencing drilling in January, the company has achieved JORC resource growth by drilling less than 5,000 meters across eight diamond drill holes at Irvine. Gurry said, "Such significant growth is attributed to the high-grade intercepts and visible gold in this highly prospective area, as well as our team's successful target positioning technology." He also noted that grade is a key focus going forward, not only in the Stawell Corridor but also in infill drilling at the Comstock gold-silver project outside St Arnaud, which, if successful, could elevate some resources above inferred status for the first time.

Aureka has also defined the latest exploration targets for Irvine, including advanced exploration targets (85,000 to 197,000 ounces) and conceptual exploration targets (151,000 to 348,000 ounces of gold). With two diamond drill rigs currently operating, drilling at Irvine continues to test areas beyond the newly defined resource, while infill drilling at Comstock supports a potential near-term production pathway.

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