OzAurum Resources kicks of diamond drilling at Boca Rica Lithium Project in Brazil [Video]

OzAurum Resources Ltd (ASX:OZM) has commenced drilling at the Boca Rica Lithium Project in Brazil, using its own drilling rig which has been updated to meet Australian standards.

CEO and managing director Andrew Pumphrey tells Proactive’s Stephen he has been in Brazil for the past few weeks preparing the site. The company has achieved significant milestones in enhancing site access and positioning the drilling rig on a steep hill.

The drilling program is set to explore below a weathered zone, aiming to reach fresh rock at approximately 80 metres depth, targeting a spodumene crystal formation previously discovered in an underground adit. This zone is anticipated to yield more extensive geological data and potential significant lithium deposits.

OzAurum is financially prepared for this phase, with cash of A$1.4 million and benefiting from lower operational costs due to owning its drilling equipment. Pumphrey said this cost-efficiency allows flexibility in its ongoing diamond drilling programme.

The results …