AURUM MINING PLC Drilling update for Aurum’s Spanish gold joint venture

AURUM MINING PLC Drilling update for Aurum’s Spanish gold joint venture

Aurum Mining plc is pleased to update the market on the ongoing drilling campaign on the "El Facho" structure of its Zamora gold project through its Spanish joint venture with Ormonde Mining plc. Previous drilling on the structure has already intersected gold of mineable grades and widths.

The currently proposed nine hole drilling programme is focused on testing and expanding the structure at El Facho over a strike length of 600 metres. It is hoped the results of the programme will provide further strong evidence of a significant gold structure at the El Facho prospect.

By way of background, of the nine holes drilled by Ormonde at El Facho prior to the current drilling programme, eight encountered gold mineralisation grading in excess of 1 g/t across multiple intersections and one of the most recent holes drilled by the joint venture had an interval of 12 metres grading 3.4 grammes per tonne ("g/t") gold within an overall interval of 30 metres grading 1.6g/t gold.

At the present time, two drill rigs are on site and drilling is now taking place on the fifth and sixth holes of the nine hole programme. The current drilling campaign has completed over one thousand metres of core drilling across the four completed holes and the two holes currently in progress. Core samples from the first two holes have been forwarded for assay and results are expected soon.

In addition to the work at El Facho, following receipt of the necessary permits, the joint venture will also shortly commence drilling at the highly prospective Peralonso permit area in Salamanca Province where previous trenching returned some interesting results including an interval of 5 metres grading 5.4g/t gold. It is currently proposed that a three hole drill programme will commence at Peralonso once the drilling at El Facho is completed.

Aurum is now progressing quickly towards spending €500,000 over the initial eighteen months of the joint venture to earn its majority interest in the permits that are the subject of the agreement with Ormonde. It is anticipated that Aurum's expenditure on the joint venture will be approximately €450,000 by the end of March 2012 and it is expected that Aurum will have earned its majority stake shortly thereafter.

Sean Finlay, Aurum's Chairman, said: "The ongoing drilling at El Facho is progressing well and I look forward to providing updates on progress from this programme, and from the initial drilling on the highly prospective Peralonso permit area, in due course."

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