OAU 12.5% 0.9¢ ora gold limited

Ann: Red Bore Starting To Come Together, page-28

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  1. 2,283 Posts.
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    TRBC105 was drilled vertically to test a deep cylindrical feature (“Carrot 2”) identified from the AMT survey as a prominent low resistivity anomaly. It was abandoned at 336m when the drill string became stuck before reaching the top of the AMT anomaly, which was modelled at ~350m. The hole penetrated a volcaniclastic unit including peperitic-textured hyaloclastites to 230m. No geochemical anomalism was encountered to explain the AMT anomaly. The subsequent DHEM survey identified broad end-of-hole anomalism with a distant large conductor apparent, which remains consistent with the original AMT target. Further modelling is still being undertaken to establish a clearer target for subsequent follow-up.

    The above is in the report, have a look where this hole is positioned, and note it was abandoned at 336m, which does not coalate with the posts today that THX have only been drilling to 100m.

    So they have a hole to 336m, with distinct DHEM large target below in between the Gossan and Impaler. Also the report identifies that Impaler appears to have the characteristics of a VMS, not the same as Gossan.

    So why the heavy selling, all looks very promising to me.
 
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