Wardley Report - WOW, page-42

Chaco Ausmex have so many great prospects and limited funds to drill them all.as the have said “ we will get into production and then drill the sheet out of everything from cash flow” I suggest you go to K i t c o g o l d. Com and read. There is an article on Ausmex 2nd September 2019. CSIRO describe the Canteen “as one of the largest Magnetic Anomalies in the Mt Isa Inlier and indeed Australia “. In case you didn’t know there was also a drilling campaign on it in 1988 and a resource estimation by Wardley Australia. The Canteen is owned by Ausmex and is a mining lease. It is situated only a few hundred metres along strike from Little Duke. The drilling by Newcrest was to see if it dipped under their ground to the South. Drilling showed it did not. It appears that the anomaly is within Ausmex’s Canteen, Evening Star and Evenjng Star and Mt a Freda Mining leases. Ausmex hit the jackpot at Little Duke with high grade Cu and Au over 160m. Newcrest missed it and Ausmex hit it. Maybe you should put that theory to yours. If the anomaly is not dipping to the Siuth ( as proved by Newcrest) then it must be dipping to the North as drilled at Little Duke drilled to the South intersecting 160m of it. Now tell us a theory on 2020diamond core rig smears. Ausmex is sitting in a monster but didn’t gave the money to follow up. Decided do it with cash flow.