AUC 3.03% 3.4¢ ausgold limited

Ann: Further high grade gold paves way for Resource upgrade, page-6

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    Sadly I don't think these will fit into the resource update. The six week sample results turnover period means this update won't have all the drilling in that mngt and we would like.
    My forecast is 1.4mozs at 1.22 as a result.
    Maybe due to computerisation of systems, there will be another resource update in as little as two to three months when all the current drilling results come through?
    I would have delayed a resource update two months ago when it became clear sample results were being processed slowly.
    But these are great results and it is onwards and outwards even if it is slower than we would prefer.
 
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