AUCU
2016 drilling program expected to define:
- An exploration target (1) of approximately:
- 1,000,000 to 1,200,000 ounces of gold at average grades of 20-25 g/t gold
- From 1-2 million tonnes of ore
- Capable of supporting a mining operation
- With low operating costs (sub $USD 500 per ounce)
- High cash margins and exceptional IRR, short payback
Ann: Aucu Gold Exploration Commences, Targets 45 g/t Gold Zone-WCN.AX, page-8
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