What budget would you need to drill the multitude of prospects or do you just drill random holes looking for an under cover elephant? That's the problem, some drilling has been done. MCO drilled at All Nations and others I've forgotten. The mob MCO pinched the Waverley(?) Dyke off drilled.
Have you any idea how difficult it is to drill there. I walked down to the All Nations drill pad with UFX. The road would have cost a fair bit just to stick a hole or 2 under a small open pit. The adit was up a sheer climb, how on earth they got up there is beyond me. So it wasn't investigated. The old mine with the richest surface gold was El Dorado, 15 oz/t,that's a priority for me except I've heard access would be so expensive just to punt on a few costly holes.
So drilling vert but where, who would put up the cash unless you had clear guidance indicating a good possibility of success and who could give such advice?
Needle in a haystack stuff and needs someone with DEEP pockets.
AUL Price at posting:
24.5¢ Sentiment: None Disclosure: Held
