AUC 6.86% 54.5¢ ausgold limited

Ann: New RC Drilling at KGP expands resource potential, page-18

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,582 Posts.
    lightbulb Created with Sketch. 1830
    Hi Mate, for a bulk tonnage open bit deposit, yes those depths are fairly shallow. You can Benchmark it against the CMM lodes. Unless it's an intrusion or IRG style deposit, it's unrealistic to expect much better strip ratio for an open pit deposit.

    https://hotcopper.com.au/data/attachments/2545/2545448-6151c2ca84cfae3bbe13a0497dd2b1cf.jpg

    Additionally, You need to delve abit deeper into the fundamentals of the Jinkas South Lode, don't just read head line numbers. The Jinkas south lode commences and is mineralized from surface and down dips. Refer to previous announcements sections below for further insights into this portion of the deposit.

    https://hotcopper.com.au/data/attachments/2545/2545467-889031c8e19ce8ce12433a42e06ae3a1.jpg


    https://hotcopper.com.au/data/attachments/2545/2545454-f9ea205c94cceb62359833c8720a9f62.jpg
    https://hotcopper.com.au/data/attachments/2545/2545459-1092a64d71d6895e03f2b9a3d3519227.jpg




 
watchlist Created with Sketch. Add AUC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.