AUC 2.74% 37.5¢ ausgold limited

Updated JORC, page-4

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    Jinkas North conceptual target is 40 million tonnes by volume, measured over 1750m (strike) x 60m (width/depth of mineralization reported in first drill hole) x 150m (assumed width). Assume that 50% of volume hosts 1.25 g/t au = 833,300 gold ounces conceptual target. Jinkas North target covers approximately 1/8th of 7,500m mineralized trend. This is twice the mineralized thickness that is guesstimated at Jinkas South. AUC is reporting that mineralized zones get thicker as they go deeper, adding validity to overall guesstimate of total 3-5 million ounce potential.

    IF we add our conceptual guesstimate for Jinkas North of 830,300 ounces to prior guesstimate of +2,000,000 ounces we are approaching / exceeding 3,000,000 total ounces across 7,500m mineralized trend (with multiple undrilled targets). Please do your own research, these are speculative guesstimates intended to provide a ball park figure for upside potential. Good luck to all longs.
 
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