Herein lies the barrenness of the region, and the opportunity. 3m @ 0.4g/t is the best you've got Mr Rodan? 5 years of soils (4200) and 155 rock chips.
What did the soils get you? The VAST majority of the area is returning <1ppb Au. Great to see the area renewed for another year to keep ahold of all this moose pasture. The West Terrace gold target hangs off one line of soils, suggesting some form of sampling error. Saint Patricks has a clusted of rock chips which looks interesting, but it's 200m long. Putting your best hat on, you can't see a company maker there, just a small mine if everything goes right.
Their argument that anomalies sit along structures leading from major gold mines. Yeeees, that's kind of what you expect. The problem is, you need something and somewhere for the gold to come stick into (iron rich rocks) before that waft og gold-bearing fluid turns into a gold mine. 2,000 square klicks of boring ass granite isn't the place this happens.
Remember, AUG has sunk $86K into this already, in rents. This was on a deal written the day before the major tenements renewed for their 5th year. The company has to stump up $500K p.a. in exploration to keep these duds afloat.
Anyway, I'm sure it will do well today.
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