AUC 5.88% 3.6¢ ausgold limited

Ann: Release of Securities from Escrow , page-9

  1. 300 Posts.
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    I'd say the key difference is GEOMETRY (although I can see how Katanning is a little south of Boddington).

    These lodes are discreet, shallow-plunging lenses of mineralisation that are easy to target with close-spaced drilling but quite small in SIZE and therefore mining depth potential is restricted.

    Probably 20m at their widest but tapered at either end, limiting each to <<500 ozs per vertical meter.

    Collectively the five known targets may add up to 1,000-2,000 ozs per vertical metre and yield a small gold mine.

    Boddington and the Superpit are naturally well-endowed with around 125,000 - 150,000 ozs Au-eq per vertical metre.

    Do you appreciate the difference now??
 
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