AOA 0.00% 0.3¢ ausmon resources limited

RIP? where did that come from? Very disappointing results,...

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  1. 970 Posts.
    RIP? where did that come from?
    Very disappointing results, basically nothing there!
    Looks like Pooraka is cactus given the release last paragraph.

    (The absence of significant mineralisation and presence of only weak geochemical anomalism over the 7 sampled intervals, implies that the TDEM features, which both holes targeted, is not caused by sulphide mineralisation as originally thought. Instead, preliminary interpretation of these results, coupled with field observations during drilling, suggest that the targeted TDEM anomalies are manifestations of highly conductive, strongly saline clay-rich zones, which can sometimes mimic TDEM anomalies otherwise arising from low grade Pb-Zn sulphide mineralisation.

    If confirmed, these results will have implications on the prospectivity of other TDEM anomalies identified within the ELs and further review may be necessary prior to embarking upon future deep drilling programs)
 
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