AUC 1.54% 33.0¢ ausgold limited

15 RC holes from the 3200m June campaign are still outstanding....

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    • 15 RC holes from the 3200m June campaign are still outstanding. In the Noosa mining conference 15/07 Matt said some assays would be released in a couple of weeks or so. These are due any day.
    • 6 RC holes for 800m programme at Burong (EIS partially funded). Followed by AC drilling along eastern extension of Burong - Datatine trend. This was expected to be completed by the end of June. Assays should be due.
    • A 10 hole RC and Diamond Drill campaign for 2200m at Jinkas North (EIS round 21 partially funded) is meant to of begun in July.
    • Mapping and rock chip sampling was underway in early July for both Gold and PGMs.

    And announced after the capital raise;
    • Large RC and Diamond Drill programme planned for Central Zones
    • AC and Auger regional exploration planned

    With other activities;
    • Resource upgrade Q4
    • Environmental studies late Q3 / Q4
    • Pit optimisation Q4
    • Metallurgical studies late Q3 / Q4

    So, there is a lot of activity simultaneously underway, plenty of news due now, a nice whack of cash in the bank and drills fully funded to test the DHEM plates they continue to locate. Share Price surely to keep creeping up with newsflow.

    All this for a low EV / Oz of $40.80/Oz. Which hasn't been updated to include any of the numerous drilling campaigns since October 2019
 
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