AUZ 12.5% 0.7¢ australian mines limited

Ann: Exploration Update - Doolgunna-Marymia Project, page-34

  1. 15,210 Posts.
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    Yeah pretty much how I'm feeling guys.

    Gutted we found nothing of substance there after such great ground work. Very, very surprising.

    Still holding my lot and got more at
    005. A complete overreaction imo but I can understand.

    If they didn't have little well and a good hit at Dixon there would be no hope but little well is on 15km from Thaduna lease from memory and had 3.3% copper in soil or rocks on surface. And they have every possibility of finding something big at Dixon especially if they can drill down that proposed mineralised shoot and get gold grades from surface.

    With a few weeks of drilling ahead I think we'll pop back up. .007 is probably are reasonable price to be at once the ones who want out leave.

    Yes just a longer term proposition now but at least with $1m to spend we can do a fair amount of drilling in the near future.

    Hopefully they update the market a little better in the future.
 
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