I thought all was valid hotwolf. These are the type of queries that should be considered.
eg. From AMG Ann. 12/07/2017
Ausmex is pleased to report to shareholders that a 6,000m RC drilling program at the Mt Freda
Gold Project has commenced. The first phase of the 6,000m Mt Freda resource drilling
program, including up to 2,000m of RC drilling, is aimed at confirming mineralisation below
the old shallow open pit. Drilling is also aimed at testing further mineralisation that is
currently open along strike and down dip from the Mt Freda Open Pit.
and
GILDED ROSE GOLD PROJECT: Diamond Core drilling program to commence 18th July
A Senior Geologist with over 20 years’ experience in Gold exploration and production has
been appointed, solely to manage and progress the Gilded Rose Gold Project.
The Gilded Rose gold project, is located approximately 20 klms east of the Queensland
regional township of Cloncurry and approx. 30 klms North of the Mt Freda project. The Gilded
Rose and its associated mines along the 1.5 klms strike length was one of Queensland
historical, highest grade gold mines. Queensland Government records on the Gilded Rose,
report an average production recovered grade of 47g/t Au.
3 1/2 months drilling and no update????
Then on 23/7 was the Belgian Copper Mining Lease Update where
Managing Director Matt Morgan stated:
“A very good early result for Ausmex shareholders. The company will continue focusing on
potentially developing short term production from the current suite of Gold and Copper projects
within granted Mining Leases, with the aim of providing early cashflow to fund further exploration
for prospective large Iron Ore Copper Gold (IOCG) and Porphyry mineralisation, within both the
Cloncurry QLD and Burra SA project suite”.
And as per the last Exploration Update there is now a new focus. All good if a company can diversify over many potential prospects but with $4 1/2 m in the bank at the start of the financial year I can smell a capital raise coming imo.
However, I wish success to all involved (well maybe not all)
