AUC 3.03% 3.4¢ ausgold limited

Ann: Further high grade gold paves way for Resource upgrade, page-11

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    The recent program of RC and diamond drilling consisting of 215 holes for 31,050m conducted since the previous
    Resource Estimate (ASX Release 1 November 2019) has intersected high-grade gold mineralisation which will form
    the basis of the March 2021 Resource update (ASX Releases 9 August, 9 October and 20 November 2020). This
    drilling extends high-grade gold mineralisation beyond the 2019 Resource area:
    From announcement it says the 31,050 drilling will form the basis of the Jorc upgrade so assume all included. Also says "March 2021 Resource upgrade" but elsewhere in the announcement says "Due shortly" and "Resource upgrade imminent" so not overly confident we will get this upgrade pre month end. No mention of Woodanilling at all so not sure what to think about that.
    As i said previously if they miss the deadline ie next couple days then probably the share price will drift down until it happens. Few weeks is neither here nor there and will give those still buying an opportunity to top up or enter a little bit lower. Given the cash flow situation is hard to immagine we wont have news within the next couple weeks
 
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