AUG 20.0% 6.0¢ augustus minerals limited

Drilling deep holes like Andrew Reid is doing drains the coffers...

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    Drilling deep holes like Andrew Reid is doing drains the coffers very fast accentuated if having to go to DD deeper that around 280 meters , why is he not drilling East of the previous semi successful hole #12 back towards the Minger fault with RC and then tail it with DD if needed ?
    Or maybe scissor hole #12 where it intercepts the ore from the West ?
    Also why no more drilling around copper ridge which had a decent shallow high grade hit ? Does he feel Copper ridge will have too short a strike to be viable ?
    A bit of info of why they have not run a seismic survey prior to drilling would be welcomed IMHO .
    I guess you would class this as high risk /high reward as looks like they are looking for a large but relatively low grade porphyry Cu/Mo type deposit .
 
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