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4.5¢ augustus minerals limited

Ann: High Grade Copper Rock Chips to 18% at Ti-Tree, page-16

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02/05/24

14:27

Post #: 73631696
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Originally posted by plough: ↑

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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"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 ?"

Looks like that's basically what they are about to do, or similar? With the monetary assistance of the WA Govt ......todays announcement.

Andrew Ford is running the programs now. (GM Exploration). Andrew Reid finished up in March.

AUG Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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