Goldbug.
I’m good for your challenge to post more info regarding our managements ability to plan
and communicate.
Historic Tampia access problems;
BHP Minerals (“BHP”) discovered gold mineralisation at Tampia Hill in 1987 from follow-up of
a regional BLEG stream sediment survey. BHP undertook a considerable amount of exploration
work, including geological mapping, rock chipping, grid soil and auger sampling, RAB drilling
and ground geophysics that lead to the discovery of the Gault gold deposit. BHP subsequently
followed up with diamond core drilling.
BHP sold the main portion of project to Dry Creek Mining in 1990. Dry Creek Mining was
renamed Nexus Minerals NL in 1993. Exploration from 1990 to 1997 was hampered by
failure to secure access rights from landowners and a plaint lodged in 1993.
The plaint was dismissed in 1997 and Nexus Minerals commenced RC drilling at
Gault with the aim of confirming BHP results and defining a gold resource.
Nexus Minerals was renamed as IPT Systems Ltd in 2000 after a change in focus away from
resources.
Further plaint actions from 2001 to 2005 resulted in cessation of exploration activity
on the tenements. In 2005, Meridian Mining acquired the project from IPT Systems and commenced
a data review and assessment of exploration targets outside the limits of Gault. The mining lease
tenements M70/815 and M70/816 were transferred to Tampiagold Pty Ltd in 2010, with the
exploration license E70/2132 being transferred to Goldoro Pty Ltd in the same year. Both
companies continued to experience problems with land access. High resolution airborne magnetics was flown over the project area in 2010. The project was acquired by Auzex Exploration Ltd. in 2012, whose activities have since largely focussed on resolving access issues and the
consolidation and reinterpretation of existing data, and diamond drilling (2014) at the Tampia Hill prospect on the Exploration Licence and both Mining Leases.
doodledog; Didn’t seem lack of prospects that caused different companies to sell out,
more like the access issues drove them away.
Wasn’t until Auzex arrived in 2015 and solved the access problems that some
continuity of tenure emerged and we blended successfully with them as EXU.
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