OZM ozaurum resources limited

Haha hardly! I think he's already well ahead of the curve on all...

  1. 1,803 Posts.
    lightbulb Created with Sketch. 571
    Haha hardly! I think he's already well ahead of the curve on all this! If you read all the market releases, watch the big man's video interviews and do your own research (including reading old WAMEX Reports), I think its reasonable to begin to realise that there's a potentially substantial gold system emerging here. Lots of work and proving up to do yet, but the early indicators of a big system are there. Nothing is guaranteed but that is the risk if you choose to take it. AIMHO (DYOR).

    So I can see why the old Ernbill working would be targeted for drilling. Around 85 years ago the old timers pulled out nearly 500 ounces @ 100 g/t Au from Ernbill. Then around 40 years ago, I think Western Reefs only sunk two scout RC holes (MG4 and MG5) in it and both hit. These two holes were never properly followed up (just like at New Cross Fault where around 25 years ago, Gutnick only sunk some wide-spaced shallow vertical RAB holes like PINB052; they didn't do any deep RC drilling to specifically follow up the existing old scout RC hits like MG8, MG9, MG10, MP-21 and MP-27). Same here at Ernbill, 25 years ago Gutnick only sunk a row of very shallow and wide spaced RAB holes (and hit with PINB059 from surface albeit low grade), but they didn't specifically target or follow up the old scout RC hits of MG4 and MG5 with deep RC drilling. Same can be said about the old VRC working which sits to the south of New Cross Fault (between New Cross Fault and Ernbill). The old deeper scout RC hole MG7 (which was drilled around 40 years ago), has never been followed up. MG7 I think is important because it hit higher grade (>5.0 g/t Au) for a metre at around 85 metres depth and ended in mineralisation (albeit lower grade) at 90m depth. And then there's all the prospects along strike to the north of New Cross Fault like where the old scout RC hole MP-14 is (300m odd from New Cross Fault); and like Jack's Show, where old RC holes MG12 and MG15 are (500m odd from New Cross Fault). AIMHO (DYOR)


 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
6.4¢
Change
0.001(1.59%)
Mkt cap ! $14.66M
Open High Low Value Volume
6.4¢ 6.6¢ 6.3¢ $40.33K 627.0K

Buyers (Bids)

No. Vol. Price($)
1 29500 6.3¢
 

Sellers (Offers)

Price($) Vol. No.
6.7¢ 50000 1
View Market Depth
Last trade - 15.57pm 27/06/2025 (20 minute delay) ?
OZM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.