I am very delighted with today's news 'Gold from First Campaign of 2024 Delivered to Perth Mint'
“Jeffreys Find Gold Mine will be a substantial cash producer to Auric throughout 2024 and 2025,” said Mr English.
This is pretty much in line with what I posted a few days ago:
"AWJ should become the next cash cow that will also give us all golden dividends".
- So what did Mr. English forget to mention?
- Yes, our golden dividends to come in line !
But don't worry, maybe it's better to wait for that, what
@Jaliso found in that above article, very good find, thumb up.
- Management says the number of gold ounces from the latest campaign, in addition to gross revenue from gold sales, will be known shortly.
- Revenue from Jeffreys Find will allow the company to inject millions of dollars into its ongoing development and more specifically at its 100 per cent-owned Munda gold deposit near Widgiemooltha.
Munda hosts a resource of about 198,700 ounces of gold at a grade of 1.38 grams per tonne and is conveniently located about 34km south-west of the mining town of Kambalda. It sits just 3km south-west of Mincor Resources’ Widgiemooltha gold project, which has a mineral resource of 4.3 million tonnes at 2g/t gold for 273,600 ounces.
As it stands, Auric has dubbed Munda its “big game”.- Earlier this year, the company recorded multiple high-grade intercepts from grade control drilling at Munda, including a 1m hit at a stunning 184.6g/t gold. Drilling highlights include a 9m section grading 21.37g/t gold from 18m including the impressive 1m at 184.6g/t from 24m.
- Additional high-grade hits delivered a 4m section going 20.13g/t gold from 28m including 1m reading 77.18g/t from 29m and 4m at 18.84g/t from just 11m including 1m at 68.94g/t from 13m. Wider assays include a 16m hit grading a solid 12.54g/t gold from just 8m, in addition to 11m going 4.51g/t from 40m including 2m reading 18.11g/t from 42m.
- With gold prices maintaining a steady upward curve,
Auric appears to be in the box seat as it continues to deliver solid ounces from Jeffreys Find – and clearly has even more to come.The above article was brought to you by BULLS N’ BEARS by Michael Philipps and I thought it would be helpful to post the excerpt here verbatim.
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