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32.0¢ auric mining limited

Morning all.@goldatwidgieI think that 5m @321g/t should read 1m...

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Wack

4,345 Posts.

6559

30/07/24

06:16

Post #: 74972101
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Originally posted by goldatwidgie: ↑

Nice one Wack.
Personally I can't see Auric paying a dividend in the short term. Cash is needed for more grade control drilling - you are right on that one. With cash coming in from gold mining it would also seem prudent to drill holes coz we are an exploration company and at the very least you'd have to describe what the company has at Spargoville as tantalising.
The allure of Munda is that it has a lot of gold in it. I just checked on one of their grade control drilling result maps and see lots and lots of world class hits.
19m @ >9g/t Au and right next to it 17m @ 17.65 g/t Au and then 5m @ 321g/t Au.
The management at Auric are progressing this in the right way and hopefully they can get onto a trial pit within a short amount of time. I think all shareholders feel optimistic that Munda is going to be a performer and I feel that once we start mining we are going to unlock the potential this deposit has.

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Morning all.
@goldatwidgie
I think that 5m @321g/t should read 1m @321g/t
Please correct me if I am wrong.
Either way, those grades are juicy.
And I am not sure what that is connected to.
Supergene or an extension of a structural control.
Both of which will be exciting to test.

Kind regards, Wack

AWJ Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
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