AWJ 1.56% 31.5¢ auric mining limited

Ann: Spargoville Drill Results Identifies New Targets, page-21

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  1. 1,181 Posts.
    lightbulb Created with Sketch. 46
    Doing some light Saturday morning reading of this ann, again.

    There's definitely gold there right, the question is - is it a gold mine?

    From the company https://hotcopper.com.au/data/attachments/6231/6231073-87608f4351e808c82e462e7d0ee8fc5e.jpg
    Ok so I had a look at the Wiki page for Wattle Dam and indeed the vast bulk of the mined resource at Wattle Dam wasn't from the open pit mining - but at depths of up to 365m.....

    "The mine ceased production in 2012, having produced 213,650 ounces of gold from its underground operations between 2006 and 2012, reaching a depth of 365 metres, and at a grade of 14.9 grams per tonne. Open pit mining at Wattle Dam, which finished in 2008, produced a further 52,700 ounces, at a grade of 5.3 grams per tonne. Both the underground and surface mining grade is considered high by industry standards.[12]"
    Keep drilling team.....
 
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