why dont they just keep it, they might actually make some money out of it.
AUCXIS LIMITED 2002-07-03 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
* Aucxis a successful bidder to acquire from Dolomatrix Australia Ltd
50% of its interest in the Yamarna Gold Project
* The Yamarna Project covers a total area of more than 2000 sqkm of
an under explored greenstone belt, that shows all the features of
typical well endowed gold districts in the Yilgarn including:
* Extensive geochemical anomalies with one grade gold Intercept.
* Complexity deformed greenstones.
* Major shears with gold mineralisation (eg Attila-Alaric)
* Exploration to date by WMC has outlined a number of high ranking
targets ready for infill drilling including result of 8m @8.0g/t
Au(Including 2m @ 31.9 g/t Au).
* The project covers a large ground holding over gold prospective
Archean greenstone with nearby gold resources totalling 0.7 mill oz
@1.52 g/t Au.
* A good dataset exists from WMC's recent exploration effort
including detailed aeromagnetics.
* Many prospects already outlined, some of which have had limited
drill testing and others remaining to be drill tested.
* The Yamarna Project represents a unique opportunity to locate
several large scale gold deposits within the 90km of strike.
Aucxis, jointly with unlisted public company Excor Resources Ltd, has
been advised that it is the successful bidder to acquire a 90-100%
interest in the Yamarna Gold Project from Dolomatrix Australia
Limited (formerly Kilkenny Gold NL). The successful bid is subject to
formal documentation, third party pre-emptive rights and necessary
ASX/Shareholder approvals. Aucxis will acquire 50% of the available
interests (which are 90-100% of the tenement holdings), at a total
acquisition price to Aucxis of $325,000 in a mixture of cash and
shares.
Further information on the Project will be released as the proposed
acquisition progresses.
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