AUC 3.03% 3.4¢ ausgold limited

Katanning +2.0M gold ounces?, page-18

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    25,000 meter RC drill program over 24 weeks, now into 8th week of program. Assume average of 1,000 meters per week / average 150 meters per hole / 6-7 holes per week. Assume 8,000 meters completed for about (average) 53 holes to a drill hole depth of 150 meters. That is a total of 167 holes by mid February of 2021.

    All holes drilled into Central Zone that extends for 7,000 meter strike length. Additional (specific) RC drilling on Jinkas North, Rifle Range and Red Hill. AC regional drill program across multiple targets.

    We should be getting a constant flow of drill data going forward, probably broken down as totals for specific targets. IMHO very conservative resource target is +2 million ounces of shallow open pittable, bulk mineable gold resource. My very speculative (longer term) upside target could go as high as 8 million ounces (see prior conceptual guesstimate target). I tend to look at other resources in the area to guesstimate speculative upside, in this case Boddington (30M ounces) is down the road apiece. https://www.bing.com/videos/search?q=youtube+rolling+stones+down+the+rad+apiece&view=detail&mid=837EDC49FAA3F0CBBDD9837EDC49FAA3F0CBBDD9&FORM=VIRE0&ru=%2fsearch%3fq%3dyoutube%2brolling%2bstones%2bdown%2bthe%2brad%2bapiece%26form%3dANNTH1%26refig%3d2b955f08c611468f8a97961ef0606b69%26sp%3d-1%26ghc%3d1%26pq%3dyoutube%2brolling%2bstones%2bdown%2bthe%2brad%2bapie%26sc%3d1-40%26qs%3dn%26sk%3d%26cvid%3d2b955f08c611468f8a97961ef0606b69
 
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