AUC 0.00% 3.3¢ ausgold limited

Katanning +2.0M gold ounces?, page-20

  1. 457 Posts.
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    Yep. The whole exploration scene is pumping at the moment too, so turn around times for rigs & assays are longer than usual. Was talking to a driller at camp the other day and they are struggling to keep up with demand, we have two different drilling companies onsite which goes to show how scarce rigs are.

    The original plan was to present a updated resource in Q4 2020 but that has been pushed out to Q1 2021. I was thrown by this but after giving it more thought I feel its a good thing. Gives them more time to drill the resource and analyse all the results properly and come out with a well thought out defined reserve instead of rushing it and missing the mark. So on this I can only think we are still due some drilling results in the short term, which should be interesting.

    This base at 3.5c - 4c is a great consolidation phase and I'm happy to sit back and watch, just means it will have more legs to run when it decides too.

    you boys seem to be on night shift too wink.png
 
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