AUL 7.25% 32.0¢ austar gold limited

Ann: Suspension from Official Quotation, page-71

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  1. 1,204 Posts.
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    Ok UFX, what about Maxwell's? It was the initial target that proved a huge disappointment. I had tonnage estimates from NG that went from 20,000t to 100,000t with grades from 10 to 20 g/t.
    It was the reef we saw at 9L with the visible gold. It was very flat lying and when I saw the scraper they were using to rake out the rocks, well it shook my confidence a bit. It was obvious that getting meaningful tonnage out of there was going to be problematical.
    Have you an opinion about Hunts, at the end of the adit where you could look up to the open cut, there was all that blue mineralization visible and just outside the entrance was the collar for the drill hole that returned 100 g/t over 1 metre. Could it be worth further investigati9n as I dont think MCO ever got around to it?
 
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