218m @ 1.3g/t gold equiv: looking interesting

hi everyone

today's announcement was interesting. AUK is certainly one to keep on the watchlist

the resource at depth is getting wider & deeper

currently drilled around 200m long x 100m wide x 200m deep proved up, which is around 8mt @ 1 g/t gold equivalent for 280,00 oz

if the deposit extends the entire length of the anomoly, broadens at depth and goes to 350m deep from the top of the hill, then 400m long x 150m wide x 300m deep x SG 2 = 1.3 million ounces

the bottom two pictures are from IAU. when IAU started, its "Zone C" was a similar size to AUK's main zone, although the other IAU zones look much larger than AUK's other zones. but the initial IAU picture is similar to AUK's current

then later, IAU found a copper-gold porphyry system at depth, for 14moz of gold and 9m pounds of copper









IAU 27 May 2008 Overview of targets

http://www.asx.com.au/asxpdf/20080527/pdf/319b2cpm0t5j70.pdf


IAU 28/07/2008 first JORC for Zone C was 1.1m oz

IAU most recent presentation:

(1) gold-silver oxide resource at surface (currently 2.4Mozs gold and 80 Mozs silver)

(2) underlying large copper-gold-molybdenum porphyry system 14Moz gold, 8.8B Lbs
copper and growing