If it hits wide and rich cu/au/ag sections in the primary/fresh rock/sulphide zone then that should see a big change in shareholders' fortunes. That's what we really hope for, eh! That's what the BoD wants!
The area looks very promising for the discovery of a new vms copper with gold deposit. The signs are there. The homework has been done. Let's see!
However, if this hole does not produce 'the goods', then the probability is that it will guide further exploration. As the ann says:
This initial 400m diamond hole ... has been designed to test the northern-most EM conductor while evaluating the stratigraphic and structural controls on the oxide mineralisation at depth. The diamond hole will be drilled beneath the down-dip projection of 25m @ 1.1% Cu ... to test the modelled plate which is believed to be the fresh sulphide source. .... Based on the information received from this hole, RNI has the ability to expand the drilling programme to test the second southern-most EM conductor as well as other geological, geochemical or geophysical targets.... While providing valuable structural and lithological information, this diamond hole will also form the platform for a high powered Down-Hole Electromagnetic (DHEM) survey to enhance follow-up drill target testing.
Whatever the case, RNI/Auris will need more money to continue exploring Maybe the sale of an asset will provide the necessary funds!
AUR Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
change in shareholders' fortunes. That's what we really hope for, eh! That's what the BoD wants!
