AUR 0.00% 0.7¢ auris minerals limited

Ann: 30% CU Intersected in Narrow Sediment Horizon at Wodger, page-111

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  1. 3,055 Posts.
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    They did nothing before the discovery. Sub-audio Magnetics and ground magnetics are for determining structural information, not for detecting sulphides although SAM can provide a response in conductive rock if you are lucky enough to get good coupling.

    eg "Magnetic data does not detect the mineralisation directly, and data from SAM surveying does not show the mineralisation."

    Hardly anything says "we knew there was a VHMS before we drilled it".

    Just because they assayed the multi-elements doesn't mean they understood the results. If they did, they would have done more than magnetics and SAM, which even pre-DeGrussa SFR would have known, before their geologists became world leading experts on VHMSs. So if they susspected it, and had 0.4% Cu, do you not think they would have done DHEM before they drilled the copper? And because they didn't, what does that say?

    Or let alone release information to market. 0.4% Cu is extremely anomalous in any drilling, especially if you don't expect it. That said, Gleneagle drilled Wodger, Big Billy, Frrest Gimp in 06 and 07 and didn't analyse for copper, so just goes to show.

    The copper at DeGrussa was anomalous both in Au mineralised areas and outside (0.2% Cu vs 0.4% Cu). The data in the tables are wildly misleading as to what "background" is. it's more like they are comparing highly anomalous ore with less anomalous mineralisation.

    For example, average Cu from Narracoota Volcanics is in the order of 20-50ppm. So saying 4,000ppm is anomalous versus 2,000ppm is bunkum. 2,000ppm is anomalous vs 50. Same for Pb, which is 8-15ppm, and Zn which is 40-60ppm, and likely the other elements quoted 9which, I'd argue, is this super-secret witches brew of elements which is such a closely guarded secret you can read about it on the internet).

    I mean, really, this story has been spun so hard by SFR to invent a story about how smart they are, how they have all the cards, all the science, and the competitive advantage. But if you can read about it on the internet, it's not really a massive trade secret.

    It's also interesting that they say you can use IP, but there hasn't been a lot of IP done by explorers in the region, including SFR. It's all about drilling deep holes and doing DHEM and generating plates, which you then have to drill.

    Meanwhile, AUR / RNI has been following up XRF of subcrop at Wodger / Forrest resampling old GLN drill chips and doing aircore. Makes you wonder about this mythical magic witches brew.
 
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