AUR 0.00% 0.7¢ auris minerals limited

Geez, I hope not! There is likely to be no exploration news this...

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    Geez, I hope not!

    There is likely to be no exploration news this month apart from this update: The survey is scheduled to commence during February 2018 and the Company will provide an update once flying commences.

    My info (not from HQ either if wondering) is that AUR is using the same VTEM contractor as Bryah Resources is. Acc to the BYH ann, that work was due to conclude mid-Feb. Soooo, we should soon be away.

    From AUR's last QAR (edited, and also my emphasis):

    The work programme planned for the Forrest Project will be two-pronged (geophysical and geochemical) and due to commence in the coming weeks to define new exploration targets:
    • Regional VTEM survey ......  • Regional and detailed geological interpretations using all available historical data (including data from previous drilling), to identify regional and/or local controls on mineralisation. • Systematic aircore drilling programme between Forrest and Big Billy prospects, to establish complete geochemical sampling coverage along the prospective trend for new target identification......

    ..... Prior to further drilling at Wodger, the following targeting work is planned; • Induced Polarization (IP) orientation survey – the best geophysical method for targeting disseminated mineralisation and narrowing down targets (as seen in diamond core, at Wodger);  • Processing of the regional VTEM data to identify potential massive sulphide mineralisation.

    The upshot of all of this should be that there will be a period of time with news that won't excite. Also, what's now planned indicates that the geo interpretation of the past has been sidelined, at least, until all of this new work has been completed. The bottom line though is this QAR again): There is little doubt that a copper-gold mineralising system is present at Wodger.  Further work is required to understand and develop the geological model before advancing to the next phase.
 
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