AUR 0.00% 0.7¢ auris minerals limited

To quote AB Paterson, it seems that 'the colt from old Regret'...

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  1. 11,557 Posts.
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    To quote AB Paterson, it seems that 'the colt from old Regret' has got away.

    Station movement at last!

    This is an interesting read. Thanks go to "COO" Hendriks and "GMG" Franey, also the Board. ?

    The part that you have quoted re Orient Floydyboy is virtually a restatement of 'old news', but you are warranted in highlighting it. It's a highly prospective area for vms cu/au.

    I believe that SFR was very interested in farming-in Cashmans too, but the then Board rejected SFR on that point. The new Board, I thought, was going to let SFR come in on Cashmans after renegotiating the original farm-in deal. However, the silence on that, combined with the news of this work, now make me think that AUR might keep it and explore it in a different way.

    There has been soil sampling done before at Cashmans, the report says, but it seems that quite a bit of it was only tested for gold; so the new samples will receive a full multi-element test. Let's hope that this programme will bear fruit as regards uncovering the potential extent of the Karalundi Formation in this area.

    The Karalundi Formation hosts both the DeGrussa and Monty orebodies according to AUR published data. This is a map extracted from an AUR ann on SFR's VTEM at Morcks Well East which is to the NE of Orient along or near the Goodin Fault.

    karalundi map MWE.JPG

    The other parts of the report are of interest too - more on them later!
 
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