I think the significant discovery will come from the AUZ JV....

I think the significant discovery will come from the AUZ JV.

Looks like RIE are preparing themselves for a bigger piece of the pie imo.
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Therefore, in the event of a significant discovery and/or development decision being made at either of the Charteris Creek or Marymia Joint Venture Projects, the Company’s strategy is to position itself to contribute to future joint venture funding, if it chooses to do so.
On 6 November 2015, Australian Mines announced to the ASX that a single drillhole test (MMRC016) at the Dixon Prospect intersected gold mineralisation averaging 10 metres @ 8.79 g/t gold from 130 metres down hole, including particularly significant intercepts of:
- 1 metre @ 29.11 g/t gold from 133 metres down hole;
- 1 metre @ 14.85 g/t gold from 134 metres down hole; and
- 1 metre @ 29.22 g/t gold from 136 metres downhole.
Riedel looks forward to follow up drilling at Dixon with the expectation that this high grade zone can be significantly extended.