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32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-118

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vertigo

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14/02/19

15:56

Post #: 37438725
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Originally posted by HotRods65: ↑

I don't think I've ever seen another company start mining after so few drill holes. Surely they should atleast release an inferred resource estimate as a minimum from current drilling. I think it would also probably be a pretty small resource given the area drilled and reef thickness.
Current mining practice is like high risk gambling imo. Maybe they see it as a last roll of the dice before the $$ run out, I can understand them starting mining McNally's reef from that point of view. Especially if that is what they promised the larger investors in the last raising.

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"I don't think I've ever seen another company start mining after so few drill holes."

and while your reading my posts, name one other company that was able to drill perpendicular and parallel to the ore body so we can validate your claim.

AUL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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