AUR 14.3% 0.6¢ auris minerals limited

Who said that the chalcocite veining was more akin to Thaduna...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,055 Posts.
    lightbulb Created with Sketch. 166
    Who said that the chalcocite veining was more akin to Thaduna than DeGrussa?

    Hmmm. I wonder.

    Nope, not remembering.

    Anyway, I agree with this mystery person who looked at the vein with late quartz and chalcocite infill and began to doubt that it was a VHMS mineralised system (you'll note that AUR hasn't pushedd the VHMS word in that announcement; they must be coming to this realisation). This is late, late, late epigenetic mineralisation. it's likely a fault-hosted breccia. The magnetite alteration in the Ravelstone also is unlikely to be VHMS.

    What does this mean? The diamond core will take a bit longer to log, they will get a structural wonk in to write a report, and they will resort to deeper diamond drilling on a new orientation to intersect a new structurally hosted vein chalcocite-bornite-covellite deposit in the volcanics and sediments.

    Eg, if the mineralised vein is cutting across E-W, then the E-W oriented drilling might be pinging the edges of the mineralisation.

    Just some guy's prediction. Overall no bonanza but with a bit of a rethink of the model here, the outlook is actually good. Just doesn't ring the ASX buzzword bell for "DeGrussa".
 
watchlist Created with Sketch. Add AUR (ASX) to my watchlist
(20min delay)
Last
0.6¢
Change
-0.001(14.3%)
Mkt cap ! $2.383M
Open High Low Value Volume
0.6¢ 0.6¢ 0.6¢ $14.54K 2.424M

Buyers (Bids)

No. Vol. Price($)
3 826354 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 772898 4
View Market Depth
Last trade - 13.02pm 14/11/2024 (20 minute delay) ?
AUR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.