I am paying attention on AUR to see how it develops its unfolding story.....just to catch in case of any significant findings.
About Wodger, strange things was company did not mention any indication of 'conductor' to drill target in my understanding.
In general, many exploration companies say, before main drillings, its detected
(a) conductor's conductance by Siemens(S)
(b) depth of top conductor (and likley centre and bottom depth)
The main reason was that, I would say, by GEM survey likely no conductor(s) detected.
If we consider GEM survey can be generally reached up to 600m below the surface in theory, but I would say up to about 300-350m below is the most acceptable range even it depends on survey companies, their equipments and techinician's skills, geology/formation, etc.
Therefore, company has likely not encountered any conductor by GEM, which means by around 350m below the surface at the beginning. And recently company did 423m EOD drilling and encountered evidence of hydrothermal alteration and visible chalcopyrite and bonite sulphides and plan for DHEM survey and waiting for assay result in the meantime.
As company has encountered 'malachite and azurite' at shallow depth, company might think that there might be the source of above copper minerals even no any detected conductor by GEM.
So, I would say, it is too early to call neither Wodger is totally fruitless prospect nor potential copper deposit.
From my understanding, VMS deposit's copper grade is relatively higher between about 2 - 5% and encountering malachite seems it may not be potential VMS deposit. Best option seems waiting for DHEM outcome and assay results....then very clear views can be achieved for everyone, imo.
Regards,
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