AUC 4.44% 43.0¢ ausgold limited

the rocks

  1. 3,740 Posts.
    the Jenkins fault, and the Narracoota volcanics, and the old basin seem to be the mix thats needed. the article in the west australian went on about the Jenkins Fault as if its the the main game. i would think the fault only allows the material to rise, but the basin and the Narracoota volcanics are the host. anyways thats just my thinking. out the back above Hermes the chances for finding gold look excellent, the more i see of this area the better i like it. ALY should have a updated JORC for Hermes soon, the company alluded to building a plant down the track, this can only be a plus for the area. gold price looks like its holding . OIMO>
 
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