AUC 4.44% 43.0¢ ausgold limited

Recently listed,$10 million cash,Doolgunna Station Project...

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    Recently listed,$10 million cash,Doolgunna Station Project adjoining SANDFIRE,with the same geological environment that hosts the Degrussa,Conductor1 and 4 discoveries.
    A VTEM survey is being flown over this environment and a High Resolution Aeromagnetic Survey is being or has been flown over the rest of the tenement,final data from the VTEM in expected in late march with target drilling to follow.
    I am a holder of TLM and I believe they are the best chance of replicating SANDFIRES results,and believe AUC are next in line.TLM are run by very smart cookies,so to get an idea of what value is put on this AUC ground,TLM recently acquired a very small PL on the southern border of the AUC ground.This is called the Halloween Copper-Gold Project for which they are paying the vendors $400,000 then another $100,000 on DTM in 5 years plus a 2% NSR.
    LSR is another company in a great position that borders both SFR and AUC.There are some great magnetic and structural images provided in the recent LSR announcements that show why AUC,TLM and LSR are in such a great prospective position in relation to SANDFIRES recent Degrussa,Conductor1 and 4 discoveries.
    I am also holding SRI who has 30 kilometres of the prospective Jenkin Fault which runs through Degrussa.
    Really looking forward to the next 6 months,as I believe I have postioned myself in companies with the best potential of delivering another discovery similar to SANDFIRES.
    Cheers.
 
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