When we last spoke to Brad Valiukas, they had just acquired the project. The strategy was to do more drilling to build a better database of the project. Over the time, Aurumin has made a lot of progress with four drilling program with extensive intersections of gold mineralisation.
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11/07/2022 - 344.00m @ 1.29 g/t Au
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11/08/2022 - 224.00m @ 1.50 g/t Au
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05/09/2022 - 352.80m @ 1.50 g/t Au
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12/09/2022 - 242.70m @ 1.20 g/t Au
Looking at these drill holes I see some hidden points about the grades which will be carried in the upcoming resource model. The entire length may appear to only have a slightly higher grade than the resource but there are much better numbers within the intersection. To have an average of 1.5 g/t Au, you will definitely see much greater numbers within the length of the hole.
One also need to understand that the potential higher grades within the holes will also allow the flexibility of changing the style of mining. I see the potential of Sandstone as a matter of when and not if it will be positive. The geology will create opportunities and the recent drilling is clear indication that my assumptions are not too far off the mark.
Another important to consider is the potential lack of motivation of neighbouring deposits to go to mining. If this was to be the case, Aurumin could be able to consolidate their inventory and that will work perfectly for the model.
01:40 Discussion about the data points
03:44 Discussion about the intercepts
06:10 Potential and mineralization in Two Mile Hill
07:44 What was the motivation in chasing the tenement?
09:46 The Sandstone Province?
11:59 What we need to know about the new package?
14:09 What is happening in Southern Cross?
14:57 The market going forward
