Augustus Minerals Ltd AUG

Primary Symbol: AUGMF

Metals & Mining Industrial Metals & Minerals

Augustus Minerals Limited is an Australia-based exploration company. The Company is engaged in exploring for lithium, rare earths & copper in a large tenement package located in the Gascoyne Province of Western Australia. The project covers approximately 3,600 square kilometers (km2) of granted and under application tenements located in the Gascoyne Province, in the Shire of Upper Gascoyne and the Shire of Carnarvon. The Ti Tree Shear Project is located about 200km inland from Carnarvon and is in the shires of Upper Gascoyne and Carnarvon. The Project area is prospective for copper, gold, nickel, platinum group metals, molybdenum, rhenium, lithium, and rare earth element mineralization. The project's tenement package is categorized into four main project areas: Crawford Bore, Lyons Central, Minnie Springs, and Mt Phillips Area. Capricorn Orogen Pty Ltd is a wholly owned subsidiary of the Company.

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Augustus Minerals Ltd > Question - Spin Cos

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Comment by BullionGirlon Oct 12, 2020 11:58am

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Post# 31704236

RE:RE:RE:RE:RE:RE:Question - Spin Cos

There seems to be doubt about the worth of Sombrero.
FOR THE RECORD, the Ferraro target on Sombrero was drilled in 2013 by a company looking for iron ore. According to the Auryn Resources news release of June 13, 2019 they were able to locate and re-assay the cores. There were eight holes drilled and Auryn found copper mineralization in all of them.
” Highlights include 116 meters of 0.58% copper equivalent...90.4 meters of 0.51% copper equivalent....and 51 meters of 0.53% copper equivalent...”
so Sombrero is real and the only question is how much and at what grade !

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