RE:Trading in Brazil @ $192 CDN Trading in Canada $181.00They have several producing mines Honduras, Mexican , Epp, now Gold Road mine in Nevada is looking great . I was a RN share holder and Alma’s mine is ready to go the IRR is fantastic huge potential there , Matupa deposit is a mountain of gold with 14 km fault line , Tolfarida Columbia asset has potential too. The float is very tight . This will go to $400 a share imo if Brazilian mines get built . I think it will be acquired by a major . Real value here . Management basically stole the Gold Road mine for debt. The Epp deposit also has potential.
The Gold Road Mine is permitted for substantially higher throughput compared to current capacity and, based on historical production, the crushing system has extra capacity that would reduce capital requirements for an expansion up to double the current throughput. In the fourth quarter of 2020, Aura intends to begin expansion study options.
Gold Road Drilling 2020
Aura initiated a multi-phase drilling campaign in the 2nd quarter of 2020 to both upgrade portions of the inferred mineral resource to measured mineral resource and indicated mineral resource categories and to further delineate the extent of the deposit, which is open down plunge and to both the east and west along strike.
The first phase of the diamond drilling campaign includes approximately 12,900 feet of drilling in 33 holes. The objective of this phase of drilling is to confirm and support the mine plan by upgrading inferred mineral resource blocks to the measured mineral resource and indicated mineral resource categories. Drilling started in the 3310 zone (figure 1), which initially is the highest priority stope for development in the mine plan.
The results of first 4 drill holes were very successful and confirmed projected grade from the inferred mineral resources in the current mine plan. They intersected wider intervals than estimated in the preliminary 3-D ore model. These holes delineate resource blocks up to 200 ft below the current mining level in this zone.
Below are the key highlights of the first 4 holes (all true thicknesses):
Hole GR-20-1000-1: 12.2 ft @ 0.206 opt or 7.1 g/t
Hole GR-20-1100-01: 7.6 ft @ 0.408 opt or 14.0 g/t
Hole GR-20-1000-2: 12.8 ft @ 0.175 opt or 5.94 g/t
Hole GR-20-1300-01: 8.8 ft @ 0.330 opt or 11.25 g/t