Gold79 Mines Ltd V.AUU

Alternate Symbol(s): AUSVF

Metals & Mining Industrial Metals & Minerals

Gold79 Mines Ltd. is a Canada-based exploration stage junior mining company. The Company is focused on building ounces in the Southwest United States (U.S.). It is engaged in the identification, acquisition, evaluation and exploration of mineral properties in North America. The Company’s gold projects include the Jefferson Canyon Gold project and the Tip Top Gold project, both located in Nevada, U.S., and the Gold Chain project located in Arizona, U.S. In addition, the Company holds approximately 32.3% interest in the Greyhound Project, Nunavut, Canada under a joint venture by Agnico Eagle Mines Limited. The Tip Top Gold project is located in Esmeralda County, Nevada at the north end of the White Mountains, five miles south of Montgomery Pass, which is on United States Highway 6 between Bishop, California, and Tonopah, Nevada. The Gold Chain project consists of 15 patented claims, covering approximately 282 acres and 379 lode claims on BLM land comprising about 7,480 acres (3,027 Ha).

TSXV:AUU - Post by User

Gold79 Mines Ltd

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Comment by Paracelsuson Nov 12, 2013 7:50am

203 Views

Post# 21896527

RE:RE:RE:RE:RE:RE:RE:RE:no news is?

las5513 wrote: You didn't say what your breakeven number is, but since this an exploration company you will have to wair till next years drilling for any action on this stock.

Do you really expect an answer on break even? ;) Anyhow one should play these puppies like stock options. They have zero intrinisic value, and even at 50 cents the AUU shares are still worth zero in bookkeeping terms, and that goes for all exploration companies w/o proven and probable. .

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How a junior advances one of the largest undeveloped diamond projects