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Gold79 Mines Ltd V.AUU

Alternate Symbol(s):  AUSVF

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

Bullboard Posts
Post by metalbrainon Jul 29, 2011 9:24pm
438 Views
Post# 18889537

15cm of 11.7 g/t - Seriously?

15cm of 11.7 g/t - Seriously? I actually thought Greyhound would be the property to propel this play, instead AUU is proving to me that my money is probably best put somewhere else despite my current losses.  As a result I almost walked away down 8 grand today, but I got into AUU because of Greyhound and those high grade results back in 2010.  So I'm willing to give it one more go since part of phase 2 drilling is supposedly targeting the source of those high grades.

From July 28 news release:

"A third hole will target a structure at the south end of Aura Lake which the Company believes may represent the source of previously reported5,380 g/t silver and 28 g/t gold in glacial erratics. Following holes will test the new targets defined in the northeastern area as well as additional structural and gold anomalous zones in the area of Aura Lake.

One thing for sure is if this next drilling phase fails, this current team will go down as being part of just another company that failed it's shareholders big time!   Time will tell!


GLTAL!
Bullboard Posts

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