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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
Comment by Hourglass11on Jul 16, 2013 4:56pm
73 Views
Post# 21611362

RE:RE:RE:Aura Silver to Receive US $1.3 Million Payout Triggered by West Taviche Sale

RE:RE:RE:Aura Silver to Receive US $1.3 Million Payout Triggered by West Taviche SaleHopefully there is another news release in the very near future detailing some answers as to what the company plans on doing with the money. They have known since mid April that Fortuna Silver was going to buy the remaining % of Taviche West. There has been plenty of time for them to make plans to continue the exploration of both Taviche East and the Greyhound property.
It will be interesting to see if they actually start on something or hold off for a year to see if the price of Silver comes back to a realistic level. With all of the cutbacks that the Gold/Silver miners have made, it should be very easy to get exploration/drill equipment/people on short notice. 

This could be a make it or break it summer for Aura Silver. JMHO


 
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