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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 rallydriveron Jan 29, 2015 7:13pm
69 Views
Post# 23379909

RE:Not suggesting it's time to sell

RE:Not suggesting it's time to sell
I wouldnt have expected new buyers to jump in on this news.
THe price may move when money begins to get spent in both Mexico and the Yukon.
Money has to be obtained for further exploration - that is pretty much typical for most Juniors - Aura isnt Goldcorp.
More drilling, brings better results, stimulates interest, and the next thing you know properties are being developed or sold.
Doesnt happen in one month.
Personally, I think Greyhound will eventually be purchased by Agnico, ( not in a month) they are right there and are the logical suitor.  Mexico, Aura was already able to sell off a chunk, and now we have more good results, so maybe a profitable sale eventually down there also.
good luck in all your plays, guys.
Bullboard Posts