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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 alaindddon Nov 02, 2015 9:14pm
43 Views
Post# 24252143

RE:RE:RE:RE:RE:agnico report

RE:RE:RE:RE:RE:agnico report
talladega73 wrote: With 2018 fast approaching I'm surprised AEM isn't more aggressive with the Greyhound exploration program as they have fooling around with this property as if time wasn't a concern.


hi Telladega,
trying to get a feel of  the situation that results are not released yet. and why EAM is not in a hurry in releasing them.

1.0 If I was AEM, what would i do knowing drill results are not to expectation ?
results would probably be out already. And i would probably break all ties with Aura and move on

2.0 and what if results meet expectation ?
would i release the results ASAP ? spill the beans and have the stock price jump up ?

I would probably try and negociate a deal with Aura before the deadline for posting drill results. 
somekind of deal to lock up a future price if next drill results are also good on a base of a fair price for shareholders.

i would also plan ahead the next drill program with more agressive targets than the previous one before releasing anything.

And beiing as big and independant as AEM, if drill results are in fact good, i would have all the time in the world to lock up this deal with Aura. then plan for the closing of their mine in 2018.

just trying to make sence of all this waiting time. I think every one here have been waiting for a while now.

share your thoughts

cheers






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