Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: this still isn't complete

this still isn't complete

posted on Aug 19, 2008 07:58AM

first they said they would not release any of the drill results. now it seems if you hold their feet to the fire, they can be a lot more cooperative. looking at the drill results, i see no mention of 16 drill holes (207,208,209,211,212,214,215,216,220... and 233.) and nothing after 236, which may have been the last one completed. they mention 10 geotechnical holes, and 4 holes are shown in green as still in progress on the august fdn simplified geology map.

so giving them the benefit of the doubt that 236 really was their last hole, at least two drill holes are still missing and unaccounted for. long ago they told us three drills had been moved to regional targets, yet there are still no results. something doesn't add up.

this was what they had to say about the western fault:

"The first of several deep drill holes, (CP-08-219), has been completed on section 9583500N, designed to test for the offset part of the FDN deposit at depth on the west side of the west fault. The hole was stopped at 1,343m and failed to intersect any epithermal mineralization of significance."

if you plan to drill several holes to try to find mineralization that could double the size of the deposit, is it really a good time to sell the company after only one hole?

so how about releasing all of the results?

in case anyone needs a reminder of what we're giving away, look at this:

hole 198 95 meters 38.18 g/ton

hole 199 80 meters 20.01 g/ton

hole 204 149 meters 25.40 g/ton

hole 206 134 meters 22.39 g/ton

and patrick thinks this kind of deposit is only worth $60/oz.



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