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Oakajee’s Paynes Find Drilling Struggles to Break Through Alluvial Cover

5:58pm on Sunday 1st of June, 2025 AEST Mining
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Oakajee’s Paynes Find Drilling Struggles to Break Through Alluvial Cover

5:58pm on Sunday 1st of June, 2025 AEST
Key Points
  • Auger drilling at Paynes Find’s Banks and Deep Well targets returned low gold and copper values
  • Exploration hampered by thick alluvial cover limiting sample penetration to bedrock
  • Company holds $1.28 million in liquid assets including cash and listed shares
  • Payments to related parties totaled $50,360 during the quarter
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