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Oakajee’s Paynes Find Drilling Struggles to Break Through Alluvial Cover
4:57pm on Friday 31st of January, 2025 AEDT
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Mining
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Oakajee’s Paynes Find Drilling Struggles to Break Through Alluvial Cover
4:57pm on Friday 31st of January, 2025 AEDT
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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