Music Well's Golden Gamble: Can Augustus Strike Again?
The Australian gold rush has seen many junior miners strike it rich only to fizzle out shortly thereafter, but Augustus Minerals' new discovery in Western Australia's Leonora Laverton greenstone belt may be the real deal.
The company's Music Well project has yielded an impressive 19. 5g/t gold result from a single metre of drilling within an 8 metre zone that returned 3. 27g/t gold.