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“…we’ve got some tax losses that could be quite valuable in the right hands and to others in our space…”
Sounds like some of Nick's 'discussions' in Oz may have been with other parties looking to utilise the tax loss.....would be a significant cash injection to ECR if we can find a way to transfer them.
…….more of the same please….. https://x.com/dds_docholiday/status/1756953054736212251?s=46
……. https://x.com/dds_docholiday/status/1756959415943438377?s=46
Creswick returned some excellent results, market yet to latch on to the news, nice
…….looks like the same results we had in 2019 after the whole of the bag retests at Creswick…….excellent and The BOD discussing the tax benefit , dare I mention the JV word again? ……..very quite in here today 😉
RNS OUT BUT NOT SHOWING!
41.03 g/t is an excellent result and with gold across most holes this is an excellent step forward.
Seems like Creswick is well and truly back in play, and they have 10+ target sites already identified for further drilling at Creswick.
And drill on site at Cuboid Hill so should get confirmation that drilling has started there shortly.
Another fail by LSE who have not posted the RNS on this site ......not the first time they have failed to do this for ECR.
After these significant results, what does the next exciting chapter for ECR Minerals start to feel like ask @TMSreach
“…we’ve got some tax losses that could be quite valuable in the right hands and to others in our space…”
Full article with Video : https://total-market-solutions.com/2024/02/ecr-minerals-plc-feb-2024/
Video Interview only : https://youtu.be/G4sJEHN8Nxo
HIGHLIGHTS
● Significant increase in gold grades overall with the best result now 41.03 g/t Au over 1 metre.
● Several other significant results including 10.26 g/t Au, 8.46 g/t Au and 6.22 g/t Au.
● Importantly, the bulk sample results show contiguous gold over multiple metres - of particular note, approximately 4.4 g/t Au average over 3 metres in hole 1 (between 36 - 39 metres depth).
● Bulk sample testing has indicated both greater prevalence and higher grades of gold.
● This phase of drilling completed on time and on budget and second phase of drilling at Kuboid Hill, Creswick now underway.
Bulk samples from the 20-30kg 'leftovers' from the preliminary drilling results were concentrated in a dry blower with subsequent panning consistently showing visible gold. Pan concentrate samples ranged in weight between 0.29kg and 1.79kg. A total of 32 samples were selected for testing from 1 metre intervals that showed anomalous gold.
The rig is now back on site at Kuboid Hill as the second phase of the Company's drilling programme in Creswick gets fully underway. Further announcements will be made in due course.
Very Nice Indeed ….
Mike alluded to the outstanding REE sample results being available possibly by the new year (about two weeks prior).
They are yet to materialise?
Exploration has been undertaken by methods of stream sampling (heavy pan concentrate sampling), rock chip (outcrop mapping) and soil sampling over prospective ridgelines. The Lolworth Project covers over 900 km2 of exploration ground. The host rocks have undergone some degree of alteration by intrusive rocks and pegmatites and hence are favourable for exploring for multiple commodities. Approximately 700km2 of the project has now been initially explored by stream sampling. Gold, Niobium-Tantalum and REE (in particular Neodymium) are the main commodities discovered from the stream sampling programmes. The gold prospects of interest are named Gorge Creek West, Gorge Creek East, Reedy Creek, and of recent discovery Flaggy Creek, Butterfly Creek and Reedy Creek West. The main focus of Niobium-Tantalum exploration has been at Oaky Creek.
Eodymium?
Neodymium Prices – Historical Graph [Realtime Updates]
The price of neodymium is projected to average around $50,000 per metric ton in 2023. It is anticipated to increase in the following years, reaching an average of approximately $56,000 per ton in 2024
If that was a 12.5kg ingot ( LBMA Good Delivery ingot mass ) and there are 31g per troy ounce of gold... then that would be 403oz ($818,548) worth.
If 'shoots' average 31g/ton ( high I know but...) then 403 tons of shoot would hold that 'bad boy'...
Just a thought..
.......on their X feed again (heeere's Jonny, mental🥴)........https://x.com/ecrminerals/status/1755624429243998519?s=20
...........but surely you knew that mental ?😔
Mental, We are very unlikely to get 10m+ widths as it's a narrow vein system.
We can just hope for high grades over the narrower widths (and at shallower depths that need less grade to make them viable).
The narrow veins are not an obstacle as the Ballarat mine at the south end of the DMS, which is a narrow vein mining operation, has been operating profitably for years
$2030....fat fingers
1m at 40g/t is the same as 10m at 4g/t
1m at 20g/t equals 5m at 4g/t
The world over there are multiple companies shift shedloads of dirt to process 1, 2, 3g/ton resources
Finding shallow double digit veins, shoots or whatever you want to call 'em is fine.
What you then need is the cash to dig 'em out and process them. ECR not well placed for that.... but others will be. every new discovery adds to the appeal. POG £2030....
You can keep up with the cold water but in the end they WILL get a bite. Simples.
Sometime next month probably I imagine. Weren’t the bulk samples the ones that got the really high grade last time round? You never know! I wasn’t overly impressed with the core results, we never seem to get past a meter’s width do we 😞
............what do you reckon Doc's definition of "shortly" is?....................."The full results of this bulk sample testing are expected to be completed shortly.".........."The full results of this bulk sample testing are expected to be completed shortly."
Soggy cornflakes
What has not changed?
Great locations. High prospective. High Gold price.
Haddock…look at other factors..
What has changed? Management. Attitude. MCap.
Good post haddock.
There is a charm to clinging onto hope against the odds, we've all been there (I certainly have). Ultimately the frustration lies with the company for not delivering anything substantial. sycophantic praise and/or finding irrational reasons for excitement (Doc hasn't posted for a few days etc etc) won't help anything.
Ti, it would be good for everyone for ECR to rebound, but don't end up like Jack Nicholson in The Shining, staring vacantly at every tweet with a grin and an eye twitch.