Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Not long now just waiting game, looks like EEE have good news today
Thanks Trek.
Qd2,
It’s like fracking so a chance of an earthquake, lol! But the risks are v low. No environmental scars. Fully ESG.
The chemicals used are natural and FDA compliant. Read the whole presentation. It’s very impressive and I think miss understood
Trek
Trek, with regard to ISR, which sounds very interesting and much further along than I had realised, does it leave a structural weakness due to what has been extracted? Or is that too small to be significant? Maybe you can pump it full of extracted CO2 - or radioactive waste?! And charge even more for it!
AquaSulis01 - I was asking on here the other day how ECR had identified the current drilling targets at CresWick, so thank you very much for sharing that 12:21 post. Really helpful to read that.
And potentially round the clock cheap extraction!
Check this out. No reason why Bailieston and Creswick couldn’t adopt ISR techniques. That would mean a significant reduction in Capex...
This is being trialled by THR (where I have a small position). The process has been used since the 60’s but now it’s much more refined and THR have been given a grant by Oz government to trial it. I really think this could be a paradigm for ECR. No need to truck ore to Fosterville!
With a rising gold price, quicker time to market and hugely reduced AISC’s the ISR methodology could provide significant SP lifts for adopters of the technology!
https://www.enviroleach.com/conventional
Trek
Legalwolf - you are spot on, I hope people take note. At the moment I visit this BB less and less - it's the same few people saying the same things over and over with slight nuances and some with downright contradictions. I am a long term holder and used to find this board infomative and constructive. I'll come back in a week or two when hopefully we have some positive results and something constructive to discuss. Thanks again for posting some sense.GLA
For the record I am feeling optimistic and have added several hundred shares over the past week but the tooing and froing of debate, much of which had been repetitive, had become tiresome. I am not complaining about the First Amendment.
Daramuda - The forum is for all views and opinions. good/bad/indifferent. And if investors for whatever reason have concerns or reservations about the standard of drilling or the results they'll return, they shouldn't be encouraged to "pipe down". All views are welcome imo, as long as they're genuine views and not intended as a deramp, or used to deliberately derail the thread. It's a risk/reward play and with that, your going to get hurdles and stumbling blocks along the way
For the record, I'm feeling slightly more positive about the campaign at HR3 from the recent comments in the RNS. But the grades will do the talking, just like Creswick
Golds on the up...
SP is down
Legalwolf - may I say what an admirable post. I have rarely seen so much garbage written about a stock in the long time that I have been investing. As I said yesterday, much will depend on the recommendations of the two geologists and then, as with anything in life, luck.
Those who fancy that the result of drilling will be successful should add to their holding. Those who don't either sell or pipe down. Those who are neutral just wait and comment about the weather. Unlike many posters, I appear to have plenty of other things to deal with.
Ignore the daily fluctuations, the sp will either soar or pull back on diamond drill results from Bailieston and Creswick. For me I think it highly significant that ECR has chosen to hire a drilling rig to run alongside their own cheaper to run rig rather than wait for Baileston drilling to conclude. Also, the target at Creswick has been carefully selected following the completion of further geological sampling.
"Business Operational Update 14th Sep 2020
Creswick Project
Drilling conducted by MGA in 2019 at the Slades Reef prospect covered 300 metres of the 12.5 kilometre strike length of the Dimocks Main Shale (DMS) within ECR’s granted exploration licence (EL) and EL application areas at Creswick. This drilling encountered complex structures at Slades Reef; the cross section shown in ECR’s announcement dated 21 June 2019 showed drilling into interpreted faulted and parasitic folded DMS on an overall west-dipping limb.
Diamond drilling can be utilised to test this structural hypothesis and test the gold-bearing structures identified at Slades Reef where key faults intersect the anticline. Elsewhere at Creswick, field mapping and geochemical sampling could be used to attempt to delineate the surface expression of shoots to the south including Jackass Reef and Mills Reef ahead of potential drilling of these targets."
"12th Jan 2021 Exploration Update
Creswick Gold Project
MGA is also keen to follow up on previous drilling results at Creswick, where individual samples returned assays as high as 80.97 g/t gold over one metre (announced on 5 November 2019). Drill sites have been determined and approval has been received from the relevant government authorities. . In Q4 2020, MGA completed a soil geochemistry survey of the Jackass Reef prospect at Creswick, the results of which will be of significant value for drill targeting in that area at the appropriate time. Alongside exploration work at Creswick, ECR is continuing discussions in respect of potential corporate transactions including potential joint venture arrangements. There can, however, be no certainty that any transaction or agreement will occur."
As I have said before, this is very much crunch time for ECR. We are entering what I think is one of the the most critical and defining periods for ECR since 2019. Both of ECRs flagship projects are currently being drilled. The credibility of the CEO, the statements about the JV, the situation re the licences, the unexpected placing, the arguments on here, our views about individual posters - absolutely NONE of these things are capable of influencing whether the drills hit gold. If they do hit gold, then we know what will happen to the sp. If they don't, then ditto. We will find out the answer in a couple of months. Most of us will know then whether we want to continue with ECR as a long terms investment, and we will have more drilling results upon which to make that decision - the only information that matters.
I can understand why a bb for a junior explorer might end up with some heated discussion when there is not much going on, but when the drill is in the ground and is going to provide us with the ultimate answers/information about what really matters i.e. do we have gold in these much touted licences or not, it is less understandable. The ONLY thing each of us needs to worry about right now is whether you want to wait for those results, or trade out beforehand, or a bit both. That has to be a personal decision based on your personal investment strategy/personal confidence in ECR. This is not an exercise in synchronised swimming where we all have to act/agree in tandem with each other. So let's not get overly worked up about stuff and about each other. All is going to be revealed/answered in the coming weeks/months. GLA
Hopefully today is another of those false drops (where the bid stays the same) but spread narrowed to look like a bit of a drop until end of the day when it pops back up with a large buy printed.
Not that the daily fluctuations matter much to me but always nice to see the SP heading north.
JTB you are the most boring poster I see around these boards, your emotions are like a yo-yo in regards to sentiment. Give it a break. From running around spouting GH as a new CEO for a number of companies to now berating companies for not doing what you expect. I can't figure out if you've been investing for 5 minutes and have no clue on how things work, or if you are just a lonely old guy with nothing better to do, or both. Either way no one cares
Can you go just 1 week without cross-ramping across these chat boards?
Ohh great to see some raw drilling action!
;)
Great info for new investors Fill and AG....2 drill campaigns...5 million in the bank....great assets....low mcap...huge opportunity to enter here and make real gains.
JTB - I do agree and believe CB knows he made a mistake. I'm not brushing it off and forgetting about it, but I need to move on with my investment and feel confident again at some point. Like I've mentioned numerous times, the results from the last couple of months, if used correctly, could have been real Catalysts for the company and SP. We now have £2m extra in the bank and drilling has continued at Creswick.
I do believe he could have spun this in a way where the SP didn't drop 50% since the year started. However, saying we're fully funded and the advanced talks on the JV built up a level of understanding that just didn't come true
But like i say, all of the above taken into consideration, I'm happy with the near term progress the company are making at both projects. It's time for the grades to start doing the talking
Another article from 2017 confirming Boucher credentials when Fosterville mine was just a tiddler at 1mill OZ :-). Note, this is why we have our fantastic prospects so close, ECR were one of the first movers and before Fosterville mine really starting to print money as they drilled deeper. No we have the full on gold rush in Victoria.
http://www.proactiveinvestors.com/companies/news/195044/ecr-minerals-brings-regional-expert-aboard-as-drilling-programme-begins-195044.html
ECR Minerals PLC (LON:ECR) is pushing on in the gold producing province of Victoria, where it holds several 100% licences via its subsidiary, Mercator Gold Australia Ltd (MGA).
Underpinning the developments is the leader of on-ground exploration activities, Dr Rodney Boucher, appointed by MGA in November 2017.
Boucher has extensive experience in the region and has carried out geological mapping in key zones around most of the company’s known prospects.
Boucher also brings many years of involvement with Perseverance Corporation, the developers of the Fosterville gold mine, a one-million-ounce asset next door to MGA’s Bailieston licence.
Fair enough mate. And i hope your right. Creswick certainly has all of the characteristics to make a healthy resouce
"The width of the shale and the occurrence of multiple veins in some zones indicates that potential open pit mining targets may present themselves as exploration progresses"
That's taken from the company website. For an open pit/satellite operation, you really need to be finding mineralisation within the first 100m to make it workable, and definitely within 300m
The current campaign is 2.5km south of the 2019 campaign. If we return good grades here, I'd follow up again with another campaign with some infill and continuity drilling. The holes i believe will average 100m in depth, maybe 150m. If we begin to find that continuity, I'd like them to get the Diamond drill rig and stick 1or2 holes into the guts of the system 300-500m down. Hopefully give us an understanding what lies beyond the depths of 100-150m we're working with
As for Bailleston, Blue moon is the prospect I'm looking forward for them returning to
Mood hoover alert...anything positive must be met with harping on about the past.
Get youre entry and exit right. That's something to be working on rather than navel gazing
I still have high expectations.. I expect a multi-million ounce deposit at Creswick and one of the Bailieston prospects to return a Fosterville/Costerville type mine.
The first 4 holes at HR3 and delay in JV for Creswick have set us back but my belief remains.
IF it looks like none of the above will materialise IMO then I'll sell. However, at the moment, as far as my understanding goes, its still on and my expectations are stupidly high.
Yeah, it's just a communication issue for me, which in fact, has left us in a position with £2m more in the bank and drilling at Creswick having started
It will take some time for the picture to become clearer and resources to start to martialize, but they're clearly kicking on behind the scenes and using MIDAs to her advantage. 8 Holes completed, 4 holes worth of assays to be recieved yet with more holes being drilled as we speak. Good position indeed
Hardly 'high expectations' when we're trading below 2p! CB raised our expectations in a couple of interviews (e.g. 'visible gold' from the first drilling hole at Bailieston) which helped spike the share price to 4.4p but I think we are now much more realistic imo...
Great info for newer holders Fill