George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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https://www.miningstockeducation.com/2022/07/erdene-continues-to-outline-ulaan-feeder-zone-intersects-27-metres-of-3-5-g-t-gold-including-2-metres-of-24-9-g-t-gold/
Some really impressive intercects from Erdene at their feeder zone at Ulaan discovery in Mongolia. It’s no wonder Colin could hardly contain his excitement with the gold potential at ascot.
As we know, Ascot also contains silver and moly, which were all shown to be strong in content and suggested being close to the feeder due to the higher grades. Some of the focus will be on this mineral feeder system at ascot when operations resume with further metallurgy test work already planned since Jan. Can only wait to see how comprehensive drill planning will be in what appears to be an area of notable importance. Hopefully they will go over the next steps at Ascot soon.
Don’t know if or how the geology differs from Ulaan, but If they can find anywhere near that kind of increase in grades then boom!
Agree flipper I actually had the sense the company were holding back with all the shouting from the rooftops when FB finally started up. Its like they didn’t want to steal any of Empress’s thunder! Maybe they felt it would have been rather rude, but I suppose after all, they did the hard bit and put up all the plant money.
All the videos from the diggers n dealers event are on their youtube channel. Sandfire and Newcrest ones were fairly informative unfortunately neither of them mentioned an upcoming acquisition :(
https://www.youtube.com/channel/UCeSnbgsRrmmHjFxtw-BtDpQ/videos
Bit of news from Oz is that Caravel Minerals based in WA and with a porphyry perhaps similar in size to Racecourse currently have their shares in suspension awaiting news of a capital raise. Could be placing or could be a major taking a stake - will be interesting to hear what it relates to.
https://newswire.iguana2.com/af5f4d73c1a54a33/cvv.asx/6A1102885/CVV_Suspension_from_Official_Quotation
Can't be any worse than the current marketing strategy. FB probably the best kept secret on AIM.
As well as 'Porphory's Rock' printed on the back .. I'm thinking we might need the T -Shirt's to also have images of sundry 'frilly knickers/panties/ thongs /Mini/Micro skirts etc' alongside 'BushRanger' printed on the front towards real winning marketing !
Are we buying SOLG ?
Here is the website for the Diggers and Dealers event currently taking place. ( https://www.diggersndealers.com.au/ )
We are not on the programme.
Not sure what Ella is on about. Why would rumours be flying for a company not appearing at the event, when there are 50 others vying for attention. Would love an explanation of such a (currently) unfounded comment.
Don’t get too excited it’s just a deal with a distributor to export the new line of Bushranger merchandise. It’s the new marketing strategy they are trying, T-shirts, frilly knickers/panties/ thongs /Mini/Micro skirts etc big silly hats and fridge magnets with the choice of RC or Ascot on the front of shirts and the slogan “Porphyry’s Rock” on the back.
The Taiwan situation should keep the gold price up which is all good for our finances. Would be nice to hear rumours regarding a BR sale ?? but nothing currently showing in the shareprice to get me excited.
that doesn't sound like it has anything to do with ''frilly knickers/panties/ thongs /Mini/Micro skirts etc '' Ella ?! ..so best I leave the diggers and dealers event to the Einstein's here .. and me just keep my focus on what I'm good at ..
Maybe just a link Ella ?
Or a PM..
Go on....
Hi NTM,
I guess you haven't heard rumours about a deal from the 'Diggers and Dealers' event which is currently taking place?
production In Fairbride is close on my total focus here around this time.... and a smooth production build up there is all I care about for xtr.l in the next 7 weeks or so, in truth.
Conceptually, I'm very open to topping up here at anything sub 3.5p .. but even if I have to top up higher, I'm now more inclined to wait until I see a first 'good' months Gold production from Fairbride.. which I'm hoping will be September.. but decent in August would be lovely and a top up trigger for me too, perhaps...
Generally, right now I value Africa assets at approx 2p .. leaving Bushranger at 1.5 p ish currently, alas.. of course I get that Bushranger, in due course, could/will hopefully be many multiples of that.. but, if there were slowness /issues at Fairbride in August/ Sept , and nothing meaningfully positive updated on Bushranger in that same window.. this s/p could now go into the 2'sp even, imho .. annoying as that may be .. and short term as it might be too granted.. but, for a guy with a keen focus on range trading as a part of any bet they have in play, that's a thing - to me -... far less so the big picture Einsteins here who don't get out of bed unless it's towards the 100's of k bet wins, I understand .. but each to their own ways/means !
PS: Apols if any offence taken on the frilly knickers/panties/ thongs /Mini/Micro skirts etc yesterday..all to a technical debate end only, of course.. and understood less can be more.. but more can be more too, i'd offer back :-)
It’s recovered something like $500 in the last week. It looks like speculators moving in to me. Particularly with signs that the US will now sign the climate change bill after the Virginian senator s uturn and Europe and China are set to March towards electrification.
Edging towards $8k. Been a while since it was at that level and $10k is a very distant memory.
Sorry .. didn't
Sorry John
Was unsure as sometimes i don't have time to read all posts. Particularly when it's end of month. Therefore took the view better to post such an appropriate piece of news.
Hope it did bother you too much.
at least it was up today
Thanks, but this has already been posted twice on here, and discussed. Perhaps read back before reposting old articles.
Consider there are still four unidentified holes from Ascot and south of racecourse that they’re waiting on. Any of these could’ve been to find the feeder and we know one of them in particular was drilled into the deep gold. On the other hand the other holes may have tested further anomalies shown from the new, ‘still’ unreported geophys, they have been picking them off! So the geological picture could well be bigger than what has already been reported.
Certainly hope they do a webinar as before for the conceptual pit with the new IP geophys. That’s not too much of an ask.
The world is headed for a severe shortage of copper crucial to the green-energy transition as new mines become increasingly difficult to build, according to the new head of Anglo American Plc.
“I genuinely don’t see where all of this copper is going to come from at this point in time,” Anglo Chief Executive Officer Duncan Wanblad said in an interview in London on Thursday.
That drill campaign of circa 12,000 mtrs would cost about £1.8M using £150 a mtr cost (CB mentioned a year ago)
£1.8M over 4 months = £450K a month.
That does seems affordable when FB income starts to come in, in earnest, next month.
Just a guess and my opinion.
But for phase 3 i would like to see
6x500m at footrot.
9x 300m at the shallow gold in hole 37 (of whatever it was). Neither Ascot or RC.
8x800m at ascot (although this is unknown as we haven't had the deeper results back.)
Given 2 rigs it's probably 3-4 months of drilling then a 2 month lag for assays, so a delay of six months.
All paid for from good revenue.
Tb h the SP would be higher with the jorc for RC under the belt as well as the economics of a simple open pit. We will also have evidence of the gold income streams (sp 6-8p) everyone happy!
Nice short sweet and contained.