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1p paid. The road to rags begins today/tomorrow/someday over . Good luck And May
And he ups his stake. Thankyou David . Perhaps things are looking up. At long last And May
Shock & AUR . A little busier by the day . Maybe something to do with ORM Good luck And May
AUR !
What's going Down!
I can see blue, horaaaayyyyy .... But why?!
18 June 2014 AURUM MINING PLC ("Aurum" or "the Company") Update on the Morille tungsten project Aurum Mining plc (AIM: AUR), the gold and tungsten explorer, notes today's ASX announcement by Plymouth Minerals Limited (ASX: PLH) ("Plymouth") concerning the Morille tungsten-tin project in North West Spain, in which the Company currently has a 20% carried interest following its farmout deal with Plymouth. The Company is pleased to report the following information which has been extracted without material adjustment from the Plymouth announcement. Highlights -- The first phase drilling programme at Morille has now been completed and all assay results have now been received. 61 Reverse Circulation ("RC") holes were drilled as part of the programme, totalling 3,982m. Plymouth is highly encouraged by numerous significant near-surface scheelite intercepts and the programme has identified multiple follow-up targets for future exploration and resource definition drilling. -- Significant assay results from drilling programme include; o 4m @ 1.29% WO(3) from 61m and 4m @ 0.31% WO(3) from 68m (MAC-RC 046) o 2m @ 0.30% WO(3) from 18m (MAC-RC-045) o 7m @ 1.28% WO(3) from 67m (WES-RC-040) o 6.25m @ 0.29% WO(3) from 26.75m (DDH M010) o 1.45m @ 0.95% WO(3) from 19.35m (DDH M001) o 5m @ 0.24% WO3 (incl 2m @ 0.42% WO(3) from 28m (MAC-RC-009) -- Shallow high-grade scheelite mineralisation has been proven in situ both outside of, and as extensions to, the historic operating mines on the Morille project area. Results validate that historic mining at Morille was constrained by landholders and not mineralisation/mine depletion. -- 6 of 16 historic mine areas within the 57km(2) tenure were targeted in this first-phase Sean Finlay, Aurum's Chairman, said: "As previously noted, we have been impressed by both the speed and scale of Plymouth's initial exploration work on the Morille project and the results to date are certainly very encouraging. Clear targets for follow up drilling have been identified and the prospectivity of the large project area is highlighted by both the results from the drilling done to date and by the fact that there are a large number of target areas still to be tested. Plymouth's strong financial position and the experience of its management team at progressing tungsten projects were two of the key reasons in Aurum's decision to partner with Plymouth on the Morille project and the work carried out to date enforce the Board's view that Plymouth will add significant value for Aurum's residual stake in Morille. We look forward to keeping the market updated on progress at Morille." Qualified Person Sean Finlay, Professional Geologist, Chartered Engineer, Chairman of Aurum Mining plc, and a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies, June 2009, of the London Stock Exchange, has reviewed and appr
Whilst still a shareholder here am resigned to it being a very very long journey...
It's so peaceful here. I don't know any other bb where a decent rns would produce no comments. Am I the only sailor left on board the Marie Celeste perhaps
Based on the recent results when will this company be turning the lights off ? With little money left how will it survive past a few months? Junior miners share prices are being smashed across the board with many tipped to go bust this year. Aurum has to be a major contender?
Based on the latest results in September the company has about 250 grand cash - lets assume that is now closer 200 grand. What is going to happen in Q1 2014 - will a placing be coming?? If so at what discount? The grades were good in Spain but realistically will a mine ever get into production in Spain - permitting nightmare? Or will this company be acquired and a completely new strategy to follow? If the later is a possibility then substantial dilution could follow. Or if a placing could be worth buying more if the Spanish strategy has legs. Given the brutal state of the resource markets its hard to say if this stock will just slip into oblivion or not.
FYI.........what's changed...
So the rise yesterday did have substance. Still very under the radar here. Think I might treat myself to a few more.
It's says its near the surface that means cheap means of getting it up. Now if that doesn't attract funding what will
That's why I entered here as cabeza is the project that really catches my eye I said it yesterday and I'm pleased to have it in black and white that they think the same , now I'm really looking forward to next year I know this isn't going to happen over night, they will get this going I'm sure of that . That's why I'm in early 141 million shares in issue and small mc what's not to like ATB
Just checked my portfolio and pleasantly surprised to see I own 200,000 of these little beauties and held them fir a while now - so thanks to whoever it was who recommended this to me....
Is cabeza projects that really makes me like this company the fact that Plymouth min have completed there bit,next year looks very promising
DYOR here because with only 141 million shares in issue and a small mc this could be heating up for next year ATB
Afternoon I got in this morning and I'm liking what I'm seeing. Lots of potential to re rate and doing some research of my own I feel next year could be very interesting.
Nought without the permits.. Not de ramping. Ben in Ormonde for four years and lost a packet although still holding. Will leave the shares to my great grandchildren..This rise is just a blip..