Firering Strategic Minerals: From explorer to producer. Watch the video here.
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That is only the first area to be surveyed - most of the Eastern desert to follow
See these 2 LinkedIn Posts:
3D Consulting-Geo GmbH and researchers from the region are delighted to announce the initiation and execution of our pilot project across the Arabian-Nubian Shield (ANS).
https://www.linkedin.com/posts/web3dmt_egypt-saudiarabia-geophysics-activity-6983788924661866496-2YCl
Early in the morning or late in the evening, both are pleasant to setup MT sites in such hot weather in the Eastern desert of Egypt.
Thanks to the team of the NRIAG- National Research Institiute of Astronomy and Geophysics in Egypt who are supporting us in this pilot project
https://www.linkedin.com/posts/dr-naser-meqbel-b1267385_early-in-the-morning-or-late-in-the-evening-activity-6986746421299310592-tVH6
The process is called 'long periods magnetotellurics method (LMT)'
Wikipedia says:
MT is used for various base metals (e.g. nickel) and precious metals exploration, as well as for kimberlite mapping.
INCO's 1991 proof-of-concept study in Sudbury, Ontario, Canada sensed a 1750-meter-deep nickel deposit. Falconbridge followed with a feasibility study in 1996 that accurately located two Ni-Cu mineralized zones at about 800 m and 1350 m depth. Since then, both major and junior mining companies are increasingly using MT and audio-magnetotellurics (AMT) for both brownfields (near known deposits) and greenfields (uncharted land) exploration. Significant MT mapping work has been done on areas of the Canadian Shield.
Interestingly under the LinkedIn comments the lead surveyor Dr Naser Meqbel says: 'Definitely conducting seismic (and any other geophysical method) in our study area will add value to the interpretation later.'
So that 3D seismic survey Centamin conducted back in 2019 - which shareholders have yet to be given access to - is of value, after all.
Also of interest, Lotus Gold exploration manager asks if this survey data will be made public, to which Dr Meqbel replies 'Once the data/results get published, sure we can make them public. However, we need to follow the data-sharing policy of the countries where we are measuring.
That's more than we can say for Centamin.
I ask again - why hasn't Mr Horgan shared key exploration data with Centamin shareholders, namely:
1) the results from both the recent airborne & older seismic surveys covering greater Sukari
2) the deep step-out drill results at Sukari (which would either confirm or call in to question the extensions of the Sukari deposit to the north/south) that drilling was done in 2020
If it comes to light this data was kept hush-hush for the benefit of a third party (like Barrick) in order to suppress Centamin's share price we'll know for certain Mr Horgan isn't the upfront and honest CEO we all hoped he was - but by then it will be much too late
Hi Cowichan
Your posts are and have been of interest as to their veracity and technical exactitude and an incite into the Gold mining industry of which I have little or no knowledge,
Hi Cowichan
Your posts are and have been of interest as to their veracity and technical exactitude and an incite into the Gold mining industry of which I have little or no knowledge,
i have held Centamin since it was a map on the wall and held when it went below 30p . Sadly did not cash in at £2.20+ but eye off the ball at that time due to shorting Banks on the other side of the Book . However the question is what I have posed here before . Why would Horgan wish to court any subservice acquisition by Barrick or other Tier one . He is not driven by financial gain (wealthy in his own right and rejected pressure to take his Aussie venture public believing less than its value) Pardey et al ( non execs hang your head in shame) Centamin is a minor part of my portfolio but I am becoming increasingly interested in acquiring at the dips (refer3ence recent divi reinvestment).
Please continue to advise this board , I for one take your posts very seriously .
Kindest regards Bob
thanks for the honest reply bobliz35
I will admit it is simply industry whispers and a bit of speculation on my part as to Mr Horgan serving two masters - what isn't speculative however is the inability or unwillingness (take your pick) for Centamin to be forthcoming with exploration results that its shareholders have bankrolled
Besides the absent step-out drilling and 3Dseismic survey results at Sukari we've also been denied an explanation as to what became of the Konkera/Batie West resource in Burkina Faso.
In the July 2022 corporate presentation Batie is there and the next presentation its deleted.
https://www.centamin.com/media/2844/cey-investor-presentation_190722_final.pdf
https://www.centamin.com/media/2858/cey-investor-presentation_150922_final.pdf
My contention is that these sorts of things aren't simply honest omissions or even incompetency. Remember it was under Horgan's management that a million ounces were deducted from the Sukari open pit resource only to be added back and proclaimed 'discovered ounces' a couple quarters later. That's complete self-serving manipulation of data - dishonesty cut and dry.
But back to Batie West - incompetency doesn't begin to account for a several million ounce gold deposit just disappearing without so much as a word from Mr Horgan as to what happened - i.e. why they couldn't strike a joint venture deal or firesale it at any price
IMO this level of secrecy and denialism is to me the height of mismanagement and duplicity if not criminal negligence - what do they think fiduciary duty means - to sh*t on shareholders capital?
Of course I too hold other investments inside and outside the resource space - but only Centamin has displayed this level of consistent corporate ineptitude as to warrant scathing criticisms ad nauseum. What keeps me invested is the virgin mineral potential Egypt holds. Will it be Centamin that's around to deliver? I honestly don't know.
A bit of speculation from myself.
Tells all , speculation
thanks for the input mizolgit !
just to be clear - there's also speculation going around that Centamin has been in talks with B2Gold - can't confirm of course cuz it's unofficial rumors at this point
two of the folks 'supposedly' instrumental in the approach are Mr King
https://www.linkedin.com/posts/victor-king-a53a0815_im-happy-to-share-that-im-starting-a-new-activity-6986187904486125569-7QFU
and of course Mr Johnson
https://www.linkedin.com/posts/b2gold_worldmentalhealthday2022-mentalhealth-mentalhealthawareness-activity-6985293886063599617-YWnj