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So seems like:
- a single application for an exploration permit, pending since 2019, over 8 square km only
- no project information on website
- no technical disclosure in Annual Report (which the auditors would require if it is a material asset)
Not interesting.
Research in depth , been carrying out research over at KDR past 11 years on every release ,google ,Tukes ,cross ref ,
Conclusion is CGNR hold some of the riches Gold fields in Finland and that's all taboo plus copper
Also worth looking at in Finland Rio Tinto Exploration OY has been collecting licenses all over Finland very near CGNR /KDR LAND
RIO /KDR ended the agreement in june 2020 when it expired ,coincidence KDR have been waiting on land compensation ..
for the same amount of time and now should receive the full mining license this june 🦊
then both sister may get a deal in Finland ????? 🤔
Rio could take over eastern ,central and northern parts of Finland in one clever move
all locked down .
we shell see ???
According to information submitted to TUKES by CGNR as part of the approval of the prospecting permit ML2019:0058
- Based on the ore exploration, the ground is very unusual in terms of deposits. further research was needed to determine the main source of the exceptional gold bearing deposits in the bedrock. Gold content abnormal and according to the plan submitted by CGNR over the last three years the gold content was to be determined by bedrock drilling, rock and soil sampling and trenching. The drilling was to be supervised by the GTK, or another party on behalf of the company. The drilling equipment was to be a drilling unit moving on tracksand an ATV trailer used for maintanence transport. Drill cores were to be transferred elsewhere for examination. Gold discovered 10.5 g/t and exceptional in the bedrock.
Remember CGNR also applied for an enforcement order for the prospecting license, so they were keen not to be delayed.
This is Karhuaapa in Sodankyla and is 794,91ha.
I think they spent 48,000 euros on the mag survey too.
I wonder if many CGNR shareholders are even aware of any of this.
The targets shown by the ground magnetic survey include two highly magnetic bodies, which are
considered to be IOCG targets, together with a series of targets which are interpreted as being Shear
Zone Hosted Gold targets.
The detailed high resolution ground magnetic survey consisted of 33 lines at 100m separation, ranging
from 1km to 3km in length, for a total of 49 line kilometres covering an area c.4.5 km2
.
Remember ......the KDR confidentiality agreement provided KDR (which means also provided CGNR -same geologists and management) with ÂŁ50m worth of private data out of the ground in Finland from Rio Tinto. The tranches of confidential data which was made available to KDR was information for all minerals , not just diamonds. CGNR also got that data, but that never appeared to register with CGNR shareholders. Remember they spent 2 years studying the data before they started locking down the best ground. In my opinion CGNRs Finland ground is a big deal. I suspect we may find out why this year.
Remember this RNS from CGNR in March 2021. This was about having the targets drill ready. I suspect all the prep work done for Rio Tinto with none of the attention. Think about it.
DRILLING TARGETS CONFIRMED ON FINLAND GOLD CLAIMS
ď‚· High resolution ground magnetic survey completed
ď‚· Potentially gold bearing structures identified
ď‚· Survey delineates multiple prospective magnetic targets for drilling
ď‚· Applications to be made over other gold and copper targets identified in Northern
Finland
Conroy Gold and Natural Resources plc (AIM: CGNR), the gold exploration and development company
focused on Ireland and Finland, is pleased to announce the completion of a detailed high resolution
ground magnetic survey which has identified a series of drilling targets on its gold exploration acreage in
the Sodankylä area of Northern Finland. The Company holds a total of eight gold exploration licences in
Finland.
The high resolution ground magnetic survey data, in combination with multiple datasets, including
geochemistry, aerial photography, digital elevation data and airborne geophysical data, has delineated a
series of prospective drilling targets.
Previous geochemistry in the Company’s permit area in Sodankylä has been encouraging with gold-in-soil
values, of up to 4,470 Au ppb, and copper-in-soil values. Gold grains have also been observed in the till.
The presence of the Nattanen granite suite and extensive haematitic alteration together with regional and
local structural controls indicate Iron Oxide Copper Gold (“IOCG”) prospectivity.
I suspect CGNR Finland prospects are being held for another party, the same party that KDR are holding Liperi, Salla, Japilla for. There is a reason CGNR have not mentioned Finland in years. Remember the Rio Tinto confidentiality deal with KDR included gold, which confused many. This may all become clear soon.
And evidently they all passed. There are only a few "majors". And they look for tier 1 projects. This is not tier one. They love sending their teams out to projects to gather intel but very rarely do deals. May as well accept it. Why release irrelevant zinc results if there is another "transformational" deal in the works?
Before Demir and before COVID got in the way "major companies coming to do site visits"
Unless you’re holding for a Major
They have a prospecting licence in Finland which is in application for an extension. €26k spent there last year. Not even a mention of any Finnish geology or prospecting results in the Annual Report. It is irrelevant.
The gold in Finland could be very interesting but nothing has happened for years. You never know until the drill turns.
Do we ignore as a distraction the 8 gold license and copper in Finland also?
đź’Żall CGNR
🤷
"The drill hole intersected 30.0 metres at 0.42% combined Zinc and Lead from 9.0 metres including 3.0 metres at 0.83%"
By way of comparison, the combined grade at nearby struggling Tara Mines 15Ă— higher at 13%. And all this chatter of a KDR merger with a massive Cu/Ni/Pt province in northern Ireland is just distraction.
CGNR just need to stick to the business in hand.
This isn't important compared to the gold
it is !!! adds another wing to CGNR plus attractive to Major
ÂŁ7.50 GALMOY a share was sold for from the Prof
Demir young geologist may return prof mentioned ,
Dermir expertise is base metals
Add to sister company Nickle Copper platinum and its a full house
This isn't important compared to the gold.
I wonder why they were at PDAC in March. I think they already knew then that they were never going to get mines built with Demir. Already sounding out partners then and had considerable interest. Know it will be much more straightforward with 100% of the licences back.
Very concerning if this is the best they have to report. Placing can't be far away now.
Look at the end of the day faith in this guy (and me lol) has lost me ÂŁ100k + in CGR/CGNR which is about 40% of my life savings. It will have an impact on my retirement! But Heyho it is what it is! He's crap on gold....but his success lies with base metals (primarily Zinc) and oil so will the phoenix arise?? GLA
Two gold districts and now Base metals combined wow
Sister KDR 750sqklm Nickel Copper ,Platinum Northern Ireland.,,,
massive and i think they know already its very exciting !!!
Zinc and lead mineralisation intersected in two scout drill holes
30.0 metres intersection at 0.42% Zn + Pb from 9.0 metres
1.0 metre intersection at 1.05% Zn + Pb from 20.0 metres
Drilling results confirm mineralisation in extensive (20km2) zinc zone
Provides Board of the Company confidence that further drilling is warranted
Conroy Gold and Natural Resources PLC (AIM: CGNR) is pleased to announce results from two scout drill holes on its Mountain Lodge base metal target, in Northern Ireland, in the northern section of the extensive (20km2) zinc zone which the Company has discovered in the Longford - Down Massif in Ireland.
The Mountain Lodge and adjacent Wolf Island base metal targets are located to the south east of the precious metals target area at Clay Lake where the Company has made significant gold discoveries.
The two drill holes, (ML-22-004 and ML-22-005), totalling 464.0m, have tested a 275 metre portion of the 800 metre wide section of the Zinc in soil anomaly at the Mountain Lodge target.
Drill hole ML-22-004 was drilled to a down hole depth of 182.0 metres, at a 50 degree dip. The drill hole intersected 30.0 metres at 0.42% combined Zinc and Lead from 9.0 metres including 3.0 metres at 0.83% Zinc and Lead combined from 34.0 metres.
Drill hole ML-22-005, 100 metres to the east of drill hole ML-22-004, was drilled to a down hole depth of 264.0 metres, at a 50 degree dip. The drill hole intersected Zinc and Lead mineralisation including 25.0 metres grading 0.26% Zinc and Lead combined from a down hole depth of 11.0 metres and including 1.0 metre grading 1.05% Zinc and Lead combined from 20.0 metres.
The two scout drill holes demonstrate that wide zones (30 metres and 25 metres) of Zinc mineralisation are present at a low grade. Only a 275 metre portion of the 800 metre wide section of the Zinc soil anomaly has been tested to date. This leaves over 500 metres of width to the West, where some of the highest Zinc in soil values (3,700ppm Zn) have been returned.
Further drilling of the anomaly to test for higher grades in this large Zinc anomaly will be carried out.
The sphalerite (Zinc ore) mineralisation at Mountain Lodge occurs in fractures around small shear zones as well as in quartz veins.
Zinc and Lead intercepts from drill holes ML-22-004 and ML-22-005 at Mountain Lodge include:
Why are the derampers out in force. Maybe they are worried. A number of major companies were interested last time and a number will be again.
Wow, staggering how you have flipped. Wish I could be bothered going through the old threads where you tried to cancel me for any suggestion that Demir were anything other than the best partner in the world. Wow.
If they were so awful for this, you would have to question why the company went into business with them in the first place? And then even though they were on a JV committee and operator, CGNR just let them drill in all the wrong places? Why, only a couple of weeks ago you were telling us Phase 2 was a given.
Demir were never suited to this. They may have thought that another big partner could come in but they would need to spend more money and even then it is far less attractive for another company having to give up a big percentage to Demir.
This sums up Demir as gold miners. 93,000 ounces in all those years. We can do without that kind of track record.
https://www.demirexport.com/en/proje/bakirtepe-altin-isletmesi-1
Great analysis Catbert. I couldn't give a **** what you think.
The prof has cultivated a good number of very loyal shareholders. So much so that the negative news (the departure of Demir) has been spun into a positive.
For the life of me I can't see how. If there were anything economic within sight anywhere Demir would still be on board.
Demir could be wrong of course. The Fosterville comparison and the attempted comparison to the Kingsway and Queensway Projects at New Found Gold by the Prof is somewhere between laughable and simply cruel.
These guys drill 100,000m a year and have grades and thicknesses comparable to Fosterville, CGNR does not.
CGNR is still an explorer. It may find something great but currently it has nothing worth the investment of Demir. No mine . Nada. Not even at Clontibret.
If the Clontibret mine was a reality then project level finance could be found for it. Clearly PIs are missing some crucial information and one must assume that Demir were not.