The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Will all change with a little good news.
We have had a hit....with good grades...
Rome was not built in a day...
Just one good interception and this will rocket.
We are cashed up, we have our own drill rig ... MIDAS and our own in house assay turnaround
Fosterville next door.
Let em sell and lets hoover up...
Too good to be true this ... Just like GGP when Newmont walked 2018....
them .50p shares are worth 20p now...
Selected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m,
including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m,
including bonanza grade intervals 0.5m at 137.69g/t gold and 1.8% copper from 573m,
and 0.5m at 100.15g/t gold and 4.1% copper from 575.5m
Greatland announces drill hole HAD005 intersects total mineralisation (combined intercepts) of
275m at 4.77g/t gold and 0.61% copper (275m at 5.75g/t gold equivalent*)
Two wide zones of mineralisation intersected:
118m at 3.08g/t gold and 0.84% copper from 459m (118m at 4.42g/t gold equivalent*),
plus
157m at 6.04g/t gold and 0.44% copper from 660m (157m at 6.75g/t gold equivalent*).
Results:
· HAD020: A 100m step out hole to the west of HAD014 to test for mineralisation beneath HAD005 and HAD014. Assay results (final) include:
o 122.9m @ 1.7g/t Au, 0.36% Cu from 673m, including
§ 14.6m @ 9.1g/t Au, 0.48% Cu from 705m
o 114.8m @ 0.84g/t Au, 0.13% Cu from 809.2m, including
§ 10m @ 3.4g/t Au, 0.01% Cu from 895m
o 184.5m @ 0.81g/t Au, 0.44% Cu from 1,096.5m, including
§ 27.2m @ 2.8g/t Au, 0.54% Cu from 1,134m
If we could replicate similar results I’d agree, or anything of the sort. The whole Havieron ggp story is a little frustrating to me. I think many investors were simply blessed with those results but need to factor in, your unlikely to see that sort of replication for a long time
But the best chance I believe is still CRESWICK. On a limited campaign to pull 1m@80g/t in phenomenal.
Take a look at this.
https://www.ecrminerals.com/investors-media/presentations/download-file?path=ECR%2BCreswick%2BQ1%2B2019%2BDrilling%2B%2BProgramme%2B08-02-19.ppsx
“ ?Only two holes have been drilled to test the DMS within EL006184, both in the 1990s. The results of this drilling included an intercept of 2m@12.28 g/t Au. The best previous drill intercept into the DMS to the south of Creswick is 2m@176 g/t Au.4”
EL006184 is our current license. We look close to being granted 2 licenses south of CRESWICK.
1m@80g/t
2m@176g/t
Wow. From the DMS. If we start returning. Those values, it’s game on!
That’s why I have always been so bullish on CRESWICK. And although the JV won’t be signed imminently, drilling recommencing there is huge.
Have a good evening everyone.
Thanks for this research —- reminding me why I’m sitting tight. When I think about it even if the share price was still £0.04 I’d still be sitting tight on the hope to see some of that kind of true potential... may as well sit tight at £0.017... no difference really if it can play out eventually
Yeah definitely. I’m in Antipa and their 100% owned land in Paterson has been named a possible next Havieron.
Companies need their own identify and you don’t need a 4moz deposit to make big gains. Was more thinking on the lines of GGP being 0.07p to what it is today, it’s become of the monstrous hits time after time after time. And still going.
The gains are made early on for me. If we can get CRESWICK up and running and start hitting regular high grade results (80g/t) etc, this will fly. The market sometimes doesn’t like looking at the big picture, short term results, big grades and sentiment will get this motoring.
Hopefully the license news is announced any day.
been offline for a few days but nice to come back and see the ECR/GGP board is still going strong! Funny that some people don't like/want the comparison but still keep mentioning them
Snip....and every other share they want to cross ramp ...lol
Looks like some buying momentum is starting to build back @ ECR
If that’s about me, it wasnt me that brought them up.
Looking better here today.
Just done my last top up.
Should have done it yesterday Angoose ;)
But yeah a nice 5% kind of day
I've taken the opportunity to add on this fall folks (albeit with some serious thinking about the wisdom of doing so) but the price is very cheap. Fingers crossed we have seen the bottom, and can look forward to better news/months ahead after the recent debacle. Hopefully, a positive RNS will be on its way shortly to confirm drilling at CresWick has commenced.
I’ve topped up twice at 1.66p so not all bad
Can’t afford another bean now though. Fully in
LW
It shows the potential. When borders reopened in Victoria, we mobilised MIDAS at BAILLESTON and began drilling, this shot up past 4p
Potential . 100000% but sooner or later you can run the company as good or as bad as you like, it’s all going to come down to what’s in the ground. The current HR3 assays were underwhelming. 21g/t is a fantastic strike. But on its own and with it being a very narrow intersection, it’s not enough for me to stay at Byron.
Hopefully get the legalities and necessary permits sorted for blue moon, stick a couple of holes in CRESWICK, and you’ll see movement. One step at a time.
Sold my remaining ggp and topped up here. No doubt ggp will do fantastical over time but it seems bogged down atm and with Creawick developments brewing I feel like this is a no brainier at 1.76p! It should naturally head towards the placing price regardless so any news will send this skywards imo. GLA
*fantastically
Story of my life lol... sell ggp to top up here and it shoots up! Long term this has far more mileage to multibag if the drills perform imo so happy as Larry.
GGP & ECR are BOTH cheap at current levels imo...
I suspect the gold price breaking $1800 has encouraged a buying spree at ggp hence the rise.. Should see similar here if that’s the case.
I had another 500k GGP shares this morning when it dropped below 20p....
Topped up here too....
Lets hope ECR has the same success ... All the ingredients .....
Both will do great hopefully, I just think ECR has far more potential to be life changing at current levels, like buying GGP under 2p.
Although striking a deposit the size of GGP’s is unlikely (not impossible), the fact ECR is drilling at Creswick and not rushing into JV’s (CB mentioned they’d turned offers away) gives me hope that the JB terms could be better than GGP’s.
Who knows!
GLA
Also I’m aware I’m comparing ecr with ggp.. a forbidden practice round these parts! apologies.
Blimey bitcoin, your top up in ggp is about the same as my total holding which I have accumulated over a number of years lol
Gold 1815+ and climbing. Miners back in the spotlight?!
One step at a time max
But definitely a step in the right direction. Jumps 2% to a 10 week high on the back of a weak dollar. Be great to see it push.
Always enjoyed having my money in gold stocks. Lot of uncertainty in the general market with inflation etc, combine this with the crypto boom (which I don’t think will last personally) and gold is a great insurance.
With gold breaking through 1800, it couldn't be a better time for ECR to release an RNS announcing the commencement of its drilling at CresWick together with an update re current drilling at Baileston. And if gold maintains its rise, then it should make for a decent few months ahead for ECR. We could end up in a bit of a deja vu situation towards the end of this year i.e. talking about a JV but this time with all the building blocks in place thereby giving us more conviction about it.
As we have all been saying, the drilling results are going to be key. If we get another decent hit at CresWick, then it's very much game on again for ECR. GLA
Would you stick 6-8 holes in the 2 new tenements, or would you revisit EL006184 and try to replicate and find the source of the 1m@80g/t
Perfect opportunity to top up as discussed. Gold on the rise, new licenses, Creswick drilling, more Bailleston drilling and results.