Member Info for AG1989

I didn't have enough when i bought in at 8p, on the recent Dip to 10p i resolved that :D

Couldn't be happier

I miscalculated

It's 761 ;)

A couple of factors i look for in deposits

How deep is the mineralisation, how much stripping is there until you hit pay?
Widths
Grades

This ticks every box LW, and more. Just enjoy it, the growth coming here is substantial. Mali has a history a good Gold producing history and Bert has even added he hasn't lost any lost time/days due to political unrest in his mining career out there. They were even able to carry out operations as normal this year when all of that was happening with the president

We will have more results similiar to those today, I'm confident of that. 1Moz i beleive is in sight

Not long ago the company released 19m@31g/t. Bert Monro described this as a “world class” intercept. He used the “gram metres” valuation to give it

589 (maybe a little higher)

This hole was that good, it would have made Havierons Top 10 “gram metre” intersections. That’s how remarkable it was

Today’s value
49m@15g/t

735!!

2,500m of the 12,000 P2 Selin campaign. So much to come. And then we have Zone A phase 2 results

Wow!

12,769m have been drilled for Selin P2 work. Today’s results accounted for just 2,500m of those

49m@15g/t
19m@31g/t

There is simply no disguising the potential of Sanankoro now.

Ladies and gents, you can write your own cheques here

I had to look twice. That is world class. Even better from than the 19m@31g/t

It opens Sanankoro up to many opportunities. Below the existing pit shell. The resource upgrade opportunity is now on a different scale.

Brilliant, we have a rough idea but yeah a running total would be most welcome. Also after the next RNS il scope down to see roughly what kind of metres are left to report and from what areas

Very nice to see the buying today with no news for about 10 days. That’s how impressive this has been so far. Normally it takes these junior companies 6 months to drill and report 2-3,000m. Cora have been releasing as much every fortnight and with the still over half to report, the news won’t stop.

Keep the faith. Your money is in good hands here. :)

We’re expecting over 20,000m still to be reported over the next month or two. That’s insane. The plans was to release the resource upgrade from September.

Selin DD results should come soon and as well as follow up drilling results from the south of Zone A(19m@31g/t). And the follow up work at Zone C

Very impressed with the share price movement and action and its looks nicely set up to continue once we get further results in.

Brilliant recovery, with ECR making all the right moves. Not content with just 1 drill rig, they've used the funds to purchase a 2nd drill Rig.

all still about the grades for me, if they continue to churn out high grades at Creswick, the interest will inevitably pick up and a potential of a JV. 80g/t & 23g/t show the mouth watering potential, but we need more. And they're certainly making all the right moves and putting themselves in positions to get those results, i wait in anticipation. I made a top up around 1.65p, anybody who did the same or got in around 1.5p, well done, and to all those still holding.

I'm very much focused on Creswick but it would be nice to hear some Cherry Tree assays or a Blue moon update at Bailleston soon.

Afzal Valli, yeah i saw that. He's hot on the small cap AIM companies and no doubt some of his 11K followers would have made a purchase

Seemed vastly oversold regardless and hopefully the recent 20% climb can be followed by subsequent holes from Creswick and Cherry Tree. Set up very well from here

LW, yeah they're extending it so it's going well into August now which is fine by me

It's been 2-3 weeks since they sent 3 rigs back to Zone A&C to follow up on the huge hits, even longer for the DD holes at Selin. These next 5,000-10,000m of assays are the most anticipated by me. We haven't had one bad set of assays, really haven't.

Or there abouts **

JV is still key down the line, but 2 wholly owned drill rigs, that’s value right there. We’ve seen the work being carried out by Midas, none stop drilling, this compliments the process very well.

Well done to the company. With £5m in the bank, if there about a, it’s a brilliant purchase.

Q4 delivery.

Let’s crack on as normal, very excited for these upcoming Creswick results.

I think once the Year 4 JV terms are signed and carried over, you'll see some more stability. Also, for a while we've kind of had the luxury of assays "continually pending" and it has been the case for some time. We have 1 more hole to come still from Apta and any ongoing drilling with the 1 rig. But with no campaigns being announced elsewhere on the project, investors are becoming inpatient. The new campaigns, once they arrive will be on relatively Virgin ground, whilst we knew Apta had churned out high grade Gold years ago (100g/t,200g/t)

It's a whopper of a project and if mined in the future can be extremely profitable, it's all about riding this wave and moving onto the next valuable steps in creating value at Anza. If the initial drill results at one of the next prospects, return similar to what we have over at Apta, it could get very explosive. More than happy to hold and if it drops below my average and some of my other plays come off, I'l top up, no problem.

GLA

Yeah he’s one of those CEOs that investors don’t particularly have a good word to say. I’m not a fan of his strategy but it certainly never stopped POWs share price rocketing last year, so each to their own. RRR have a MCAP OF £9m and with the numerous projects POW have on their plate like you say I can’t see them throwing millions at the Victorian Gold fields, but who knows.

I think that might set ECR up pretty well regards to Ballarat. I think EL006184 is due to run out at the end of 2021, but with the historic work over the years and the ongoing campaign, they’re certainly proving their worth in the license.

Yeah, I don’t think the decision will be based on “the bigger the company, they’ll be awarded it”

They’ll choose a company who will have real near terms plans in developing those licenses, and not just a company who wants another asset in its portfolio to gather dust

If ECR can add this to its CRESWICK package, I think we’ll get a JV away. The historic gold mines in and around that license proves why ECR went for it. 11moz produced in the Ballarat area alone, this is why the majors were probably holding off on JV talks until they know the outcome of this.

Until then, add ECR can do is chip away at EL006184, slowly Strengthening their position and proving to everyone, the high grade potential spans across its licence, and isn’t fixed to just one area.
80g/t
23g/t
9g/t
9g/t

Is a brilliant start. Let’s keep the pressure building, in our favour.

I think the only Competitive licenses out of the 8, is the license which still hasn't been accepted. (EL007537)

https://twitter.com/ecrminerals/status/1397156782192144388/photo/1

You can see that on this image with the (*) highlighted as a "Competitive bid"

I'm pretty sure the other companies in competion with us are RRR/Power metals & another company which i forget. But as stated in the original post by LO, i think the company are fairly well positioned to put their hand up and take on this license. Our own in house drilling capabilities and 3 licenses accepted above with a NE trending Dimocks main shale running right through the lot of them.

What are investors expecting? Or are we going into this blind expecting pure growth?

The drilling had 2 purposes:
Upgrade the inferred Oz's to indicated
Expand the Resource in terms of Oz's

It seems pretty evident from the 8 set of assays release this far that the company look to be successful in confirming both of the above purposes. The exploration target was between 1-2 Moz based upon a depth of 100m, across numerous zones reported there have been a number of Zones returning Gold, and good grades beyond 100m. I think some follow up drilling is required at depth but the signs are all positive. The DD at Selin, soon to be announced will tell us a lot more about the story down below. The widths reported have been consistent with the historic drill results, maybe even better, as well as the grade which seems to be getting stronger with multiple high grade intercepts drilled.

When you look at the scoping study, this was based on the 265,000 Oz resource with annual production of 45,000 Oz's, returning Annual cash flow of $24m. That's staggering. I wonder when the resource is upgraded, how this "45,000 per annum" can be adjusted to suit, resulting in even higher cash flow.

I do believe we'll see substantial growth in the resource upgrade, but how much? That's anybody's guess. I believe long term Sanankoro has the potential to be a multi million Oz deposit, I'm just keeping my estimations a little measured. Like GGP & Havieron, there were a lot of whispers of an initial MRE of 10Moz+, myself included. And when the announcement was made, it raised a couple of questions as it seemed very conservative. But when you broke it down, the initial MRE was focused on a section of Havieron where the more concentrated drilling campaigns had been carried out. Over time, they'll gradually expand that 3.4Moz into what's looking evident, a Tier 1 deposit.

Will Cora use a similar approach or with an aggressive 35,000m, will they have the data in Q3/Q4 to release an absolute whopping Resource upgrade. (700Koz/800Koz/900Koz/1Moz). About half of the drilling has been concentrated on Selin(13,000m) which resource stood at 108,000 Oz, and Zone A(6,900m) 91,000oz
(And we all know what they found here, 19m@31g/t) :D --> Being followed up as we speak

All this being said, it's a very exciting time to be a shareholder here with plenty of value to be made in the near-mid term, with operations to expand beyond Sanankoro as and when finances and time permit.

Hold these tight and don't let go. Growth like no other company in the junior exploration space (AIMO) and believe this is a unique opportunity to gain entry/load up at such a cheap Market Cap

GLA

That's brilliant if true. The versality it gives them is brilliant. One at Creswick, one at Bailleston or the option to use both at just 1 project. Money well spent for me

One thing i couldn't tell you. Only had a listen on my break. Thinking nothing of it, i assumed they were talking about MIDAS, but I've never heard the company talk about MIDAS' RC drilling capability, just DD.
Andrew Scott seems to think we've purchased a second rig so clarity needed, I'l try and find out. RC drilling is normally cheaper than Core drilling, but it was only weeks ago Craig Brown was having a dig at RC drilling, saying you may only recover up to 80% in some cases.