Member Info for AG1989

Hey Hkinvestor

As it stands they have reported 4 holes from Creswick. 6 have been completed so 2 holes worth of assays are outstanding and still to be reported. It then depends and how many holes they end up drilling in this campaign.

8 holes have been reported at HR3 at Bailleston. 3 holes have been completed at Cherry Tree and yet to be reported

So 5 holes between both projects have been completed and not yet reported, plus any additional drilling from this point on :)

Not heard anything else on bluemoon I'm afraid

https://mercatorgold.com.au/images/fig2_CSD003_004_210714.jpg

What's interesting about the structural drilling, you can see what it highlights here with CSD003 & CSD004

CSD003 is EAST dipping and it clearly shows the strength in Quartz vein orientation was more favourable than CSD004 which was WEST dipping. Information they'll no doubt be working with moving forward

I'm intrigued to see what future plans are for Creswick moving forward. I'm guessing they'll have to wait for the results for the remaining 4-5-6 holes or however many they're drilling. I think it will also depend on the quickness that these 2 new licenses are granted and work can begin. I really like the idea of them drilling on 2 100% owned projects, i Would like MIDAS to be moved to Creswick for an aggressive drilling campaign, but with phase 2 at HR3 in the works i can't see that happening.
It would be good to keep the pressure on and with the level of drilling 2021 has brought, i have no reason to believe follow up work at Creswick wont be happening in the near future.

Hole 2 assays were probably ready weeks back, with the best result returning 1m@4g/t, it was worth the wait to hang on and release the holes in 1 RNS. No visible gold reported in Hole 3, it just shows the importance of hitting these quartz sections and the Gold that can come with them

Are there "April trades" showing, from the placing back at the start of April?

JTB - I've found with a lot of stocks in the junior exploration space, investors expect far too much. I totally agree with that, I think the market was blessed with Havieron. But it's something i try and block out and treat it as "an indivual project & entity"

Obviously some don't see it that way but it is what it is. Plenty of work to do but a report that shows me the money being spent, is serving a solid purpose. I've always preferred Creswick over Bailleston with it's high grade potential. However, I'm more than happy to be proven wrong with Bailleston moving forward and hope they deliver good results targeting the anticline at HR3

Back to work but will be following the SP action closely, incase it drops further (I'm hoping 1.6p shows some kind of support level), but charts are not my strong point :D

Good to see, Holes 3+4 were drilled 900m on strike to the south of Hole 1, showing the prospectively of the tenement throughout, and not just in 1 location

Trumpy - I'd imagine Cherry tree results may not be far off but could be wrong

Agree Happy. I'm in a fortunate position to have these in my SIPP, long term investment, but you still need to see proggress in the short term. This is one step closer and a key for my investment. Continue to prove up the high grade potential, whilst keeping in mind, there's still a lot of work to do

JTB - Very similiar. Small widths and veins, but with limited drilling, the high grade potential is definitely there, and relatively close to surface. What's impressive about Bibemi, the 3,000m of drilling (29 holes) was over an 8km strike length, so to find Gold they did, was very encouraging.
At Creswick, they're doing this in a more concentrated area and it will be very interesting to see additional campaigns moving forward. Do they target one of the new licenses (if granted), or will they try and target some of these "hot zones" reported today and try and prove up better widths, and more high grade

JTB - I've remained invested but my overall sentiment towards ECR has been one that is "going to be the next GGP", to me really dreading the next RNS. I don't mind admitting i was a little naïve in my research last year and automatically expected "fair value" would take this to 10p,20p,30p. It just doesn't work that way

Results do the talking. It would have been nice to see this shoot up after the RNS but it's not always the case. there is a lot of trading going on in these stocks, and when those "bananza grades" don't come, some PI's automatically choose to opt out, and that's fine. I've always remained, how people choose to make a profit, is their prerogative, whether they want to invest long term, trade it, day trade it, it's not up to me to decide how they make money

Following the limited drilling 1m@80g/t in 2019, that shows the high grade potential of Creswick to me. But alone will not be enough, it will need backing up multiple times, and there's still a lot of hard work to do with Creswick. But with my low sentiment here, I was half preparing myself for bad results. And along side the 1m@9g/t and todays grades, it's quite encouraging. Finding some of these hits at shallow depths will be key when mining in years to come, the less "strip ratio" the cheaper the project becomes.
Widths are important, but in my limited time investing in the mining industry, I've seen resources put together and mining studies with strong widths, but lower grade (12m@1.78g/t, 14m@2g/t, 7m@1g/t). So although we haven't proven the widths in these veins as of yet, the high grade speaks volumes for me. It gives the company more data to work with for future Creswick campaigns and the funds being used are serving a purpose

Good RNS and maybe a little too excited before, I'm under no illusion this will jump 100% and it's a long hold for me

Some huge sells coming in and i see at as an opportunity. When the price begins to drop i always sum it up with 3 options

1) SELL - bad results and not confident moving forward
2) HOLD - Not enough evidence for a top up, but happy to hold moving forward
3) Top up - This is what I'l be doing if we drop to 1.5p or below

The non stop drilling and current cash position fills me with confidence at the current MCAP. I can understand how investors want more but it was a welcome report to me

Summary:
High grade project
Ongoing drilling
Small widths - Still plenty of work to do, but heading in the right direction

I do agree about widths. but don't discount the multiple reefs at different depths being identified, also a key factor which can make the project more viable.

There will be mixed reviews with these assays but personally, I've always known what i want to see in a project and the results are slowly proving this up for me, with still plenty of work to do. If others don't see that, each to their own

limited drilling**

I'd love the SP to gain some traction and it's why we're all here, but the drilling at Creswick is proving a success for me and I'm feeling more confident than i have been. I've been dreading these assay reports because on a personal basis, I've not been particuarly impressed. They're not bonanza grades by any means but the high grade is certainly there.

Especially CSD003 - Mineralisation under 100m, this is a key factor for me than finding it 300-400m below surface

The results at Bibemi were fine for me JTB with narrow veins, like Creswick. There's a lot of "structural drilling" going on right now identifying the DMS and gaining better understanding, which i think results will improve in time

Results total from Creswick so far total around 2500m, to find the high grade values they can with this limited value 100% confirms the potential Creswick has. 1m widths are standard in this industry, not going to get me down they're only 0.95m

Still a lot of work to do, it's not "take off time" and it's important to stay grounded and measured whilst we continue to develop Creswick, but they're off to a great start (imo). Put it this way, the results are better than i was expecting

Creswick delivering the high grade again!

Brilliant

1m@80g/t
1m@9g/t

1m@4.78g/t
0.95m@23g/t
0.95@9.93g/t

Keep this up, always liked the potential of Creswick and it's really proving itself here. Best RNS in a long time, far more comfortable with this

To be honest I didn’t have a clue LO and thought the same as you. A nothing RNS really which by regulations maybe had to be made official.

RNS a week on track :D

Yeah they’re all as important as one another because they’re all costing funds from the company. These Creswick holes could be extremely favourable, it could be the cherry tree campaign or even phase 2 drilling at HR3, or all 3!! The company are putting themselves in as best a position to try and deliver the results, until these results come out, patience is required.
I agree with LW, they’ll be using the data to carefully project future campaigns and structures underground. Drilling campaigns on large, relatively virgin ground will not deliver rewards with every hole, but will serve a purpose.

Look at Havieron, after years of drilling it to death, it’s still only 3.4moz (it’s clearly going to be a lot bigger than that)

There doesn’t have to necessarily be a JORC for a bigger player to get interested. Mid cap companies target anything from 2-3moz upwards. And you normally find, JVs are signed in relatively early stages of exploration. The JV partner takes on more risk at that stage but as a result of spending X millions, they get a bigger share of the pie. Both parties are happy and it limits further dilution drilling yourself.

When companies and projects get to similar stages to where Cora are now, as long as they’re cashed up for overheads and any remaining near term operations, there’s no need for a JV, or further dilution. There are numerous realms available in order to finance the production of a mine with a set payback period. And I see the point about under delivering the AISC costs, but even in the scoping study they currently have it above $900 an ounce, I don’t think that’s too unrealistic.

I’m in a number of other stocks mate, all small cap and confident of making me a pretty penny. But my heads been well and truly turned these last 2 months with Cora. It has everything. They keep on delivering and the near term upside in enormous. A lot of those other companies are 2-3 years minimum away from that.

Phoebus - a big fish to do a farm in agreement with Cora or buy out the Sanankoro project whole?

It’s certainly an interesting point and like you say, not outside the realms of possibility. But this is where I think Cora still in a unique position in the junior exploration space, they don’t need any of that

They’re fully financed to complete activities in 2021 and beyond and have a $21m term sheet signed to fully build and construct a working mine.

It’ll be a blockbuster 6-12 months that’s all I know. Great board here too. Quietly confident and the company are building up that confidence with every set of results.

I believe we’ll see another “world class intercept” with the remaining results. Zone C not to be counted out, limited drilling returning very impressive results.

I don’t see any reason they wouldn’t be able to prove it up in years to come, he did touch on this in the webinar.

All resources currently focused on sanankoro and for a very good reason. I feel once production comes, and Cora have a really healthy cash flow, they can continue expanding sanankoro, whilst proving up their other permits

We’ve already seen the pace the contractors can drill these targets, and the fast turnaround for assays. I think this is the best value to shore up true value within the next 3-5 years. Whether I’m still here by then, who knows. But if Cora take sanankoro to production, then begin work in 18 months (or maybe sooner with a little of their £4m), this is how they take the next step.

Not just having one line of revenue, but 3or4. If sanankoro turns out to be 1moz + in the long run, I think this personally will fly past £100m MCAP. they’re on tremendous ground and I’m the same as you, it’s very cheap right now. Great buy.