Member Info for AG1989

8 holes drilled at HR3 i belive. Some at byron Reef, some at Mauri reef

We recieved the first 4 holes and are awaiting the next holes

This is in addition to the ongoing campaign near cherry tree and the 10 holes or so at Creswick. and the licenses. Plenty of news

Yeah deifnitely mate. Patience is the key. But you still like to see progress along the way to show your investment ia heading in the right direction. And right now with ECR we have a great balance of that to hopefully put us in a position where we can start releasing positive assays to the market on a regular basis.

Like CB said, it's not like playing slot machines. Plenty of holes/work/time goes into the day to day operations before the company can properly define the true source of all this Gold, and once they do, you can really dig your teeth into it. Already planning phase 2 at HR3, they're clearly excited by the work which has been completed this far

Very encouraging

22nd April - 8 Holes reported - All 8 holes intersected Gold
Best results:
52m@1.78g/t
34m@1.98g/t

5th May - 10 holes reported - 10 holes intersected Gold
Best results include:
24m @ 2.50 g/t Au from 16m
23m @ 1.55 g/t Au from 47m in hole SC0332

24th May - 36 holes/samples reported - 33 intersected Gold
Best results include:
19m@4g/t
17m @ 2.82 g/t
incl 1m @ 27.77g/t

7th June - 12 holes reported - Gold hit in every hole
Best results include:
56 m @ 3.54 g/t
incl 21m @ 8.17 g/t
13m @ 2.4 g/t
incl 2m @ 9.91 g/t

16th June - 14 holes reported - 13 holes intersected Gold
Best results include:
29m @ 3.23 g/t
32m @ 1.63 g/t

Nice to see some high grade in there too, very encouraging. All roughly within 100m of surface and open in many directions

This has everything I'm looking for in a small cap mining company. It's a small market cap, they're on the ground delivering the results, with a resource upgrade and potentially production just around the corner. 3 drill rigs!!

Just like Kodal minerals in Mali, i have a feeling once we apply for construction and mining permits and licenses, this will take off. But until then, enjoy the results with over 25,000m worth of assays still to report. Outstanding stuff

I like to use Market Caps a lot when investing, as I know many of you will. And it’s not a direct correlation to the value and assets of the company, just how much money at that time is invested into these companies.

I’ve seen Oriole go from 0.4p > 1.9p. I’ve seen OMI go from 4p > 44p and ecr go from 1.75p > 4.4p. In the space of a week. All 3 without really releasing project defining Gold grades. Maybe just an operational update or drill purchase or land package. The volumes I’ve seen is phenomenal.

But you’ll always see a huge retrace and it can come back down just as fast.

That’s why I keep banging on about resources and grades and these buzz words and factors that not only get this moving, but will support it once it starts going.
That’s why these 4 HR3 grades are important and will hopefully be complimented by the Creswick ones. Meaning we can cement and build a support further up past 3-4p knowing we have a couple of healthy deposits under our belts.

You can make a lot of money in these companies by trading them on a month to month basis, but I’m looking beyond that. Let the grades do the talking and in time, this will move 3-4p at a time and not 0.1p :)

I’m no mystic meg and have called this wrong on many occasions. I’m not sure on 11p. I said 8-10p the other day.
For that to happen, we’re looking at a market cap of around £100m. That’s a big big number, even in this game. You’ve got producing assets like Hummingbird resources and they’re only valued at £82m. Orosur mining. Currently valued at £28m with 2 majors on board and a deposit churning out higher grade than I’ve ever seen in the junior sector. Cora Gold, £17m mcap with a 265,000 oz resource which is set to be upgraded substantially soon with production financed for next year

This isn’t a cross ramp but hopefully a little bit of an understanding of the value of some of these junior exploration companies investors are taking a look at.
I feel once we crack £100m(whenever that may be), you’ll fine it easier to progress and it’s normally where the institutional investment comes in. The private companies, banks, index funds.

I feel if we get good assays from HR3, nice widths 5-10m+ with >1g/t, I think this will start to move again up through 3p, back to 4p. A move supported by some nice Gold pulls.
Now if we continue to deliver on these next 10 Creswick holes, get these licenses granted across the board and finalllllllly sign that JV, you’ll see some real interest build here. Imagine a company coming in and taking 50% of the project (maybe more), but having to spend $6-$10m over 3-4 years. Bring their own analysis equipment, provide multiple drill rigs. That’s the dream, fully frees CB up at Bailleston Tambo and Queensland.

Notice the amount of “ifs” in there. It’s those “ifs” that separate us from where we are now, to the 10-11p mark. But imagine looking back in years to come , your 1500% up on your investment here and you loaded up at 1.9p. That’s what it’s all about for me, and although other companies are throwing out good grades on a regular basis. We have 2 100% owned gold projects. Proven gold at both. Current drilling campaigns at both. A core shed overloaded from the recent work. Our own drill rig for flexibility and £5.6m in the bank. When you combine these, I see real value here but not necessarily in the next month or so. It will take time.

And that’s only my opinion. Small steps and let every piece come together and our day will come.

Yeah i've said all kinds in the heat of the moment on these boards but need to remember why I'm here and it's good to see the positivity back into the investment community here. There was a spell from Christmas onwards and it didn't look good at all.

But all of the JV talk, fundraising, buying our own drill and other factors, it's all beginning to materialize and take shape and the company tackle both 100% owned Gold projects on and don't look like stopping

The idea of numerous small satellite pits at Bailleston, all feeding into the same production line. They could have hold of the tail of something pretty valuable and profitable at Hr3, take it on and run with it

Of course i want near term share price rises. It's an indication that the company are doing something right, they're returning shareholder value. But what i want to see, are the resources slowly coming together, and i think they will in time after 8-12months of drilling and returning successful assays

Very strong support here, and with all my shares being in my SIPP (Which i can't take for another 24 years ha), I'm more than happy to see this company blossom over the years and deliver what they set out to do

Yeah, it's like real estate property, anything in the Victorian Goldfields attracts the attention of majors. But it's positive knowing that companies are actively contacting ECR and not the other way around. Another 10 holes in both Bailleston and Creswick each, it certainly raises our price in the JV shop window :)

I got in at 1.75p last summer, and once it started moving, it couldn't stop. So now we're back at similiar levels, I'm extremely happy with my holding and would advise others (If financially possible) to top up now, and don't do what i did last year and chase it all the way up to 4.1p

I actually believe that Craig believes he will take ECR to production and that's good enough for me

TBF Luckyorange, I've read a umber of your posts. And i like how keen you are, and it's good to see on these boards.

We may have a difference of opinion, but i promise i wasn't trying to bring the mood down before, it's not my way

I believe that the soil sampllling and follow up phase 2 campaign is a big step for the company. they clearly see something in HR3 to stay and make a real go at it, it's just not going to be an overnight success

I fully expect big gains from ECR, but maybe not in the next few weeks or months (Hope to be proven wrong). It's just good seeing movement on the ground, this "non stop" drilling approach with flexibility of having your own drill and £5m in the bank. A great investment

Those grades nearby with e79 are nothing short of sensational

I think it differs jsmith depending on what tie of the day it was, and was the "bid" and "ask" was at that particular time

Certainly a busy day

Both sets of assays are important (HR3 & Creswick) but agreed Glittertip, especially the Creswick ones for me

With drilling well underway, 2, possibly 3 new license applications to be granted soon, and as a result, a JV, this would be huge for the company moving forward.

We may have every chance of the same happening at Bailleston now, with the Tambo licenses being accepted and the new subsidiary out in Queensland. Plenty to aim at ;)

potential**
One of those mornings

I actually think HR3 has always had "potentially" but maybe not always been the main focus at Bailleston, with Blue moon and Black cat showing an early success

https://mercatorgold.com.au/projects/bailieston-2/

If you look at the Goldfield region being mapped out on this link, you can see why HR3 and Cherry Tree were targeted in the north. Look at the region underneath Blue moon and bucks reef , the goldfield region which extends into our applied license below.

Just keep filling that Core shed out and you'll give yourselves the best opportunity here

Lucky, if that's your basis of investing then it's a little worrying, looking on boards and being put off by certain posts. Anyway, your copy and pasting is boring me and I've thoroughly done my research on ECR, like many on this board so add something os substances or stop criticsing others for applying their views

FTS, exactly. There is a concentrated area of rick chip samples back in 2018 of 67g/t & 13/g/t. Looking very good

https://earthresources.vic.gov.au/licensing-approvals/location-of-mining-petroleum-licences/mining-licences-near-me#lat=-36.80409071906942&lng=145.06093233478435

that's the link for anybody interested. It's huge!!

EL5433 is in 2 parts. 1 license but 2 tenements so to speak, both separated by EL7926

about Bailleston*** :D ooops

What excites me most about HR3 is EL007296. I think this is the tenement we applied for a while back, it has been accepted but still doesn't have a "first grant date". It connects the 2 tenements we have which include HR3, HR4, Cherry Tree, Blue moon, Black cat etc. I've just checked earth resources website and it was accepted last November so hopefully we see movement here soon, as well as the Creswick licenses :)

It's you that called us out first lucky, don't forget that so you can have it back. There's nothing in our posts that suggests we're not confident in ECR moving forward but we certainly know what to look for in building this company for the future. We all agreed the soil sampling was a foot in the right direction but it's clearly something you overlooked