Member Info for AG1989

Yeah, i think a few have also lost faith, and whether he can regain that faith, who knows. but the important aspect now is the Gold in the ground

We are finally motoring with Creswick, but I've had the same train of thought as you with Bailleston, Blue moon should have been priority. I'm sure they're heading to HR4 next so I'l just have to keep faith that these untested targets will end up delivering. I'd love them to build up a comfortable JORC at Blue moon and/or Black Cat before testing the waters elsewhere.

Technically there is no right and wrong answer and every chance HR4 proves to be a gem, but if it doesn't, it could have been 6 months of drilling which may return little to nothing. There's no guarantee of a good strike at blue moon but with a solid 2018 campaign, it would have been better for me.

We could recieve our "First grant date" at the 2 new accepted Creswick licenses very soon which would be a welcome

Exactly mate. I really like both projects, but are the ingredients there ?

To some extent you could argue 100%. To hit Good mineralisation on both proves there is some kind of system. Have we had the continuous hits to suggest we could have millions of ounces ? Not yet.

But that’s what 2021 is about for me. JV or not, we need to get some chunky drill campaigns on both Creswick and Bailleston. And if they’re not positive, we adjust and go again. To find 1m@44g/t on your very first drilling campaign is phenomenal. It now needs backing up. Not necessarily with those grades, but looking for more than 1g/t

Proof in the pudding , as they say. Il wait until more assays arrive

I agree Happy, to approach with caution, DYOR. I never stop. checking the RNs history page, twitter, LSE, youtube, everything.

Differing of opinions maybe. But seeing Interview after interview, Visible gold in the cores, (XRF result, 15g/t, potentially more", "We're confident of getting a JV away".

All of which are true or remain in place, but hearing these kind of factors being rolled off by the CEO, I'm not surprised in the slightest PI's were taking this in and topping up at 3.5p/4p. It was being ramped slightly by the company and caught a lot out

I think what this last week has done is brought a few investors expectations for the near term back down to earth (I include myself in that category)

“Best shot at a million ounce deposit”

Can't really blame the PI's. He told the market the internal results expect to achieve at least 15g/t, maybe more. And also informed us that they had recieved assays, can't blame investors for getting excited.

Beyond those facts, it was pure guess work so the only thing to do is wait for the assays and make a judgmenet then. This is what investors did and it resulted in a drop in share price which i expected after seeing the results

But it's not the end of the world. We go again and attack with the drill on 2 fronts now. Very excited about Creswick.

Same bitcoinbuyer. I had a low average originally but i ended up following the SP all the way up. Getting content with my holdings at this level and let the money work for itself

Far better, and look at the sentiment and confidence it gives to investors

Still a lot of work to do, those grades still need drilling up and releasing to the market. Although it's not the end of the world if negative, we should be recieving assays for the further 2 holes within a couple of weeks, don't want to get carried away

Through some investigative work by some on here, it was clear that the Creswick licenses had been accepted. They just need to finalise a couple of things before ECR recieve an official "first grant date".

Contract drill rig carrying out the drilling at Creswick from late April/beginning May is a huge step. 2,000m i think i heard him saying. 20 X 100m holes or 12-13 holes at 150m. Whatever they go with, it matches the amount of metres drilled in the 2019 campaign, and more. This should give us a better indication of mineralisation in that area. Moving onto HR4 it seems after HR3, so another area with limited work being carried out. Be interesting to see the results here and whether it can be a resource to add to the growing portfolio.

Still approaching with slight caution, we need to start hitting the grades now exploration is being ramped up but all the resources and tools in place for the company to progress on forward. A far more positive interview and looking forward to the rest of Q2

Thanks Angoose. Will give it a watch soon.

The more I'm thinking about the placing, a little sneaky and a knock on those who bought a load at 2.2p, but a small masterstroke from the company, giving them now close to £6m.

Reading Alan Greens comments on twitter he's under the impression contractors are lined up for Creswick already, good news if true

#ECR
@ecrminerals
- A v frank interview from Craig. £5.8m at bank, no further drill rigs required, drilling ongoing, starting at Blue Moon, plus contractors also lined up at Creswick. Rome wasn't built in a day, so IMHO there is a lot to look forward to

Yeah, it’s a long term goal for ECR but the gains will arrive long before we begin mining studies and pit optimisation.

The gains come when the successful assays are released and the resources begin to build up. Something the market can look at and get excited about. Like OMI last august, some blockbusting grades. Like GGP which in my opinion last year was the hype stock of the AIM. Just like Argo blockchain and a few others, there’s always something that takes the market by storm. With GGp, the rainbow chasing period is over but they’re still left with a solid product to work with. A product which in the years to come will continue to extract value for its shareholders.

The way ECR grab the attention of the market IMO are either :
Signing the JV is one. But not just signing it, really exploring Creswick and hitting the nuggety grades.

The other one is returning to blue moon. Since 2018, this is one target the company have always spoken well about. If you strike again here and expand on the 2018 results, it really starts to come together.

It may have been oversold but it’s still double the market cap of the likes of COBR & EEE. Two companies IMO have a lot of strong catalysts incoming.

We really need to start to walk the walk, and use this £5.8m in the correct manor. They’re trying their best, and have 2 prospective projects. I’m excited for the future of the company, I just believe short term (3/4/5 months), it may be slow going which can chase away the get Rich quick investors.

I’m sure we will hear very soon the plans beyond HR3 and when drilling will begin at Creswick :)

Yeah I agree. Not deramping because I’ve been in full support throughout all of this. It does represent a brilliant opportunity from these levels.

I’m just trying to look at the big picture in terms of resources. A lot of work to carry out on both projects, I do think it will be a slow couple of months but the pieces will slowly start to come together, campaign after campaign.

Blue moon looks to be a real gem at Bailleston. I see no benefits in delaying another 1,700m there. Could really be a game changer if focus was 100% switched here.

I'd be surprised to see 2p today and and don't think the sell off is an overreaction

Looking back from when i started investing here and the months before/interviews with CB, in terms of resources in the ground and deposits, we're no further on, and this is what we're all here for at the end of the day.

I think we all have differing views on the assays for HR3, but to me they're really not great values. I love the fact we now have £5.8m to go and explore with, that's a substantial amount for ECR to move forward with. 2 holes pending, but if they return to HR3 in the near future for another 6 holes based on the values of those 4 holes, I'd put that down to a serious mid-use of company funds.

There is Gold at Creswick and Bailleston, we've proven that to some extent but the campaigns carried out at:
Creswick
Blue moon
Black cat

were not big campaigns by any stretch of the imagination. Some good grades (17g/t) at Blue moon, but like creswick, below this value there really isn't much to write home about.

The one positive i see from drilling HR3 is that the company can now immediately return and shift focus to those targets that have successfully struck Gold in the past. In 12 months time, rather than have 4-6 holes in 4-5 different targets, I'd much prefer time, expense and resources be spent drilling another 1,500-2,000m into Black cat and/or Blue moon. Start to build up a resource, a JORC estimate of accessible deposits, which are cost effective within 150m

We have the funds, we have a drill and an experienced team to deliver good value here. Let's use the information we have and start extracting value back for the company and us. Tambo will be a nice acquisition but beyond this, we don't need any more, prove up what you have first.

Topped up yesterday so still hoping for big things here, but a lot of work to do.

That’s the one mate.

If it works, this link below shows the current footprint we have at Creswick.

https://mercatorgold.com.au/projects/creswick/

If the link below, zoom in on the Creswick area, shows our current license and proposed 3 licenses we have applied for.

A huge footprint and no wonder we have serious interest but more work to do be done to prove them up

https://mobile.twitter.com/ecrminerals/status/1382608410315780096/photo/1

Legalwolf, I believe 3 were applied for. 2 have been accepted to date, the only one which is still to be accepted is the competitive license surrounding Ballarat. Would be a huge catalyst to get that.

Brilliant find if true. A key piece of the jigsaw.

Now where our drilling fits into the JV is an absolute guess so putting the JV to the back of my mind for the foreseeable. Fed up of my investment being on the premise of the JV actually happening.

Get the drill rig booked and send the boys up to Creswick and pull some golden rock out of the ground.

Definitely legalwolf

Kind of seemed all this interest on the table and from what I’ve read, we’re not really in a brilliant position to negotiate terms. It’s just another plot of land with 17 holes historically drilled. Be cheaper for these JV companies to acquire land themselves on the cheap and begin work.

Now the time for another campaign at Creswick and show the market what’s really lying in the DMS

Also good to keep in mind, the above grades were all pulled within 100m of surface with very limited cover

Filltospill - It's needed too. I stated this morning that only a very limited amount has actually been done on Creswick in 5 years, with less than appetising grades (Excluding the 1m@44g/t, which was after upgraded)

1m@2.49g/t
1m@1.88g/t
1m@1.43g/t
1m@1.27g/t
1m@1.21g/t
1m@1.09g/t
1m@0.95g/t
1m@0.90g/t
1m@0.61g/t

I've seen far better mineralisation in the junior sector elsewhere, but the DMS seems largely unexplored in our licenses. See what else we can prove up, improve on the above grades and reassess the situation.

I think our Creswick licenses does have strong geology, strong characteristics and being so close to the Ballarat area which is home to more than 11moz, you can clearly see why the interest is there initially, but far more to work on.

Now's our time, lets not waste it

My average in my sipp now below 2p. (Just) crazy couple of months.

Still don’t feel too positive about the recent assays, today’s interviews and the way it has been handled but still here and will be for some time.

It all comes down to what they pull out of the ground. Beyond the JV, this is the only thing that will get it moving again. If we start to drill blue moon again soon and have a drill programme at Creswick running parallel, that’s a brilliant start.