Member Info for AG1989

Watch your words JTB :D this lot will have the pitchforks out again on the next drop.

But yeah the placing took everybody by surprise, myself included but I’m still invested and optimistic about creating something big at ECR

JTB - exactly. Potential resources :
Blue moon
Black Cat
HR3

And exploration continues. Hopefully the trend continues and the assays show strong mineralisation at HR3 within a few hundred metres of surface.

Far easier to extract and more cost effective, pool the combined resources together and ship them to fostervillle or a nearby processing mill. (Not to say extraction will be cheap, but their job right now is to prove the project up, get an understanding of what we have )

Byron has been mined historically but not much at depth. Fingers crossed we find the good stuff down below and trace a source

That's an extremely healthy purchase with a very quiet couple of weeks, great stuff.

The plan was to stick 4 holes in the Byron reef before moving on Mauri reef. All I'm saying is if they carried on drilling the byron reef i believe it to be positive. He wont be wasting money imo, he seems very astute that way

but like i also stated, until an RNS is released it's purely guess work but it's nice to talk about or you'd have a messageboard in "radio silence" from RNS to RNS

Ezhik - You could be totally correct, that did cross my mind. But I would be surprised if they planned an initial 4 hole campaign, found very little and decided to stick another 2 holes in. If the first 4 holes were not encouraging enough, stick with the plan and attack one of the other reefs at HR3

It's not definite but I've got no reason dill to assume the assays in Hole 1 will not be positive. Why he didn't release them when he got them 6 weeks ago, who knows but i remain optimistic. The rest is just pure guess work.

only drilling 150, for the average hole, it would be very nice to get some good width (8m...10m...12m) but a couple of high grades would be welcomed. 15g/t

What's interesting is from the presentation it states the following

"The Company’s 100% owned drilling rig “Midas” is
currently on site assessing mineralisation at depth
with an ongoing 4 hole 705m diamond drilling
campaign."

A 4 hole diamond drill campaign at HR3 initially planned.

6 holes in, we may have completed the 4 holes and stuck 2 holes into another reef/location
OR
they were positive from the first 4 holes so decided to stick another 2 holes in :) which would be extremely positive and encouraging from the company. something to look out for when the RNS drops

And EL006184, expires at the end of this year so they'll be working to extend that I'm sure :)

Cheers Angoose. It's the way i took it a few months ago when Craig first came out about the licensing issues holding the Creswick JV back. fingers crossed now the 2nd application connected to Creswick had been accepted, the company can move in with negotiations in some form. These things do take time and could be prolonged for some time now, it's just nice digging into the earth resources website and seeing what you can find out.

It's frustrating hearing limited information from the company i do understand that but I'm sure once he's in a position to do so, he will disclose what he can to us as and when possible

HappyHaddock - good work appreciate it.

Hahahaha 100%. He does want to be involved and like Trek pointed out the other day, it’s there in black and white in the latest RNS to go and drill at Creswick.

Also, with EL007357 being a competitive bid, I'd be surprised if this application is factored into the JV talks with 4 companies applying for the license. May take some time to hear about this

Could be wrong here so excuse the speculation but how fast can a placing be put together?

EL006317 was accepted at the end of March. For me, the final piece of the JV puzzle, was an opportunity taken and funds quickly raised to set themselves up for JV negotiations and exploration on Creswick. But this placings may take weeks and weeks so who knows.

Yeah it's a very interesting interview that, watch it numerous times. "fully funded" to all of a sudden raising £2m, interesting why

Basically Dill yeah, the 3 licenses will act as 1 giant footprint the JV partner and ECR can then explore. With both accepted now, i think we will hear news within the next month or two (Significant news with JV)

Also, according to the interactive map, the expiration date on its current license is the end of 2021. They'll be working hard to extend this, if they haven't already

JTB - Yeah that's been my train of thought for a long time now, since listening to Craig

You think, ECR currently have EL006184. If your the JV partner, knowing that ECR have applications in for both EL006713 & EL006907, there is no chance your going to sign anything in concrete giving you access to only EL006184.

EL006713 & EL006907 connect directly to EL006184 and significantly increase ECR's footprint in the Creswick area, and as an extension to that, now the JV partners. These licenses look to have been approved, just need a "First grant date" now. Once all of this is finalised, i believe the JV will be signed covering the 3 licenses, instead of its current 1 (EL006184)

Probably a pain to follow, but i believe these are the "licensing" issues Craig alludes to when talking about the JV

I've just been back through a number of interviews, all very encouraging but nothing concrete. "Can" definitely get a deal away but it has to be the right deal. then it moves onto in a few interviews later, it's still just licensing issues to "finalise"

I wonder now EL006713 has been accepted, things can be finalised officially.

Happyhaddock - think it was the beginning of February. It's the first time he really talked openly about it. the site visit and DD was favourable and he's said a couple of times since they can definitely get a deal away, just licensing issues waiting to be confirmed

Having that 2nd Creswick license accepted, things do start to look up. But it still may take months to finalize proceedings and get an official "First grant date" for them to begin exploring

It is just speculation but the earth resources presentations do give us a little more information

They’re accepted Glittertip but until they resolve a few final points and get a first grant date I can’t see an RNS. But with the accepted application in March I’m hoping this gets it all moving.

Application Accepted Date: 19/11/2020
First Grant Date: N/A
Expiry Date: N/A

Bailleston accepted.. Just needs a first grant date

The only applications still without an accepted date looks like Tambo North and the Ballarat license, and these are the only 2 showing still on the March's Earth resources presentation