Member Info for AG1989

Interesting TS your comments about the Fosterville mine. He does like that comparison, or likes to take that direction a lot doesn't he.

Bring on the red dot

Dill why don't you just post this all on one thread haha? 3 different topics

I learned that the assays are in and we should recieve them very soon

More exposure for the company ahead of results too, good watch for me. Tambo seems exciting

"ASSAYS recieved and we'll be looking to release them soon"

Is this market sensitive and needs to be released as they recieve it or have i got that totally wrong?

The way the markets have been lately, would seem a waste to release good results into it :D but I'm sure we'll hear soon enough

Another great, encouraging interview, drilling 365 days a year

Hell of a lot of big sells, almost like somebody knows something we don't.

Doesn't change anything for me. Almost below my average on my SIPP so back into the buy zone but nice to ride it out

3.3p

Yeah i understand that mate, even though it's good to think long term it's never nice to see your money fall away. I've always got into the routine of investing 70%of what i was going to invest and use the 30% as and when the SP retraces. But thats not financial advice, it's just something which has helped me average down throughout the months on certain shares

:D

In just under 12 months, the SP is up 580%!

580% I really don't think that gets talked about enough here. Well done to all of those who's average is under 1p. But yeah it has retracted since 4p slightly but its a news driven market with a lot of anticipation in the next couple of RNS releases. I bought at 3.9p and bought heavy when it retracted to 2.9p, it's all what suits you financially i guess but as long as your confident in the outlook of the company, it's all good :)

djwall yeah it's just a waiting game. Keeping level headed after latest OMI tweets and results. Don't get me wrong, they've got some very good widths and grades at Anza but before results for MAP-074 there was high speculation from the company of "100m of visual mineralisation" in the cores, and when returned it was slightly underwhelming with all of the hype involved. Hence why the sp retracted as much as it did but this will soon recover

1 Hole, just looking for a nice strike over a couple of metres, if we get 15 g/t or above like CB suggests we will after the XRF results came in, then this really would be welcomed.

ECR already proven up gold at:
Blue moon
Black Cat

Adding HR3 into the mix is significant in building up a resource with historic drill results here reading
13m @ 13.8 g/t
2m @17.6 g/t
3m @ 14.74 g/t

It's this lack of patience why some investors sell and jump ship into something else. There's no getting around it, the results are coming soon, this week, next week, the week after? nobody knows. Chill and top up :D

It’s strange and even though it’s only 1 hole, it all adds up to the historic data and assays we have available now. 2 holes a month with the current drill, add another drill and a motivated JV partner at Creswick and resources will speak for themselves. :)

Good to see on the presentation historic drilling at HR3 which hopefully our results will compliment.

It’s going over old ground but a stern reminder why I find ecr so appealing.

The good news is we are up and running with an established process and test results starting to flow into the company. It is positive to see results so far that overall demonstrate increased gold in the samples. These are the early results however and a significant amount of further information is required before conclusions can be drawn.
The results so far have demonstrated significant variability from the original assays, demonstrating that the small sample size can overstate and understate results. Notably the original 44.63 g/t assay from the 2 kg sample from CSR006 (15-16 m) is increased to 63.03 g/t.”

Creswick:
“The company believes the DMS structure holds the potential for a multi million ounce gold resource”
“Currently only 300m of the 7km DMS footprint in the Creswick License has been tested”
“The Company has completed 1,687 metres of reverse circulation drilling in 17 holes at the Creswick gold project targeting multiple quartz vein orientations within the Dimocks Main Shale (“DMS”); Drilling identified more extensive quartz than anticipated, in a zone exceeding 60m in width (more than twice the 25m width expected) with quartz identified in over one third of the 1,687 metres drilled; The majority of drill results have now been received and are being reviewed by the Company’s technical team. Of the 17 holes drilled the Company has identified gold mineralisation in all holes so far with grades in 9 holes ranging from 0.6 g/t gold to 44.63 g/t gold (1.44 oz per tonne); Technical review of the drill programme and assay results has confirmed elements of the complex geology at Creswick and confirmed that the gold mineralisation is ‘nuggetty’ in nature; Nuggetty gold distribution can lead to understated assays, as the larger the nuggets the less the chance they will be captured in the drilled metre. Compounding the problem is only a small portion of each reverse circulation sample bag is actually tested. Conversely results can be overstated if the nugget happens to be captured in the small sample; ECR has therefore commenced a process of gravity concentration tests from whole of bag samples from the reverse circulation drilling and will release results as the more representative whole of sample bag analyses are conducted; From a trial sample bag tested from hole CSR011 a nugget has been found in the previously untested portion of the sample and overall the sample has demonstrated gold of 11.8 g/t from whole-of-bag gravity concentration, some 528% greater than the 1.88 g/t assay result;
; Until further extensive whole-of-bag tests have been completed the results of the assays from the drilling program may be unreliable as indicators of true grade at this stage; The work undertaken indicates that we believe there is potential for a very substantial gold deposit within the DMS as highlighted previously by the Company’s technical team and ECR is now accelerating the highly important gravity concentration tests as outlined; A fuller explanation of the nugget effect and its implications is provided below and further updates will be announced to market as soon as practicable.”
UPDATE “Establishing the testing process was technically complex and, with the extremely poor winter weather in Victoria, took us longer than anticipated.

HR3; rock chip sampling: “Assay results from a further 75 rock chip samples over the ‘Bailieston’ project confirm gold mineralisation, with assays from 29 samples ranging from 0.56 g/t Au to 22.9 g/t Au; Sampling has been extended south to the historic Cherry Tree reefs (HR4), where 53 rock chip samples out of the 75 samples have been taken. Results from 22 of these samples show the presence of gold mineralisation, assays ranging from 0.56 g/t Au to 8.15 g/t Au; Repeat assay analysis on 12 selected higher-grade samples returned similar results, demonstrating some consistency in respect to the nature of the gold mineralization; The assay for one sample (LX0819) which contained a speck of visible gold at sub-crop was not highlighted in the results (0.18 g/t Au), showing gold mineralisation in part can be coarse, therefore not reporting in the fire assay results.
Intercepts from historic drilling include:
13m @ 13.8 g/t
2m @17.6 g/t
3m @ 14.74 g/t

Black Cat; “Reconnaissance RAB drilling programme targeted numerous quartz reefs at Black Cat with a total of 18 shallow holes for 485 metres of drilling; Significant intersections are reported in Table 1 below and include 7 metres at 1.76 g/t gold from 35 metres in BCD11, 3 metres at 4.26 g/t gold from 16 metres in BCD18, and 1 metre at 6.3 g/t gold from 18 metres in BCD03; The potential for supergene enriched mineralisation at the water table interface and for deeper primary mineralisation could be investigated by drilling deeper holes; The Black Cat prospect is located immediately south of ground recently applied for by Newmont Mining, and is among the high priority targets identified by the geophysical interpretation and targeting study completed for MGA in late 2017; Important geological insights have been generated by the drilling programme, which will guide further exploration at Black Cat and other prospects in the Bailieston gold project area.”
Summarised:
7m@ 1.76 g/t from 35 metres down
3 metres at 4.26 g/t gold from 16 metres
1 metre at 6.3 g/t gold from 18 metres

Bailleston:
Blue moon; “Twelve reverse circulation (RC) holes completed for 1,718 metres drilled at Blue Moon, with significant intersections of gold mineralisation in nine holes. Based on the results of this programme, together with other exploration as previously reported, Blue Moon constitutes a new gold discovery within the Bailieston project area. Across the full RC drilling programme, significant intersections included: 2 metres at 17.87 g/t gold within a zone of 15 metres at 3.81 g/t gold from 51 metres in BBM007; 3 metres at 3.88 g/t gold within a zone of 11 metres at 2.42 g/t gold from 169 metres in BBM006; 1 metre at 2.15 g/t gold at the top of a zone of 16 metres at 0.28 g/t gold from 85 metres in BBM004; 2 metres at 1.40 g/t gold within a zone of 14 metres at 0.54 g/t gold in BBM005 from 132 metres; 1 metre at 1.94 g/t gold from 138 metres and 5 metres at 0.46 g/t gold from 152 metres in BBM010; 5 metres at 1.09 g/t gold from 97 metres in BBM013. The RC programme was devised following the results of a diamond drilling programme completed in 2018 which intersected gold mineralisation in all three holes, together with field mapping and soil geochemical sampling undertaken subsequently. The RC drilling results indicate that the host sandstone is thicker and the gold grades significantly higher on the westerly section, and further exploration will therefore seek to follow the system to the west, subject to agreeing access with landowners. Further exploration to the west would initially comprise surface geochemical sampling, potentially followed by drill testing.”

Just had a quick scan through the RNS updates over the years, looking at the activity undertaken at the different projects. Without an extensive amount of exploration being carried out at each prospect, it’s clear to see why Craig is confident he can deliver numerous resources, especially at Bailleston.
Interesting to note Black cat, only 485m of drilling carried out on 18 shallow holes, but some nice results returned from a brief spell there. Historic intercepts at HR3 (Where MIDAS is currently drilling) and the significant discovery of blue moon.
To some investors, the information I have copied and pasted below will probably be meaningless, some might be in here for a quick flip and are too lazy to go back research what they’re actually putting their money into. But seeing how Craig is currently using the resources and getting on with drilling at HR3, the following information really fills me with confidence that there is a lot more gold out there and I think 2021 & 2022 are going to be company changing years for ECR in proving up these resources, returning substantial returns for shareholders. Not just a 3 month hold this, jump on board with the journey and look at the big picture. All my own opinion what I’ve just stated and please DYOR, but the data below was all retrieved from official company RNS releases.
There are a number of investors on this board who have been with ECR 4 years + and have probably read these front and back, just thought a summary would give others an insight

a 500K buy just gone through.

Agreed dv - Hoping for a second rig at some point

Yeah, I've just read a recent RNS. Company states they're at a relatively early stage for talks and nothing can be certain, will keep digging