Member Info for AG1989

I’m with you on that point LW. There’s nothing about the results so far that makes me think Future assays will get this moving. But that’s not just with ECR, the whole junior market seems the same. Maybe in 2020 but I’ve seen countless juniors this year release good grades, and nothing.
Look at Cora, they were having consistent, good RNS assay reports this year and no movement. They release 19m@31g/t this year and it takes off. The next few set of results have been really good but a retrace. Same with ORR EEE, the list could go on, as I’m sure a number of investors in here have witnessed in different stocks

If we released a couple of 1m intervals between 50-80g/t, I can see it moving quite some way. High grade pockets the company can target or extract. I was very encouraged with some of the Creswick holes to date
23g/t
9g/t
9g/t

But they’ve not really helped the share price at all, although they do reinforce the potential of Creswick.
My investment logistics have changed a little here. I was hanging onto the JV for a long time and that initial 80g/t. Just trying to accept it for what it is now.
And that is that Craig is trying to build a business, and not an overnight SP boom for traders to come in and out. I’m sure he’d love the price to be higher but he’s just getting on with business as normal. Still confident about turning both Creswick and Bailleston into a mine & that’s what this is all building to. A slow but steady journey of growth and Resources, with continued exploration and production development plans. That’s where I see the gains. A Gold producer within 2-4 years that can generate its own cash.

Still have one eye on the financials. Some brilliant acquisitions so far this year, but we’re now sat on £1m less, than we were BEFORE the placing in April. Fully funded until at least the end of 2022 was touted. I’m wondering how long £2-£3m is going to last, even with warrants, especially with the Queensland property coming online. Any more property purchases or drill rigs for the MIDAS company.

Who knows. I really don’t mind dilution and it will find its way back at ECR one day which is fine, I’m just hoping they can do it on a lot better terms (4/5/6/7p), and not 30% below the last pricing price which is what we’re at now.

Very quiet period this but there’s still a strong product on offer, a strong exploration product, which offers good value.

The point here isn’t about drilling across mineralisation, that’s standard practice. You’d only really enter a vertical 90 degree dip when your infill drilling.

The reason they’re getting 1m intersections is because the mineralisation at depth is narrow. But that’s not necessarily a negative. It’s easier to identify and forward plan drilling. They’ve identified these narrow shoots, and can explore for more.

Take Blue moon for example. They’ll have been drilling across mineralisation but hitting 11m intersections as the deposit expands in certain areas at depth

Drilling a vertical hole wouldn’t offer very much (to the team ). It would look handsome on an RNS but not provide much beyond that on where to drill next.

Update out on Twitter. 9th hole at CT?

Considering this is just around the corner, it’s very quiet here. I’d just like to show my appreciation to the company.

40,000m+ within 6 months is fantastic work. 12 sets of results which not only matched the previous drilling campaign, but in a lot of areas, vastly improved on it.
The Broker note recently has a Resource increase up to 700,000 oz for October. Anything like this, and above, is sensational. Over 100% increase but it’s become abruptly clear, Sanankoro eventually will be a 1Moz+ deposit. I have no doubts about that.

The best thing you can have for from your exploration company is that they have a shallow (from surface) deposit, rich in high grade pockets and long mineable intersections. That’s a huuuuuge tick for Cora Gold. Couldn’t have asked for much better from a junior mining shareholders standpoint. The added bonus, does the deposit continue at depth? Are the grades consistent and is there potential to chase it on, or just explore a new, narrower Zone.

376 holes drilled in the 2021 campaign. An average depth (between the RC & DD), 114m. Not very surprising considering the Gold starts at surface. But from the limited drilling beyond that marker, look at some of these grades

30m@1.5g/t from 132m
18m@2.29g/t from 146m
7m@4g/t from 138m
11m@1.84g/t from 134m
21m@1.79g/t from 144m
14m@1.12g/t from 196m
33m@1.48g/t from 191m
11m@0.62g/t from 213m
9m@1.32g/t from 135m
2m@146g/t from 160m
49m@15g/t from 99m

Strong consistency and whatever the outcome there’s plenty of room to grow this deposit into a multi million Oz Company maker. Would love them in Q1 to stock for real deep 10 X 300m holes into Sanankoro and try to understand the scale of it. But it’s the initial mineralisation from surface the company will rightfully be focussing on to extract for fast payback.

Plenty to look forward to. Don’t let these quiet periods spook you. She’s about to run again

Suggins - I don’t know all that much about POW but it’s never been an investment I’ve been interested in. In 2020 PJ sure made his shareholders a lot of money, and even though it’s a strategy I don’t particularly like, that’s not to say it can’t be successful

But here, you have one Golden project. The majority of resources and profitS are recirculated back into the Gold mine and project development. Junior Gold explorers with this size market cap are years away normally from production. Caracal have a fully functioning Gold processing plant. They have huge reserves, the company have bought 2 drill rigs and are actively working to increase both production and reserves. Additional acquisitions will be made but they’ll all tie in to the companies goal to expand its reserves.

Let’s not forget Gold is one of the most valuable commodities on the planet with huge profits.

Power metals are diversifying and making numerous acquisitions, in different commodities across the globe. But I’ve got a feeling and always had this feeling, there’ll become a stage where POW need to begin to prioritise certain projects to expand them. They do have active exploration work ongoing over several projects but a lot of early exploration ground and sampling work.

GCAT is growing, their advancing this project at an incredibly fast rate and that will always create more growth in junior exploration sector than just acquiring land to spin out in the future.

But as always, DYOR

“Another company maker”

To significantly increase its resources. Wow.

Very promising. Have a great weekend everyone. Great research ST and bring on Monday

Yeah there are some low grade areas ST, but I think Bert has hinted at fast tracking production. Target the shallow high grade pockets to better significant cash flow.

I think the growth here will be huge with a joint look at production and increasing reserves.

Only company that reminds me of this, in the junior sector in GCAT. But with GCAT already in production you’d imagine a near term rerate is due.

I did wonder about this. Firstly I had the Ballarat license on my mind. Wondering whether the recent property acquisition within the license could give ecr an extra edge for the license, with an intensified outlook on the area.

And secondly in years to come, for some bizarre reason the existing license is transferred or competed with another exploration company. Ecr will have a fully owned property within that license.

I think Craig has mentioned about EL006184 a couple of times. He’ll be well ahead of the game and with the level of exploration carried out pre and post covid, I think ECR will fully meet the requirements to renew the license for X amount of years to come.

https://www.finncap.com/research-portal?#/portal/finncap/research/8_30099

Would encourage everyone to read the latest Finncap research note

They expect an upgrade to 700,000 oz in October which is an increase of 150% with the exploration upside of 1-2Moz easily achievable

With the consistency in the high grade results, they fully expect the cut off grade to remain pretty high, where it is sometimes diluted when project Resources are upgraded substantially.

Tremendous upside here and the Short term Share price movement doesn't really bother me, a very exciting future here

Welcome fireblade23, brilliant choice.

Cora certainly have their act together and they're moving Fast to advance this Gold rich ground. To know there's a high possibility of mine construction beginning next year and exploration will continue to grow Sanankoro, it's one of the best Gold companies to be in right now imo.

For trench sampling, they’re brilliant results. For any kind of exploration to be fair. The growth strategy here looks very impressive. Well done to the team and you feel they’ve barely scratched the surface

12/12 outstanding Results. 43,000m of drilling in 6 months for a junior explorer, sensational.

Well done to the team. Brilliant work and more eye catching results. Buzzing

Excluding any additional work over the last couple of weeks, I think it’s

Bailleston
HR3 - 8 holes drilled - 8 reported
Cherry tree - 8 holes drilled - 3 reported

5 to come

Creswick
13 holes drilled - 4/5 delivered - so around 8 to come I think.

Enough data to tell us a bit more about what they’re finding.

Good post LW, would be interesting hearing from Kirsty about her take on the ground we’re sat on in Victoria. Enjoyed listening to Adam also.

I’m also keen to learn more about the purchases. The driving force being future look ahead to a mine at both Creswick and Bailleston.

Cherry Tree for example, May turn out Not be as prospective as some of the other targets, but ECR have jumped at a chance at purchasing this property. They can still build the necessary building and processing facilities. Blue moon for example, from the limited drilling, intersected relatively shallow mineralisation. There could be an open pit with Ore trucked up to the property purchase.

Everyone needs to be given a chance so let’s hope he can add something to ecr but in terms of my investment, it didn’t really do much. I like the property purchases and believe they’ll benefit the company long term.

It’s still going to come down to the geology. What kind of JORC resources can the company pull together, sort out the equity and begin construction of a mine. Huge steps for the company but a lot of exploration work to do between now and then (which was always expected)

Still waiting for assays for 10 holes, then another 5,000m starts at the end of October for them.

Chickenlegs, maybe, maybe not

https://www.lse.co.uk/rns/OMI/colombia-update-u0elb3mvp73wf71.html

But the assay RNS above shot the share price north doing 100% in a day both uplifting the sentiment "Temporarily" and reinforcing the strength and capacity Apta has to offer. Likewise the outstanding 4 drill holes could do exactly the same and would compliment the decision to leave 1 rig spinning at Apta for the foreseeable

Long term, the whole story is a lot bigger than just Apta, i do agree on that. But with the lack of news, i wouldn't underestimate the power these results could deliver

Excited moving forward from this point

Just took another 9,000. Understandable it's frustrating watching your portfolio slide in the wrong direction so can understand the willingness to let go. But these are the opportunities I crave

It's all stock dependent but Orosur for me still have some of the strongest ground around in the junior sector, with Cora. JV partners assuming control, results due from Apta, exploration beginning beyond Apta, long term i see Anza being a £billion project and OMI have a 25% free ride. I don't know when news will drop but this is definitely a share I'l follow all the way down and as we've seen on numerous occasions, it only takes 1 RNS for it to rocket.

According CB's latest interview Angoose they were hopeful of releasing assays soon so you'd think so, whether it's this week or within the next 2-3, 13 holes due to report across both projects, excluding any additional holes drilled

Each to their own Paul, this doesn't feel right for you so the best option is to invest into a company you feel more at ease with. That's investing for you and you wont be the first or last to jump in and out, at least you've stated so

I'm not sure about the assays. I'm more confident about Creswick with the historical results but even them alone aren't moving the SP in the direction we want. I've bought into the recent property purchases and with talks of "Resources" and mining these narrow chutes, I'm holding on as i believe these could be significant Catalysts as we work towards them within the next 12 months. With the Bailleston property purchase in the Cherry tree area, I'm also intrigued to see what the 5 outstanding holes here return so all in all, I have enough confidence to stay here for a quite a long time from now

Good luck

Good sentiment at the minute TS, CB and the company making some vert astute moves. As long as focus remains on proving up both Bailleston & Creswick, like they've done for the past 10 months, I'm a happy investor. Drill the holes, get the results, get the resources. If we can outsource equipment in 4-6 week periods to generate revenue, pre production, that's a unique step you don't really see with with junior exploration companies.

Was thinking the same OilNovice

Very good results, can’t knock that. But we need the share price to rise in accordance with Bibemi and/or Senala