Member Info for AG1989

Just checking in here

Not holding but I hold Rincon. 2m@17g/t is a very nice result, especially as this was in an area 1km SE of the main Hasties deposit.

The 22 holes remaining to report, the majority are from the main Hasties deposit so I’m expecting even stronger results.

5,000m completed, 5,000m to start late October, for its market cap, I believe Rincon has huge growth ahead of it, and possibly a JV in the Paterson with all of the majors mopping up any left over land

Which should have a positive effect for Gunsynd. GLA

Drilling at Central Menzies completed. 2,300m at pretty quick pace to be fair

But todays RNS were sampling results, and not drilling results, just to confirm what Lucky said

I still think the company are making the right moves, and making purchases which long term will benefit them. But in CB's last interview, it did sound like the JV front was closed in the near term and taking Creswick to production themselves is a distinct possibility. This was a strong Share price & Company Catalyst for me, along with the drill results. But I'm not holding my breathe for the JV and since April, the company have released several lots of "Drilling Results" and the Share price has failed to break 2p since, from its highs of 3-4p at the start of the year

Kind of putting a slightly different outlook on things now, to the one I've had previously. The continuation of drilling and results remains significant to the company moving forward. But whether they pull us from these levels soon, I'm not so sure. I believe ECR now look like a more professional outfit who will be fully equipped with all of the equipment, vehicles and essential land & properties, and this will act as a strong factor and base as the years roll on.

100% and I've always felt that, but ECR isn't on its own when it comes to this

The recent property purchases were unexpected to me to say the least at this time, but very welcome once you dig deep into the reasoning behind them. 2 drill rigs, possibly a 3rd with the RAB drill rig, vehicle purchases. Plans to build additional workshops and core sheds. Just need the assays now

5 holes to come from CT and the catalyst for me, the 8 holes or so still to report at Creswick. Showing strong signs that these narrow chutes will pay out moving forward.
80g/t
23g/t
9g/t

Let's follow this up and get on the road to production as quickly as possible. Today's announcement, the company clearly feel like its a good move so I'l trust their judgment but it's just another mouth to feed with less than £3m left in the bank. Not knocking his credentials, " underground miner, exploration geochemist, exploration and mine geologist" but at this stage, I was fairly confident we had the personnel to hand to secure our near term targets. We need to start constructing and building resources, another near term expense which CB hinted that they had lined up somebody specifically for this

Great levels for a top up "imo" with assays around the corner. Sounds like assays inbound this week and they don't hang around in releasing the results

Quiet period with plenty to come. I can easily see Cora operating in the £'s in years to come.

Brilliant company
Brilliant BOD
Brilliant ground
Brilliant projection ahead

Thanks for the summary Iaintittle

It’s just many moving parts, and I mean that in a positive way

Moving parts I believed we were years away from even thinking about. His vision is to grow this company into something pretty big. Credit to them and let’s hope the ongoing work can translate into some nice resources with somebody already lined up

I’ve read it countless times on numerous lse boards about CEO’s fleecing shareholders and taking them for a ride. If that was CBs strategy, the $A3m+ The company have spent on numerous drill rigs, numerous property and vehicle purchases, he could have simply sat on that in the bank for 3-4 years and explored at a slow, timely rate

But there’s something building. And I don’t think it’s going to be one of the overnight LSE success stories where this jumps 300-400%, but you can sense growth and in the long term, these values can be achieved and more.

Assays soon, drill rig arriving, potential licensing news. A welcome step in the right direction and starting to look a lot more positive. I’d like a nice raise before the next fundraising to limit dilution but with £3m still in the bank and possible warrants to exercise, the company sit in a promising position moving forward.

Possible dual listing in Canada and/or ASX. Very positive interview and he's hoping to release more assays very soon

MIDAS
Drill coming from China
Contractors drill at Creswick moving to Bailleston
RAB little drill rig they're hoping to acquire/rent etc

The 8 Ton Excavator was a nice surprise, fully bought and waiting on it. Will really come in handy once you you begin to mine and prepare different sites on a weekly basis. 3 drill rigs, 4 trucks, 3 properties, ongoing drilling, very reassuring.

Jundee East seems to have everything, but the historical results but we'll start producing our own in time

NZ looks very promising to me and nice to see the company haven't sat around since the acquisition, straight onto it

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/709-tsx/kl/107372-agnico-eagle-and-kirkland-lake-gold-announce-merger-of-equals-to-create-highest-quality-senior-gold-producer.html

More of a Meger, with Agnico.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/709-tsx/kl/107372-agnico-eagle-and-kirkland-lake-gold-announce-merger-of-equals-to-create-highest-quality-senior-gold-producer.html

Whispers of Newcrest in the mix but this looks like a Powerful combination with serious growth ahead of it. I wonder whether they turn sites to the Paterson in time, who knows. Newcrest & Rio have long term plans there but for the exploration sector, it's very interesting

I think the historical results at NZ speak for themselves

9m @ 5.06 g/t Au – hole BNRC017
1m @ 39.82 g/t Au – hole BNRC033
3m @ 3.72 g/t Au – hole BNRC067
2m @ 23.27 g/t Au and 40m @1.2 g/t Au – hole BNRC069
6m @2.12 g/t Au and 2m @ 12.98 g/t Au – hole BNRC051
30m @ 1.5 g/t Au – hole BNRC081
217m @0.51 g/t Au – BNRC066
10m @ 2.1 g/t Au – BNRC079
6m @2.31 g/t Au and 3m @ 2.85 g/t Au – BNRC080
28m @ 0.84g/t Au and 48m @ 1.65g/t Au (including 4m at 7.7g/t Au) – BNRC095

http://www.oraclepower.co.uk/wp-content/uploads/2020/11/ITR-WA-Gold-20201114.pdf

A lot of previous drilling below 200m but the better grades come from 180m onwards so good to see the company targeting these deep holes

Casper - Out of interest, how far are the company with Jundee?

Paddy- the ground around Fosterville really proving its worth. Fosterville South with some nice hits & E79 Resources, after reporting 11m@160g/t earlier in the year, have reported Visible Gold in numerous holes yesterday

Very exciting area and ECR has its own little slice of paradise. If Newcrest can secure Kirkland Lake it really shows the firepower they have at their disposal. Very exciting

Can't disagree Trek, it's an interesting one and thanks for Clarifying about the finances and routes to more cashflow.

Not speculation, or rumours, or anything I've heard or read on twitter, but my distinct feeling lead me to believe whether this is driven from a JV background and centralising proceedings moving forward. Or, whether it's just ECR continuing to get their ducks aligned and feel it's a more efficient way to operate

It doesn't raise any eyebrows to me, but I've just read your post Happy H and i agree, there definitely seems something behind the scenes driving these purchases forward, something for me not entirely reflected in the Drilling assays to date.

3 Holes recieved for Cherry Tree, "with 2 holes pending" and we buy property with plans for a possible future decline? Those property purchases will need to have been in an area with significant Geology which points me to think the ongoing drilling has thrown up some very favorable results or signs. time will tell

How much do the company have left, or will they have left after September is up?

"As at the close of business on 17 September 2021 the Group had £3,400,000 (USD equivalent $4,650,000)"

https://www.lse.co.uk/rns/ECR/property-purchase-within-the-creswick-license-area-d1f1w9r2x59g3im.html

Still to be paid "The purchase price of the property is AUD500,000, which is to be settled in two tranches, consisting of a AUD$$50,000 deposit which has already been paid and the balance to be paid on 27 September 2021"

https://www.lse.co.uk/rns/ECR/property-purchase-within-in-the-bailieston-license-area-stjtkcr4rqyepo8.html

"The purchase price of the property is A$750,000, which will be settled in two tranches consisting of a A$75,000 deposit, which has already been paid, and the remaining balance which is to be paid 30 days from the date of sale."

I assume this is still to be paid, it just says within 3 days of the sale.

I actually don't mind these purchases as it shows intent for moving forward with future operations for the company. But the finances did come to come. £5.8m in April after the fundraising, when the company have settled the figures for the other properties, your probably talking £2.5m-£3m.

By no means skint, and still funded to continue with ongoing activites, I'm just looking at Catalysts in the near term, so when extra fundraising is required within 12-18 months, we can do it without introducing another 300-400 million shares to the market. Still remain Bullish about the Geology of Creswick, it's up and coming Results as well as any JV movement. 3 Property purchases and 2 Drill rigs really sets the company up long term in terms of exploration and future planning, let's hope it all comes together to deliver some near to mid term Resources

Snip, see my post above. Just refreshed the thread on another tab, the finances did come to mind but moving forward, the company believe it will strongly benefit them

Just had a quick scan, it's a purchase outside of the current licenses

"A$887,500, has been settled in full" Around £400-500k? Alot of money but it sounds likes the company have long term plans in the area. Living quarters to reduce the companies hotel bill, plans to build Storage facilities, Core sheds and maybe plans to explore the property itself with visible Quartz apparent throughout

Not an RNS I've been expecting but certainly a positive one for me

https://www.londonstockexchange.com/news-article/ECR/property-purchase-in-central-victorian-goldfields-australia/15150696

#ECR - 3rd property purchase nr Bendigo, Victoria Goldfields:

~59 acre property within easy reach of Creswick & Bailieston
~New Core Shed, Storage & Workshop site
~Big savings in hotel & property rental costs
~Quartz visible across the property