Member Info for AG1989

Yeah, i think the indications all from the 2019 drilling all pointed towards a healthy gold system of some sort

But the more they've dug into it, drilling roughly twice as much as previously drilled, they've been taken back and surprised to just how consistent these widths and high grade Zones actually are. There's nothing to me that points to this not breaching the 500,000 oz mark and to me thats being extremely conservative. Owning 100% of the project with the Gold beginning at surface is an absolute blessing

two 100g/t+**

The positive for me, they're hitting extremely high grade in every Zone, it's not just a one off at Zone A "19m@31g/t incl 6m@95g/t". Zone B has delivered two 1g/t+ hits as well as 49m@15g/t

I spoke to Bert not long ago and he was particularly excited about the 2m@146g/t hole ending in mineralisation. Very excited about the follow up here.

I always have reservations about resource upugrades and how conservative companies make them. But every set of results has confirmed on built on the 18,000m drilled 2 years ago, proving up stronger widths and much higher grade. It's going to be extremely rewarding

Correction.

49% deemed not in the public hands. Tightly held

Haha Definitely!

With such a small float, and tightly held, when the volume arrives here, this will bounce

https://www.coragold.com/shareholder-information/

Top 5 shareholdings equate to 49% of the company, very sticky. And i personally know a couple of investors building up Millions. If there's a share to sell right now, Cora would be bottom of the list. Huge couple of months coming

Expecting a couple of huge trades to pop up on Tuesday ;) watch this space

It’s going exactly how I expected with so much more to come.
Brilliant grades
Brilliant BOD
Brilliant project

Big future.

Or a JV Hortic - Welcome :D

There are numerous ways and a lot depends upon the scale of the operation too, are there any local processing plants you can get the Ore Toll treated or will it be a stand alone operation. A company, may choose to further dilute the shares to raise capital but i wouldn't favour this , share price depending because its not a case of raising £2-3m, your talking Tens of millions
GGP - with their JV partner entered into a $50m Loan agreement to progress the project and development of Havieron, which will be processed at Telfer.
Cora Gold have signed a $21m term sheet with a consortium, factors depending, to begin construction of a processing plant and mine in 2022.
There are mining loans and equity schemes also, there are many different ways to attack it. But ECR at the minute are just focused on drilling and proving up mineable resources, they're an exploration company so the Value here will inevitably come from the success of the results and assays

Have i read that wrong?

Pretty self explanatory for me. They’ve hit Gold in numerous areas. Instead of expanding the operation and targeting additional zones, that model won’t be very effective. So they’ll retarget the areas they’ve achieved success.

Not a great time to be a shareholder and I know plenty have been holding here for a long time, waiting for Eclipse to evolve. I’ve made a couple of very nice top ups, at a market cap I think we’ll see the back of.

If investors don’t believe in the future potential of Eclipse or the drilling campaign at Menzies, that research and conviction should lead you to sell. I’ve sold a couple of investments at a loss and benefited more by making that money up elsewhere. I’ve got no time for “loyalty” in this game. Look after number 1, and at the same time help others out if you can

Holding strong, and hopefully see a recovery towards the end of the year. GLA

8m@19g/t is a significant interception on its own. But there would be companies around a similar market cap screaming 1m@126g/t from the rooftops. Cora casually blend it in to one of the next RNS reports like it’s nothing. Sanankoro is a monster and they know it.

http://www.rns-pdf.londonstockexchange.com/rns/2100G_1-2021-7-22.pdf

Stumbled upon the second 100g/t + intersection, which some may have seen but I missed. Zone B really is serving up a treat.

Throughout the project they’ve hit my
6m@95g/t
8m@89g/t
4m@53g/t
2m@146g/t

Those top 3 being part of a wider intersection

But the 2m@146g/t which ended in mineralisation, is part of the high grade vein they hit a lot shallow (8m@19g/t). Within that section they hit 1m@126g/t. This figure wasn’t initially reported but on the latest PDF, you can see it on the diagram.

Just wondering how many more 100g/t+ hits the company will hit in this project. Very excited.

How many are there to report? Must be at least 3-4, potentially more.

MIDAS will save the company a lot of money at Bailleston but there will still be significant costs occurring with every campaign. Staff wages, drill rods and additional equipment, fuel.

I do think it’s important to remember though, at this stage, drilling across mineralisation really isn’t they uncommon. You only begin to drill more steep intersections bordering on “vertical” once you’ve fully identified the deposit, understand it’s structures and can begin infill drilling.

If anybody follows ORR/CORA (just for examples), the cross sections are similar, with holes drilled at an angle or dip of -60, -70, degrees etc. It doesn’t mean you can’t find longer widths by doing so, you can still hit 30/40/50m intersections it just means the deposit may be larger or expanding with depth.

Ecr are hitting very narrow intersections but they can plan future drill holes around these hits, using similar trajectory above and below and you may see and mineralisation become more broader.

I actually topped up yesterday. For risk reward I feel there’s a lot of value to potentially be had. Preferably we find shallower Gold at HR3. Some of the initial hits were 300m below surface. When you fund a campaign for let’s say 2,000m, it puts additional pressure on you hitting further mineralisation following up on those initial hits

That’s why I prefer Creswick with stronger mineralisation falling within 100m of surface. More holes, more bang for your buck and you can drill 3-4 holes for what it may take to drill 1 At Bailleston. And at this point in exploration, the company will need to be mindful of that fact, which I’m sure they are.

Lets keep them busy

Kongolasse - Yeah i see where your coming from. And I've seen it on the AIM far too many times, to try and soften the blow

But imo, "if" the company don't believe in the potential of the project and continue to invest time and resources into it, it's extremely poor management, just to save safe. I'd have much more respect for them to come out, accept it for what it is and move on, even more so now drilling can soon begin at Menzies

https://wp-empire-metals-2018.s3.eu-west-2.amazonaws.com/media/2021/06/17090113/Empire-Metals-Presentation-June-2021-FINAL.pdf

There are clearly high grade sections within Eclipse, and possibly heading towards Jacks Dream. But at the minute, there just isn't enough information to take this project to a production stage with a lot of Rock and dilution inbetween Gold

I've topped up as £5m MCAP with the current assets is a good Risk/Reward play. But in the grand scheme of things, todays RNS delivered an unwanted speed bump in the road which will take up a lot of resources moving forward in the future

The next 12 months need direction for me. There needs to be clear, concise direction as to
Building resources
Early stage production works
Financing

EEE have made all the right moves so far, delivered decent results and acquired additional land to begin drilling soon. Announced today that a small scale open pit mine is not viable and it's had 20% wiped off its MCAP and down to £5m, holding around half of that in cash

There is no guarantee, if we're not careful that the same trend cannot be replicated. Equally, this could go on a healthy run back to 2-3p, Welcome to the world of exploration, the Risk/Reward is never ending. It's a numbers game and although the grades and widths (currently) are not blockbuster, if we can begin to develop Resource numbers moving forward the market can buy into and see a future in the company, we'll see a healthy return on investment.

Not much has changed, none stop drilling. Are the drilling contractors at Creswick ongoing for the foreseeable or was Craig referring to the MIDAS drilling at Bailleston

Yeah with such a small float, and tightly held, new investors will soon be paying a premium to get on board. This will fly, in the blink of an eye

More assays coming which have been targeting high grade areas at Zone A&C. Will be interesting if they follow up on the 49m@15g/t at Selin. Resource upgrade coming and near term production.

They’re not getting a single share off me and with an average of 9p, I really couldn’t be happier here. Blessed.

Not going to dress this up as a Positive RNS or spin it in any other way to what it is. But the body language points towards extended drilling around Eclipse and Jack's dream. Let's see what the ACTIONS are, and not words. If EEE from this point on plan and actually stick another drill into the project, they clearly feel there is potential, otherwise all resource would be refocused on Menzies

£5m MCAP with drilling to commence at Menzies, I'm seeing this as an opportunity to top up here, but understand why others wouldn't

Risk/reward, welcome to the World of exploration

I've just listened and yeah it was a refreshing listen. and although I've not been too enthused about "some" of the grades coming out of the project, they're clearly achieving what they've set out to. Drilling across the mineralisation will prove up multiple veins and reefs and at different depths. Once the Diamond drill identifies the Gold, the RC rig can Zone in and prove up the continuity.

With £4.3m in the bank, another drill on the way, I'm feeling more at ease and 1.5p, but more importantly, just a £15m MCAP seems like a very good buy, but no guarantees. Craig seems just as confident than ever before and yeah it's a great listen and would advise other to tune in