Member Info for Bamps21

Thanks Bellars much appreciated

“Havieron could be a once in a generation find, no 2 generations “ David Lenigas
He’s probably right this time.
This asset is something that most investors dream of owning.
Things happen here with this share that people can’t explain.
Nobody really knows what’s going to happen here.
Any movement on takeovers in my mind will start a stampede of bidders, no one will want to make the first move.
Really looking forward to next year so much still to happen.
Panorama is the dark horse, over 6km of Paleo-placer gold deposit, a sedimentary type deposition and then the huge cobalt resources. Only negative is it’s a different geology you lot will have to spend more time in lessons:))

Hi Panama
We might be a minnow but we are a giant where all the other minnows would aspire to be.
If they changed Panorama to Panama it would be my favourite.
Oops sorry Tig :))

Hi Marco
I hadn’t altered that figure apologies :))
The vertical depth of the decline is only around 80m at the moment from surface.
It’s still in the material with the high clay content, if anyone has seen buildings site in wet clay conditions you will know how bad it is to work in.
Roof bolting in particular must be taking loads of time and they’ve been inserting metal plates to hold the roof up.
I believe the rock will happen at about 170m depth so we about half way to it

Hi Tig
If I had told you to sell SXX you would have not done so.
My friend was still buying around the 20p level after I told him to get out.
Each to their own beliefs and research.

I thought that was one of the better results night and it fell on death ears :((

Havieron:-
A multi speed development of a major mine, a joint venture with a global mining company. A leading expert in underground bulk caving.
Gold resources could range eventually to between 12-28m oz plus major copper resources and also large credits from other minerals reducing AISC costs.
PFS for a small % of the SE crescent , a major milestone.
3 new targets surrounding the Havieron ore body are being drilled
8-9 drills still working 24/7 to define the extent of the ore body
The Decline a few weeks ago reached 211m progress is accelerating.

Juri jv:-
Paterson Range East:-
Multiple gold / copper targets 12 known at present, initial drilling results have found gold intercepts at Goliath and Outamind but not classed as grade 1.
Los Diablos results but not classed as Tier 1.
Tama and Tara due in next round of drilling. Tama is a supergene target where minerals leach from a rock and form a rich layer lower down

Blackhills:-
At least 6 targets including Saddlereef (A29) 1400m long gold target one end poking out of the ground suitable for open pit.
Additional gold intercept found below existing intercepts could be another reef zone.
A Telfer lookalike target hopefully.
Gold, copper and silver target.
Saddlereef south target added
Also Parlay a bullseye feature on top of a main fault line. Now shown as 2 targets Parlay and Parlay North.
Waiting for results of Parlay and A29 drilling,

Panorama:-
A very long Paleo-placer goldfield in the 2 northern licences. Gold rock chip samples over a strike length of 6.1km following 2 fault lines
The southern licence contains historical cobalt samples over a very large area
SD stated has stated they will be progressing this next year.

Scallywag 100% owned:-
At least 12 known targets the majority of which are sat near fault lines.
Drilling of Swan and more geotechnical surveys completed and Barbossa west drilled waiting for results

Rudall :- 100% owned
Bullseye feature under explored , geochemical surveys were due this drilling campaign

Ernest Giles:- 100%
2 x 5m oz targets identified plus numerous 1m+ camps of gold deposits
Large licence which lapsed has been re acquired with an additional joining licence.
The length of Ernest Giles compares to around 2/3rds the length of the M25.

Bromus 100%:-
A mainly nickel discovery underexplored with some gold, very close to infrastructure

Warrentina 100%:-
A 10km north to south licence with 4 goldfields and existing mines.
1m+ gold ounces identified
Ready to be divested.

Firetower:- 100% owned
5 exploration zones
1m+ gold ounces identified
another 1m possible
plus zinc
Possible sale/ joint venture

Canning
2 Licences applied for and 100% owned Taunton licence
Tabletop 1&2 very exciting targets

Pascalle 100% underexplored licence between Telfer and Havieron

Hi zoros
I admit the Decline progress is slower than previously expected but the ground conditions are fairly wet.
I did warn everyone of this prospect sometime back that the initial stages will be wet.
I did expect a more substantial tunnel construction in the early stages with precast concrete units or metal sheets.
The Decline plan change has probably caused some delay.
The wet stuff should be gone by around 350m progress should gain speed then, especially if a road header is brought in.
I’ve worked in wet tunnels it’s hard work.

With regard to the 2600 there was always a 900m of additional tunnels in the contract.

When this hits rock it will gain speed, more side tunnels will assist in more machinery getting involved less reversing in and out.
That roadheader coming will be great news.

Well it’s started, who would want to take a chance trading by the next results night

Drill NOR 01 drill length 1,248m at 70 degrees

That’s 1,172m vertical depth

Drill Zipo 01 drill length 900.8m @ 70 degrees

That’s 847m true depth from surface

Assays pending

That’s optimistic news going down deep like that

Nearly 1200m deep wow

Hi Jiffy/Archways
I invested early in SXX and got excited with the prospects. I watched that planning meeting that was on line and thought then this lot are too small to do this project and sold soon after at a profit.
Big sigh of relief.

My friend is still fighting for compensation from Quindell , still spending on meetings and travelling, he’s not getting anywhere.
I can’t see the point of going down that route no one wins

I’ve been asked about what 4500 level means, I am presuming others are having that problem.

In UK we use the Ordnance Survey datum where the original Reduced Level RL was taken from the mean of the high and low tides at Newlyn in Cornwall.
This was set at zero.
In Australia they use a different mean of 5000, so if you go downwards the figure goes down.
The ore body is at 4850.
On the latest results they show a plan at 4700 slice, so that slice is 150 down into the ore body.
Each drill pad has its own starting level shown in the tables so underground levels can be worked from that

Hi the learner
Time is tight for me at the moment and limited funds available but still buying a few.
Trying to deal with my friends financial affairs has been very time consuming and moving him to a nursing home has been an ordeal.
Researching this takes my mind off things.
My portfolio is diverse and not in one sector, a time of inflation means 2 things either sell everything and put money under the bed or diverse your portfolio into areas that see less inflationary pressures.
I sold some shares in construction and put a sum into IKA placing last month at £1.20 now £1.90 pleased with that.
Had to Bed &ISA some of my Ggp shares yesterday so guilty of selling some but somehow got more when they swapped over :))

Hi Golden
The Dyke is a conundrum, the incline has caused the mining plan change.
It looks as though it will be left in as they are intending to drive tunnels through it and along it.
The right hand side is being squeezed tighter and tighter. If you look at page 13 you can see that.
Some of the ore on that tight side may not be retrieved or picked at.
On the other side though there’s more for the bulk mining which is a positive although there’s going to be one hell of an overhang.
This overhang should get supported by a big curve in the Dyke towards the crescent, if it had come the other I doubt whether it will support itself.
Backfilling the stopes on the crescent will help to support the Dyke they may cement in bolts for added strength

I’ve been analysing the latest drill results
https://greatlandgold.com/wp-content/uploads/2021/12/211209-GGP-Havieron-Exploration-Update-with-images-vF.pdf

The plan on page 10 follow 85W1 & W2 from the NW towards the Dyke, there are 2 intercepts which appear outside the ore body.
Go to page 13 section S3
These 2 intercepts have found a big blob of. Sulphides on the east of the Dyke, so the blob has been split by the Dyke.
Go up a little and you can see W2 intercepts on the West of the Dyke
Going back to the plan, the Dyke is shown at the top of the ore, find the start of W1 intercepts and that is where the Dyke is at that blob level.
On page 13 you can see the Dyke with its incline, it’s nearly 300m from its top position.

On the left on that section 86W4 is shown but it doesn’t show its full depth as the results lower down are still pending.
Follow this drill straight down, this drill goes down off the page to 1450m true depth .

Now look at both sections on pages 13 & 14 on the bottom right where you can see the ore body expanding, this is the start of what I call the lower ovoid, not been drilled yet which is why I believe the sulphide ring is not shown but something is feeding that blob.
Take a look though at the Dyke in this bottom corner it’s still inclining and the ore body is following it.

I would say deeper than what’s shown the Dyke and ore body are further east.
Remember the Dyke has been formed from movement of a lower fault line where the magma has come from, so the ore body and Dyke are trending together.

Hope you all followed that
Conclusion:-
It’s going to get bigger

Hi Ggpt
If you look at the plan of the 4700 slice which is down 150m into the ore, the sulphides within the inferred resource have expanded dramatically

The brokers targets were all reduced due to the change in the mining operation from sub level caving to SLOS open stopes with backfilling.
The backfilling has an enormous cost on the project
SLC costs $151m
SLOS 2m ton operation $381m
SLOS 3m ton operation $457m

With these increases the brokers were bound to downgrade if it was the other way round they could have upgraded

Hi Ggpt
If you multiply the drill length by 0.866 you will get an approximate vertical depth then deduct the cover of 420m to find what depth of ore.
If the G/t figure is really high you are probably looking at the sulphide ring but there are a few in amongst the northern breccia
To find the horizontal length halve the drill length, you can then scale it from the pad and find out roughly where the intercepts are

Hi Hydro
That 300m extra depth you mentioned will have a significant impact on the mining plan.
This is where the growth drilling has been concentrated in the SE deeps.
This zone could be the reason they’re holding back the Jorc update, they want to include it so that a 5th mining front can be added to the SLOS operation.
Whether this will be Inferred or Indicated I couldn’t say.
Certainly help to increase the assets

Hi Peter
My volume calculations are the same but these drill results of higher grades and depths increase the chances of my average grades to equal or beat 0.75g/t therefore increasing ounces.
23-28m ounces is still my guesstimate at the moment

Hi Jiffy/ Zoros
The 420m of cover has been laid down after the ore deposit had formed, so there is unlikely to be mineralisation from the ore body.
However the historical drills did find traces , most soils have trace elements. Leaching by weathering and water can concentrate these minerals in levels lower down. If these are in any quantities they are called supergenes. The only one I’ve heard of on Ggp licences is at Tama.
Ground trace elements of copper are about 75ppb, running a tap in your house , the first bit to come out could be as high as 300ppb which why you should run the tap for a few seconds before drinking .

Hi LA
An ovoid has an X &Y axis and height
Surface area is Pi x X/2 x Y/2
Vol = surface area x height

So if the X axis increases by 100m you have to divide by 2 =50m
If Y axis doesn’t increase then the surface area increases by 50m down to zero
Which is why I’m saying it has to increase substantially to have an effect