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My gosh.... we are back to the fun stuff...
Don’t trust the trade colour btw…..
Today they trick you….
Gosh... this basic stuff eh!
Happy Friday ECR-lovers!
I have resisted posting much but as it's nearly the weekend......
This week's Lolworth RNS was a nice sensible summation of progress and work on what is a large greenfield licence. All the works carried out shows good promise for the future and justifies the next steps in exploration. There is nothing 'bad' in there. The next logical steps will commence in the spring. (tick)
The new team at ECR, who have interesting reputations and pasts, are doing exactly what they said they would from the outset and have critically commenced selling off some non-core assets. (tick) I'd expect a bit more of that. They have also commenced some fast and low cost drilling back on the most historically fruitful Victoria site. Not a bad idea it would seem. (tick... or big tick in waiting)
Lots more communication than before (tick), via all the usual channels. Why ever not??? I want a pic of the drilling rig and I want to see the depth sample boxes at Davey Road. Why wouldn't you? The local chap picking nuggets of surface was great!
It's pretty clear what will get this party really started. Some decent grades from the recent Davey Road drills. Same from coming Cuboid. Any JV on other Victoria licences... surely too much for ECR to do on its own, considering the spring return to Lolworth.... and Konda-P.....
Cripes, there is soooo much they could do..... any hits / wins / sales / deals will send this significantly north from here because here is an MCap sub ÂŁ4 million for an explorer in a safe jurisdiction with multiple licences in the right places.
Foolish posts about nuggets and bars will continue, but all those posting, many who have been in ECR longer than I have, know exactly what is at stake. I suspect few, or more precisely, none are actually unhappy with the changes since last October.
Happy 2024 ECR. ?
I knew you meant Cuboid.....
Based on the extensive knowledge on here... when might one reasonably expect hole 2 to be complete do we know?
They are long drills so I know they take a while. Hoping for some new core picture on Twitter/X.... obviously hole 3 same location but different angle to speed matters....
Any kind of decent hit and this will bag…..or multi-bag.
You have to place your bet to win on the nags. Just watching gets you nowt…
Yes... there is so much news in the pipeline and the next wave of RC drilling at Creswick... the X news flow will be starting very soon I'd wager....
Really great read... more reason to bid like F for ATM
Trying to picture 100m of copper zone down there.......Nice!
Something is telling me this will happen... how, when...... pretty exciting!! GLA
Thanks Brentharg
Very interesting to read. Mad things those Cosmic rays!!! The Chemistry/Physics reads like science fiction but a cool way of locating and proving the presence of denser material/elements in rock strata. Will be very interesting to see the results.
I assume the tool used is not available at Argos hence not wanting to risk it's loss in a fracture section of drill hole....
Hi Audio,
I did not say that I did not like the way it is trading.... I was saying that I think that ATM as a company and ATM's management would not want to proceed with a 'low-price' sale as has been announced at Shanta.
Obviously I am calling it 'low-price' but SHG management might differ in that view. However, AV has already implied that he declined a big money offer from an interested Chinese party. As we know the Chinese have been very active in snapping up Lithium assets across Africa.
ATM will have been aware of this and have already shown a desire to stay independent. I think they would like a partner to fund a significant development and ramp-up but not an outright sale. The Namibians would like a fair chunk for 'their' mineral asset as well as foreign investment and good long lasting jobs for both skilled and unskilled locals.
All needs to be balanced hence a deal may be taking longer than previously envisaged but I don't think we will see a 'swoop and take it all' deal here. At least I very much hope not.
Recent trading has seemed to be pushing the SP to hold at a level between 5-6p. Reasonable if you look at a longer timeline graph but arguably very much undervaluing the assets. I think this is not accidental but what the hell do I know..... we should find out soon!
Jo Battershill, Chief Executive of Anglesey Mining, commented: “We are very pleased to have finished the first drill hole into the Northern Copper Zone and get confirmation of both our geological and mineralisation models. The mineralisation from the lower zone, currently interpreted to be the Garth Daniel Zone, is particularly encouraging. As previously disclosed, the samples from this drill hole will be sent off to the assay laboratory as soon as possible and we look forward to potentially receiving the results during Q1 2024.”
“The next hole in the program is designed to step out 200 metres to the southwest and provide infill drilling pierce points within the Northern Copper Zone. Converting the upper levels of the Northern Copper Zone from the Inferred category to the higher confidence Indicated category is the key objective of this program. Our current planning is to drill two holes from the new-collar position to reduce any down time between holes – changing the angle of the rig should ensure the targeted pierce points are achievable.”
“We were originally planning on completing the downhole Muon survey on NCZ001; however, a zone of broken ground at a depth of 390 metres – interpreted to be large fault – would present a risk to the survey tool and increases the chance of losing the tool down the hole. Subsequently, we will aim to conduct the Muon survey upon completion of the next hole.”
Anyone technical know about the Muon survey process???
Yes, you really should prepare for what is coming next year, in only a few short weeks. This will include the results of the recent RC drilling and I suspect some 'whole of bag' samples tested.... fast and dirty the old RC drilling... look back at 2019 Creswick samples...
Victoria is full of gold but the previous drill Midas was the wrong tool... Mike knows this and Adam too. He was surely just doing what our late CEO asked him to.
Prepare for 100% plus gains from here when you have 2, 3, 4m at 40/60/80 g/T
Prepare for further drilling at Creswick led by pathfinder elements in soil.... the next drill set after Davey Road is lined up.
Prepare for more asset sales and drilling in Queensland. Multiple fronts to bring shareholder value.
Prepare for a JV on one asset to be realistic with cash..
Prepare for next raise at .5 or .6 or .8p....
Get prepared now..... Happy Christmas and an even happier New Year. BH
Maybe tiger .... but I think AV and team .... AND the Namibian government will play a much more active role in what happens here an I do not think we will see a Shanta-like situation arise with ATM
This is a MUCH bigger and more strategic resource. What ATM have is an important and uncommon thing... not a couple of mid-size gold mines.
Prepare for 'whole of bag' samples tested.... fast and dirty RC drilling... look back at 2019 Creswick samples...
Legal... I think you are wrong to dismiss Victoria... entirely wrong. Midas was the wrong tool... Mike knows this and Adam too probably but he just did what he was told I suspect.
Prepare for 100% plus gains from here when you have 2, 3, 4m at 40/60/80 g/T
Prepare for further drilling at Creswick led by pathfinder elements in soil....
Prepare for more asset sales and drilling in Queensland. Multiple fronts.
Prepare for a JV on one asset to be realistic with cash..
Prepare for next raise at .5 or .6 or .8p
Get prepared now..... Happy Christmas and an even happier New Year. BH
Back in AYM.... wish it had been a month ago...
Sexy looking core and hopefully lots more of that to come...
Serious resource of the metals we will need... right here in UK. Several big holdings RNSs
Buy and wait. Not always everyone's favourite strategy but looks like there is plenty of metal down there. Need to get a nice fat indicated resource!
Looks like SP being 'worked' to a price.....
To aid an investment at a certain level????
I do think 2024 will be the starting of the main game here.....the time has come.
Sale of assets as promised. Extra money for exploration activity... with salary sacrifice scheme... exploration is the name of the game!
Glad I bought another 7,000,000 of these bad boys..... not today obviously....