Member Info for Carribean2029

Blencowe Resources Plc ("Blencowe" or "The Company") (LSE: BRES) is pleased to announce exceptional high-grade drilling results from the Camp Lode deposit, which will now be incorporated in the broader maiden JORC Mineral Resource and Reserve Estimate at its 100% owned Orom-Cross graphite project in Uganda.



Highlights (TGC - total graphite content)

· Drilling at Camp Lode has delivered outstanding high grade graphite results including:

o OREA-L102, 25 metres at 9.7% TGC from 5 metres including 4 metres at 12.7% TGC

o OREA-L202A, 6 metres at 12.2% TGC from surface including 2 metres at 20.9% TGC

o OREA-L202A, 5 metres at 12.7% TGC from 7 metres including 2 metres at 16.2% TGC

o OREA-L202A, 13 metres at 9.3%TGC from 17 metres

o OREA-L203, 18 metres at 6.2% TGC from 2 metres

o OREA-L303, 19 metres at 8.4% TGC from 11 metres including 5 metres at 13% TGC

o OREA-L304, 5 metres at 11.9% TGC from 4 metres including 2 metres at 18.6% TGC

· The expectation is for the average grade at Camp Lode to be approximately double the already high average Orom-Cross grade.

· These excellent drill results will underpin a maiden JORC Standard Mineral Resource Estimate and Reserve Determination scheduled for release in March 2021.

[The announcement is reproduced in full in the attached pdf with the map of the drilling programme in figure 1]http://www.rns-pdf.londonstockexchange.com/rns/2866O_1-2021-2-8.pdf

The results, which come from the weathered, close-to or at-surface zone of the Camp Lode deposit, highlight the quality of the project's mineralisation and ultimately its ability to be a low-cost producer.

The drilling targeted both infill zones and strike extensions to existing high-grade oxide mineralization. These spectacular near-surface intercepts confirm the geological interpretations as well as grade continuity.

The Camp Lode Deposit has been subjected to a diamond drill hole program on a 50 metre by 12.5 metre grid. The drilling was designed to qualify the initial production area for the deposit as a high-grade supplement to the main deposit. Blencowe Resources continues to receive the sample assays for the additional 53 diamond drill hole program undertaken on the Eastern Syncline Lode and QA/QC checks are expected to be completed shortly enabling the company to proceed to finalising the Mineral Resource Estimate.

The holes to date have returned visible grade graphite over the majority of 30m of intersection, with weathering extending to within 5m of the base of the holes in most cases. Based on the received samples to date the expectation is for grades of up to double the 7-8% average Orom-Cross grade.

This may present Blencowe with high grade ore for initial mining which could have significant advantages for both mining costs and product quality. Subsequent logging by company geologists has also identified zones of large to jumbo flakes in the core.

The core has been assayed at SGS in Johannesbur

Sticky hands buddy. In the trade, we use “Sticks like £h*t” and it really does. I’ve got my shares glued down with Sticks Like.....
Next news and pop pop pop. Still I’ve got 8 years and 2 weeks to go....

And how did the donkey do? Probably better than me....I’m as blind as a bat these days... ;-))

Yep. Narrow spread.
Off she goes, if appetite is there.

Hi tree shaker
Unbelievably it’s closer to 7.5 tonnes for a Halide x massive turbine! That’s a 25% increase from 6 tonnes!
Demand even greater!
Good luck

Hi Mohuss,

Excerpt from 21st jan RNS

These results are in addition to the 5.25 g/t of gold over 15m from Clarke announced last month and complete the awaited assays from the 2020 drilling programme. Analysis of these data is underway and will inform an updated geological interpretation of the existing resources at Baggy Green and Barns, as well as the future potential to define a maiden resource at Clarke. This information will also form the basis for the Company's 2021 exploration programme, with updates to be provided in due course.



Craig Moulton, Director of Cobra, commented:



"I'm thrilled with these results. Against any metric, results such as 3.25 g/t over 13m, 6.28 g/t over 5m and 8 g/t over 3m are incredibly exciting. It shows that, as we continue to methodically execute our strategy of applying sound industry-leading science, the Wudinna project continues to deliver.

I think the Geo’s are on it, and going back a week or so, I received an email from Vigo comms indicating the website s/h register is to be updated. That told me the board had met so news on next steps is on its way, for sure. Ask Michael Fleming, he will grudgingly tell you to be PATIENT. ;-))

It’ll come. I think you may even see news on JV formalities soon too.

ATB

Caribs

And just thinking that through.....in the second paragraph, it opens with.....

The Warsaw Stock Exchange is a Recognised Investment Exchange whereas AIM is a Multilateral Trading Facility; the former requires a prospectus for the admission of securities whereas the latter does not.

Perhaps the level of detail in the prospectus leads the Poles to see something we didn’t...just a thought, not a ramp. I don’t read Polish, and won’t start now.

Either way, yesterday’s drop was another great opportunity to top up.

Holding

Noting price disparity.
But an acknowledgment and confirmation of PSI being in parity across both exchanges.
On we go

Thought I’d share this brief article from the bbc in Sussex.
I mentioned the other night, as has Cornish, the electrification of homes and the need to upgrade electricity networks....this is the power companies trying to understand the impact of the shift and the upgrades required.

https://www.bbc.co.uk/news/uk-england-sussex-55844053

Caribs

Hi Dan,
I guess we will see at 07:00....if news drops, I’m going to chuckle my way to work :-)))
Caribs

He may miss the 93p boat

Hhmmmmmm....what do you know?

Hi AO
I’d be interested in discussing the hydrogen with you sometime. Definitely. Even from a base metals perspective.
Caribs

And again....took another 500k.
Couldn’t resist.

Holding only 2.5m of these. But timeframes work for me.
Holding long and strong
Good luck all holders

@kevman
Great interview
Thanks for sharing
Caribs

https://m.youtube.com/watch?v=XDzpXcdjlwY

Well found China,
Thanks for sharing. You still holding your PM8?
TT raises a good point about being a takeover target, given the critical nature of the raw material and the potential for a big player to explore vertical integration, or such as BP to take on a sectoral diversification.
However I certainly hope not yet! No doubt, the ducks in terms of planning and production lined up, would see this de-risked massively (as perceived) and this is the point at which the hawks will begin circling. Let’s hope the sp reflects such progress at said point.

Have a good day all

Caribs

Hi AO,
I’m only invested in Kefi (free ride) so not really invested there, Cora is a Mali gold mine with a great Ceo of the future coupled with a terms sheet for finance and the DFS isn’t even done yet, and Well, Cobr.....need I say more?
The others are copper plays like CCZ, RMM which is copper and gold, and PRE which is a magnet rare Earth metal miner. BRES is a jumbo graphite play.
The reason? Well, to be honest, it’s because of the currency issue, or rather the inflationary pressures on currency.
Think of this. The world is about to shift to electrification on a scale we have never seen. Cars, homes, lifestyles are all going electric. Green energy, non-coal, etc, but still gas and still oil for the foreseeable future. I’m playing a thematic game.
As cars, wind turbines and other devices require huge amounts of rare Earth magnets, (7.5 tonnes per single Halide wind turbine for example) I’ve plumped a chunk into PRE....and this is even before you think about all the cars rolling off the lines with 10kg in each. It’s a hedge.
Copper the same. You need enormous infrastructure upgrades of some incredible tonnage to upgrade the electricity network to carry the current required by all this cars charging day in, day out...air source heat pumps etc as we stop building homes with gas boilers. The gauge on the copper wires required is magnitudes bigger than we currently have and that’s a choke on the progression of total electrification. Demand is expected to be significant.
Likewise. Graphite is a fairly sizeable portion of a battery in said cars.
All said, I’ve taken a thematic stance, but my main play (and concern) is gold. I’ll be honest and say that the crypto environment scares me to my wits end. The worry is not that I won’t be invested, it’s that by some fluke, that the crypto world becomes reality during my journey to retirement and gold takes a back seat. I’ve pondered it and avoided it for years now, but I see that the likes of the Uber wealthy are pushing it.....tell me, when was the last time you saw Elon musk share his secrets? Or Michael saylor? Why are they so keen to get us buying Bitcoin? So they can offload, perhaps? Cynical? I hope I’m not right for the sake of those that invest. But I’ve decided to hedge into every industrial metal of critical nature for the green revolution.
I’m invested in other sectors too, but they are outliers which will add some diversification and are cyclical. Areas such as oil and gas. I don’t expect rocket ship returns from any of my investments over the short term, but I expect them to serve me well.
Eg. I bought SENX last month and am just shy of 80% as of today. It’ll do a bag this month for me, and another this year...... I have my exit target and I’ll stick to it. Likewise, Echo 60% in 8 weeks. Rmm 60% in 9 weeks
Patience, discipline and a thematic stance with good analysis on the detail and spending time to filter poor companies -it serves me well. Each to their own.

Interesting Mr Big
I made a few Bob on Kefi and like Richy, I’m free riding on five hundred quids worth. As I was reading your post, a seagull (I’m at the beach for a few weeks) has taken a massive Zhite on my windscreen.....providence! ;-))
Other junior miners to mention that I’m in, not in any way like I’m here, but PRE, RMM, CORA, BRES, CCZ, to name a few. All of which I bought at real lows, so only wish COBR would do me the same service, but then again it’s top slices that have helped build my position here.
Holding

Caribs