The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
bsg - did you read the link? The previous Kapunda drill results are printed there for you in black and white?
If a junior miner on AIM pulled out that gold drill result in today's market they would go to a market cap of about £50m in a day!
Kapunda gold exploration drilling should be kicking off this month. These will be the first drill results from THR for 2021. Virtually guaranteed to deliver good results given historical drilling. See the previous THR press release on this subject.
https://www.investegate.co.uk/thor-mining-plc/rns/kapunda-gold-recovery/201904020841218104U/
Kapunda drilling for gold should be starting in Jan. This is almost guaranteed to deliver good results given the historical drill results at this site - see the previous THR press release re. gold at Kapunda.
https://www.investegate.co.uk/thor-mining-plc/rns/kapunda-gold-recovery/201904020841218104U/
I agree and wouldn't get too hung up on individual drill results. Patersons is a regional play NOT a Havieron play.
IOCG deposits tend to cluster ie. multiple deposits within the same area and this is no different.
We will see this play out as both GGP and ARV uncover new discoveries during 2021.
I own both and I'm bullish both.
DYOR and GLTA.
Mining exploration companies are not obliged to announce dusters.... BUT it can take up to 10 weeks to get assays back from the lab. I believe Intertek in Perth are opening another lab in Jan so assay turnaround should speed up going forwards.
It will be interesting to see when ARV come out with their drill results re. timing.
I think we are all agreed Mick is not CEO of the year, but that's not really the point this time round is it? They have acquired some highly prospective properties (Ragged Range, US uranium, Alford East) in the last 12 months that have real prospects for advancement and some good drill results in 1H 2021. If Thor were such a basket case why is MP still on the board of Thor? I'm sure he has many better opportunities to pursue so he must see something interesting here...
MTR are clearly selling, but what about ARV? We appear to have one investor that is selling out, another that has recently bought in? It is very confusing I know but that's the reality.... Having a read of the latest ARV announcements these guys are no fools when it comes to gold exploration in the Pilbara.
jr8409 - you talk about gold grades being mediocre. You do realise these are stream sediment assays at Ragged Range? Stream sediment samples are by their nature always low grade and in fact if you read up on the subject you will find that Thor's Ragged Range stream sediment samples are actually very high grade! As for Kapunda - do you think 95m @ 3.06 g/t Au is low grade? See page 9 of the latest presentation. If you think this is low grade then you are in the wrong stock and should be investing in Kirkland Lake Gold (TSX: KL).
I've heard Artemis will be updating the market on Patersons next week. It will be interesting to find out what they have drilled and how this relates to GGP. Obviously more upside in ARV given current GGP vs. ARV market cap.
If we don't hear from GGP next week re. Scallywag then it means Scallywag was a duster IMO.
To be fair you can't expect all holes to "hit". That's not the way it works in exploration.
I'm not worried at all by today's share price action. Lots of news on the way from THR and the share price will bounce back. Gold market a bit crappy at the moment but even that will stabilise soon in my opinion.