Member Info for Coyote2020

Higher rate of recorded discoveries per sq km.

Gold has come to the fore. Risen from the 1800's in October to over $2000, stayed there and is forecast to go higher this year and beyond. A maiden drill programme was planned for September of last year but was postponed. Zimbabwe has more recorded gold discoveries per sq km than just about anywhere else in the world. Another great asset in the wings!

Don't get your hopes up just yet, there will be Ipswich to do next, Claydon to the bridge.

Some light relief. For the latest try the Tucker Carlson interview with Putin today. Very enlightening.

Russian invasion thwarted singlehandedly by beardozer and his Fiat Panda. Made my day!

I very much doubt it beardozer, not with those roadworks at Stowmarket. Instead of getting shot maybe you could fake a breakdown with the car in the contra-flow (westbound). There is 45 minutes atleast before anyone can reverse down and tow you out. In the meantime, maybe immobilise the vehicle (remove a couple of wheels and discreetly dispose of them) by which time the traffic will be backed-up to Felixstowe and the Russian convoy will be sitting ducks! Just a thought.

That'll be Dan!

1/ Senala Licence.

A six year JV agreement to spend US$8M for 70%. Managem, the new partners have acquired 51% for $4M. With a shortfall of an estimated $2.3M exploration spend for 70%, Managem and Oriole are in discussion to either extend the partnership, a sale or any other option mutually acceptable.

A 472.5 sq km greenfield, orogenic gold style licence area located within the Kedougou-Kenieba gold district, host to over 40M oz Au and Barrick's Loulo-Gounkoto (7.9M oz) mine. IamGold, the former JV partner were to acquire the licence primarily as additional ore feed to the adjacent Boto mine (feasibility stage) and focused on Madina Bafe one of the five prospects on the licence and nearest to Boto. Fare, another prospect further north received some drilling and delivered an exceptional result of 35m @ 3.61 g/t Au at Fare Far South. A JORC compliant inferred resource of 155k oz @ 1.26g/t Au was obtained by Oriole from 80 holes, 78 of which were drilled by Stratex at Fare South and exceptional results of 20m @ 31.13 g/t Au, 59.6m @ 2.2 g/t Au and 70m @ 1.46 g/t Au but with no subsequent infill drilling between the two, South and Far South, the considerable potential at Fare as a standalone entity is yet to be realised.

2/ BCM Signature Payment.

US$450k remaining balance of US$1M to be paid by the end of this month for 50% of Mbe, a single licence area and part of the CLP (10 licences) in Cameroon. A US$4M exploration spend is also included in this deal.

3/ Indaba Conference.

News/outcome is most likely to be posted on Twitter/X.

4/ Bibemi Drilling Programme.

See previous posting on the 5th Feb.

5/ Mbe Work Programme.

Currently being designed for the next phase of exploration hosting significant gold deposits on the northern edge of the proposed 'mineralised corridor' that runs across all five of the eastern block licences.

A very good find Analytical. This guy tells it as it is and is right in the button. We've been in a bear market since the last peak in 2008/9 with only a couple of 5 month flourishes in 2016/20. A new bull run is about to start and continue for the next 5-10 years. Bullish on Gold and battery metals, buy Lithium after a 80% correction and loads more. Good stuff.

Drilling to commence at Bibemi soon once Terra Resources have interpreted the ground mag survey and assisted in the next targeted drilling programme.

Infill and expansion drilling at Bakassi Zone 1 to improve on the JORC 375k oz (inferred) to date, with a strike length of 1.3 km open to the northeast and at depth interestingly, at the southern end, an east/west fault cuts across the northeast/southwest mineralised corridor displacing or moving it towards the west. No outcrop at surface but some drill holes suggest the mineralised trend could continue blind (undercover) from this 200-600m offset 3.5 km to Lawa West. Should Bakassi Zone 1 link-up with Lawa West as described, then maybe Bakassi Zone 2 links-up with Lawa East? Visible gold has been identified at Bakassi Zone 2, Lawa East and Lawa West. At Lawa East, mineralisation is also observed within the host rock (mafic schist) rather than quartz veins found elsewhere on the licence supporting an interpretation of more pervasive fluid flow and gold deposition, an enticing incentive no less.

All to go for imo and from an earlier post today, a good result will really get this moving.

Just goes to show what a single successful drill hole can achieve, a 14 bagger in less than two weeks and still going strong!

NOW is the point in question. Fcus on the core-assets, Luansobe, Shinganda, Kamativi, Kalahari, Bulawayo and 28001, a Kamoa-Kakula style deposit? and leave the more historic non-core assets now the realm of the small-scale/artisanal miners to run it's course. You might even become exhilarated BS.

Now restructuring the Glencore debt, IRH are shaping the whole place up. Not long before they turn their hand to increasing targeted annual production output from c.80kt to 200kt within the next 3 years. Galileo and the Luansobe project's turn will come.

Paragraph titled;

Strong track record across the mining value chain.

Seems particularly relevant.

The preferred option at this time maybe!

Had a quick read through the ZCCM news release (RNS) today, right time, right place for Galileo/Luansobe I would say.

Sounds about right, add in the XTR (podcast) discussion on adjusted strategy to maximise value in-company before partnering, jv's, sales or what have you, fits well with the current Luansobe position.

For the open-pit all the numbers are known, size, rate, volumes, etc. It is production ready. Processing at Mufulira under arrangement with Mopani/IRH once they have settled-in and have the plant up and running to satisfaction with a start date of Sept/Oct for 3rd party ore feed, there is not a lot more Galileo as an explorer/developer can do to add value at this time and a sale therefore would be an option.

I believe the licence area has been split into two also fits with the adjusted strategy. Tha ore (deeps) separated from the open-pit requires more drilling to achieve maximum in-company value.

Great to hear Bulawayo Gold mentioned in the interview. Drilling was planned for Sept/Oct last year at this prospect but was postponed with a more pressng requirement (guessing) for a drill rig at Shinganda. Wet season now in and drilling to recommence in April'24? Gold price at all time highs and holding above the US$2000 threshold makes for perfect timing.

Maybe with the current drill programme (2000m) Shinganda might reveal some of it's secrets!

Accidentally not mistakenly called it the black sheep.

Yep, interesting interview. The main take is in the summing-up when asked, "do you think this RNS will be the turning point for Galileo and an improvement in the SP."

The Kalahari is only one, Kamativi, Bulawayo, Luansobe and some very, very interesting results at Shinganda, with this stable of credible assets, any project could be transformational for Galileo and exactly what this market needs having been in the doldrums for a number of years.

Shinganda has the edge imo when DataCheck mistakenly called it the black sheep even before the days of any IOCG possibilities.