Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Anyone who sold due to the news is a lightweight. All this crap you talk when the share price increases by 20% in one day, and then falls 20% and the BOD are to blame it is comical.
Make your minds up either stick with your investment or sell up for the big prize with balls of steel if not f off
As I was saying so the share price had dropped and you have lost xx that is the risk you take. You all know what the company has otherwise you wouldn't have invested in the first place. If it goes up 20% tomorrow i see no negative posts it';s all sweetness and light get a grip ride the storm and if you don't wan't to too sell up an move on.
I got in at at 2.9 still more tom :}
lapsed as at 31 January 2021.
Board and Management Changes
As part of the Company's strategy to continue to focus on Western Australia, Mr. Mike Struthers, CEO of Empire, will step down as CEO with immediate effect. Mr Struthers will continue as a Non-Executive Director of the Company as well as being engaged as a Technical Consultant. In this capacity he will continue to strive for a solution in the Company's best interests in Georgia, and continue to provide technical guidance on the development of the Company's projects across its portfolio. Mr. Struthers will take up the position of CEO of Candelaria Mining with immediate effect. Also, Non-Executive Director David Ajemian has resigned from the Empire board effective 31 January 2021.
In support of the new strategic direction the Company is also seeking to appoint a suitably experienced replacement CEO to lead the Company through its next phase of growth.
Mike Struthers, CEO, said: "Our continued success at Eclipse in confirming extensions to the mineralisation, and the additional opportunities being presented to us to expand our gold project interests in Western Australia, underscores the merits of the Company's new strategic focus. Empire is in a far better position now than this time last year, and we now have a good platform from which to continue growing the Company. The joint venture and negotiations relating to CMG's ROFR are ongoing and the Candelaria offer remains available. The political situation in Georgia is currently very dynamic, and we will continue to strive for a positive outcome for the Company in Georgia. We look forward to providing further updates on our efforts at Eclipse and on other fronts in due course."
Neil O'Brien, Chairman, said: "On behalf of the Board I'd like to thank Mike for all his efforts in leading the Company through some challenging times with such focused commitment and then into an exciting new project in one of the world's premier gold districts in Western Australia. We look forward to Mike's continued significant involvement in obtaining a satisfactory outcome in Georgia and technical input on the development of our successful Eclipse Project.
"I also would like to thank David for his contributions to the Board over the past year and wish him well in all of his future endeavours."
Competent Person Statement
The information in this announcement that relates to drilling results is based on information reviewed by Mr. Mike Struthers, who is a Member of the Institute of Mining, Metallurgy and Materials (IOM3), a Chartered Engineer with the IOM3, and a Member of the Australian Institute of Mining and Metallurgy. Mr. Struthers is an employee of Empire Metals Ltd. He has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian C
Empire Metals Limited / AIM: EEE / Sector: Natural Resources
1 February 2021
Empire Metals Limited ('Empire' or the 'Company')
Corporate Update, Eclipse Gold Project Drilling Programme Update,
& Board Changes
Empire Metals Limited, the AIM-quoted exploration and resource development company, is pleased to provide an update on specific strategic initiatives by the Company, along with an update on the progress of drilling at the Eclipse Gold Project, located 55km north-east of Kalgoorlie, Western Australia ('Eclipse' or the 'Project').
Strategic Focus and Eclipse Gold Project Update
Empire Metals' primary strategic focus in 2021 is the development of gold mining interests in Western Australia, including building on the continued success at Eclipse and continuing active discussions with a number of parties regarding potential acquisitions to further strengthen the Company's portfolio.
The second phase of drilling at Empire's 75% held Eclipse Gold Project is now well advanced, with approximately 3,800m of the now 4,400m Reverse Circulation programme drilled in January 2021. The drilling has intercepted a number of wide quartz veins in areas beyond and below the Eclipse old workings, and assays are awaiting laboratory analysis to determine the degree of mineralisation. Assays for two holes have been received to date:
· Drillhole ECRC21_003 intersected 8m @ 2.83 g/t Au, from 118m, and
· Drillhole ECRC21_004 intersected 3m @ 2.60 g/t Au from 134m.
Drillhole ECRC21_004 deviated from the planned trajectory, but hole ECRC21_003 confirmed the extension of the main mineralised structure at depth, further to the north-west.
Sale of Bolnisi Copper and Gold Project in Georgia
As announced on 26 October 2020, Empire has concluded a definitive and binding Sale and Purchase Agreement (subject to certain conditions) for the sale of the Company's Georgian assets to Candelaria Mining Corp. (TSX.V: CAND) ("Candelaria") for an all-equity total consideration of 7 million Canadian Dollars ('CAD'). This offer remains in place, however it is subject to a right of first refusal ('ROFR') by the Company's joint venture partners in Georgia, Caucasian Mining Group ('CMG'). Whilst CMG has indicated an interest in exercising its right, it has yet to provide Empire with an acceptance of the offer which would give the Company confidence that it will receive the full consideration offered by Candelaria as required under the shareholders agreement. Empire continues to seek a resolution to the situation which would offer the best value to Empire shareholders.
Munni Munni
As described above, the Company's strategy is now firmly focussed on the development of Eclipse as well as the acquisition of further projects that complement this asset. As a result, the Company has decided not to extend the agreement to acquire the Munni Munni palladium project (refer RNS dated 20 July 2020). This agreement therefore
Rockfire Resources plc
("Rockfire" or the "Company")
Plateau resource surges 515% to 208,278 ounces gold
Rockfire Resources plc (LON: ROCK), the gold and base metal exploration company, is pleased to announce that the Company's 100% owned Plateau Gold Deposit, in Queensland Australia, has surpassed a JORC (2012) Mineral Resource of 200,000 ounces of gold. This represents a 515% increase in gold ounces since the Company's maiden JORC (2012) Mineral Resource reported previously in July 2019.
Highlights of the Plateau JORC Mineral Resource:
· The overall gold envelope at Plateau (grades above 0.2 g/t Au) has resulted in an Indicated and Inferred Mineral Resource of:
11.4 Million tonnes @ 0.6 g/t Au and 4.0 g/t Ag
208,278 ounces of gold and 1.5 Million ounces of silver. *
· Within this envelope, and using a higher cut-off (grades above 0.5 g/t Au), the Indicated and Inferred Mineral Resource is:
3.9 Million tonnes @ 1.1 g/t Au and 6.4 g/t Ag
131,302 ounces of gold and 800,000 ounces of silver. **
· Using the same 0.5 g/t Au cut-off, a subset of the Mineral Resource at shallow depths (0-100 m) is comprised 81% in the Indicated category and 19% in the Inferred category and could potentially form an early, open cut mining opportunity.
1.4 Million tonnes @ 1.2 g/t Au and 8.8 g/t Ag
53,336 ounces of gold and 390,000 ounces of silver.
· The above 53,336 ounces of gold could conceivably form a low cost, early, open cut mining operation and Rockfire is working vigorously to pursue such opportunity. Any future production could benefit from Plateau being in proximity (within 50 km) of several operating gold processing plants by minimising capital costs for mine development.
· The Mineral Resource category and classification has also resulted in an upgrade of +37% of the gold ounces into the higher confidence Indicated level, using a 0.2 g/t Au cut-off.
· The Mineral Resource remains open along strike and at depth, leaving scope for significant, further Resource increases. Within 200 m to the north and south of Plateau, rock chip sampling has returned 12.10 g/t Au and 6.69 g/t Au, respectively. Both areas are undrilled and are not included in the current Mineral Resource estimate.
· The Company is planning additional shallow drilling in the top 100 m from surface to infill and extend near-surface gold. Deep drilling at Plateau is not expected until a gravity survey, planned for April 2021, is completed. This survey is being designed to confirm a target at depths beyond 500 m.
· Rockfire's discovery cost, based on the recent drilling and Mineral Resource is approximately £6 GBP/ounce of gold. This confirms that Rockfire is a prudent and consistent, low-cost explorer.
PLATEAU ALL
Cut-off AU ppm
Tonnes
Au ppm
Au oz
Ag ppm
Ag oz
3
45,686
4.15
bought in at 6 p I'm not going to be a millionaire and I don't want to be, still need a focus, but if this gets to a £1.00 i'm treating myself to a Tudor Pelagos and why not its cost me f all good luck to all and keep the faith good luck