Member Info for DrRemington

One of the finest aspects of investing here is the vast amount of mapping and sampling undertaken by MMA before Orosur got back 100% ownership.

150 staff on the ground at Anza for a decent amount of time... We've seen and heard about the sampling data from the south of Anza, this we already knew was obviously excellent as it was common knowledge that the majors had already set up a camp down there in anticipation of drilling, before they eventually pulled out.

That camp is still there and ready to roll.

I wonder how much information the board have from other unseen parts of Anza? Aster was the newest addition to prospects of Anza when the majors were in charge, in the south west of the project. Could we eventually see mapping, BLEG, sampling data from down there?

Nor have we heard about any other metals detected from Pepas, Silver and Zinc was in abundance at Apta, though that deposit it thought to be a VMS.

Exciting times ahead.

ISA renewals will soon be in motion. Get your ISA's filled folks, Avoid those un-neccessary tax bills.

Very good reading over there terrence. Here's two interesting posts:

'Have to think we are getting assays in a week or two max. Along with guidance related to other targets. Management at PDAC was very up beat. “You can mine this like a rock quarry, it’s so inexpensive to run dirt up there!”.

“We’ve moved into the very early stages of what it would take to get extraction permits.”

“OMI was a producer in this past. I think will be a producer yet again.”

I can tell you first hand because it was me who made the connection. Lundin Gold now knows about $OMI. I approached their booth, shared info of the discovery. Then moved on. 15 minutes later I am at the $OMI booth and guess what happened… Lundin Manager who was in charge of their booth left it to come see the OMI data first hand. Just so happened the guy was very experienced in Colombia too and has explored the Mid Cauca belt west of Medellin before. First step ✅. Owners of FDN, now know FDN 2 has perhaps been discovered.

Here is hoping the ground sings in the next set of results. If they do, we are now being watched by one of the top performing gold companies in the world, eager to continue their growth.'

'60koz/yr at $500/oz AISC is $144m profit per year. Because the resource is a hill, they can just open a cut into the hill. So strip ratio would be 1:1. The lowest cost open pit gold mine in the world is in the $400-$500/oz AISC. We would be in that neighborhood. Wouldn’t be a massive capex. Maybe $75m - $150m. Meaning 6-12 months payback. Would get 10 years of ops at these numbers based already on what is loosely known.

I'd imagine after the drone survey Legal. I don't think they want to start pecking randomly like Agnico did and risk wasting cash / hitting dusters.

The key for now being Pepas 2, if initial drilling is positive after the Drone Mag Survey, then they'll ramp up personnel, look at adding another rig and then its entering resource definition mode.

Thanks Rob for sharing that email.

It sounds as though Brad is now counting Pepas('s) as a discovery.

Taken from the Canadian forum:

'Based on assertions the team was making at PDAC. They think they could get this into production for very, very cheap. Allowing dilution free funding for the exploration of the rest of the project. '

Lets hope Pepas 2 follows suit, though it is not the be all and end all if not.

Isleworth, there’s some serious scenarios that could happen here.

Early days yet, let’s see what Pepas 2 says. I think that will determine which route the board will go down.

Either way the market cap here will be growing substantially this year. Very exciting to see what moves are to be made.

Taken from the Canadian board as they discussed Pepas as a mine:

https://education.kitco.com/precious-metals/highest-grade-open-pit-gold-mines-q1-2020

What’s interesting is Pepas currently would be in the top 4 high grade open pit mines on the planet, if averaging 5g/t. Though still early days for that talk, for now….

what the company could also have in their ****nal, is mapping and sampling yet to be seen by the market from other areas of anza.

mma spent north of $30m on exploration on anza, not that many metres were drilled. they had 150 staff on site for some parts.

to put it briefly, they got 100% ownership of a project that has had vast amounts of feet on the ground for many years, mapping, sampling, documenting info.

the envy of many a junior i’d imagine.

Taken from the 22 October 2024 RNS - Colombia Update:

El Cedro and El Roble were two prospects to the south of the Project area that were first identified as a result of mapping and geochemical surveys by Anglo American before the Company acquired the Anzá Project.

As with Pepas, the region remained largely untouched until the abatement of Covid.

Geological mapping and sampling began in these southern prospects in 2022, ramping up in 2023. Interpretation of later mapping and sampling results suggests that El Cedro and Roble could potentially be different parts of the same porphyry system. Porphyry lithologies and alteration assemblages have been mapped over a roughly 2km x 2km area, with extensive areas of quartz veining with highly anomalous gold values up to 10g/t Au (Figure 7).

Following the technical completion of the SPA, which the Company is actively progressing, the Company plans to mobilise geological teams to map the area in more detail, with the objective of identifying drill targets.

There is also a detailed image on there showing the locations of the sampling, East of El Cedro looking the most appealing.

Rob, in regards to the south of Anza, specifically El Cedro. The fact they've penciled in mapping and sampling down there to re-confirm MMA's exploration points to a possible future JV in my opinion.

We know the current team have enough on with just Pepas at the moment, but will ramp up staff and activities should Pepas 2 show well.

Argentina will be handled differently with Geo's from down there. The short days will start in the next month or two, but that won't rule drilling fully out.

It could well be BT, I can currently sell about 380k in one go. Brad has confirmed he had 3 days of meetings with institutions from UK, Europe and North America plus Louie has been at PDAC the last few days.

I recall saying a fund / institution was adding in December, only to be ridiculed by the usual negative brigade. Lo & behold we then got the TR1 confirming the Dynamical Metal fund had taken 7.4%.

Colombia is one of the hottest countries for Gold at the minute.

Agnico are still present, maybe not in person. They hold equity in Royal Road minerals, they recently did a strategic placing with Collective Mining for the sum of $10m.

They were also eager to keep a interest in Orosur. I've a feeling we may see them someone provide funding of some sort here in the future.

I think you know ORCP aswell as I do Legal. Hopefully they pump it like a couple months ago and I’ll be fully out, not a good company it seems.

Theres lot of big boys in Colombia.

Collective Mining is in Colombia £390m market cap exploration company.

Hitting gold grades over 4.5g/t consistently, is not true. They hold only 20% of the project.

But get it pumped for me, if it gets anywhere near it did last time ill be fully out.

Good luck.

'Hitting gold grades over 4.5g/t consistently.'

Ben explain how ORCP, or Riversgold even are hitting grades over 4.5g/t consistently?

Do you mean Orosur are hitting grades over 4.5g/t consistently? As that is true.

Similar grades... Nothing near mate.

The best two intercepts they've had : 8m @ 4.86g/t & 7m @ 4.07g/t. Most others are 1m / 2m / 3m @ under 2g/t.

Plus they own 20% of the project. To be honest if they are that good grades consider Riversgold, they own the other 80% and there market cap isn't much more than ORCP.s

Read it on that day mate, i've held here a few year.

8m @ 4.86g/t

7m @ 4.07g/t

The best two. Small Intercepts of decent grade (High grade is over 5g/t)

Orosur's Pepas prospect of Anza.

Pep12 = 66.75m @ 5.64g/t Au - From Surface

Pep13 = 77.3m @ 7.68g/t Au - From Surface

Pep14 = 75.1m @ 5.58g/t Au - From Surface

Pep15 = 40.2m @ 3.75g/t Au - From 23m

PEP016 = 43.7m @ 3.13 g/t Au

PEP017 = 40.2m @ 2.06 g/t Au

PEP018 = 54.1m @ 6.01 g/t Au - from surface

PEP019 = 44.3m @ 1.63 g/t Au - from surface

PEP020 = 54.65m @ 1.94 g/t Au - from surface

PEP021 = 107.05 @ 6.22 g/t Au - from surface - A once in a decade type intercept.

PEP022 = 76.3m @ 7.24g/t Au - from surface

Uncomparable.

Ben, how long you held here?

The company is, it seems to me anyway, a lifestyle company. Naheed has rinsed the company dry.

I used to think the fact she held a large amount of stock herself that it was a big deal. The placing prices are getting lower and lower and she gave away 80% of the gold project for next to nothing.

The 5 year chart speaks for itself, 98% down.

I hold a paltry amount here for THAR & GH. Sold the majority in the last good run. It is now at a quarter of that price.

Owning 20% of a gold project, where the majority holder has a lower market cap than ORCP does doesn't really scream investment..

But, I hope ORCP gets a break and it comes good.

Comparing it to OMI is a joke. They own 100% of one of the best gold projects on the whole of the AIM market. you dont see 107m @ 6.3g/t from surface and likewise very often. Thats just Pepas prospect of Anza.

Apta prospect of Anza has had 40,000m ish of drilling and is expected to have a MRE of 1m-2m oz. Also high grade.

Ben, I sold my ORCP in the run up to 0.06.

They hold 25% of a project with the 75% holder has a lower market cap than ORCP does. They’ve had mediocre grades..

You think OMI have a high market cap, look at there neighbours Collective mining. Solely exploration, zero resource on paper, currently £390m market cap.

The mid cauca belt region is one of the best post codes on the planet. Hence the high grade from surface.

Drone Survey expected back before the months end ID.

Drones are now used in alot of different industries / ways and are much more practical / affordable than the days when it was relied upon helicopters.

Ignore him, he relies on here for any social life. That is quite apparent.

Already confirming he’ll spend his alledged holidays sat on here aswell. That to me speaks volumes.

Good to see Twitter staying active, Pepas 2 will hopefully be lit up like a christmas after the drone survey.