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The historical records show reported historical production of 70,000 ounces of gold over 2km of the Deadhorse Lead within the Blue Ribbon project area, all in 19th century;
ยท Six gold nuggets between 10 and 85 ounces were recorded from the workings of the Ballarat Extension Company on the Blue Ribbon project area;
ยท The primary exploration target is the northern extension of the Ballarat West Goldfield, assumed to be the source of the palaeoplacer gold on the Tenement;
ยท Next exploration steps include finalisation of drill targets and implementation of a three hole, 1000m drill program, subject to license grant and local approvals;
ยท Blue Ribbon is now a priority project for RRAL.
Very promising.....
The plan seems good..Presumably the ยฃ75k will be invested on dead certs (with a little inside info) so could make a few quid with any investments.
POW are talking the right stuff not wishing to dilute investors..director buys this year would seem to back this up..
I think this could be one to add to on any dips and see where we end up..
Plenty to speculate on
I can't help feeling something doesn't feel right with the Munni Munni deal..
Why give up controlling interest in the project with an impressive historical JORC for 95 Mn shares in a minnow like Empire ?
Presumably Empire has made no payment towards latest drilling and testing but stands to benifit greatly from results should they confirm the asset value. This seems very odd...
Surely if Munni Munni was worth billions Artimis would partner up with a major ?
Is it just me that thinks this deal seems dare I say it..to good to be true for Empire ?
There must be something i'm missing..
First post here after a tip on the EUA board and trying to figure out what might happen short term..
My thoughts are drill results are good, deal with Artimus is completed, Artimus sell 95 Mn shares and double or treble their sell value..
Presumably placing/ placings to progress project and other projects etc..
Does that sound about right ?
Just trying to get a handle on this one and any thoughts would be appreciated
Historic reports available on the Geovic database (principally Highlake Exploration Ltd report on EL 3461, Nov 1994) note discovery of the Sardinia Reef in 1860, and report that 50 oz Au per ton was obtained from the first crushing, and that five nuggets of 124 oz Au to 750 oz Au discovered locally are thought to be from the alluvial or possibly eluvial workings on the license.
Who doesn't love a big gold strike story :-)
Louis Coetzee, Executive ChairmanToday 15:32
@Share_Talk spoke with Louis Coetzee, Executive Chairman of @KatoroGoldplc
in late June about the ยฃ1.1m Raised in Oversubscribed Placings at 1.5 pence per share #KAT Today the SP hit a High of 2.50
https://twitter.com/Share_Talk/status/1280506796147445762?s=20
https://www.share-talk.com/louis-coetzee-executive-chairman-of-katoro-gold-plc-kat-l-podcast/
Sounds very positive...
Eurasia Mining was a tiddler not so long ago..Doesn't take much to see massive gains in small MCAP Co's with interesting assets..
Can go the other way of course but you pays your money and you take your chances..at this level anyhows ;-)
With Covid effectively shutting down Greenland for this year (unless GF still plans to drill Amitsoq) the only asset GF can target is Clogau..
Gold price is looking stronger each day so surely GF could throw everything at Clogau ??
Alba spent a lot of time and money on the existing mines last year but I don't see GF following this expenditure ?!?
The recent drill supposedly gave a good indication of where they might find Gold bearing quartz but where is the follow up plans ?!?
Come on GF ffs find some Gold
If GF had any of the David Lennigas in him he'd have a couple of Ghost bidders buy the 70 grms on auction this week at circa x 50 spot Gold price...
Then RNS a significant Gold find in existing Clogau mine tailings :-)
Last time he blew ยฃ10mm going for Broadford Bridge rather than further drills at HH which had a pretty devastating effect when it was a duster..
If he goes down the same path again rather than drill further wells at HH he could be taking a considerable risk imo..
But hey it's his plan and investors money so it will be interesting to see how this one pans out...
imo etc
I notice a couple of other prospective Gold miners are doing ok today..
Gold prospectors with low MCAPS must be looking attractive to investors as Gold price is so strong..
Alba have thrown some serious dosh at Clogau so far and having identified some areas of interest must have a better than average chance of finding some..
Clogau looking more and more promising as Gold gains value..
Lets get these trenches dug, find some Gold and all start speculating as to how much it could be worth..
Imo etc