The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Dropping the sp yesterday?
They haven't started drilling on Ragged Range. They are defining where to drill on Ragged Range using the Aeromagnetic results and geochemical results of samples sent to the lab in Perth.
Application will be made for admission to trading on the AIM Market of the London Stock Exchange ("AIM") for a total of 18,000,000 Ordinary Shares, which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings on AIM are expected to commence at 8:00am on or around 10 November 2020 ("Admission")
https://www.lse.co.uk/rns/THR/us-uraniumv8anadium-project-milestone-shares-uk8hbu53ptkzejn.html
Sorry correction should read >2000ppb
Similar to GGP's Panorama prospect, where one sample was > 2000ppm far above the detection capability of their equipment.
https://greatlandgold.com/panorama/
Came across this company doing ISR on gold, not sure if it's been mentioned before. https://www.enviroleach.com/conventional
Currently up 14.28% on 2million volume
MP, with GGP's Panorama project next door to Raged Range there's also the possibility of a significant Cobalt deposit being found too. GGP were initially looking for Cobalt with the gold find as a bonus.
All buys above the Ask price. So defo buys.
Just noticed the massive delayed buys reported. Someones got confidence in Thor.
Don't forget that Mark Potter Chairman of Artemis is:
1) Director and Chief Investment Officer of Metal Tiger
2) Non-Executive Director of Thor Mining Plc
https://www.artemisresources.com.au/company/directors/280-mark-potter2
Thor not messing around.
Airborne Magnetic starts at Pilbara's Ragged Range https://t.co/2WZEzsmW0n https://t.co/Y2Kbkf4GPc
Is this an opportunity for Thor to work with MacArthur?
"Following last weeks’ announcement (see release here) the Company has already received a number of new
enquiries regarding future joint venture opportunities. This early interest augurs well for the future of the
Pilbara projects and the value potential for Macarthur’s shareholders. Macarthur continues to primarily focus
its resources on bringing its flagship Lake Giles Iron Project into production and is seeking options to advance
the Pilbara tenements to realise shareholder value without incurring material expenditure or significant
management time."
Panorama Gold Project
• The Panorama Gold Project (“Panorama”) includes three tenements covering 250 km2
, located 265 km
south-south-east of Karratha and is prospective for lithium and gold hosted within conglomerate. The
tenement group contains an extensive area of the Mt Roe Basalt which is the geological member of the
Fortescue Group that overlies the conglomerate gold horizon at Artemis Resources’ Purdy’s Reward
Project near Karratha, Western Australia.
• In 2018 the Company conducted stream sediment sampling programs across the Panorama tenements
confirming several anomalous sediment values ranging from 13 ppb to 113 ppb Gold.
https://macarthurminerals.com/wp-content/uploads/2020/09/MMS-NR-Retention-of-Pilbara-Tenements-to-explore-new-partners_21-September-2020-TSXV-version.pdf
The Panorama tenement held by GGP is the one mentioned in the RNS.
Below are links to GGP's RNS & info on Panorama:
https://www.lse.co.uk/rns/GGP/panorama-project-exploration-update-ijwbqd6cvuyf54p.html
https://www.lse.co.uk/rns/GGP/panorama-project-exploration-update-cxnz87e2pmcdk7g.html
https://greatlandgold.com/panorama/
As previously announced, a detailed, low level airborne magnetic survey covering the entire Panorama project area was commissioned by the Company. The survey is now complete and comprised 8,092 line kilometres at a line spacing of 50m with a mean terrain clearance of 30m. The data is currently being processed and imaged and when integrated with the geochemical data sets, will assist Greatland with geological and structural interpretation of basement geology and provide better definition of existing targets.
Gervaise Heddle, Chief Executive Officer, commented: "We are very encouraged by the results from our soil sampling campaign at Panorama which highlight several areas of gold anomalism along the mineralised trend. These geochemical results, combined with images from the recent detailed aeromagnetic survey, enhance our understanding of the project and build upon the work we conducted earlier this year which identified gold in rock chips and coarse gold over six kilometres of strike.
My buy is down as a sell, but hey hoo.
Bit more info on Enviro Copper website:
Copper & Gold ISR Research Updates
September 2020:-
The next stage and most important stage, is to test the lab work results in-ground in a real life situation.
The Site Environmental Lixiviant Test (SELT) will show if and how much copper can be extracted by the best environmentally friendly solutions. This will show if a potential Copper ISR mine will be economical. The planned site for this step is to access the south-eastern portion of the mine area negotiated with Light Regional Council.
This SELT step needs approval from the EPA, Dept. of Environment and Water and Dept. for Energy and Minerals.
We expect to have this step completed by the end of the year.
https://www.envirocopper.com.au/news
Thor are going to be pretty busy on news flow from Kapunda in the next month or so. This taken from their 24/07/2020 RNS
· Additional bores for further hydrogeological testing on current site south of mine - August
· Tracer test and accompanying geophysical studies - August
· Push/pull test current site - September
· Large particle saturated column leach test work (CSIRO) - July to December
· Value Metal recovery testing (CSIRO) - September to December
· Geotech drilling to SELT site - October
· Geotech/gold drilling - October/November*
· Drill/Install bores for SELT - October
· Pump test/ Tracer test at SELT site (in conjunction with geophysics) - October
· Monitor bore placement - October/November
· Push/pull test and Circulation test - October to December
*(local government council dependent)
Strange thought process there. As an investor surely you would like to see them relist? In order to relist they need to raise cash. By crowdfunding they get to raise the profile of the company, which to my mind is an effective way to do it.
So if you say potential investors need to avoid this like the plague, then your self fulling prophecy will come true. We all want to see Tally return to the market, but constant sniping about it doesn't get you anywhere.