Member Info for Jeremiah99

f29 - Google tells me solid rock is 2.5 tonnes/ cubic metre. At 0.5% Cu it would take 80 cu mtrs to contain 1 tonne of copper and 80m cu mtrs for something approaching a (1m tonne contained cu eq.) tier 1 deposit.
That's 1km x 1km x 80mtrs depth. That's less than my previous estimate as I guessed at 1 tonne of rock per cu mtr but still a lot more than we've found so far.

The first couple of promising results at Fwiji were not borne out by the further drills and Muswema looks even less exciting. At these thicknesses the mineralisation would have to extend over vast areas to add up to 1m+ tonnes of copper, were talking tens of sq kms, a huge task if tens of mtrs of overburden need shifting.

I'm a bit disappointed at the quantities found so far but am hopeful that AA's continued interest indicates that they expect things to get much better.

As mentioned, they have included the two better earlier hole results in this RNS, holes 1&2 at Fwiji. The latest hole results are pretty paltry so on the face of it look nothing like a tier 1 deposit (which would require contained cu eq of 1m tonnes+ or something like 0.5% copper eq. at thicknesses of 100mtrs over an area of 2 sq kms)
Perhaps the geology is hinting at the mother lode being somewhere in the vicinity but the bare numbers to date don't suggest anything remotely commercial so far at Fwiji or Muswema, hence the market reaction.

Hmmm, after months of faffing about the results still look a bit underwhelming to me. Yes a couple of high grade zones but not very thick. Nevertheless, they seem to think these can be extrapolated into evidence of possible tier 1 structures, so who am I to disagree?

Possibly, as with the rest of life in general - 'expect the unexpected' ;-)

https://www.lse.co.uk/rns/ALBA/limerick-update-8kk23zd6l7y9zn5.html

"Alba's joint venture partner from 2010 to 2014, Teck Ireland, undertook a microgravity study on the central part of the licence, and completed four diamond drillholes.

The four diamond drill holes (totalling 956.7 m) were drilled in 2012. The holes were drilled to test the stratigraphy of the licence and the mineral potential within Lower Carboniferous limestone close to younger mafic lavas and intrusions (as present at the Stonepark project 9 kilometres to the north). Drillhole TC-3841-3 intercepted 6 metres of semi-massive and disseminated pyrite between 508 and 514 metres within the target limestone. A 2 metre mineralised interval within the aforementioned interval contained 0.58% Zn, and trace amounts of lead (208 ppm). The presence of pyrite is encouraging since it often indicates the presence of base metal sulphides at other properties in the Limerick basin."

Other RNSs around 2016/7 mention historical extraction of copper and silver in the area as well as promising soil sampling results.

I'm not expecting much from Limerick though it's apparently adjacent to good quality deposits. I seem to remember some old exploratory drills threw up v low grades of zinc, nothing to write home about at all. Perhaps things may be different in other areas of their Limerick license?

Don't forget that we don't own 100% of the license areas and there will be well over 1bn shares when fully diluted, so 50p may translate into 30p or so...

Yeah Nick squeeze 'em till their pips squeak! ;-)

We're right back at my original buy in price in Ortac days several years back, so I think I'm allowed to have a few doubts beginning to creep in. Let's hope my instincts are misplaced, I'm usually wrong anyway!

Multibaggerjim - from an earlier post "...gold bearing quartz is usually found in discrete veins running through a much larger mass of host rock, rather like the marbeling effect of fat through a juicy steak.
Gold found within the quartz is usually unevenly distributed resulting in areas of zero to low gold mineralisation interspersed with occasional pockets of very high, sometimes bonanza, grade occurences (up to 1kg/tonne or more) So just the fact that we have quickly encountered a long extension to the main gold bearing vein is cause for celebration. The discovery of gold within in it will come later but just the fact that quartz is there is an important prerequisite and the amount of gold in these exploratory drills is of secondary importance. The drills were hunting for the quartz veins, not for gold itself, so a big success"

Since PIs are always last to know, a steady s/p drop ahead of results doesn't bode well, IMO.

Which, BTW, would be worth over £100m even without any Welsh gold premium. :-)

If only we knew the average vertical depth of the lode extension, we could have a stab at the amount of contained gold. Google tells me the weight of a cubic mtr of quartz is 2.32 tonnes so x by the expected average 17gms/tonne, gives us 39.44gms/mtr3. 550m length x average width of about 1.25 metres (range is half metre to about two metres) should give over 800ozs per vertical mtr of lode depth. So by my very rough estimation (don't quote me!) if the extension were an avg of 100 mtrs deep and contained the same avg historical gold grades, then it could possibly hold about the same amount of gold that has ever been dug up at Clogau, in that one extension alone. OK perhaps unlikely, but you never know. ;-)

Reinforces the belief that the latest placing was badly timed and not to the benefit of we PIs.

Those pointing out that todays gold grades are not that great are just highlighting their ignorance of the type of host rock formation we are exploring. Normally gold is found fairly evenly distributed through bulk quantities of ore, and nowadays grades of several grammes/tonne are deemed commercial, so these grades would look v. modest in that scenario. However gold bearing quartz is usually found in discrete veins running through a much larger mass of host rock, rather like the marbeling effect off fat through a juicy steak.

Gold found within the quartz is usually unevenly distributed resulting in areas of zero to low gold mineralisation interspersed with occasional pockets of very high, sometimes bonanza, grade occurences (up to 1kg/tonne or more) So just the fact that we have quickly encountered a long extension to the main gold bearing vein is cause for celebration. The discovery of gold within in it will come later but just the fact that quartz is there is an important prerequisite and the amount of gold in these exploratory drills is of secondary importance. The drills were hunting for the quartz veins, not for gold itself, so a big success.

I guess it's due to softening gold prices as a result of covid vaccines arriving soon? The sky is no longer falling in...

I wish I had your (almost) constant optimism, RR.

Whether the poster is genuine or not 'RESTRUCTURING is TAKING place, and the make-up/Constitution of the former Frontera and all its constituent parts MIGHT be subject to change' sounds a little ominous to me and doesn't necessarily bode well for the continued full participation of current shareholders ..... IMO

One scenario could be that just in case the Clogau bulk sample grades prove to be mediocre the BoD have raised the cash to progress the Greenland assets next year before any s/p collapse - a sensible opportunistic move IMO.

"cause the gold price to rise"