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ECR Minerals believes its Creswick gold project will be “transformational”

15:35 08 May 2019

https://www.proactiveinvestors.co.uk/companies/market_reports/219868/ecr-minerals-believes-its-creswick-gold-project-will-be-transformational-219868.html

Shares outstanding 445.84m
Free float 341.26m

Low number of shares compared to GGP & SOLG.

Drilling identified more extensive quartz than anticipated, in a zone exceeding 60m in width (more than twice the 25m width expected) with quartz identified in over one third of the 1,687 metres drilled;

The majority of drill results have now been received and are being reviewed by the Company’s technical team. Of the 17 holes drilled the Company has identified gold mineralisation in all holes so far with grades in 9 holes ranging from 0.6 g/t gold to 44.63 g/t gold (1.44 oz per tonne);

Hawk

That's from CEO on the RNS!!!

'...grades in 9 holes ranging from 0.6 g/t gold to 44.63 g/t gold (1.44 oz

per tonne)...' that's amazing, this has surely been missed...was trading around £1.50 looking back at the chart....this could do what SOLG did a few year ago imo. Big result well done to management:-)))

Technical review of the drill programme and assay results has confirmed elements of the complex geology at Creswick and confirmed that the gold mineralisation is ‘nuggetty’ in nature

The reason for this potential understatement is that nuggetty gold may be missed when samples from the reverse circulation drill holes are sent for assay. This arises from having the gold concentrated in a few large particles reducing the chances of a gold particle being captured in a small sample.

In respect of the Creswick programme typically 1 metre of reverse circulation drilling collected a 30kg sample. From each 30kg sample bag typically 2kg was sent to the assay laboratory, pulverised and subjected to the Leachwell method of analysis.

This means that from each 1 metre sample bag 93% of the contents were not initially tested and any nuggets within that untested portion of the sample would not be represented in the assay data

The question we have to answer is how much gold does the DMS hold that would be amenable to a bulk tonnage gold mining operation. We are closing in on the answer and the directors believe that the outcome has the potential to be Company transformational and is therefore deserving of our close attention.

We eagerly await the findings from the whole of bag gravity concentration work and will report back to the market as significant developments occur.”

From a trial sample bag tested from hole CSR011 a nugget has been found in the previously untested portion of the sample and overall the sample has demonstrated gold of 11.8 g/t from whole-of-bag gravity concentration, some 528% greater than the 1.88 g/t assay result

Mcap only 4.2m What was GGP’s Mcap 25m???

More
“We aim to deliver significant value for our shareholders” - #EQT CEO Ian Price

Billingham Project:
-c. £40 million value to #EQTEC
-c. £1-2 million value for O&M annually for 20-25 years to #EQTEC

Total: £60 million to £90 million value to #EQTEC

#EQT #EQTEC $EQT

6:00 am - 8 May 2019

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Just seen that CEO tweet! WOW!

https://www.boerse-berlin.com/index.php/Bonds?isin=XS1531306717

bonum filtered! Enough said!

https://www.proactiveinvestors.co.uk/companies/news/208896/canadian-overseas-petroleum-in-talks-with-large-oil-service-provider-208896.html "We are delighted to have been approached by another large oil service provider, which is very familiar with the region,” said Arthur Millholland, COPL chief executive. “Not only are they offering the provision of services, but also financing. This level of interest reaffirms our long-term view that OPL226 is an attractive opportunity with significant upside potential.”

CEO: -Grossly undervalued stock by the market. -Performance $7m Bond RNS imminent. -Well known Service Provider to be revealed once documentation signed. -Appraisal Wells not exploratory . Oil is present in abundance. -Fall from 0.3p on false rumours. -Funding coming from ShoreCan Nigerian petroleum partner. See interview on LSE media site. Someone mentioned possibly potential 1000% rise coming, or 1.5p on next news.

Listen to CEO in LSE interview: check COPL media -Finance coming from ShoreCan! -Market doesn’t realise how undervalued COPL is! -No equity issue! FFS.

The RNS of the well known service provider.

Hope it's coming next week!

COPL begins Nigeria’s oil drilling

Published 4 days ago on April 30, 2019
By Adeola Yusuf

COPL begins Nigeria’s oil drilling


…Signs LoI for jack up rig







Canadian Overseas Petroleum Limited has signed a letter of intent (LoI) with an unnamed offshore drilling company for the use of a jack-up rig offshore Nigeria.

COPL plans to use the rig for an appraisal drilling program over the NOA 1 discovery made by a previous operator in 2001. The discovery sits in the OPL 226 offshore block located approximately 50 km offshore the central delta region of Nigeria.

The company said in a statement last weekend that its Nigerian Affiliate in March, signed a non-binding (LoI) with an offshore drilling contractor for a new build high spec jack-up drilling rig.

https://www.newtelegraphng.com/2019/04/copl-begins-nigerias-oil-drilling/

Reckon RNS Tuesday! MM’s not letting sp fall below 0.13p regardless of the sellers! They know news is coming!

Will know by 17th May not 30 days!

Meeting decisions will be made within 14 days for Type A meetings and 21 days for Types B and C meetings.

https://www.raps.org/regulatory-focus%E2%84%A2/news-articles/2015/3/meeting-with-fda-here-s-what-regulators-do-(and-don-t)-want-from-drug-companies

From article today Dubai's Sheikh Ahmed takes a stake in Nigeria's MX Oil with plans to 'personally steer the business' https://www.upstreamonline.com/hardcopy/1766754/uae-equity-wakes-up-to-african-opportunities

Sheik coming on board soon! Awaiting RNS! Great find NaPom