Member Info for Mambamentality

The next 5 months should be exiting. With the current share price it looks to me like we could have a very good couple of months culminating with the signing of the official JV and payment of $2 million to OMI.

It looks like the finding of mineralisation at depth has made ANZA much more attractive to Agnico to the point of change the idea of moving away from APTA. Then, the potential should be something to look for.

Argentinian results should be released any day now I think which could be a good surprise.

Pretty positive update. It seems the awaited rich news period is finally beginning. APTA only represents about 5% of the strike length of the Aragon fault.

Good results at two of the drill holes.

Samples from five holes (MAP-101 to MAP-105) are in the laboratory for assay. Results from these holes will be communicated to the market when they are available.

Pepas looking better than expected; extremely positive geochemical assay results as outlined in the March 8th announcement, but the prospect has also recently seen the completion of ground Induced Polarisation (IP) geophysical surveys
Details of this new drill program at Pepas will be released as the work progresses

I though that the previous Colombia update was pretty positive and Agnico clearly sees the potential (These holes would seem to have confirmed the folding hypothesis, but of most interest was the intersection in MAP-098 of a previously unknown, thick, high-grade structure (8.35m @ 14.27g/t Au, 49.92g/t Ag, 3.93%Zn), over 100m below any previous anomalous intersections). These rigs are man portable as is the current rig, but with more power and a different configuration that allows them to drill to depths in excess of 1,200 metres. The current and previous rigs used at APTA were constrained to depths of roughly 800 metres. As announced on March 8th, 2022, recent drilling at APTA had demonstrated substantial depth extents to mineralisation, well beyond what had been previously understood. MMA has thus decided to bring in new rigs capable of exploring these depth extents more efficiently.

Petro and Sergio Fajardo are the favourites but they do not have enough support to win the elections at the first round. Thus, we will see the second round.

Agree with Dr.

I wrote before:

"Looking at Gustavo Petro's proposals. He is clearly against fracking and it is not going to be good for oil explorers. On the other hand for mining he is against open pit mining. That changes nothing, as currently it is considered that an open pit is unlikely to be successfully permitted on Colombia’s Mid-Cauca belt. Agnico is aware and clearly believe that APTA has the potential to have high enough metal value/tonne to support underground mining. For the moment Gustavo Petro does not look problematic. It could be argued that if he wins, which is too early to know, his government is going to need resources from mining to help the transition from fossil fuels to more environmental friendly technologies".

If we close above 10.94 which is the 50 day simple moving average a new uptrend will be confirmed. The next stop will be at 200 Day moving average 13.54.

Afritin is up 200% since I started following it in January 2021. Definitely, the market at some point will see our JV in Brazil as an strength. Specially as the costs of production will be low and the product can be sold locally in Brazil.

Still NT to buy in HL.

Good to see you back in the bull side Bhargav. The point here is that some of the information that Newmont and Agnico have collected, has not been made public such as the successful regional campaigns returning over 10 grams at the south or the Bleg results that Newmont did at its own lab but were not released. However, all those results have given Agnico the confidence to take over ANZA and the tools to drill effectively and give us what all we are waiting here, the full potential of ANZA. I will be a bull unless Agnico and Newmont decide to leave. Looking at the performance of Tin stocks also I think that the market has not given the Tin Brazilian project the benefit of the doubt. The share price decreased because of the announcement, however analyst such as John Mayor from SP angel agree that Tin will shine in the future with the need for electric cars and investors should get their hand in companies related to Tin. Soon we should receive the results of the rock Samples at the Argentinian project which I believe could give us a good surprise given the location.

I topped up today. Good stocks at a discount do not last forever, and usually recover in a short period of time. Look at Solgold, CGNR. at £16.94 I will start topping up again.

News to look for soon would be:
1. San Gregory mine closing completed.
2. APTA drill results
3. Beginning of drilling at Pepas - Pepino or Guaimarala.
3. Argentinian results.
4. Hopefully progress with the licenses.
5. Another Colombian project?

This constant drop has taken us to entering oversold in the daily chart which has been historically a good opportunity to add.

I see other companies which are down as much as OMI from the highs but all of them or most of them had bad news, including GGP with Scallywag which started the heavy drop. However, OMI has not really had bad news at all. A slow but consistent progress which has resulted in Monte Aguila, assuming control and looking forward to enter into a formal JV later in the year. I definitely will not be selling at this levels and as far as Agnico is happy with the project I will hold and keep buying. What people fail to see is that Agnico is not in the charity business. They have more information than we do, no only about drilling but also about licenses. I would be very impressed if we at least do not re-visit 25p before September.

Surely Agnico should be looking at the new area in ANZA.

Holes MAP-097 and 098 (Fig. 2) were a pair of deep scissor holes drilled from opposing directions to depths of 647m and 696m, respectively at APTA. These holes would seem to have confirmed the folding hypothesis, but of most interest was the intersection in MAP-098 of a previously unknown, thick, high-grade structure (8.35m @ 14.27g/t Au, 49.92g/t Ag, 3.93%Zn), over 100m below any previous anomalous intersections, with an additional lower grade intersection over 100m further down again. The considerable distance from previous drilling is highly encouraging as it opens up large areas at depth as being potentially of interest, however, more drilling will now be required to confirm this.

Samples dropped at ALS prep facility in Santa Cruz and once prepped, to main lab in Chile or Peru.

Good to see OMI giving more updates in Twitter as progress is made. Results should not take too long.

https://twitter.com/OrosurM/status/1507158285215944705

Good to see OMI moving fast in Argentina. This looks like a very prospective area:

Deseado Massif - Hosts high-grade, tier-1 gold & silver deposits

The Deseado Massif is a large area (>60,000km2) of mid to late Jurassic volcanic rocks
in southern Argentina. The region has in recent decades been shown to host numerous
high-grade tier-1 gold and silver deposits, the two largest being Anglo Gold’s Cerro
Vanguardia mine (mineral resource of 3.3M oz Au with all-in sustaining costs (‘AISC’)
of US$931/oz) and Newmont Mining’s Cerro Negro deposit (AISC substantial projects in the region include Yamana Gold’s Cerro Moro (proven &
probably mineral reserves of 341,000 oz Au & 23.9M oz Ag) and Pan American Silver’s
Manantial Espejo deposit (12.7m oz Ag with AISC of US$15.68/oz).
Gold and silver deposits in the Deseado Massif are generally low-to-intermediate
sulfidation epithermal vein style. The most substantial deposits are generally
constrained to the extensive areas of Jurassic volcanics, being dominated by major SENW structural corridors.

The El Pantano Project - Comprising nine contiguous exploration licences
Government provided airborne geophysical data (Figure 3) demonstrates that the
Project area is bisected by a major SE-NE trending crustal scale structure, which is
the primary orientation known to control emplacement of gold and silver
mineralisation across the Deseado Massif.
Preliminary field inspections concentrated on this structural corridor have
demonstrated positive indications that a major epithermal system exists here and as
such two initial prospects have been identified and will be the subject of this initial
phase of exploration

It seems these days is more important to have the backing of people in Twitter than the backing of two of the best gold miners. The performance of the share price since Agnico took over ANZA is shocking. Knowing what we know now would you have sold GGP once Newcrest assumed control? I remember GGP took some time to start moving even after releasing some good results. It was the same thing as her, sell the news until people realised the potential. Something is sure Newmont and Agnico are not taking over ANZA without the knowledge that it is something special there. At this prices, we will be rewarded sometime in the next couple of months.

There used to be a poster here. AGEOS, who is a geologist. He wrote about Guaimarala some time ago , which I guess got me interested in Guaimarala. With the finding recently of high grade rocks, surely something to look for now that they should be or should start working there soon.

AGEOS Wrote:
"Leaving aside the APTA discovery, for which infill and step-out drilling will be required at some stage, one of the most interesting prospects to emerge so far appears to be that which is centred on the Au-As anomaly identified last June (RNS 07.06.18) in the Guaimarala area c2km SW of APTA. There are positive gold and arsenic correlations elsewhere, at APTA and Charrascala but this occurrence is extensive and as is clear from figure 3 in the June RNS there are relatively high values for both elements in the soil geochemistry.

High arsenic is indicative , but not diagnostic, of late stage high-grade Au-Ag mineralization, usually as vein swarms, stockworks or brecciation, in CBM (Carbonate Base Metal) Systems, of which the recently discovered very high-grade extensions at Buritica (mentioned by MrP) are an example. Furthermore the occurrence at Guaimarala appears to coincide with the intersection of two major faults, the NW-SE Caracol Fault and the N-S Pederero Fault. Interceptions of post-Cretaceous, pre-Miocene high-angle faults in the Cauca belt appear to offer the structural setting for Miocene-age porphyry intrusions, so the inference is that there could be such an intrusion at depth beneath the anomaly with late stage Au-Ag mineralization in the periphery.

Of the 5 scout-holes drilled at Charrascala c1.5km to the NW, 4 intersected veinlet zones with significant Au-Ag and high sulphides, mostly pyrite with pyrrhotite, chalcopyrite and sphalerite. The NI Report also mentions stockworks, veins of quartz with carbonates and extensive silicification, all consistent with a CBM model. The June RNS also mentions “a well-developed alteration mineral suite” which I assume may allude to a possible thermal aureole, a further indication of an intrusive complex in the vicinity.

If the forthcoming drilling programme prioritizes the Guaimarala-Charrascala area it will probably be in anticipation of a potentially very significant mesothermal to epithermal Miocene-age resource".
"AGEOS".

Always difficult to buy even after the big drop. Incredible the reaction to the last results. I do not think many juniors around our market cap would lose 30% of more after reporting a potential new area at depth in Anza with 59.15m at 0.91g/t Au. Also the high grade rock samples in southern targets seems to have given enough interest to move there while they wait license for la Cejita.

7,500m drill programme. That is a lot of drilling. This company has provided fast and pretty good results. Interest should pick up in the coming weeks in anticipation of results.

He dis not mention timing but clearly makes semnse to move to Guaimarala once thry are done with APTA. Then once they receive license for la Cejita I guess they will bring more rigs and drill several targets at the same time which is what we really want as to generate more drilling results.

Received a response from Brad. He says in relation to drilling results that all this is in train and they will announce results as an when results are forthcoming.

As I had discussed before during the last webinar Brad said that they had found rock samples at the south which were over 10 grams. I though this could relate to Guaimarala which seems to have the best geochemistry. Brad has confirmed that they cannot release much information about high grade rock samples, other than the bare minimum for compliance and as there is a risk of attracting unwanted attention. He has confirmed that they will be working in Guaimarala first as that is on a granting license. I think Guaimarala is pretty attractive as it has the capacity of producing results which call the attention of new shareholders.
Definitely not a time to be selling but accumulating and buying the dip at least for me.

At HL 92.24 to buy and 92.50 to sell. Madness.

It is going to be difficult to punish the board of directors by selling at the current share price given that ANZA just gets better. Now open at depth and along strike and barely explored. I am not sure what can happen short term but long term surely the current share price is a fantastic buying opportunity.