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-------RED ROCK RESOURCES , VICTORIA , AUSTRALIA, NEXT DOOR TO SUNDAY CREEK [SXG] @KILMORE.----------
Link: https://www.branduk.net/power-metals-resources-pow-gold-exploration-update-victoria-goldfields/
"AJAX MINE [Daylesford , EL 7330]: Historical mining continued up into the 1930's PRODUCING =====300,000 OZ AU GOLD AT AN AVERAGE 12-15 g/t au GOLD. " [[FROM THE MAP, AJAX IS CLOSER TO ---BALLARAT GOLD MINE----Victoria."
------
RRR KILMORE: [1]
" A 809km sq land package LESS THAN 5KM===WEST FROM ---------SOUTHERN CROSS GOLD ===-SUNDAY CREEK----, [a shallow orogenic Fosterville style deposit]. KILMORE has strong antimony anomalies over structurally complex sediments." Pg18/38, Sep 2023 Presentation, POW. https://www.powermetalresources.com/wp-content/uploads/2023/09/POW-Presenttion_September-2023.pdf
"BERRINGA: 300,000oz au gold historical mine with AN ====UPSIDE EXPLORATION TARGET OF=== 0.28===TO 2.9MOZ oz gold=====
within 1,231 km sq land PACKAGE SURROUNDING BALLARAT MINE."
----------------
RRR KILMORE, VICTORIA, AUSTRALIA [2]
https://www.branduk.net/tag/kilmore-prospect/
"RRAL HAS COMMEMCED WORK ON THE --------EASTERN MOST TENEMENT immediately north of Melbourne....HISTORICDAL strong antimony anomalism identified in regional ASTER REMOTE SENSING DATA. 1st pass historical research has UNCOVERED ----the DONNYBROOK gold field, where PRODUCTION from the mine was from 0.25m narrow veins which reportedly returned VERY HIGH GRADES of 4g/t a ton [[[[APPROX 1 2 0 g / t gold."]]
FURTHER WORK BY IN THE IN-COUNTRY OPERATIONS TEAM ON THIS PROSPECT IS ONGOING with a view to ===DETERMINE IF THE STRUCTURES DEVELOP AT -----DEPTH AND -------ALONG STRIKE."=====
Comment: So, looking at the SUNDAY CREEK HISTORICAL PRODUCTION of 4 1,000 oz of gold produced @33 g/t gold, one can see that RRR AJAX , BERRINGA as above HAD ======HIGHER HISTORICAL PRODUCTION than Sunday Creek.
POWER METALS HAS DONE A LOT OF WORK ON RRR KILMORE AS ABOVE BUT ============THE WORK OF THE GEO TEAM TO DETERMINE IF THE SUNDAY CREEK MINERALISATION OR THE DONNYBROOK MINERALISATION EXTENDS =======TO DEPTH AND STRIKE [like Sunday Creek]============HAS NOT BEEN ((((YET REVEALED.)))).
So, waiting for the CPR report due on RRR AUSTRALIA and RRR intends to IPO in Australia or sell.
News, Wed, 10 Apr 2024. DYOR. NIA.
RRR AUSTRALIA, VICTORIA @KILMORE, NEXT DOOR NEIGHBOUR AT --SUNDAY CREEK:
"Sunday Creek: Historical gold mining between 1880-1920 occurred over a greater than ----------11km----TREND- where TOTAL PRODUCTION is reported at ------4 1, 0 0 0/oz gold at a grade of 3 3 g/t gold. DRILLING in the 1990-2000 focused on SHALLOW, PREVIOUSLY MINED SURFACE WORKINGS, covering an area of 100m in width, 800m length --------BUT ONLY 80M DEPTH.-------
Individual HIGH GRADE quartz stibinite VEINS-----at APOLLO & GOLDEN DYKE...and GLADY'S were the focus of HISTORICAL MINING at -----SUNDAY CREEK.==========THESE ZONES HAVE BEEN PROVEN TO CONTINUE ==AT DEPTH==BY SOUTHERN CROSS GOLD [SXG, ASX, AUSTRALIA LISTED]. To Feb 2024, -------A TOTAL OF 110 HOLES for 44,083 had been REPORTED ----at the main SUNDAY CREEK along -----1200m STRIKE between APOLLO & GOLDEN DYKE and regionally at Leviathian , Tontal and Consols prospect===UP TO 8KM ===TO THE NORTH EAST OF THE MAIN DRILL AREA.
===....DEPTH EXTENT 500M---------all the drill hole ====R E S U L T S SHOWN.========/////EXPLORATION TARGET 1.6MOZ EQUIVALENT." https://www.southerncrossgold.com.au/projects/sunday-creek
COMMENT: So, history now tells us that the few co's that did some sporadic drilling MISSED the what SOUTHERN CROSS GOLD has now found. The M.D is a Geo of renown LoL, hence maybe why others were not as meticulous? The M.D lives in KILMORE, the next town to Sunday Creek. ========ONE CAN SEE RRR'S K I L M O R E , DIRECTLY NEXT DOOR TO SUNDAY CREEK. DL has once said, you can find a mine near a mine, hence why TO LOOK AT AN OLD GOLD MINE and work from there. SO, ALL SXG DID WAS TO DRILL DEEPER where the Victorian gold miners were not able at that time to go deeper as they did not have the machinery etc yet. I will type the next part next.
I am watching "Parker's new ---------WASH PLANT -----Roxanne makes $120,000 A DAY"."-Gold Rush, Discovery UK,
4.72m subscribers. I wanted to see how a WASH PLANT WORKS. $120k a day x 7= $840,000 a week x 52 wks = $4.368m per year JUST FOR 1 WASH PLANT.!!!
I believe in getting educated when I read an RNS instead of listening to folks that are not cognisant of Burkina Faso ore consists of that yellow soil. Same as in Cote d'Ivoire, the latter of which Atlantic had at one stage.
Just waiting for RRR RNS relating to the REPORT on Bilbale@Faso.
I am aware that 1 commentator was not cognisant that when RRR tweeted about gold, gold at their Bilbale gold project in Burkina Faso, that the piles of earth were the workings of the ARTISANAL miners. So, I decided to watch 1 short video on gold mining in Burkina Faso by artisanal type gold mining. Here is the link to watch https://www.youtube.com/watch?v=hSjLPJXAJdc
From this video, one can see the artisanal miners NEED water to process the yellow earth for the gold. Hence, why at the RRR Bilbale, the artisanal miners were very well equipped with NEAT pond liners to contain the water needed etc. Dr Smuts also was examining rock which I saw from one video is to look for the gold veins etc. So, all in line with norm. The video had running titles; "BURKINA FASO GOLD RUSH."
Very educational to watch.
He has just posted on another stock at 2pm+ & 3pm +, Wed, 10.4.24
Wonder when he will come to the RRR forum given the comment about him today on this forum. Needs his reply.
Hope he can drop in to this forum to comment.
Link: https://goldprice.org
With thanks to Helpful for the link reference.
I think the self -declared 4% holder on this RRR forum owing 4% shares has disappeared like poff of smoke.
Interesting as one can ask this RRR 4% if he attended the RRR AGM on 16 Feb 2024 in London and so forth. Oh, folks always want to know what type of biscuits were offered LoL. Zumore, in Britain, no one is impressed with money ie the wealthy anymore. As for me, I think good manners is rated more than money.
Talkinfo
Really puzzled by your post @14:28, Wed, 10.4.24. There are 5k & 10k TRANCHES to purchase? You said earlier that if the DRC money comes in kinda thing, that you will take your £500 from another AIM goldie stock to put into RRR. Now, you say there are £5k & £10k stock to buy? How did £500 potential buyer become £5k & £10k? Just akin because it does seem to make any logical sense? Yes. No?
TR1 on 15.12.23 was a reporting of a 4.38% stake in RRR from 3%. This is the topic of conversation on this forum currently.
So, AJAYE who has just posted he is a 4% owner of RRR shares, to what do we owe the pleasure of your visit onto this RRR forum? The RRR 15.12.23 RNS was a TR1 holding ann. and the 4.38% holder is Andrew N.Jones.
I posted the 3 names that are major holders of RRR from the Red Rock Resources website as this is a rule of AIM 26 to post the registry details overview. I said that I did NOT KNOW if Mr Jones was a PORTFOLIO MANGER. Why? Linkedin only has Andrew Jones as portfolio managers [plural[.
LoL. Wed, 10.4.24
Excellent news. So, MARKETING in gold mining has moved on from the days of HEDGING. But then again, hedging is not ideal for smaller miners that dont mine billions a year like majors.
Return of GOLD LOANS -----------IS AWESOME. Why? Who wants to give $$$ real money IF GOLD is NOT official a Tier 1 asset [ I posted the links etc yesterday that after the Financial Crisis of 2008, the G20 has classified Gold as Tier 1 asset from Tier 3. This meets with BASEL III BANKING REGULATIONS.
One recalls BEARER NOTES and whoever bears the note is entitled to the COUPON. So, in this case of GOLD LOANS, there is a GOLD NOTE but to be paid in ACTUAL GOLD [akin to Bitcoin in kind]. See, I told folks that NO ONE GIVES any money if there is no ASSET OR COLLATERAL. All banks recognise assets for collateral evaluation. Just discussing the gold loan notes for gold mining. This is very suitable for Africa gold mining?
-----------------QUESTION: SUNDAY CREEK [SOUTHERN CROSS GOLD , ASX A$190m mkt cap for 49% of project only and still drilling.-vs RRR Australia , NEXT DOOR to Sunday Creek @Kilmore [both mining towns starting with Kilmore, Victoria, Oz.---
I have been taking a look at the PICS shown by /Southern Cross Gold on Twitter ie their core of high grade gold.
Yes, they look like small nuggetty gold. As I said , big gold nuggets have been found NEAR BALLARAT TO BENDIGO which has a worth of A$240k just for one BIG nugget. So, as said , the nuggetty gold has been disseminated into the quartz etc.
QUESTION: THERE IS SUCH A THING AS ------------FEEDER ZONE IN GEOLOGY. For example, one CEO said Pitfield, in W.Australia is the FEEDER zone to the titanium nearby belonging to Sheffied. SO, QUESTION IS: IS KILMORE THE FEEDER ZONE TO SUNDAY CREEK or the other way round. Any ideas? Thanks. Wed, 10.4.24.
Awaiting the CPR to be signed off re : RRR AUSTRALIA IPO or sale of its Australian gold licences etc which has seen some drilling etc. DYOR. NIA.
On Solgold, one poster asked THE SAME THING ie WHY IS THE LAST TRADE 11:31AM?
It is now 1:17 noon.
So, NOT ONLY ME NOTICING what I posted about RRR, no trade SINCE 8AM+.
Wed, 10.4.24 So, others are noticing as well it is NOT only happening at RRR but other stock?
------------FROM LONDON STOCK EXCHANGE OFFICIAL DATA ON RRR-------------
The London Stock Exchange RRR shows ONLY 2 TRADES for today, Wed, 10 Apr 2024 of 171,428 shares bought AT 8.AM & another 132,406 RRR shares at 8:34am totalling £120 & £92.78.
SO, MAIDIT308 WAS RIGHT, IN THAT IT WAS THE SAME YESTERDAY IE NO TRADE, SHUT SHOP?
WHEN DOES THE RRR SHARE SHOP OPEN FOR BUSINESS?
Anyone has any idea? Does Mr Bell, our Chairman know or if anyone can tell him. Thanks. Needs sorting out, surely? Just askin. Any intelligent person would ask, isnt it?
I note that it is now 11:53am, Wed, 10 Apr 2024 and AFTER TWO SMALL BUYS THIS MORNING--------------NO MORE TRADES. It is stunning that there are ONLY 2 TRADES. -------------BUT WHEN I TEST THE MM'S at my broking a/c, the MM's want ALL MY RRR SHARE in 1 go, even though it is more than NMS of 200,000 only. Also, with a few b shares in issue, why the unusual 200,000 NMS [normal mkt size] because that is only about £190 worth.?
So, why does the MM's want to BUY more than NMS IF THERE WERE NO BUYERS. SO, DOES THAT MEAN, THE MARKET WANTS SHARES BUT WILL NOT MARK UP THE SHARES TO ATTRACT A SELLER AS NORM? Logical reasoning and logic. That is the normal patter of buy/sell. So, DOES THE MARKET WAIT UNTIL SOMEONE BLINKS AND SELLS? I wonder but as with all things, one has to wait to SEE, Yah? Wed, 10.4.24.
Per JUNO RNS [ANN as in Australia], it would appear that they FOUND ------------LITHIUM PEGMATITES ---------at MT IDA.?
This RNS was dated 30.3.24. The background to MT IDA--RRR's came to the AIM market in London in 2005 via iron ore projects like MT IDA etc [all were Australian projects and hence the M.D was also Australian].
RRR still has ROYALTIES for MT IDA and I am wondering IF RRR will get any royalties from the LITHIUM ?
The drilling at Mt Ida for lithium is still continuing but I havent kept up for some time.
Perhaps not because minerals rights may NOT cover everything. But if someone can clarify, it would be helpful. Thanks.
Wed, 10 Apr 2024.
Ah, I see that after my post on RRR AUSTRALIA IPO OR SALE and RRR KILMORE IS NEXT DOOR TO SUNDAY CREEK which is owned by Southern Cross Gold, ASX with mkt cap of A$190m = POSITIVE but------------THE BALANCE GENT -----is not commenting for BALANCE? POSITIVE BALANCE THAT IS? Just askin.
Link: https://hotcopper.com/asx/juno/
Link: https://hotcopper.com.au/asx/jms/
The top thread on Jupiter Mines of ASX, Oz is that manganese prices starting to move UP. Andrew Bell, Chairman of RRR was on the board and RRR had shares in Jupiter Mines due to Mt Ida etc. However, I dont know the details but thought I would post as RRR 's investee shares was in JUPITER MINES. Interesting . Wed, 10.4.24.
Link: https://hotcopper.com.au/asx/sxg/
RRR Australia [@KILMORE, Victoria next door to Sunday Creek belong 49% to Southern Cross Gold, on the Oz ASX] is awaiting the release of the CPR [Competent Person's Report from the Geologist] which is a requirement for AUSTRALIAN IPO or sale.
SOUTHERN CROSS GOLD, ASX, AUSTRALIAN LISTED.
So, as RRR Australia is in the process of an ASX listing or sale, THE PEER MARKET VALUATION is of interest. So, interesting about SXG's MARKET CAPITALISATION GOING UP ALMOST DAILY and that it has now reached a ------------WHOPPING A$190M---------without any major pullback. SXG are only still drilling and raised via a RIGHTS issue A$10m for further drilling. For context, RRR KILMORE is the LARGE NEXT DOOR LICENCE to SUNDAY CREEK. Paul Johnson, the RRR JV partner commissioned a Geo to see-------------IF SUNDAY CREEK MINERALISATION EXTENDS INTO KILMORE.----------It does apparently and I posted the two links before.
For context, KILMORE, Victorian Golden Triangle was the FIRST GOLD MINING TOWN and when that ran out, they moved to KILMORE. Also, at RRR Kilmore, historical records show 200g/t GOLD vs SUNDAY CREEK 199 g/t. But Helpful has posted the latest SXG Mar 2024 presentation and they found even higher grades so await to see what Kilmore may have further.
---------------SO, IN AUSTRALIA, VICTORIA GOLDEN TRIANGLE licence at SUNDAY CREEK IS HOT PROPERTY is it hot given the HIGH MKT VALUE OF A$190M? I posted last night MAKO GOLD on the Australian ASX which has licences in Cote d'Ivoire and FASO has a mkt cap of A$15m. So, AUSTRALIAN GOLD PROJECTS are valued more highly isnt it?
DYOR. NIA. Wed, 10 Apr 2024 @11:03am.
Today, Wed, 10 Apr 2024, there are 2 TRADES. Hmm, rather unusual given it is 10.30am. I dont have the day average volume data at the moment so that can be checked out. I tried LIVE SELL in my stockbroking account. The normal market size is 200,000 for RRR. ------------I TRIED TO SELL LIVE DUMMY ALL MY RRR STOCK AND THE MM WILL TAKE IT ALL IN 1 GO even though Normal Mkt Size is only 200,000. The very FACT , that there are ONLY 2 trades means it appears NO VOLUME or so it would APPEAR. QUESTION: WHY THEN WILL THE MM TAKE ALL MY RRR SHARES IN 1 GO. SURELY, IT IS NOT TO PUT IN STORE ? Question for the whoever asked? IF ONE HAS RRR SHARES , they can CHECK--so for now, it would appear CORRECT, the MM's WANT RRR STOCK -FACT. Wed, 10.4.24
Please check .
For the avoidance of doubt:
BlueBOY1975
IF, you HAVE shares in RRR, you would have CHECKED your stockbroking a/c at various times of what the MM's are quoting LIVE for SELL & BUY. Each time , one opens the page, it will show RRR IS + OR -. This is common to all stocks especially AIM. It is without DOUBT the RRR share price is on an upward trajectory - FACT. Why? OR else it would have slided, isnt it over a course of days? I also check GOOGLE FINANCE which is the most accurate live price during trading hours to see. Ah, you are up early at 6:17am. Then, when you are OFF, BanburyBOY has appeared at 9am+ like regular clockwork? Yes, No? So, 2 vs 1 [me] is not fair.
BanburyBOY: is here to provide "B A L A N C E" -----where is there balance if posting appears to be only 1 way? Again, NOT A SHAREHOLDER. So, why? And to spend time on this forum ONLY and no where else all day literally? Doesnt MAKE ANY LOGICAL SENSE IS IT to any normal person surely? Yes, No? ------------JUST ASKIN? Wed, 10 Apr 2024.
------------------REGULATORY RULES SAYS RRR RNS'S MUST BE RELEASED AS THEY ARE DUE.---------------
That is the guiding principle of the London Stock Exchange. The RRR Australia CPR is only to update and review and to be signed off. Easter is now over and the CPR for Australia is DUE any day now. RELEASE IT and let the market accordingly apply the EFFICIENT MARKET THEORY ie mkt cap takes in the information and values it accordingly.
Lots of RNS's due. IF, as expected the RNS is of a positive nature, then the BUYERS WILL HAVE TO ---PAY THE PRICE IE THE CORRECT PRICE. I have just watched a MINING MAVEN short video and the journo said that the GOLD STOCKS ARE DUE to be ....with the price of gold at record high. SO, NO GOLD STOCK IS GOING FOR CHEAP , THAT IS, SOLD FOR A SONG. I===============LET ME REPEAT, IT IS NOT FAIR VALUE THEN , IF , SOLD FOR A SONG TO SATISFY THE STOCK
SHORTAGE, if any. So, BUY, WHEN THE PRICE IS AT A FAIR PRICE. There are FEW PURE GOLD STOCKS ON AIM now. Many are NO LONGER AROUND or change to other metals. SO, PAY THE PRICE FOR A LARGE POSITION IF THAT IS WHAT THEY WANT and accordingly, there is still ROOM FOR RE-VALUATION given the NEW ALL TIME RECORD PRICES FOR GOLD.
------------------MOM, POP INVESTORS WILL NOT WANT TO GIVE NEW COMERS RRR STOCK FOR A SONG. WE BOUGHT AND TOOK THE RISK. WE DID THE RESEARCH ETC and now they have to pay a FAIR VALUE for our stock if they want it.
Simple isnt it, the solution to the drought of RRR stock. THANKS TO AB, OUR CHAIRMAN who has held firm to help shareholders of RRR who have had to endure endless negativity. NO, WE ARE NOT SELLING CHEAP IE SOLD FOR A SONG.
Sorry. Providence has helped us shareholders and everything has been going our way ie all time record gold prices, tin prices also high and lithium recovering etc. HOW DID RRR GET KILMORE NEXT DOOR TO SUNDAY CREEK, YOU TELL ME?
60 COMPANIES FOUGHT FOR THE LICENCE NEXT TO FOSTERVILLE, INC THE FOSTERVILLE OWNER AGNICO. There were OTHER MAJORS who wanted the licence but they lost out in the bidding conducted by the Victorian govt. SO, LETS SAY IT WAS A REAL BLESSING RRR GOT THE NEXT DOOR WHICH WAS THE 1ST MINING TOWN BEFORE SUNDAY CREEK.
That is the prize that Aussie will want given Sunday Creek is hot and Southern Cross Gold has a mkt cap of A$180m. One can hope that the mineralisation is extensive in RRR Kilmore and an expert Geo will know more than just PJ's work that confirm the mineralisation extends from Sunday Creek to RRR KILMORE.
PAY THE PRICE IF FOLKS WANT BIG CHUNKS. NO SHAREHOLDER WILL SELL NOW THAT WE ARE CLOSE TO THE RRR RNS OF THE CPR FOR VICTORIA GOLDEN TRIANGLE RNS AND NEWS. --------------ALL GENUINE SHAREHOLDERS WILL AGREE WITH ME. CONGRATS TO THE BIG BUYER --LOL--------HE GOT IT FROM UNDER THE NOSES OF THE MARKET. Wed, 10.4.24. No one in at this time on this forum.