If it outstanding the news has to be released at some point. If the copper grades are better than expected it could be the making of GLR. Would be great if Colin gave another interview to explain the great news.Nice try Billy the Kidder
https://www.share-talk.com/share-talk-bulletin-board-heroes-tuesday-2nd-march-2021/#gs.v0jmjt
Bulletin board heroes from today 2.8p targeted.
CB needs to give some clarity about Star Zinc and quickly. Shareholders are getting nervous with the lack of information and rightly so when it appears that other parties have been issued permits on the Star Zinc licence area.
These new licence applications may be explained by the fact that our renewal of the star zinc licence includes a mandatory 50% reduction of the licence area - see extract from the Addison JORC technical report below". These new licence s being granted in what appears to be our star zinc area are probably others applying for our relinquished areas.
“The Star Zinc deposit resides within valid exploration licence 19653-HQ-LEL, known as the Star Zinc licence. The licence is currently registered under Enviro Processing Ltd, a subsidiary of previously Alternative Investment Market (“AIM”) listed BMR Group Plc. As the licence is an exploration licence, no extraction is permitted.
The licence was granted on 14th August 2014 and has recently been renewed with a mandatory 50% reduction in licence area. The licence is now within its second grant period and is valid until 13th August 2021 (Table 4.2, Table 4.2 and Figure 4.1.).
A further renewal with 50% mandatory reduction in licence area can be applied for 6 months prior to the 13th August 2021, which will extend the licence duration for the final three year period until 13th August 2024, for a maximum duration of 10 years. The holder may, not later than six months prior to the expiry of the exploration licence, apply for a mining licence for an area within the exploration licence, as shown in Figure 4.1.”
Bloomberg certainly like us - here’s another
https://www.bloomberg.com/opinion/articles/2021-02-25/metal-bulls-beware-healthy-copper-prices-aren-t-enough-for-a-super-cycle
An S&P Global analysis last year found that 224 copper deposits were discovered from 1990 to 2019. But only 16 have been found in the past 10 years, and just one since 2015.
A measure of whether miners see sustained demand ahead and have investor support will be their willingness to take on some of these digs that have long been clouded by political risk. One to watch is Cascabel in Ecuador, owned by SolGold Plc, which counts BHP Group Plc as a major shareholder.
$331,000
https://www.petroenergia.info/post/solgold-firma-convenios-de-cooperación-para-favorecer-el-desarrollo-local-en-comunidades-de-imbabura
SolGold signs cooperation agreements to promote local development in Imbabura communities
Ibarra, February 22, 2021
The mining exploration company, within its Community Relations Plan, has purposely contributed to work for the well-being of the areas of influence where its projects are located in Ecuador. For this 2021, it remains committed to the country, promoting its development.
Exploraciones Novomining S.A. (ENSA), a subsidiary of the mining exploration company
SolGold, which leads the Cascabel project in the province of Imbabura, signed on February 17 two framework cooperation agreements for this 2021, with the Parish Governments of Lita and La Carolina, to support the implementation and execution of various local projects that promote sustainable development in both areas.
The agreements will promote actions and programs in the areas of: community health, education, productive development, community and road infrastructure and promotion of social, cultural and sports activities, for the benefit of the inhabitants of the communities of the Lita and La Carolina parishes, direct area of ??influence of the Cascabel project. Throughout the year of implementation of the agreements, the Company will allocate about $ 331,000, which will be directed to the purchase of materials and supplies according to the assignment of each work edge.
https://m.youtube.com/watch?v=hT9PdXt4fOU
Came across this outfit “portfolio matters” who have been influenced by the recent Crooks (sic) report.
I share it but don’t agree with their stance. I think some of you have legitimately challenged some of the Crux report’s data - but it shows how investors and sentiment can be influenced.
Long and strong!
GLA
Just trying to find out more info on this.
Artisan license has been approved to a Mr Chelwelwa covering an area we believe to be Star Zinc.
https://zambia24.com/black-mountain-mining-plan-needed/?amp=1
Mr Chelwelwa I believe was and may be still is Chapamo Mine Supervisor.
Chapamo Mineral Resources Ltd was formed as a legal entity originating from illegal artisan mining gangs.
https://m.facebook.com/permalink.php?id=249337928581582&story_fbid=1531787137003315
Same article quotes Zambia Chamber of Mines encouraging Chapamo to form joint ventures with owners of unexploited assets
http://www.canadianminingjournal.com/news/ranked-worlds-top-10-copper-projects/
To provide a glimpse of the copper supply chain of tomorrow, MINING.COM and sister company MiningIntelligence compiled a list of the top 10 largest copper deposits currently under development and ranked them according to copper resources in the measured and indicated categories.
You’re right crewtime.
Some people seem to overlook Solg having discovered one of the biggest copper/gold/silver orebodies in the world. This is a rare, Tier 1 asset which many majors would relish owning. Despite the doom-mongering, it’s still there!
https://www.theassay.com/company-exclusive/cornerstone-discusses-lower-risk-development-strategy-at-cascabel-project-in-ecuador/
....... focusing on mining the high-grade core at the Alpala deposit – and drilling satellite targets to find additional resources closer to surface – will benefit shareholders over the long term
Looks like CB needs to clarify this once and for all.
Is Chelelwa working on behalf of Galileo?
If not how can he be artisan mining on the Star Zinc licence?
If he is, does that put a stop to Galileo’s small scale mining?