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Demir wanted to explore rather than develop Clontibet.
They wanted answers to the Clay Lake nugget.
Fair enough.
And yet we are constantly reminded of the potential at depth...
Why are they not looking for this answer?
First Equity deemed fit to remark on the Profs verbal quotes of 14 to 20m ozs possible, as if shareholders should take notice...
AND YET, the Prof also verbally states the SP should be 700-800p....they haven't took notice of that.
Expecting Clay Lake drill results this month.
Also Conroys independent exploration efforts over the non JV licences...more soil sampling probably.
Also noticed the 5 licences recently granted to Conroy have not been updated...wonder why.
Results are not being published just yet, but for what reason who knows.
It has been been verbally stated by the Prof good results were being produced.
The 5 licence areas at this moment are not in the JV.
This RNS suggests Demir will be taking the JV into phase 2...
Including the 5 licences not yet in the JV.
Quite cryptic...but I feel its not that bad, and more news to come soon??
Which drilling results at Clontibret weren't any good?
To state poor drilling results DS you must know the AISC...
Please enlighten us.
7 months since the start of the 2000m drilling programme at Clay Lake.
It was decided to put Clontibret on hold and search for some kind of WORLD CLASS gold discovery...
Upon finding this discovery, we now have silence?
The confirmation by Demir of their involvement in this JV...
a very late confirmation....suggests TO ME....
good news is coming... in what shape or form I'm not sure. But like everyone else I have my opinions.
Its boring but exciting....
124g/t announcements will draw a lot of attention, especially to those that have engaged previously with the Prof.
No coincidence imo that the silence started after the new find.
Clay Lake drilling programme probably redesigned.
The drilling taking place along the Orlock Bridge fault...targeting the quartz breccia.
Where these actions have taken Conroy... for that we have to be patient to find out.
6th March.
"This is an excellent start to the step-out drilling programme at Clay Lake and adds further to the overall gold potential of this new gold district. In addition to this drill programme work is also continuing on other gold targets and further results will be announced in due course.”
So what changed their minds about announcing results?
Nothing to announce from the other 7 holes and the drilling/trenching going on the other targets...highly unlikely...so what could the reason be?
Exciting isn't it?
If they had found nothing we would have heard by now.
Demirs public notification of their JV involvement RECENTLY added to their website and the Profs smirky smile in the Conroy Diamonds interview when asked for news on Conroy Gold.....these will have to do for support.
Loads of different possible scenarios going through my head, its all guess work....
BUT I'm finding it hard to find negative ones!
Boring share to hold...but also exciting, just have to let your imagination loose...
Another day nearer...but to what?
The 3 PLs which Conroy holds, and have completed the 2 year work commitments will according to the Prof be transferred to the JV.
The new 5 PLs will require discussions with Demir regarding transfer...whatever that means.
Having another listen over the weekend at some interviews.
The Prof is stating the new find is transformational for the company, hes stating that now they know the rock formation and geology of the new gold trend the high grades will not only be found in the Skullmartin fault trend but the Orlock bridge Fault also...he states its "everywhere"
Can he truly make such a statement from 4 samples?
Can geologists inform him thats what to expect.
If this is so then a 6m mcap is laughable....
Thats why I added a few today...
The Environmental Determinations site suggests exploration on the Orlock bridge fault is continuing...8 applications since February. No results reported.
Are they targeting the breccia zones in these areas...
If thats where the high grades are as they have suggested...would that not be logical?
Sorry, not a geologist....
There's a reason for the silence...I am just hoping its a good one.
No Conroy gold interviews since March?
Conroys silence coincides with the new gold district discovery.
All the talk of 123g/t must have got the attention of big players in the industry....
The Prof was already open to the idea of 3rd party involvement due to the scale of the discovery...
The new trend only adds to the work load.
No news on the 5 additional licences applied for.
No news on the transferrence of the 3 licences ready to transfer ...all relating to the new find. Seems, given the eagerness to transfer the existing ones on JV completion this should have been completed by now?
Interesting times...so i keep telling myself ( when really im very very bored lol)
"The other explanation is that they have found a considerable amount of note"
What if they have found the source of the Clay Lake nugget?
Would that call for a news blackout while further investigations are completed??
What everyone seems to agree on is...
This is not the norm and there is a REASON for Conroys communication change.
Good or bad, time will provide the answers.
The RECENT addition of the Inis project on Demirs timeline suggests its good.
So project Inis has been added to Demir website. I'm not sure when this was added but its a site I check occasionally.
Also some press releases referring to the JV have appeared.
Not new news with dates relevant to the formation of the JV.
Thing is I've been looking previously and not seen them.
Does the author need Demirs permission to release?
Is this Demirs official confirmation the JV is going to continue?