Member Info for Razorman

“BG stole the beaver”

Best line from this mornings fun !

Loving the sections (50-53 this time) - they really help my see how this deposit is filling out the fault zone. The MRE will be a treat !

🚀🚀🚀

11.50 ask x4 = 46p (easy)

Also inbound TR1 s

Starting to see some real depth extensions also. Are they getting closer to the feeder???

including

83.05m to 98.45m, 15.4m @10.3

“In addition, the results, particularly that of PEP045, have provided valuable insight to the primary controls upon this mineralisation, suggestive of the main feeder zone being a series of steeply dipper structures along the SW margin of the zone. The depth extent implications of this theory will be tested in later drilling”

I fully except this theory to be tested immediately. The holes in the expected locations of the steeply dipper structures may have already have been drilled, while the consultants are on site. In any event, I expect the next drilling update to include deeper drills which go down the throat of expected feeder zone.

PEP045 also hit 12.9m of 23.19 Au(g/t) and then 10.1m of 33.39 Au(g/t) as far down as 71.8m.

The grades would get even better if they hit the main vein!!! And the target area is reducing with each drill!!!

Market cap of £27m ???

Another reason would be to demonstrate the areomag survey effectiveness by using it to guide first drill targets at pepas north. Releasing the survey with good drill results and early understand of the structure to validate both in an emphatic way! Like playing battleships with a radar.

What lies beneath?

A tweet of the drill rig on the move to Noth Pepas would be what the doctor ordered right now Brad ! 🤞

Then… What would be the new share price IF North Pep brought equivalent results to those of Pep (Nov to Feb). 200m apart ?

“North Pepas lies across a property boundary from the current drilling at Pepas, requiring both negotiation of land access with the property owner and then development of physical access to the area for drilling machinery. These have now been completed, and it is thus expected that drilling can commence at North Pepas in the next few weeks.”

So I am expecting that the rig is currently on the move and will be on a new North Pep pad sometime next week and then immediately start drilling.

Is there anyone with operational drilling experience on this forum? It is daft for me to think that Brad might stick his first hole on the location of the 27.23g /t au sample… guaranteeing an exciting strike from surface. RNS says this sample was “smaller exposure some 20m to the east, down slope” so maybe first drill would be from main base but pointing east to intersect?? My main point is surely the first drilling at North Pep is de-risked?

Why do you ask that?

So, were the couple of holes at Pepas drilled in the new location 200m north? From the 10 March, could they have completed the analysis, planing, clearing access, relocated rig and drill at least two holes within 18days? Some activities would run concurrently (surely?)

“As announced on February 4th 2025, previous surface geochemistry collected by MMA, has identified a large, highly anomalous region to the north of the current Pepas mineralisation. Company geological teams have begun to expand on this work, resulting in the identification of a large, highly mineralised channel sample some 200m north of the limit of current drilling (Figure 4).

The Company is advanced in planning to move the drill rig into this zone, however this requires not only greater geological understanding to direct drilling, but also the development of physical access for rigs and machinery.”

The below is starting to stand out to me… in the context of the long talk with the team in Colombia happened round about now.

10 March RNS “Post the MMA acquisition in late November 2024, the Company more than doubled its land holding in the mid-Cauca belt to 400km2, by virtue of gaining ownership of a large number of licence applications held by MMA. This makes the Company one of the major land holders in one of the world's most exciting gold belts.

These applications have yet to be properly assessed by the Company as most financial and management resources have thus far been directed to drilling at Pepas.”

Sounds like a lot of II support. 20p could be sooner than we think

Raised CAD$6m in an oversubscribed placement, mostly to North American, UK/European, Asian and Australian institutions.