Member Info for Revelator

African Mining & Exploration, (AME), the AIM listed company (insert ticker details) with exploration licences in Mali, West Africa, is pleased to announce the commencement of exploration fieldwork on its Karan exploration licence located close to the capital, Bamako. Highlights · Geologists and field crews have established themselves at Karan and exploration is underway; · Commencement of a detailed close-spaced ground geophysical survey over 3 priority target areas containing 5 prospects, all of which are subject to intense artisanal mining; · Initiation of regional sampling to define the Karan structural corridor; · Signing of an agreement with West African Drilling Services to commence drilling in Q1, 2011 over targets defined by on-going geophysics and regional sampling; · An agreement reached to allow Newmont Mining Corporation to complete stream sediment sampling across the Company's Karan Exploration licence as part of a larger regional programme.

Which they plan a JV for: ''Which they hope to JV on ''The in situ value of this mineral resource at the 1% Pb+Zn cut off grade is estimated to exceed US$925 million at December 2007 prices: Zn US$1.06/lb, Pb US$1.19/lb, BaSO4 US$85/t, CaF2 US$200/t.'' Buy up to 1.6p.

6.05p. See a bounce to 9p when the placement overhang clears.

peers. Buy up to 1.6p.

Surprised exploration news this AM brought no reaction at all!

Newmont involved '''There is ample evidence of complex structure with a gold association and coincident artisanal mining activity over a strike length of approximately 10 kilometres and a width of up to 2.0 kilometres. The sampling programme aims to test and log a representative selection of historic and current artisanal workings and spoil heaps to broadly define the tenure of gold mineralisation across this gold-bearing corridor and to define gold tenure in and around known shear and cross-cutting fault structures. ''

news? http://investegate.co.uk/Article.aspx?id=201011240700046845W

For better or worse here...

Good chance to get into this v undervalued company.

Nice to have some company. The only risk is re the export ban...sales are good but imo the JORC is what has the potential to put this on the radar properly. Been drilling a whole year so alot of results to come in one go.

Is 1.6 - great chance to get in.

Last time you posted you were shorting this?! Good to see sensible buying today, buy up to 1.6p.

Silly ramping going on here that'll lose people money...keep us the good work :)

What price did you buy in?

2p is too high a buy atm, yes. But if people buy at 1.6ish, they're not locked in - one look at the graph tells you barring a market bear run 1.5 is the base.

I advocated buying up to only 1.6p. And I've made 80% and 25% on this before so I'd suggest it is one you can profit on. But it's the drill news that will move it, potentially, above 2p. It's settled very firmly above 1.5p, so I think buying up to 1.6 is fairly derisked. And I was able to sell my £3k at full bid this AM (not online during work hours so can't comment on later in the day).

Ahead of December's JORC. Ready to add more if I feel like it.

In at 2p I'm guessing? Buying over a certain amount costs 2p already so I'm sure it'll come. Given the price rise seems some people were listening to me today. Still think 1.6p is a safe buy here, above that...maybe more of a risk.

'' US$925 million'' in ground resource per company website, drilling news expected before year end. Buy up to 1.6p.

Which they hope to JV on ''The in situ value of this mineral resource at the 1% Pb+Zn cut off grade is estimated to exceed US$925 million at December 2007 prices: Zn US$1.06/lb, Pb US$1.19/lb, BaSO4 US$85/t, CaF2 US$200/t.'' Buy up to 1.6p.