Member Info for schlemiel

Passing on info - from today. Bazza Fitzgerald

https://www.resourcesrisingstars.com.au/news-article/celebrate-speculate-extrapolate-diggers-2020-will-have-it-all-%E2%80%93-except-punters-east

Excerpt :

'DISCOVERY:

Expect one of the most watched and listened-to discovery presentations being that from Callum Baxter, chief technical officer of the London-listed Greatland Gold, on Monday after lunch.

Newcrest is farming in to Greatland’s exciting Havieron gold-copper discovery in WA’s Paterson province where Havieron, and Rio Tinto’s Winu discovery, prompted a mighty land rush. Baxter’s presentation will give the other Paterson players a better idea of how to find the next Havieron.

Talking about Newcrest, Newcrest CEO Sandeep Biswas is not down as a speaker despite leading our biggest gold producer. And as for Rio’s departing CEO, JS Jacques, the conference program does not run to a session on the importance of indigenous engagement.'

absolutely superb. what a spectacular finish and becoming a rather predictable pattern emerging here...flaccid price throughout the day and then we hit 2-2.3pm and we have an influx of buyers (USA, Canada probably)..excellent

https://www.redcloudfs.com/oktoberfest2020/

Oktoberfest: Fall Mining Showcase 2020
Our annual conference goes virtual in 2020
October 21st - 23rd, 2020

a bit of movement...good strength

Novice - £1m?!!

260k so owt over 50p and my life will be much happier

Good luck to all holders

Come on Nickie boy, give us a xmas present we will never forget!

When CGP referred to SOLG having an 'informational advantage' it is my belief that they accusing Mather of withholding price sensitive information as part of Mather's corporate strategy vis a vis SOLG v CGP v BHP v NCM. McDonald can't publicly accuse Mather of improper conduct for fear of legal lawsuit. I'd prefer to call it poker or 'keeping one's cards close to one's chest' (posh version)

continued.........

The intersection of a major, north-east trending magnetic high by “a secondary northwesterly-trending magnetic feature, likely to represent the intersection of deep-seated crustal-scale fracture zones filled by intrusive bodies. This structural regime has strong similarities to that encountered at the Alpala Project, some 30km to the northwest”

Conclusion: In the scale of the major crustal forces responsible for the mineralisation of Alpala, Rio Amarillo, at only around 30km away, is likely to be subject to the same macro-geological influences. Similarities in the scale, local geology, alteration suites, geophysical and geochemical signatures to those observed at Alpala reinforce the rationale to give Rio Amarillo a high priority for exploration and, while recognising that it is still at an early stage of exploration, we await the first results of the drilling with interest.

*SP Angel act as financial advisor and broker to SolGold

https://www.proactiveinvestors.co.uk/companies/news/931001/today-s-market-view---solgold-rainbow-rare-earths-oriole-resources-and-more-931001.html

SolGold* (LON:SOLG) – Plans for drilling possible Alpala “look-alike” at Rio Amarillo in northern Ecuador

SolGold* (LON:SOLG) 38.8p, Mkt Cap £793m – Plans for drilling possible Alpala “look-alike” at Rio Amarillo in northern Ecuador

Solgold provides further news on its wide-ranging multi-project exploration campaign in Ecuador with news this morning that, following regulatory approvals and the establishment of an exploration camp, it is mobilising a drilling rig for an initial 8,000m programme at its wholly owned Amarillo project in northern Ecuador.

The company explains that its geophysical work “reveals a highly magnetic NE/SW trending corridor, spatially coincident with porphyry style surface mineralisation covering a vertical extent of up to 1500m over a 12km long and 3km wide northeast trending porphyry belt” which it will investigate further with this initial drilling programme.

The first drilling target, at Varela, “exhibits a well-preserved metalliferous lithocap and hydrothermal alteration system with a full complement of porphyry plume chemical elements, the classic signature of a large scale strongly mineralised Porphyry Copper-Gold(-Molybdenum) system … [and the drilling will] … test underneath outcropping porphyry style vein stockworks which returned surface rock-saw channel sample results of 99m @ 0.34% CuEq including 25.1m @ 0.58% CuEq”.

Describing the Varela target as “highly visible from the air, as are a number of large porphyry deposits along the Andean Copper Belt which have now been developed into mines”, Regional Exploration Manager, Chris Connell, said that the “Varela metalliferous lithocap is the most classical example of a fully preserved, whole column porphyry system that we have encountered in our exploration activities in Ecuador to date”.

Discussing the wider potential of the Amarillo licence area, Technical Services Manager, Benn Whistler, described “SolGold's 'Sleeping Giant' at Rio Amarillo including its two high-quality large-scale porphyry targets at Varela and Palomar … [as] … two of the Company's highest priority targets”, while CEO, Nick Mather, said that the “gross geological architecture of Ecuador endorses the presence of very large mineralised systems where the Andean Copper belt bends. We can see that in both southern Ecuador where the Porvenir project is revealing a large copper porphyry in the first drill hole. Similarly, northern Ecuador shows the same characteristics and we're confident that the tier 1 Alpala project at Cascabel will be followed by Rio Amarillo in this highly prospective emerging province.”

Maps accompanying today’s announcement https://www.rns-pdf.londonstockexchange.com/rns/4889B_1-2020-10-8.pdf show Rio Amarillo located around 25-30km SSE of Solgold’s Alpala project with Varela towards the south-eastern part of the licence area.

cont

'entirely around'

Why is this date so important to both companies? According to some on here the BHP-Standstill expiration date is irrelevant and will come and go without incident..Well, it appears very important to Mather and McDonald..we can only speculate as to what is going on behind closed doors

swsq

All this company activity that we are now seeing from both CGP and SOLG (DGR as well) is focused entirely the BHP Standstill expiration. CGP and SOLG are almost in an arms race as they bombard the market with drilling news almost daily. It's all for a reason, it's planned, it's deliberate but god knows what the end game is! It's all good stuff and all positive. It ain't BAD NEWS and for that I'm grateful

interesting thoughts from R-Pierre on t'other site - thanks to RP -

It's the timing of the DGR halt and capital raising that is intriguing. DGR own a hefty % of SOLG stock

''What intrigues me is what's happening with DGR...remember they own almost 10% of SOLG (which is why I'm invested there also and took up the recent rights with attached options...)

The DGR halt could be the most significant news this week...needs a capital raise...halts until 12 October...does that mean Nick knows something is coming before then that would cause DGR to surge and make the capital raise a breeze...does Nick need the breathing space to focus all his attention here...the halt predates the CGP EGM decision, the CGP bid expiry and the BHP release...

Bid or big news incoming...?''

SP Angel have excluded their assessment of recent SOLG news from their daily update? Yes, Meyer gave a podcast yesterday but no write up and nor an offering of their conclusion.

https://us02web.zoom.us/webinar/register/WN_R5RSqBZUTbmH4jDKigqVMg

Jason Ward - 14 Oct 2020

Arlington Group Presents the Big Copper Porphyry Wave-Riders Club October 14th, 2020

Porphyry Wave-Riders
Description
Arlington is stoked to have assembled a gnarly selection of BIG WAVE dudes and dudettes, including natural surfers from Australia and Goofy Footers from Canada who are all ready to show you their SLASH at the top of their BIG PORPHYRY COPPER WAVE.

Key Speakers include:

- Cailey Barker, Director, Natural Resources, Blackrock
- Jamie Wilkinson, Professor of Geology, Imperial College London
- Chris Cairns, Managing Director, Stavely Minerals
- Ian Chalmers, Technical Director, Alkane Resources
- Claudia Tornquist, CEO, Kodiak Copper Corp
- Dr Greg Corbett, Corbett Geological Services
- Merlin Marr-Johnson, Executive Vice President, Salazar Resources
- Dan Earle CEO and Jorge Fierro VP Exploration, Solaris Resources
- Jason Ward, Head of Exploration, Solgold

end

thanks to a superb poster on ADVFN called Pob69 - he can find some proper gems

The Ecuadorian government will probably welcome the idea of SOLG exploring and proving up their assets and then selling either each asset (concession) and their subsidiaries to the majors as this triggers a tax windfall to the Ecuadorian State...The government needs higher tax revenues so any taxable event that generates tax payments will be encouraged

'we're confident that the tier 1 Alpala project at Cascabel will be followed by Rio Amarillo'

That is an astonishing public statement to make. It's almost as if they KNOW it's a T1 discovery even before drilling. I hope they are correct in their assertion cos if they aren't they're gonna look a tad foolish. I don't believe Mather is that stupid or naive

Master Investor.co.uk

John’s Mining Journal: Solgold – the next two weeks should be interesting - By John Cornford 28 September 2020

-
He wasn't wrong.

CD
You're not the only one dancing around the room naked. 40p break today

I love those comments by the gang of three in today's RNS. They can barely contain their excitement.

And the timing of all these RNS's just before the BHP Standstill expires...you can almost see Mather's thought process projected onto a wall

Nick Mather, CEO of SolGold said:

"The gross geological architecture of Ecuador endorses the presence of very large mineralised systems where the Andean Copper belt bends. We can see that in both southern Ecuador where the Porvenir project is revealing a large copper porphyry in the first drill hole. Similarly, northern Ecuador shows the same characteristics and we're confident that the tier 1 Alpala project at Cascabel will be followed by Rio Amarillo in this highly prospective emerging province."

With regard to the potential at Rio Amarillo, Technical Services Manager Mr Benn Whistler, said:

"HP Drilling is finalising a good portion of the fleet of diamond drill rigs, for exploratory drilling at our regional projects, at its Cuenca workshop facility in Southern Ecuador. SolGold's 'Sleeping Giant' at Rio Amarillo including its two high-quality large-scale porphyry targets at Varela and Palomar are two of the Company's highest priority targets."

"In the case of Varela, we observe a beautifully preserved porphyry column displaying a complete range of porphyry plume chemical elements including Bismuth, Selenium, Lithium and Tellurium at surface. Geochemical contouring reveals a Lithium halo surrounding a tight Molybdenum high indicative of the centre of the top of a porphyry plume. This occurs with coincident copper-molybdenum-gold geochemical highs and the presence of B-type porphyry veins amongst highly-altered host rocks. This provides what we believe is a perfect example of a metalliferous lithocap formed above a porphyry copper-gold(-molybdenum) deposit. A good targeting tool this high up in a porphyry plume is the Molybdenum - Manganese ratio geochemistry and using this we see that the Varela Target holds close similarities to the footprint and geochemical signature of the lithocap at Alpala, only 30km to the northwest."

Commenting on the recent developments, Regional Exploration Manager Mr Chris Connell, said:

"The Rio Amarillo project represents a second cluster of large fertile porphyry systems to explore in Northern Ecuador. The Varela lithocap area is highly visible from the air, as are a number of large porphyry deposits along the Andean Copper Belt which have now been developed into mines. Extensive outcropping hydrothermally altered rock is spread across the ground surface immediately upstream of the rock saw location, which is typical of intense acid alteration in a highly leached lithocap environment. The Varela metalliferous lithocap is the most classical example of a fully preserved, whole column porphyry system that we have encountered in our exploration activities in Ecuador to date. This latest update is another step forward as we look to unearth the significant value contained within SolGold's licences throughout Ecuador".