Member Info for SeisNav

Financial transactions are go! :-)
Clearly someone saw this coming yesterday, hence the large buy.

Someone clearly has some confidence at this price, nice chunky buy :-)

One of the implications of the below, if the area of high Cu:Sc represents only the shallow mineralisation, the area available for mining at Cheyeza is MUCH larger than what has so far been drilled.

https://twitter.com/NavSeis/status/1456624075103617024?s=20
https://twitter.com/NavSeis/status/1456625461203722242?s=20

Thanks to Rocktapper's excellent summary yesterday I went back and looked at the data again. It's clear if you overlay EM and Cu:Sc plots that there is a difference between Muswema and Fwiji, Cheyeza and Lumbeta. At Muswema the main EM anomaly is co-incident with the main Cu:Sc anomaly but at the other three targets the main Cu:Sc anomaly is actually in an area of little EM anomaly (blue) but is adjacent to an EM anomaly. What I think this is telling us is that for Fwiji, Cheyeza and Lumbeta, the shallow mineralisation is offset from the site of the main ore body, at Muswema we could be seeing a more Sentinel like situation where the shallow mineralisation is directly above the main ore body.

I'd be interested in anyones thoughts on this, particularly Rocktapper of course.

https://twitter.com/NavSeis/status/1456624075103617024?s=20
https://twitter.com/NavSeis/status/1456625461203722242?s=20

Thanks to Rocktapper's excellent summary yesterday I went back and looked at the data again. It's clear if you overlay EM and Cu:Sc plots that there is a difference between Muswema and Fwiji, Cheyeza and Lumbeta. At Muswema the main EM anomaly is co-incident with the main Cu:Sc anomaly but at the other three targets the main Cu:Sc anomaly is actually in an area of little EM anomaly (blue) but is adjacent to an EM anomaly. What I think this is telling us is that for Fwiji, Cheyeza and Lumbeta, the shallow mineralisation is offset from the site of the main ore body, at Muswema we could be seeing a more Sentinel like situation where the shallow mineralisation is directly above the main ore body.

I'd be interested in anyones thoughts on this, particularly Rocktapper of course.

Maybe you should forward them to the new government minister for mines! :-)

I tried search for the old articles that they ‘reported’ a while back… they had all mysteriously disappeared from the archives. Funny that eh?

No problem Rocktapper, I think it bears repeating!

Hi Rocktapper, I did post an overlay of the Cu:Sc maps for Arc and FQM licenses quite a while back:
https://twitter.com/NavSeis/status/1398281650719629315?s=20
and also with a diagram of the generalised fault zones overlaid on it:
https://twitter.com/NavSeis/status/1398636572346568705?s=20

It's a pity that we don't know the maximum Cu:Sc ratio at Sentinel (the upper limit of 10,000 is the assay limit I believe and not a reflection of the maximum recorded value), as that would be a good indication of the expected Cu grades compared to Sentinel. Of course both FQM and AA will have that information. AA will also have a more detailed breakdown of our ratio values so they will have a pretty good idea of what to expect I think.

It's definitely true that Muswema is the most 'Sentinel like' in that the Cu:Sc data is the largest and also closely matches the EM anomaly. I wish they had started drilling there first but maybe they wanted to have the new EM survey completed before drilling the number one target.

It's interesting that the last hole at Fwiji which seems to have been drilled sub-parallel to a mineralised vein, is well away from the main Cu:Sc anomaly. There is a feinter anomaly in that area, similar in magnitude to the area they are drilling at the moment. My thought is that the strength of the Cu:Sc anomaly may be related to the depth of the mineralisation. The shallow oxides drilled at Fwiji and Cheyeza are both in the areas of strong Cu:Sc ratio. (Possibly the ratio is increased in the process of oxidisation?) Which makes me think they are part of the larger (deeper) sulphide systems which have been oxidised over time. Also the EM survey has predicted two large areas of hydrothermal alteration at Cheyeza which makes me think that it may be like an iceberg with the Cu:Sc anomaly just showing us the shallow tip.

Personally I would have liked to see them continue to drill SW of the oxide area at Cheyeza and follow it to see if it leads back to the fault zone and the sulphide source. It will be interesting to see what these latest drills produce though, I'm guessing that they are currently drilling the holes at the centre of the anomaly, which is directly in line with the fault zone to the SSE.

Mama Mia! Ella’s turned Italian now :-)

I hope some of the shareholders from XTR and the other shares that Ella posts on are seeing what he is up to, no doubt when the time is right he will be doing exactly the same thing elsewhere.

It’s noticeable that the buys are larger amounts in general than the sells… the poor little guys getting conned out of their shares so the big guys can quietly sidle up to the trough. Sad really but it just reinforces the need to do your homework when investing, especially in the AIM. The more the likes of Ella, Peggy, Caddy and the rest try and part you from your shares, the tighter your grip should be!

Caddy you should vary your patter a bit…. Your message history gives you away too easily :-)

I’m still waiting for some great input from you… I don’t remember seeing any to date…

Then perhaps you should sell… the choice is entirely yours.

If you buy and sell based on what other people are doing you are unlikely to make a profit. Anyone selling at this stage of the game is either supremely impatient or they haven’t done any research, or possibly both! My other major holdings were both massively down at one stage but I kept faith because I’d researched them and felt they would come good. Both are now in profit, one is multi-bagging. I expect the same here in good time and yes I’m prepared to wait for it.

If you could ban people for being female impersonators then we would have a couple of prime candidates! Short of getting them removed, the best you can do is deny them an audience and filter them.

We've already established 1.75km of continuous mineralisation and we've barely made a dent in Cheyeza yet... you can lead a horse to water as the saying goes! :-)

I sincerely hope you live to regret it! :-)

Shorn, yes I believe you are right, it looks like the open pit profile. You can find the diagrams I’ve used in this FQM report on Sentinel and Enterprise, it’s pretty detailed but shows just what goes into the design and planning of a large mine.

https://s24.q4cdn.com/821689673/files/doc_downloads/2021/NI-43-101/NI-43-101-Technical-Report-Trident.pdf

I’m not blind to the negatives Arty, there are some valid points which could be addressed at an investor call, but I prefer to focus on the things I can contribute. Personally I think all the negatives will be forgotten if we get good drill results! It’s been a frustrating year but exploration is not a quick business, you have to be prepared for that if you invest in it.