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It's now almost 3 weeks since we were told they were hoping to get the assay results 'shortly'. It may be that there are delays due to Covid etc. but I would be surprised if we don't get an update this week.

Based on the drilling rate at Fwiji they should have managed to drill about 1000m in the last 3 weeks so I'm also hoping to see a drilling update at the same time. I'm wondering if they took both rigs to Cheyeza or if they kept one at Fwiji to drill across the mineralisation that they grazed on the last drill there.

Banging the drum :-)

https://twitter.com/Jubilee_Metals/status/1450456412656656389?s=20

Copper price is on the up. My other copper stock is also making big moves today.

Fulmar, at a quick glance it looks like the whole of our license area is within Mwinilunga district. I’ll check later but I’m pretty sure that’s the case.

I’m seeing lots of green blobs in the message list today, I guess the telephone scam work is a bit thin on the ground at the moment! :-)

Mikie, I hope you made the point about quarterly reporting to Colin. That’s the one big thing that’s holding the share price back at the moment.

Nick was quoted as saying the assays should be available this week or at the very latest early next week. Let’s hope it’s today and we can see where we stand.

I notice a lot of people on twitter (mostly traders) shouting about game changing assay results and pumping up peoples expectations. I think it’s important to remember that the assays don’t have to be spectacular to make it a potential tier 1 deposit, if they average 1% that’s on a par with the best at Sentinel. Anything above that is a bonus. We just need to find a lot more of it!

You probably haven’t noticed Ella but nobody really cares what you suspect. Just in case any new board members haven’t cottoned on yet, Ella is our resident deramper. You have been warned :-) Back in the filter bin Mr Ella.

It was 1,000,000 shares not 1,000,000 quid…. That’s quite a big difference.

The only way his jail cell will be cold is if he pays for air conditioning ;-)

Some half decent assay results and we could be in for a bun fight. :-)

Thanks for sharing your insights PGE_Geo, very useful information. It definitely feels like a free geology lesson!

Arc in full tweeting mode today! Now just bring on the assay results to back it up :-)

I don’t know about the 60%, I have seen that mentioned but I don’t know if it’s a standard measure. I doubt Nick would have been using it in that way as obviously they didn’t have any assay results at that time, he probably just meant to indicate that the core contains lots of sulphides.

I’m sure this has been discussed already but the term ‘massive’ is used in the geological sense. It means a rock which is uniform in structure throughout. In this case it means that the core is mostly made up of sulphides, not just a few veins of sulphide running through another rock type. It’s a sign that the copper bearing fluids flooded through the rock and then deposited the sulphides throughout it, exactly what you want to find if you’re looking for large ore bodies. Yes it’s only 6m but they are drilling on the edge of the anomaly where it’s likely to be thinning out. Let’s see what happens with further drilling.

An RNS with good drill results today on the back of that note should really get things moving.

Artyth, I was assuming they were quoting the angle from vertical as that’s what I’ve seen in examples but I could be wrong on that. I guess you were giving the angle from horizontal so in essence the same thing! I tried a bit of trigonometry to figure out which one they were using but neither figure is particularly close. They were quoting a down hole distance of 275m being equivalent to approximately 200m true depth which I work out to be roughly 45 degrees… Oh well, I guess nobody is going to care as long as the grades are good!

I don’t think the images are from the first hole because that was drilled at 60 deg. The drill angle in the images is much shallower, nearer to 30 deg. The location of the first hole is quite close to the East side of the anomaly so it would be surprising if they hit thick sulphides there. In the broker note it said they weren’t expecting to find anything on the first drill, I guess it was more of a stratigraphic drill. I hope they are now drilling further to the West where things could get really interesting!

Lab results expected ‘shortly’. The suitors will have a keen eye on those results!

Ella has at best made a very poor investment decision. Imagine selling most of your holding in a company which is in talks with MULTIPLE major mining companies, has MULTIPLE large targets on its licenses which have been defined using soil sampling, airborne geophysics and now drilling.... why on earth would you sell at this stage?! The answer is of course... you wouldn't.