Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Food for thought....
750 million shares would amount to less than 20 %.
Newcrest took 10% stake in SOLG in 2016:
http://ir.q4europe.com/Tools/newsArticleHTML.aspx?solutionID=3676&customerKey=Solgold&storyID=13656534
Newcrest took 27% stake in Lundin for the Fruta del Norte gold mine in 2018:
https://www.lundingold.com/en/news/lundin-gold-announces-us-400-million-private-place-122489/
May be worth a question in anticipation of the AGM.
Those are northing and easting ccordinates.
Yes, TT. Well said. But let's revisit this in a year's time... (big grin) for which I will still be here.
SoS
Should have posted ages ago, but LSE... Probably crashed by GGP shoreholders!
This RNS is all about the details. GH / CB have been much more specific in this release. It’s worth a closer read – crack out the lawyers.
“…further excellent drilling results….” Yes. Yes. Yes… Based on these results alone it’s definitely Ducks, Ducks, Ducks… But the devil is in the details. So look further down.
“to support the estimation of an initial Inferred Mineral Resource from the South East Crescent and adjacent breccias” - This has changed from the release of 10 Sept 2020 (“On track to deliver an initial resource for Havieron in calendar Q4 2020”). “Drilling since May 2019 has outlined an ovoid shaped zone of variable brecciation, alteration and sulphide mineralisation with dimensions of 650m x 350m trending in a north west orientation.” So they are hinting that the MRE will be based on these dimensions. There is further detail deeper into the release. The new Eastern Breccia is only identified by 2 drill holes, including the (stunning) new HAD084 – 342m @2g/t.
A great statement : “ A further 34 drill holes for 35,037m of drilling was completed in the quarter to 30 September 2020. All holes intersected mineralisation.” They cannot miss! It’s just brilliant.
However…..” A total of 73 drill holes have been completed to support the estimation of an initial Inferred Mineral Resource in the December 2020 quarter. The majority of this drilling is located in the upper 600m vertical extent of the zone…”. ” In the North West Crescent target, a total of eight drill holes have been completed”.” The Northern Breccia has been identified in 15 drill holes to date.”
Based on the language used we should be basing our initial MRE on the more conservative estimates, using the 600m depth and our sulphide zone dimensions. But this is definitely a monster which over the next year will grow. So an initial MRE of 5-8mOz.
Pretty much confirmed by GH in Proactive investors interview this morning.
https://youtu.be/TVBJ2RzglaE
Hi, Jane. I lurk in both this and t'other world. Definitely an interesting place to complement LSE and some lively debate without the spammers. Once you've served your 'ban' please check back.
Just for interest, for those wishing to compare, SWAG (2018):
"Highest results returned from MMI sampling were 8ppb silver, 50ppb arsenic, 0.4ppb gold, 480ppb cerium, 2750ppb copper, 280ppb lanthanum and 240ppb lead."
FYI
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/w6ek0gr
"MMI sampling and ground gravity over the Havieron target has been completed at an initial sample and station spacing of 200m x 200m. Additionally ground gravity has been completed over the Scallywag target at a station spacing of 400m x 200m. Results of ground gravity and MMI work at Havieron has outlined several targets for a 2018 drill campaign with the peak gravity response not tested by existing drilling. Gravity confirms a NW structural trend of basement carbonate sediments which is mirrored by the surface MMI response. Clusters of elevated gold, silver, arsenic, copper and iron in MMI results are proximal the peak co-incident gravity and magnetic response. An elevated MMI response in pathfinder elements (cerium, lanthanum, uranium and lead) to the immediate SE of Havieron suggests primary basement mineralisation may be present along strike in a structural contact for up to 1.5 kilometres. Peak MMI responses over Havieron were 4ppb silver, 70ppb arsenic, 25ppb gold, 834ppb cerium, 710ppb copper, 53ppm iron, 284ppb lanthanum, 860ppb lead and 112 ppb uranium. Elevated pathfinder elements detected by the MMI survey support our view that Havieron is an Iron Oxide Copper Gold ("IOCG") system. Gravity results from Scallywag show gravity highs co-incident with the magnetic targets over approximately 2km of strike. Gravity and MMI results have been deemed satisfactory and can be cost effectively deployed to screen the many other prospective regional targets identified by Greatland (as announced 17 Aug 2017)."
MRE too soon.
PFS too soon.
Once CB is exhausted.... Once GH has wrung the last of the gold n' copper out of him. I think by that point EG will have paid back a few broken hearts. By then I think I will have reached my exit point.
Hahaha, Daveri007... One of the best threads ever on GGP LSE....
The debate on percentage profit... P myself laughing for hours on that night.
Folks, calm on the MMI front.... Rememeber, this is a soil sampling technique that measure free ions within the soil sample. The minerals may be meters/centimeters/milimeters deep (alternatively 400m deep)...
"MMI™ measures metal ions that travel upward from mineralization to unconsolidated surface materials such soil, till, sand and so on. These mobile metal ions are released from mineralized material and travel upward toward the surface."
https://www.sgsgroup.com.cn/en/mining/analytical-services/geochemistry/mobile-metal-ions-mmi
There are SO many variable here that can change the MMI sample. A surface sample is only an indication of the general regional mineralisation. Repeated high sampling does not imply massive deep deposit. It could imply a high grade thin layer of mineralisation nearly sub surface. An area of wash with a nearby erosive outcropping.... Umm... I can go on. Magic? Help...!
Yes, it is indicative, but not definitive.
This is part of the methodical exploration picture.
Remember, from the 6 Dec 2017 RNS "25ppb gold... 710ppb copper"
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/w6ek0gr
From that we would have assumed Hav COPPER, with a bit of gold.... But we know better. We know, we really know!!!
We are SO close to finding the truth.
(laughing hysterically) Patience my young padawan.
GLA. Hold for Gold. Bum-Hands.
(still laughing hysterically)
Ahhh.... the soft chatter of Sunday night tinnitus...
Good night all. Sweet dreams.
See you all in the morning for the 7-8am quick check to ensure we haven't missed that sneaky long awaited RNS.
Onwards and upwards.
GLA. Hold for Gold.
Hands-Bum!!!
Well, it's clearly the end-is-nigh time, isn't it?
The MIckey1122 AI has become sentient. Have any of you NOTICED ? It's making full sentences and is starting to omit it's normal algorithmic output. It's becoming EXCITED for god's sake.
And LaurenLouise is starting to ramp.
It's sign.
Hi, AAA. I was actually looking into this earlier this morning.... Coincidence...
There are 2 TBMs being used in Sydney and Melbourne on their Metro networks.
https://aalshipping.com/aal-delivers-tbms-for-australian-metro-projects/
But in mining, I found this....
https://www.ausimmbulletin.com/feature/historic-tunnel-boring-in-australian-quarrying-and-mining/
However these go back to 2016.... Cannot find anyhting recent.
Had a good nosey around NCM website and cannot find anything... :(
First TBM in Aus was 2012 at the Grosvenor Project in Queensland by Anglo.
Kieffy, SB said in his last presentation that end of 2021 for PFS.
:)))
GLA
You're still welcome to staying, new-RRR....
No, RRR, share price didn't jumping up.
The SP done creeping up.
But I'm happy with that. Right where it should be for now.
Safe and Secure.
PS:
Lovin' the New and Improved RRR.... Are you REALLY the true RRR or are you an imposter who has stolen RRR's identity? In which case you are welcome to stay.
ATB
We've got Lions waving hammers...
Magical Mushroom Soup dealers posting on LSE...
RRR is bigging GGP up......
Cartoon characters everywhere....
And folks begging a working bloke who occasionally posts awesome factual intel for help in the midst of chaos...
God help us all.
Have none of you seen the (forgive me) Money Supermarket bull???
Calm down, folks... Peeeeeace....
I'm going to wake up tomorrow and this will all have been a dream.
GLA (short and tall, young and old, mythical and non-mythical)
This is going to be an amazing next 2 weeks.
Loving GGP
GLA. Hold for Gold and keep on sitting on those hands!
See??? Easy as that.
I agree with Spratt.
I am hoping that the pro derampers have had an amazingly strenous week and are having to atke the weekend off to recover through all their obvious efforts and clear successes.
SO...
If some muppet does arrive and post a negative heading, don't, PLEASE, respond to it. Respond by altering the header and then replying in that. The psychology of negativity lies embedded in the thread. Improve their header and post your retort to them in that.
I for one still need to rest after that amazing week...
Facts and reasoned opinions.... Please....
Fact - It's Friday
Fact - BRING ON MONDAY
Fact - Someone is buying big chunks. Speculation it's front running. Maybe. Maybe not...
Fact - GDXJ ARE buying a stack of shares on Monday
Fact - We are due AEM survey results in the short term
FACT - We are due SW drill results in the near term
FACT - NCM ain't hanging around for NineMil or his mates - it's full steam ahead
FACT - Who care about the medium or long term? The next few weeks are going to be fun enough for me.
GLA. Hold for Gold.