The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
This is about EMX and RTZ. Thought it might be worth a comparison. Apologies if posted previously.
"Rio Tinto Exploration Pty Limited (RTZ) has indeed been involved in drilling activities in Queensland, Australia. Specifically, they conducted historic drilling at the Queensland Gold Project, which is located in the northeastern part of the country. Here are some key points about this project:
Project Overview:
The Queensland Gold Project is one of the largest projects owned by EMX Royalty Corporation in terms of area.
It covers a 46,400-hectare region and is situated in the Tasman Orogenic belt, known for hosting significant gold mines and deposits.
The project includes historic gold mines, gold occurrences, drill-defined zones of gold mineralization, and untested gold geochemical anomalies.
EMX acquired the project in stages between 2016 and 2019 before the recent surge in gold prices.
Mineralization and Exploration:
EMX’s exploration work followed up on historic drilling conducted by RTZ.
RTZ’s drilling intersected long intervals of gold mineralization in the project area.
The mineralization is associated with quartz vein stockworks in rhyolitic-dacitic intrusions, typical of intrusion-related gold systems (IRGS).
Notable historic drill holes include:
RC93CH3: Mineralized over its entire length, averaging 94 meters at 0.49 g/t gold.
DD93CH10: Averaged 0.47 g/t gold over 66 meters (from 59m to 125m), also ending in mineralization.
Several other holes also ended in mineralization.
For comparison, the average grades of current reserves and resources at the nearby Mt. Rawdon Mine are 0.69 g/t gold and 0.62 g/t gold, respectively.
Availability and Ownership:
The Queensland Gold Project is 100% owned by EMX and is open for potential partnerships.
In summary, RTZ’s historic drilling at the Queensland Gold Project revealed promising gold mineralization, and EMX continues to explore and develop this significant property"
And separately,
"Australia’s geological diversity, including greenstone belts and favorable structures, contributes to the abundance of gold deposits. ECR Minerals aims to uncover a multi-million-ounce gold resource in these regions, shaping the future of Australia’s economy and identity."
sources: Bing
By the way, this is you 22 June last year Nicepair, did I get this right? So it begs the question, why are you still here?! If you can't say something positive about your investment, don't bother, that's if you are even invested, which seems highly unlikely given the below attitude. Filtered.
"I can only agree with the so called derampers on this post . If I could argue with their comments about ECR and their lack of progress in well over a decade then I would. But let's face it , this company has been woefully mismanaged by all and sundry .In 15 years they have failed to deliver ON ANY of their promises , whilst taking a kings ransom in wages and spending investors money like confetti .That isn't a de ramp , it is actually what has happened .And the only NAYSAYER that really tells the truth here is the SP .You cannot keep getting away with blatant deception forever .In time the well meaning investors will bail out , and that is exactly what has happened .God only knows how this company has got away with it for so long .And the fact that none of the hierarchy is buying shares at this so called " bargain price " , does really sum up this debacle perfectly. Utterly scandalous performance for well over a decade . I believe the faithful are just hanging on now to get some of their money back .This company owes the investors big time but just keeps taking from them .Its outrageous, but strangely, legal ."
Nicepair, no need to criticize, people can see from themselves from the chart above, but yes, it was 29 December 2020, and I will correct myself, in that it was during covid! Thanks for being so gracious about it (NOT)!
Rr101, you 19 March;
"It’s on spreadbet and as you know it’s always good to re risk. I can always get back in tomorrow if I see it looks ok but thought I might see some profit taking. My isa is still going though."
Ummmm!
A 200 went through a while ago. They want the shares. Same as yesterday. Looks like they are working a big buy or two. Must be positive news not far off, someone is in the know and wants to add. Hold tight. Think twice before gifting your shares away to deeper pockets! This was £4.34 some 10 days ago and nothing has changed. MMs at play! my views.