Member Info for zoros

7 holes and approx 8600m.
intercepts of less than 200m don't carry much weight as far as Todoruk is concerned.
The grades are fantastic but don't run deep.
Z

I only see approx 8600m of drilling, mainly to depth.
Assays awaited @ Goliath.
Nothing on Juri.
Good grades but short intercepts?

Mmmm....disappointed.
Let's sleep on it...see you tomorrow.
Z

AUgusta..and ....CUllan
Z

2

...no, not another baby!

Looking for:
Additional results from approx 20Km drilling from extended SE Crescent and breccia zones.
NW crescent and breccias.
Progress with decline (started on May 9th). NCP dig rate approx 250m/month, Byrnecut record: 700m, my estimate: 350m.
Confirmation of PFS in September.
Juri progress report.

Shock and Ore:
MRE (inferred) NW Crescent and N breccias........very unlikely but technically possible....this would put the cat amongst the pigeons!

Curtain call: 15 minutes Mr Sandeep, 15 minutes.....

Z

Hi Bamps - it's been a while since I saw it but he is the main reason I have invested here. Brilliant presentation and yes it looks like some if not all of his assumptions are coming to fruition.
Brilliant vids.
https://ggphelp.co.uk/knowlege-base/zoros/
Z

WTF have we done to deserve you back again?
R u a BB junkie?
Damn.
Z

RK - good strategic thinking. Agree wholeheartedly. .....but bringing into play what addict says too.....how about J/V to start off.....then when they (BHP) know they are going mining properly, after the FS.....buy the 30% or whatever they leave sol with......out.
Z

Reminder:

2021. 29000m Cascabel resource definition drilling. (Tandayama A / Aguinaga).
05/21. Awaiting Tandayama assays for holes 8 – 10. Expediting additional drilling.
H2/21. MMRE for Tandayama.
2021. Porvenir. Updated drilling programme, 25000m. 112 man camp enlarged.
29/3/21. Blanca (Cerro Quiroz). Assay results, holes 1 - 4. Only hole 4 reported.
2021. Blanca (Cerro Quiroz). 3000m extended drill programme. (3rd visit to site).
29/3/21. Porvenir (Cacharposa) holes 5-7 assay results. Holes 8 – 11 assays pending.
Q2/21. Porvenir MRE.
29/3/21. Helipuerto project. New Tinkimints prospect.
05/21. FNV $50Mn deferred loan due date.
05/21. M D and A and Quarterly financial report.
2021. Blanca (Cielito). Assay results holes 1, 2 and 4 completed.
08/21. M D and A and Quarterly financial report.
Q3/21. Sharug project 3000m drilling commences. (Water licence received 03/21).
Q3/21. Celen project. 3000m drilling commences.
11/21. M D and A and Quarterly financial report.
Q4/21. Alpala PFS.
2021. Chillanes. Ongoing access negotiations continue with local communities.
[Highest Cu results from any Solg project in Ecuador].
2021. Timbara. Continued mapping and sampling.
Q4/21. La Hueca. Early reports inconclusive. Further drilling commences.
Q4/21. Varela (Rio Amarillo) 12km drilling programme starts. (Possibly Q1/22).
Q1/22. FS (DFS/BFS).
2022. Sinking of ventilation shafts @ Alpala. (3yr completion period).
2024. Renewal of Cadastre lease agreements on various tenements.
2028. Alpala first production from Block Cave mining.

Z

Bottle - update emailed just now.
Regards

Z

Q2/21. Refined and remodelled drill testing @ Scallywag (Swan / Teach / Architeuthis).
04/21. Juri JV drilling commences (Goliath / Outamind / Los Diablos / Parlay).
NCM invests $3m over first 2 yrs. $17m over following 3 yrs.
04/21. Rigs at Paterson Range East and Black Hills. (Tama, N5,A9).
05/21. [Exploration decline commences. 420m deep / 3km long].
09/06/21. NCM Interim report.
06/21. GDXJ quarterly rebalance. .
22/07/21. NCM June quarterly results.
11/08/21. MSCI quarterly Index Review (effective 01/09/21).
19/08/21. NCM full yearly results.
Q3/21. MRE(2)(Inferred) for NW Crescent and adjacent Northern Breccia zone.
Q3/21. MRE(Indicated) for SE Crescent and adjacent Breccia zones.
[https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xeqo0ox].
09/21. NCM Interim report.
09/21. GDXJ quarterly rebalance.
Q3/21. Possible admission to GDX?
Q3/21. Havieron PFS. (On completion, NCM will own 70% Hav).
28/10/21. NCM September quarterly results.
11/11/21. MSCI quarterly Index Review (effective 01/12/21).
26/11/21. Firetower/Warrentinna mining rights expire.
H2/21. Drilling programme commences – Rudall.
12/21. GDXJ quarterly rebalance. .
12/21. Option for NCM to take over management @ Juri JV.
09/02/22. MSCI quarterly index review(effective 01/03/22).
Q1/22. Exploration decline and ventilation shafts complete. (@ est rate of: 350m/month).
Q2/22. Stoping (2M tonnes/yr) commences @ main ore body.
12/05/22. MSCI quarterly index review(effective 01/06/22).
Q2/22. First pour? High grade, low output. (Possibly mixed with existing Telfer grades).
Q3/22. F.S. Decision to bulk mine (as a JV) to be made by NCM and GGP.
08/07/22. Bromus mining rights expire.
11/08/22. MSCI quarterly Index Review (effective 01/09/22).
Q3/22. SLC decline commences. [1200m deep / 8km long @ 350m/month][22 months].
10/11/22. MSCI quarterly index review (effective 01/12/22).
01/11/23. Panorama mining rights expire.
Q3/24. Bulk cave mine construction begins.
Q1/25. NCM may acquire additional 5% interest.
2028. Bulk mine production.

Z

https://greatlandgold.com/wp-content/uploads/2021/04/GGP-Corporate-Presentation-April-2021.pdf
Page 15: “Greatland value creation”.
Let’s remind ourselves what drives the SP (future value drivers), on the rhs of the page.
Wednesday evening news could tick every driver in the ‘resource growth’ box.

Page 10: Havieron | Catalysts for value. [Points 1 and 2: MRE’s].
My original roadmap suggested Q2 for the following:
*MRE(Indicated):
The high-grade infill drilling results provide additional confidence of both geological and grade continuity within the existing resource shell. This supports the delivery of an Indicated Mineral Resource estimate in the South East Crescent Zone and adjacent Breccia Zones.
*MRE(Inferred):
North West Crescent and Northern Breccia: The Growth Drilling programme will initially focus on the North West Crescent and Northern Breccia zone and is aimed at providing support for the potential expansion of the existing Inferred Mineral Resource.
*https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xeqo0ox

In the case of the Indicated MRE (SE crescent and breccias) – and with thanks to our resident geologist (Bamps) offline, it has been suggested that the later this MRE is reported, the more value it will afford the PFS in September. So I have moved this to Q3/21.

In the case of the Inferred MRE (NW crescent and northern breccias) – it is estimated that only 20,000m drilling will be reported on Wednesday evening. The remaining 45,000m of growth drilling won’t be completed until later in the year. So I have also moved this to Q3/21.

But as we all know, NSM/GGP continue to surprise us. The PFS has been brought fwd to September. The box cut was completed a month ahead of schedule. Byrnecut are digging at well above average rates (I estimate atleast 200m of decline progress will be reported on wednesday).
Will an MRE (2)(Inferred) be announced by GGP on Thursday?

And a small reminder that to date, NCM/GGP have been basing their MRE's on Au @ $1400/oz.
Tbc…………………….

Z

Jacketthebear - I think that is a very sound post, indeed.
Shares are by their very nature - emotional vehicles. When you invest your own money (and worse still - someone else's), you always like to think you know what's best. When they rise, you automatically think you really know what you are doing! When they drop - you fester quietly and keep it to yourself!! Others can become quite agressive if they are sitting on a loss. Nature, I believe it is called.
The other issue (here in particular) is that there are those of us who are sitting on a small fortune (some are even sitting on a large fortune...no names!) can say and think what we like...we are 'home and dry'. Any further profits being the icing on the cake. But I try to think of those further down the food chain, who are sitting on a loss and reading everything that comes their way, believing the 'good' stuff and ignoring the 'bad'...Nature.
I have been burned on several occasions during my time in S&S. I won't name the companies but they were all on AIM. AIM is a minefield. It is like playing with fire 90% of the time.
Occasionally a jewel surfaces and provided due dilligence backs this jewel up AND you can afford to risk a catastrophe...then it's as good a bet as most other main stream investments. There aren't many around.
We are blessed on here with conscientious contributors who provide essential background information - quite rare these days. But at the end of the day...they are only human (like you) and have their own agenda to protect.
Play the AIM with money you can afford to lose......the rest is happenstance.
Nature.....................
Z

RK - you shot yourself in the foot there me old, eh? Magnum 357 methinks!
Silly billy.
And just as people were taking you seriouslyy, too?
Z

Bamps and I have had a chat about the roadmap (which I will push out on Monday after a few tweaks). We had a visitor on this bb earlier this week (southwestern) who put the cat amongst the pigeons, so I needed to clarify a couple of things.
In the meantime, here is a precis of the way ahead....enjoy... (the links are fascinating - hiuge engineering project. You can see where the money goes!).

As of June 2021.
9th May 2021. Exploration decline commences (1 month early).
Decline ( https://www.mining.com/wp-content/uploads/2021/05/Havieron-Boxcut-aerial-1024x681.png) and ventilation shafts (https://www.youtube.com/watch?v=fzhf1gU1mws)
commence towards top of main ore body within the crescent, approx 420m beneath the surface. Length of this decline will be approx 3000m. Byrnecut are contracted to construct the decline. Sandeep estimates 250m/month. Contractors (Byrnecut) are presently digging faster than this.
Arrival @ ore is therefore estimated between 200 and 350 days. (Dec 2021-May 2022).
Q2/22. Stoping tunnels connect the decline to the main ore body. On reaching high grade ore body they will extract high grade low volume mineralisation and feed one of two processing trains @ Telfer. [ https://www.youtube.com/watch?v=Ruo0YrLGAwA ]. First pour?
Sandeep suggested this is the quickest way to extract maximum returns from low volumes of high grade ore. (4 + years to extract the 54Mt of high grade ore).
Q3/22. F.S. A decision will be made by both partners to bulk mine the remainder as a JV*.
If both parties agree, a decline for the bulk mine will be constructed a further 1200m deep and run for approx 8000m. (@350m/month: 2 yrs).
Q3/24. Bulk mining construction begins. [ https://www.youtube.com/watch?v=qp7bm24PDwc ].
* If GGP wish to continue with the project at this stage, it will need to fund 30% of the production costs (currently estimated $1.2 to $1.5Bn (updated @ PFS)).
Sandeep: “...Mass production is expected to continue over many years as a consequence of bulk mining. As the mine expands, more income will be generated and this is expected to commence around late 2024…”

Have a relaxing weekend greatland golders........

Z

Does make you wonder though..eh???
Z

BHP @ 11.8% eh???
Z

This is from Warren Irwin last February:
"... I would say the best outcome for Cornerstone shareholders would be to work with SolGold to settle the differences and work cooperatively with the new CEO to maximize the price we would get on a sale to a third party. Juniors don't build big mines like this...."

and voila.....

we have today's RNS.

Whats good for Solg is good enough for me. Personalities shouldn't come into it.

Markets think so too, it seems.
Z

Dartfrog - let me remind you what Warren Irwin said earlier about the RNS:
"...Ecuador is open for business (for now). Copper is rocking, SolGold is a bit of a sitting duck. I think BHP and Newcrest would be easy to knock off and for an aggressive acquirer to muscle them out. We'll see what happens, will be fun to watch. Pressure builds everyday as copper moves higher. ..."

I believe (last time I looked) WI has his finger on the pulse......you...do not. So let's not be so pedantic just yet, eh?
Whatever was on the cards before has now (as a result of this RNS) biased towards a JV/sell out of ENSA.
Remain flexible ;)
Z

Bamps - I responded to your email a couple of days ago. Can you respond please?
Z