Moto Goldmines Share Discussion Threads

[ohimbo] 28/7/2006 14:22

Winnit2 - 28 Jul'06 - 14:13 - 26 of 26


For a bit of background, the below statement is what the Company released on the 18th May regarding Okimo. Seem to have support in high places + they have a hugely influential Chairman in Sam Jonah.


Ashanti.............lol

[winnit2] 28/7/2006 14:13

For a bit of background, the below statement is what the Company released on the 18th May regarding Okimo. Seem to have support in high places + they have a hugely influential Chairman in Sam Jonah.


Moto Goldmines Limited
18 May 2006



MOTO GOLDMINES LIMITED -
CONTRACTUAL RELATIONSHIP WITH OKIMO

PERTH, WESTERN AUSTRALIA - Moto Goldmines Limited ("Moto") previously advised
that it had entered into discussions with its joint venture partner OKIMO with
the objective of simplifying the contractual arrangements governing the Moto
Gold Project and Moto acquiring a proportion of OKIMO's direct interest in
certain parts of the project.

L'Office des Mines d'Or de Kilo-Moto, a Congolese company ("OKIMO"), is a State
owned mining company that is the registered holder of licences covering the Moto
Gold Project.

The discussions have been delayed pending clarification of certain matters,
including OKIMO engaging external consultants to assist in completing a
valuation of its interests in the Moto Gold Project.

As part of this clarification process, Moto is pleased to advise that the Office
of the President of the Republic has confirmed its support for Moto's investment
in the mining sector in the DRC. The Office of the President of the Republic has
also confirmed the validity of the existing contractual arrangements governing
the Moto Gold Project. This confirmation is in addition to that previously
received from the relevant Ministries of the government of the DRC responsible
for OKIMO.

Moto wishes to thank the Office of the President and the Ministries for their
ongoing support. Moto looks forward to working with all stakeholders, and in
particular confirms its commitment to working with OKIMO, to successfully
develop the Moto Gold Project.

[corrientes] 28/7/2006 12:39

As I understand it, the state gold company,Okimo, with whom the company is in Partnership, is disputing ownership of the leases going back a few years. I've seen this before where current regime doesn't recognise agreements signed by their predecessors.I think I'll pass on this one for the time being, though even with the DRC discount, the numbers look good.

[simonbroughton] 28/7/2006 12:19

corrientes,

Please would you explain?

[corrientes] 28/7/2006 08:26

but there's a problem with the leases.

[ohimbo] 28/7/2006 07:53

Drilling Report

RNS Number:8785G
Moto Goldmines Limited
28 July 2006

Moto Goldmines Limited

July 28, 2006



FURTHER SIGNIFICANT RESULTS FROM ONGOING EXTENSION AND INFILL DIAMOND DRILL
PROGRAMME



Durba / Chauffeur / Karagba and Sessenge deposits again demonstrate their
outstanding potential and the world class status of the Moto Gold Project with
further significant results from the ongoing extension and infill diamond drill
programme.



Results at Durba / Chauffeur / Karagba include:


* 182m at 5.93 g/t Au from 80m to 262m,

* 78m at 4.79 g/t Au from 202m to 280m,

* 58m at 14.91 g/t Au from 30m to 88m,

* 44.35m at 4.85 g/t Au from 19.65m to 64m,

* 42m at 5.65 g/t Au from 224m to 266m,

* 40m at 8.71 g/t Au from 98m to 138m,

* 40m at 5.57 g/t Au from 157m to 197m,

* 38m at 4.70 g/t Au from 280m to 318m,

* 30m at 9.50 g/t Au from 206m to 236m,

* 24m at 10.97 g/t Au from 270m to 294m,

* 18m at 10.45 g/t Au from 38m to 56m,

* 18m at 6.62 g/t Au from 76m to 94m,

* 14m at 9.07 g/t Au from 230m to 244m, and

* 12m at 11.07 g/t Au from 0m to 12m.



Results at Sessenge include:



* 60m at 14.71 g/t Au from 482m to 542m.



Revised independent resource estimate planned for Q3, 2006.



Prefeasibility is scheduled for completion in August 2006.


In 2005 the Company commenced work to assess the potential for a mining
operation based on a number of ore bodies at the Moto Gold project in the north
east of the Democratic Republic of Congo.


In April 2006 independent geological consultants Cube Consulting Pty Limited
("Cube Consulting") estimated indicated resources of 43.44 million tonnes at 2.7
g/t for 3.756 million ounces of gold and inferred resources of 100.86 million
tonnes at 3.8 g/t Au for 12.353 million ounces of gold.


Recent drilling at Durba / Chauffeur / Karagba designed to both infill and
increase the resources for the purposes of feasibility work, has generated
further significant results.



Feasibility work has continued during the year, and the prefeasibility is
scheduled for completion in August 2006.



DURBA / CHAUFFEUR / KARAGBA



This set of stacked deposits continue to demonstrate the world class potential
of the Moto Gold Project. Recent infill drilling results confirm and in many
cases exceed the previous results. It is anticipated the ongoing extension and
infill drill programme will result in the conversion of resources from inferred
to indicated and an increase of the total resource base.



Significant intercepts from recent infill drilling include: 38m at 4.70 g/t Au
from 280m to 318m in DDD127, 40m at 5.57 g/t Au from 157m to 197m in DDD128, 40m
at 8.71 g/t Au from 98m to 138m in DDD155, 30m at 9.50 g/t Au from 206m to 236m
in DDD156, 44.35m at 4.85 g/t Au from 19.65m to 64m in DDD157, 22.65m at 6.76 g/
t Au in DDD158, 58m at 14.91 g/t Au from 30m to 88m in DDD159, 18m at 10.45 g/t
Au from 38m to 56m in DDD162, 42m at 5.65 g/t Au from 224m to 266m in DDD163,
78m at 4.79 g/t Au from 202m to 280m in DDD164, 182m at 5.93 g/t Au from 80m to
262m in DDD165 and 14m at 9.07 g/t Au from 230m to 244m and 24m at 10.97 g/t Au
from 270m to 294m in DDD173. These holes have demonstrated the excellent
continuity of the gold mineralization within the Chauffeur and underlying Durba
mineralized zones.



Intercepts from 3 holes in the programme, completed on the Chauffeur mineralized
zone 120m down plunge from the limit of an optimal pit shell have returned
significant intercepts including: 38m at 4.70 g/t Au from 280m to 318m in
DDD127, 40m at 5.57 g/t Au from 157m to 197m in DDD128 and 14m at 9.07 g/t Au
from 230m to 244m and 24m at 10.7 g/t Au from 270m to 294m in DDD173. Holes
DDD128 and DDD127 were collared 40m and 80m southeast respectively of DDD078
which previously returned numerous significant intercepts the best being 34m at
5.30 g/t Au from 192m to 226m. DDD173 was collared 40m to the northwest of
DDD078 on the same section line. Infill drilling is underway to enable
inclusion of this mineralization in the indicated category.



Drilling 275m to the northwest of the main Chauffeur mineralization has returned
significant intercepts including: 12m at 11.07 g/t Au from 0m to 12m in DDD134
and 18m at 6.62 g/t Au from 76m to 94m in DDD137. Previously reported
intercepts from this mineralised zone included 48m at 2.73 g/t Au from surface
to 48m in DDD131, 26m at 1.93 g/t Au from surface to 26m in DDD132 and 66m at
5.05 g/t Au from 12m to 78m in DDD133. Further drilling is planned to convert
these mineralized intercepts to resources which lie on the northwestern side of
the optimized Chauffeur pit.



The April 2006 resource modelling by Cube Consulting included estimations on
these mineralised zones as follows. At Karagba estimated indicated resources of
6.06 million tonnes at 2.7 g/t for 523,000 ounces of gold and inferred resources
of 15.87 million tonnes at 2.7 g/t Au for 1.397 million ounces of gold, at
Chauffeur inferred resources of 39.02 million tonnes at 5.5 g/t Au for 6.848
million ounces of gold and at Durba inferred resources of 2.30 million tonnes
at 2.2 g/t Au for 162,000 ounces of gold.



Significant results received and not previously reported for
Durba-Chauffeur-Karagba are summarised in Table 1.



A resource update is planned for August 2006. Further infill and extension
diamond drilling, 69 diamond drill holes totaling 28,000m, have been planned for
the Durba-Chauffeur-Karagba mineralization. Another diamond drill rig with a
depth capacity of 1,000m is being mobilized to site.



SESSENGE



Results have been received for the first 3 holes in a 15 hole, 2870m shallow
extension drill programme at Sessenge. SDD017A located on the northwestern side
of the mineralization returned significant results including 22m at 2.92 g/t Au
from 138m to 160m.



Diamond drill holes DDD163 and DDD173 at Chauffeur intersected mineralsation in
the down plunge stratigraphic position of the Sessenge orebody. DDD163 returned
22m at 2.69 g/t Au from 468m to 490m and 4m at 5.03 g/t Au from 494m to 498m and
DDD173 intersected 60m @ 14.71 g/t Au from 482m to 542m. This intercept
demonstrates the predictable stacked nature of these mineralised zones and their
down plunge continuity. The Sessenge mineralization now has a potential down
plunge length of 1500m.



Significant results received from shallower drilling at Sessenge are summarised
in Table 2 (results from DDD163 and DDD173 are included in Table 1, Durba,
Karagba, Chauffeur).



PAKAKA



Significant results from an infill diamond drill programme as designed by Cube
Consulting include: 20m at 3.01 g/t Au from 76m to 96m in PDD102 and 40m at
2.78 g/t Au from 65m to 105m in PDD123.



A diamond drill programme to twin previous RC holes is presently underway.



Significant results received for Pakaka are summarised in Table 3.



KOMBOKOLO



2 holes were completed as recommended by Cube Consulting. These holes were
drilled to demonstrate the validity of the previous RC drill results. KKRC010
contained 10m at 6.19 g/t Au from 26m to 36m and its twin KKDD001, returned 8m
at 11.01 g/t Au from 26m to 34m. KKRC025 intercepted 60m at 5.20 g/t Au from
48m to 108m and its twin KKDD002, 58m at 4.40 g/t Au from 48m to 106m.



The diamond drilling also provides core for metallurgical testwork and bulk
density determinations.



Significant results received for Kombokolo are summarised in Table 4.


GORUMBWA



A RC drill programme, recommended by Cube Consulting was completed on the
shallow southwestern side of the Gorumbwa deposit. This programme was to define
the limit of the mineralisation. Significant results included: 28m at 3.64 g/t
Au from 112m to 140m in GRC086 and 36m at 2.17 g/t Au from 114m to 150m in
GRC087.



Significant results received for Gorumbwa are summarised in Table 5.




Further details with respect to these results are included in the detailed
announcement, a copy of which is available on the Company's website
www.motogoldmines.com.

[paul140352] 27/6/2006 15:04

Production should start in 2009 at around 320,000 ozs of gold per year. The share price is curently 38% cheaper than March's peak at 375 but once the resource estimate is firmed up the price is unlikely to stay this low."Shares mag" 22-28 june 2006.

[fleetstreetmeet] 13/6/2006 16:17

post removed by ADVFN

[banagherotto] 24/5/2006 12:43

@rambutan2

My opinion: The reason for the drop was the 42Mio$ bought deal with Haywood and others with 5,5 Mio new shares. So the marketcap had to provide these new shares too. But as the CEO said in late of April, all are sold now. Another reason is the for 31.may outstanding 13MIO of Options. Most of them will become invalid!

[rambutan2] 24/5/2006 10:50

banagherotto, i was just pointing out the reason for the drop, which didnt make sense to me until i read the equity placing rns.

[banagherotto] 24/5/2006 09:53

@rambutan2

all directors need money and they should earn.He is one of the most succesful geologists in the world! What would You have said, if he sold shares on a hype and afterwards the course would go down?
So this is the better way.

[rambutan2] 24/5/2006 09:36

but this didn't go down well...

The Company also advises that on 23 May 2006 Mr Klaus Eckhof, a director of the
Company, sold 275,000 Common Shares at a price of A$5.25 per Common Share. Mr
Eckhof's interests in securities of the Company now consist of 275,000 Common
Shares.

[banagherotto] 24/5/2006 09:31

The Pfeasability Study will come in June/July 2006
The final Feasability Study is announced for Jan/2007
Production Start ist sceduled for mid/end 2007!
So i think it's a very good deal.

[dogberry202000] 10/5/2006 11:38

Director buying the other day. They also rose by almost 8% in Canada. These could rise to an extreme price. Ten bagger is losely used with shares. With this one it may be an understatment!

[mattyfromtheblock] 14/4/2006 13:15

Has anyone from the board even addressed the market yet though? Haven't seen the chairman or CEO or anyone commenting on any of the RNS' and outlining the company's goals etc. Looks like an interesting company though, will start looking into it more.

[rambutan2] 30/3/2006 11:29

agree, i always start with the Board.

[wassapper] 30/3/2006 11:19

I am holding some of thesein my sipp as a long term gold play. On a dollar per ounce inthe ground basis they still have plenty of upside. I like the area, the results to date, and I like the Board.

[rambutan2] 30/3/2006 01:34

hi wassapper,
this has doubled in oz since start of 06, so missed the boat a bit, although should still be lots to go. note that 5:1 cdi down under.

asx link including pdfs of all filings including recent annual report etc...


and canadian board...

[latia] 29/3/2006 15:31

Make it all true, great news!

[wassapper] 29/3/2006 15:30

hello rambutan - another DRC play but a very prolific area. Look at what has happened to the Banro price, and Moto are following along behind.

[rambutan2] 28/3/2006 01:55

you can see/hear the md present here...