Anglo Asian Mining Share Discussion Threads

[mattjos] 16/5/2020 13:29

spider et al ….. use this link:

[mattjos] 16/5/2020 13:24

Yup, you've got it bleepy. It is potentially much, much bigger than i have ever before appreciated. No wonder Steve & Farzhang & the rest of the team are so excited!We have a cracking team on the case & we should not forget the huge benefits that John Monhemius brings.It is looking like a huge porphyry copper-gold deposit in an island arc & we are just nibbling on both HS/LS epithermal deposits at the margins. UGUR is a sediment host that has been replaced with Au and Ag.These are the sort of finds that Geologists and miners dream about.

[mad foetus] 16/5/2020 12:53

I think the description was of a skull with two horns and at the moment Gedabek us just scratching the top of one of the horns. How deep the skull is I don't know

[bleepy] 16/5/2020 12:51

Mattjos, I’m still reading and digesting the link to docs you posted earlier in the week.

Suddenly realizing the link between LS/HS (low sulphidation / high sulphidation) and the Porphyry Cu/Au below.

The Gadir Bittibulag fault line seemingly dividing the LS/HS ore type.

And with the reference to the Hardman report you posted(below), pieces of the puzzle are finally falling into place.


Hardmann concluded same in their report & Steve scents it also:


"In our opinion, the classification of Gedabek open pit as HS-epithermal, the nearby LS epithermal mineralisation at Gadir and evidence of porphyry are likely to be indicative of a much larger mineral system. The HS/LS-epithermal mineralisation is probably the upper part of a system, which is linked at depth with porphyry mineralisation in a way similar to the illustration by Impact Minerals below (ignore references to its deposits).

We weren’t surprised (with hindsight), but as we combed through the technical reports on AAZ’s deposits, we realised that the issue had already been exercising the minds of AAZ’s management, notably the Director of Geology & Mining, Stephen Westhead. The following comment and related diagram from the full resources report for Gadir were left out of the RNS announcement in March 2019.
“The discovery of Gadir and it being classified as LS-type, in addition to the other known mineral occurrences and deposits of varying mineral content in the Gedabek Contract Area, lends support to the existence of a large regional mineral-forming system.”


The relevance of the prospect being of world class importance is now hitting home and as you say staggering.

[spidertricks] 16/5/2020 12:41

That link has expired Matt. Who ever owns that S3 bucket needs to re enable it.

[mad foetus] 16/5/2020 12:37

This is a good one on gold price v fed balance sheet. https://twitter.com/badcharts1/status/1261299255630876672?s=21

[goodgrief] 16/5/2020 12:05

Article by AJ Bell's Russ Mould, "Can gold miners help to dig income seekers out of a hole?"You bet!!

[mattjos] 16/5/2020 11:26

This is a relatively short technical paper but, if you read this and all the while bear in mind the reports we have had from the company about the nature of Gedabek, Gadir, Ugur & some of the other targets now being examined then, you’ll begin to understand why this is such an exciting location that we are in.
The potential is staggering & the indicators are all present.
eg. I’ve never quite understood the relevance of ‘sheeting veins’ in Gadir but, now you can see why they are so important, so rich in Au/Ag & why we must keep ‘following the breadcrumbs’ left for us in Gadir - although not hard to do given the grades:

[swallowsflysouth] 16/5/2020 10:03

If the following trial is successful then a good investment would be a dog breeding farm ! lol

[friendzarin] 15/5/2020 22:39

Agreed.

The scale of Gedabek is never done justice on on a g maps view.

Stephen has been v v busy and he's. a high achiever..so next week can only be interesting.

[ntv] 15/5/2020 22:21

Wan
Bumpa has convinced you to get a good broker and you have seen the light
Maybe the we can convince you to get decent tea now !

[mattjos] 15/5/2020 22:15

Hi FZ .. yes, from what i can see from Google Earth, there has been a lot of additional work in/around the open pit + the area directly behind where we stood seems unrecognisable, as do various parts around Ugur.
There seem to be quite a lot more 'roads' that lead off into the hills everywhere & then end in a circular'ish dead-end.
The resolution is insufficient to be sure but, seems plausible they indicate where drilling has been / is being carried out.

If the company elected to double its Geology team & on-site laboratory, they'd get my vote. I dread to think how much data must already be in the CAD & wireframe models.

Pity we cant visit once every 6 months to catch up, isn't it?

[hubs] 15/5/2020 21:57

Hey CMB, good to hear from you as ever. I'm noticing the young ones on these threads a lot more...or I'm getting older (that avct thread, awful!)...as for AMC, done some shenanigans in the last couple of months, sold the lot but bought back in, got my average down to 1.13p now, quite heavily invested, but will exit once I've turned something acceptable in as a return.I hope this year.
I work for a living, only for a 3 or 4 more years...I'm a gardener, but a bit specialised and really into gardening and dementia, and all the possibilities within that. Believe it or not, as exciting as a few shares. This is fun, and to provide for that fun. Gardeners don't do it for money! I hope it rains in Cyprus and the fish come along...

[friendzarin] 15/5/2020 21:33

Some really nice pics earlier Matt..it looked as though our viewing point where we looked over the whole site has also been developed..is that right ?
In terms of next week and an announcement.In response to comments on what would be good to hear on this board. I'm sure that those that have company contacts have passed those on.
I don't know anything more than anyone else but I know this is a special company..and I think we'll have that reinforced next week.atb and stay well.

[mattjos] 15/5/2020 21:12

Yes, I was thinking similar Dan.

But, this is now Wave 5 of the long term Gold chart and so, I now i keep banging on about this but, it should be of similar nature and 'feel' to Wave 1.

Whilst we tend to fixate on the $1,900 figure as the big target, Gold would only have to finish the Quarter above $1,780 for it to have broken out on a Quarterly timeframe - that seems increasingly likely & would be a strong sign if June ends above that price

[dan_the_epic] 15/5/2020 21:06

Notice you dont get a big up candle like we are currently in with a string of whites behind it at the end of a move. More reminiscent of the 1200 zone on the rally up in 2010

[mattjos] 15/5/2020 21:02

Don't think i need add commentary:

[jeanesy] 15/5/2020 20:52

You make a good point CMB about money. It doesn't bring you happiness , just more choices. I just like to win and be in profit, doesn't really matter how much tbh, i'm not after millions just a few bob ! Enjoy the w/k end all.. Seems like i have upset someone again ?!

[baddeal] 15/5/2020 19:02

Good brokers don't wait, they issue news on results and then pump again when there is a follow up.Numis were my brokers and they are a different class.

[the stigologist] 15/5/2020 18:46

I was spitting feathers about AVCT in March

Now my only regret is not buying more

Won't make same mistake with DDDD

[jeanesy] 15/5/2020 18:38

If only DDDD would do the same !! Looking forward to some further news from AAZ next week including the presentation on the 21st .

[the stigologist] 15/5/2020 18:24

6 straight weekly positive candles for AVCT


free stock charts from uk.advfn.com

[mad foetus] 15/5/2020 18:16

While SPA are useless in this case it feels like they were asked to wait until next weeks news came out