Anglo Asian Mining Share Discussion Threads

[polaris] 29/7/2020 09:46

You might have a point there Katsy. Maybe all this time we have been mining Fool's gold. ;-)

[katsy] 29/7/2020 09:44

Just checking in to see if we are still a gold miner after seeing so many tick downs in a short space of time. I thought maybe we were mining false gold or something.

[crazycoops] 29/7/2020 09:40

This today from the Chief Market Strategist of the World Gold Council (which I would suggest is the real driver of the recent spike in the price of gold) - "Another 80k lots of GCQ0 rolled into GCZ0 yesterday (Comex August #gold futures > December) leaving about 100k of August Open Interest left. Note the roll cost has narrowed sharply over the past 2 days indicating perhaps much of the remaining will go to delivery?"

[cinoib] 29/7/2020 09:34

Mattjos, have been a follow of Scotgold for a few years but won't buy in untill they start digging the stuff up as I know from past experience that the share price will drop alarmingly when it does, that will be the moment to go in. Have been bitten too many times by explorers Gfm, aau and conroy, yes I was in there years ago, big on promise shy on delivery. Must be over 10 years since they applied for a licence. I watch with anticipation to see if AAZ board can stir them more than previous companies. Gold hitting all time highs today and AAZ goes down, strange, very strange.

[bonio10000] 29/7/2020 09:23

FED statement tonight.

The most meaningful gold driver this week.

[polaris] 29/7/2020 09:17

Hi Mattjos,

I can comment here as a chemist. ATS basically chelates to an enormous number of metals, but preferentially to certain first row transition metals. I used to use it to separate certain metals from solution (expensive isotopes) from each other. Then you release the metals back into another solution (usually by acid mixing) and use electrolysis or similar to take out the specific metals that you are interested in in metallic form. In these methods you can retrieve at least some of the ATS for further use. This means that the limiting factors are the impurity metals in the ore itself.

Edit
I was using it to separate copper from nickel in solution...copper is in the same chemical group as silver and gold. Never tried it for the whole group in solution but that means it probably preferentially binds to the whole group over other metals.

[return_of_the_apeman] 29/7/2020 09:09

Tomorrow for the H1 E&P report imo :-)

[donald pond] 29/7/2020 09:05

PoF,
I have heard the same thing from other sources. Thanks for posting, exciting times indeed!

[pantsonfire] 29/7/2020 08:59

Good morning callmebwana. Your post 23202, this was my pleasure! I know the board from PXC, and whilst being excellent miners, they have difficulty to blow their own trumpets (I think we saw that with the chairman in his recent webinar). But that's often the way with boffins, isn't it? So, in a way, looking back, my posts (with others) have been their PR department, although this was not intended. I just wanted to scream out about what a fantastic opportunity there was (is) with PXC.
I do call to the directors from time to time (and again would encourage others to do that), and they are happy to talk. I have to write up one now on the impact of their copper on the future of the company, since today our posts appear to be all about Gold and Silver. I'll be posting that conversation shortly. But in a conversation, I can also get to understand the general mood, and we do talk about the way the company is developing and the long term future. I can tell you here, the mood is BOUYANT. They are focussed on delivering the short term production, not only to get the company up and running, but more than anything to deliver the elephant that lies beneath, which they beleive is MASSIVE. And according to my conversations, they do have things mapped out and fully under control, and do intend to do this without significant dilution.

[celeritas] 29/7/2020 08:26

This is worth keeping an eye on.

[gold finger 1] 29/7/2020 08:10

This share price is a gift from god.
And i am not a religious man.

[pogue] 29/7/2020 07:45

Something that backs up my bearish stance on oil. As predicted global supply has rebounded faster than demand. OPEC can keep their production cuts going instead of tapering but why would they give market supply to the Yanks etc and continue to suffer themselves. Maybe Putin will give the US some of the vaccine to boost demand. I would hope Trump would be the first to take it so the side effects could be monitored on the media daily.



The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new four-month supply glut of around 170 million barrels, a Rystad Energy analysis reveals. The analysis is based on the assumption that oil demand will not rebound as quickly as previously thought due to the persistent expansion of the Covid-19 pandemic in key markets, or what we call a mild second wave of the virus.....

Unlike demand, global oil supply is set for a mini growth rally after reaching an astonishing low of 86.4 million bpd in June and an expected 88.2 million bpd in July. The planned output increase from the OPEC+ alliance and the reactivation of other global shut-in production is forecast to push supply to 91.2 million bpd in August, 92.5 million bpd in September, 92.9 million bpd in October and 93.3 million bpd in November, before closing at 93.4 million bpd in December....

[wanobi] 29/7/2020 07:35

no! pogue,, LOL Cheers Wan :-)

[callmebwana] 29/7/2020 07:27

Good morning all.
The AAZ presentation on Proactive Investors is great. Well worth watching.
GLA for today.

Oh' PoF I forgot to thank you for pointing out PXC 👍

[2sporrans] 29/7/2020 07:26

Good find Goldrush.

Could be that ATS may be adopted for the Azerzi operations as well as
being advantageous [not only environmentally] for the Irish prospects.


Noted Matt's post re. Scotgold too.
$700/oz AISC for a veinous underground extraction [if my recall correct]
is enticing.


Was hoping [rather than expecting] the H1 E&Ps out this 7am.
Please be Thursday.

[pantsonfire] 29/7/2020 07:23

You beat me to it Wan. Yes, excellent drilling results from Empire. And the Red Star results should be out any day now as well. This is indeed a race between the gold of Empire and the silver of Red Star. If they can get low cost production with the thiosulphate at Empire, the gold may win! and what a winner it would be at the moment.

[pogue] 29/7/2020 07:11

Russians have a CV19 vaccine ready to go on 8th of Aug they claim... would you take it?

[wanobi] 29/7/2020 07:09

Good Morning, Good Health & good Luck today one and all :-) Cheers Wan :-)

Gold at 1952 :-) wowzer, it's holding up there :-)
Brent at 43.28 :-)
Silver at 24 LOL :-)

AVCT - RNS, should help share price today :-)
CORA - RNS - also, can't be bad can it :-)
PXC - RNS - Robust Drilling Results from the Empire Mine Open Pit Gold Zone

[pogue] 29/7/2020 07:06

AVCT CV19 bingo call. Not that exciting on first read could be wrong.



Expansion of Partnership with Daewoong Pharmaceutical to Include COVID-19 Neutrali s ing Affimer Therapy
Collaboration to develop stem cell therapies for COVID-19 and future pandemic diseases
Avacta Group plc (AIM: AVCT), the developer of Affimer(R) biotherapeutics and reagents is pleased to announce an expansion of its collaboration and license agreement with Daewoong Pharmaceutical Co. Ltd. (KSX: 069620) and AffyXell Therapeutics, the joint venture established in South Korea by the two companies, to develop stem cell treatments incorporating Avacta's neutralising Affimer therapy for the treatment of seriously ill patients with COVID-19 and to also prepare to rapidly develop similar therapies for future global pandemics.
Respiratory diseases such as COVID-19 can cause serious damage to the lungs as a consequence of over-activation of the patient's immune system, resulting in cytokine release syndrome that can potentially lead to multiple organ failure and death. Stem cell therapies offer a very promising approach to repair the damage to lung tissues in these pulmonary diseases by controlling the immune balance.
AffyXell Therapeutics, the next-generation cell and gene therapy joint venture between Avacta and Daewoong Pharmaceutical, is developing a novel class of mesenchymal stem cell (MSC) treatments that are engineered to also produce Affimer therapies in the patient at the site of action .
The expansion of the agreement between Avacta, Daewoong Pharmace u tical and AffyXell announced today extends the scope of the partnership to include Affimer molecules that target viruses, such as coronaviruses, in order to develop therapies that repair the lung damage caused by COVID-19 whilst also producing neutralising Affimer molecules to prevent the progression of the disease.
AffyXell will engineer mesenchymal stem cells to express SARS-COV-2 neutrali s ing Affimer molecules in order to develop treatments for seriously ill COVID-19 patients, and will also prepare for rapid development of next-generation stem cell therapies for future infectious respiratory disease outbreaks.....

[captain james t kirk] 29/7/2020 06:20

cOlin1
Thank you very much for the reply.

[traderglt] 29/7/2020 04:11

But what happens to gold you own that's stored in a banks safety deposit boxes if said bank goes under ?

[goldrush] 28/7/2020 23:51

Mattjos

In case you have not seen this....

From a Company I follow closely.... PXC and use of Non Cyanide Reagents and it speeding up permitting by 1 year in Idaho....Well understood and used worldwide.....

Excerpts From an RNS-

Phoenix Copper Limited / Ticker: PXC / Sector: Mining

29 June 2020

Phoenix Copper Limited

("Phoenix" or the "Company")

Empire Mine gold recoveries exceed 97% using environmentally friendly reagent

Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals company, is pleased to announce the results of the initial metallurgical test work for the recovery of precious metals occurring in the Empire Mine deposit. The detailed metallurgical report can be found at www.phoenixcopperlimited.com/research.

Highlights

-- Precious metals tests performed on samples from the Empire open pit deposit using non-toxic ammonium thiosulfate ("ATS") reagent resulted in high gold recoveries of 97.8% and 97.7%, and silver recoveries of 69.8% and 78.2%, respectively

-- ATS reagent consumption comparable to sodium cyanide in back-to-back bench scale tests
-- This development presents the opportunity to bring forward precious metals production as there would no longer be the requirement to permit a cyanide operation

-- Pilot scale test plant now being prepared at the laboratory in Salt Lake City before commencing small scale pilot testing at Empire

Ryan McDermott, Chief Executive Officer, commented: "As part of the ongoing work programme at the Empire Mine open pit, a 400-pound metallurgical sample with a head-grade of 12.8 g/ton gold was collected from surficial outcrops near a known channel sample location that assayed 36 g/ton gold, and submitted for precious metal recovery testing at AuRIC Laboratories in Salt Lake City, Utah ("AuRIC"). AuRIC was instructed to test non-cyanide leaching reagents to determine how precious metal recoveries would compare to sodium cyanide.

I am pleased to announce that the initial test results show that the non-cyanide reagent ammonium thiosulfate performed equally as well as sodium cyanide in both precious metal recovery and reagent consumption. Multiple lab and bench-scale tests were performed on -80 mesh samples, with the larger volume bench scale tests recovering more than 97% gold and more than 67% silver after 4 hours of leaching, with ATS consumption of approximately 4%.

In May this year, we published an updated resource for the Empire Mine, which included a 56% increase in gold ounces and a 13% increase in silver ounces from the previous May 2019 resource estimate. We had anticipated that the precious metal ounces associated with the Empire oxide-copper would be processed using cyanide leach at sometime after the primary copper leaching due mostly to the time frame necessary for permitting a sodium cyanide operation. That may very well have changed with the receipt of these latest metallurgical results.

The use of ATS, which is much less industrially utilized in the US, but is praised for its non-toxic, environmental friendly, and low cost when compared to sodium cyanide, would allow us to time the processing of the Empire precious metals in parallel with the base metals given that we do not need to enter into a lengthy permitting process for the cyanide operation. This would present a clear advantage in a market with rising gold and silver prices, and bring forward the timing of precious metal production which will make the project far more robust economically. The testing and use of sodium cyanide alternatives is consistent with our ESG philosophies and we will continue to work toward the most environmentally responsible practices possible.

The next step for the Phoenix team will be the preparation of a pilot scale test plant sited in the AuRIC Laboratory in Salt Lake City and scaled to run multiple tonnage leach samples from various locations around the Empire open pit deposit using the ATS reagent. The laboratory pilot testing will be followed by pilot scale testing on the project site over the coming months.

[mattjos] 28/7/2020 23:25

very interesting how Scotgold have gone about successful grant of their mining licence in a very sensitive part of Scotland (National Park).
No cyanide use on site.
Gravity separation & then flotation.
Dry stack tailings for later landscaping
Operating costs forecast to be sub-$700/oz
The yare due to pay rent on the site & 4% toll on realisable Revs.

Worth bearing in mind as possible blueprint for Clontibret, imo.

I am quite sure that John Monhemius will be a font of knowledge on non-cyanide treatment of gold ores.

Much looking forward to the drill data from Ireland, when it starts to come in.

[mattjos] 28/7/2020 21:58

LAWRIE WILLIAMS: Swiss gold imports and exports guide to the new reality

[cinoib] 28/7/2020 21:35

$1960 and still rising, tomorrow could be very interesting.