Anglo Asian Mining Share Discussion Threads

[wanobi] 25/9/2020 09:14

agreed KS,, just looking for the opportunity to get some more cheap ones if it presents,,, couple more sells may get a fall going,,, Cheers Wan :-)

BPC chart look ready go go on another run after the new this morning :-)

BPC, the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region , is pleased to announce that it has received formal notification from Stena Drilling, consistent with the existing contract, nominating the Stena IceMAX as the intended drill rig for the upcoming Perseverance #1 drilling campaign. The notification has also indicated the start of the contracted window (which commences 15 December 2020) as the approximate time for the arrival of the drill ship in the field, with an associated anticipated well spud date some 3 - 4 days later, once the rig is on station.


free stock charts from uk.advfn.com

[king suarez] 25/9/2020 09:08

I think it is inconsequential news (JSE) Wan..

[mattjos] 25/9/2020 09:04

Reza has on several occasions told me that he is quite sure Gedabek will still be being mined many years after he is dead & buried.
Extending the Gedabek CA to encompass the new finds (already proven to be contiguous with mineralisation inside the CA & therefore a CA extension right is mandated in the PSA) + going u/g at Gedabek .. these are the really exciting items that will drive the shares upwards in value + Zafer is looking very interesting

[mad foetus] 25/9/2020 08:43

Spread killing it today though

[stevea171] 25/9/2020 07:58

CGNR/AAZ JV to be signed off soon. Hopefully in the next week ahead of AAZ presenting at Proactive Investors on 1/10. Proactive One2One Virtual Forum - Thursday 1st October 2020.

CGNR gold discoveries lie along a 65 km fault in the north of the Republic of Ireland and across the border into Northern Ireland.
Major targets incl:

Clontibret - 500,00 oz gold resource
Clay Lake
Glenish

𝐂𝐥𝐚𝐲 𝐋𝐚𝐤𝐞 𝐆𝐨𝐥𝐝 𝐓𝐚𝐫𝐠9838;𝐭
▪️200Ha >10ppb Au soils
▪️Derryhennet & Cargalisgorran prospects
▪️Drilling highlights include:
100m @ 0.6g/t Au & 6.6m @ 6.2g/t Au & 18.0m @ 0.5g/t Au



𝐆𝐥𝐞𝐧9842;𝐬Ү41; 𝐆𝐨𝐥𝐝 𝐓𝐚𝐫𝐠9838;𝐭
▪️An extensive gold geochemical anomaly larger than Clontibret
▪️Channel samples up to 1.0m @ 9.4 g/t Au in bedrock
▪️Target lies on major structure where Glenish fault intersects the Orlock Bridge Fault

[2sporrans] 25/9/2020 07:56

spot on dp.

JORCing is hard work; much moreso underground.
The drilling reach from access tunnel bays is a small fraction v what can
be made from the surface.
AAZ Surface drills are now frequently over 500m deep.

So, the intense, costly drilling required to achieve JORC standard will
only proceed at the limited pace/extent of the mine developments; that is stage by stage.
This does not preclude M&I resource enlargements in advance of them.
I wonder if 1,000m surface drills will be achievable going forward?
Great for exposing porphyry zone[s].

[wanobi] 25/9/2020 07:47

Good morning all, Good luck & Good health to you all today, cheers Wan :-)

Gold at 1868 - the decline seems to be stalling..
Silver at 23
Brent at 41.90

JSE - 25 September 2020 - Maari Acquisition Revised Long Stop Date

Hmm, might take some more if there is a big fall on this news today :-), GLA Holders, cheers Wan :-)

September 25, 2020-Singapore: Jadestone Energy Inc. (AIM:JSE) ("Jadestone", or the "Company"), an independent oil and gas production company focused on the Asia Pacific region, has agreed with OMV New Zealand Limited ("OMV") to amend the long stop date for the Company's acquisition of a 69% interest in the Maari Project, shallow water offshore New Zealand (the "Acquisition").

The parties have made substantial progress toward satisfying the Acquisition's closing conditions, including obtaining the majority of third party consents. As a precautionary measure in acknowledgement of the remaining closing condition, being final New Zealand Government regulatory approval, and amidst the New Zealand 2020 general election, the Company and OMV have agreed to revise the long stop date from November 15, 2020 to January 31, 2021. Both parties remain fully committed to the transaction and the Company continues to anticipate closing the Acquisition by the end of 2020.

Jadestone intends to establish New Zealand as an extension to its Australia core area, and sees the Maari Project as a natural fit with its strategy to acquire and reinvest into mid-life producing assets.

[2sporrans] 25/9/2020 07:45

mf - 20k for the Q3 gold [including that in the C.C.] is my guesstimate too.
Bill said July was > 6k and August > July did he not?
And the improvement was ongoing through September....

By the end of Q2, the workforce must have been thoroughly knackered having laboured
continuously with no rotations.
Seems operations - and time off/away - are pretty much back to normal now and both energies and morale restored.

[donald pond] 25/9/2020 07:44

TBH the JORC could be absolutely great or a bit of a nothing, but it won't change what is in the soil. By which I mean the company has never wanted big resources on paper but simply enough to be going on with. Same with LOM, we are just going into the dip down, chances are there is enough there to be lasting us for years and years and as we go down we find more and more. Will that be reflected in the JORC? Maybe, maybe not.

[2sporrans] 25/9/2020 07:38

pt

Implicitly, you've not listened to the latest from Bill Morgan:

[...]



Also, you really ought to read the latest presentation on the AAZ website
which i doubt you have, given your take on the situation.

Note that the JORC is actually already complete, as such.
The hold is for Datamine to come up with a LOM estimate[s] that will
be companion to the JORC reserve/resource information.
fwliw my expectation is for an RNS with JORC+LOM on Thurs 8th October, which just happens to be the XD day for the 4.5c interim divi.

Anyway, much is being held by the JORC-LOM release, not least negotiations
with the Azerzi Gov't to extend the Gedabek and Gosha boundaries such that not only will they be combined but a much more extensive prospect area be granted.
That is a major development; much more important than the sorely awaited JORC-LOM RNS.

[donald pond] 25/9/2020 07:23

I've been chatting on a twitter group about AAZ and it occurs to me that the price action here is quite simple. The rise from 5p to 170p created a lot of big winners, and also a chart that looked over-extended. So new investors probably didn't want to chase it up and there was plenty of profit to take. While the last year has been frustrating, it looks with hindsight like a big base build that will, with the right news, propel AAZ back to all time highs. Certainly is share price gets to 180-200, nobody is going to look at the chart and think it looks toppy.So, the potential is there. We've been told to expect lots of news: Q3 results should be 20k, give or take, we'll be into the underground ore body next week, we're closer to confirming porphyry, Reza may get contract extensions, Conroy etc. Just need good communication and good forward looking comments.

[qazwsxedc69] 25/9/2020 07:05

Yes - they couldn't have clearer on the costs. And they expect them to fall as production increases in H2.

[donald pond] 25/9/2020 07:01

Ted, they explained the rise in costs: most costs are fixed, production was down as Ugur was mined out and covid constrained production so costs per Oz went up. And the JORC will be within the next 2 weeks, as Bill explained on the call.

[cannonfodd3r] 25/9/2020 06:33

From this map, 15 porphyry and 13 gold/lead/zinc mineralisation targets have been identified

Not just the one then!

[podgyted] 25/9/2020 01:33

I feel the love for this share - always a bad sign.

JORC better be good - the interims were poor compared to what they should have been - was expecting 20% more at the operating profit level - huge rise in costs which I don't think they explained.

Time will tell - 4 working days until JORC - or will we be let down again - I guess shortly does not necessarily mean before the end of September which was promised. But AAZ is a poor promiser.

[bleepy] 24/9/2020 23:08

Considering Covid impact early into H1/20 the geological exploration and activity is both impressive and exciting...well worth a reread.

Geological exploration activity
The Group continued its three-year geological exploration programme in H1 2020 as follows:

• Main drilling activity was at Gedabek in the Avshancli mineral district and the Gilar gold-bearing quartz vein system
o 13 surface core drill holes and 25 reverse circulation drill holes with a total length of 1,473 metres were completed at the Avshancli mineral district
o An initial drill programme was started at Gilar with seven surface core drill holes completed with a total length of 2,162 metres

• Substantial drilling was completed at the Gadir underground mine and in tunneling beneath the Gedabek open pit
o 92 core drill holes totaling 4,298 metres were completed in the underground Gadir mine

• Core drilling continued at Ugur Deep, targeting the recently discovered high grade copper and silver mineralisation
o Six core drill holes were completed and the programme is continuing into H2 2020

• A new mineralised area was identified between the Gedabek open pit and the Ugur open pit, which was named Zafer
o Four core drill holes totaling 2,592 metres were drilled over the Zafer area during H1 2020
o One drill hole intersected 194 meters of continuous sulphide mineralisation showing various intersections of gold and copper mineralisation

• Drilling continued close to the Gosha underground mine targeting areas of extension to "Zone 5" and the area between "Zone 5" and "Zone 13"
o 2,980 metres of core drilling completed confirming the extension of mineralisation with significant gold grades of up to 15 grammes per tonne

• Due to access restrictions as a result of COVID-19, no drilling was carried out in H1 2020 at Ordubad. However, other geological work continued:
o Reconciliation and interpretation of the WorldView-3 satellite data against geological field observations continued
o To follow up the identification of gold-quartz veining around the Aylis, Uchurdag and Unus targets, the trenching programme continued
o 86 trenches were completed
o 822 trench samples collected from Aylis, Uchurdag and Unus targets

Gedabek Contract Area
Avshancli district
Avshancli is a recently discovered significant mineral district which is 10.5 kilometres north-east of the Gedabek open pit. Avshancli is a gold-copper occurrence comprising three defined areas, Avshancli 1, 2 and 3. In Q4 2019, a significant amount of exploration work took place, comprising the collection of 128 outcrop samples, the completion of 1,732 metres of trenching and the commencement of a surface diamond drilling programme. Drilling continued throughout H1 2020 and 38 core and reverse circulation drill holes were completed at Avshancli during H1 2020. The assay results were quite variable, but high-grade intersections of up to eight grammes gold per tonne were encountered. Drilling activity at Avshancli is being intensified in H2 2020.

Gilar
Gilar is a new mineral occurrence located approximately two kilometres south of Avshancli 1. The initial drilling programme at Gilar comprised seven core drill holes. Assay results were again quite variable, but high-grade intersections of up to 14 grammes gold per tonne were encountered.

Gedabek open pit and Duzyurd
Exploration in and around the operating Gedabek open pit was limited by production priorities in H1 2020. Only two core drill holes and three reverse circulation drill holes were completed, both types designed to explore the geology at depth and test for sub-pit and adjacent mineralisation. The results from Gedabek yielded gold intersections, while the Duzyurd drill hole was not successful in intersecting mineralisation, but it did identify alteration zones.

Gadir underground mine
A considerable amount of exploration activity was completed at Gadir during H1 2020, comprising underground drilling and mapping. Interpretation is now complete for the ground-based induced polarisation geophysical survey. This work has resulted in defining mineralisation that extends the current Gadir ore body footprint both laterally and down-dip. Additionally, the drilling continues to help constrain ore body modelling around production stoping fronts, so that tonnages and grade can be more accurately predicted. These positive results demonstrate the expansion potential of the underground mine at Gadir.

Ugur open pit
The Ugur deposit is nearly mined out with some 200,000 tonnes of resources at 0.9 grammes per tonne gold remaining, which is scheduled for removal during H2 2020. Planning for the mine closure following exhaustion is on-going.

Ugur Deep
Six surface core drill holes were completed to the south-east of the Ugur open pit during H1 2020 targeting deeper extents of high-grade copper and silver mineralisation. Intersections assaying more than two percent copper were encountered at depths of around 300 metres. Drilling will continue in H2 2020.

Gosha Contract Area
In H1 2020, a total of 2,980 metres of core was drilled. This was drilled at "Zone 5" and between "Zone 5" and "Zone 13", which is approximately 500 metres from "Zone 5". The aim of this drill programme continues to be to test the Gosha vein system at depth, below the current "Zone 5" and further assess the new zones. Significant gold grades of up to 15 grammes gold per tonne were encountered.

A new geological map of the Gosha contract area has been compiled from all previous data. This was the first stage of a desktop study to consolidate historical and new geological data and to better understand the regional geology. From this map, 15 porphyry and 13 gold/lead/zinc mineralisation targets have been identified

Ordubad Contract Area
Due to COVID-19 restrictions, drill access at Ordubad was prevented and therefore no drilling could be carried out in H1 2020. Trench work was carried out during H1 2020 on the recently discovered gold vein systems. Geological modelling and mineral targeting are on-going to test for the presence of mineralising systems associated with strong alteration zones and lithocaps, with the aim of prioritising locations for resource drilling planned for the second half of the year.

[mattjos] 24/9/2020 22:21

Reza is back in-country and on the case ... Azerbaijan operating close to normal just now so, a window of opportunity.A window for the govt. to see the compelling logic for AAZ to expand and grow and increase local jobs and contribution to the state during a time when many other businesses are in trouble.It's a win-win .. we're in pole position, keen for the win and cash on hand to get on with it. Let's hope the opportunity is grabbed with equal haste, enthusiasm and vigour.

[mattjos] 24/9/2020 22:16

A little too early to tell, imo Brasso ... i think we need to see the back of September before we can be sure

[brasso3] 24/9/2020 21:47

Matt

Is that an A, B, C EW correction complete in gold? (I know nothing about EW theory).

[donald pond] 24/9/2020 21:32

Just got around to listening to that proactive interview. All very positive stuff...Q3 production increasing month by month so likely to be near 20k oz, first signs of a porphyry deposit (wish Katie had followed up there but don't think she understood the significance), Reza talking extensions and with the cash we are producing for the country he's got a good chance.
All really great stuff. I am critical sometimes but not on this occasion.

[riggerbeautz] 24/9/2020 17:57

Agree Wan, never my aim, just luck if you do.

[goodgrief] 24/9/2020 16:30

Thought Trump's "love letters" (his words) had ironed that little wrinke?

[wanobi] 24/9/2020 16:30

based upon the very real phenomenon that it's very difficult to sell a top and buy a bottom,,, probably a good move Rb, we shall see, fingers crossed, cheers Wan :-)

[mattjos] 24/9/2020 16:01

that is still my interpretation of the Gold chart kingyon.
I don't know when the next rise will get underway but, the number of possible catalysts are now too numerous to count with fingers on both hands, afaiac.
Doesn't look like JPM will be taking down the gold price any time soon, not after just receiving a $1Bn fine for goosing the PM market.

I expect it will be USA election related that finally breaks the camel's back .. or, the fat controllers latest missile