Ecr Minerals Share Discussion Threads

[excellance] 20/4/2021 15:06

"Drilling of BH3DD006 is currently in progress to test a hypothesised anticline that may exist in the vicinity of the Dan Genders-Scoulers line of workings. Historic shallow gold workings may be small reefs linking and coalescing to a much larger fault related anticline system at depth."

[onedayrodders] 20/4/2021 14:49

CB really needs to do an interview again... not that he's very good at it but we need to hear from him.

[bspgamer] 20/4/2021 14:45

Empire Metals Limited Final ResultsSource: UK Regulatory (RNS & others)TIDMEEERNS Number : 8008VEmpire Metals Limited19 April 2021Empire Metals Limited / AIM: EEE / Sector: Natural Resources19 April 2021Empire Metals Limited ('Empire' or the 'Company')Final ResultsEmpire Metals Limited, the AIM-quoted exploration and resource development company, announces its final results for the year ended 31 December 2020.The annual report and accounts for the year ended 31 December 2020 will be posted to shareholders today and will be available for download on the Company's website, www.empiremetals.co.uk , later today.Chairman's Statement2020 was a significant year in so many ways, but for Empire Metals it was a year of significant forward momentum and marked the emergence of a new and reenergised strategy, a new flagship asset and a new jurisdiction of focus. These fresh dimensions to our company have clearly resonated with investors and from both an operational and corporate perspective, I am delighted with the progress that we made during the year.The decisions made over the past 14 months have resulted in Empire now holding a 75% interest in a highly prospective gold asset which is poised for rapid advancement up the exploration and development curve. With the Eclipse Gold Project, I am confident that we are in the right place, at the right time and in the right commodity.As investors may be aware, we are bearing witness to a modern-day gold rush in Western Australia. Exploration activity in the region hit a five-year high in 2020 despite initial fears earlier that it would be severely impacted due to the COVID-19 pandemic. Mines Minister Bill Johnson reported in H2 2020 that gold projects accounted for 70% of applications, prompted in part by the strong gold price performance during 2020 and forecasts for further gains in 2021 and beyond.There have certainly been some notable winners in the gold exploration and development industry in the region, with junior miners and majors alike jostling for prime positions in Western Australia, which is set to become one of the largest gold producing regions globally. The combination of security of tenure, exceptionally mineralised terrane and increasing metals prices has triggered a review of both greenfield and brownfield projects alike. Additionally, working in Western Australia has been far less affected by Covid-19 restrictions than most regions of the world, and coupled with its world-class gold potential and its top 5 ranking over past 5 years in the Fraser Institute survey of best mining investment jurisdictions, Western Australia is clearly a great address for value creative mineral exploration and mine development.Thanks to our acquisition of the Eclipse Gold Project, we believe Empire is ideally placed to be among the winners in the region. Located 55km north-east of Kalgoorlie, in a prime gold district of Western Australia, the Eclipse Gold Project produced 954 tonnes @ 24.6 g/t Au for 754.25 oz Au from the Eclipse shaft which operated up to 1910. In addition to the known mineralisation at and surrounding the Eclipse old workings, recent geophysics and geochemistry work has highlighted further potential mineralisation at two additional targets north-west of Eclipse, the Houdini and Easy prospects. The licence has been held by one private individual for the past 30 years, during which time only cursory modern exploration had been applied to a very small part of the entire 300ha licence area, highlighting the significant opportunity to prove up known gold occurrences and make new gold discoveries.Having announced the acquisition of a controlling interest in the Eclipse option in August 2020, Empire quickly set to work applying modern exploration programmes to this large, high-grade and previously producing mining licence. To date, the Company has conducted two phases of drilling at Eclipse and consistently encouraging results have been returned. A total of 2,578 metres of RC drilling was completed at the Eclipse and Houdini prospects in October and November 2020, with a second round of drilling commencing in January 2021. Highlights from this programme included 14m at 3.78 g/t gold ('Au') from 22m, including 1m @ 21.4 g/t Au, and 1m @ 16.65 g/t Au. This hole includes three different clusters of quartz veining mainly associated with the higher grades, confirming there is more than one mineralised structure.A total of 4,589m of RC drilling was completed in this second phase, which was concluded in February 2021. Importantly, this programme confirmed the existence of a number of parallel veins in addition to the main Eclipse vein, including a different stockwork style of near-surface mineralisation in the vicinity of the Jack's Dream old workings, and including one intercept of 24m @ 1.44 g/t Au from 46m downhole (containing 2m @ 2.86 g/t Au; and 3m @ 5.08 g/t Au). The interpretation of these results is underway, and a further work programme will be announced shortly which is likely to include preparation of a JORC compliant resource and initial pit optimisation studies.

[soulsauce] 20/4/2021 14:37

4586 great post pete.

[pete_edwards] 20/4/2021 14:31

Not surprised to see JuJu enjoying himslef lol. Juju are you rochthefella on Twitter by any chance?

[pete_edwards] 20/4/2021 14:24

Very disappointing day compounded by weeks of silence and the inevitable drip.

I have no doubt that things are brewing and the long term prospects are still very positive with ample cash reserves, so I topped up.

Now the results are out of the way It's really time for CB to start delivering as the last few months have been a bit of a PR disaster as far as shareholder's are concerned.

Any positive development on the following will flip sentiment -
JV
lab
new drill sight
new drill on order
license applications
Chinese partners
what the £2m was for
etc etc

Time to walk the walk.

[yasyas1] 20/4/2021 14:22

Just what i m thinking

[yasyas1] 20/4/2021 14:21

So my chance of seeing my 4p gone now! Such a bad reaction to rns!

[juju44] 20/4/2021 14:19

Is it time to take whats left and run

[yasyas1] 20/4/2021 14:18

Me too nightmare!

[cashandcard] 20/4/2021 13:54

Very dissatisfied with performance of late. Someone wake the sleepy one up!Cash

[bigboss13] 20/4/2021 13:32

Is it genuine or a scam, are the funds used for second digger?

[once bitten1] 20/4/2021 13:31

What an utter tool you are

[excellance] 20/4/2021 13:26

yes, thanks soul, perfect timing from me.

I think the reference to 21p/t from loose material during drill change is significant. It seems to suggest a nuggety style of mineralisation, which may or may not be investigated further. It is only a narrow zone so probably insignificant to pursue.

The assays do provide information for them to build a picture that seems to suggest that there may be a better location nearby, but will they pursue that?

Again, the raising of two million quid to "accelerate and expand" exploration last week seems to suggest that they will pursue this, and they are excited enough and confident enough to raise cash on the back of it.

Or is it a scam?

[juju44] 20/4/2021 12:09

Rod , its "a liar standing over a hole "

[induna123] 20/4/2021 11:57

I can't see it. Support looks around 1.75p

[davetedjack] 20/4/2021 11:48

Would like to see it finish above 2p.Psychologically important I think

[oildon11] 20/4/2021 11:43

Crazy price! 6m in the bank no debt a gold discovery on one licence and in advanced jv talks over another licence... no brainer

[onedayrodders] 20/4/2021 11:22

Was having a good day overall elsewhere ... I think the market is saying the results are nothing more than you would expect scratching around the same areaSo to coin my phrase .. after today we have not effectively moved on from being "just a man standing next to big hole"

[vish65] 20/4/2021 10:58

Indeed this company is financed by P.Johnson and crew.

Many of them will have already sold their placed shares and be looking to buy back now.

[juju44] 20/4/2021 10:48

They will do all right .Sold high on the wink wink to get cash to buy in placing at lower price . Always games for the boys

[onedayrodders] 20/4/2021 10:41

New placing investors will be a bit miffed too

[dixi] 20/4/2021 10:36

Expectations raised too high by over enthusiastic director promotion (then there are companies that get berated for not doing just this). Doesn't mean ECR is a busted flush by any means. Just needs to be more grounded in it's approach maybe? Which I guess it is now, going by the recent radio silence.

[soulsauce] 20/4/2021 10:05

ODR well said.

[onedayrodders] 20/4/2021 10:04

I think some just assumed you instantly find a gold mine and start selling big shiny bars straight from the ground.Rome wasn't built ......But Separately I agree CB has lost some credibility... yes plans change but he hasn't had the decency to arrange another video interview since the left field placing ... before that you couldn't get him off the stage