Georgian Mining Share Discussion Threads

[pugugly] 02/2/2018 18:12

Need a new JORC and more importantly a feasability study - (imo) before real traction as some of the drill results suggest lenticular deposits which can result in a lot of non commercial mineralised rock (in other words waste) having to be extracted to recover the commercial grades. Any mining techie able to comment especially given the depths of some of the intercepts,

[rampair] 02/2/2018 17:46

Which will reverse when details emerge!
It’s not a crypto...;)

[seagreen] 02/2/2018 13:12

Appologies off topic ...hope you are well Noirua

[seagreen] 02/2/2018 13:10

N some of the key or founding trading members set up a private thread as the quantity and quality of the ADVFN posts deterioated they kindly invited me to join as the loan small cap ranger......we have gone underground....where the market makers cant spoli trades etc and idiots like dudhydee are not welcome etc

[rampair] 02/2/2018 07:41

Complex though these negotiations have to be, an update wouldn’t go amiss.

It’s annoying having a 50/50 split, but that’s the way it is. Our partner is in the driving seat because they have the processing facility, we just have to go with the flow!

[iloveit] 02/2/2018 07:19

It's needs to productive now ...still nothing from the ceo who has just kept a low profile since all the hype of mass production coming.

[rampair] 02/2/2018 01:18

They would be front page on Mining Journal! I think old Soviet drilling is what it is.
Very happy if this were to be the case. You can get rock chip samples that are very high - simply because they chip the shiny bits!

R.

[teemore] 02/2/2018 00:16

You say 28% cu and 35%Zn- those figures appear exceptionally high!!!- At what thickness are these percentage figures?

[noirua] 01/2/2018 16:53

The most important factors, obvious of course, is what the profit is likely to be once everything is up and running. Once these are certain then it's move on to David Garedji very quickly - this area looks one of the best I've ever seen.

DAVID GAREDJI
Georgian Mining Corporation has entered into a non-binding Heads of Terms to develop the David Garedji Copper-Gold Project alongside Caucasian Mining Group (‘CMG’), its partner in Georgia.
Due diligence is being undertaken in the form of exploration activities ahead of finalisation of the Agreement.

The David Garedji Copper-Gold Project is an advanced prospect which includes 5.8 km of underground development and over 25,000 metres of diamond drilling.

Work undertaken in the Soviet era has identified an initial resource (Soviet style) and 30 ore-bearing zones with peak mineralised widths of 23m and grades up to 55g/t Au, 253g/t Ag, 21% Cu, 28% Pb and 35% Zn.

Nine of these zones are classified as high grade gold zones with grades typically ranging from 3.3 to 14.4g/t Au.


-----

Below are the most important RNS's and it is certain that one agreement is in place with GEO's 50% partner and the second should be agreed very shortly.


29/12/2018 - Georgian Mining Corporation announces that it is in the final stages of negotiation with Caucasian Mining Group, its 50% partner in Georgian Copper & Gold JSC ('GCG'), in relation to the 2018 exploration and development programme within the 860 sq km licence on the Tethyan Belt in Georgia.

The negiotiations have been expanded over the past weeks to include a comprehensive business plan, work programmes, the strengthening of the board of GCG as well as the framework agreement to develop and exploit the gold oxide production target at Kvemo Bolnisi East.

It is expected that the final agreements will be completed in early 2018 and a detailed announcement will follow.

25/07/2017 - -- Drilling is now underway at Gold Zone 1 ('GZ1') to test the base of the previously identified gold oxide mineralisation, the extent of copper mineralisation continuing at depth as well as the area between GZ1 and Copper Zone

1 ('CZ1') - --
Drilling of high grade copper mineralisation at GZ2 with second drill rig to commence during August 2017. --

Initial JORC Copper ('Cu') resource (as announced on 25 April 2017) currently being upgraded for Cu mineralisation intersected below the base of gold oxides at GZ2 as part of the recently completed 64 hole drill programme -

a Study will then be prepared on the initial mineable Cu deposit in preparation for a second production and processing agreement with JV partner.

[noirua] 01/2/2018 16:21

Happy New Year to you as well seagreen. I'm not sure what happened to all the others on the old thread.

[greatfull dead] 29/1/2018 16:37

Good RNS if I have read it correctly.

GLA,
GD

[seagreen] 29/1/2018 15:08

Happy New Year Noirua and thanks Jerry Garcia

(Hope you like Baron-Von-Tollbooth-The-Chrome-Nun which includes Airplane and Greatful Dead stars)

[sclper] 29/1/2018 12:23

Yes, good time to buy as news is expected on several fronts. The directors have recently been in Georgia for talks with the local partner so I don't think an RNS is far away. The gold price has risen to a multi year high recently so it's a good time to start mining the gold at KB.

I also wonder if their might be some decent value in the Austrian assets now the gold price has strengthened considerably.

[noirua] 29/1/2018 12:15

Added some more shares this morning as markets in GEO remain quiet - my holding is way below what it was around 0.8p ( 8p ) and hopefully it's time to pick up stock. New board members have replaced those that are mining explorers. It looks as if the company is digging in for the long term.

[greatfull dead] 26/1/2018 09:34

seagreen,

Good points in your post.

ATB,
GD

[seagreen] 26/1/2018 00:40

some have been in for a few years....this is under the radar ..the minerals were previously mapped out by the russians under russian standards when the USSR was mapping out/focusing on Uranium but the GEO's were told to map out all deposits

they have been obliged to reprove up under Jorc resources to get xcity confidence

the underlying assets are there as long as they can get financing the sky is the limit

It will take time but Rome was not built in a day

Multibagger if you can stuff it in the bottom sock draw and not stress

[rampair] 25/1/2018 16:11

Yes,they need to agree deal and also processing rate plus toll charge and agreed
recovery rates on the ore. Many a processing deal falls foul of expectations
being different. I’d rather give the new Director the time to agree terms good for both parties. The alternative is a lot of capital spent on our own kit - assuming
we get permission....
Clearly this has needed a kick up the wotsits, hoping it’s getting better.

R

[greatfull dead] 25/1/2018 15:38

Data analysis to determine where to mine first.

ATB,
GD

[iloveit] 25/1/2018 15:36

Watch the shareprice rise are you sure ?Absolutely nothing happening so far that's been positive on any type of production.Greg has shown investors nothing on the mining part and shareprice has suffered from 25p+ hopes .Is this for real what is going on?

[rampair] 25/1/2018 08:42

Getting the co operation agreement in place is key Once that happens then we are
away, it’s just that talks have widened to cover more areas and this seems to be te
area that’s taking time. A bit like a marriage- agree in haste, repent at leisure!

R

[greatfull dead] 25/1/2018 08:13

David,

Very true. I am giving GEO time, its not yet got to the the spot to start drilling yet stage. That will come soon. Then watch the share price rise.

ATB,
GD

[davidspringbank] 24/1/2018 22:05

If you ask me, Geo are doing very well. They've got the right people in the right places. The rest will follow.

[iloveit] 24/1/2018 17:00

Copper going berserk and yet this company still dragging its feet .Can't understand how they can publish news of major discovery and yet not a single bean of production!Something really stalling this company can Ceo really rise geo to a world class mining site or has all findings results been really disappointing overhyped stats?Rns needed badly now .

[rampair] 24/1/2018 16:04

Always when I get physical the Miners/ Explorers do well & so on.
Grrr. It would help a lot if a processing deal etc could be worked out ASAP,been a long while, but I realise the new man has only just got his feet under the table - &
he needs to negotiate on more than one thing.

Soon soon

R.