Georgian Mining Share Discussion Threads

[bspgamer] 04/6/2018 07:10

Mining Corporation Kvemo Bolnisi Gold Zone 2 & 3 UpdateSource: UK Regulatory (RNS & others)TIDMGEORNS Number : 0545QGeorgian Mining Corporation04 June 2018Georgian Mining Corporation / EPIC: GEO / Sector: Natural ResourcesGeorgian Mining Corporation ('GEO' or the 'Company')Drilling Update from Kvemo Bolnisi Gold Zone 2, and Increased Potential at Gold Zone 3Georgian Mining Corporation ('GEO' or the 'Company'), the gold-copper exploration and development company, announces an update to mineralisation adjacent to the Gold Zone 2 ('GZ2') resource, and extending the previously announced Gold Zone 3 ('GZ3') discovery at Kvemo Bolnisi East ('KBE'), together with an update to the interpretation of the Kvemo Bolnisi West ('KBW') mineralised zone, in the Republic of Georgia. Kvemo Bolnisi ('KB') is located in an established epithermal gold-copper region along the prolific Tethyan metallogenic belt. To view the press release with the illustrative maps and diagrams please use the following link: Highlights-- Drilling at KBE has focused on exploring the periphery of the GZ2 Mineral Resource and stepping out 80m west from the discovered mineralisation at GZ3, 150m west of and adjacent to GZ2.-- The results of these step-out holes at GZ3 that intersected high-grade polymetallic gold mineralisation include TGD106: 36.0m @1.28 g/t Au from 188m, ending in 1.23 g/t. Updated interpretations indicate significant mineralisation is open at depth.-- Further near-surface gold oxide mineralisation was intersected on the periphery of GZ2, significantly extending the interpolated mineralisation, including: TGD100: 12.0 m @ 0.99 g/t Au from surface.-- The GZ3 discovery may represent yet another epithermal centre in the KB camp with a discrete feeder breccia pipe at depth. The next phase of drilling will investigate the relationship between the GZ3 mineralisation and the established resources at the GZ2 system at KBE.-- KBW is located 600m west of GZ3 and represents a silver-rich epithermal system surrounding another separate breccia pipe, with a peak surface sampling assay of 888 g/t Ag. Historical drilling intersected polymetallic gold mineralisation at the same depths as GZ3, but this is yet to be fully drill tested by GEO.Mike Struthers, Chief Executive Officer, said, "Drill results continue to expand the footprint and validate the new geological model we have put in place for Kvemo Bolnisi, specifically the presence of a large scale epithermal gold-copper mineralisation system with multiple mineralising centres. Mineralisation remains open in various directions, and it will be very interesting to see how the scale of this system expands with further drilling, including the potential link across to Kvemo Bolnisi West."FURTHER INFORMATIONGold Zone 3 DrillingGZ3 was discovered in Q3 2017 and represents a zone of polymetallic gold mineralisation adjacent to GZ2, below 50m of unconsolidated alluvial sediments. Following the initial drilling, two deep step-out holes were completed 80m south and west from the known mineralisation. Both holes successfully intercepted significant gold mineralisation leaving the system open to the south, east and west. The identification of this additional epithermal system provides scope for further growth of the Kvemo Bolnisi resource.Peak grades from GZ3 include individual drill samples from hole TGD093 of 35.00 g/t Au (1.2 m sample), 12.95 g/t Au (1.0 m sample) and 11.55 g/t Au (1.0 m sample) which confirm the presence of a high-grade epithermal gold system adjacent to the current Kvemo Bolnisi deposit footprint.Table 1 presents selected drill hole results from GZ3, whilst Table 3 below details all of the GZ3 drilling results to date. Drill hole TGD106 intersected 36.0m @ 1.28 g/t Au, ending in 1.23 g/t Au (1.0 m sample). Interpretations indicate significant mineralisation is open at depth. Table 1 Selected drill results from Gold Zone 3 Hole From To Interval Cu Grade Au Grade ID (m) (m) (m) (% Cu) (g/t Au) -------- ------ ------ --------- --------- --------- TGD093 44 45 1 12.95 67 68.2 1.2 35.0 117.2 192.5 75.3 0.46 205 261 56 1.03 Inc 235 236 1 11.55 -------- ------ ------ --------- --------- --------- TGD105 98.0 122.0 24.0 - 0.51 Inc 98.0 103.0 5.0 0.11 1.79 210.8 218.0 7.2 - 0.35 248.0 256.3 8.3 - 0.15 292.0 300.0 8.0 0.13 0.31 -------- ------ ------ --------- --------- --------- TGD106 128.0 130.6 2.6 - 0.14 175.0 177.2 2.2 - 0.20 188.0 224.0 36.0 - 1.28 Inc 219.0 220.0 1.0 - 9.37 Inc 223.0 224.0 1.0 - 1.23 -------- ------ ------ --------- --------- --------- TGD107 no significant intercepts -------- ----------------------------------------------- TGD108 158.0 202.0 44.0 - 0.26 -------- ------ ------ --------- --------- --------- This gold mineralisation represents primary gold associated with sulphides (pyrite, sphalerite and galena), which differs from the gold oxide mineralisation reported in Gold Zones 1 & 2 at Kvemo-Bolnisi. The mineralisation style fits into the carbonate base metal, low-sulphidation epithermal model (Dr. Greg Corbett, 2017, "Epithermal gold-silver and porphyry copper-gold exploration - Short course manual." www.corbettgeology.com) where primary hypogene gold grades are an order of magnitude higher than those observed in the underlying sulphides at Kvemo Bolnisi. To date the oxide-enriched equivalent of this mineralisation has not been intersected in drilling and represents a clear target for the Company.Figure 1 is a plan view showing the locations of GZ2 and GZ3, together with interpreted structures and the GZ3 drilling. Figure 2 is a north-south vertical section through GZ3 showing some of the latest drilling results and the current interpretation. Mineralisation is open to the south, east and west and potentially connected to the KB West mineralised system 700m away through a large structural feature, possibly part of a caldera. Figure 1 Map showing potential structure connecting GZ2 and GZ3 Figure 2 Gold Zone 3 Vertical North-South Section The gold mineralisation is beneath approximately 50m of alluvial cover which masked any geophysical or geochemical response. Further drill programmes will be implemented to follow up on the positive results and test the extension of the system in an aim to connect the mineralisation to the established resources at KB.Gold Zone 2 DrillingFive further inclined holes were drilled to test vectors on mineralisation within GZ2 and to extend the mineralisation northwards, together with some drilling for metallurgical testwork (Table 2). Positive results from the peripheral holes will be used in planning the next phases of drilling to increase the size of the known mineralisation at GZ2. Table 2 Selected drill results in the gold oxide zone of GZ2 and periphery Hole From To Interval Grade Grade ID -------- (m) (m) (m) (% Cu) (g/t Au) -------- ----- ----- --------- ------- ------ TGD097 Metallurgical Test Work -------- ---------------------------------------- TGD098 Metallurgical Test Work -------- ---------------------------------------- TGD099 Metallurgical Test Work -------- ---------------------------------------- TGD100 0.0 12.0 12.0 0.27 0.99 16.0 18.0 2.0 - 0.23 33.0 48.0 15.0 0.15 0.10 -------- ----- ----- --------- ------- ------ TGD101 No Significant Intercepts -------- ---------------------------------------- TGD102 34.0 42.0 8.0 0.12 0.10 -------- ----- ----- --------- ------- ------ TGD103 66.0 72.0 6.0 - 0.35 -------- ----- ----- --------- ------- ------ TGD104 21.1 34.0 12.9 - 0.24 47.5 52.0 4.5 - 0.14 59.0 70.0 11.0 - 0.20 -------- ----- ----- --------- ------- ------ Gold Zone 3 Drill ResultsTable 3 details the results of all GZ3 drilling by GEO to date. Table 3 Complete drill results for GZ3 Grade Hole From To Interval Grade (g/t ID (m) (m) (m) (% Cu) Au) -------- ------- ------- --------- -------- ------- TGD087 153.8 184.0 30.20 - 0.42 -------- ------- ------- --------- -------- ------- TGD092 43.0 49.0 6 - 2.26 -------- ------- ------- --------- -------- ------- TGD093 44 45 1.0 12.95 59.9 69.0 9.1 - 4.76 Inc 67.0 68.2 1.2 - 35.0 117.2 192.0 75.3 - 0.46 Inc 163.0 177.0 14.0 - 0.33 186.0 192.5 6.5 - 1.26 205.0 261.0 56.0 - 1.03 Inc 233.0 238.0 5.0 - 4.44 235 236 1.0 11.55 -------- ------- ------- --------- -------- ------- TGD105 98.0 122.0 24.0 - 0.51 Inc 98.0 103.0 5.0 - 1.79 210.8 218.0 7.2 - 0.35 248.0 256.3 8.3 - 0.15 292.0 300.0 8.0 0.13 0.31 -------- ------- ------- --------- -------- ------- TGD106 128.0 130.6 2.6 - 0.14 175.0 177.2 2.2 - 0.20 188.0 224.0 36.0 - 1.28 Inc 219.0 220.0 1.0 - 9.37 Inc 223.0 224.0 1.0 - 1.23 -------- ------- ------- --------- -------- ------- TGD107 no significant intercepts -------- ---------------------------------------------- TGD108 158.0 202.0 44.0 - 0.26 -------- ------- ------- --------- -------- ------- Kvemo Bolnisi West (KBW)GEO surface mapping has identified another feeder breccia pipe at KBW and grab sampling surrounding the pipe has returned high grades up to 888 g/t Ag. Assays from historical drilling are not considered reliable (no core or pulps exist) but are used to guide future exploration (Table 4). However, drill testing of the structure by GEO has intersected significant silver-gold mineralisation (Table 5).The identification of the additional epithermal mineralisation centre will provide scope for growth of the Kvemo Bolnisi resources, with historical polymetallic gold mineralisation at KBW occurring at the same depth intersected at GZ3 by GEO. Table 4 Historic drill results in the polymetallic gold-silver zone of KBW Hole From To Interval Grade Grade ID ----------- (m) (m) (m) (g/t (g/t Ag) Au) ----------- ------ ------ --------- ------- ------ KBWDDH450 75.0 128.0 53.0 56.18 0.26 136.2 159.0 22.8 30.29 0.65 193.0 223.9 30.9 10.78 1.60 ----------- ------ ------ --------- ------- ------ KBWDDH635 107.0 130.0 23.0 97.02 0.90 206.6 357.3 150.7 14.85 0.43 ----------- ------ ------ --------- ------- ------ KBWDDH801 166.0 201.0 35.0 223.29 0.14 ----------- ------ ------ --------- ------- ------ KBWDDH929 297.0 392.0 95.0 79.24 0.23 ----------- ------ ------ --------- ------- ------ Table 5 GEO drill results in the polymetallic gold-silver zone of KBW Hole From To Interval Grade Grade ID -------- (m) (m) (m) (g/t (g/t Ag) Au) -------- ------ ------ --------- ------ ------ KWD001 92.0 100.0 8.0 2.74 0.65 152.0 159.0 7.0 1.76 0.63 -------- ------ ------ --------- ------ ------ KWD002 no significant intercepts -------- ----------------------------------------- KWD003 7.5 67.0 59.5 87.97 0.10 -------- ------ ------ --------- ------ ------

[bspgamer] 01/6/2018 16:58

NEX trades,the latest went through at 13pLatest TradesDate & Time Volume Price01/06/2018 15:38 13,031 1301/06/2018 14:13 63,391 12.6201/06/2018 14:12 40,387 12.3801/06/2018 08:04 12,019 12.3829/05/2018 13:07 19,421 12.22View latest trades

[iloveit] 01/6/2018 16:28

Today's rise really setting the tone here .25p+ would be nice !

[seanlander] 01/6/2018 15:41

I wonder if today's rise is the start of June's news run...

[bspgamer] 01/6/2018 14:49

Her fund has a 6% interest in GEO. It's her largest holding on the last report 5trelok ?

[iloveit] 31/5/2018 15:42

Just so boring here this is ridiculously keeping Investors in the dark.No positive news from the board again today.

[davidspringbank] 31/5/2018 15:20

5trelok, you need to go to Specsavers re heavy selling. I would leave magic mushrooms well alone if I was you.

[davidspringbank] 31/5/2018 15:17

Copper prices on the rise:

[seanlander] 31/5/2018 10:31

I think they started drilling in April and they reckoned on taking two months. Then they would have to get the cores analysed so I reckon news in June...

[snowyflake] 31/5/2018 09:37

gosh iloveit you do appear to blow hot and cold.

[iloveit] 31/5/2018 07:55

Copper in demand yet this Georgian Mining team still no idea if they have copper ready for production.Shareprice has suffered since highs of 26p+ .

[shavian] 31/5/2018 07:12

A comforting video on the various battery materials and copper from Katusa Research in the USA on the Investing News site:



His comments on Cu very relevant to GEO!

[iloveit] 30/5/2018 21:27

If it's patience that's needed the tucking in at this level is a steal .Who know maybe £1+ one day not to far away.

[seanlander] 30/5/2018 20:36

Nice one David. I'm not far behind you with my holding and have a good chunk invested from my ISA to reap the benefits of a long term hold too!No retirement yet but a good pension fund eventually.

[davidspringbank] 30/5/2018 18:27

Sean, I'm going to be here a lot longer than Christmas, mate, I'm in with the furniture. Geo has got a world-class discovery on its hands and this needs to be reflected in the price. Its got a long way to go. Drilling results and core analysis will help to facilitate that and we now have the team together to produce results. Patience is required so I'm going to stick around for a long time to come.

[5trelok] 30/5/2018 18:05

Yeah, I believe you

What would, or indeed could, Greg be doing in Georgia?

Unless there's been an uptick in demand for useless men

In which case, you should join him! lol

[germangrim] 30/5/2018 16:04

5trelock, thought you may of slipped in your own slime and done yourself a mischief.. unfortunately not it would apper.The winnebago arrived you'll be elated to learn, he met with Greg, cleg and struthers and toasted a few marshmallows on the bbq whilst chatting about the immense potential of geo.. carnt say too much more at min.. onwards and upwards..

[seanlander] 30/5/2018 14:49

Admittedly this is running behind where the management had planned but it's all looking good for the summer now. These things sometimes feel like they are never going to happen but I'm very confident in the geology of this area which has already been proven and we are merely awaiting a more in-depth analysis. Our BODs are solid too with a wealth of combined business and mining experience.

[5trelok] 30/5/2018 13:59

@iloveit

Yes, production is going to happen not ever - which is the same as never

[5trelok] 30/5/2018 13:33

Do we know if the Winnebago has arrived in Georgia yet?

LOL

[sclper] 30/5/2018 13:06

I'm expecting a drilling update shortly. The team have discovered a possible extension to the west of Kveno Bolnisi East and are awaiting drilling results to confirm this. I'm expecting the current work programme and the production decision/agreement to be finalised by September but it may be sooner than this.

[iloveit] 30/5/2018 12:29

Buys coming in but price still stub on at under 20p.Does anyone have any idea as to when production is going to happen ?Is there some way this news can be checked out?