Georgian Min. Share Discussion Threads

[noirua] 10/2/2016 10:48

Noricum Gold strikes it lucky in Georgia -
4 February 2016, 11:48

[dudishes] 10/2/2016 03:23

G'day chaps, I have asked management and received no responce - where and how much gold have you pulled out of Rotgulden? Appears Zilch (Minmet lasted longer)!

I guess you have lost a few cobbles at 4p (2010) and more @ 5.5p (dec 2011):

Sounds good, but if you can recover Minmet sites, you will see a man with a spade.

One loves optimism, but when you are ripping orf punters, I think the limit should be (and will shortly - AIM £5M), I think one should beat Noirua (who ramps this on private threads), get out like trout! Beat the ramping cheat, easy!

cheers

[noirua] 06/2/2016 12:13

Gold price in Georgian Lari


No gold produced yet and about 4 months before we do. However, the potential grows and grows as gold rises.

Still held down by the recent placing and more shares issued that were dumped on Wednesday and Thursday. Gold's increase should bring in more interest next week for NMG.

[yorgi] 06/2/2016 10:45

Quite so Fairlight, I was being conservative..............and then I could hardly be accused of over hyping the POG :-_)

[noirua] 05/2/2016 23:34

thanks lsesharetalk

Noricum Gold (NMG) announced positive drill results at its Kvemo Bolnisi Project in the Republic of Georgia which reiterate the potential for low-cost early-stage gold production in H2 2016.

[fairlight] 05/2/2016 20:35

Gold @$1167 now yorgi $1200 is possible next week if it keeps going up at the current rate - early days yet though - but good time to be in gold explorers/miners

[yorgi] 05/2/2016 15:39

I would also expect we will be looking at a far better POG by the second half of the year.......$1200......possibly $1300 !

[yorgi] 05/2/2016 15:34

They will be clearing if they have not already Noirua and then we should move on.

As Parsons commented earlier today we are now a near term producer and from the comprehensive Shard report a low cost one as well.

"Not enough to provide substantial shareholder returns as cash dividends, but certainly enough to see significant capital growth and protect against dilution."

Significant capital growth, I'm sure that is what we are all looking for :-)

[noirua] 05/2/2016 12:49

From Shard Market Eye on 30th January 2016

Typical heap leach recoveries for quartzite-hosted gold are of the order of 70-80%, with cash costs of the order of US$500/oz. Taking these broad-strokes estimates into account and using $1,000/oz. gold price, an attributable margin of between $100-200 per contained oz. of gold in ore seems a reasonable earnings estimate. So revenue from each of these starter pits might be $10-20m pre-tax over two years. Not enough to provide substantial shareholder returns as cash dividends, but certainly enough to see significant capital growth and protect against dilution.

[noirua] 05/2/2016 08:54

Hopefully most of the 63 million shares were unloaded in the past few days. May take a short while for interest to revive.

[parsons] 05/2/2016 07:29

I bought in yesterday for the first time. This does seem to be very undervalued considering they should be in production in the second half !! Coupled with what looks like the start of a run up for Gold (even if it is just part of a reversal in the dollar) small near term production companies should be in demand !! GLA

[yorgi] 04/2/2016 22:23

You're welcome Noirua. Greg is doing a good job at elaborating upon each RNS after its release through BRR media, I think it is a good addition to further explain the news.

Well done on updating the header which is now in line with our present focus as you rightly point out.

[noirua] 04/2/2016 21:17

Thanks for the brr media interview yorgi - added to header.
Header update with old data removed. Company now concentrating on Bolnisi, Republic of Georgia and then Walchen, Austria.

-- Drilling will continue over the coming weeks and will be followed by pit design and mine planning with first production targeted H2 2016

Kvemo Bolnisi is located less than 7km from the currently operating Madneuli mine and processing plant, owned by the Company's local partner. Circa 47,000 metres of diamond drilling was completed during the 1970s and 80s to test gold and polymetallic sulphide mineralisation mostly at depth between 30 and 150 metres. A further 13,032 metres of drilling was completed in the last few years principally to test secondary quartzite gold - copper mineralisation at or near surface.

The current drill programme consists of 19 holes varying in length to a maximum of 10 metres. The programme is focusing on the high grade outcropping secondary quartzite gold mineralisation that has been intersected in both historical drilling and trenching.

[dudishes] 04/2/2016 14:52

How many ounces of gold have they unearthed from Austria, Rotgulden? 2010, long time digging?

POG, remains a decent commodity, if you have some to sell?????

[yorgi] 04/2/2016 11:46

The latest interview with Greg Kuenzel 4th February

[yorgi] 04/2/2016 11:26

I agree they will Fairlight and better to be ahead of the game :-)

What is quite clear in my mind the present share price in now way reflects a fair valuation for our company if as planned we start producing gold in the second half of the year and further resources yet to be added into the equation quite likely.

[fairlight] 04/2/2016 10:11

Yes yorgi POG has increased by more than 6% since the new year - early days but it could be that start of a bull run on gold - everyone will be piling into gold explorers/producers if this continues

[yorgi] 04/2/2016 09:55

The POG is continuing to look encouraging as well and if continues is another factor in our favour. Have we at last seen the bottom in the POG and could we be looking at a much higher POG over the course of 2016.

[yorgi] 04/2/2016 09:52

Very true Littlemadam. As long as the drilling results produce good results and the BOD continue to move us forwards towards production later this year then the share price will react in time I have no doubt.

I'm very pleased with the progress and all for a very low market cap which in my view makes us very undervalued.

[juju44] 04/2/2016 09:45

Disappointing track record here and explorers are market dogs . Big question is " will they need more fund raising " and I think we all know the answer to that

[littlemadam] 04/2/2016 09:44

Yorgi, you could be correct. But sometimes news takes a day or two to register.

[yorgi] 04/2/2016 09:38

It doesn't look like the market is going to wake up to NMG until the gold bars are piled high in the office :-)

[liquid millionaire] 04/2/2016 08:00

Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources
4 February 2016
Noricum Gold Limited ('Noricum Gold' or 'the Company')
Initial Drill Results at Kvemo Bolnisi Reiterate Potential for H2 2016 Gold Production

Noricum Gold Limited, the European focused base and precious metals resource development company, is pleased to announce initial high grade, close-to-surface gold assay results received from an ongoing 19 hole diamond drill programme at Kvemo Bolnisi have highlighted the potential for early stage low cost gold production at the Bolnisi Project.

Kvemo Bolnisi is one of two outcropping mineralised priority targets at the 861 km2 Bolnisi Project, Georgia ('Bolnisi' or the 'Project') which have been identified as having the potential to be fast tracked into production.

Highlights

· Results from the first batch of drill holes include:
o KBPDH006 - 4.2m @ 5.91g/t gold ("Au") from 0m
o KBPDH005 - 4.8m @ 1.05 g/t Au from 0.6m

· Drill campaign focused on generating a resource from outcropping shallow secondary quartzite high grade gold mineralisation for mine planning

· Drilling will continue over the coming weeks and will be followed by pit design and mine planning with first production targeted H2 2016

· Re-assay work as part of the JORC conversion process continues to show good correlation providing a high degree of confidence in the precision and accuracy of historic assay data

Noricum CEO Greg Kuenzel said, "These excellent initial results from our ongoing drill programme at Kvemo Bolnisi continue to highlight the potential for early stage low cost production at the first of our starter pit targets. With little or no stripping, this shallow secondary quartzite gold mineralisation presents a unique opportunity for us to leverage off the existing infrastructure and heap leach operation owned by our local partner. With work now well underway, we will be focusing on completing the drilling over the coming weeks followed by in house modelling of the resource and mine planning.

"Parallel to this we are also looking at the development of the newly discovered near surface copper mineralisation at Kvemo Bolnisi. These ore bodies are currently being modelled and will be further tested by geophysics surveys to better define orientation for further drilling. With recently assayed historic drilling including intercepts of up to 40 metres at 2.11% Cu (including 5 metres at 9.95% Cu), this represents an exciting high grade copper production target in addition to our two gold starter pits. Resource conversion work is also ongoing over the larger historical drill defined Soviet resources both here and at the second priority target, Tsitel Sopeli. With much high impact activity underway, this is an exciting period for the Company, one which we are confident will result in the near term transformation of Noricum Gold into a low cost producer generating material cashflows that can be reinvested into the multiple development opportunities we have already identified at Bolnisi. With this in mind, I look forward to providing further updates on our progress."

[yorgi] 04/2/2016 07:44

Looking Good :-)

Noricum CEO Greg Kuenzel said, "These excellent initial results from our ongoing drill programme at Kvemo Bolnisi continue to highlight the potential for early stage low cost production at the first of our starter pit targets. With little or no stripping, this shallow secondary quartzite gold mineralisation presents a unique opportunity for us to leverage off the existing infrastructure and heap leach operation owned by our local partner. With work now well underway, we will be focusing on completing the drilling over the coming weeks followed by in house modelling of the resource and mine planning.

"Parallel to this we are also looking at the development of the newly discovered near surface copper mineralisation at Kvemo Bolnisi. These ore bodies are currently being modelled and will be further tested by geophysics surveys to better define orientation for further drilling. With recently assayed historic drilling including intercepts of up to 40 metres at 2.11% Cu (including 5 metres at 9.95% Cu), this represents an exciting high grade copper production target in addition to our two gold starter pits. Resource conversion work is also ongoing over the larger historical drill defined Soviet resources both here and at the second priority target, Tsitel Sopeli. With much high impact activity underway, this is an exciting period for the Company, one which we are confident will result in the near term transformation of Noricum Gold into a low cost producer generating material cashflows that can be reinvested into the multiple development opportunities we have already identified at Bolnisi. With this in mind, I look forward to providing further updates on our progress."