Hochschild Mining Share Discussion Threads

[dt1010] 28/8/2018 12:56

550p would be better ;)

[charles clore] 28/8/2018 11:29

Today would be nice I admit

[rhuvaal2] 28/8/2018 10:56

Kitco.com...."Currently, it is believed that the Federal Reserve will raise interest rates by 25 basis points (¼%) two more times this year. In addition, the CME’s FedWatch tool predicts that there is a 96% probability of a rate hike in November and a 60% probability that there will be a final rate hike in 2018 occurring in December.

The net result of his speech today were strong gains in the U.S. equity markets, intense selling pressure in the U.S. dollar, and a substantial upside move in gold."

[juju44] 28/8/2018 10:11

Maybe today - look at that bull flag on the chart

[charles clore] 28/8/2018 09:36

Next month will see $15 imho

[stevea171] 28/8/2018 09:21

Gold & silver starting reversals BUT .... a long, long way to go

[juju44] 28/8/2018 09:06

A silver move above 15$ would be helpful

[pediment] 28/8/2018 09:04

Gold and dollar from last night, dollar on bottom of channel now

[edjge2] 28/8/2018 08:59

juju well gap at 95 in dollar index filled and a bit more.

[pediment] 28/8/2018 08:48

Descending wedge looking quite interesting now

[juju44] 28/8/2018 08:46

Anyone hopeful ??

[onedayrodders] 27/8/2018 09:50

Nice move in PM's ...seems to be off the FED comments last week being dovish.

No follow through as yet which is disappointing although still early days.

The longer no follow through the nearer we get the next jawboning to send it back the other way. You know the score.

[stevea171] 26/8/2018 16:01

25/8/2018. Greg Hunter interviews Jim Sinclair & Bill Holter re The World Is Venezuela or "When is Now". Plse see post 18532 above.

We have of course heard all this before but because of the machines manipulation and Central Banks/US Government intervention no serious consequences have resulted so far. So this can continue for ever, right? Or will this time be different?

JS and BH believe the current series of events incl the trade wars and emerging markets melt down amount to the fuse having been lit already and there can be no going back. They consider this will not be a market event that technical analysts can pin point a date. Rather a process that has begun already that the CB's don't have the tools to roll back regardless of the measures they may take to restore stability.

In other words this is the 'big one' unfolding right now regardless of new highs on the S&P last week and what news there may be tomorrow or how many times we may have heard all this before. I still remember the crash of 87 and how the market was still going up in August like it is now.

[dt1010] 24/8/2018 17:53

Edgie u should subscribe to motley fool

Buy Blackberry. $10
Long term investment
It’s not hardware. It’s data. Is reinventing itself.

[edjge2] 24/8/2018 16:36

gold on the move up it seems as dollar index fills its gap at 95

[crosseyed] 24/8/2018 16:12

Another excellent post from Alasdair Macleod that become ever more apposite to the present state of affairs...


c

[rrr] 24/8/2018 10:36

Thanks, that must be it then. Bit surprising though.

[stevea171] 24/8/2018 10:09

rrr. HOC seems to consider these JV's to be too small to bother with making an announcement.
The other JV in Chile is at Loro in the Atacama with Revelo who has recently reported on a drill program carried out on this property. HOC hasn't mentioned this either except in passing.

Revelo Cuts Precious-Metals Rich Silver-Gold Veins in Drilling at its Loro JV Project in Northern Chile

Vancouver, British Columbia--(Newsfile Corp. - August 15, 2018) - Revelo Resources Corp. (TSXV: RVL) ("Revelo" or the "Company") is pleased to provide an update to the drill program at its Loro precious metals property that it is operating on behalf of its joint venture partner, a subsidiary of Hochschild Mining PLC ("Hochschild").

The first pass drill test, previously announced (see news release dated May 2, 2018), was completed in July with a total 2,972 metres drilled in 10 holes, and has confirmed the presence of a potentially large, low-sulphidation epithermal vein system with significant broad, low-tenor silver-gold intercepts such as 76m @ 19.2g/t Ag + 0.1g/t Au (L-003), enveloping higher-grade intercepts related to a series of narrow vein structures such as 0.5m @ 179g/t Ag + 0.51g/t Au (L-005). Drilling to date has tested one small portion of the large 4,800-hectare property.

[rrr] 24/8/2018 09:39

Thanks Steve, well found. Odd there doesn't seem to be a HOC RNS about this.

[stevea171] 24/8/2018 09:29

The Las Dos Marias project, LDM, Chile. It is in the Altos de Lipangue district, ADL, approx 30km NW of Santiago.

The ADL mining district is enormous, comprising more than 10,500 hectares. For reference, that is more than 40 square miles, or roughly twice the size of Manhattan. As one travels about the plateau, more than 400 trenches and numerous adits are visible across the landscape, yet barely scratch the surface of the effort needed to thoroughly explore and put the property into full production. The ADL is truly a massive greenfield mining site.

The slope of the mountain is steep, with 23 switchbacks on the way to the plateau. Auryn has done a significant amount of work on the roads. Whereas it once required a jeep over two hours to ascend the mountain, it now takes 40 minutes while driving conservatively. A twenty-ton truck can make it to the top and back down without having to stop and reverse along the way. It takes about one and a half hours for a truck loaded with ore to descend from the plateau.

I walked through and inspected the Larissa adits on levels 2 and 3. I also inspected the adit that Auryn refers to as level 2a. What I observed matches what I expected to see based on the pictures Auryn has posted and the private discussions I have had with Auryn. The vein on level 2a is eye-popping. Outwardly it appears to have far greater mineralization than the vein uncovered on level 3. This has been confirmed by multiple assays on both veins. The geologists believe they are close to intersecting this vein on level 3. This would be a significant development and greatly improve the economics of Auryn, and thus Medinah. Work is expected to start on this effort the beginning of March.

I inspected the Maria adit on the Las Dos Marias claim near the base camp and could clearly see the various structures that contained copper mineralization. This is an adit that Auryn has significantly expanded and secured.

The Maria adit is not to be confused with the Maria Teresa adit which is the property LDM Chile / Nuoco developed in search of a “glory hole”. The “glory hole” was never found and was most likely the result of a nugget effect on the drill core. Despite the absence of a “glory hole”, the Maria Teresa tunnel has not been discarded as a future target. It appears to be a shear zone and more geological work is needed there and in the Maria adit to better understand their mineralization and determine the best approach to their development.

There were several other areas of the ADL that I observed including some targets that have yet to be publicly reported. The need for an experienced geologist like Dr. Raymond Jannas, recently contracted by Auryn’s CEO, cannot be understated. With the help of Dr. Jannas, Auryn can prioritize the targets in a way that balances the long-term success of the project against the need for short-term results.

[stevea171] 24/8/2018 08:38

AURYN Mining Corporation Signs Binding LOI with Hochschild Mining PLC
Aug 22, 2018

INDIANAPOLIS, IN, August 22, 2018. AURYN Mining Corporation (OTC: CDCHD) is pleased to announce the signing of a binding Letter of Intent (“LOI”) with Hochschild Mining PLC, for the Las Dos Marias project (“LDM”). Please note, the currently named LDM project is a consolidation of over 3,000 hectares and is significantly larger than what has historically been known by our shareholders as the LDM (see the graphic included below.)

This LOI gives Hochschild the option to invest US$7,000,000.00 into the LDM project over a 5-year period to earn a 51% joint venture interest in the LDM properties. An option to invest an additional US$23,000,000.00 is available to Hochschild to gain an additional 9% interest. If all US$30,000,000.00 is invested, Hochschild will own 60% of the LDM project with AURYN holding the remaining 40% as a joint venture partner. The LOI is subject to further due diligence and the signing of a definitive agreement.

We expect to sign the definitive agreement in the coming weeks with work planned to begin on the property in early September 2018. The first step on this project will follow Dr. Sillitoe’s recommendations, which are from his visit to the property mid-March 2017. An aggressive work plan is scheduled to take place and the short-term goal is to have the property ready for drilling to begin in early 2019.

Maurizio Cordova, CEO of AURYN, commented: “We are pleased to partner with Hochschild. Although the project is still in the early stages of exploration, we believe it has the potential to become a significant gold / copper skarn project and we want our shareholders to have the opportunity to participate in this if it comes to fruition.”

AURYN will provide logistical support to Hochschild’s work on the project and will receive a net management fee for doing so.

For further information please visit our website, hxxps://aurynminingcorp.com.

[edjge2] 23/8/2018 21:10

Scared currency going to dollar as it does. Propping up US market. Chinese and ruskies got the right idea.
ZS an internet security company newby seems to be going great guns on NASDAQ.
Thanks DT TTD still om the up after great results.
Various references to gold low at 1160 odd and demise of the dollar imminently.
Ah live and hope. More cash coming end of month.

[davidspringbank] 23/8/2018 19:32

There's going to be an almighty crash, I can feel it in my water.