Mediterranean Oil & Gas Share Discussion Threads

[stu31] 13/9/2024 20:19

Windfall of historic geophysical data advances exploration and targeting at the Filo Sur project in the Vicuña District Argentina.

September 9, 2024: Mogotes Metals Inc. (TSXV: MOG, FSE: OY4) (“Mogotes̶1;, or the “Company”;) reports on the receipt and initial interpretation of previously unreported large IP and ground magnetic datasets over the Filo Sur Project, adjoining the world class Filo del Sol Cu-Au-Ag project in the prolific Vicuña district, Argentina.

CEO, Allen Sabet, stated: “In our process of working systematically through the datasets at the Filo Sur project we reached out to historic operators at the project to go back through the archives and try to recover valuable Geophysical data and reports.

In this process they were able to recover data that was long lost, including extensive ground magnetic data circa 2012, and DCIP geophysical line data (2004 and 2012) that was previously unavailable.

This is an incredible find and opportunity for Mogotes. It increases our surface ground magnetic data coverage by 88%, and our ground magnetic coverage and surface DCIP lines from 20km to 66km.

The cost of such a program today would be approximately C$0.9m, and importantly the data
will save significant time and help advance the exploration work faster.

Integrating this with our Mogotes acquired 2023 datasets has recently completed and highlighted
numerous new targets as well as support and refine the existing targets of the company.”

[stu31] 05/9/2024 00:27

Strategic mining investor subscribes for private placement
September 4, 2024
Mogotes Metals Inc. (TSXV: MOG, FSE: OY4) (“Mogotes̶1;, or the “Company”;) is pleased to announce a non-brokered private placement through the issuance of up to 17,857,142 units (each, a “Unit”) at a price of $0.14 per Unit for aggregate gross proceeds of up to $2,500,000 (the “Offering̶1;). View Pdf

Each Unit shall be comprised of one common share (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”;). Each Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.30 per Common Share until January 31, 2027.

CEO, Allen Sabet, commented: “We are pleased to welcome a strategic investor to participate in the Offering. The strategic investor, a mining company with operations in South America, will be a valuable long-term ally in our quest for a discovery. Their participation in the Offering speaks to the potential of our exploration targets and the scientific approach the Company has taken in exploration to date. We are excited to move forward together!”

All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The gross proceeds from the sale of the Units will be used for funding its exploration work programs and development of the Company’s Filo Sur property.

The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

[stu31] 01/8/2024 00:23

Mogotes Metals Rock Chip and Trench Channel Assay Extend New Rincon Copper – Gold – Silver Prospect at the Filo Sur Project in the Vicuna District Argentina.
July 31, 2024
Mogotes Metals Inc. (TSXV:MOG) (“Mogotes̶1;, or the “Company”;) is pleased to announce further positive gold-silver-copper rock chip assay expand the Rincon prospect, at the Filo Sur project adjoining the world class Filo del Sol Cu-Au-Ag High Sulfidation Epithermal (HSE) and Porphyry (PCD) project in the Filo del Sol, Vicuna District, Argentina (Figure 1). View Pdf

Reconnaissance rock chip and channel samples return assays up to 6m at Au: 1.32 Au and 94.3 g/t Ag from advanced argillic and vuggy silica high sulfidation epithermal structures
Trench channel sampling returns anomalous length weighted average assay results of 150m at 0.23 g/t Au, 1.4 g/t Ag, 620 ppm Cu and 461ppm Zn from a zone of high intensity sheeted quartz veinlet zone hosted in phyllic to propylitic altered quartz diorite stock
Combined Rincon results outline a 1.1 km long zone with indications of the upper level of a Maricunga style Au-Cu porphyry with structurally controlled, overprinting high sulfidation epithermal Au-Ag (Cu) mineralization
Mogotes geophysical anomalies underlying Rincon Au-Ag-Cu-Pb-Zn mineralization define potentially attractive drill targets for up coming Spring – Summer program planned to commence in October 2024
The Rincon soil Au-Cu-base metal anomaly remains untested for a further 1.2 km to the south of this seasons trenching suggesting potential to significantly extend the mineralized trend
CEO, Allen Sabet, stated: “These encouraging results confirm that where we explore in the Filo Sur project using good science, we are rewarded. This new zone extends a brand new exploration target area for several kilometres north-south, and we believe that further exploration will create attractive drill targets here. We are keen to get back on the ground and keep extending this south, east, and west and see what the Rincon area has to offer in our coming field season.”

NEXT STEPS:

Corporate: Webinar discussion on key target areas

Next steps at the Rincon target -> Spring – Summer (October 2024 to May 2025)

Extend existing trenches to open up full width of sheeted vein zone
New trenches to test Au Cu Ag Zn soil anomaly to the south of T2
Preparation for drilling in Spring – Summer (October 2024 to April 2025)


Rincon Prospect Technical Update

As previously reported (Mogotes News Release 8th July 2024) the Camino and Rincon are newly recognized prospects identified by Mogotes Metals in 2023, that are define by a 3.9 km long north – south trend of alteration, Cu-Au-Ag-Mo in soils and rock chips and concealed geophysical anomalies (Figures 2 and 3).
New Rincon Trend assay results (this news release, Table 1) report strongly anomalous Au-Ag-Cu (Zn-Pb) from outcrop chip and trench channel sampling, confirming that the Rincon rock chip results extend over a 1.1 kms north-south structurally controlled trend from the previously reported chip channel sampling at road cut 1, to the current most southerly trench at T2.
The Rincon Au-Cu-Ag-Pb-Zn soil anomaly extends a further 1.2 km to the south of T2, suggesting the trend of mineralization may be expanded by additional trenching when exploration at the prospects recommences in spring (October) 2024.

The new rock chip and trench continuous chip-channel assay results from Rincon include (Table 1 and Figure 4),

T1: A 6 m wide north-south trending, advanced argillic altered shear (figure 4 – D1, D2) exposed in a gully on the east side of the prospect. The shear hosts localized pyrite – enargite veining and secondary Cu-Fe sulphate staining. A section of the shear that could be accessed for sampling returned a channel sample of 1m at 0.53 g/t Au, 17.5 g/t Ag and 861 ppm Cu. A select sample of a pyrite – enargite vein within the shear (Figure 4 – D3) returned an assay of 0.97 g/t Au, 14.7 g/t Ag and 0.36 % Cu.
T2: This bulldozer trench exposed a wide zone of high intensity (estimated up to 100 veinlets / m) sheeted quartz ± sulphide veinlets with localized malachite staining and localized overprinting vuggy silica zones (Figure 4, B). This mineralization is hosted by a propylitic to phyillic altered quartz diorite stock. Continuous chip-channel sampling (individual samples of 1.3 to 6.0 m in length) across the veinlet zone returned a length weighted average intersection of 150 m at 0.23 g/t Au 1.4 g/t Ag and 620 ppm Cu, with peak channel sample of 3 m at 0.63 g/t Au, 0.7 g/t Ag and 660 ppm Cu from 48m along the trench. The veinlet zone remains open to the east under cover.
T3: An additional trench was excavated between T1 and T2 but could not be systematically sampled before the exploration season closed. However, a 6 m wide chip-channel sample was collected on the eastern edge of the T3 trench, from an advanced argillic altered structure. This sample returned an assay of 6 m at 1.32 g/t Au, 94.3 g/t Ag and 53 ppm Cu. Sampling of the full zone of sheeted veinlets and advanced argillic structures exposed in T3 will be a priority for the spring 2024 exploration program.
Additionally, rock chip assays from Road Cut 2 (Figure 3 and 4) located at an altitude of 4800 m ASL show only weakly anomalous Au-Ag-Cu but strongly anomalous epithermal path finder elements (Sb, As) including Sb up to 481 ppm. While Road Cut 1, T1, T2 and T3 with the strongly anomalous Au-Ag-Cu-Zn reported here, all outcrop approximately 100 m topographically lower at approximately 4700m ASL suggesting a vector of increasing metal grade with depth along the trend. These patterns suggest a vector to increasing grades of Au-Ag-Cu to depth, supporting further exploration of the Rincon Trend.

Initial interpretations of the mineralization styles reported and assay results from the Rincon zone, suggest current outcrop level at Roadcut 1, T1, T2 and T3, the represents the interface between structurally controlled roots of an Au-Ag (Cu) bearing advanced argillic lithocap and the upper part of a Maracunga style Au-Cu porphyry and high lighted the Rincon Trend and the underlying geophysical anomalies as attractive drill targets for the upcoming October 2024 exploration season.

[stu31] 15/7/2024 23:33

From 43 mins

Crescat's Live Market Call - June 21, 2024 Commentary

[stu31] 11/7/2024 02:24

205m shares in issue. 271m FD. Market Cap C$29m (£17m) at 14c
Cash C$8.4m (6/24) Management + Insiders 22% Inst 37%


website:

On the same belt as 3 Copper discoveries
Mogotes Metal’s Filo Sur Project is immediately south of Filo Mining’s flagship Filo del Sol project, and on strike with its world class new sulphide discovery, in the Vicuña Copper District of Chile and Argentina. NGEx Minerals’ recent discovery at Lunahuasi and its Los Helados exploration projects are nearby and in the same district.

Earn In Deal Structure
Mogotes Metals has an option to earn up to an 85% interest in the Filo Sur project area from Golden Arrow Resources Corp. (TSXV:GRG)
Mogotes Metals can earn an 80% interest in the Filo Sur Project by completing:
– Exploration expenditures of C$5M (completed)
– Cash payment of C$1.75M (C$0.55M remaining), with final payment due in May 2027

Mogotes Metals can earn an additional 5% interest by completing a Feasibility Study.
After this, the parties enter into a Joint Venture:
Any party that does not contribute has its share diluted
If Golden Arrow’s interest falls under 10%, it converts to a 2% net smelter returns royalty (“NSR”).
Mogotes Metals may buy back 1% of the NSR for C$2 million and remaining 1% of NSR for C$5 million.
There exists a prior 0.5% NSR capped at US$0.5M total to a previous owner

Recommence exploration program – inclusive of surface exploration and first drill test of several priority targets, is planned for the southern hemisphere spring of October 2024

From 43 mins
Crescat's Live Market Call - June 21, 2024 Commentary

[ohisay] 08/8/2014 16:06

So was I but not with any great hope.
Sobering to think thats all its worth to the market these days.
Best not look at the 10 year chart.

[rayrac] 08/8/2014 10:18

Yes, it's the temporary bit that confuses. I was hopeful of another higher offer. ;-)

[whackford] 08/8/2014 09:54

TEMPORARY SUSPENSION OF TRADING ON AIM

It is the use of the word "Temporary" that seems to be causing confusion.

Adam, your enlightenment appears to show trading suspension is "permanent".

[adam] 08/8/2014 08:17

It is expected that trading in MOG Shares on the AIM market of the London Stock Exchange ("AIM") will be suspended at 7.30 a.m. (London time) on 8 August 2014 and that, following the Scheme becoming effective, the admission of the MOG Shares to trading on AIM will be cancelled at 7.00 a.m. (London time) on 12 August 2014. The last day for dealings in, and for registration of transfers in MOG Shares will therefore be 7 August 2014.

[rayrac] 08/8/2014 07:52

Why the suspension?

[lr2] 30/7/2014 12:59

Afternoon Cyan. Keep up the good work.

[ohisay] 30/7/2014 09:26

Goodies here soon.

What is happening?
-Scheme of Arrangement
-Effective Date: 11th August 2014.
-Terms: GBP0.04875 in cash, and 0.0172 Shares in Rockhopper for each Mediterranean Oil & Gas Share .

Currently worth 6.488p with RKH at 93.75p.

[cyan] 28/7/2014 09:43

With a more positive attitude from the Italian government Ombrina Mare will become a very profitable asset.

Ombrina Mare Exploration and Development
•Ombrina Mare 1 Oil & Gas discovery successfully appraised by OBM2 and OBM2-dir wells in June 2008
•Flow test form OBM2-Dir horizontal well achieved an equivalent flow rate of approximately 1,000 barrels of oil per day
•Certified as Contingent Resources by ERC Equipoise Ltd. in 2013:
◦Oil C1 of 9.8 MMbbls, C2 of 25.1 MMbbls and C3 of 62.8 MMbbls
◦Gas C1 of 4.5 Bcf, C2 of 9.5 Bcf and C3 of 21.6 Bcf

•Prospective Oil and Gas Resources of 16 to 45 MMboe (Best to High case)
•Award of Production Concession will enable development planning to move ahead


Ombrina Mare oil & gas field

[falklands] 28/7/2014 06:32

Nop takeover in the end any of you know latest news ?

[le_commissaire] 27/7/2014 13:25

Richard
Re your question about David Cameron
He was educated over four locations :

Eton College
University of Oxford
Heatherdown School
Brasenose College, Oxford