Mining Minerals & Metals Share Discussion Threads

[bongo bwana] 19/2/2007 07:44

Helium????

LOL.

A bit too much politically correct for my liking deka & bois!

GEX's share price could do with a shovel of amphetamine base!

Not that I know anything authoratative about that kinda stuff :-)

[deka1] 17/2/2007 12:55

Bois sure thing mate

[boischastel] 16/2/2007 08:50

This could do with some helium like CEY is getting, eh deka?

[bongo bwana] 15/2/2007 19:50

Spacer - I think the next update on komana could be with the Annual Report - due in May

[deka1] 15/2/2007 16:49

SP--sure its middle feb----- cey doin ok eh

[spaceparallax] 15/2/2007 13:41

Can't be long.

[deka1] 14/2/2007 17:13

ANYONE KNOW WHEN THE KOMANA UPDATE DUE

[spaceparallax] 07/2/2007 15:16

Interesting, just a shame that it's below mid.

[robbi123] 07/2/2007 14:40

interesting 750k MM trade there, no movement...

[chrissey] 05/2/2007 15:12

A few buys today, mine included. Hope my hunch is a bit more realistic than TW but seems reasonable bet on some positive drilling updates? IMHO

[spaceparallax] 01/2/2007 13:15

Good. He's been one of its strongest supporters for a while - often suggesting 40p per share value, going back a while.

[robbi123] 01/2/2007 12:23

update on tips, TW is still bullish about GEX

[spaceparallax] 01/2/2007 09:44

Well, it's good to get news. However, I might be rather a greedy guts in not getting overly excited at the grades cited - hope that the Market thinks differently.

[bongo bwana] 01/2/2007 07:51

Another couple of substantial bricks in the wall.

[davenic] 01/2/2007 07:49

("Glencar" or the "Company") Drilling Update 1 February 2007Highlights* Ore grades intersected in Kabaya South drilling - up to 43
m at 1.7 g/t
* Exciting target at Bokoro now ready for follow up drilling
* Initial drilling scheduled for Sanioumale concession in
March
* Komana West drilling to recommence next week.
Drilling ResultsGlencar is pleased to announce the results of the recently completed
drilling programme on the Sankarani Project in southern Mali. The
drilling programme comprised 3,274 meters of reverse circulation
drilling on four targets in the Farasaba concession, one of the three
concessions which are being operated under the terms of a Framework
Agreement with Gold Fields Orogen Holding (BVI) Ltd (formerly Orogen
Holdings BVI Ltd), a subsidiary of Gold Fields Limited. Under the
terms of the Framework Agreement, the Gold Fields subsidiary may
spend up to US$12 million on exploration over three concession areas
in southern Mali, in order to earn a 65% interest in the concessions.
The four targets drilled and the corresponding metreages are:Kabaya South 17 holes for 1,676 metresFarasaba West 4 holes for 320 metresFarasaba Main 10 holes for 788 metresFarasaba South 8 holes for 490 metres.
Kabaya SouthThe Kabaya South drilling intersected a significant mineralised zone
in sheared and altered metasedimentary rocks with associated porphyry
intrusives. The mineralised zone was intersected by five boreholes
in three separate drill fencelines over a total strikelength of
approximately 600 metres. The zone is open along strike to both the
northwest and the southeast. The most northerly hole drilled on the
target structure, returned 43 metres at 1.7 grams/tonne including 28
metres at 2.0 grams/tonne. This is a very promising intersection in
the first phase of drilling at this target and there is support on
each of two fencelines drilled obliquely across the structure to the
south. Follow up drilling, including diamond core drilling is
planned for this target during the current field season. The Kabaya
South drilling target had been initially delineated by mapping and
sampling work carried out between February and June 2006.
Farasaba WestAt Farasaba West, four holes were drilled across a structure
interpreted from the recently completed Induced Polarisation ("IP")
geophysical surveying. A best intersection of 8 metres at 1.1 grams
per tonne was intersected in the first and most easterly hole on this
target while, some 75 metres further west, the next hole intersected
3 metres at 3.2 grams per tonne. The IP geophysics shows a high
chargeability anomaly to the east of the easternmost hole on this
fenceline and it is proposed to follow up this intersection with
further drilling to the east.
Farasaba MainAt Farasaba Main, five holes were drilled on each of two targets
generated by the geophysical surveying coincident with the presence
of artisanal mining activity. The drilling did not encounter any
well developed mineralised zone, with the best intersection being 1
metre at 12.1 grams per tonne in FMRC006 between 11 and 12 metres
downhole depth. It is planned to drill two other geophysical
anomalies in the Farasaba Main area during the present field season.
Farasaba SouthAt the Farasaba South target, eight holes were drilled on a strong
geochemical anomaly associated with a coincident strong chargeability
anomaly. The drilling did not encounter significant mineralization.
Details of the drilling results will be posted shortly on the
Company's website at www.glencarmining.ieDrilling Programme - Sankarani ProjectA busy drilling schedule is planned for the coming weeks and months
at the Sankarani Project.
Bokoro ConcessionDrilling will commence as soon as a rig is available on a very
promising target on the Bokoro concession. The Bokoro target is
associated with a strong geophysical anomaly and is close to some of
the most extensive artisanal workings seen in the whole Sankarani
region. First phase drilling at the nearby Sanankoro target in
May/June 2006 yielded a significant intersection in BRC007 of 21
metres @ 1.12 grams per tonne. The recently completed IP survey
shows that that intersection was drilled just east of a now very
clearly defined shear structure. The upcoming programme will target
a zone of high chargeability along the shear just to the north of the
previous Sanankoro drillingSanioumale ConcessionThe Bokoro drilling will be followed by drilling on the Sanioumale
concession, on a target situated along the main Sankarani Shear Zone
which is coincident with extensive artisanal workings.
Kabaya SouthDrilling will then be redirected at the extension of the Kabaya South
mineralised zone.
Other TargetsFurther exploration will be completed at the Farasaba West and
Farasaba Main target areas. Results will dictate the priority with
which exploration of each target is subsequently developed.
Gold Fields are in the process of approving the next stage of
exploration funding for the Sankarani Project, which, when completed
in full, would give a newly incorporated Gold Fields Limited
subsidiary a 25% interest in the Sankarani Project.
Drilling Programme - Komana WestThe fourth phase of drilling at Glencar's Komana West project,
comprising both reverse circulation and diamond core drilling, is
scheduled to start next week.Hugh McCullough, Chief Executive of Glencar says: "These results from the first pass drilling on the Sankarani Project
are very promising and further drilling programmes at existing and
new targets are planned, as is additional drilling on the Company's
95% owned Komana West prospect."
Hugh McCullough, EurGeol., PGeo, Managing Director of Glencar, is a
member of the Institute of Geologists of Ireland. He is a qualified
person as defined in the Guidance Note for Mining, Oil and Gas
Companies, March 2006, of the London Stock Exchange. He has reviewed
and approved the technical information contained in this
announcement.

[bongo bwana] 31/1/2007 19:30

Well done gents.

The Jan RNS was dependant on Goldfields advising GEX of the coutome of their recent drilling programme.

They could play ducks and drakes with GEX if they wished too. A croc v a minnow?

[robbi123] 31/1/2007 18:24

so did i mate, but u know that we never get the timing of RNS's right! i will remain patient here as i think they are sitting on a very nice asset. looking at the nearby deposits, the average field has 3.6 mil oz, with the largest having an estimated deposit of 9.6 mil! interesting figures....

[valentine] 31/1/2007 17:44

I thought we were to see an update by end of Jan?
There is always tomorrow, I suppose.

[tsmith2] 25/1/2007 22:11

last drilling update

[spaceparallax] 25/1/2007 15:33

TS,

Where did you glean that info from?

[tsmith2] 25/1/2007 08:15

drill results out next week..