Mining Minerals & Metals Share Discussion Threads

[tsmith2] 21/3/2007 10:43

Dc - beat me to it, we should see the market at some point wake upto the serious prospects at Komana

[davenic] 21/3/2007 10:42

Nice 200k at full price

[bongo bwana] 21/3/2007 09:49

The 86 m intersection falls right in the middle between two earlier fencelines, 200m apart, where GEX had only very little hard data re continuity.

[boischastel] 21/3/2007 09:21

That's better 75K @ 10.2p!

[boischastel] 21/3/2007 09:13

Haydock. Shades of CEY here!

[robbi123] 21/3/2007 09:12

haydock - well spotted, i still dont think the market has woken up to the potential of Glencar's assets! Time will tell....

[haydock] 21/3/2007 09:10

The Chairman says about the deposit.

These very positive results add significantly to the potential for
this deposit. The good grades and, in particular, the extensive
downhole thicknesses of mineralization suggest a relatively robust
deposit and one which also shows very exciting strike and depth
potential. This gold deposit continues to show the signs of becoming
a significant addition to the list of large, profitable gold mines in
this region of West Africa."

This is a confident well thought out statement, which has not been qualified in any way, in fact look at the word "robust" that was very carefully chosen.

However when we look again he says something more:.

"An outcrop with very similar geology, structure and alteration
patterns, some nine kilometres along the Komana shear zone to the
south of the current drilling area, has yielded rock samples assaying
up to 20 grams/tonne indicating the very serious potential for other
orebody occurrences along the extent of the Komana shear zone."

Which we have overlooked so far.Another wider indication of the size of the site at Komana.

[bongo bwana] 21/3/2007 07:24

Well done Robbi and thats my estimation of Asheba also. Excellent and all as it is considered by GEX's top geologists, Komana they believe contains even greater promise/potential and yesterdays announced results emphasise this once again.

Being a micro cap explorer GEX has to effeciently address its scarce resources to the areas which, in the view of its management/board will produce the best results. To date their concentration on Komana West is a proving to be intelligent decision making - no great surprise there, IMHO.

GEX has received JV approaches for the undertaking of further exploration at Asheba but the pace of these discussions has not been driven by GEX, to date.

[robbi123] 20/3/2007 21:46

just been looking through the website, and looked at the Asheba concession, there seems to be some very promising results from there back in 2004! I hope once the Komana drilling has been done, we can find out the potential of Asheba. Great update today, i am still of the belief that we are sitting on a very nice deposit here circa 3-5mil ounces! once the market wakes up to this, we will see the highs of last year hopefully!

here's a copy of the drillplan:

[davenic] 20/3/2007 13:56

100k M buy just gone in full price now thats better

[boischastel] 20/3/2007 12:50

DaveNic. Yes, quite likely, as what he wrote just now seemed somewhat quickly put together.
I suppose MI seminar is taking most of his time, as well as at 11am UK time he does his TV show.
Looks good Haydock. Always nice to see that news is on it's way in the future.

[haydock] 20/3/2007 12:27

Also Bois:

The southern portion will be evaluated during the next phase of drilling.

So even more meat to come, so now we can see a time scale for some of the years news.

[davenic] 20/3/2007 12:25

I think we will here a bit more from Tom ....

[boischastel] 20/3/2007 12:19

Something to look forward to in the RNS.........
'and to enable the completion of a resource estimate for the northern portion by mid-year 2007'.

[boischastel] 20/3/2007 12:16

TW says "At 9.5p, Glencar remains a strong "speculative buy"."

[davenic] 20/3/2007 10:13

Moving up now

[spaceparallax] 20/3/2007 10:13

A very timely set of drilling results - hopefully sufficient to bolster interest and reverse the recent drift.

[tsmith2] 20/3/2007 10:07

why is there no A in the "announcement" column - surely there should be if not the co should ensure that there is.

[davenic] 20/3/2007 10:03

not enough volume yet it will come rather late today or tomorrow should Tom getting typing...:-)

[netsurfer] 20/3/2007 09:03

all buys and surprisingly not much movement

[boischastel] 20/3/2007 09:02

Looks an exciting prospect.
No doubt TW will report later. All he has said so far today is 'speculative buy'.

[davenic] 20/3/2007 08:16

just topped up excellent reading....I would imagine we will also get some positive comment from Tom from T1ps as he like these

[cestnous] 20/3/2007 08:08

Excellent results. Just the sort of deposit a major would be looking for, perhaps not quite yet but .... Topping up this am.

[bongo bwana] 20/3/2007 07:44

Only a matter of time now before Komana becomes a world class gold producer.

IMHO.