Scotgold Resources Share Discussion Threads

[0405] 09/12/2015 19:48

good job I'm posting on here not much else happening,as I said months and months ago would SGZ get caught up in the gold/market fall,when you have companies like Glencore and Anglo american struggling and reducing expenditure,what chance does our little Scotgold have very little I would suggest trying to raise funds for a gold mine in these turbulent times, lol

[vfb1888] 30/11/2015 18:30

0405,
You sold out at a much lower price than now with the hope of getting back in lower, it didn't work out for you , unlucky !

[0405] 30/11/2015 09:52

There will be another cash call soon poor souls getting sucked dry

[y1phr] 30/11/2015 09:50

0405 ain't got a clue, stay away there's a good chap. You must either be a sore looser or poor shorter.

[0405] 30/11/2015 09:27

I reckon in 10 years if youre lucky you might get a return out of this its all smoke and mirrors be careful

[vfb1888] 29/11/2015 23:24

Cononish is just the beginning , been saying it for years
Its all in there and that is only 1/16th of our Licence area , 11 significant targets and possible pay shoot resource expansion at the high grade ( M&I 14.9g/t Au) low cost ( £327 ) Cononish project

Page 13 figure 5 map showing targets within the Cononish area , Page 12 figure 4 showing map of sample results


 Beinn Udlaidh is app 4 km NNW of Cononish and is outside the NP ( National Park )
The vein has been traced for 1,900m
Sampling has returned values up to 383g/t Au & 163g/t Ag
AQ drilling intersected 11.1g/t Au & 167g/t Ag
In additional significant breccia hosted gold-silver mineralisation has been identified with an exploration target of
0.57 and 5.7million tonnes at 1-2 g/t Gold

 Arrivain is app 3km NW of Cononish and is outside the NP
Vein outcrop sample returned value of 25.4g/t Au & 16.7g/t Ag

 Coire Nan Sionnach is just within the NP and is app 1.5km NNW
Outcrop sample returned value of 51.2g/t Au 7 14.4g/t Ag , 12.9g/t Ag & 7.3g/t Ag , 14.3g/t & 39.8g/t Ag
250m strike ave 2.86g/t Au over 4.4m
Trench 3.5g/t Au & 12g/t Au

 Kilbridge is outside the NP and is app 2.3km NW of Cononish
Vein outcrops samples retuned values of 46.2, 28.8, 17.9, 11.5 g/t Au
Boulder samples returned values of 83.5, 62, 51.5, 45.5, 39 g/t Au
16 Veins averaging 11.3g/t Au
15 boulders averaging 24.5g/t Au

 Cononish West, Allt Nan Sae, Meall Odhar, Garbh Choirean are all within the NP
Refer to page 12 , figure 4 of 2013 annual report
Not much info available must be part of 1100 samples that has not yet been released

 River Vein , is located outside the NP app 5km NW of Cononish
Rock chip sampling at 164g/t Au
Rock chip sampling up 2.72% Mo
Vein sampling 194.6g/t Au & 200g/t Ag , 103.2g/t Au & 76.6g/t Ag 74.58g/t Au & 20.6g/t Ag
NQ drilling ;
RV01
9.7g/t Au , 13.3g/t Ag , 0.6% Pb , 2.1% Zn at 60m depth
3.5g/t Au , 200g/t Ag , 1.4% Pb , 100ppm Mo , 34g/t Te at 78 m depth

RV02
4.39g/t Au , 200g/t Ag , 1.8% Pb 167ppm Mo , 43g/t Te at 70m depth

 Tom a Chro is located outside the NP and is 2km from the River Vein
Vein outcrop 257g/t Au & 118g/t Ag
6 Boulders averaging 88.1g/t Au
Two sets of soil samples suggest a 2km long mineralised structure trending NE-SW parallel to the Cononish deposit 7km away
A stream sediment sample returned 19.9g/t Au

 Sron Garbh is located outside the NP app 5km NE of Conoish
Drilling has intersected highly anomalous grades of Gold, Platinum, Palladium, Copper Nickel and Cobalt



 Coire Chailein is located outside the NP and is app 500m from Sron Garbh
Refer to figure 4 and 5 for location and sampling ,
Little information on this except for BGS info and the unknown 1100 samples

Nat le Roux: "As a Scot I am pleased to be involved in this material step to the development of a significant Scottish gold mining industry."

[vfb1888] 29/11/2015 22:06

News out in Aus and it makes good reading

[y1phr] 19/11/2015 12:37

Struggling to buy online seems I can only buy in smallish quantities. Good I suppose.

[steelwatch] 05/11/2015 17:40

Why Austria Is Repatriating Gold From London

Extract:

Many central banks around the world are aware the international monetary system is moving away from the US dollar and that the role of gold will (officially) be much greater in the future. In this development central banks benefit from a smooth and slow transition to a new system, as sudden shocks will bring the global economy in a free fall and more time provides better preparations. Central bankers prefer slow and attentive change. Signs of the slow development towards gold by central banks can be seen across several continents. In Europe slowly more and more countries are repatriating their gold from the UK (Bank Of England) and the US (Federal Reserve Bank Of New York). Certainly not all their gold but weighed amounts and in the case of Germany and Austria the gold is repatriated over several years. If all European countries would repatriate all their gold at once it would cause a panic in financial markets. In the East, Russia and China are increasing their gold reserves every single month by relative small amounts, respecting the slow development towards gold. Asian central bankers differ from their European colleagues because they verbally acknowledge the role of gold in finance. In 2004 Zhou Xiaochuan, governor of the People’s Bank Of China, said:


… China’s gold market should move from commodity trade to financial product trade. Gold is a commodity that combines the attributes of a currency, financial commodity and general commodity. … gold still has a strong financial nature and remains an indispensable investment tool. In financial centers in the world, the gold market – together with the money market, securities market and FX market – constitutes the main part of the financial market.

[vfb1888] 01/11/2015 22:52

News out in AUS
Based on the earlier PFS, the Company has been offered indicative terms by leading banks to provide debt finance for the majority of the project’s funding requirement.

Completion of this BFS facilitates the selection of the preferred finance route and the signing of a mandate with the selected institutions in near future

Structural study
The Company engaged the services of Dr. Pablo Gumiel and Dr. Mónica Arias of Consulting de Geología y Minería, S.L., to conduct a structural study of the Cononish deposit and Tyndrum area. Dr. Gumiel is an expert in structural geology and the structural control of mineral deposits with over 38 years’ experience in research and mining exploration. Dr. Arias has over 15 years’ experience as a specialist in database management of geological-mining data, Geographical Information Systems (GIS) and 3D geological modelling. Drs. Gumiel and Arias have spent 30 field days, over three 10 day periods in May, July and September 2015, collecting data in conjunction with the exploration
team.
In addition, Drs. Gumiel and Arias have undertaken significant work to develop, and expand existing, structural models for both the Cononish deposit and the wider Tyndrum area. The study aims to bring the large volume of existing data together into one model, utilising all of the various datasets. When the ongoing review of the combined data model has been completed, this study will create a ‘first pass’ prospectivity model, utilising a set of structural and geochemical criteria that appear to control the distribution of gold across the Cononish/Tyndrum area. This model will be used to determine which areas have the highest likelihood of gold-bearing quartz veins being located. The structural and geochemical criteria used in the model will be tested and refined through field work and further understanding of the structural setting of the Cononish deposit. The controls for the Tyndrum area are anticipated to be applicable across the Grampian Project region and will therefore aid and focus regional exploration. Once the prospectivity modelling is complete, Scotgold will re-evaluate high grade outcrop samples identified by previous exploration close to the Cononish project.
Stream sediment program
In order to advance its understanding of the regional setting, over the past four years, the Company has embarked on a regional stream sediment sampling program. To date more than 1100 stream sediment samples have been taken across the regional area with assay results returned for 1,055 samples (to end-September 2015). Analysis of the returned stream sediment data, in conjunction with work undertaken by Drs. Gumiel and Arias, has indicated the presence of a significant number of gold anomalies in the better covered Glen Orchy licence area and a number of anomalies
throughout the other licence areas. Five key anomalies in the Knapdale licence area have been infilled and the results are currently awaited. Anomalies in Glen Lyon, Inverliever and Ochills require infill sampling to gain a greater understanding of the distribution of gold in these areas. The stream sediment sampling program has a further ~350 samples to be collected, with the majority of the outstanding samples forming an infill program which aims to follow up anomalous results or to increase data coverage.

[steelwatch] 30/10/2015 10:13

Beaufort Securities note out today:



Click the "View Now" button to download.

Scotgold is clearly trading below realistic valuation which should be set at more than twice its current level. Beaufort accordingly sets a price target of 1.20p for the ordinary shares and awards them a ‘Speculative Buy’ recommendation.

[vfb1888] 30/10/2015 10:08

Bristol Presentation
hxxp://www.beaufortsecurities.com/img/pdfs/research/scotgoldresources301015.pdf

[ftangftang] 28/10/2015 07:33

Richard Gray, the Company's Chief Executive Officer, commented;

"It is extremely satisfying that including these placements our recent rights issue has been effectivelyoversubscribed. The Company appreciates this recognition by our shareholders of the progress made to date and the funds received put the Company in a much stronger position as we continue our path to putting the Cononish Gold and Silver project into production."

cheers
ft ft

[steelwatch] 26/10/2015 16:43

Re: 2253 above, listing now corrected in my portfolio to read:

SGZAK.XXX SCOTGOLD RESOURCES OPTION 30/09/17 GBP0.01

[steelwatch] 23/10/2015 10:19

Options - Showing today in my portfolio as:
SGZAK.XXX SCOTGOLD RESOURCES OPTION 30/09/17 AUD0.01

Jarvis Securities/SharedealActive/X-O

[steelwatch] 21/10/2015 16:23

vfb - have you received your options yet? Still waiting here.

edit: now read the LSE board. All still waiting for the Registrars to issue.

[vfb1888] 21/10/2015 16:16

Whilst touring in my Panzer I noticed SGZ employees in almost every stream in the area over the years (3 ) they have collected over 750 samples and are now following this up with a more detailed infill sampling programme . Of late I noticed some unusual persons carrying out what looked like Geology related studies , I say unusual in that they had a tan unusual for the area , I sent my gunner to investigate turns out they are specialists in their field and there in our fields.
I ordered further investigations and think they are on to something big , very big

hxxp://www2.le.ac.uk/departments/geology/people/hill-nj

This project aims to develop genetic models for gold and associated precious metal mineralisation through a multi-aspect study on mineralised and unmineralised veins in the Scottish Highlands. These models will assist Scotgold Resources Ltd in their regional exploration and to increase cost-effectiveness of drilling and exploration programs by developing key indicators for mineralisation. The multi-aspect approach aims to utilise stable isotope, fluid inclusion microthermometry and dating methods in conjunction with petrography and geochemistry to constrain the nature of mineralising events.

Objectives
Examine new gold occurrences in Scottish Highlands and integrate data with data from Cononish.
Develop paragenetic sequences for individual vein sets and place these within the genetic sequence of the wider area.
Develop geochronology of vein sets within Scotgold’s exploration license areas in particular around Cononish and Glen Orchy.
Assess the link between mineralisation and igneous bodies as potential heat and fluid sources through geochemical characterisation and dating.

----------
Recent collaboration with Scotgold Resources (who are developing Scotland’s only gold mine at Tyndrum) has allowed evaluation of the placer gold signatures in the area surrounding the mine.
The main findings of the research can be summarised:

1 The microchemical signature of a population alluvial gold grains is faithful to the host mineralisation.

2 Different styles of gold mineralization generate distinguishable microchemical signatures such that the technique permits informed speculation on the style of mineralization responsible for alluvial gold even when the bedrock source remains undiscovered.

3 The microchemical signature of a population of alluvial gold grains can be used to assess the number of different sources of mineralization contributing to that population.

4 In Britain and Ireland there is a correlation between the geology of the host rocks and the microchemical signature for sediment and meta-sediment hosted gold occurrences.

5 Gold from similar geological environments world-wide generates similar microchemical signatures.

6 In upland Britain and Ireland the degree of transport from bedrock source to alluvial occurrence is usually very small.
-------------------------------------------------------------------------
Now in light of all of the above and in particular the last line would it be unrealistic to think that there might just be something worth a hell of a lot here ! Remember No 6 when you read below

River Orchy
383.2 g/t Au, 321.5 g/t Au and 197.3 g/t Au 145.5 g/t Au 134.5 g/t Au,in rock chip samples
molybdenite-rich quartz veins assaying up to 0.62% molybdenum.

24 breccia pipes in the nearby Beinn Udlaidh area. Previous exploration in this area by Ennex International plc in the 1980s identified high grade boulders, up to 358.9 g/t Au.


High grade vein systems at Auch
· Creag Sheileach
o Outcrop 13.2g/t Au, 36.6g/t Ag
o AQ drill hole 25.5g/t Au 14.3g/t Ag over 1.0m
· Coire Ghabhalach
o Outcrop 23.4g/t Au, 29.6g/t Ag
o AQ drill hole 15.2g/t Au, 36.2g/t Ag over 2.1m
· Clach Bhadach
o Outcrop 62.4g/t Au, >200g/t Ag
o Outcrop 20.7g/t Au, 164.7g/t Ag
· Beinn Odhar
o Outcrop 9.8g/t Au 80.4g/t Ag
o Outcrop 8.9g/t Au, >200g/t Ag, 47.1g/t Te
Breccia Pipe identified
· Breccia pipe identified - highly anomalous gold value recorded - 1.7g/t Au
Clach Bhadach
Rockchip sampling of the outcrop has returned values including 62.4g/t Au and >200g/t Ag, 20.7g/t Au and 164g/t Ag and 16.4g/t Au and >200g/t Ag.

River Vein Area
Rockchip sampling of the outcrop has returned values including 62.4g/t Au and >200g/t Ag, 20.7g/t Au and 164g/t Ag and 16.4g/t Au and >200g/t Ag. River Vein Gold vein - 194.6 g/t Au, >200g/t Ag and 103.2 g/t Au, 76.6 g/t Ag
o 7 samples from 20 above 0.1% Mo
Beinn Udlaidh Vein NE extension
o Confirmation of previous high grade outcrop including
o 73.3g/t Au, >200g/t Ag
o 17.7g/t Au, >200g/t Ag
· Vein traced for 1900m on strike

River Vein
RV01:
o 9.7g/t Au, 13.3g/t Ag, 0.6% Pb, 2.1% Znover 40cms (intersection width) - 60 metres below surface
o 3.5g/t Au, >200g/t Ag, 1.4%Pb, 100ppm Mo and 34g/t Te over 52 cms (intersection width) - 78 metres below surface
• RV02:
o 4.39g/t Au, >200g/t Ag, 1.8% Pb, 167ppm Mo, 43g/t Te over 40cms (intersection width) - 70 metres below surface

Sron Garbh Mafic complex
· Selected AQ drill hole results best intercepts include
· SQ AQ 16 - 0.22g/t Au, 0.78g/t Pd, 0.58g/t Pt, 0.75% Cu, 0.18% Ni and 0.01% Co over 2 metres
· SQ AQ 15 - 0.08g/t Au, 0.43g/t Pd, 0.35g/t Pt, 0.58%Cu, 0.17% Ni and 0.02% Co over 1.25 metres
· SQ AQ 26 - 0.11g/t Au, 0.31g/t Pd, 0.37g/t Pt, 0.65% Cu, 0.21% Ni and 0.04% Co over 1 metre
· SQ AQ 28 - 0.03g/t Au, 0.29g/t Pd, 0.25g/t Pt, 0.17% Cu, 0.12% Ni and 0.03% Co over 1.5 metres
· SQ AQ 21 - 0.15g/t Au over 20 metres
· SQ AQ 22 - 0.12g/t Au over 22.5 metres
· Rock chip sample grading 0.82% Cu, 0.21% Ni, 1.14g/t Pt, 0.79g/t Pd, 0.18g/t Au, 4g/t Ag, 16.1 g/t Se and 0.03% Co

[glenalmond] 14/10/2015 18:49

If it stays above $1170 for 48 hours, I'll be a happy chappy.

[glenalmond] 14/10/2015 18:47

Au @ USD1180 ... and beyond!

[steelwatch] 13/10/2015 17:27

Nice one vfb. Won't be able to attend as per usual, but 2 of mine in there. Hope it's one of a series culminating in the capital?

[vfb1888] 13/10/2015 17:09

Presenting

Is Now the Time to Revisit Natural Resources?

This is your last chance to register to attend our Investor Evening in Bristol this Thursday evening (15th October 2015). Book your FREE place now, by clicking here.

The event will focus on the natural resources sector, which has lost significant value over the past two years as global commodity prices have declined. The evening will comprise an introduction by Beaufort's specialist mining analyst - Sheldon Modeland, presentations and Q&A sessions with FOUR natural resources companies, followed by drinks, canapés and a chance to share investment ideas with other delegates.

The forum will give private investors the opportunity to hear directly from the senior management of these listed companies, providing an insight into the issues currently facing the industry. We aim to unearth some potentially exciting investment opportunities at the junior end of the market. After such a period of decline, is now the time to revisit this sector?

Companies presenting on the night:

Eurasia Mining (EUA.L)
Ormonde Mining (ORM.L)
Scotgold Resources (SGZ.L)
Anglesey Mining (AYM.L)

Register for your free tickets to attend this event now by visiting www.beaufortsecurities.com/bristolevent or by calling our Bristol office on 0117 910 5500.

[steelwatch] 13/10/2015 11:29

If anyone out there holds via X-O or Jarvis, I emailed them because, although the RI entitlement and excess shares applied for have been added to my nominee a/c, there was no sign of the options, so enquired how these were recorded. Answer just in:

Good morning

Please be advised the Options will be added to the portfolio upon receipt from the registrars, we are expecting a statement confirming the allocations shortly.

Kind regards