Taiwan I.T Share Discussion Threads

[citytraderboy] 05/2/2002 22:56

NEW YORK (AFX) - The April gold contract closed at 299.10 usd, up 9.00 usd
from yesterday's close.
Silver for March delivery closed at 4.39 usd, up 10 cents from yesterday's
close.
law/gc
NNN


For more information and to contact AFX: www.afxnews.com and www.afxpress.com

[20club] 28/11/2001 15:19

Latest Chart from Ofex

[citytraderboy] 05/11/2001 21:47

Ashley,

No !

I'll make some enquires....

and post.

Likewise if you hear anything....

Cheers,

CTB.

[mr ashley james] 05/11/2001 21:43

CTB,

I am a reasonably big fan of JP, do not know how to read this RNS, on one side it says "Kikumbi (Nyakafuru North) licence" on the other it says "which contains eleven north-trending gold bearing reefs, with a total inferred resource of 730,000 ounces of gold at a grade of 6.3 g/t." then proceeds with IMHO very unimpressive soil geochem showing parts per billion.

Is the 730,000 toz inferred resource within TWI Kikumbi licence or is the statement applying to the overall Kikumbi area ie not on TWI EL?

I am slightly confused as to whether the number is on someone else's land results or indeed inferred resources remaining on TWI territory.

Any idea?

Cheers

Ashley


Twigg Minerals plc - Result of Soil Surveys at Kikumbi
Twigg Minerals plc Newstrack Announcements 05/11/01

ENCOURAGING GOLD-IN-SOIL RESULTS FROM KIKUMBI

Twigg has received results from reconnaissance soil sampling at the Company's
recently acquired Kikumbi (Nyakafuru North) licence. The survey has delineated
several gold anomalies.


Kikumbi lies about 35km north of Twigg's Miyabi project and 1.5 km from Spinifex
Gold's Nyakafuru licence, which contains eleven north-trending gold bearing
reefs, with a total inferred resource of 730,000 ounces of gold at a grade of
6.3 g/t.


Twigg's soil geochemical survey investigated a number of abandoned artisanal
gold workings and the granite-greenstone contact running through the licence.
Samples were collected at 50 metre intervals along traverses 200 metres apart.


Anomalous gold values up to 112ppb occur around the areas of abandoned diggings,
as expected. However, the highest values, up to 165ppb, lie near the
granite-greenstone contact. Soil gold values above 30ppb are considered clearly
anomalous in the Lake Victoria Goldfields. Granite-greenstone contacts are
promising sites for gold mineralisation because of the contrasting physical and
chemical properties of the two rock types, so these preliminary results are very
encouraging, especially in view of the proximity to Nyakafuru.


Twigg now plans detailed geochemistry and ground magnetometer surveys over the
anomalous areas, to be followed by trenching and drilling. Reconnaissance
geochemical sampling will also be extended to cover other parts of the licence
area.


J.G. Park
Chairman, Twigg Minerals plc

[END]

PRESS CONTACTS:

John Park (Chairman) Twigg Tel [phone]
Mark Parker (Managing Director) Twigg Tel [phone]
Jonathan Willis-Richards Loeb Aron & Co Ltd Tel [phone]

This announcement has been prepared by and is the sole responsibility of the
Directors of Twigg Minerals plc. Loeb Aron, which is regulated by the
Securities and Futures Authority, has approved this announcement for release.
Loeb Aron is acting as corporate adviser to Twigg Minerals plc and to no-one
else and will not be responsible to anyone other than Twigg Minerals plc for
providing the protections afforded to customers of Loeb Aron or for providing
advice in relation to any investment made pursuant to this announcement.




Source: Newstrack Service

[citytraderboy] 21/10/2001 22:29

9p mid at fridays close...anyone know what size and spread JP JENKINS are currently quoting ?

Cheers,

CTB.

[citytraderboy] 21/10/2001 13:56

Sergei,

Just seen your post....I agree with you i.e. let's catch up with John after the Hereward Ventures PLC [HEV] A.G.M and find out the actual facts on Twigg Minerals PLC.

Also , I'd have to say I agree with Sharecropper i.e. stick with Twigg Minerals PLC.

I'm sure that they'll raise more money , progress successfully with their exploration and by next summer [give or take a few months] will be on AIM.

Their board is strong and IMHO in particular , John Park....the man's not only a good man , but a real winner !

See you on Wednesday....

Cheers for now,

CTB.

[citytraderboy] 21/10/2001 13:39

As stated previously , Mr John Park is in London this week for the A.G.M of AIM listed , Hereward Ventures PLC [HEV] where he is Chairman.

Hopefully , further information about Twigg Minerals will come to the fore.

Cheers for now,

CTB.

[sergei] 21/10/2001 13:36

CityTraderBoy

2 gr/T Au nothing to shout about.
I think I'd stay away from Twigg Minerals and keep them
investments in Afghan bullet-proof vests.

Nevertheless, CMR & HEV better bets IMHO.
I'd like to see you and JohnP again next week.

Cheers,

Sergei

[sharecropper] 21/10/2001 09:57

Boys, thanks for the informed comments above (I misposted a query on the other thread last week, but the above expertly deals with it). I will sit this one out.

Regards,

Sharecropper

[tywocky] 19/10/2001 14:40

Sold these several months back and relieved to have done so. Totally unimpressed by these results which give a rock value of only 18 to 37 dollars per tonne, and the size at inferred of only 150,000 ozs would not justify the capex of a mine. Definitely one for widows and orphans ( in Afghanistan )!!
Regards
Tywocky

[cimac] 19/10/2001 07:11

Ashley,

Can we expect to see your sale go through today ?

cimac

[citytraderboy] 18/10/2001 23:47

Ashley,

The 15p placing was too high , eventhough we didn't then know about September 11th....but 9p to buy looks very tempting for a top up !

Twigg Minerals will be on AIM next year [2002].

Cheers,

CTB.

[mr ashley james] 18/10/2001 23:39

CTB,

Oh dear I am selling!

This is not IMHO going to get off the ground!

BOL

Ashley

PS I am glad I did not get into Frank's placing at 15p, 6p looks like the number!

[citytraderboy] 18/10/2001 23:31

John Park is in London next week....we might all get another update ?!

Fingers crossed !

CTB.

[sharecropper] 16/10/2001 14:49

My broker is quoting from the mm a price of 10p for 50,000 shares, but to be honest, having wasted my employer's time for the past 2 hours, I have decided I will keep all my gold exploration cash where it is - hev, cmr (and - I'm sad to say - a loss-making slug in MNT).

Can anyone explain why TWI is a buy at these levels, as opposed to, say, later this year? Also can anyone confirm the AIM listing is still slated to proceed?

Many thanks,

Sharecropper.

[energyi] 12/10/2001 08:03

Encouraging, but...
"Inferred resources on the property total
2,058,000 tonnes grading 2.12g/t gold"
= less than 150,000 oz.= NO BIG DEAL.
But a good start anyway

[citytraderboy] 11/10/2001 22:52

Thanks , CIMAC.

Any other points of view ?

CTB.

[cimac] 11/10/2001 19:33

"It is also likely that there are gold-bearing zones which do
not produce soil anomalies - two-thirds of Ashanti's Nyankanga
ore body at Geita lie beneath an area with no soil gold anomaly."

That's it in a nutshell really. Miyabi has great potential but
it is going to take time to prove it.

[citytraderboy] 11/10/2001 18:55

www.ofex.co.uk

[citytraderboy] 11/10/2001 18:54

BTW stock down 1p on only 50,000 volume today !

[citytraderboy] 11/10/2001 18:53

Question to everyone i.e. all the resources stocks fans........

Ashley , Cimac etc , etc........

What do you reckon on todays RNS ?

All thoughts welcome........

Cheers,

CTB.

[citytraderboy] 11/10/2001 18:50

Twigg Minerals plc - Results of Miyabi Drilling Programme
Twigg Minerals plc Newstrack Announcements 11/10/01
TWIGG MINERALS PLC
DRILL RESULTS FROM MIYABI

The Company is pleased to announce the results of its drilling programme
completed during August at the Miyabi project area in the Lake Victoria
Goldfields of Tanzania. During the programme, 78 additional holes were drilled
for 4929m. The targets of the drilling included gold-in-soil geochemical
anomalies and extensions of gold mineralisation intersected during Twigg's
previous drilling programme.


The results included intersections of 42m at 2.07g/t and 30m at 2.2g/t from the
Kilimani mineralised zone; 15m at 3.92g/t and 12m at 3.01g/t from the Shambani
mineralised zone, 6m at 4.3g/t and 21m at 1.9g/t from the Ngaya gold-in-soil
anomaly. Geological information yielded by the drilling showed that the gold is
related to shearing in all three zones, but the style of mineralisation is quite
different in each of the zones.


The Company has made an initial gold resource estimation at Miyabi, based on the
relatively limited and shallow drilling completed to date. Inferred resources
on the property total 2,058,000 tonnes grading 2.12g/t gold. Twigg believes
that there is excellent potential to extend this resource by further drilling
within the known mineralised areas and on untested geochemical anomalies.


This news release summarises the geological information provided by the drilling
to date, sets out the principal mineralised intersections and outlines the
Company's resource calculation.


BACKGROUND

Twigg's soil geochemical surveys at Miyabi have revealed seventeen discrete
anomalies within a 7km x 2km gold-bearing region, including four major anomalous
zones referred to as the Northeast, Kilimani, Shambani and Ngaya zones. An
initial drilling programme of 18 holes for 1352m on the Kilimani and Shambani
zones in October 2000 provided promising intersections, including 21m at 3.4g/t;
7m at 95g/t and 16m at 4g/t. The latest drilling aimed to extend the
investigations at Kilimani and Shambani; to test the Ngaya anomaly and to start
to quantify the gold resource on the property.


Under the new programme, 78 reverse circulation (RC) holes were drilled for
4929m, bringing the total now drilled by Twigg at Miyabi to 96 holes for 6281m.
The average hole length was 63m, with the shortest 40m and the longest 108m.
All the holes were inclined at 50 to 55 degrees from horizontal, giving a mean
depth of investigation of about 60m. Samples were composited for assay over 3
downhole metres.


KILIMANI

The gold mineralisation at Kilimani is associated with northeast trending
contacts between interlensed mafic and felsic rocks. Gold occurs preferentially
within the mafic units and in zones of quartz veining within felsic schist. The
felsic-hosted quartz vein zones locally host bonanza gold grades, for example 4m
at 90g/t in MBRC-09 and 3m at 25.8g/t in MBRC-96. Significant drill
intersections include:


DRILLHOLE From (m) To (m) WIDTH (m) GRADE (g/t)
MBRC-05* 27 51 24 2.01
MBRC-06* 30 75 45 2.47
MBRC-09* 39 45 6 51.96
MBRC-29 18 60 42 2.07
MBRC-30 21 36 15 2.65
MBRC-32 15 39 24 2.16
MBRC-35 9 39 30 2.20
MBRC-51 51 57 6 6.39
MBRC-96 51 72 21 4.68
* denotes holes drilled in October 2000

The drilling to date has defined the principal mineralised zone at Kilimani over
a strike length of 300 metres. The mineralisation is open in all directions,
but the greatest potential for extending the resource is in the vicinity of hole
MBRC-06 which intersected 45m at 2.47g/t in a structurally thickened mafic unit.
The thickening is associated with flattening of the dip caused by reverse
faulting.


Similar wide zones of mineralisation may occur in association with other reverse
faults down dip, so Twigg's future exploration will target areas where
lithological contacts flatten. Efforts will be made to provide a more thorough
understanding of the structural controls on the gold mineralisation at Kilimani
and to determine the plunge of the rich zones.


SHAMBANI

The gold mineralisation at Shambani occurs as two sub-parallel northeast
trending zones associated with lenses of banded iron formation (BIF) enveloped
by mafic rocks. Sulphide mineralisation is common and plentiful in both zones.
The area is structurally complex and there is clear evidence of intense
deformation and shearing.


The gold mineralisation in the Main Zone has been traced over a strike length of
about 200m and remains open along strike to the northeast and down dip. The
North Zone gold mineralisation has a strike length of at least 120m and is also
open along strike and down dip. In both zones the gold mineralisation is
discontinuous, though locally very rich.


Significant gold intersections within the two mineralised zones are:

DRILLHOLE Zone From (m) To (m) WIDTH (m) GRADE (g/t)
MBRC-18* North 21 39 18 2.68
MBRC-12* Main 42 51 9 5.28
MBRC-14* Main 21 36 15 4.22
MBRC-82 Main 6 9 3 3.86
and 30 39 9 2.73
MBRC-83 Main 51 63 12 3.01
MBRC-88 Main 33 45 12 2.43
MBRC-92 Main 18 33 15 3.92
* denotes holes drilled in October 2000

Because of the structural complexity of the area, the geological and structural
controls on the gold mineralisation are not fully understood. Ground magnetic
data suggest that many of the contacts between BIF horizons and adjacent mafic
rocks are faulted. These faults may have focussed gold mineralising fluids and
constitute excellent exploration targets. Highly detailed ground magnetic
surveys and a trenching program, followed by further drilling, are planned to
improve Twigg's understanding of the area.


NGAYA

An initial programme of nine exploration holes was undertaken to test the
gold-in-soil anomalies and artisanal workings in the Ngaya or Shambani West
zone. Gold mineralisation was intersected in two zones associated with intense
silicification, sulphide mineralisation and quartz veining within mafic
volcanics. Mineralised intersections included:


DRILLHOLE Zone From (m) To (m) WIDTH (m) GRADE (g/t)
MBRC-19 Northeast 30 36 6 4.30
MBRC-20 Northeast 24 45 21 1.9
MBRC-26 Southwest 27 33 6 2.46
MBRC-27 Southwest 51 57 6 2.76

The mineralisation is open along strike and down dip. The drilling principally
targeted the regional northeast trending structures but artisanal miners report
bonanza gold grades from cross-cutting northwest trending structures. Clearly
more work is needed to understand the local controls on the gold at Ngaya and
Twigg plans a program of trenching and detailed ground magnetics followed by
further drilling.


RESOURCE ESTIMATION

The Company is pleased to announce a preliminary resource estimate of 2,058,000
tonnes grading 2.12g/t, based on the drill results to date. The resource was
estimated using the cross sectional method.


ZONE RESOURCE CATEGORY TONNAGE (T) GRADE (G/T) CUT-OFF (G/T) OUNCES
Kilimani Inferred 1,178,722 2.23 0.5 85,000
Shambani Inferred 682,306 1.95 0.5 43,000
Ngaya Inferred 197,000 1.85 0.5 12,000
TOTAL INFERRED 2,058,028 2.12 0.5 140,000

The resource estimation was made by Twigg's Executive Director Mr Christopher
Davies, who is a geologist with more than 20 years experience in mineral
exploration and resource evaluation and a Fellow of the Australasian Institute
of Mining & Metallurgy. He is qualified as a competent person as defined by the
Australasian Code for Reporting of Mineral Resources and Ore Reserves (the JORC
Code).


COMMENT

Twigg's exploration at Miyabi to date has confirmed the presence of an important
shear-zone related gold-bearing system. The Company has been able to to make a
preliminary gold resource estimation on the property and is confident that this
figure will be increased by future exploration.


The recent drilling provided key geological information and confirmed that the
gold-in-soil geochemical anomalies are in the main associated with bedrock gold
mineralisation. A large part of the 7km x 2km anomalous area remains untested
by drilling, including three quarters of the 17 discrete soil gold anomalies.
Many of the geochemical anomalies coincide with structurally modified BIF, a
rock-type which hosts many world-class gold deposits and are therefore excellent
exploration targets.


It is also likely that there are gold-bearing zones which do not produce soil
anomalies - two-thirds of Ashanti's Nyankanga ore body at Geita lie beneath an
area with no soil gold anomaly.


Clearly there is excellent potential for additional resources to be discovered
and delineated at Miyabi.


J.G. Park
Chairman, Twigg Minerals plc
[END]

PRESS CONTACTS:
John Park (Chairman) Twigg Tel [phone]
Mark Parker (Managing Director) Twigg Tel [phone]
Jonathan Willis-Richards Loeb Aron & Co Ltd Tel [phone]


This announcement has been prepared by and is the sole responsibility of the
Directors of Twigg Minerals plc. Loeb Aron, which is regulated by the
Securities and Futures Authority, has approved this announcement for release.
Loeb Aron is acting as corporate adviser to Twigg Minerals plc and to no-one
else and will not be responsible to anyone other than Twigg Minerals plc for
providing the protections afforded to customers of Loeb Aron or for providing
advice in relation to any investment made pursuant to this announcement.




Source: Newstrack Service