Trans-siberian Gold Share Discussion Threads

[ukgeorge] 02/11/2020 08:35

can't get a quote for any more :(

[ukgeorge] 02/11/2020 08:08

8368 @100p is me :)

[jeanesy] 30/10/2020 11:37

yes george that is nearly 16,000 oz from the upper levels of the underground development .. very nice indeed ! i am looking for a push into the 100's again if the POG begins to firm again .

[ukgeorge] 30/10/2020 11:12

Its such a nice RNS to read. I love these bits

-- Selected results from ongoing surface drilling[1]:
o 1,305.4 g/t Au and 614 g/t Ag over 0.8 m Hole ID C2098
o 159.5 g/t Au and 120 g/t Ag over 5.0 m Hole ID C2105
o 32.3 g/t Au and 102 g/t Ag over 10.6 m (2) Hole ID N005

Extent of V25N now increased to 700 metres laterally and 325 metres vertically
V25N still remains open to the North and at depth

We look forward to updating our JORC-compliant Mineral Resource Estimate statement at the end of this year


Recently, underground development in the upper levels of V25S produced 22,740 tonnes of ore giving a final grade at the mill of 19.9 g/t gold. This bulk sampling was done in an area where the MRE estimate grade averaged 12-18 g/t Au. This clearly confirms the consistency and the low nugget effect of the gold in this part of Vein 25 and is a good indication of good future recovery in the rest of Vein 25.

Vein 25 (V25N & V25S) is quartz vein usually sub-vertical and dipping 80 to 85 degrees to the East. It pinches and swells, sometimes quite rapidly, but is reasonably well defined by a drilling grid of roughly 50m x 50m over 1 km laterally (North-South) and 350 metres vertically.

[ukgeorge] 30/10/2020 08:17

I've just added 5k @98pRoll on it being a bonanza quarter of production

[jeanesy] 29/10/2020 11:12

I cant believe the price here. Sadly i topped up first thing yesterday. I would have loved to be buying this morning but tiomed things wrongly by 24 hours. He ho that is life . Hopefully paying an extra 5p wont matter in the long run !

[desha] 29/10/2020 10:48

Get behind in the queue UKGeorge. Hope your payday is after mine ;-)

[ukgeorge] 29/10/2020 10:43

Great spot Desha, but please keep it quiet I'm waiting for pay day to have a few more :)

[desha] 29/10/2020 10:02

From the RNS:

Recently, underground development in the upper levels of V25S produced 22,740 tonnes of ore giving a final grade at the mill of 19.9 g/t gold.

That's nearly 16k ounces of gold! Am I missing something or is that about $30m revenue in near future (assuming they process all the ore quickly?) Just from V25S

[fozzie] 28/10/2020 19:34

Imagine releasing grades like that and being down on the day. I still say the largest shareholder hangs over the share price like a damp squib. Constant small selling just makes any rise difficult. Why cannot the company organise a placing to take however many they wish to get rid of at 100p, seems very simple to me?

[corrientes] 28/10/2020 15:02

It's just deferring a bit of a rerate, so no worries from me.

[klosters65] 28/10/2020 14:55

Unfortunate day to report such good results.

[ukgeorge] 28/10/2020 09:51

Going to have to buy some more of these, stunning drill results.

[leopoldalcox] 28/10/2020 09:24

Those are some grades!

[mattjos] 28/10/2020 08:33

V25 is turning into a very substantial new asset & still open to more discovery

[paleje] 28/10/2020 08:30

FTSE well down dampens sentiment, seems they want stock though.

[jeanesy] 28/10/2020 08:08

Very tight spread now too 100/101

[jeanesy] 28/10/2020 08:02

very subdued start considering the news

[jeanesy] 28/10/2020 07:47

Bonanza :)
Great timing tom111 !

[p@] 28/10/2020 07:38

Some Bonanza grades from RNS

Selected results from ongoing surface drilling[1]:
o 1,305.4 g/t Au and 614 g/t Ag over 0.8 m Hole ID C2098
o 159.5 g/t Au and 120 g/t Ag over 5.0 m Hole ID C2105
o 32.3 g/t Au and 102 g/t Ag over 10.6 m (2) Hole ID N005
o 51.1 g/t Au and 84 g/t Ag over 2.4 m Hole ID C2099
o 63.4 g/t Au and 448 g/t Ag over 0.8 m Hole ID C2111
o 37.8 g/t Au and 94 g/t Ag over 1.8 m Hole ID C2109
o 32.4 g/t Au and 204 g/t Ag over 1.7 m Hole ID C2117
o 16.2 g/t Au and 335 g/t Ag over 3.4 m (2) Hole ID N002
o 18.4 g/t Au and 519 g/t Ag over 2.6 m Hole ID C2100
o 15.1 g/t Au and 225 g/t Ag over 2.9 m Hole ID C2110
o 14.7 g/t Au and 37 g/t Ag over 2.6 m Hole ID C2092A
o 10.7 g/t Au and 14 g/t Ag over 3.3 m Hole ID C2097

The gold is very finely disseminated in the veins, usually as a sub-microscopic dust, with only few intersections showing visible gold. This style of gold distribution is usually less prone to nugget effects and is expected to have good recovery at the mill.

[tom111] 26/10/2020 10:18

Got back in a bargain imo

[corrientes] 23/10/2020 16:34

This drop doesn't make a lot of sense to me anyway, unless it's to scare investors into selling for some positive exploration announcement shortly. So soon after the quarterly though, seems to rule that out. Maybe it's just stale bulls seeking pastures new.

[metis20] 22/10/2020 11:02

"The Group has continued with exploration drilling near-mine and proximal step-out targets in the vicinity of the Asacha Gold Mine. Additionally, an aeromagnetic survey was completed over the Asacha licence area with the objective of identifying new exploration targets. The Company expects to report the outcomes of these exploration activities shortly."

[mattjos] 22/10/2020 09:19

Yes, Vein 25 grades look very impressive. Still seems to be plenty to go at in Asacha, let alone Rodnikova