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How big is the exploration team? If we're relying on AJ to oversee the work it's little wonder we can only work on one project at a time. Surely they've not downed tools at BM to move to Lolworth?
ECR Minerals needs revenue in order to achieve a decent market cap. Whilst the ECR team move to Lolworth can not some of the local Blue Mountain landowners assist in exploration and helping with work leading to production at Blue Mountain? A branch of the Aussie Gold Hunters?
Thank you TI.
..........que, mentalmax........they only extended their stay because the digger broke down (sic, in a depressive voice).....😂
.............."We have extended a stay slightly given the positive developments #ECR ".........https://x.com/DDS_DocHoliday/status/1805858136294633910
Where did you get that from TI?
…….looks like they have extended the stay and works at Blue Mountain, I wonder why 😉
That old chestnut Ti 🤦🏻♂️
……sausageonaprick (sorry autocorrect ) don’t downplay small scale production, with a A$80 million tax benefit to utilise any production is going to be very lucrative , anyway good idea to start production whilst exploring 👍
I love his openness and just tell it as it is approach, which maybe the ECR Board are pulling their hair out (obviously metaphorically speaking)
So, according to Adam, they are getting a few more samples this week. Great!!!!!!!!!! More samples to go for testing, yay!!!
Where they are digging now is based on a 30 year old report from the 1980s, where small scale alluvial prospecting took place. It being the last place actively looked at, so the last place people took gold out of the ground. Would it not be better to look in the same alluvial plain but where people haven't already taken the gold out in the 1980s.
Here's the bit I liked the best, Adam said that all other ECR assets were hard rock operations, takes a lot of time, needs drilling and a lot of other stuff. It's good to know that these Blue Mountain alluvial deposits are the assets that are going to be the quickest to exploit, whereas ALL other ECR assets are hard rock and take a lot of time (to exploit).
Whilst I don't wish to to seen as a negative Nelly, I'd like to add that it is positive to see them digging and running a small trailer mounted trommel and sluice plant with a bob cat loading the small amount of dirt they are processing.
I sometimes wonder if he wakes up in the morning and forgets to put his head on the right way and spends the rest of the day giving it a wobble to give the rest of us the appearance he is actually concerned about it. Maybe he should still it up his to see if the elusive gold is hidden up there. Adam our Chief Geologist, keep on digging.
Morning Peeps.........!
"ECR Minerals' chief geologist Adam Jones updates Andrew Scott on the Company's work programs at its Blue Mountain Gold project in Queensland. He also looks ahead to his field trip next week to ECR's Lolworth Gold and Critical Minerals project."
https://www.youtube.com/watch?v=Iy7M288QHb8
All the best (ya welcome....! :)
To be fair Sausage , You're so negative that if we shoved you in to a barrel with ECR written on it that was full of tits, you'd expect to come out sucking your thumb.
You have to go through stages of process to get to an inferred resource....first stage is to identify the gold course and the presence of gold in that course by trenching so you can guide the drills.
As far your 'leaching' theory is concerned, I believe that there is a processing plant nearby which was muted as potentially being utilised in an old interview, so no need to leach.
But as you have (self- stated!) influence on the BOD who knows, they may change their plans ...lol
Decent interview today. Confirmed that planned activities are funded through 2024 and in to 2025. Activity planned in BM, Lolworth and Tambo. Announcements (plural) over the next couple of weeks and discussions ongoing with other parties ongoing and making progress.
….. *scratches chin*……….. I didn’t think pricks had chins 😂…..
Would that be like the company that went bust that did gold mining in Greenland and just before it went bust manage to demostrate an entire gold bar - Like that eh
What is the point of saying they have had 14 years to achieve something when the new BOD has only been in place for 9 months? What has the previous 13.25 years got to do with them?
Also, Blue Mountain is as viable an option as any in the ECR portfolio, especially with a pilot plant available on-site and a willing land owner providing labour and equipment. But they can't drill it until it's been trenched. It's called process. As they conduct said process they are keeping investors informed and demonstrating that their efforts are starting to pay off. Again nothing wrong with that either.
Other firms would simply announce trenching and then go quiet for 6-8 weeks. Leaving investors in the dark.
Damned if you do and damned if you don't.
Ya welcome Sausage.........! :)
tomorrow........? might be a Vid show of Adam based on todays Vid where (I reckon) he states such........! :)
anyways, good to chat.........! :)
All the best (might just see a hand full of Gold, might see a bucket full.....! :()
one trench, 3m deep.......
Thanks Chesh, that puts you in my "gullible, suck it up, believe anything" category.
Let's wait and see the massive amount of gold ECR comes up with tomorrow. *scratches chin*
Thank you Sausage, that puts you in the "non holder, white knight, looking for a lower entry" category then........! :)
and yep, lets wait see what the Blue Mountain results are, along with the other projects........! :)
All the best (we might just see Adam show us some more tomorrow an all........! :()
They have had 14yrs on and off to achieve something
Chesh, I'm a realist, I don't fall for the spin and fluff. I say what I see.
When / if ECR can stop testing and retesting buckets of rocks and move forward, then I'm sure I'll show positivity. Right now they have been spending money, in my opinion, in the wrong places such as my post on Victoria and ECR's licence not having any significant works on it even though there has been multiple gold rushes over the last 170+ years and modern surveying / detecting techniques. I think there was one mine in the North West of the licence that may give better results.
Let's see what the Blue Mountain results are and how they are presented.
Got quite a neg. take on this Sausage haven't ya.........! :)
what is it.......?
The people running it, high average, genuine white knight, looking for a lower entry, or just a weirdo........?
All the best (anything from specs to large nuggets would be what we want to see.........! :()
"Mike says the wash plant is spitting out what we want to see......! :)"
Of course it is, that would be specs / flakes of gold, what Mike doesn't say is how much. My opinion is that ECR know how to word things to suggest a positive outcome (as with any other company) without actually having that positive outcome. You have to read what it states on the page not make unsubstantiated inferences from what is written or said.
Until the measure and inferred by an independent is published, every other result is simply a result of how little/much gold they found at each location.
Putting a plot of land up for sale, is exactly that. No more no less. It's value isn't set by ECR, it's set by how much some one is willing to pay. We could all put out houses on the market for a £100,000,000 each but how many of us would find buyers?
In the first Vid. Adam says about showing us some gold tomorrow....!
I took this as the x2 nuggets in his pan from the same Vid.......! :)
In the more recent interview, below, Mike says the wash plant is spitting out what we want to see......! :)
All the best (might just get another Adam short Vid. with more gold from the 3m deep trench..........! :()
So, just watched the YouTube video. Did make me chuckle.
So apparently there's some Blue Mountain 'results not published when the acquisition was made'. So let me tell you my opinion. In a few days or weeks, ECR will announce that the previous owner's results were A, however ECR have, in comparison to A, results of A++. Oh so much better.
My view is it won't just be the results, but ECR may spin any mediocre new results and potentially say, hey we have improved on the previous owners results. As the video states, the previous owners didn't go down so deep, and I wonder what methodology the previous owners used? Different methodology potentially means comparing results harder.
Did make me chuckle when Mike mentioned 'inferred resource' and 'old timers' in the video. I've said it before on here, this is unlikely to move significantly AND remain higher, without a measured and inferred resource by an independent, and now Mike is mentioning inferred resource, what a coincidence. Weird right?
Anyway, let's see what the Blue Mountain results RNS says whenever it turns up. At the end of the day it is just another set of results.
I'll also add on here, if ECR want to get that very fine gold out from the alluvial, ECR are going to need a heap leach and cyanide. You can have that advice for free ECR, no need to issue me any free shares. Old timers, inferred resource, you gotta laugh 🤣🤣🤣🤣. Let's see how long it takes before ECR start talking about a heap leach.