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@DanO Excellent Tim.
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from ~roughingit,
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@DanO I might write something short on $dbl later this week. Now that they have released that funny PEA.
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@EvenPrime Still looking for a better understanding of the meaning "Down plunge" https://ceo.ca/@evenprime?804093bf1351 @hra-coffin @robmcleod @dano any takers?
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@DanO @Evenprime A plunging anticline or a plunging syncline is one that has its axis tilted from the horizontal so that the fold dips into the earth. http://blank005.tripod.com/geology/graphic/deformation/deformation05.jpg+
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@tim_oliver @DAnO - it's 3h:1v not the other way around.
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@DanO Yep. Figured that out. TY.
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@DanO @nobshere You said: "Well people I have seen enough Cant take anymore Im going to take cover in my bunker for rest of month People that like that idea give me a thumb " You got a whopping 30 thumbs up including mine. What are you waiting for?
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@tommy @Dano be nice! Nobs is trying to moderate
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@nobshere @DanO That was a Test !! You tell em @tommy :))
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@DanO World refined #zinc market in 112,000 mt deficit in Jan-Apr https://goo.gl/AaJGn6
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from ~roughingit,
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Valcovest @DanO $ks good Input! When I looked at ks a few months ago I was of the opinion ks could start early considering treatment of the tailings generating early cash inflow whilst getting the next best historic mine up and running again. Further I was let to belief that some of these historic mines may share the same veins and the geologist, who has been working there for almost alles of his life knows where to go (Locke?). What you are commenting here raises doubts. I am about to visit ks in VC from Europe as I have interest in zn/pb. Is there smthg else you could share which might be important to know? Tks
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@Excelsior @HHorseman - Well everyone should make their own decisions, because I don't really want to convince anyone of anything, and am a strong proponent of everyone taking personal accountability for their own actions. For me the monetary gain just isn't worth the potential environmental concerns that were raised by @DanO in his piece regarding the potential cyanide and mercury leaching into the water and potentially harming the locals. Again, I reached out to the company IR department twice by email and once by phone, to see if these issues had been addressed or if they could comment to their clean up efforts. I even linked a copy of his piece and sited the specific concerns. Nobody ever responded (which wasn't a positive either), so I dumped them. There are no shortage of Gold or Silver companies to invest in that don't have those kinds of concerns. For clarity, if the company would take action on what the consultants advised, to mitigate that area (beyond just throw a membrane over it where chemicals can still leach out), then I'd jump right in to Maya. They have been making good progress and their share price performance as of late has been very good, but I have no interest in making money if others could be hurt in the process. There is plenty of opportunity in the resource space. Ever upward!
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@DanO @Valcovest $ks Bottom line is that they've had that property for a long time but have not managed to accomplish too much. A 100tpd permitted mill, simple metallurgy, a few old mines that could still be worked, skilled local workforce, good prospective and extensive land package but ... no ore & no working geological model. They're not saying that but my sources told me that they've closed the mine(s) because they were not economic at silver below $20/oz (at least in the part of mine that they were stoping those narrow veins). And there is not that much if any blocked ore/resources in the underground. The geo model? They've hired guys from geol survey ... to no avail. Anyways, I can't remember the last time that a PhD discovered a mineral deposit (grassroots/new discovery). Just sayin'. Locke? You see, companies hire consultants but might chose not to listen to their recommendations even if they still keep their names up on the website (because it looks good and impress the retail with their credentials). Or they might not be following their recommendations because they lack funds. There is a main east-west structure but they have to figure out the sources of mineralization and the reasons for having those extremely rich pockets followed by not that much ore, if any, along the same structure. They need to drift on the structure in the U/G but that is expensive and they need some guidance (geol model, etc). I know the camp and I have a few ideas but I'll keep them for myself for the time being. No, there is no silver or other goodies in their tailings as far as I remember i.e. no re-processing of tailings. They've had their tailings ponds inspected and they will have to reinforce them now to make sure that they do not burst and get flushed down the river. There is not that much capacity left though and this can be a problem especially in a mountainous region. The fact that they put together a 3D geol model (for the first time) is positive. Still, even with that picture as complete as possible the outcome depends upon who's interpreting it, you know what I mean :). They will not have the model up until September, which means no catalyst for the stock over the summer. Then they will analyze it, would try to raise more money on its blue sky potential, and then will get back in the underground. I see no reason for the stock to go up over the summer.
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from ~roughingit,
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@DanO $eld acquires $icg. $eld is not exactly a trouble free miner or very successful. And yes, they try hard to extract themselves from riskier regions and build a secure base in Canada. $icg other than their over bloated share structure (not retail friendly) have some problems with their type of mineral deposit and they are readily apparent for some of us. I mean profits from future mining operations in certain parts of their deposits might be questionable. Later.
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@DanO $F 's Chilean mineral properties that they've got from $an (same management at $an $lix $f etc) are not that good that's why they had to move fast and secure other properties. The last deal? I have not analyzed that one yet but one poster said that it was refractory etc. Later.
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Jasond @Anonymous your guess is as good as mine. I feel likely around .40. I too feel most that are in this trade bought into the .55 financing. @DanO wouldn't see why the Chilean properties are not that good like you say. Difference is these new properties one is a producing mine. Just my 2 cents. Fwiw
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Valcovest @DanO thank for that. I will see $ks in about 2 weeks, but currently not very encouraged. For a potential engagement in a junior with medium term physical output I might have to look for an alternative. Ks' weak share price performance despite strong zn/pb price may just confirm their troubles. If you know the area, have you any suggestions? Thanks
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from #ks,
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Valcovest @DanO just for your info, my interest in ks is driven more by a physical metal interest rather than by potential investment, although I normally do both. But here in Europe I have a number of contacts who have a strong interest in the physical.
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from #ks,
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@DanO @Valcovest Interested in physical metals? If it's about gold let me know as I could arrange for the acquisition of large quantities of gold (most likely) below spot price. Can be delivered to Europe as well as far as I know.
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@DanO @Valcovest DM me.
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Valcovest @DanO not gold! If gold is of "good delivery" there are no discounts! Unless Doré but margins are razor thin.
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Valcovest @DanO My interst is in co, zn n lb, co. As concs, intermediate or co sulphate/concs. that's why I'm visiting some companies developers n junior in VC n TO
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@DanO @ocotilloredux re: "It represents a failure of the system to root out the recreational geologists. Vancouver really has not changed." The number of recreational geologists matches the number of recreational engineers, doctors, dentists, etc. And most of the guys signing for mineral resources/reserves in those reports are PEngs not PGeos. And they love statistics more than geology. They usually know less about geology (if anything at all) than about numbers. And they might be preoccupied to keep their client happy. That being said the $pvg report was not signed by a simple consultant (like the funny George did for $bgm a while ago) but by well-known consulting groups (the statisticians work for them and have been vetted by them and their results validated by the group). I am not defending them big consulting firms just sayin' that if problems arise at the new Pretium mine then I will first blame the firm then the PEng (even though I will write down their names for I might come across other reports that they've worked on and I will have to be careful) @Tim_Oliver care to weigh in?
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@DanO @ocotilloredux Yeah, we should. Again, I am not taking $pvg side. I did not have time to study their report. And there were problems as mentioned by you guys. Just saying that we should be discussing the large consulting groups competence and ethics. Cheers.
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@DanO @ocotilloredux Too many orebodies in SK?
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@DanO I wrote about this subject many yrs ago when I dealt with different kind of man-made #earthquakes. This is to a point similar to reservoir induced earthquakes (i.e. you build the dam then you fill it up but the weight of water makes the land shift on the faults and voila earthquakes; it happened at Hoover Dam & other locations). Other studies from monsoon stricken India indicated that you will get earthquakes a certain number of months after the massive rainfall which raised the possibility of water traveling down the faults and lubricating some of them thus reducing the friction that locks them in place. Nice research subject: "Shifting water weight can trigger small earthquakes in California" http://www.sciencemag.org/news/2017/06/shifting-water-weight-can-trigger-small-earthquakes-california
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@DanO Fatal bear attack reported at Pogo Mine; 2nd person injured. They were doing geological work. https://goo.gl/mVm8xf Get some guns people!
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@DanO @CriticalInvestor Yeah, that's well documented. In the US and Netherlands (land subsidence caused by oil and gas extraction). Curious that the govt does not pay for damages.
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@DanO There will be gold in $adz 's recent drill intersections. Period. Not a lot as the average grade for the adjacent mine was 5 g/t so calibrate your expectations. But hopefully you can build something from these drill intersections. Anyways it would be good if Mark would write a more detailed nr explaining a little bit the context (host rocks, etc) for the mineralization.
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@DanO $adz. It is not good to raise expectations before getting the assay results. I wouldn't have said a thing but I see some of the posters planning in spending their future Adamera winnings on exotic vacations at Bora Bora ... well, generally speaking make sure that you go to Bora Bora and not Tora Bora, if you know what I mean. Yeah, 5.5 g/t over decent widths in subvertical orebodies hosted by competent rocks w/o too much water seeping in can make mining feasible down there. Of course that there are other parameters to look at before deciding but first pass exploration results look good. They might be finding 5.5 g/t in avg at Overlook but it means nothing for the other targets because some of them could be way richer i.e. Bananas and the other targets. Btw you can have assays of 1.5 g/t to 8.9 g/t in this first intersection but it won't matter as long as the average (of many more holes to follow) would still be 5 or 6 g/t gold. That being said this is a co that worked the ground really good. They know what they are doing. They are pros. They have been doing that for a while and completed the right surveys so results should be good, generally speaking. Now, they have delineated different targets and when I say different, they are different. Size, type of mineralization, host rocks, age, grades, ozs in da ground. When I said that it would be good to have more info in their news releases take the last one re Overlook for example. Down there, if my memory serves me right, there were two different mineralizing events. One deposited the massive magnetite + sulphides (no gold) followed by a second event (might be millions of years later) that used the same faults etc (ground preparation) to bring in the goodies i.e. quartz + gold in veinlets, stockwork, disseminated that were mostly located in the hangingwall of the 'fault' that hosts the magnetite mineralization. So if Mark were to say that this is the model, and they have collected separate samples for the massive mineralization (magnetite+ sulphide + some more recent gold) and the hangingwall (quartz stockwork + sparse sulphides + gold, even though no VG) and that the host rocks are the same as at the adjacent mine then I would have been 100% that this intersection is a winner. Nevertheless I think that they hit it good (at this target; one of many)! Anyways there are many more targets to be drilled and they would find more gold, imo.
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@DanO @MiningBookGuy Seriously, the fact that a CEO is 'excited' carries less and less meaning. I am not talking about your co. Have you ever counted how many nrs have the word excited connected to the CEO? A lot. If I were to write down nrs I would use other synonyms - delighted, enthusiastic, thrilled (lol), fired up, ... aroused. :)
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@MiningBookGuy @DanO - for the record, i just cut and pasted the video title, like i usually do when i post youtube videos. i don't own shares in $AVU. But I agree with what you're getting at with your comment :)
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@DanO $ola Camino Rojo mineral resources constitute 75% of the total reserves + resources and were estimated at $1,400/oz Au & $20/oz Ag.
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@DanO American #Zinc Recycling's long-idled Mooresboro zinc plant in North Carolina is not expected to reopen in 2017 https://goo.gl/edPjQD
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@DanO There is something in that little pit http://cdn.ceo.ca/1cko887-pebble.jpg+
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@DanO Throwback Friday: 2008 Prospecting. Followed the creek upstream but got into a dead end. http://cdn.ceo.ca/1cko8r0-Waterfall.JPG+
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@DanO Throwback Friday: Getting on my mineral claims (Sept solo bush work) https://www.youtube.com/watch?v=ZfWsKSCn6ww+
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@DanO Macquarie bank faces class action over advice on worthless Brazilian mine project http://www.smh.com.au/business/markets/macquarie-advisers-ploughed-clients-into-worthless-brazilian-mine-20170619-gwu2m0.html TY #ikn.
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@DanO Swiss #gold exports jump 39% to 170 mt in May on Indian demand, a five-month high https://goo.gl/Q5MGrC
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@DanO You see the labs are moving fast if they smell $$$. I just asked for a quote for a bulk sample and they've already called me. Let's see how much money they need for that. And mineralogy, etc. Cannot stop smiling though. The guy asks me if it is going to be coarse. Well buddy I need to blast it so yeah it needs some crushing. Btw the first explosive charge (TNT) that I've ever blasted was in the Army. I was 18 and it was sooo cool:) Then I put a charge in a pond. For fun. The blast emptied the pond. The water and whatever else took it to the clouds but then came back and landed on my fellows. They tried to run away but to no avail :)
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@DanO I was thinking in staking this http://cdn.ceo.ca/1ckrlrs-Au.jpg+ Any takers? Juniors not ppl. Gold. I zipped through the area once. Very nice gold reported there by old timers. Dug out a few interesting things from archives. We would need to do a few surveys. Nothing too expensive. I can do them. I and a field assistant. Mail me at DueDiligenceMining@yahoo.com
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@DanO “The cheaper the crook, the gaudier the patter.” Dashiell Hammett, The Maltese Falcon
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@HRA-Coffin Bit light on detail if you want someone to stake something there @DanO. I mean, nice outcrop picture and all but I think you might need a few more specifics to get someone interested.
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@DanO I will discuss it in detail with an interested party. I am just getting to the bottom of a lot of reports and work that flooded me the first months of the year. Now that I see the light and I know that I do not have anything urgent planned for the next few weeks I can finally start planning some fieldwork for myself. I have other fieldwork scheduled i.e. for others but not right now; I need them to show me the money first then I'll hopefully be able to hire helicopters & people with chainsaws, rocksaws and climbing ropes. Being close to completing my office work I started looking around on the maps, going thru files etc. This could be a good property nice grassroots discovery. I have a few things on it. Looking for a sugar daddy.
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@HRA-Coffin LOL Ok @DanO. But if you want that nice apartment and allowance, you've gotta "put out"...
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@DanO I will.You only make the guy with the fat wallet look this way. Well, like I said not that fat. This would be relatively cheap to figure out. I am not looking for a deeply buried treasure. Gold was found in historic works by old timers right there on the claims.
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@DanO It is likely but not very likely that I will have to jump on a plane and go to a mine on another continent to do some dd on it. But the agreement has not been signed yet so in a few days I should be able to clean the rifle, get some maps, bags n tags and head out i.e. if there would be interest in my proposal. Let's find us some gold. And shed some weight :) Frickin NY steaks and cold beer can damage your waist ppl.
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@DanO Sounds good Eric. I would have to complete a paid job first. That would be done Mo. Tue & Wed I will read a few things then I will work on a presentation for this little project. Well I have a few little things to do in between like going to court for disputing a fine for distracted driving LOL. I wasn't even driving but the tool gave me a ticket. Thu & Fri I will be available for sure. I'll pm you. TY.
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@DanO I might be available and ready to discuss this project sooner but I'll let you know in advance. I won't be taking any more (urgent) office work (dd, etc) for the time being. I need to get out of town and do some outdoor work.
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