Sidney Resources Corp (SDRC)

[surrealistrader]

Yesterday and Yes. I am Me.

It is not entirely clear if the thesis is that of management and Steve's investigation is being carried out at their request, or if he himself is the source of the thesis entirely and is investigating his own suspicions. Either is possible based on his work at Sweet Grass.

[gitreal]

Can you clarify when this conversation occurred? This morning? Are you the "me" in this conversation?

[surrealistrader]

Sean (CEO) on Meteorite Thesis and Steve Dobson:

Sean reached out to me to comment on some of the research I was sharing concerning the possible magmatic or meteoritic origins of PGM's in central idaho or the Idaho Batholith. I have since deleted many of these twitter posts of mine because they are extremely inferential and do not explain even foundationally as to why some of these XRF readings are so high in iridium, nor the implied ubiquitousness of PGM's across their claims. I will quote below because I think it is important to the conversation here:

Sean: "Nice work with the meteorite research. Dan, Steve and Guy have had a lot of discussions on it and believe it is a fragment impact from 67 -69 m years ago" .... "Steve thinks it's part of one that hit the Montana basin."

Me: "I am curious about Steve Dobson's background. I have not been able to find any information about him online. Does he have any PG or other geologist accreditation(s) that can be cited?"

Sean: "Steve graduated from Montana Tech with his degree in Geology. He was a State Geologist for Montana for over 10 years. He has worked as a field geologist for over 35 years. He has worked in mining, oil, and gas exploration. His specialty is gold mining operations and he worked with platinum group metals at Sweet Grass Hills Montana on the Gold Butte Project. Dobson's work in this area involved geological mapping and resource assessments, contributing to a better understanding of the mineral potential in the Sweet Grass Hills. His expertise in managing complex ore systems was crucial in evaluating and developing the mineral resources in this region, particularly focusing on the minor but historically significant gold and silver deposits."

Sean:"Steve was really instrumental here in looking into a meteor strike and platinum group metals as the reason behind the low fire assay numbers. He did extensive exploration throughout the area in the evenings looking at rock formations and started to see signs of a meteor strike."

Steve Dobson is the contracted geologist working at Sidney currently, employed by Western Frontier Mining Services. I am inclined to believe that the geological basis for PGM's is being investigated, but the puzzle remains incomplete. Nevertheless, what they have found out is enough to warrant investment of the company's time and resources in order to exhaust. I would like to take a step back from this precariously steep speculation we have found ourselves in and allow the company to come up with something more official concerning this subject, backed by redundant results of multiple analytical modalities, ie: lab assays, etc.

I remain very certain that this "foray" doesn't indicate anything wrong with SDRC's endeavor to sell gold. I believe it is just the opposite. They are handling such a large amount of money in the form of concentrates, that they feel the obligation to investigate and exhaust any and all possibility of leaving value on the table at sale; a process, if neglected, that can mean a difference in millions to many millions of dollars. This particular meteorite matter has snowballed into something that if taken to a breakthrough conclusion, can dramatically alter our understanding of the region and its geological past, possibly, in turn, attracting renewed academic interest (which may possibly also bring renewed economic interest) to the surrounding mining districts.

[gitreal]

It is definitely not a "rock". Is somebody saying they found that slaggy chunk of smelted metal in an ore pile in the woods??

I am suspecting some shenanigans going on, things are more and more squirrely the more I look at this.

[surrealistrader]

There must be some explanation for how that rock got there and why those iridium concentrations are so high.

My first impression from the way it looked also was that it was poured.... That still doesnt explain how it got there and why there's so much iridium in it.... nor does it explain ores being tested are "consistent" with one another (Between underground adits and stockpiles) if such a thing was found in that pile.

[gitreal]

I'm back, thanks for waiting! It took 2 minutes, and half a dozen articles popped. Here's another one: https://repository.hou.usra.edu/bitstream/handle/20.500.11753/1583/LPI-000755.pdf?sequence=1&isAllowed=y

1-2 ppb iridium. Scientifically very interesting. But nothing whatsoever relevant to the XRF reading of that chunk of "ore".

By the way, I saw a picture of that chunk of "ore", and it is not ore. It is a slug of smelted metal. Not representative of ore, from anywhere. Not a rock either, nor is it ore. It is not natural, it is man-made.

[gitreal]

K/T boundary clays have iridium in the low ppb range, first article I pulled up. Even that is considered an enrichment over crustal abundance, and even enriched relative to other clays. It is important stuff, and very interesting.

But iridium in the percent range due to the K/T boundary (somehow, still waiting on an explanation) - nope. One percent is 10,000,000 ppb, just in case you were wondering. 8 percent would be 80 million ppb. So, please, don't keep prattling along about the K/T boundary somehow being responsible for the 8% iridium that the XRF found in that "ore" - it is just not relevant.

The concentration levels of iridium in some laminations of the Yarmouk sediments ranged between 1.6 and 7.8 ppb.

https://www.sciencedirect.com/science/article/abs/pii/S1464343X16300826

[surrealistrader]

Do some serious research and come back, Gitreal.

No more guesses. No more poop flinging just because. I don't want any more knee jerk reactions like you've been giving me so far. I want serious research. Go read some some academic works, suspend disbelief, and put your brain to work as to how that rock could have gotten there. Come up with a reason that's not the same old "it must be fake because its OTC."

[gitreal]

The presence of iridium at 8.16% in the sample is highly unusual for terrestrial rocks,

"Unusual" implies something rare but has been documented before. It has not. Nowhere close. Not in terrestrial rocks and not in meteorites, of any kind.

If you said "unique", you'd be more accurate.....if you had an assay from a real lab, with a certification from a qualified geologist. Sadly, you don't.

the idea that a sample from the Idaho Batholith might exhibit high concentrations of iridium similar to those found at the K-T boundary is a fascinating proposition, not to mention the most geologically sound explanation presented so far,

How is that an explanation? And geologically sound? You gotta be kidding.

And that KT boundary - what's the iridium concentration in those rocks? 8%? 1%? I'll have to do a little research but my guess is waaay less than 1%.

Yup, this PGM/REE/meteorite promotion is sheer bullshit. And I strongly suspect it's nothing but a diversion from failed gold recovery efforts. Investors have probably been asking about why no gold has been produced....hey, look over here, we got PGM's, and other goodies!

I don't mind being labeled a bully, by the way. Promoters like you need a little ass-kicking once in a while.

[surrealistrader]

Follow-up Research on Terrestrial Iridium Concentrations

Gitreal: You are a bully, especially when it comes to geology and measurements. The man said what he said. The assays and technical reports for the Walla Walla project are available to view online and are in some ways more thorough than the Lucky Ben. Rest assured it was sampled and measured properly, and is more than representative enough of the resource that was sold given the valuation at sale.

The presence of iridium at 8.16% in the sample is highly unusual for terrestrial rocks, including those typically found in geological formations like the Idaho Batholith, where SDRC's sample occurred. Iridium is indeed rare on Earth's crust due to its siderophile (iron-loving) characteristics, which caused most of it to sink into the Earth's core during the planet's formation. However, iridium is notably more abundant in meteorites, particularly in certain types of meteorites known as iron meteorites, but even this does not fully explain SDRC's steeply anomalous sample.

Iron meteorites, which are composed primarily of iron and nickel, can have iridium concentrations that vary significantly but are typically in the range of parts per million (ppm) to 0.5% by mass. However, even in these cases, 8.16% would be extraordinarily high. Stony-iron meteorites (pallasites and mesosiderites) also contain iridium, but again, the concentrations are much lower than what was reported by SDRC.

On Earth, high iridium concentrations are generally associated with layers in the geological record where large meteorite impacts have occurred, such as the K-T boundary, which is marked by a thin layer enriched with iridium, leading to the hypothesis of a massive impact event (such as the one that led to the extinction of the dinosaurs).

In my opinion, the idea that a sample from the Idaho Batholith might exhibit high concentrations of iridium similar to those found at the K-T boundary is a fascinating proposition, not to mention the most geologically sound explanation presented so far, aside from (dare I egg you on) error or fraud. The K-T boundary is primarily known for its high iridium levels, and can be found at various points around the globe, indicating widespread deposition of extraterrestrial material from the impact event. To date, there are no well-documented impact craters associated with the Idaho Batholith, but there are lesser documented ones such as the Beaverhead Impact Structure (crater over 50 km in diameter.) Studies of central Idaho's geology have mainly focused on its magmatic history, mineralization (especially of elements like gold, silver, and lead), and tectonic evolution. There hasn't been widespread reporting or identification of iridium-rich layers akin to the K-T boundary within this region, but just because there's an absence of documented iridium anomalies similar to the K-T boundary here, it does not entirely rule out their existence. Geological anomalies can go undetected until specifically searched for, especially in less thoroughly studied or difficult-to-access areas like these.

SDRC has a monumental undertaking before them, wouldn't you say? Something requiring great care, time, money, perhaps the recruitment of cutting edge technologies like like ICP-MS (Inductively Coupled Plasma Mass Spectrometry) to survey the broader area.... something that could provoke a massive response from the academic world and dramatically change our understanding of the region. Something if found to be of economic value that could provoke renewed commercial interest to the surrounding mining districts....

[gitreal]

That's too bad that as a mine owner and presumably knowledgeable about geology and mining that you won't even comment on the current PGM/REE/meteorite promotion.

No, I won't say anything good about this company because they have never presented anything credible or believable. I don't accept tweeted pictures of an XRF readout that gives iridium concentrations that are not geologically possible. That's just nonsense.

[Elkman1]

Im not going to get into a pissing match with you as you have never said a positive thing about this company. Just watch and see. you are going to miss out on something big.

[gitreal]

So maybe you can enlighten us on how that 13 oz/ton sample was collected? Channel sample across the vein? Or a grab off the dumps? Any technical reports available - maps, cross-sections, etc.?

How about that PGM/REE/Meteorite stuff - what do you think about all that?

[Elkman1]

I owned and sold the Walla Walla to Sidney Resources Corp. These values are consistent with the ones we collected. The mine has an adit and is ready to go. With a vein documented to be .5 miles long and 2 hundred feet (at least) deep with 3 other structures identified. The mine is located across the ridge from the old Golden Anchor, one of the richest historic mines in central Idaho.
This mine is for real. I sold it to Sidney because of their management team and ability to get funding. I trust them and they have been great to work with.

[gitreal]

If PGM mineralization remains inconclusve, then so what?

Why would it remain inconclusive? It's either there, or it is not. A simple assay can determine that. Instead of doing that, SDRC management continues to issue posts on X promoting something they refuse to properly evaluate.

As for the 13 oz/ton gold assays from Walla Walla....who collected that sample, where was it collected, how was it collected, and what assay lab? That's a pretty remarkable assay....how about the company back it up with some facts?

[surrealistrader]

Expecting updated lab assays of all their properties.

In addition to the large amount of gold and silver being processed for sale as we speak, they seem to be investigating the addition of other rare minerals on their properties. This was spurred by a series of anomalous XRF readings shown to us in May, and yet to be released lab assay reports possibly confirming PGM's in some of the stockpiled ores. Not only are they looking to confirm what may be a PGM resource in the claims associated with the stockpiled ore, but in all of their underground mining claims, including Walla Walla which is 10 miles north of the Little Giant / Lucky Ben projects in Warren. The investigation of PGM's, who's geological basis for remains ambiguous at this time, suggests that SDRC believe they may find out something that 150 years of assumptions and information gathered about this region failed to notice.

If PGM mineralization is confirmed, that would be something extraordinary, and would attract renewed academic and economic interest to the region.

If PGM mineralization remains inconclusve, then so what? We move on and sell our gold. SDRC moves on into their already assured bright future.

Twitter Post - 2024-07-09 - Sidney Resources Corp. - @SDRCMINING

In collaboration with @forestservice, we are currently developing the operational plan for the Walla-Walla Project. $SDRC : https://sidneyresources.com/walla-walla

47 claims make up the Walla Walla group, of which 3 are near production readiness. These claims complement the 24 existing claims surrounding the Little Giant Vein at our Warren District Project. https://sidneyresources.com/warren-district

As we continue to collect samples from the Walla Walla, we have observed similar materials to those found in the stockpiled ore and the Little Giant. This is something we are working diligently towards confirming.

#Gold #Silver #PGMs #Idaho #Invest #America

Twitter Post - 2024-07-09 - Sean-Rae Zalewski - @SeanRaeZalewski

$sdrc more #gold highest assays at Walla Walla are 377 grams per ton or 13.3 ounces per ton of gold.
#miningstocks

[Hawkeye_tt]

Business story growing fast. Sales contracts close. Buckle up !!

Hawk

[surrealistrader]

You still fail to see what makes SDRC special.

Gitreal: Just to clarify, your attempt to invalidate the company's value proposition, whether its on a mineralogical or de-risking basis, and presenting criteria that investors ought to use to filter their portfolios, is very much indeed investment advice.

Technical reporting prepared by licensed geologists, SEC reporting, drill logs, audited financials..... Every one of these, in essence is aimed to assure and please investors and financiers, and is very expensive. None of these are required to list on OTC. You forget that this is start-up investing and that these companies are pre-revenues. SDRC must get as much done as circumstances allow, in pursuit of their goals of attaining revenues as possible, without taking on unneeded expenses. This is what they have done and continue to do. They are alive. Dilution remains minimal and is outpaced by growing shareholder-base. They are closer than ever to revenues. The evidence overwhelmingly suggests that this is the right path for this company. So if SDRC is financed to production (which they are), and has a growing shareholder base (which they have), they very much should wait to do all these SEC, 43-101, compliant stuff when cash is flowing from gold sales. In my view, this is a product of a management that is incentivized towards shareholders and the long term success of this company.

Its a constant balancing process trying to please the risk-assessor mining-industry types (like Gitreal) just enough to get by, while promoting just enough to create investor interest, while doing things as cheaply and efficiently as circumstances allow lest they have to dilute their share structure at the expense of shareholders.

The main reason why SDRC is special, is that SDRC, unlike so many mining companies listed on stricter exchanges who make it more prohibitive and precarious for shareholders just to stay listed, who find themselves in dilution and debt sprirals, who fizzle out long before production could even take place, who hire big shot managements who take huge salaries, who dump money into drill campaigns, rounds of feasibility studies that take years, unfavorable financing terms, all kinds of other things...... SDRC has a chance to attain production by taking a straight and narrow path cheaply and efficiently, while preserving shareholder value.

They have the gold, they know they have the gold. They just need to get it out and sold. Remarkably, in 4 years the company went from a boarded up hole in the ground, to now processing, and accumulating sales agreements which will consummate by the end of the year. Money will flow, early investors instead of their amortization reward will get a dividend, and the company will soon be a revenue producing mining company. They will then evaluate what kind of de-risking, next level, exchange compliant type stuff is appropriate. All in due time. SDRC is doing it right for their BUSINESS, and this in a way is revolutionary.

[gitreal]

What advice nobody should have any business taking from you, though, is investment advice.”

I don't give investment advice. Have I ever told any investor here to sell, buy or hold?

[MrPuff]

LMAO!

“What you do have is extensive shit-talking experience. For this you will be renowned by other shit-talkers, who then may take shit-talking advice from you, emboldened by your many years of gathering shit-talking experience. What advice nobody should have any business taking from you, though, is investment advice.”

[surrealistrader]

I didn't know that. Follow up research!

It looks like the majority of the worlds REE supply is indeed mined, and they come from the minerals Bastnäsite, Monazite, Xenotime, and that of Ionic Clay Deposits. It looks to me that Bastnäsite is what is most likely found in United States of the 4, but this assumption differs from that of the elements listed by SDRC: Thorium is known to be found in Monazite, and Yttrium is known to be found in Xenotime and Ionic Clay Deposits.

Correct so far, GIT?

...And an aside as to why its important to investors to realize that you have never had anything positive to say about any stock whatsoever:
Investors investing their hard earned money should necessarily take investment advice from other investors more experienced than them. They are emboldened by the fact that those people they take advice from have made money and continue to make money for having made those investment decisions that are to be relied on for their soundness, informed by experience. Gitreal, you have no investing experience, at least none you will admit to. What you do have is extensive shit-talking experience. For this you will be renowned by other shit-talkers, who then may take shit-talking advice from you, emboldened by your many years of gathering shit-talking experience. What advice nobody should have any business taking from you, though, is investment advice.

[gitreal]

I know the majority of REE production is not from primary deposits, but a byproduct of industrial production, refining, and recycling.

Not true.

[gitreal]

No, he's not wrong. But I don't understand why it matters.....this board is to discuss SDRC, its operations, its management, etc.

You like the PGM/REE/meteorites promotion? Pretty cool, huh?

[MrPuff]

Maybe you can answer his question about why you haven’t said anything positive about any publicly traded company.

Is he wrong?

[gitreal]

You agree with me, agree again, and then again, and again.

Yet you are still willing to give these hypesters the benefit of any doubt, no matter how bizarre and unlikely their promotions get.

I look forward to SeanRae's next X post.

[surrealistrader]

Say 1 good thing about 1 good company, Gitreal.

I've never seen you say anything good about any public company, ever. It's like it hurts you to do anything but the pathological shit talking. Can you at the very least angle your speech towards constructive criticism? If you wish to have a stimulating conversation beyond insults to eachothers intelligence, I'm not sure any more of this "Ive won, you've lost" bullshit is appropriate.

"company has never issued credible assays in a credible technical report" .... "posts on X where the CEO references the COO referencing an unnamed geologist who says "if"" .... "They have a consulting geologist on board, right? How about that geologist write up a little report with all the assays they've generated so far. Maybe some geological maps of the workings? A cross-section or two? And have him sign it and stamp it with his registration. "

I 100% agree. More substance. More hard data from the source. Cite accreditation, if any. Technical reporting. More transparency.

To the company's credit, this is a start up. All they had was a boarded up hole in the ground 4 years ago. They are doing things as cheaply and efficiently as circumstances allow, and getting an enormous amount of stuff done relatively speaking. ...And when money begins to flow, I would not doubt that the PG and properly cited technical reporting, SEC compliant, 43-101 compliant stuff starts flowing too.

"I'd like to hear an explanation of how "meteoritic material" got mixed in with piles of forgotten ore recently found in the woods? And I'd like to hear how iridium got enriched in the material"

I sure as hell want this too. It seems to me that NOBODY knows how it got there because no geological basis has been presented, (nor assumed, which surely would have informed the exploration of years past) besides the extremely remote possibility of it being meteorite fragments. Its only a potential rabbit hole that hasn't even begun to be explored, and it can end at any moment when assays come out.

no meteorite, no rock, no mineral has ever been found that has iridium at 8%

If this is true, either I or someone else has misinterpreted the XRF readouts. Could they be erroneous? Nevertheless, SDRC has resorted to additional analytical methods, like they should. They have said in filings that they don't believe XRF readouts are proof of anything, but at the very least the findings should warrant further investigation.

I'd like to know how these guys managed to find PGMs in their "ores" in a mining district where PGMs have never before been found, and the geology is not conducive to having even trace amounts of PGMs.

You and me both. I look forward to this mystery being put to bed. like I said earlier, what they are supposing strikes at 150 years of assumptions and information gathered about their region, in a dramatic way. It seems to me that the company is trying to eliminate other possibilities before determining that they came about from prehistoric magmatic activity, Mafic-Ultramafic intrusions like the other known PGM deposits on earth. I, personally, don't get why they are doubling down so hard on these PGMs if not for actually finding something of economic value to exploit. There is no need to provoke excitement for PGM's when the company has so much gold about to be sold. If you're saying that PGM hype disqualifies the company's credibility concerning gold in your view, then the company shows no regard for it, and nor are investors heeding such a view either.

"I'd like to know if their geologist understands that REE are present in just about any rock type, anywhere, at some level. It's called background concentrations.....crustal abundance of REE is well documented, and their geologist should (and probably does) know better."

One would assume that most would know that.. but perhaps it is not common knowledge as I would assume. I know the majority of REE production is not from primary deposits, but a byproduct of industrial production, refining, and recycling. This is why I never considered SDRC's mention of REE's to be of economic importance, ever. These elements exist virtually everywhere, so ubiquitously that sensitive welding operations need to be extra careful not to introduce contaminated materials into their work environments, pigments in paints, pens another example, many of which are corrosive. I know this because I have professional experience in sending off substances to labs to test for many of these and its actually very hard to eliminate them, if not impossible to get rid of them completely.

I admittedly know very little about economic REE deposits. What I do know is derived from following (ARR) American Rare Earth's exploration program in Wyoming. The tectonic environment and other geological markers are vastly different from SDRC's. So to your credit, I would be very surprised if an economic REE resource is found to be within the company's portfolio of mineral rights, but I will not be surprised if the company has identified buyers of concentrates that will honor whatever values found to be are contained, however minuscule they are measured to be. I am not ruling out a pleasant surprise just yet however.

[gitreal]

LOL....the SDRC board is not the place to talk about other stock picks.

I refuse to talk about SDRC's assays until they are released.

There is nothing to talk about because this company has never issued credible assays in a credible technical report. Instead, we have posts on X where the CEO references the COO referencing an unnamed geologist who says "if" the XRF can be believed, a ton of ore can be worth $45K. That's the definition of hype.

They have a consulting geologist on board, right? How about that geologist write up a little report with all the assays they've generated so far. Maybe some geological maps of the workings? A cross-section or two? And have him sign it and stamp it with his registration.

But even more than that.....I'd like to hear an explanation of how "meteoritic material" got mixed in with piles of forgotten ore recently found in the woods? And I'd like to hear how iridium got enriched in the material to levels unheard of in the geological world.....no meteorite, no rock, no mineral has ever been found that has iridium at 8%. I'd like to know how these guys managed to find PGMs in their "ores" in a mining district where PGMs have never before been found, and the geology is not conducive to having even trace amounts of PGMs.

I'd like to know if their geologist understands that REE are present in just about any rock type, anywhere, at some level. It's called background concentrations.....crustal abundance of REE is well documented, and their geologist should (and probably does) know better. The "presence of" REE is a long-time tactic of shady mining companies who count on the ignorance of their investors.

They either don't know how to use their XRF, or it is broken, or not calibrated, or they've been pointing it at their heads too many times........it's ludicrous.

And yes, it is a shameless stock promotion scheme, and shame on them. Engagement with their audience??? Is that what you call it? Sheez......

[surrealistrader]

No examples of stocks worth investing in, gitreal?

So you're not a trader, nor an investor. You merely exist on this platform to talk shit? Multiple posts a day for over 10 years? How does one become beyond obsessed with stocks, spend so much time on stock discussion boards, developing no vested interest nor intent to make money on them whatsoever?

....and what about our friend the arborist? Do you guys have anything better to do than to act like clowns in this piece of hell you've carved out, calling other people's investments scams? Nobody posts here because its full of mentally ill people like you. All you ever do is deter people from this platform, while the stocks audience grows. They're all on other platforms where there's actually algorithms in place that favor quality content.

I refuse to talk about SDRC's assays until they are released. If this PGM business does turn out to be a shameless stock promotion scheme then shame on them. My bet is its not, even if results come back inconclusive. Its merely engagement with their audience, transparency while they investigate what they never knew they had, in an, admittedly, upside down ass backwards way. That is only because they happened upon these additional minerals by mistake, half way through dialing in their processing protocols and concentration test runs. The fact that you're so desperate for a reason to call a stock a scam is a reflection of you, not the stock. Even if Sean Zalewski is a shameless promoter of mere possibility, its still not a reason to call the company a scam.

[gitreal]

I'd recommend steering clear of ALL non-reporting, non-audited OTC companies.

SDRC assays are a moot point.

Moot point? Why? Shouldn't a responsible publicly traded mining company do the assays first, then promote based on results?

I have seen many shady OTC companies promote supposed PGMs, many have done REE, sometimes both. But I've never seen meteorites thrown into the mix. I give them an A+ for originality and entertainment value!

I give them an F for credibility....the science does not support any of the bullshit they are spouting.

8% iridium......LOL......

[surrealistrader]

What mining companies do you recommend investment in, Gitreal?

Any on OTC? or they all necessarily compromised, guilty until proven innocent? All I see you doing with your precious IHUB premium membership is talk shit. Where would you put your money if you were an investor in this sector?

SDRC assays are a moot point. We will wait until their arrival as the geological basis for the existence of any newly identified minerals in these ores remains unclear.

[gitreal]

I know think you think that PGM's don't exist in North America, Gitreal, which is absurd.

Oh please. You know what is absurd.....? Misquoting me is absurd, and also insulting. I have never said there are no PGMs in North America. I have actually been to the only producing PGM mine in the U.S., the Stillwater Mine in Montana (not the Bushveld), and have rummaged around on their ore piles, and picked up some interesting PGM sulfides, a chunk of which sits on the bookshelf behind me. So, please do not misquote me.

You keep trying to downplay but this PGM nonsense is being heavily promoted, which tells me that the gold process and recovery numbers are not good or they would devote all their promoting to that alone and would not have to bring in this idiotic PGM/REE/Meteorite sideshow.

Who is promoting PGMs? You. And the CEO, Mr. Zalewski. And the company itself:

Dan and the Ops team had an amazing day of progress and production. @SDRCMINING $sdrc #gold #pgm #silver #ree https://t.co/HNbhq9eIrL

— Sean-Rae Zalewski (@SeanRaeZalewski) July 3, 2024

Our on-site third-party geologists have observed that the ore from this vein appears to be consistent with the geology of the tested and ore stockpile. $SDRC #GOLD #PGM huge densities! #WORLDCLASS #PLATINUM #SILVER #IRIDIUM #REE #OSMIUM https://t.co/wIaAD9i12I

— Sean-Rae Zalewski (@SeanRaeZalewski) July 2, 2024

As an update. Partial transcript of a review meeting with @wfmining & @SDRCMINING $SDRC #GOLD #PGM #REE #PLATINUM #SILVER

25:09 - Conference Room (Matthew Dailey) - Speaker 1
Two and a half tons of material out of the stockpile is generating 3,540 grams of metal.

25:23 -… https://t.co/tWx6fDhMQF

— Sean-Rae Zalewski (@SeanRaeZalewski) June 28, 2024

There seems to be some confusion. The presence of PGM in $SDRC ‘s ore is a definite boon.

The offtake agreements that we are discussing and working on with the groups that will be the buyers recognize the PGM’s, and that will be part of the offtake agreement.

An independent…

— Sean-Rae Zalewski (@SeanRaeZalewski) May 7, 2024

$sdrc #gold #rareearth #pgm https://t.co/IKXm2Pl2BB

— Sean-Rae Zalewski (@SeanRaeZalewski) June 17, 2024

Went through all the XRF data from Doc….iridium did show in the ore. So did Osmium and platinum which is what you would need to see. Also elevated levels of Chromium and Nickel which are indicative of a meteorite. Also show several rare earth elements. Thorium, Gallium,…

— Sean-Rae Zalewski (@SeanRaeZalewski) May 6, 2024

$SDRC @SDRCMINING
What does the presence of PGM's in our samples mean? If the data remains consistent with what we are seeing it could increase the value of every ton of ore by 2x or 3x! That is HUGE #mining #PGM #GOLD #REE #SILVER

More to come, much more.

— Sean-Rae Zalewski (@SeanRaeZalewski) May 6, 2024

Another super sack of concentrates! $SDRC

Concentrate - A fine, powdery product of the milling process containing a high percentage of valuable metal.#Idaho #Gold #Silver #PGMs #Mining #Production #Progress #WorkContinues #Invest #America #Success #Video @wfmining pic.twitter.com/R7uC3KjIKZ

— Sidney Resources Corp. (@SDRCMINING) July 1, 2024

Gold & PGMs under the Microscope! https://t.co/rGDijRcB9G via @YouTube : $SDRC#Idaho #Gold #Silver #PGMs #Osmium #Iridium #Mining #Production #Progress #WorkContinues #Invest #America #Success #Video

— Sidney Resources Corp. (@SDRCMINING) June 17, 2024

Either Mr. Zalewski is being led astray by his "geologist" or he is deliberately using this REE/PGM/Meteorite hype to try to raise interest. Either way, it guarantees that no serious investor in mining stocks would take more than a passing glance at this garbage.

I expect an OTC CEO to pull this kind of crap, but you? You seem the type that would thoroughly research something before you repeat the hype. Please research what "background REE concentrations" are, and what concentrations of REE it takes to be considered a REE resource. Please research iridium, and focus on what the iridium content of meteorites is. And take a look at what the minimum nickel and chromium content of meteoritic metal should be. And what the iridium content of the richest PGM ore would be (nowhere near 8%). And how "meteorite material" ended up in a rockpile found out in the woods in Idaho....that has yet to be explained to me. Make it good, I pay Ihub for entertainment value and it has been lacking lately!

[surrealistrader]

Assays and hard data will be released soon. Why bother inferential argument? Who's teasing who here?

Read the company's filings and read their media releases. Their XRF work has lead to the need to conduct more extensive assay work than anticipated to measure the contents of the other minerals that appear to be present in the concentrates; minerals that will have economic value if proved consistent. Not only is there potential for economic value getting overlooked by skipping this stage, but significant intellectual value that may even lead to a breakthrough that strikes at 150 years of assumptions and information collected about the regions geology. To their credit, for the majority of those last 150 years, research was almost non-existent and exploration neglected. Platinum would not have been a focus of exploration for the entire time this community was productive. Yes it sounds unlikely because it is (and that's OK.) Regardless, most paying attention see almost no downside to investigating the clues they have identified, but virtually all upside / potential reward.

Nobody will be deterred if assumptions about PGM's or meteorite fragments prove inconclusive. Nobody is marketing meteorites as an investment thesis. It is but 1 explanation for the anomalous XRF findings especially if error has been ruled out, and so, they are exhausting other analytical methods, which is the responsible thing to do before moving on. Ruling them out without investigation, like what gitreal would do, is not the responsible thing to do. You stressed assay results are the legit thing to do, and so that's what they are getting from multiple companies, yet that, ironically, has not stopped you for disparaging the company for their pursuit of incontrovertible data. Assay data will be released because further study and professional opinion is needed, of course! We will all see it when it's released. I look forward to a lively discussion when it comes, I look forward to the lively discussion when it comes and to hear more of your lovely constructive criticism.

The fact that they are delaying the finalization of their processing protocol is not an indication that the supposed large amount of gold ore does not exist... but in fact with such a large amount of value at their site, they better take their sweet ass time getting processing right, and if they start getting XRF readings of other minerals of economic value in the concentrates, they better exhaust possibilities upon it and measure it lest they offload product leaving money on the table.

I know think you think that PGM's don't exist in North America, Gitreal, which is absurd. Nobody gives two shits about your "Red Flags." You gotta flow with the expectations for this startup investing market. Sure, the unaudited financials thing is plausible, and the no assays thing is more than plausible, but we are talking about a pre-revenues company here. A startup. I, however, will go so far to bet that we WILL have audited financials by the end of 2025, SDRC will be SEC reporting and compliant in a similar timeframe, assay results will continue to be released by the company at least once a year, and certificates of analysis of the concentrates will be released upon sale of each batch. It is still my assumption that SDRC will make sales of concentrates by the end of THIS year, and values will be predominantly derived from the gold content. The evidence supports that there will be a dividend issued q4, that the company is fully financed to production, and SDRC is on more than solid footing going into next year.

[gitreal]

You're okay with the current promo about platinum group metals, rare earths, and METEORITES? Do you realize how ridiculous it is? And why would they feel the need to do this when they have millions in gold just laying there in forgotten piles in the woods? Perhaps they need a diversion from lack of gold production?

Or do you not care as long as some Greater Fool buys your shares?

[2tommy2]

Seldom post here to much drama. Just checked my history when I first bought SDRC. Between 02-11-2021 and 05-11-2021 I bought 200K shares from .0395- .0805 Avg. 0492.. $9880 for 200K shares. I sold 10K 12-19-2023 at .40 and 10K 12-20-2023 at .50 Got $9000 back on my original gamble Now I have $880 invested in 180K shares MV $56500 for a gain of $47500 I believe SDRC is about to run. No worries. I have been here the whole time. Some have been quite negative on this company. Thats ok I'm glad I didn't listen. For over 3 years I have heard some say this is a scam, or its going to trips, etc. OK its a stinky pinky high risk high reward. Would not matter if this was $2 a share a few would still scream its demise. I think by Dec. of this year or the fourth quarter it could be 1.00 or more. I only have $880 in the trade, guess I won't be selling any until .75 I might sell another 10K Sounds like a win to me. SDRC already bounced off its lows around .27 I thinks its headed to new highs. In six months we will see who is right gitreal and rbtree or surrealistrader I'm with surrealistrader. Some of us have been around for awhile 6 more months are nothing to us.

[gitreal]

Yes, it's why I love tracking these shady "mining" companies. Real mining/exploration companies tend to be far more boring. Maps, assays, cross sections, metallurgical studies, feasibility.....not usually very exciting.

But meteorite "material", 8% iridium, PGMs in a district never before found, laser mining, super sacks of sand "concentrate", innovative math to manipulate gold values....... what's next!!? I'm getting my entertainment value here!

[surrealistrader]

You guys seem to be having a good time with this lol

[gitreal]

Expect a 1,000 word, flowery essay defending SDRC in perfect grammar and spelling in 3, 2, 1.......

Surreal...you're on!

[rbtree]

This about sums SDRC up.... it's looking like just another desert dirt scam..only morphed to the Idaho mountains. Sigh.

[quote ST: ]I don't know anybody who invested in the company because of PGM's.

Gitreal: Maybe you don't know of anybody personally.....but this is an example of how the PGM bullshit works on people to get them all in a frenzy:

MC
@MCErsky
·
4h
$SDRC 3) Osmium comes in at $40,000 per oz. We know from Dan's videos that "We got gold". But if you add in any significant amount of Iridium(which is 2x the value) and or Osmium(20X) this could get crazy real fast. #PGMs #Osmium #Iridium #Gold #Silver #Platinum #Palladium



The PGM/REE/meteorite nonsense is classic hype....unsubstantiated, unwarranted, and borderline lunacy. Aimed at the most ignorant of investors. When this kind of stuff is all they have to promote with...it makes you wonder why. No actual gold production, no actual gold assays, nothing real to promote?

What's next - antimony? Graphene? Diamonds?

Serious, savvy investors will take one look at this steaming pile, and move on.......

Actually, I take that last statement back. Serious, savvy investors will not even look at non-reporting companies, with unaudited financials, and no exploration program.
[/quote]

[gitreal]

Scamarama in the making?

Of course not.....shame on you for even suggesting such a thing!

Meteorites, Baby!!!!

[gitreal]

The lithium boom is over.....but meteorites!?? That's a novel promotion, not sure it's ever been done in the OTC!

These guys at SDRC are geniuses! Anybody can promote gold, REE, and PGMs..... but this is the only OTC stock where investors can invest in extraterrestrial precious metals!!

8% iridium!! None of many thousands of meteorites found throughout history have even a hundredth of that iridium content....but hey, that handheld XRF wouldn't lie, right?

Surreal.....keep on pumping that meteorite angle, it's a winner!!

[rbtree]

Wow, just.....wow.
Emphasis mine



coinspitter
May 30, 2024 12:45 AM

@NotaTraitor $IDR is nice, but the real money is in ultra high yield assets. $SDRC management expect to generate 15-45k$ per ton of ore (gold, pgms, rare earth elements, of which they have 25,000 tons stockpiled already). They have refined ore since January and are working to finish the offtake agreements with buyers, but they buyer has to pay not only for gold/silver, but also for the significant amount of Iridium and othrr stuff etc. They think it originates from an Meteorite.

Company twitter:
x.com/SDRCMINING

CEO account:
x.com/SeanRaeZalewski

Scamarama in the making?

[rbtree]

Good for them.

Do you know how rare it is to have gold/silver and pgm's in the same ore body?

Or that there is only one producing pgm mine in the continental US?

Or that no other mine in the US have ever produced more than a handful of pgm's

I smell another desert dirt scam.

[rbtree]

The PGM, REE, and meteorite hogwash

How could they have missed lithium?

surely this "world class discovery" could also supplant China as the world's top Li producer....

[surrealistrader]

A quote from q1 filings concerning assays:

"We have encountered unusual anomalies occurring in the dore' material and are conducting extensive testing at numerous fire assay labs to determine the exact mineral composition of the material to determine the best course forward in processing and testing the concentrates. During fire assay testing it has been determined that a significant amount of Gold is reporting to the slag and high volumes of silver are reporting to the tailings. The reporting of valuable metals like gold, silver, copper, and iridium in our XRF scans further illustrates the rich potential of our mining operations. We are continuing to test materials to determine the level of any iridium and other platinum group metals that are being identified in the XRF scans. It is our opinion that XRF scan results do not confirm the presence of iridium and other platinum group metals but with this information and other indicators we have observed we believe there is sufficient evidence to warrant further study."

[gitreal]

Assay lab....in Germany!?? There are good assay labs a lot closer.

[surrealistrader]

"prepared for shipment to assay lab in Germany"

https://x.com/SeanRaeZalewski/status/1808163389715226905

Sean-Rae Zalewski
@SeanRaeZalewski
Our on-site third-party geologists have observed that the ore from this vein appears to be consistent with the geology of the tested and ore stockpile. $SDRC #GOLD #PGM huge densities! #WORLDCLASS #PLATINUM #SILVER #IRIDIUM #REE #OSMIUM

https://twitter.com/SDRCMINING/status/1808161227312427148

Sidney Resources Corp.
@SDRCMINING
This is a dried sample from the Little Giant - Lucky Ben vein. It looks nearly identical to the stockpiled ore. The same materials we suspect are the #platinum group metals and the #gold.
All samples are being dried and prepared for shipment to the assay lab in Germany : $SDRC

#Idaho #Gold #Silver #PGMs #Mining #Production #Progress #WorkContinues #Invest #America #Success #Video @wfmining

[gitreal]

The PGM, REE, and meteorite hogwash is a diversion, and a sign that the gold story doesn't stand up. I strongly suspect that investors are being lied to about the gold (grades, recovery, etc.).

I see this headed in a very bad direction...

[gitreal]

Bullshit.

Why are you repeating this garbage?

[surrealistrader]

"One thing we do know, we got gold."

[surrealistrader]

Osmium, Ruthenium, Platinum, Thorium, Gallium, & Yttrium

...the ores at the mill site contain these in addition to the alleged persistent Iridium.

Link to follow up post from May 6th on Twitter:

https://x.com/SeanRaeZalewski/status/1787556622287466558