Sidney Resources Corp (SDRC)

[Captain Black Bob Blanco]

Nice update with good volume and a jump in pps.

[Captain Black Bob Blanco]

SDRC March 28th update
https://www.otcmarkets.com/otcapi/company/financial-report/324908/content

[Union Strong]

Snow has melted, Sun is shining, work crews showed up,
pick axes and shovels at the ready, scales dusted off,
Gold mining resume!

[Union Strong]

An influx of people from Cali to the great state of Idaho
can have a positive (SDRC) investment outcome.
GLTAL

[Captain Black Bob Blanco]

PPS hit a low of .156 today. Not surprising.


Robert Johnson II Member Level Thursday, 01/06/22 04:16:03 PM
Re: Chunkyflip post# 8863 0
Post # of 8890
People are taking profits, the mine is seasonal at this time so activity will not pick up til spring/summer. The pps is actually holding up pretty well. I wouldn't be surprised to see .15 over the next month or two. The release of the full assay report could impact that of course, or other news.

[Union Strong]

Prospects for an early Spring in NW

[Captain Black Bob Blanco]

Disclosures https://www.otcmarkets.com/otcapi/company/financial-report/319493/content

[Captain Black Bob Blanco]

Annual Report https://www.otcmarkets.com/otcapi/company/financial-report/319487/content

[Hawkeye_tt]

New filings out.
Story coming together...

Hawk

[Union Strong]

A sleeping giant at the moment, Zzzz
but the alarm is set.

[AlanWeedspan]

Looking GREAT here.

[Daytrader1]

Loading 0.22 today

[Home Run]

What does DWAC stand for?
Deposit/withdrawal at custodian
Deposit/withdrawal at custodian (DWAC) is a method of electronically transferring new shares or paper share certificates to and from the Depository Trust Company (DTC) using a Fast Automated Securities Transfer (FAST) service transfer agent as the distribution point.

[Home Run]

What is a DRS eligible security?
The Direct Registration System (also known as “DRS”) is a system for book-entry ownership. DRS offers investors and shareholders an alternative to receiving a physical certificate, by allowing the shares to be record, held and transferred electronically on the books of the company or its transfer agent.

[Home Run]

Sidney Resources Corporation (SDRC
@SDRCMINING

Our stock transfer agent, Pacific Stock Transfer, has just advised us that SDRC is now DWAC and DRS eligible. We continue to work hard for our shareholders. $SDRC #pennystocks #MiningNews #Idaho #gold

[hinkydink]

That perspective is likely premature.

Indications are that there is much left to be done before viable mining operations commence.

I would; of course; be happy if things pick up after the thaw.

I will await validation from the company as to the status of things.

[Union Strong]

Spring thaw means full mining operations can resume.

[hinkydink]

Clarify please.
I apparently have missed the significance of April and an associated price appreciation.

[Union Strong]

to realize (come April) a 26% premium on your investment,
whom wouldn't be interested?

[hinkydink]

Somebody is showing interest today.
From .19 to .23

[Union Strong]

Supports a buying frenzy,
GLTAL's

[skyrocketinsight]

Thanks for the .19 shares:)

[Captain Black Bob Blanco]

I wasn’t questioning whether or not the grades are good. They released those grades a month ago in the last PR.
That’s why I said it wasn’t really “news”. There wasn’t really anything new in there, in my opinion.
2 of the 6 holes were good, but they gave no depths or interval lengths. Not really much of an assay report.
Also, based on years of reading thousands of mining PR’s, seeing a PR start off by talking about historical mining grades in the area, instead of getting right to your own results seemed a little odd to me.

[hinkydink]

The grades detected are average or better. I view that as good news.

[Captain Black Bob Blanco]

There wasn’t much “news” in that Pr., in my opinion. Not sure why they even bothered to put it out, and the market is responding accordingly.
We already know that more drilling is needed, from the last PR.

Also, there are now millions of shares issued based shares prices from 2 years ago, that are no longer restricted, so you can expect some profit taking with millions more coming free later this spring.
Unfortunately SDRC Lucky Ben at this point is still a seasonal mine. That may change this coming season.

[hinkydink]

Good news and yet the PPS drops. Go figure....

[Captain Black Bob Blanco]

Sidney Resources Corporation Assay Results At Lucky Ben Gold & Silver Project Confirm The Down-Dip Extension of The Vein Exposed Along The Lucky Ben Adit

Press Release | 01/18/2022
COEUR D' ALENE, ID / ACCESSWIRE / January 18, 2022 / Sidney Resources Corporation, (SDRC), is pleased to announce initial assay results from its 2021 exploration diamond drilling program at its Lucky Ben Claim Group covers a gold prospect in the Warren Mining District and is located approximately 110 miles north of Boise, Idaho. According to records from the US Geological survey the Warren District is reported to have produced 24.4 tons of placer gold and 2.92 tons of lode gold which has a current market value of $1,587,619,840. In addition to the gold produced a total of 22.5 tons of silver was produced which has a current market value of $16,178,400.

Historical exploration records from Goldstone Corporation which completed exploration work on the Lucky Ben during the period from 1983 to 1987 state sampling of vein material in the trenches and portal dumps gave assay values ranging from 0.2 to 10.4 ounces per ton silver and 0.1 to 13.05 ounces per ton gold. This converts to a range of 5.66 g/t to 294.83 g/t of silver and 2.84 g/t to 369.96 g/t of gold. During October of 1983, backhoe trenching confirmed the extension of the vein east of the portal and exposed several former producing stopes that had carried through to the surface. Further sampling of the Lucy Ben gold-rich quartz vein system that was completed near the portal of the 6570-level adit revealed a 1.5-foot-wide quartz vein grading at 2.12 o/t gold or 60.10 g/t gold. The vein within quartz monzonite which is strongly altered for 2 to 3 feet on either side of the vein where it assays 0.056 o/t gold. These values would therefore produce a weighted average grade of 0.57 o/t or 16.16 g/t over a mined width of 6 feet.

The purpose of this program was to test for the down-dip extension of the vein exposed along the Lucky Ben Adit by J.A Czizek during work in the early 1900's. J.A. Czizek was the mining engineer with the Unity Group and projected the extension of the Little Giant and Rescue Veins to the west to where he staked the claims of the Lucky Ben Claim Group. The most significant lode gold production of the Warren District came from work by the Unity Group on the Little Giant and Rescue Veins. An article from the historic Warren Times Newspaper reported - "Unity gold mines rank among the richest mines in Idaho"......... "An ore specimen as large as a man's body assaying $11,155 (540 oz/gold/ton @ $20.67 /oz) shipped to the BOISE STOCK EXCHANGE" (1896).

In his summary report of the 2021 diamond drilling program, Geologist, Richard Morris of Spokane Valley, Washington, reported six holes were drilled in various directions and at angles designed to intersect the vein below the elevation of the Lucky Ben Adit. The program was successful as every hole intersected the vein. Two of the holes returned assays between 1/2 and one ounce/ton gold and one of these samples contained visible gold. Following is a compilation of the results.

Hole # Direction Angle Au (OPT) Ag (OPT)
LB-1 S 4 E -15 0.16 5.45
LB-2 S 6 W -16 0.832 2.28
LB-3 S 17 E -17 0.671 1.10
LB-4 S 14 E -27 0.004 0.12
LB-5 S 4 E -27 0.10 0.62
LB-6 S 5 W -25 0.012 1.60

Dan Hally, Vice President of Operations used the following comparison to explain the significance of these assay results, "the World Gold Council defines a high-quality underground mine as having a gold ore density between 8 and 10 g/t. Our core samples had a high assay result of 23.58 g/t and the average assay result for the 6 holes drilled was 8 g/t".

He also stated, "exploration work will continue in the spring of 2022 and will include additional diamond drilling below previously mined areas with the original Lucky Ben Mine and drifting directly on the vein to be accessed from a new tunnel planned for construction at an elevation of approximately 100 feet below the existing Lucky Ben Tunnel".

For additional information please contact Dan Hally at 509-552-9858 or by email at [e-mail] or visit our website at www.sidneyresourcescorporation.com.

SOURCE: Sidney Resources Corp.

[Captain Black Bob Blanco]

Unrestricted shares have increased by approx 12 million since the numbers were last posted here.

[Captain Black Bob Blanco]

SDRC SECURITY DETAILS

Authorized Shares. 500,000,000. 01/14/2022
Outstanding Shares. 319,919,688. 01/14/2022
Restricted. 206,141,332. 01/14/2022
Unrestricted. 113,778,356. 01/14/2022

[hinkydink]

Not too long ago 5g/ton was viable. Now it is 8g/ton?
Relative to the value of the $ (which is constantly shrinking), I suppose.....

[Home Run]

Sidney Resources Corporation (SDRC
@SDRCMINING
The World Gold Council defines a high-quality underground mine as having a gold ore density between 8 an 10 g/t. Our core samples had a high of 23.58 g/t and average of 8 g/t. Looking forward to to the future. $SDRC #gold #Idaho #mining #news

[Captain Black Bob Blanco]

People are taking profits, the mine is seasonal at this time so activity will not pick up til spring/summer. The pps is actually holding up pretty well. I wouldn't be surprised to see .15 over the next month or two. The release of the full assay report could impact that of course, or other news.

[Chunkyflip]

I honestly don’t understand why people are selling right now. It’s been nothing but good news. People are so impatient. That coupled with the feds coming out with their usually crap, whole market is taking a hit.

[Union Strong]

Clo$e out the old
and
Happy New Year 2022

[Union Strong]

A growth stock at $.26 how can you not get on board!

[Home Run]

Very nice rebound today. It appears the market took notice. $SDRC

[Captain Black Bob Blanco]

Great choice, I own shares in that one.

[Home Run]

A brief article on assay results

https://o3mining.com/articles/gold-mining-stocks-what-drill-results-mean-for-investors/

[Captain Black Bob Blanco]

Looks promising, yes, but the market doesn’t look overly impressed today. If a few of those holes had 3-5 oz’s per ton, it would likely be a different story.
Despite some of the nonsensical posts here over the last few years touting crazy rich assays and much higher grades, you never really know what you have until you drill.
The assay numbers today show the highest grade in 2 of the 6 holes is just over 3/4 of an ounce and the next highest is just over 1/2 an ounce. Those numbers are very good and are often considered high grade for today’s mines depending on the cost per ton to mine, and the price of gold obviously plays a big part in that.
Unfortunately the other 4 holes are not very good, in my opinion.
More drilling is needed to show them what they have. So we wait for more assay reports, and more drilling next season.
Not expecting to see the posts that were touting “.50 soon” to come true in the near future, based on today’s news, but am ok being wrong about that, and plan to hold on to my shares and see what happens.

[Home Run]

Gold and Silver in all 6 samples within the initial stope of the Lucky Ben.
Solid, exciting news and just the beginning. This looks very promising.

[Captain Black Bob Blanco]

Lucky Ben Project Update and Core Drilling Assay Results Press Release | 12/20/2021

https://www.otcmarkets.com/stock/SDRC/news/Lucky-Ben-Project-Update-and-Core-Drilling-Assay-Results?id=336433

[Captain Black Bob Blanco]

Duh! Cause he's going to give me the assay results over the phone before he releases them publicly? C'mon man, get a clue!

[Union Strong]

Have you reached out to COO

[Captain Black Bob Blanco]

We have to be getting close to seeing an assay report.

[hinkydink]

My thoughts also. I must have missed something important.

[Union Strong]

I must have missed it, can you please provide link, thanks

[Home Run]

Excellent News today with the technology announcement...Will play a critical role in advancing SDRC and mining in general...IMO....HR

[Union Strong]

There you go again,
what I as asking, since I figured you would know,
of the (earlier) 30M private offering
how many shares were actually taken
and
what is disposition on unsold offering shares/warrants
Thanks in advance

[Captain Black Bob Blanco]

Again, I said no such thing. You might want to consider learning how to read company filings and disclosures before investing in stocks. Just a suggestion.

[81vette]

https://www.shortablestocks.com/
it would have to go down 70% just to break even