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It was an update about the mine. You want something that has to do with $$$$ so you can make $$$$. I get it, there is nothing wrong with that. But it wasn't made out to be a PPS moving PR, or we would have gotten a higher PPS off of it. It pretty much was an update. I asked the question last night that I noticed they started drilling in June, and if anyone heard from the company about it, or is this maybe the PR about it... No one could answer that question. Well we all had it answered today. The "fluffy" PR is a mine update with assay results EOW... Now assay result PR can be your PPS mover.
With assay results coming this week, that should be interesting. Hopefully we all strike gold!
Well right now the bid is 5x the ask at Bid 186M Ask 37M Might see a shift back 4/5 range soon
It's trips man, every tick is going to represent a significant % change. Don't get so concerned over going down a tick Bid is 115M Ask is 24M
Looks like the market likes the news
Yeah Q, this can explode if we get a good review of the samples!
Well, nothing of that sort in this PR. Seems to be an update as to what's going on, which is a good thing!
$DSCR
News:
Murphy, Idaho, Aug. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Discovery Minerals LTD (otcqb:DSCR), the precious metals exploration and production company, is pleased to announce the progress of the assessment of the War Eagle Oro Fino Gold-Silver Project in Idaho, USA. The Oro Fino vein is the first target of three major vein systems at War Eagle Mountain. Discovery Minerals along with their joint venture partner Murphy Noble Metals have commenced mining operations and recently completed an additional geological review and geochemical reconnaissance sampling program at their War Eagle Mountain project in Idaho.
Key Points about the Discovery Minerals War Eagle Mountain Project;
-- Mining operations, including uncovering old workings progressing.
-- Project geologist has carried out reconnaissance mapping & sampling of the Oro Fino Vein.
-- The vein system is up to 150' wide consisting of hanging wall and footwall veins, with intervening weathered and altered granodiorite with quartz veinlets.
-- Accessible open-cut type drill target for oxidised ore establish in the central 2000' length making an immediate drill target of 2000' by 150'.
-- Oxidised weathered ore can probably be beneficiated by screening out host rock improving grade as well as cutting trucking and processing costs.
-- Old adit workings in the north could yield access to lower levels of the mine/vein system toward the base of the Oro Fino shaft, where less mining has occurred.
-- Dump and rock sampling of 83 samples collected and assays pending in two batches.
-- Waste dump assays will be used as grade control to establish which dumps can be trucked or further beneficiated for short term gold production.
-- Given that old mining technologies were likely the cause for high cost of production causing mine closures when host rock became excessively hard and metallurgical processing & extraction became less efficient with deeper ore containing sulphides, provides additional opportunity with implementation of modern mining technologies.
-- The project has open cut and underground resource potential that could well exceed previous production of ~350,000-400,000 ounces gold equivalent.
The Discovery Minerals and Murphy Noble Metals Joint Venture recently completed an expanded geological review and geochemical reconnaissance sampling program at their War Eagle Mountain identifying increased resource potential. The program covered a 4500' long section of the Oro-Fino structure. Reconnaissance has confirmed that the Oro-Fino vein is in fact composed of two parallel lesser veins that have been variably worked for gold and silver over much of the entire length. These two main veins are up to 150' apart. The veins are hosted by a weathered granodiorite, with occasional basaltic and rhyolitic dykes present. Minor sub-parallel anastomosing and cross cutting quartz veinlets occur along each vein set as well as between the two main vein sets, which in some areas were mined in their entirety as small open cut workings using 1800s technology (Figure 1) .
The photograph of the west vein open cut near the Oro Fino shaft shows a long slot that was removed for a length of 330' and up to ~25' wide. It is apparent that the working does not connect to stopes below, which supports the view that the area is an excellent drill target, which forms part of the 2000' central strike portion that forms an immediately accessible drill target for the potential open cut resource assessment planned for this exploration season. An RC drill target of 2000' by 150' is therefore envisaged.
One of the key aspects for the gold-quartz veins occurring within the weathered zone of the potential open cut envelope is the highly weathered nature of the host rock, which means that the ore could be further upgraded by beneficiation through screening out the weathered granodiorite. This host rock is very friable and would be 'free dig', without the need for explosives making a further lower cut-off grade possible than normal hard rock open cut operations.
Figure 1 Oro-Fino West Vein open cut near the main Oro-Fino shaft
Reconnaissance also established that the gold workings were more extensive than previously recognised, with hitherto unknown adits being discovered in the northern section of the company's tenements. These old adits are significant as they are on a north facing slope and they all therefore tunnelled south toward the main workings of the Oro-Fino shaft which reached 350' deep. The elevation of some of these lower adits is similar to the bottom of the Oro-Fino shaft. It is likely that these tunnels would not have reached the Oro-Fino shaft due to the restricted tenement holdings of the various companies that operated during the 1860s. The newly discovered adits, if refurbished and extended would give Discovery Minerals access to the lower reaches of the old Oro-Fino shaft workings about 1600' south. Drilling prior to mine development is envisaged to establish resources in the nearby area. This area is to the right of the long section shown below (Figure 2).
Figure 2 Long Section of the Oro Fino vein system, showing the extent of stoping.
The long section also shows that the majority of the mining stopped at 6750' above sea level. It does not however show the west and east vein systems. It is interesting to note that the stoping was generally continuous throughout the upper levels thus proving that a consistently rich ore existed. The reasons suggested by old reports are a combination of the Oro Fino veins being no longer surface supergene enriched and oxidised thus allowing simple metallurgical treatment and the host granodiorite becoming increasingly hard. Technology of the day when the mines operated was all hand tools and working in a hard granodiorite fresh rock environment that would have necessitated a very high ore grade. This would account for the two ounces per tonne production grades from the deep Mahogany shaft, where mining costs would have been very high using such methods in very hard rock. Such 1800s issues are no longer a problem with modern technology. The area below these workings therefore constitutes an important exploration target, which can readily be assessed by diamond and RC percussion drilling.
Furthermore, the Mountain Chief vein occurs about 270' east of the Oro-Fino vein and some sampling has taken place. Very little historical information is available about this vein; however, it offers a potential extra ore source within the project.
Rock sampling has taken place along the entire length of the Oro Fino veins and has so far gathered 83 samples of various material including quartz vein outcrops and grade control of the old waste dumps. These assay results are pending with the first batch nearing completion. The return of the assay data will aid the company's short to mid-term strategy for gold and silver production and exploration drill targeting.
As part of this strategy for near term production there are a large number of waste dumps on site that have significant overall tonnage which could be suitable for a small to medium scale operation. These dumps may still contain economic gold grades if processed in a suitable manner and sampling of these dumps has already taken place. Given that the historic production costs were around one ounce per tonne for the ~400,000 ounces produced then there is likely excellent material available in the waste dumps. The company is also investigating means of beneficiation for these waste dumps as well as through screening, as discussed earlier in addition to modern ore sorting technology. Sampling of the waste dumps has been based upon taking this into consideration.
https://t.co/PXeGZIcaOH#gold #news @DiscoverDSCR #NASDAQ
— Discovery Minerals (@DiscoverDSCR) August 6, 2019
Ok, no worries. Hopefully tomorrow will be fun. As stated before, closing on 52 week high is big, now we gotta push through it
Agree. Like I said I’m new here today. I saw a tweet from them saying they were starting to mine in June. Did they stay true to that? Any word about that or is the pr tomorrow the possible first indication of what’s going on with that mine or did you guys already get updated? Still gathering my DD. TIA
$DSCR
Yeah. Like I said. Not trying to put a damper. I now own this stock, but if they drop a r/s tomorrow and are using the “assays results later in the week” line to butter people up I’m gonna be pissed. And so would all longs I’m sure. Mining stocks are moving right now it’d be a bad time for them to ruin any momo
One good pr can take this out of trips. A lot of front loading been going on the past few weeks so I think something is up. They have a high o/s and a maxed out a/s so I hope there is not a pr that wrecks the stock like r/s but from all the front loading, I am leaning towards someone(s) knows something and a r/s won’t happen? Between a great pr to start the market tomorrow and having the 44 assay results by EOW this could be a multi day runner if the stars align. I am new here today but that’s my quick assessment. To see this close at its 52 week high is promising. Hopefully tomorrow we end up making new highs. Wouldn’t it be amazing for them to announce a buyback. Lol one can dream.
$DSCR
Nice, hoping to see more buying in anticipation of PR.
Kinda wack that Ken can talk about merging the company, and tweet there is a new CEO without informing the shareholders on any names.. Company..? New CEO? Come on, let's get things rolling. People have waiting long enough......
Closing on a 52 week high would be nice. Breaking it and closing on a NEW 52 week high would be sweeter. Tomorrow could make for an incredible day as $DSCR is looking like it wants to break the 52 week and run away
$DSCR
It's going to be quiet until Jordan finds financing or the '18/'19 audited fins drop, whichever comes first. I spoke with Jordan a couple weeks ago and the fins are on their way after RMRK's year end which is 8/31/19
Might see some heavier mid day to EOD buying in anticipation to PR... I hope it's a good one! :)
$DSCR
"The Company has prepared a press release for August 6th( Tuesday am ) There will also be 44 assay results available from the sampling program later in the week showing gold & silver readings. These will be published to the Shareholders."
— Discovery Minerals (@DiscoverDSCR) August 5, 2019
R. Smith, CEO - https://t.co/rvFg4BZtfT pic.twitter.com/Q2spdtDLFg
This is going to pop. Almost 50M+ in just buys
Took a starter today. They have a much higher S/S than the big boys running right now, but there is still room for movement here. Like the news.
Thanks! Like this company's direction.
Jumped in this one today. Let's get it!
I'll take shares at .0002...
Where are you seeing this filing, I don't see it on OTCM
Nice post. We're on the same page. I am hoping everyone here makes a butt load as well. I am new here since Monday, so my observation is getting taken out of context by some I guess. I personally think that it'll be a AH filing that we will have our chance to pick up cheap shares tomorrow.. Scared traders will sell, and AH Friday PR will set up next week to have crazy gains. Good luck! I'll be here with ya tm!
Don’t read em then ???????
Cheap shares? I just laid out to you a non bashing non pumping logical way to look at it. Take the blinders off and put the Pom poms away. We both wana see this turn green. I’m just being a realist. I agree with you. The attorney told him to post that... That post has a date of 8/2, yes or no? He prior to that, put out a tweet calling for 2 things to com out that week UNTIL the attorney post. Like I said. That’s all public info there is nothing to hide.. I think the attorney post date of 8/2 is a put up or shut up moment but that is just IMO. You can’t be recklessly saying things (Troy) and then not expect skepticism.
Like I said I am just pointing out my opinion of what will happen if we do not get a filing on 8/2. I’m not going back and forth on it. We’re on the same team. Just looking at it different.
I mean 6 of one, half dozen of the other, either way the company didn't follow through on their tweets to their shareholders. It doesn't matter who walks what back. The attorney needed to provide better clarification 3 days after the fact, so again it's irregardless, they both came from the same Twitter account. Anyways, my point is they burnt people in the past. It's the OTC say saying "it's a risk" is an understatement here, but the fact it DID come from the attorney should make it followed through even more that it happens tomorrow. It is a reflection on their company no matter how you look at it. I'm not bashing the company or the stock, but I am not married to it either so I am not looking at this with blinders on. If they do not follow through tomorrow, will it, or will it not be the 3rd thing and 2nd tweet not followed through in a week span on putting out information?
1/2 -
Patience will be rewarded. Expect a filing in next 48 hours that will forever change SNMN..also a national news release within a week. Thanks for your faith shareholders!
— SNM Global Holdings (@snmglobal) July 23, 2019
Nah you will see a mass sell off Monday morning if that filing is not dropped at least in AH tomorrow IMO. They came out last week and said 48h, with national news next week. Then they walked it back with an attorney letter with the date of 8/2. I am not gonna act like I been here for 2 years waiting for this to be my 60 bagger, but I am just stating the obvious. They lied in the past, they have a lot of salty share holders, and they messed with shareholders last week by reckless tweeting. The only thing that protects them is that very last line of the attorney letter stating "it is the intent of the company..." so if it doesn't come out, they can fall back on that word terminology. Hopefully we got a good one here!
What I would love to see is a PM filing drop with blockbuster news slapping everyone in the face who been bashing, and this thing will FLY
https://twitter.com/snmglobal/status/1154836755826249728/photo/1
$SNMN
IMO buying will start EOD in anticipation of filing. I guess we close at 17's
OTC + IHUB is just too funny. Looks like a market sell dump in order to go chase something. this will come right back up. Impatience does this.
Lol, any and all info can be found on OTC Markets which everything but the float has been updated as of today:
https://www.otcmarkets.com/stock/SNMN/security
Hope to see that float updated soon to reflect what has been stated
I think the loading might be a little heavier today considering tomorrow a filing will drop (Supposed too). Could get interesting
You're the one asking the question. If you want to try and get technical on me I can go that route with you too... Where in that tweet did he give you a time frame as to when that plan will be released? I said go call him and ask yourself so you can find out information YOU are asking about. Also, you keep using the word promised? Do you know what a promise is? Just because someone says something doesn't mean it's "promised". You're plugging in your own words to be more over dramatic. Stop
What they stated cannot be done, not in an outdoor grow cycle, your first comment was more on point. Yes you can pick buds, but you will get different quality depending on the time of the flowering stage you pick them due to not being mature. The plant itself is either ready for harvest or it's not.
You can do exactly what you just stated, but you shouldn't do it with a full sized plant, you should do it with clones, and re-vegitate it into a full plant (as you stated)... Once you harvest, you should find your strongest plants, clone them, and then you put them back into a vegetation cycle, rinse and repeat, rinse and repeat. You were right to say and stick to your original comment..
There is only 1 harvest when dealing with weed, indoor or outdoor. Indoor you can have 3-4 grow cycles a year depending on how big you want your plants to be when you harvest. Outdoor, you're at the mercy of the daylight cycle. Vegetation (depending on region) April-August, flowering will start showing in mid-late August, and flowering will go from August-October, and depending on the bud type, will depend on beginning middle or late October for harvest.. It really depends on how the trichomes look. At the end of the day, industrial MMJ growers are indoor growers. CBD growers are outdoor growers and this is due to quality. Medical Marijuana you want the best of the best quality so that's why it'll be indoor in a more controlled grow. CBD can be extracted from Hemp which is a lot easier and more forgiving plant to grow outdoor.
This is for those who don't understand the process, obviously you do slade. I just want to clear up the difference between a grow cycle and a harvest. You can do multiple grow cycles a year on indoor, you will always have 1 harvest per cycle.
Beautiful day here
Call him and find out.
Deff some nice loading today
He could easily say it is coming and postpone it, like he did with last weeks tweet. I am not bashing, far from it, just stating the obvious. I would assume we might see more accumulation into today, tomorrow and more Friday in anticipation. And as per previous comment, a massive run can ensue next week if it is a Friday AH PR.
Part of that is when the company puts out a Tweet stating a filing will drop within 48h and a full week passes, it takes away from the credibility. I only jumped in this week. New here so still getting info, but based on the tweets, they haven't pulled through (as of yet). Friday will be telling for sure. If an Friday AH PR drops, it could cause a massive run next week
Oh ok, well the notification only popped up for me today, so I was just throwing that out there.