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HBRM SECURITY DETAILS Share Structure
Market Cap 14,247,229 03/30/2021
Authorized Shares 10,000,000,000 11/30/2019
Outstanding Shares 6,476,013,322 11/30/2019
Restricted Not Available
Unrestricted Not Available
Held at DTC Not Available
Float 6,476,013,322 11/30/2019
emailed them twice, no response but yet quarterlies an annuals foretell a different story, holding LONG here... BRYYF is golden.
Amani Gold Limited Chairman’s Message
https://www.amanigold.com/wp-content/uploads/2020/10/02288277.pdf
For the year ended 30 June 2020 Page 3
Dear Shareholders,
I am pleased to present the 2020 Annual Report for Amani Gold Limited (ASX: ANL).
This year has seen your Company focus on growing the resources at our flagship Giro Gold Project in the Democratic
Republic of Congo.
During the year Amani completed a substantial upgrade of the Kebigada gold deposit Mineral Resource to 124Mt @
1.03g/t Au, for 4.1Moz gold (0.5g/t Au cut-off grade), within the Giro Gold Project which represents a 28% or
0.8Moz increase in contained gold over previous estimate of 75Mt @ 1.18g/t Au, for 2.9Moz gold (0.6g/t Au cut-off
grade). The new Mineral Resource for Kebigada to over 4Moz gold is a milestone for Amani and confirms our
strategy of targeted deeper drilling. Kebigada, even now, remains open at depth along the entire strike of the orebody.
Giro Gold Project global resource for Kebigada and Douze Match deposits now exceeds 4.4Moz contained gold;
with a total Indicated and Inferred Mineral Resource Estimate of 132Mt @ 1.04g/t Au, for 4.4Moz gold (0.5g/t Au
cut-off grade).
We believe we have a major gold deposit here at Giro, Amani now has a very solid resource base to move to our
aim of significant gold production from a new African gold mine.
During the later part of 2020 Amani plans to complete deep 200m spaced drilling at Kebigada. The planned drilling
campaign will involve 4 core holes, each nominally 500m in length for a total of 2,000m. Previous planned drilling
campaigns have been delayed due to the availability of diamond core drill rigs in DRC because of border crossing
closures (i.e. Covid-19 related closures).
I look forward to more exploration successes at Giro Project this year.
I take this opportunity to thank all our staff and contractors for their dedicated work in substantially advancing our
gold projects this year.
The Company takes this opportunity to acknowledged the ongoing support of our long term shareholders and
welcomes new shareholders that have invested in Amani over the past year.
Klaus Eckhof
Chairman
Nice, thanks for posting... HBRM
And now we seem to have all the sellers OUT... you know what that means... BRYYF
Good choice and nice to see you here Wizard... ICNM
Correct, there are those who want cheapies...
She also said that more news would be available this week, better news even, funny how you FAILED to mention that. HBRM
Yes, They update it everyday for the past 3 months that I know of, something coming here...
Quarterly is due anytime now they seem to file a month late on average so hope we see something updated... Go BRYYF
ASX ANNOUNCEMENT 30 July 2020
JUNE 2020 QUARTERLY ACTIVITIES REPORT
Amani Gold Limited (ASX: ANL) (“Amani” or “the Company”) is
pleased to provide shareholders with the following Quarterly
Report for the three-month period ended 30 June 2020.
Giro Gold Project
The Giro Gold Project comprises two exploration permits covering
a surface area of 497km² and lies within the Kilo-Moto Belt of the
DRC, a significant under-explored greenstone belt which hosts
Randgold Resources’ 17 million-ounce Kibali group of deposits
within 35km of Giro. The nearby Kibali Gold Project produces more
than 600,000 oz gold per annum (Figure 1).
The Giro Gold Project area is underlain by highly prospective
volcano-sedimentary lithologies in a similar structural and
lithological setting as the Kibali gold deposits. Both primary and
alluvial gold was mined from two main areas, the Giro and Tora
areas, during Belgian rule and today these areas are mined
extensively by artisanal miners.
The Giro Gold Project global resource for the combined Kebigada
and Douze Match deposits exceeds 4.4Moz contained gold; with a
total Indicated and Inferred Mineral Resource Estimate of 132Mt @
1.04g/t Au, for 4.4Moz gold (0.5g/t Au cut-off grade, Table 1).
ASX ANNOUNCEMENT – 30 JULY 2020
page 2
Figure 1 - Map of Haute Uele Province of the Democratic Republic of Congo, showing the location of the
Kebigada and Douze Match gold deposits and tenement, Giro Gold Project
Table 1. Giro Gold Project Global MRE at 0.5 g/t Au Cut-off Grade
Classification
The Kebigada resource followed diamond core drilling results which successfully targeted
deeper high-grade sulphide associated gold mineralisation within the central core of the
Kebigada deposit.
Drillholes GRDD034 and GRDD035 are 240m apart and both outlined high-grade gold
mineralisation deeper than previously intersected at the Kebigada deposit. These gold
assay results and the current Kebigada MRE indicate the potential for the Kebigada deposit
to substantially grow via targeted deeper drilling along the entire strike of the orebody
(Figure 2). Amani plans to complete 200m spaced drilling north and south of drillholes
GRDD034 and GRDD035.
ASX ANNOUNCEMENT – 30 JULY 2020
page 3
Amani has planned a drilling campaign of four core holes, each nominally 500m in length
for a total of 2,000m which is expected to commence in October 2020 if diamond core drill
rigs are available, as COVID-19 has affected availability due to border closures.
Figure 2 - Map of Giro Gold Project, showing Kebigada and Douze Match deposits, tenement, surface geology,
prospect locations and diamond core drillholes GRDD034 and GRDD035 (Green)
CORPORATE
Placements
On 29 January 2020, Amani announced it had received a commitment from a Hong
Kong based investment company Neo Gold Limited (‘Neo Gold”) to raise $3.0 million
through the issue of 1 billion fully paid ordinary shares (Placement Shares) at an
ASX ANNOUNCEMENT – 30 JULY 2020
page 4
issue price of $0.003 per share (Placement) (refer ASX Announcement dated 29
January 2020).
Completion of the Placement was duly approved at a General Meeting of
shareholders held on 25 March 2020 (refer ASX Announcement dated 25 March
2020).
On 11 June 2020, Amani advised that Neo Gold had not completed the Placement
and failed to pay the $3.0M, in breach of its contractual obligations (refer ASX
Announcement dated 11 June 2020).
The Company is currently considering its position which may include the possibility
of legal action against Neo Gold.
As a consequence, Amani immediately sought alternative funding and on 23 June
2020 announced that it had completed a bookbuild for a two tranche placement to
sophisticated and professional investors to raise up to $2.55 million (“Placement”)
to fund ongoing exploration activities at the Giro and Gada gold projects in the DRC
and meet ongoing working capital requirements.
Under the fundraising, the Company agreed to issue up to 2,550 million fully paid
ordinary shares at an issue price of 0.1 cents per share (Placement Shares), raising
up to $2.55 million (before costs). Subject to receipt of Shareholder approval at a
General Meeting scheduled to take place on Friday, 14 August 2020, each Placement
Share will include 1.5 free attaching listed options (Options), with each having an
exercise price of 0.15 cents and expiry date three years from date of issue.
Tranche 1 of the Placement, which comprised 1,003,700,000 Shares, was issued
under the Company’s existing placement capacity under ASX Listing Rule 7.1, and
was completed on 2 July 2020.
Tranche 2 of the Placement, for up to 1,550,000,000 shares, is subject to
Shareholder approval at the General Meeting.
On 20 April 2020, Amani completed the placement of 699, 047,035 shares at $0.003
per share to Shining Mining Limited as approved by Shareholders at a reconvened
General Meeting held on 8 April 2020 to raise $2,097,141. (refer ASX Announcement
dated 24 April 2020). The proceeds were applied to offset an amount owed by the
Company.
Board
On 24 June 2020 Mr Tsang King Sun moved from Executive Director to a Non -executive
role with Amani Gold.
Mr Qiuming Yu was appointed as a director of the Company under a binding
subscription agreement entered into between the Company and Luck Winner
Investment Limited (Luck Winner), as announced on 7 July 2017 as a capital raising
transaction (Subscription Agreement). Within the Subscription Agreement, Luck
ASX ANNOUNCEMENT – 30 JULY 2020
page 5
Winner was entitled to representation on the Amani Board under the terms set out
below.
The terms of that Subscription Agreement included Board representation for Luck
Winner on the following terms, as set out in cla use 5.2(c) as follows:
• 3 nominee directors if Luck Winner holds at least 19.4% of Amani's issued
shares;
• 2 nominee directors if Luck Winner holds less than 19% of issued shares for
more than 15 consecutive days; and
• 1 nominee director is Luck Winner holds less than 15% of issued shares for
more than 15 consecutive days; and
• No entitlement to representation if Luck Winner holds less than 10% of issued
shares.
The Subscription Agreement required Luck Winner's Nominee Directors to submit
their resignation to the Amani Board in the event that there was a change of issued
shares held by Luck Winner, which modified their entitlement to representation as
set out above.
The subsequent announcement on 11 July 2017 relating to the subscription
Agreement confirmed the completion of stage 1 of the Subscription Agreement. Per
the terms of the Agreement, Luck Winner nominated 3 nominees to the Amani Board,
due to their shareholding at the time including Mr Qiuming Yu as a non -executive
director.
Mr Yu was initially appointed as Chairman of the Board, replacing Mr Eckhof. Mr Klaus
Eckhof replaced Mr Qiuming Yu as Chairman on 9 April 2019, following Mr Yu's
retirement as Chairman.
Luck Winner currently holds less than 10% of Amani's issued shares, and has held less
than 10% of Amani's issued shares for several months. Therefore it is not entitled to
have a nominee director appointed to the Board of the Company. In spite of repeated
requests from the Amani Board for Mr Yu to submit his resignation under the terms
of the Subscription Agreement, Mr Yu has failed to do so.
Mr Yu has failed to respond to requests from the Board for his resignation .
The Company Constitution permits the shareholders of the Company to remove any
director from office by resolution at a general meeting. The Company has provided
Mr Yu with his required notice under s203D of the Corporations Act, inviting Mr Yu
to put his case to the Shareholders by providing a written statement, subject to
satisfying ss 203D(5) and (6), or by speaking to the motion at the meeting. As of the
date of this Notice, Mr Yu has yet to issue a written statement for the Company to
circulate to shareholders. In the event Mr Yu does provide a written statement, the
Company will circulate the statement prior to th e General Meeting.
ASX ANNOUNCEMENT – 30 JULY 2020
page 6
General Meeting
Amani will convene a General Meeting of Shareholders in Adelaide on 14 August
2020, with a Notice of Meeting lodged with the ASX on 14 July 2020.
Resolutions to be put to the meeting are as follows:
- Resolution 1 – Ratification of a Previous Issue of Shares under a Placement
- Resolution 2 – Issue of Shares under a Placement
- Resolution 3 – Issue of Options to Placement Participants
- Resolution 4 – Issue of Options to Hartleys Limited
- Resolution 5 – Approval of Issue of Securities to Directors under a Placement
- Resolution 6 – Removal of Mr Qiuming Yu as a Director.
Company Cash
The Company’s cash balance as at 30 June 2020 was $ 1,135,000.
For more information contact:
Mr. Grant Thomas
Technical Director
Tel: +61 0437553531
Email: grant.thomas@amanigold.com
Website: www.amanigold.com
ASX ANNOUNCEMENT – 30 JULY 2020
page 7
Previous Disclosure - 2012 JORC Code
Information relating to Mineral Resources, Exploration Targets and Exploration Data associated with previous
disclosures relating to the Giro Goldfields Project in this announcement has been extracted from the following ASX
Announcements:
• ASX announcement titled “Major Exploration Resource Delineation Drilling Program at Giro and Gada
Funded by Completed Capital Raise” dated 23 June 2020.
• ASX announcement titled “Neo Gold Does Not Complete $3.0M Placement and Amani Gold to Seek
Alternative Funds” dated 9 June 2020.
• ASX announcement titled “Kebigada Mineral Resource Estimate Exceeds 4Moz Gold Milestone” dated 19
March 2020.
• ASX announcement titled “High Grade Gold Results from Deeper Diamond Core Drilling at Kebigada
Deposit Opens Up Mineralisation Model” dated 31 October 2019.
• ASX announcement titled “Phase One Diamond Core Drilling Completed at Kebigada Deposit, Giro Gold
Project” dated 11 October 2019.
• ASX announcement titled “Amani Completes MOU over Gada Gold Project with SOKIMO and Commences
Exploration” dated 19 August 2019 and
• ASX announcement titled “Giro Gold Project Exceeds 3Moz gold, with Douze Match Maiden Mineral
Resource Estimate of 320koz gold” dated 10 December 2018.
Copies of reports are available to view on the Amani Limited website www.amani.com.au. These reports were
issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data
that materially affects the information included in the original market announcements. The Company confirms
that the form and context in which the Competent Person’s findings are presented have not been materially
modified from the original market announcement.
Mineral Interests held at 30 June 2020 are as follows: -
Location Concession
name and type
Registered
Holder
Amani’s
current equity
interest
Maximum equity interest
capable
of being earned
Notes
DRC Giro Exploitation Permits
PEs 5046 & 5049
Giro Goldfields sarl 55.25% 55.25% 1
DRC - Democratic Republic of Congo Notes:
1. In September 2014 Amani Gold completed the acquisition of 85% of the share capital in Amani Consulting sarl
(“Amani Consulting”), which entity owns 65% of the capital in Giro Goldfields sarl (“Giro sarl”), a DRC registered
company and the registered holder of the two exploitation permits comprising the Giro Project. Amani Gold is
responsible for sole funding exploration on the Giro Project. Société Minière De Kilo Moto SA (“Sokimo”), a limited
liability company wholly owned by the DRC Government holds the other 35% interest in Giro sarl.
Changes in the Quarter to tenement interests / farm-in and joint venture agreements:
There were no changes during the quarter.
What would you like to know? it's all right here however you must pick and choose...
https://www.otcmarkets.com/stock/HBRM/disclosure
HBRM
Herborium Group, Inc.
Common Stock
0.0024
-0.0001
-4.00%
0.0023 / 0.0024 (1 x 1)
Real-Time Best Bid & Ask: 05:00pm 03/24/2021
Delayed (15 Min) Trade Data: 03:59pm 03/24/2021
Overview
Quote
Company Profile
Security Details
News
Financials
Disclosure
Research
FILINGS AND DISCLOSURE
OTC Disclosure & News
ActiveInactiveAll
PUBLISH DATE TITLE PERIOD END DATE STATUS
01/08/2021 Attorney Letter with Respect to Current Information - HBRM Legal Opinion for the Year Ending November 30, 2020 11/30/2020 A
01/05/2021 Annual Report - Herborium Consolidated Financials for the Year Ending November 30, 2020 11/30/2020 A
01/05/2021 Annual Report - Herborium Annual OTC Report for the Year Ending November 30, 2020 11/30/2020 A
12/30/2020 Quarterly Report - Herborium Group Quarterly Report For Q32020 for the period ending August 31, 202031, 2 08/31/2020 A
12/30/2020 Quarterly Report - Herborium Group Quartely Report for Q2, 2020 For the period ending May 31, 2020 08/31/2020 A
12/30/2020 Quarterly Report - Herborium Group Quarterly Report For The Q1 2020 For Period Ending 02/29/20 02/29/2020 A
12/21/2020 Quarterly Report - The Consolidated Financial Statements Q3, 2020 Ending August 31, 2020 08/31/2020 A
12/21/2020 Quarterly Report - The Consolidated Financial Statements for Q2, 2020 Ending May 31, 2020 05/31/2020 A
12/21/2020 Quarterly Report - The Consolidated Financial Statements for Q1 Ending 02/29/2020 02/29/2020 A
03/17/2020 Attorney Letter with Respect to Current Information - Legal Opinion in reference to the Annual Report ending November 30, 2019 11/30/2019 A
03/06/2020 Annual Report - Consolidated Financial Statements for the Period Ending 11/30/2019 11/30/2019 A
03/06/2020 Annual Report - Annual Report For the Period Ending November 30, 2019 11/30/2019 A
12/06/2019 Attorney Letter with Respect to Current Information - Amended Attorney Letter for Annual Report 2018 and Q1,Q2 and Q3 2019 Ending August 31, 2019 08/31/2019 A
12/05/2019 Quarterly Report - Amended Quarterly Report for Q3 2019 08/31/2018 A
12/05/2019 Quarterly Report - Amended Quarterly Report for Q2, 2019 05/31/2018 A
12/05/2019 Quarterly Report - Amended Quarterly Report for Q1 2019 02/28/2019 A
12/05/2019 Annual Report - Amended Annual Report and Consolidated Financial Statements according to US GAAP 11/30/2018 A
12/02/2019 Attorney Letter with Respect to Current Information - Attorney Letter With Respect to Current Information for Annual Report 2018 and Q1, Q2 and Q3 2019 08/31/2019 A
12/02/2019 Quarterly Report - Consolidated Financial Statements Q3, 2019 Period Ending August 30, 2019 GAAP Compliant 019 08/31/2019 A
12/02/2019 Quarterly Report - Quarterly Report for Q3 2019 Period ending August 31, 2019 08/31/2019 A
12/02/2019 Quarterly Report - Updated Consolidated Financial Statements Q2 2019 GAAP US compliant 05/31/2019 A
12/02/2019 Quarterly Report - Updated Q2 2019 Report Ending 05/31/2019 05/31/2019 A
12/02/2019 Quarterly Report - Consolidated Financial Statements US GAAP Compliant Q1,2019 ending 02/28/2019 02/28/2018 A
12/02/2019 Quarterly Report - Updated Quarterly Report for Q1 2019 ending February 28, 2019 02/28/2019 A
12/02/2019 Annual Report - Updated Annual Report and Consolidated Statements for Period ending 11/30/2018 11/30/2018 A
11/27/2018 Quarterly Report - Quarterly Report for Q3 2018 08/31/2018 A
11/27/2018 Quarterly Report - Consolidated Financials for Q3 2018 08/31/2018 A
08/15/2018 Quarterly Report - Disclosure for Q2 2018 05/31/2018 A
08/15/2018 Quarterly Report - Amended Q2 2018 05/31/2018 A
04/15/2018 Quarterly Report - Financial Statements 02/28/2018 A
04/15/2018 Quarterly Report - Quarterly Report 02/28/2018 A
02/28/2018 Management Discussion and Analysis - Management Discussion and Analysis 02/28/2018 A
02/28/2018 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 11/30/2017 A
02/27/2018 Annual Report - Financial Statements 11/30/2017 A
02/27/2018 Annual Report - Annual Report 11/30/2017 A
10/17/2017 Management Discussion and Analysis - Management Discussion and Analysis 08/31/2017 A
10/13/2017 Quarterly Report - Quarterly Report 08/31/2017 A
10/13/2017 Quarterly Report - Consolidated Financial Statements 08/31/2017 A
07/14/2017 Quarterly Report - Financial Statements 05/31/2017 A
07/14/2017 Quarterly Report - Quarterly Report 05/31/2017 A
04/14/2017 Management Discussion and Analysis - Management Discussion and Analysis 02/28/2017 A
04/14/2017 Quarterly Report - Financial Statements 02/28/2017 A
04/14/2017 Quarterly Report - Quarterly Report 02/28/2017 A
03/13/2017 Supplemental Information - Supplemental Information 03/13/2017 A
03/02/2017 Annual Report - Annual Report 11/30/2016 A
02/27/2017 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 11/30/2016 A
02/27/2017 Management Discussion and Analysis - Management Discussion and Analysis 11/30/2016 A
02/27/2017 Annual Report - Financial Statements 11/30/2016 A
01/09/2017 Attorney Letter with Respect to Current Information - Attorney Letter 08/31/2016 A
10/18/2016 Quarterly Report - Financial Statements 08/31/2016 A
10/18/2016 Management Discussion and Analysis - Management Discussion and Analysis 08/31/2016 A
10/18/2016 Quarterly Report - Quarterly Report 08/31/2016 A
07/15/2016 Quarterly Report - Quarterly Report 05/31/2016 A
07/15/2016 Quarterly Report - Financial Statements 05/31/2016 A
04/15/2016 Management Discussion and Analysis - Quarterly Report 02/29/2016 A
04/15/2016 Quarterly Report - Quarterly Report 02/29/2016 A
04/15/2016 Quarterly Report - Financial Statements 02/29/2016 A
02/29/2016 Management Discussion and Analysis - Management Discussion and Analysis 11/30/2015 A
02/29/2016 Annual Report - Financial Statements 11/30/2015 A
02/29/2016 Annual Report - Officers Certificate 11/30/2015 A
02/29/2016 Annual Report - Annual Report 11/30/2015 A
10/15/2015 Management Discussion and Analysis - Management Discussion and Analysis 08/31/2015 A
10/15/2015 Quarterly Report - Financial Statements 08/31/2015 A
10/15/2015 Quarterly Report - Quarterly Report 08/31/2015 A
07/16/2015 Quarterly Report - Quarterly Report 05/31/2015 A
07/16/2015 Management Discussion and Analysis - Management Discussion and Analysis 05/31/2015 A
07/15/2015 Quarterly Report - Financial Statements 05/31/2015 A
04/16/2015 Management Discussion and Analysis - Management Discussion and Analysis 02/28/2015 A
04/15/2015 Quarterly Report - Quarterly Report 02/28/2015 A
04/15/2015 Quarterly Report - Financial Statements 02/28/2015 A
03/02/2015 Management Discussion and Analysis - Management Discussion and Analysis 11/30/2014 A
02/28/2015 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 11/30/2014 A
02/27/2015 Annual Report - Officers Certificate 11/30/2014 A
02/27/2015 Annual Report - Consolidated Financial Statements 11/30/2014 A
02/27/2015 Annual Report - Annual Report 11/30/2014 A
10/15/2014 Quarterly Report - Quarterly Report 08/31/2014 A
10/15/2014 Quarterly Report - Management Discussion 08/31/2014 A
10/15/2014 Quarterly Report - Financial Statements 08/31/2014 A
07/16/2014 Management Discussion and Analysis - Management Discussion and Analysis 05/31/2014 A
07/15/2014 Quarterly Report - Financial Statements 05/31/2014 A
07/15/2014 Quarterly Report - Quarterly Report 05/31/2014 A
04/16/2014 Management Discussion and Analysis - Quarterly Report 02/28/2014 A
04/16/2014 Quarterly Report - Financial Statements and Notes 02/28/2014 A
04/15/2014 Quarterly Report - Quarterly Report 02/28/2014 A
03/04/2014 Supplemental Information - Management Discussion of Annual Report 2013 11/30/2013 A
02/28/2014 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 11/30/2013 A
02/28/2014 Annual Report - Officer Certificate 11/30/2013 A
02/28/2014 Annual Report - Financial Statements 11/30/2013 A
02/28/2014 Annual Report - Annual Report 11/30/2013 A
10/15/2013 Quarterly Report - Management Discussion 08/31/2013 A
10/15/2013 Quarterly Report - Financial Statements 08/31/2013 A
10/15/2013 Quarterly Report - Quarterly Report 08/31/2013 A
07/15/2013 Quarterly Report - Quarterly Report 05/31/2013 A
07/15/2013 Quarterly Report - Financials 05/31/2013 A
04/15/2013 Annual Report - Updated 11/30/2012 A
04/15/2013 Quarterly Report - Financial Statements 02/28/2013 A
04/15/2013 Quarterly Report - Quarterly Report 02/28/2013 A
02/28/2013 Supplemental Information - Management's Discussion of Annual Report 2012 11/30/2012 A
02/28/2013 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 11/30/2012 A
02/28/2013 Annual Report - Financial Statements 11/30/2010 A
02/28/2013 Annual Report - Annual Report 11/30/2012 A
10/15/2012 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 08/31/2012 A
10/15/2012 Quarterly Report - Officer's Certification 08/31/2012 A
10/15/2012 Quarterly Report - Quarterly Report 08/31/2012 A
10/15/2012 Quarterly Report - Financial Statements 08/31/2012 A
07/16/2012 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 05/31/2012 A
07/16/2012 Quarterly Report - Quarterly Report 05/31/2012 A
07/16/2012 Quarterly Report - Financial Statements 05/31/2012 A
07/13/2012 Quarterly Report - Officer Certification 05/31/2012 A
04/12/2012 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 02/29/2012 A
04/12/2012 Quarterly Report - Financial Statements 02/29/2012 A
04/12/2012 Quarterly Report - Quarterly Report 02/29/2012 A
03/01/2012 Supplemental Information - Supplemental Information 11/30/2011 A
03/01/2012 Supplemental Information - Supplemental Information 11/30/2011 A
02/29/2012 Attorney Letter with Respect to Current Information - Opinion Letter 11/30/2011 A
02/28/2012 Annual Report - Annual Report 11/30/2011 A
02/28/2012 Annual Report - Financial Statements 11/30/2011 A
02/20/2012 Initial Company Information and Disclosure Statement - Initial Company Information and Disclosure Statement 03/20/2010 A
10/14/2011 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 08/31/2011 A
10/13/2011 Quarterly Report - Financial Statements 08/31/2011 A
10/13/2011 Quarterly Report - Quarterly Report 08/31/2011 A
08/26/2011 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 02/28/2011 A
08/26/2011 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 11/30/2010 A
08/23/2011 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 05/31/2011 A
08/17/2011 Quarterly Report - Financial Statements 05/31/2011 A
08/17/2011 Quarterly Report - Quarterly Report 05/31/2011 A
08/17/2011 Annual Report - Financial Statements 11/30/2010 A
08/17/2011 Annual Report - Annual Report 11/30/2010 A
08/02/2011 Quarterly Report - Quarterly Report 02/28/2011 A
07/29/2011 Quarterly Report - Financial Statements 02/28/2011 A
12/21/2010 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 08/31/2010 A
12/20/2010 Quarterly Report - Quarterly Report 08/31/2010 A
12/20/2010 Quarterly Report - Consolidated Financial Statements 08/31/2010 A
12/13/2010 Attorney Letter with Respect to Current Information - Attorney Letter 08/31/2010 A
11/03/2010 Supplemental Information - Forward Looking Statements 11/03/2010 A
11/02/2010 Supplemental Information - Marketing Plan Addendum 1 11/02/2010 A
10/28/2010 Supplemental Information - Marketing Plan 2010 10/28/2010 A
10/18/2010 Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information 05/31/2010 A
10/13/2010 Initial Company Information and Disclosure Statement - Amended Initial Issuer Information Statement 05/31/2010 A
10/11/2010 Corporate Bylaws - Amended and Restated Bylaws 11/30/2009 A
10/11/2010 Articles of Incorporation - Second Amended and Restated Articles of Incorporation 11/30/2009 A
10/05/2010 Initial Company Information and Disclosure Statement - Financial Statements for Years ended November 30 2009 and 2008 11/30/2009 A
09/09/2010 Initial Company Information and Disclosure Statement - Financial Statements - Period ending May 31, 2010 05/31/2010 A
09/09/2010 Initial Company Information and Disclosure Statement - Appendix A - Merger Agreement 05/31/2010 A
09/09/2010 Initial Company Information and Disclosure Statement - Initial Company Information and Disclosure Statement
No nothing from the company, found this on Wikipedia about the mining fields supposed to be around 25.7m ounces of gold there... even if BRYYF got 3% of the find that would net then 837,000,000 ounces of the gold x 1700.00 nets 1,422,900,000,000 Yeah 3% of course Africa would get their cut.
https://en.wikipedia.org/wiki/Kilo-Moto
Kilo-Moto
From Wikipedia, the free encyclopedia
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Kilo-Moto
Location
Kilo-Moto is located in Democratic Republic of the CongoKilo-MotoKilo-Moto
Location in DRC
District Haut-Uele, Ituri
Country Democratic Republic of the Congo
Coordinates 1°46'15?N 30°17'27?ECoordinates: 1°46'15?N 30°17'27?E
Production
Products Gold
History
Opened 1905
Kilo-Moto is a region in the far northeast corner of the Democratic Republic of the Congo (DRC) where gold was discovered in the Ituri River by government prospectors in 1903. Moto is in the Haut-Uélé Province and Kilo in the Ituri Province.[1]
Contents
1 Location
2 Colonial period
3 Post-colonial developments
4 References
5 External links
Location
Kilo Moto is a semi-continuous greenstone belt in the northeast of the DRC. In the northern part, the Moto Goldmines project has an aggregate lease area of 1,841 square kilometres (711 sq mi), with most activity centered on a 35 square kilometres (14 sq mi) area around the old Durba gold mine. It is possible that as much as 25.7m ounces of gold are present. In the center is the Zani-Kodo area. To the south is the Mongbwalu field, a 10,000 square kilometres (3,900 sq mi) concession to the north and east of Bunia that is mainly owned by AngloGold Ashanti with the DRC parastatal Office des Mines de Kilo Moto (OKIMO) holding a 13.78% interest.[2]
Colonial period
The Kilo mine was opened in 1905 and the Moto mine in 1911. Gold was also extracted by panning the river gravels. In 1919 the government created the Régie Industrielle des Mines de Kilo-Moto, an autonomous body. In 1926 the Régie was converted into a commercial company, the Société des Mines d’Or de Kilo-Moto. Hydroelectric stations were built to power the crushing plants, and by 1930 the two mines, but mostly Kilo, were producing almost 5,000 kilograms (11,000 lb) annually.[3]
During the 1950s and 1960s Belgian charter companies extracted over 3m ounces from a total recorded 11m ounces of gold from hard-rock mines in the Kilo Moto belt. Mining included a mixture of alluvials and shallow oxide pits.[2] There were also underground industrial mines near Mongbwalu, namely Adidi, Senzere and Makala.[4] The Democratic Republic of the Congo became independent in 1960 and the company was nationalised without compensation in 1967.[1][3]
Post-colonial developments
As of 2011, Rio Tinto Mining and Exploration was in a joint venture with Kilo Goldmines, a Canadian company, to develop properties in the vicinity of Isiro and Mambasa.[5] Kilo Goldmines was also active in a joint venture with Somituri sprl, a local company, in exploiting properties in the territories of Mambasa and Wamba near the village of Nia Nia. Colonial mines produced gold in this area from the 1920s until 1958.[6] OKIMO held a 10% interest in a joint venture between AngloGold Ashanti and Randgold in the Kibali Gold Mine which the Randgold CEO has called the largest gold mine in Africa outside of South Africa.[7] The partners had acquired the former owner Moto Gold Mines in October 2009.[2]
Amani Gold’s Kebigada mineral resource exceeds milestone~Mar 20, 2020
https://www.miningreview.com/central-africa/amani-golds-kebigada-mineral-resource-exceeds-milestone/
Amani Gold Diamond drilling hole at the Giro gold project in the Democratic Republic of Congo
ASX-listed gold explorer and developer Amani Gold has achieved a substantial upgrade to the mineral resource at the Kebigada gold deposit within the Giro gold project in the Democratic Republic of Congo.
The mineral resource now stands at 124 Mt grading at 1.03g/t of gold for 4.1 Moz of gold at a cut-off grade of 0.5g/t.
The new mineral resource estimate represents a 28% or 800 000 oz increase in contained gold over the previous estimate of 75 Mt grading at 1.18g/t gold, for 2.9 Moz of gold at a cut-off grade of 0.6g/t.
READ MORE: Amani Gold on track to become a major gold tenement holder
The global resource at the Kebigada and Douze Match deposits within the Giro gold project have exceeded Amani Gold’s milestone of 4 Moz and these deposits continue to provide ongoing success in terms of gold exploration results and project scale.
“The new mineral resource upgrade for Kebigada at over 4.1Moz gold is a milestone for Amani and confirms our strategy of targeted deeper drilling,” says Amani Gold technical director Grant Thomas.
“Kebigada, even now, remains open at depth along the entire strike of the orebody. We believe we have a major gold deposit here at Giro, and Amani now has a very solid resource base to move to our aim of significant gold production from a new African gold mine,” Thomas adds.
The Giro gold project comprises two exploration permits covering a surface area of 497 km² and lies within the Kilo-Moto Belt of the DRC, a significant under-explored greenstone belt which hosts Randgold Resources’ 17 Moz Kibali group of deposits within 35 km of Giro. The nearby Kibali gold project produces in excess of 600 000 ozpa of gold.
The new Kebigada resource follows diamond core drilling results which successfully targeted deeper high-grade sulphide associated gold mineralisation within the central core of the Kebigada deposit.
Planned exploration activities
Holes GRDD034 and GRDD035 have both outlined high-grade gold mineralisation deeper than previously intersected at the Kebigada deposit. These gold assay results and the current Kebigada mineral resource estimate indicates the potential for the Kebigada deposit to substantially grow via targeted deeper drilling along the entire strike of the orebody.
Amani plans to complete 200 m spaced drilling north and south of drill holes GRDD034 and GRDD035 and similar spaced drill holes along the western edge of the deposit.
This planned drilling campaign will involve 12 core holes, each nominally 500 m in length for a total of 6 000 m. This drilling campaign is expected to commence in May/June 2020.
Results should be available soon then, have to keep an eye on it. BRYYF
New news 'NOT' from Amani but a news outlet in Giro Africa that Amani has acquired 3,000,000 $ to drill.
https://copperbeltkatangamining.com/amani-gold-raises-cash-to-advance-giro-gold-project/
AMANI GOLD RAISES CASH TO ADVANCE GIRO GOLD PROJECT
FEBRUARY 8, 2021 JANET
ASX-listed Amani Gold plans to raise up to $3 million to fund deep core drilling, resource estimates and DRC feasibility studies at the Giro gold project located in the Democratic Republic of Congo and meet ongoing working capital requirements.
The Giro gold project comprises two exploration permits, Kebigada and Douze Match, covering a surface area of 497 km² and lies within the Kilo-Moto Belt of the DRC, a significant under-explored greenstone belt which hosts the 17 Moz Kibali group of deposits within 35 km of Giro.
Under the two-tranche placement, Amani Gold has agreed to issue up to 3 000 million fully paid ordinary shares at an issue price of $0.001 per share, raising up to $3 million (before costs). Subject to receipt of shareholder approval, each placement share will include 1 free attaching listed option, with each having an exercise price of $0.0015 and expiry date 15 January 2024.
Tranche 1 of the placement, comprises 1 400 000 000 shares, while tranche 2 will comprise up to 1 600 000 000 shares (and 3 000 000 000 options), both of which are subject to shareholder approval.
“Amani is buoyed by the support demonstrated for the Placement by existing shareholders and new investors of the company,” says Amani Gold executive director Klaus Eckhof.
“The funds will allow us to grow the Kebigada deposit beyond the current 4.1 Moz of gold (0.5 g/t gold cut-off grade) by extensional and deeper core drilling and complete the DRC feasibility study,” he adds.
During 2020 the Kebigada mineral resource was upgraded to 4.1 Moz of gold following an extraordinarily successful deeper drilling programme. A new core drilling campaign of 2 000 m is planned to commence at Kebigada in March 2021.
Previous planned drilling campaigns have been delayed due to the availability of diamond core drill rigs in DRC because of border crossing closures (i.e. COVID-19 related closures). The geological team is at Giro camp preparing for drilling activities. A mutipurpose drill rig has been serviced at camp and is operational and a new mineral resource estimate for Kebigada will also be completed.
Meanwhile, in December 2020 Beijing General Research Institute of Mining and Metallurgy (BGRIMM) commenced an update of the Kebigada deposit DRC feasibility study. The feasibility study will comply with, and in many aspects exceed current DRC regulations.
The updated DRC feasibility study will incorporate the current Kebigada mineral resource estimate of 4.1 Moz of gold (0.5g/t Au cut-off grade, which is substantially larger than the Kebigada maiden mineral resource estimate of 2.1 Moz of gold (0.9g/t of gold cut-off grade) which was utilised in previous studies.
The study is expected to be completed by the end of February 2021.
Amani Gold Limited Chairman’s Message For the year ended 30 June 2020 Page 3
Dear Shareholders,
I am pleased to present the 2020 Annual Report for Amani Gold Limited (ASX: ANL).
This year has seen your Company focus on growing the resources at our flagship Giro Gold Project in the Democratic
Republic of Congo.
During the year Amani completed a substantial upgrade of the Kebigada gold deposit Mineral Resource to 124Mt @
1.03g/t Au, for 4.1Moz gold (0.5g/t Au cut-off grade), within the Giro Gold Project which represents a 28% or
0.8Moz increase in contained gold over previous estimate of 75Mt @ 1.18g/t Au, for 2.9Moz gold (0.6g/t Au cut-off
grade). The new Mineral Resource for Kebigada to over 4Moz gold is a milestone for Amani and confirms our
strategy of targeted deeper drilling. Kebigada, even now, remains open at depth along the entire strike of the orebody.
Giro Gold Project global resource for Kebigada and Douze Match deposits now exceeds 4.4Moz contained gold;
with a total Indicated and Inferred Mineral Resource Estimate of 132Mt @ 1.04g/t Au, for 4.4Moz gold (0.5g/t Au
cut-off grade).
We believe we have a major gold deposit here at Giro, Amani now has a very solid resource base to move to our
aim of significant gold production from a new African gold mine.
During the later part of 2020 Amani plans to complete deep 200m spaced drilling at Kebigada. The planned drilling
campaign will involve 4 core holes, each nominally 500m in length for a total of 2,000m. Previous planned drilling
campaigns have been delayed due to the availability of diamond core drill rigs in DRC because of border crossing
closures (i.e. Covid-19 related closures).
I look forward to more exploration successes at Giro Project this year.
I take this opportunity to thank all our staff and contractors for their dedicated work in substantially advancing our
gold projects this year.
The Company takes this opportunity to acknowledged the ongoing support of our long term shareholders and
welcomes new shareholders that have invested in Amani over the past year.
Klaus Eckhof
Chairman
Giro is the Lucky Winner for Amani Gold
A capital injection of $US25
million could help Klaus
Eckhof realise his ambition of
defining the next Kibali.
Eckhof's Amani Gold Ltd
(formerly Burey Gold) has
entered into a non-binding
Moll with Hong Kong's Luck
Winner Investment Ltd to
raise the capital required to
kick-start the Giro gold project in the DRC.
The capital raising comprises the issue of 500 million shares at 5c/share, with
additional free-attaching
options of 250 million at 7c/
share with a term of two
years from the issue date.
Once completed, Luck
Winner will hold about 28%
of issued shares in Amani
and become the company's
cornerstone investor.
Amani chairman Eckhof told Paydirt
the capital raising would put the company in a strong position to take the project
towards an initial PFS and measured resource.
"[Luck Winner] were pretty keen on
production, so they want to do a big infill
drilling programme after the maiden resource and get it up to a measured resource fairly quickly," Eckhof said.
"We are trying to get the resource up
to 4-5 moz hopefully,
that's basically the target. With the backing of
the Chinese, we can be
fairly aggressive.
"[Luck Winner] were
looking for a $US100
million investment,
which I couldn't really
do. We agreed on a
$US25 million investment initially and they
will potentially look to
finance or actually buy
the plant themselves.
They certainly have a
fast-tracked vision there at the moment.
The exploration programme will also be
aggressive."
Giro is only 30km away from the 17
moz Kibali gold mine - the Randgold
Resources Ltd/AngloGold Ashanti Ltd JV
Amani is raising SUS25 million to continue exploration at the Giro gold
project in the DRC
which Eckhof was instrumental in discovering.
He is already noticing similarities between it and Giro.
"Kibali, I mean that is pretty much the
same as [Giro] in volcanoclastic rocks.
You have also got the granodiorite intrusions. It is pretty much the same sort of
setting," Eckhof said.
"The question is if I have got multiple
resources everywhere, I haven't got that
yet. But then again... it took me four or
; five years to develop all the
other separate deposits [at
Kibali]."
Made up of two exploration
permits covering 497sq km,
the Giro project sits within
the largely unexplored KiloMoto belt.
Amani has reported signifi-
' ^ I cant mineralisation from the
j fl I maiden drilling programme at
JU I the Douze Match prospect,
M I with results including 2m @
^^^ ™ 196 g/t gold from 12m, 15m
Klaus Eckhof
(5) 255.6 o/t Gold from 15m
and 3m @ 1,260 g/t gold
from 15m.
Drilling at the Kebigada prospect has
also returned some encouraging results,
including 97m @ 2.56 g/t gold from surface, 47m @ 4.13 g/t gold from 25m and
29m @ 5.93 g/t gold from 25m.
Amani also plans to start
aggressively exploring the
neighbouring Tendao project.
"[Investors] are also
keen to explore Tendao,
which we are in the process of acquiring," Eckhof
said.
"[Tendao] is around 5km
of old workings and operations from the Belgians out
of the 1950s. We've done
a lot there already, but we
won't start drilling until the
final signature is done.
"With that project
there is probably another
chance to maybe find another 2 moz fairly quickly
and at very good grades."
Once Luck Winner completes the next stage of
due diligence, both parties will enter into
a binding subscription agreement.
The two key shareholders of Luck Winner are Yu Qiuming and Fu Shen, who
both have several years of experience in
developing and mining copper and gold
projects in China.
Eckhof said the Chinese offer wasn't
the only one on the table, but it was the
most attractive.
"[Lower offers] didn't really interest me
because the last placement was done at
5c/share," he said.
"That is why I tried to get somebody
else to come in who would also take it
at 5c/share, rather than taking it at the
lower levels."
Momentum seems to be building at
Amani and the Giro project, and investors are starting to notice.
"For the other companies I have, suddenly I have started getting a lot of phone
calls. People are wanting to take big
stakes in it," Eckhof said.
"There seems to be a big appetite suddenly from China...I think they have to
deploy the US dollar somewhere, in resources in general. That is the only way
they can do it."
- Jon Daly
OLD NEWS but still pertinent, Burey Gold Limited (BYR) > Giro Gold Project Drilling Programme and Project Outlook
Burey Gold Limited (BYR)
Giro Gold Project Drilling Programme and Project Outlook
02 June 2016 - Exploration Manager: Mark Gasson
Open Briefing interview with Exploration Manager Mark Gasson
In this Open Briefing®, Mark Gasson discusses:
- Giro Gold Project Drilling Programme
- Douze Match and Mangote
- Giro Project Scale and Strategy
- Moto Gold Belt Endowment
- Overview and Outlook
Record of interview:
openbriefing.com Burey Gold Limited (ASX: BYR) has commenced an RC drilling programme across several targets within its 610km² tenement package at the Giro Gold Project, situated in the Kilo-Moto Greenstone Belt in northern DRC. The targets comprise two large soil anomalies that have been identified from sampling and artisanal workings at Douze Match and Mangote and there will be some targeted drilling on the Kebigada Shear Zone. Can you explain the style of the programme and what you are proposing to uncover in the scheme of the greater Giro Project? When do you expect the programme to complete and have results?
Exploration Manager Mark Gasson
Three drill fence lines have been planned (See Figure 1) across 1km of the coherent gold-in-soil anomaly in an area of extensive artisanal activity along the granite contact zone with banded iron formation (BIF) and volcanics where the Belgians mined historically. Holes will be drilled through the weathered zone until one rod of fresh material has been recovered with complete coverage across each drill fence. Mapping has shown that artisanal miners are recovering gold from a highly stockworked and quartz veined granite and from high grade quartz veins in bordering BIFs’. An outcrop showing similar silicification and sulphide mineralisation as that at Kebigada was also identified from mapping at Douze Match further confirming the potential for the area. The programme will target both the granites and BIFs’ over the best kilometre of the target which has a potential strike length of more than 4kms. Infill soil sampling programmes are ongoing to better define the strike extent of the current soil anomaly.
Mapping and soil sample field validation is currently ongoing at nearby Mangote where the 300m zone mined by the Belgians sits within a 1km long gold in soil anomaly. The extent of artisanal mining in this northern target area suggests there is good potential for new discovery in addition to the high grade shear mined by the Belgians. A shallow RC drilling programme will be planned for follow up once field work has been completed.
The 3,000m RC drilling programme should be completed at Douze Match within three weeks with first results expected by the end of June.
Figure 1: Drill fence location map showing the interpreted geology and soil anomaly at the Douze Match target area.
Figure 1: Drill fence location map showing the interpreted geology and soil anomaly at the Douze Match target area.
openbriefing.com
What is the history of the Douze Match and Mangote targets in terms of the previous Belgian mining operations? Is it possible that they are large enough to be standalone resources? What is the overall picture developing into in terms of project scope?
Exploration Manager Mark Gasson
Little is known of Belgian activities in the Douze Match area as no historic reports have been obtained. It is reported locally that the Belgians produced alluvial gold from the river bed at Douze Match and mined high grade quartz veins from their Tango Prospect in the BIFs’ adjacent to the granite contact. No production records are available and it is assumed that ore from the underground development was transported to the nearby processing plant at Mangote where high grade quartz veins were mined over 300m. At Mangote, on the other hand, records showed that the quartz veins reported up to 485g/t Au over 30cm. Recent diamond drilling at Mangote confirmed the high grades as well as the potential for a wider zone of mineralization than that mined by the Belgians as announced 26 April 2016.
The size of the soil anomalies at Douze Match and Mangote, current artisanal activity and the known history of Belgian mining at Mangote over approximately 30 years suggests the area has good potential to host a standalone operation. However, given the proximity to the Giro Prospect at Kebigada, the economic benefits may be greater for a central processing plant to process ore from any number of discoveries in the Company’s licence area.
The current plan is to confirm the source of mineralisation in the soil anomalies and to confirm the potential for broad open pittable areas of mineralisation similar to those at Kebigada. Historically the Belgians only concentrated on quartz veins which had to have a grade of more than 10g/t Au and did not pay any attention to any lower grade mineralisation in the wall rock.
The recent diamond drilling at Mangote confirmed potential for wall rock mineralisation at Mangote and we are expecting similar results from Douze Match. Should we be successful in defining the mineralised structures which sourced the gold in the area, follow up conventional RC and diamond drilling programmes will be planned to define potential resources in the area.
openbriefing.com
With such a large tenement package and with artisanal workings that are visible for many kilometres, how have you been prioritising the exploration programme across the greater Giro Project? Do you have a target resource that the company would like to achieve from the current activities at Giro?
Exploration Manager Mark Gasson
Our initial focus was to understand the mineralised potential of the areas mined by the Belgians knowing that they were focused on mining high grade quartz veins. For example at Giro itself the Belgians mined the high grade quartz vein and laterite which averaged around 1g/t Au at what is now our Kebigada Shear Zone target. A similar setting exists at Mangote as confirmed during the recent diamond drilling programme where a broader zone of mineralisation than that mined by the Belgians was identified. Previous explorer, Barrick Gold, also flew an airborne magnetic and radiometric survey over most of the Giro Project area in which they identified a 30km structural corridor which transgressed both tenements. Many of the Belgian mined areas and artisanal workings were within this corridor which was prioritized during subsequent soil sampling programmes. The result of this was the identification of 3 areas of gold anomalism at Adoku, Giro/Peteku and Douze Match/Mangote.
Our view is that given the project location in North East Democratic Republic of Congo, a successful mining operation at the Giro Project would require scale in the order of 3-5Moz at a grade of 2.5-3g/t Au. The proximity of the Giro Project to Randgold Resources’ 17-million ounce Kibali group of deposits, lying within 30km of Giro, provides encouragement for the view that other large gold deposits could be discovered in the proximate area.
Figure 2. Geology map showing known targets along the 30km structural corridor on the Giro Project
Figure 2. Geology map showing known targets along the 30km structural corridor on the Giro Project
openbriefing.com
In your opinion why has the Moto Greenstone Belt been under explored through the past gold cycle, given the historic production by the former Belgian colonial managers? How much gold do you estimate they produced from the easier, near surface operations?
Exploration Manager Mark Gasson
In my opinion this is the first time since the end of Belgian rule that proper systematic exploration has been carried out over the Giro Project and the prime reason why the belt is underexplored. There has also been a change in focus on what explorers are looking for today as opposed to historically where all the focus was on alluvial mining or mining of high grade quartz veins.
Present day companies focus on discovery of large open pittable lower grade targets. Up to three years ago all exploration was focused on the Kibali licences with very little systematic work done on the area to the west of this area even though it was known that Belgians mined deposits at Moku, Beverendi, Giro and Wanga for example.
There are few or no records of the quantity of gold produced during Belgian rule but what is known is that enough gold was mined to sustain at least 30 years of gold mining in the area.
openbriefing.com
Can you discuss the style of the gold mineralisation and the geology in terms of the upper close-to-surface mining that has occurred and still is underway by hand, and the deeper ore that you are uncovering through recent drill programs?
Exploration Manager Mark Gasson
A number of styles of mineralisation have been identified at Giro. High grade quartz veins were mined historically by the Belgians and recently by artisanal miners in granites at Peteku and Douze Match and volcano-sediments at Giro, Mangote, Kai-Kai and Douze Match. At Kebigada mineralisation is within broad highly silicified and sheared volcaniclastics where mineralisation is associated with quartz stringers, veinlets and sulphides. All mineralisation identified to date extends from surface to depths exceeding 250m. Artisanal miners at Kebigada have not been successful in mining the in-situ material with all their focus being on recovering gold from laterites overlying our main target at Giro.
openbriefing.com
Bottle roll testing has been encouraging from small samples thus far. Is there indication of the type of recovery that you are expecting from the Giro mineralisation?
Exploration Manager Mark Gasson
Although only a limited number of samples were submitted for bottle roll analysis, recoveries averaged around 85% with two samples reporting higher than the results from fire assay. Discrepancies could also be a result of a nugget effect. We have not identified any arsenopyrite or other potential minerals with capability of locking up gold which is mostly associated with pyrite and minor chalcopyrite and are therefore fairly confident of decent recoveries at Kebigada. The same goes for the other high grade veins where gold is visible or associated with pyrite.
openbriefing.com
What is the exploration plan and strategy for Giro over the coming quarter and does Burey have sufficient funding to meet its current and near term plans?
Exploration Manager Mark Gasson
Shallow RC drilling programmes will be carried out at Douze Match and Mangote to identify the underlying source of the soil anomalies. Our field geologists are also doing detailed logging of the diamond core from Kebigada to better understand the dominant mineralised orientations. High grade mineralisation appears to be associated with a roughly west-east orientation. A number of RC holes will be planned to intersect this orientation which is oblique to our current drill direction and will hopefully improve the grade at Kebigada. Burey recently raised A$3m and the Company has clearly demonstrated its capacity to raise funds periodically for the highly prospective Giro Project.
openbriefing.com
Thank you Mark
For more information about Burey Gold Limited, visit www.bureygold.com.au or call Exploration Manager Mark Gasson (+61) 8 9381 2299
DISCLAIMER: Orient Capital Pty Ltd has taken all reasonable care in publishing the information contained in this Open Briefing®; furthermore, the entirety of this Open Briefing® has been approved for release to the market by the participating company. It is information given in a summary form and does not purport to be complete. The information contained is not intended to be used as the basis for making any investment decision and you are solely responsible for any use you choose to make of the information. We strongly advise that you seek independent professional advice before making any investment decisions. Orient Capital Pty Ltd is not responsible for any consequences of the use you make of the information, including any loss or damage you or a third party might suffer as a result of that use.
Competent Person’s Statements – Exploration Results
The information in this report that relates to exploration results is based on, and fairly represents information and supporting documentation prepared by Mr Klaus Eckhof, a Competent Person who is a member of The Australasian Institute of Mining and Metallurgy. Mr Eckhof is a director of Burey Gold Limited. Mr Eckhof has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves”. Mr Eckhof consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to the Giro Gold Project has been previously reported by the Company in compliance with JORC 2012 in various market releases, with the last one being dated 19 May 2016. The Company confirms that it is not aware of any new information or data that materially affects the information included in those earlier market announcements other than the exploration results that are the subject of this report.
I've heard there going to be late filing this quarter, discord.
Well at least they have had $795.88K revenue in 2020, what could 2021 revenues be? their ===>>> <<<=== so we could find out soon enough.
https://www.marketwatch.com/investing/stock/bryyf/financials?mod=mw_quote_tab
PR from June 26 2017 Giro exploration field, could they be ready to announce something near term?
https://www.amanigold.com/latest-news/
REGIONAL ROUNDUP AFRICA
Giro is the Lucky Winner for Amani A capital injection of $US25 million could help Klaus Eckhof realise his ambition of defining the next Kibali. Eckhof's Amani Gold Ltd (formerly Burey Gold) has entered into a non-binding Moll with Hong Kong's Luck
Winner Investment Ltd to raise the capital required to kick-start the Giro gold project in the DRC. The capital raising comprises the issue of 500 million shares at 5c/share, with additional free-attaching options of 250 million at 7c/ share with a term of two years from the issue date. Once completed, Luck Winner will hold about 28% of issued shares in Amani and become the company'scornerstone investor.
Amani chairman Eckhof told Paydirt
the capital raising would put the company in a strong position to take the project towards an initial PFS and measured resource. "[Luck Winner] were pretty keen on production, so they want to do a big infill
drilling programme after the maiden resource and get it up to a measured resource fairly quickly," Eckhof said. "We are trying to get the resource up to 4-5 moz hopefully, that's basically the target. With the backing of the Chinese, we can be fairly aggressive. "[Luck Winner] were looking for a $US100 million investment, which I couldn't really do. We agreed on a $US25 million investment initially and they will potentially look to finance or actually buy the plant themselves. They certainly have a fast-tracked vision there at the moment. The exploration programme will also be aggressive." Giro is only 30km away from the 17
moz Kibali gold mine - the Randgold Resources Ltd/AngloGold Ashanti Ltd JV Amani is raising SUS25 million to continue exploration at the Giro gold project in the DRC which Eckhof was instrumental in discovering.
He is already noticing similarities between it and Giro. "Kibali, I mean that is pretty much the same as [Giro] in volcanoclastic rocks.
You have also got the granodiorite intrusions. It is pretty much the same sort of setting," Eckhof said. "The question is if I have got multiple resources everywhere, I haven't got that yet. But then again... it took me four or five years to develop all the other separate deposits [at Kibali]." Made up of two exploration permits covering 497sq km,
the Giro project sits within the largely unexplored KiloMoto belt.
Amani has reported signifi- ' ^ I cant mineralisation from the
j fl I maiden drilling programme at JU I the Douze Match prospect,
M I with results including 2m @ ^^^ ™ 196 g/t gold from 12m, 15m
Klaus Eckhof (5) 255.6 o/t Gold from 15m and 3m @ 1,260 g/t gold
from 15m. Drilling at the Kebigada prospect has also returned some encouraging results, including 97m @ 2.56 g/t gold from surface, 47m @ 4.13 g/t gold from 25m and 29m @ 5.93 g/t gold from 25m.
Amani also plans to start aggressively exploring the
neighbouring Tendao project. "[Investors] are also keen to explore Tendao, which we are in the process of acquiring," Eckhof said. "[Tendao] is around 5km of old workings and operations from the Belgians out of the 1950s. We've done a lot there already, but we won't start drilling until the final signature is done."With that project
there is probably another chance to maybe find another 2 moz fairly quickly and at very good grades." Once Luck Winner completes the next stage of due diligence, both parties will enter into
a binding subscription agreement. The two key shareholders of Luck Winner are Yu Qiuming and Fu Shen, who both have several years of experience in developing and mining copper and gold projects in China.
Eckhof said the Chinese offer wasn't the only one on the table, but it was the most attractive. "[Lower offers] didn't really interest me
because the last placement was done at 5c/share," he said. "That is why I tried to get somebody else to come in who would also take it
at 5c/share, rather than taking it at the lower levels."
Momentum seems to be building at Amani and the Giro project, and investors are starting to notice. "For the other companies I have, suddenly I have started getting a lot of phone calls. People are wanting to take big stakes in it," Eckhof said.
"There seems to be a big appetite suddenly from China...I think they have to deploy the US dollar somewhere, in resources in general. That is the only way
they can do it."
- Jon Daly
The SEC only suspends trading in evidence of share structure manipulation, from recent communications from the company I for one think it's a wise investment. Go ICNM
No missed it big time, WoW... wasn't paying attention to them too much on Twatter because they posted all comms will be by SEC approved PR's so, so much for small news I suppose, they threw us a bone... Awesome... Thanks...
https://insidetowers.com/cell-tower-news-study-shows-carriers-grow-by-adding-cbrs-to-mobile-networks/
March 12, 2021
5:56 am
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A recent independent study entitled “CBRS Spotlight Report” from RootMetrics shows the rapid growth of shared spectrum use and points to the strong performance gains that wireless carriers can achieve when adding CBRS to existing spectrum. The research combined scientific data with real-world mobile performance insights to provide a neutral view of carriers’ performance.
RootMetrics’ live testing of Verizon’s network in Philadelphia, shows the carrier added considerable bandwidth using CBRS, more than doubling available spectrum from 45 MHz in the first half of the year to up to 95 MHz for its LTE services. Verizon’s median download speed on CBRS of 135.1 Mbps was over twice as fast as its non-CBRS median download speed of 64.2 Mbps in the same test period, and Verizon’s maximum download speed on CBRS of 692.1 Mbps was nearly 300 Mbps faster than its max speed of 404.9 Mbps without CBRS.
“With the desirable and powerful mid-band 3.5 GHz spectrum at the center of the growing CBRS movement,” the report states, “the acquisition of CBRS spectrum by mobile networks and a host of other organizations could mark a watershed moment on the path toward realizing the true potential of 5G and the full growth of our connected communities going forward. Adding mid-band spectrum to low-band and/or mmWave deployments can augment performance while also helping networks most effectively utilize the best combination of 5G and LTE resources.”
RootMetrics notes the benefits of CBRS deployment:
“far cheaper than FCC-regulated spectrum”
“can be tailored for specific use cases with highly customizable security solutions”
“is the ‘Goldilocks’ of mid-band spectrum, residing in the mid-band frequency band and (3.5 GHz), offering the upside of both low-band and mmWave spectrum”
“brings connectivity to rural and other underserved areas with providers like No Limits Broadband”
“powers industrial IoT (IIoT) solutions (such as the recently-announced 5G private network deployment at the Marine Corps Logistics Command warehouse operations in Albany, GA).”
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Dated February 27th, good find but I doubt this is what is creating this 10's to start getting nailed... LoL. Go ICNM
Not scaring traders off at all, I'm curious if this is a result from another board might have info on something happening next week, hope so got more 9's yesterday, just doesn't seem to be trading like a normal boring Friday... Go ICNM
All I see is an OPEN front door... hoping we close at least at 11 today. Go ICNM
Refer to post #32015 only update of late, but there still in business.
Hope so... HBRM
oh hell you did say that, oh well say it again, I want 1's LoL.
Of course you did ===>>> Dilution...
what 18 @ the bottom BB line yeah well we all know lower might not happen, although 19 is just 1 tick away from todays low, so yeah, I'll keep my order in right there... FEED ME...
Ahhh CHIT bro, you better sell out this is going down, I'll "B" waiting @ 19... fill me...
ok, so support @ 25 has been broken now also, perhaps you would like to sell into my bid @ 19 still a buyer here.
Ok, so you do know how to read charts, for a while there I didn't think you knew how, so now on the chart what is our support line? are we there yet? or do you want it to break that and go down further to load more?? this is obviously the master plan because you know as well as many here that they don't operate on our schedule.
Hey is this a ===>>>
The whole OTC was red Friday, everything was red in my portfolio was down, sunny's boys will bring it back. (JMO)