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Hi There Waji....began to feel like I was the only
investor in Minco.
Since when are you a shareholder...how have you done...
did you buy in us or uk? Can I ask what sort of price.
My average is 3 on 1m shares.
http://www.juniorminingnetwork.com/junior-miner-news/news-releases/116-tsx/dna/34320-dalradian-appoints-underground-contractor-for-the-curraghinalt-gold-project-in-northern-ireland.html
Caveat_Emptor
3 Oct'14 - 01:08 - 4939 of 4940 0 0 edit
Minco's interests in Dalradian are now well looked after especially
as it's European Director is the same as the company that has been awarded
the contract underground at Curraghinalt.
Nice one peter.
Peter McParland, Managing Director of QME, commented, "Having worked on this project as a young man, with my father being one of the founders of the company that made the discovery, it is a pleasure to be involved in moving the project forward. We've always known it was a quality gold deposit that should become a mine. That is now becoming a reality as a result of the peace process in Northern Ireland, strong community support and the involvement of Dalradian's well-funded, experienced team."
Minco (MIO) – BUY/Dalradian Resources (DNA-TSX)/Galantas (GAL)
The Secretary of State for Northern Ireland is to speak today about a possible cut in Corporation Tax in the province.
Stormont will have to sort out the current budget impasse first, while the European Union will have to give its permission
Details here of the Dalradian program in which Minco has a
valuable free carry.
Dalradian Begins Underground Exploration Program at Curraghinalt Gold Project
Published on September 26, 2014 at 5:16 AM
Dalradian Resources Inc. announces that surface works have begun at site as the first stage of a planned underground exploration program ("Underground Program") in support of a Pre-feasibility Study ("PFS") at its 100% owned Curraghinalt gold project in Northern Ireland. Local contractor FP McCann was awarded the surface works portion of the program and they are currently on site (see photos below). SRK Consulting (Canada) Inc. has been appointed as principal consultant on the PFS and has begun work.
The PFS is part of a work program over the next 12-15 months with a fully-funded budget of approximately C$30 million and the goal of submitting a planning application for mine construction at Curraghinalt.
"With funding and planning permission in hand for our Underground Program, we are pressing full-steam ahead to move Curraghinalt toward production," commented CEO Patrick F. N. Anderson. "The Curraghinalt gold project is a premium product in a scarcity market, with strong economics, high gold grade, low-capex and a good jurisdiction. We're anticipating a very eventful year ahead as we de-risk the project and hit numerous milestones leading up to submission of a planning application for a full operation, including the completion of a detailed EIA and an underground drilling program of approximately 20,000 metres."
In addition, an updated PEA incorporating the company's latest resource estimate is expected to be completed in Q4 2014. Micon International Limited, who was the independent consultant on the 2012 PEA, is producing the updated PEA.
Highlights of the previous study include:
After-tax IRR of 41.9% and NPV of US$467 at a gold price of US$1,378 per ounce
After-tax IRR of 33.4% and NPV of US$331 million at a gold price of US$1,166 per ounce
Mine life of 15 years with average annual gold production of 145,000 ounces
Average gold recoveries of 92%
Initial capital costs of US$192 million (including a US$38 million contingency)
Underground Exploration Program
Dalradian's Underground Program commenced in September, with surface works undertaken by local contractor FP McCann, a Northern Ireland-based civil engineering company and manufacturer and distributor of concrete and other construction products. Surface works are expected to be completed within several months in preparation for going underground and include construction of:
Surface operations area;
Water treatment plant;
Waste rock storage area;
Internal access roads; and
Services.
To view "Photo 1: Sept. 9, 2014 Site preparation for the Underground Program" please visit the following link: http://media3.marketwire.com/docs/969599-Photo1.jpg.
To view "Photo 2: Sept. 11, 2014 Surveying surface work area for the Underground Program; view from adit with silt fencing in background" please visit the following link: http://media3.marketwire.com/docs/969599-Photo2.jpg.
The Underground Program entails extension of the exploration tunnel by approximately 1,000 metres in order to access, define, sample and test the mineralized material from the Curraghinalt deposit. The development will include underground drill bays for approximately 20,000 metres of infill drilling. The Underground Program is designed to:
Demonstrate continuity of thickness and grade of the mineralised veins;
Increase confidence in the existing mineral resources and move ounces from Inferred to Indicated;
Evaluate mining methods;
Assess underground geotechnical and hydrogeological conditions; and
Produce samples for offsite metallurgical testing.
Pre-feasibility Study & Environmental Impact Assessment
With the completion of the latest resource estimate in 2014, Dalradian intends to carry out a Pre-Feasibility Study, which will include an options analysis looking at alternatives to several aspects of the PEA, including but not limited to dry stack tailings and the addition of a flotation circuit. In parallel with the PFS, Dalradian will undertake an Environmental Impact Assessment ("EIA") which will examine the potential impacts of a full mine build, as well as options for their elimination or mitigation. The EIA report, together with the Project Description, will form the basis of a Planning Application for the full mine build to be submitted to the Northern Ireland Planning Service (Planning NI).
The PFS options analysis will investigate alternatives to the base case scenario outlined in the 2012 PEA, including mineral processing, tailings and waste rock management, and will identify potential locations for the mine surface infrastructure. These alternatives will be considered from a perspective of engineering and construction feasibility, capital and operating costs, operational risks, reclamation costs, as well as ease of permitting and acceptance by the local community and regulators. The PFS will incorporate the results of the options analysis, setting out the preferred options for mining, mineral processing, tailings and waste rock management along with an economic assessment of the project, in an NI-43-101 compliant Technical Report.
Qualified Person
Ian R. Hardesty, MS, CPG, Senior Production Geologist, Dalradian Resources Inc., is the Qualified Person who supervised the preparation of the technical data in this news release.
Source: http://www.dalradian.com/
minco has 4% carry worth 3 uk pence per share
http://www.marketwired.com/press-release/dalradian-starts-underground-exploration-program-pre-feasibility-study-curraghinalt-tsx-dna-1950323.htm
Whitman Howard's Roger Bade has a BUY on this.
probably aimed at contrarian investors...the lower the
sp the more attractive it is!
Minco gives drilling update
By StockMarketWire | Mon, 15th September 2014 - 09:13
Minco announces the start of a four-hole (525 metre) exploration drilling programme on its zinc/lead/copper VMS project in Buchans, central Newfoundland, Canada.
The programme will test for shallow extensions to the former Lucky Strike orebody, where Asarco mined 5.6 Mt averaging 18.4% Zn, 8.6% Pb, 1.6% Cu, 112 g/t Ag & 1.7 g/t Au.
Drilling will focus within an area 150 metres south of the former mine workings, where historic shallow drilling intersected high-grade massive sulphides but with poor core recoveries experienced by historic, small-core diameter drilling.
Recent relogging of archived drill cores by Minco during its summer 2014 exploration program suggests high-grade massive sulphide mineralization occurs within this area at depths of less than 100 m beneath a shallow, south-dipping fault structure.
Additionally Minco's recent interpretative work suggests that mineralization in the area may be more continuous than previously thought; potentially representing a near surface, continuous mineralized zone with potential for further extensions down dip to the south and west.
The area being targeted lies partially within the area of the proposed open pit of the Lundberg deposit as defined in the positive Preliminary Economic Assessment ("PEA") completed in 2011, as well as revised pit designs generated since Minco updated and expanded the Lundberg resource in 2013.
While this mineralization may be of potential benefit to future development of the Lundberg deposit, this new drilling is being undertaken primarily as exploration of the potential for discovery of new high-grade massive sulphides south and west of the former Lucky Strike mine.
Minco last drilled in this area in 2012. At that time, vertical drill hole H-12-3453 intersected 2.0 metres averaging 4.05% Cu, 11.5% Pb, 22.7% Zn, 230 g/t Ag and 1.33 g/t Au between 29.2 and 31.2 m vertical depth.
Relogging undertaken by Minco in 2014 confirms that several historic drill holes intersected high-grade massive sulphides in this area, though not all intercepts were assayed and several holes encountered poor core recoveries that prevented accurate assessment of the width and grade of massive sulphides within those intercepts.
Highlights returned by historic drilling within this area include intercepts occurring at less than 70 m below surface, including hole H-234 that intersected 1.52 metres assaying 1.3% Cu, 9.6% Pb, 18.7% Zn, 8.6 g/t Ag, 1.7 g/t Au.
BUCHANS PRE-FEASIBILITY STUDY UPDATE
The Buchans project represents one of several of Minco's advanced volcanogenic massive sulphide ("VMS") base metal projects within the Buchans area of central Newfoundland.
Since the positive PEA on the Lundberg deposit in 2011, Minco has been advancing the Lundberg project towards the completion of a pre-feasibility study for a stand alone open pit base metal mine producing zinc, copper and lead concentrates.
To date the pre-feasibility work has included the completion of more in-depth metallurgical studies and upgrading of a large portion of the Lundberg deposit to the National Instrument 43-101 Indicated category.
The Lundberg deposit is currently estimated to include NI 43-101 compliant Indicated resources totaling 23.4 million tonnes grading 1.41% Zn, 0.60% Pb, 0.35% Cu, 5.31 g/t Ag and 0.07 g/t Au, andInferred resources of 4.3 million tonnes averaging 1.29% Zn, 0.54% Pb, 0.27% Cu, 4.47 g/t Ag and 0.08 g/t Au using a NSR cut-off of $US15 per tonne (see Minco press release dated March 4, 2013 for more complete disclosure).
Ongoing work includes an internal analysis to determine if the Daniels Pond and Bobbys Pond deposits can positively contribute as satellite feeder mines to a central milling facility processing the larger Lundberg open pit resource.
the EU was expected late last night or sometime today to put Russia's main oil producers and pipeline operators Rosneft, Transneft and Gazprom Neft on its list of state-owned firms to be prevented from raising capital or borrowing on European markets. - See more at: http://www.independent.ie/world-news/europe/we-will-close-down-skies-warns-angry-russian-pm-30571801.html#sthash.wGX4AnA5.dpuf
Are you guys still in Minco?
Caveat Emptor