$trunkmonk thanks; Golden cross forms in gold’s chart Posted on July 8, 2021 by Opinion MarketWatch/Mark DeCambre/7-6-2021
Gold Price (Gold price, 50-day and 200-day moving averages) Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$Gran Colombia Announces Results From the 2021 Drill Program at Its Toroparu Project in Guyana; Confirms 4-Km Strike Length of Structurally Controlled High-Grade Gold Mineralized Structures July 6, 2021 TORONTO, July 06, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia” or the “Company”) is pleased to announce results from the recently completed Phase 2 diamond drill program at its 100%-owned Toroparu Project in Western Guyana.
The 10,494 meters Phase 2 program was designed to confirm the continuity of both the northwest oriented high-grade gold structures and the cross cutting east-west high-grade structures that create a repeatable pattern of intersecting zones amenable to underground mining methods over the 4 kilometer strike length of the Toroparu Project1.
Serafino Iacono, Executive Chairman of Gran Colombia, commented, “The discovery of the structural control of high-grade gold mineralization at Toroparu has reaffirmed our confidence in the npotential value of this project as one of our cornerstone assets.
The recently completed, two-phase diamond drill program comprised a total of 20,750 meters in 114 drill holes and has confirmed a 4-kilometer ("km") strike length of high-grade structurally controlled gold mineralization at Toroparu.
In addition, the program identified a repeated pattern of intersections of NW-SE and E-W oriented sub-vertical structures containing high-grade zones extending over mineable widths up to 100 m vertically (“jewelry boxes”)2 that support our belief that a high-grade resource amenable to underground mining methods lies at the core of this very large, disseminated gold deposit.
We are currently working with Nordmin to prepare an updated mineral resource estimate and preliminary economic assessment (“PEA”) incorporating the high-grade results from this latest drilling program.
We expect the PEA will be completed later this summer.”
Highlights
Assay results from the 2021 Phase 2 High-Grade Definition Drill Program extend high-grade mineralization to the northwest of historical drilling and confirm a 4-km overall strike length of Toroparu Deposit
Area (Figures 1 and 2). Drill results identify several additional concentrations of high-grade gold contained in intersecting NW-SE and E-W structures (“pipes”) that occur in a repetitive pattern across the deposit (Figure 2).
These structural pipes exhibit continuity over 2 metre ("m") to 25 m widths extending over 30 to 100 vertical metres and confirm the potential for significant volumes of gold mineralization amenable to underground mining methods exists along the 4 km Toroparu Deposit Area.
The high-grade mineralized pipes, ranging in grade from approximately 5 g/t gold ("Au") to greater than 20 g/t Au over potentially mineable widths, are often surrounded by a lower grade (0.5 - 5.0 g/t Au) halo of mineralized material. (Figure 5).
The high-grade gold grades intersected in structures range from 2.42 g/t Au to 101.7 g/t Au and have a length-weighted average grade of 6.7 g/t Au (uncut) over 113 m and 76 intervals highlighted in this release (Table 1).
Since historical drilling has been limited to the upper 450 m of vertical extension of the deposit, this remains open at depth across the 4-km of strike length at depths that are relatively shallow for an underground mine.
Results from the most northwest set of drill holes, which intersected multiple high-grade intervals indicate that the high-grade structural component of the deposit is still open along strike to the northwest.
welcome to; Gran Colombia Gold: Largest Colombian Gold Producer with Growth Plans Jun 25, 2021 Paul giving you a following mark :-)) TIA
$wiss Resource Capital AG 20.6K subscribers Company presentation of currently the largest underground gold and silver producer in Colombia, with several mines at its high-grade operation in Segovia. In Guyana, the company is advancing the recently acquired Toroparu project, one of the largest undeveloped gold projects in the Americas. Gran Colombia Gold pays a monthly dividend and has a stable shareholder structure.
Gran Colombia Gold is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations.
Since we last spoke to Gran Colombia two years ago, they have been busy in several areas.
$Gran Colombia is now producing gold and their guidance for this year is 200-220,000 oz and they are well on track to meet that target.
The company has brought costs down and is now paying dividends at 3% a year.
They have also managed to reduce their debt down from $90M to $19M and by the end of the year they aim to have zero debt.
Gran Colombia owns approximately 44% of Aris Gold Corporation, a Canadian mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Gold Project in Colombia.
Gran Colombia took the Marmato mine and raised $300M to finance the operation which is now in the hands of a management team. This project is an investment for the company and will continue to create value for the shareholders.
Gran Colombia’s project pipeline also includes an 100% equity interest in Gold X Mining Corp.,
an approximately 36% equity interest in Denarius Silver Corp. and
an approximately 26% equity interest in Western Atlas Resources Inc.
Gran Colombia has come a long way in two years and has grown considerably with the share price reaching highs of $8 per share.
Palisades Gold Radio 70.2K subscribers Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co- Founder of Franco Nevada and Formerly President of Newmont Mining.
$trunkmonk thanks; Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun planning for a drill program on its Juby Project within the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of drilling.
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun planning for a drill program on its Juby Project within the Abitibi greenstone belt of Ontario. The program is expected to consist of a total of 10,000 metres of drilling.
The initial drill program is set to begin in the third quarter of 2021, with the program targeting an extension between the Big Dome and Golden Lake deposits, while also testing known high grade mineralized zones. Currently, the project contains a 10 kilometre long strike which follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource estimate of 773,000 ounces of indicated gold within 21.3 million tonnes based on an open pit model. A further 1,488,000 ounces of inferred resource is contain within the model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t cut-off, and was established via 105,861 metres of drilling within 379 holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately 44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in Colombia.
Wait, I thought you were supposed to sell your miners at the Top, short the Exchange Turd Funds till you see a bottom and then Buy back your miners and put the profits in physical?
_________________________________________________________________ Rouyn-Noranda, Québec, Canada, July 26, 2021
$Abcourt Mines Inc. (TSX-V: ABI, Berlin: AML-BE and Frankfurt Stock Exchanges: AML-FF) (“Abcourt” or the “Corporation”), Abcourt Mines reports sales of gold of $ 6.8 M for the 4th quarter ended on June 30, 2021.
These sales are 42% higher than those of the previous quarter at $ 4.8 M and 17% higher than those of the same quarter of the previous year at $ 5.8 M.
For the 12-month period ended on June 30, 2021, the sales of gold totaled $ 27.8 M, that is 16% more than in the previous year at $ 24.0 M.
The sales for the 12-month period ended June 30, 2021 are the best to date, despite a temporary closure of five weeks due to a failure of the Elder hoist. These figures have not been examined nor validated by our external auditors.
Additional financial information will be provided after the audit.
$ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a gold producer and a Canadian exploration company with strategically located properties in northwestern Quebec, Canada.
The Elder property has gold resources (2018).
Abcourt is currently focusing on the exploitation of the Elder mine and on the development of the Sleeping Giant mine.
In 2016, Abcourt acquired the Sleeping Giant mine and mill, located half-way between Amos and Matagami, in Abitibi, Quebec, in the territory covered by the Plan Nord of the Quebec government.
The mill has a capacity of 700 to 750 tonnes per day.
A NI 43-101 resource estimate and feasibility study with reserves were recently completed by PRB Mining Services Inc.
Proven mineral resources total 10,900 tonnes with a grade of 12.20 g/t of gold and probable reserves total 475,625 tonnes with a grade of 11.20 g/t of gold.
Inferred resources are in 93,100 tonnes with a grade of 11.85 g/t of gold.
For the long term at the Sleeping Giant mine, important mineralized targets in gold will be explored by drilling as soon as possible.
Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming 22,126 views•May 31, 2021
Palisades Gold Radio 70.2K subscribers Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co- Founder of Franco Nevada and Formerly President of Newmont Mining.
For the one who missed the Abcourt Mines zoom meeting -
Since you couldn't attend the meeting Fernand and Jim, here's a bit more info to fill in the gaps:
Production targets "in the next few years":
Elder: 15-18k oz Au per year
Sleeping Giant: 18-22k oz Au per year
Abcourt-Barvue: .8M oz Ag per year
108 employees at Elder as of Dec.2020 40 employees currently at Sleeping Giant
Over 400 days straight without a compensible accident
Mr. Hinse: "Senior personnel are being hired".
Normand Hinse was recently promoted to CFO.
At Elder there's at least 10 years of mine life left with good prospects for further discoveries. We are mining 50% from the block model and 50% are new resources.
At Sleeping Giant during this development phase the grades from the various areas are what they have expected. For Q2 159 oz will be mined with rapid increases after that. (check out the powerpoint for predictions in the following quarters).
No additional financing is required for Elder or Sleeping Giant.
At Abcourt-Barvue it would take 2 years to restart the mine. Permitting is the bottleneck, otherwise it could done be much faster.
Mr. Hinse is not into any alternative forms of financing such as streaming deals or crowfunding. He said that since they can borrow at 2% or 3% it makes no sense to engage in costlier forms of financing.
$Gold $5,000-$10,000 & Silver Even Better Returns; Guggenheim Partners Global Chief Investment Officer and Chairman of Investments Scott Minerd, nailed the call on BTC and is now saying Gold will rise exponentially somewhere between $5,000-$10,000 & expects silver to outperform gold on a % basis. He calls silver the "High Beta Version of Gold". 468 views•May 30, 2021
If you look at Elder only, The cost per ton including administratives fees is 230$ in the presentation.
Should they get 4 g/t it is about 1610Cad$ or 1280 US$
The reason why cost are high is that they are developing Sleeping Giant.
They always had reasonable cost until they start to open the giant again.
Now $1280 us is at 4 gram tons. But the last pr with results from feb 2021 leave a much better grade and thus a lower price.
The Giant has 12 g/t material so you need the third of material for same profit. :-))
At 230 per ton it is 575 CAD$ per ounces of gold or 459US$
So yes I do strongly believe cost are just about to go significantly down.
for 3 reasons
1- Better grade at Elder
2- No more spending in development at Sleeping Giant paid by Elder but a profitable operation at both mine
3-Sleeping giant Has 3 time better grade and cost should be really lower.
For all those reason I think we still need a bit of suffering for the Giant to be done in a couple of month but every press release numbers seems to be better and I am very confident they will get amazingly better with the Giant. by rpm111
Abcourt eng. is often very conservative on every estimate, imo!
Let's move on :-))
$usmcgy01 thanks; Record Revenue; Best to Date” from Emerging Abitibi Gold Producer Dave Jackson Dave Jackson, Stockhouse 5 Comment
1 + Favorites When Stockhouse Editorial last caught up Quebec-based $Abcourt Mines Inc.(ABI) (TSX-V.ABI, OTCMKTS: ABMBF, Forum), our investor audience got a firsthand look at the awakening of a “Sleeping Giant” in gold exploration.
Fast-forward to today, and the company’s mining operations are now very wide awake and ready for growth at multiple sites.
Founded in 1971, Abcourt Mines, is an established and emerging gold producer with two gold mines, one zinc-silver mine, several gold and zinc projects in its current portfolio.
The junior mining company offers excellent operating potential for gold, silver, and zinc in the historically prolific, stable, and mining- friendly Abitibi, Quebec region.
Abcourt is currently focusing on the exploitation of its Elder mine and on the development of the aforementioned Sleeping Giant mine.
Its gold-producing asset is the Elder Mine.
The company has a processing plant with a capacity of 750 tonnes per day.
The mine is equipped with functional buildings plus all of the surface and underground equipment with a 2,600-ft shaft (793 metres) and 16 levels.
The project is currently producing 15,000 to 18,000 ounces of gold per year.
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