We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LoneClone7/7/2022 5:24:35 PM
   of 77891
CEE, GOT, Chile
One of the important initiatives from the new management at African gold producer Centamin aka CEE was a renewed focus on exploration once they had fixed the problems at their main asset, the Sukari mine in Egypt. Today they released a wide-ranging exploration update across their various projects.

The most immediate impact from these efforts will be at Sukari, where they have identified new underground ore with the potential to increase both mine life and grade, including the highest grade intercept ever drilled at Sukari, 54M at 15.1g/t Au, including 3.8M at 161g/t Au and 2.15M at 44.84g/t Au. They also identified numerous potential new open pits nearby which will be drilled up and contribute to the new Sukari Resource Estimate expected by yearend.

Further afield, they are gearing up for the first drilling at their new Eastern Desert blocks in Egypt, which are peppered with thousands of artisanal mining sites. They are also pushing ahead with the PFBS for the Doropo gold property in Cote d'Ivoire, expected before yearend, and the solar plant at Sukari will be commissioned shortly.

Message 33911451

FWIW, in response BMO released a new analyst report which kept them at Outperform and moved their target to $C2.02.

Goliath Resources aka GOT released another mostly 'placeholder' PR concerning drilling on the Surebet zone of their Golddigger Ag/Au prospect in BC's Golden Triangle. The 'placeholder' part was telling us that three more more intersected wide zones of good-looking rocks, but now they aren't even telling us when we can expect the assays that will tell us whether these rocks actually contain gold and silver. I thought it was much more significant that surface exploration has uncovered new sulphide outcrops, opening up a whole new area for discovery that is emerging from under melting glaciers.

Message 33911798

After the action of the past few days, Saville opines that after breaching support in the $1780s area, gold may have reached a sustainable low, but that it may also drop to support around $1675 before that happens.

And although Rio2 aka RIO is not a stock he covers, he does follow it and agrees that Chile is now a high risk jurisdiction for all mines that aren't already fully permitted.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext