BONANZA GRADE GOLD ASSAYS – 845g/t (27oz/t) POTENTIAL NEW GOLD REGION AT YAMARNA Eleckra Mines Limited (“Eleckra” or “the Company”) (ASX: EKM) is pleased to announce the highest gold intercepts recorded from its wholly-owned Yamarna Gold Project, 140km east of Laverton, Western Australia. The intercepts, including 1 metre @ 845 g/t, continue the positive trend of results emerging from Yamarna and confirm the Company’s confidence of discovering and developing a major new gold region in WA. Highlights: * 1 metre @ 845 g/t Au within an intercept of 5 metres @ 146 g/t Au (average*) from 226 metres, recorded from 10EYRC0103; * Intercept located approximately 30-40 vertical metres below the intercept 1 metre @ 404g/t Au in RC hole 10EYRC0002 drilled in April 2010; * Continuing findings of visible gold within tenement area. Eleckra Executive Chairman, Mr Ian Murray, said these latest results from the Central Bore deposit, combined with last week’s discovery of gold mineralisation over 7 metres at the Justinian Trend, just 200 metres away, confirmed Yamarna’s potential as a high-grade regional gold play. The results have bolstered the Company’s confidence in its drilling exploration program with a decision to double its targeted drilling activity to 60,000 metres in 2011. “These are our most exciting results to date and provide further proof that we will continue to prove up the un-tapped potential of this historically under explored region,” Mr Murray said. “With our RC drilling exploration program continuously highlighting exceptionally high-grade results, we believe we are looking at the emergence of a new major gold-province,” Mr Murray said. “We have a substantial ground holding of more than 4,100km2 in the area and have committed to expand our drilling exploration program.” “Yamarna’s geographical location has meant that the region has been historically under-explored, yet the potential mineral endowment could be comparable with other more extensively explored Archaean Greenstone belts in the Yilgarn Craton. We have spent considerable time and expense to establish a permanent camp and year round access and we dominate the ground holding over most of the prospective Yamarna Greenstone belt. The effort has paid off as we have access to the potential upside of nearly this entire region.” Visible gold was also panned from other as yet unassayed holes drilled at the northern shoot, 10EYRC0104 to 10EYRC0106. The results suggest that this super high-grade shoot “The Imperial Shoot” could persist further down a steep plunge. The remaining results from the first batch of assays are expected within the next weeks. Other results from this program will be reported as they become available. In the current program, Eleckra has completed 13 RC holes (10EYRC0094 to 10EYRC0106) for 3,257 metres at the Central Bore deposit and 4 RC holes for 643 metres at the Justinian Trend so far. The 500 metre long Justinian Trend is located approximately 200 metres east of Central Bore. The current RC drilling program will be finalised later this year. Eleckra aims to publish a maiden JORC resource in early 2011. Yours sincerely IAN MURRAY
GRUYERE gold mine senior human resource advisor, founding chair of the WA Mining Club Young Professionals and WA Mining Club committee member Samantha Ware has been named Emerging Leader of the Year in the Australia’s Mining Monthly Awards.
Gold Road reported that drilling completed in 2019 resulted in a 1.23 million-ounce (29%) increase in measured and indicated (M&I) resources to 6.1 million ounces at the Gruyere JV through the upgrade of inferred resources to indicated resources.
Ich bin bei gold road schon länger dabei. Ich finde das Management gut, nicht ewig Löcher bohren und Geld einsammeln, sondern mal eine Mine hinstellen und produzieren. Wo ich mir nicht so sicher bin sind ihre Vorrausverkäufe ob die so schlau sind, wird sich herausstellen. Ist zum Glück nur ein Anteil von 15-20% ihrer Produktion
Ich finde das Management auch sehr gut. Ständig werden auch Preise bzgl. bester Geologe, Umweltverträglichkeit des Minings oder auch zum Umgang mit der Urbevölkerung eingeheimst. Hohes Engagement in die Mitarbeiter und der Umwelt ist langfristig super für einen Minenbetreiber. Auch ich bin schon seit 2017 hier investiert und habe viele Höhen und Tiefen durchlebt.
Zum Aktienkurs: Interessant wird's falls mal eine neue große Ressource gefunden wird. Der Claim hat Potential genug. Bin mal gespannt auf die nächsten Quartalszahlen.
The three ASX gold miners Goldman Sachs sees at the top of the class
Auszug " Investment bank Goldman Sachs sees gold prices hitting US$2133/oz in 2024 That price run, easing inflationary pressures and improved hedge books could see margins in the ASX gold sector lift $300/oz by 2025 GS’ Aussie analysts rate Evolution, Regis Resources and Gold Road Resources as buys ... GS has a $3.80 price target on EVN, around 15% upside on the $6b miner’s $3.39 price yesterday. They see 20% upside with a $1.85 PT for Gold Road, which owns half of the Gruyere joint venture near Laverton in WA alongside South African major Gold Fields.
The company also holds a 19.73% stake in De Grey worth around $450m on GS estimates or 40c per share. GS sees Gold Road’s strong recent dividend paying history continuing, with a 3cps payout equivalent to 30% of anticipated free cash flow expected in 2023-24.