Originally posted by Saltiga62
G'Day Drmo Re Asx Release 10th December 2018
Re:Very last page after in 4 more explanatory pages very last page bottom,
Criteria :Further work-The company is currently programming 10 new bulk samples to be executed in the next 30 days.
So Ann was on the 10 th December-plus 30 Day's = TOMORROW -9th January 2019.
Can the new M.D.-Please confirm these 10 x 15 Tonne bulk samples have been taken in the last 30 Day's & Further are they being processed at Cascavel -Interrupting Processing to do so, understand the need if Anglo are waiting on the sidelines also to review results.
Please update the market regarding Elisio Bulk sampling program .
Re confirm .
1) Samples have been taken.
2) When we can expect results.
3) How much of Cascavels gravity plants processing time will be taken up processing these Elisio samples.
4) An update to confirm or Deny the status of Anglo's J.V. -negotiations (are progressing ?), taking into account your predecessor J.G.
stated- on the 10th December 2018
Quote's below-Meta-conglomerates are responsible for the largest gold in soil and rock chip sample anomalies in the Faina greenstone belt
and has potential as a large bulk tonnage/medium grade targets.
Stratigraphically it is positioned in the basal portion of the second sedimentary cycle of the Faina Greenstone belt.
The anomalies associated to the meta-conglomerates extends more than 15 km along the strike and defines 3 main targets: Eliseo, Sierra and South Conglomerate- (figure 2).
Outcrops of the mineralized meta-conglomerate are easily accessible in the top of that hill range.
Note the green triangle in above image indicating the positions of intended 15 Tonne bulk samples are to be taken ,
also note it states under image that bulk samples will be taken NEXT week , thats from the date of the Ann being the 10th Dec so samples taken by 17th December & one would presume have began being being processed through the gravity plant pre xmas break when
what was happening!!!!!!!!!!!!!!! o 'yer Directors were converting debt to equity at s/p all time lows -mmmmmmmmmm
Page one of Ann-Anglo were on site last week for 2 days undertaking further due diligence activities.
Results of these activities will be released at a later date.-We are waiting !!!!!!!!!
Quote -Samples are collected with a backhoe and have an average weight of 15 tons each.
They are then trucked to the Cascavel Process Plant where they are processed.
Some delays were experienced with the use of the Gekko processing plant due to the nature of the Eliseo ore and the limited ability of the Gekko plant to handle multiple element ore types.
So this clearly is considered a high priority-to interrupt processing at a time when every bit of gold as revenue is needed.
Why because Anglo is interested 15 km's of strike at surface -bulk tonnage low strip ratio scenario-ideal for Anglo & or us in a J.V.
They know it-they are conducting Du Diligence have their reps evaluating & 10 new samples that would have been taken awaited results
its likely these 10 additional bulk samples site sampled were taken from area's at Eliseo with Anglo Geo's involvement/ considerations.
Quote:-Orinoco’s Geology Manager Thiago Vaz Andrade comment: “we are very excited about those results of our bulk sampling program for the meta-conglomerate hosted gold targets in the Faina Goldfields.
We always considered this meta-conglomerate hosted mineralization as one of the most potential mineralized systems in our domains.
The extension of the anomalies and aspect of occurrence combined with gold grades,we are now getting certainly shows potential for high tonnage/low cost mineralization and can put our company quite a few steps up.
Smoke On The Water; drum cover by Sina ( if ya can't quiet see it turn it up -lol)
Lot's of Smoke on the water !!!!!!!!!!!!!!!!!!!!!!!!!!!!!-
imo-salt
