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Looks like the marker has treated this latest cuca news as a non...

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27/03/18

16:10

Post #: 32062540
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Originally posted by sirjohnnyboy ↑

Hi Groundswell,

You are quite right about the fact that these similar results have been reported for a long time. In fact, the diagram showing Mestre Winze and Cuca Zone was first used in Dec 2012 (from memory). Pleased to see some new diagrams being used for shareholder communication.

The geology department at Cascavel already have a very good understanding of the overall extent of the mineralised gold bearing quartz zones at Cascavel ( despite the limited drilling), but they have not been releasing this information to shareholders over the years. If you want evidence of this, check out the thread on Brazilian Journal of Geology. You might also like to check out a previous thread with a 3D visualisation of the drill intercepts, giving an overview of the drill results in video.

Our new funding provides the excellent opportunity to define this structure more accurately. My guess is that we have persisted with these new samples to remove any doubt about the accuracy of previous assay results, -especially considering the fact that we have been engaged in an historical dispute with an assay lab provider regarding inferior results.

I agree with your thoughts there Jimone and we can only surmise the real reason for the delay. It wouldn't surprise me if they had three weeks of commissioning issues and wanted to belt out a week or so of double shift operations to provide a substantial announcement -especially as we have all been highly anticipated by the market for weeks. They might consider removing "shortly" and just say we will announce results to the market after commissioning has been complete and a steady state of production has been achieved. With this sort of a fundamental changing in processing operations, unexpected issues should be expected IMHO. They could also say that we have been resolving a number of processing issues and making good progress. I guess management is a learning process too.

I guess we wait for the March results in early April. Those who "flip for pips" and "flip and flop" will just have to be patient too I guess.

Cheers,

SJB

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Looks like the marker has treated this latest cuca news as a non event. Multiple results now been posted before HM3. I wonder if the delay in HM3 results is a good or bad thing. Soon see I guess

No point finding all this gold unless you can get it out of the ground economically

Bring on hm3 results
These guys have 3-4 months to really ramp up before big rains hit the sites that then will play out for the last quarter of the year.

Seeing the high grade ore is all underground at this point I really do not know what impact lots of rain would have on their sites but saw a recent video OGX posted on YouTube where it was pouring water underground as they worked due to rain, which suggests some shafts of the underground mine may shut down completely.

Does anyone know if there are any standard rules in mining if it rains so much they all stop working? Like if the snow is x amount deep kids don't have to go to school?

OGX Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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