Minco at Nenthead· Page 15 · AditNow Community

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PeteJ
50.2% (Neutral)
Newbie

10 years ago

#281

The recent hole was the end off that programme of drilling. More drilling may follow...

Pete Jackson
Frosterley
01388527532

ardtole
50.2% (Neutral)
Newbie

10 years ago

#282

It does seem to be a pet project for some of the minco management. The drilling will continue, regardless of the results of drilling to date.

bobmartin
50.2% (Neutral)
Newbie

10 years ago

#283

Anybody see any Minco people and their drilling machines around Nenthead lately. Quite a while since we've heard anything.

PeteJ
50.2% (Neutral)
Newbie

10 years ago

#284

The rig and other equipment are stored within Wright Brothers coach depot at Nenthead.

Pete Jackson
Frosterley
01388527532

ardtole
50.2% (Neutral)
Newbie

10 years ago

#285

It does seem to be taking quite a long time to analayse the last two drill holes.

ardtole
50.2% (Neutral)
Newbie

10 years ago

#286

Are minco planning on pulling out of the pennines project? There has been very little activity for at least six months from what I can see. The longer suspension in drilling during the shooting season, compared to previous years seems more and more like a deliberate delaying tactic on Mincos' behalf.

skippy
50.2% (Neutral)
Newbie

10 years ago

#287

Make up some results, run the share price, mine a few thousand investors pockets, do another hole, and repeat the whole process. The whole thing is a farce from what I've seen of the results to date.

The Meek Shall Inherit The Earth

... but not the Mineral Rights...

Jimbo
50.2% (Neutral)
Newbie

10 years ago

#288

"skippy" wrote:
Make up some results, run the share price, mine a few thousand investors pockets, do another hole, and repeat the whole process. The whole thing is a farce from what I've seen of the results to date.

Exactly! :thumbup:

"PDHMS, WMRG, DCC, Welsh Mines Society, Northern Mines Research Group, Nenthead Mines Society and General Forum Gobshite!"

Minegeo
50.2% (Neutral)
Newbie

10 years ago

#289

Totally agree - no geological credibility in the statements they made and results do not justify any further drilling.

Sopwithfan
50.2% (Neutral)
Newbie

10 years ago

#290

"Minegeo" wrote:
Totally agree - no geological credibility in the statements they made and results do not justify any further drilling.

That's not what they were saying a month ago.

http://www.hexhamcourant.co.uk/news/nenthead-mining-project-on-track-1.1196217

if you can believe that.

Dave Greenwood.

skippy
50.2% (Neutral)
Newbie

10 years ago

#291

Well there's at least two mining / exploration geologists on this forum who have experienced the whole process of running shares and rorting the stock market. I spent years in Australia in the middle of the nickel and gold booms - I've seen it all. Minco are just doing what every speculative junior has done since the day shares were first publicly traded. A few scruffy diamond holes do not make a mine - and half are drilling through backfilled stopes. I wouldn't mind borrowing the drill for a few days to push a hole through the Whin Sill under Greenlaws mind you... :smartass:

The Meek Shall Inherit The Earth

... but not the Mineral Rights...

derrickhand
50.2% (Neutral)
Newbie

10 years ago

#292

I don't actually know much in detail about core analysis, but one thing I have learnt from experience us that there is a fairly well developed relationship between the time spent on a drilling programme, and the appearance of credible results.

Doesn't matter whether it's oil, gas, coal, gold, tin or any other damn thing, if there isn't a credible reserve body within two years work, or one year's work if you are following the Old Man, there isn't one full stop.

The crucial exceptions are when you are either developing a completely new technology - the fracking boom is a good example, because the existence of the reserves was well known, it was the extraction techniques that needed developing - or when the whole geo-political situation causes a radical change in the economics, as happened in oil in the early 1970s leading to the great North Sea oil rush

plus ca change, plus c'est le meme chose

Graigfawr
50.2% (Neutral)
Newbie

10 years ago

#293

"derrickhand" wrote:

Doesn't matter whether it's oil, gas, coal, gold, tin or any other damn thing, if there isn't a credible reserve body within two years work, or one year's work if you are following the Old Man, there isn't one full stop

Unless you are mining investors, tax breaks and subsidies, in which case the process can be spun out rather longer...

Ty Gwyn
50.2% (Neutral)
Newbie

10 years ago

#294

"Graigfawr" wrote:

"derrickhand" wrote:

Doesn't matter whether it's oil, gas, coal, gold, tin or any other damn thing, if there isn't a credible reserve body within two years work, or one year's work if you are following the Old Man, there isn't one full stop

Unless you are mining investors, tax breaks and subsidies, in which case the process can be spun out rather longer...

Similar to the Cumbrian and Cannonbie Coal projects?

sparlad
50.2% (Neutral)
Newbie

10 years ago

#295

Similar to the Cumbrian and Cannonbie Coal projects?

I think that's a bit different in that the reserves are real. My understanding is that area is heavily faulted, making conventional mining difficult. That's why it was never developed previously. Not sure how they are going to deal with the faulting but with a name like New Age Exploration they'll probably rely on the power of crystals 😉

derrickhand
50.2% (Neutral)
Newbie

10 years ago

#296

Or South Crofty, come to that. The Wide Formation is real enough.

plus ca change, plus c'est le meme chose

Buckhill
50.2% (Neutral)
Newbie

10 years ago

#297

"sparlad" wrote:
Similar to the Cumbrian and Cannonbie Coal projects?

I think that's a bit different in that the reserves are real. My understanding is that area is heavily faulted, making conventional mining difficult. That's why it was never developed previously. Not sure how they are going to deal with the faulting but with a name like New Age Exploration they'll probably rely on the power of crystals ;)

The West Cumbrian project, according to their CE, will overcome the faulting by working a "more benign area offshore, not reached by previous operators". This seems to be based purely on seismics, something which we had little success with in the '60s and '70s due to the masking effect of the overlying evaporites, and where we did get results they failed to show clearly the lower throw "nuisance" faults, which are numerous - and on average there are over ten 3m+ (stoppers) per sq km. The tenfold increase on the highest productivity ever achieved there will be due to "modern mining techniques" and the emissions from such a high rate of output in this notoriously gassy field will similiarly be neutralised by "modern ventilation methods".

ardtole
50.2% (Neutral)
Newbie

10 years ago

#298

any sign of drilling resuming on the pennines?

Sopwithfan
50.2% (Neutral)
Newbie

10 years ago

#299

Latest drilling results from Minco:

http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00034782&fileName=/csfsprod/data151/filings/02344117/00000001/f%3A%5CMinco%5C2015%5CMIOMDADece312015.pdf

Dave Greenwood.

John Lawson
50.2% (Neutral)
Newbie

10 years ago

#300

Thanks for the link Dave.

I cannot see any large scale Bonanza in them.

I also note that just as the L.L.C. & V.M. found, the ores seem to be largely economic in the G.L. wheras Minc's initial reason for drilling was to test the Melmerby Scar Limestone, and so far at least this looks a dead duck!