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Sun is rising on Sunrise Resources ! (SRES)
skyhigh - 19 Nov 2010 12:25
Bought in a few days ago.. could be worth a small spec punt.... (imho, dyor)
anyone else in ?
Clifftopp - 27 Dec 2010 10:33 - 2 of 86
Yes - have been here since Sunrise were spun off from Tertiary and bought more at 1.1 and 1.5 p. Speculative - let's see how the various projects unfold over the next few months. Results from the Long Lake gold prospect due in January. Also, liklihood of a diamond mining license for a Western Australian prospect previously explored by De Beers. And of course the old barite mine in West Cork where it appears that significant new reserves have been proven. Quite a few projects to maintain interest.
gibby - 12 Jan 2011 14:10 - 3 of 86
the BOD think there is 500k-1million oz of gold down there which if 1million oz found would attract values of between $15-$30 million.......at 5.2p currently we have a Market Cap of only 16 million (308.9 million shares issued).
Company is well funded after placement in November 2010 which raised 1.2 million.
Also from the Northland broker note 08/12/2010....... "the existing mine only scratched the surface of the potential with a significant amount of intersections establishing gold beneath the 55m zone exploited, prior to the closure of the original open pit"
Also results due from the Barite project concept study.....encouraging results from high grade white barite samples found which sells for 200 a tonne and 30,000 tonnes mined from the site historically......survey indicated 750metre strike length with potential for a parallel vein also indicated.
Plus we have diamond drilling licences in Australia and Finland so a diverse Compnay which appears to be well managed......
Company is well funded after placement in November 2010 which raised 1.2 million.
Also from the Northland broker note 08/12/2010....... "the existing mine only scratched the surface of the potential with a significant amount of intersections establishing gold beneath the 55m zone exploited, prior to the closure of the original open pit"
Also results due from the Barite project concept study.....encouraging results from high grade white barite samples found which sells for 200 a tonne and 30,000 tonnes mined from the site historically......survey indicated 750metre strike length with potential for a parallel vein also indicated.
Plus we have diamond drilling licences in Australia and Finland so a diverse Compnay which appears to be well managed......
gibby - 12 Jan 2011 21:29 - 4 of 86
IMO Beware REM...
Markets
Rare Earth Minerals' 333pc rise after name change puts Aim under fresh scrutiny
What's in a name? About 10m, according to investors in Aim-listed Rare Earth Minerals Plc, whose share price rose 66pc yesterday.
Rare Earth Minerals' new website can still be found at www.zestmusic.com By Rowena Mason, Energy Correspondent 6:00AM GMT 31 Dec 2010
18 Comments
The company, which does not yet own any rare earth minerals or licences to mine them, was a loss-making music business called Zest until eight days ago.
It has not revealed how it plans to acquire any of the minerals on which China has a near monopoly. Nor has it disclosed the countries where it is targeting acquisitions with just 630,000 of cash in the bank.
However, since it proposed the name change on November 12, its share price has more than quadrupled from 0.35p, valuing it at 3.1m, to 1.52p, valuing it at 13.5m.
The rise is likely to raise further questions about the London Stock Exchange's governance of the AIM market - three years on since Roel Campos, an SEC commissioner, described the junior market as a "like a casino".
It has been under renewed scrutiny since Desire Petroleum's wild share spikes earlier this month. A spokesman for AIM declined to comment on whether the regulatory team is looking into Rare Earth Minerals
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Lenigas aims to mine rich seam in rare earths31 Dec 2010
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One broker said: "It is penny stock madness, a herd mentality, though I'm not sure what they're trying to cash in on. It is just like a type of dotcom boom situation."
At the height of the dotcom boom, a string of cash shells - companies with a stock market quote but no actual business - listed on AIM. The value collapsed when the bubble burst, prompting the LSE to change its rules.
TD Waterhouse, the retail broker, said Rare Earth Minerals was its most traded stock yesterday, with the most buy orders and fourth most sell orders. "It's the first time I've ever seen it appear in the top ten," a spokesman said.
More than 143m shares changed hands, despite no new publicly available information.
The only announcement the company has made recently has been the award of 98m share options to "directors, staff , consultants and advisors" at 0.5p, redeemable in ten years.
The company's shares also rose sharply in January, when it appointed David Lenigas, a veteran of the world of penny stocks, as a non-executive. He is one of only two board members at Rare Earth Minerals and disclosed he was a director of 94 other companies including Solo Oil, Vatulouka Gold Mines and LonZim.
Last year, a study by Manchester Business School found AIM companies were no more likely to fail than those on other markets. However, they had more chance of survival if older, bigger, had a greater free float and a reputable nominated advisor.
Rare Earth Minerals was unavailable for comment.
Markets
Rare Earth Minerals' 333pc rise after name change puts Aim under fresh scrutiny
What's in a name? About 10m, according to investors in Aim-listed Rare Earth Minerals Plc, whose share price rose 66pc yesterday.
Rare Earth Minerals' new website can still be found at www.zestmusic.com By Rowena Mason, Energy Correspondent 6:00AM GMT 31 Dec 2010
18 Comments
The company, which does not yet own any rare earth minerals or licences to mine them, was a loss-making music business called Zest until eight days ago.
It has not revealed how it plans to acquire any of the minerals on which China has a near monopoly. Nor has it disclosed the countries where it is targeting acquisitions with just 630,000 of cash in the bank.
However, since it proposed the name change on November 12, its share price has more than quadrupled from 0.35p, valuing it at 3.1m, to 1.52p, valuing it at 13.5m.
The rise is likely to raise further questions about the London Stock Exchange's governance of the AIM market - three years on since Roel Campos, an SEC commissioner, described the junior market as a "like a casino".
It has been under renewed scrutiny since Desire Petroleum's wild share spikes earlier this month. A spokesman for AIM declined to comment on whether the regulatory team is looking into Rare Earth Minerals
Related Articles
Madagascar Oil shares suspended 17 Dec 2010
Internet talk of Falkland oil discovery ramps Desire 28 Oct 2010
Revealed: how Desire's advisers have cashed in 29 Oct 2010
Miners finish with flourish as FTSE 100 limps towards 201131 Dec 2010
Lenigas aims to mine rich seam in rare earths31 Dec 2010
Beware dreams of gushing Falklands oil after Desire's flop31 Dec 2010
One broker said: "It is penny stock madness, a herd mentality, though I'm not sure what they're trying to cash in on. It is just like a type of dotcom boom situation."
At the height of the dotcom boom, a string of cash shells - companies with a stock market quote but no actual business - listed on AIM. The value collapsed when the bubble burst, prompting the LSE to change its rules.
TD Waterhouse, the retail broker, said Rare Earth Minerals was its most traded stock yesterday, with the most buy orders and fourth most sell orders. "It's the first time I've ever seen it appear in the top ten," a spokesman said.
More than 143m shares changed hands, despite no new publicly available information.
The only announcement the company has made recently has been the award of 98m share options to "directors, staff , consultants and advisors" at 0.5p, redeemable in ten years.
The company's shares also rose sharply in January, when it appointed David Lenigas, a veteran of the world of penny stocks, as a non-executive. He is one of only two board members at Rare Earth Minerals and disclosed he was a director of 94 other companies including Solo Oil, Vatulouka Gold Mines and LonZim.
Last year, a study by Manchester Business School found AIM companies were no more likely to fail than those on other markets. However, they had more chance of survival if older, bigger, had a greater free float and a reputable nominated advisor.
Rare Earth Minerals was unavailable for comment.
gibby - 12 Jan 2011 21:29 - 5 of 86
apologies - wrong board!!
hangon - 13 Jan 2011 15:49 - 6 of 86
gibby, you can move it.
Not sure about Sunrise, suspect recent share jump is punter madness.
-Other views?
Not sure about Sunrise, suspect recent share jump is punter madness.
-Other views?
gibby - 14 Jan 2011 18:16 - 7 of 86
well yes - from what i have heard i am surprised we are not in the 7p+ range already - but something for you to get your teeth into that is factual not heresay need to refer back to june rns last year for starters which is getting nearer to fruition - it is extremely good news to those in the know - brief summary followed bt the rns itself:
sres has used this warrant as part of the 3 year option to aquire 100% of the property...from rns 23/06/10..imo they would not exercise this if the results were not in sres favour!
Sudbury is elephant country for nickel-copper-PGM deposits and the nickel targets on the claim block are a real bonus. Its rare to find two such prospective but geologically distinct projects in the one claim block.
OPTION AGREEMENT
The Company may acquire a 100% interest in the Property by making staged payments totalling Can $575,000 over a three year period, by meeting exploration expenditures of Can $500,000 in that period and by issuing up to 5,000,000 five year share warrants exercisable at 0.675p per share. The vendor retains a 3% NSR on the property of which 2% may be purchased by the Company at any time for the sum of Can$3 million.
& rns
RNS Number : 0687O Sunrise Resources Plc 23 June 2010
www.sunriseresourcesplc.com
23 June 2010
PROJECT UPDATE
LONG LAKE GOLD PROJECT, SUDBURY, CANADA
___________________________________________________________________________
Sunrise Resources plc ("Sunrise" or "the Company") is pleased to announce that it has acquired additional exploration data for its recently acquired Long Lake gold project in Canada and completed an initial field evaluation of selected targets for Copper-Nickel-Platinum Group Metal (Ni-Cu-PGM) mineralisation.
The privately held data relates to gold exploration carried out by Dupont Exploration in 1981-82 and Pronto Exploration during 1987-88 before the land became open to staking. It includes the detailed results of mapping, sampling and drilling around the site of the abandoned Long Lake gold mine and in an unworked area 350m south of the mine drilling results where highlights of the drilling include gold mineralised intersections of 5.7m grading 30g/t gold in 1973 with follow up results of 4.1m grading 12g/t gold in 1987. The newly acquired data will be incorporated into the drill planning programme currently underway.
The consideration for the acquisition was a cash payment of Canadian $2,000 and the issue of 600,000 three year share warrants each exercisable at a price of 0.75p per share.
Separately, the Company has commenced field evaluation of a number of high priority targets for Copper-Nickel-PGM within the claim block - including Anomaly 19, an untested high-priority electromagnetic anomaly identified during a 2008 airborne survey. Electromagnetic anomalies are targeted for conductive metal sulphide mineralisation.
The field evaluation of Anomaly 19 was carried out by Andy Bite a published expert in Sudbury geology who was formerly a senior geologist for Inco in Sudbury. The anomaly is reported by Mr Bite to be located in a classical Sudbury Breccia - quartz diorite metamorphic complex similar to that containing the Frood-Stobie and Vermillion Mines, as well as Quadra-FNX's recently discovered Segway footwall occurrence. The Frood-Stobie deposit is considered one of the largest in Sudbury, containing over 500 million tons of copper-nickel-PGM mineralization. Follow up exploration is planned.
Commenting today, the Chairman of Sunrise, Patrick Cheetham said "The new data will certainly help focus our summer drill programmes at the Long Lake gold mine and we are pleased to see an early and independent validation of the Ni-Cu potential of the claims particularly Anomaly 19 where further exploration is planned."
For further information see below, or contact:
Patrick Cheetham, Sunrise Resources plc. Tel: +44 (0)1625-505947. Mobile: +44(0)7767 458751
Gavin Burnell or Antony Legge, Astaire Securities plc. Tel: +44(0)20 7492 4773
The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies dated June 2009. Mr Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.
Background Information:
Since 1883 the Sudbury mining field has accounted for over 25% of the world's total nickel production and new discoveries continue to be made. It is the most productive nickel-mining field in the world with over 1.7 billion tonnes of past production, reserves and resources. Nickel-copper-and platinum group metals ("PGM") bearing sulphide minerals occur in and around a 60 km by 27 km elliptical igneous body called the Sudbury Igneous Complex ("SIC").
The Company holds a three year option, effective 5 May 2010 to acquire a group of mineral claims located to the south-west of Sudbury in the mineralised southern footwall of the SIC. In its claim area the SIC footwall rocks are host to a gold deposit formerly worked as the Long Lake Gold Mine. This produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939 from a 50m diameter open glory-hole developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised sedimentary rock down to a depth of just 55m from surface.
The claims also include potential 10km extension to producing Copper Cliff offset dyke system prospective for nickel-copper-platinum group metals, where, north of the Company's Property, the producing Copper Cliffs South mine and the Copper Cliff North mine have yielded over 200 million tonnes of ore and Vale Inco Limited's Clarabelle Mill, Copper Cliff Smelter and Copper Cliff Nickel Refinery are located in close proximity.
Offset Dykes have become the target of progressively more intense exploration interest in recent years following a number of new discoveries. The latest such discovery on the Copper Cliff Offset dyke was made in 2004 at Kelly Lake, to the south of the existing mines (in the direction of the Company's Long Lake property), where a resource of over 20 Mt at a grade of 3.5% combined nickel and copper and 5 g/t PGM has been reported.
The Company may acquire a 100% interest in the Property by making staged payments totalling Can $575,000 over a three year period, by meeting exploration expenditures of Can $500,000 in that period and by issuing up to 5,000,000 five year share warrants exercisable at 0.675p per share. The vendor retains a 3% NSR on the property of which 2% may be purchased by the Company at any time for the sum of Can$3 million.
This information is provided by RNS The company news service from the London Stock Exchange
keep sres on your radar - looking fwd to the year ahead & beyond - loads happening - gl
sres has used this warrant as part of the 3 year option to aquire 100% of the property...from rns 23/06/10..imo they would not exercise this if the results were not in sres favour!
Sudbury is elephant country for nickel-copper-PGM deposits and the nickel targets on the claim block are a real bonus. Its rare to find two such prospective but geologically distinct projects in the one claim block.
OPTION AGREEMENT
The Company may acquire a 100% interest in the Property by making staged payments totalling Can $575,000 over a three year period, by meeting exploration expenditures of Can $500,000 in that period and by issuing up to 5,000,000 five year share warrants exercisable at 0.675p per share. The vendor retains a 3% NSR on the property of which 2% may be purchased by the Company at any time for the sum of Can$3 million.
& rns
RNS Number : 0687O Sunrise Resources Plc 23 June 2010
www.sunriseresourcesplc.com
23 June 2010
PROJECT UPDATE
LONG LAKE GOLD PROJECT, SUDBURY, CANADA
___________________________________________________________________________
Sunrise Resources plc ("Sunrise" or "the Company") is pleased to announce that it has acquired additional exploration data for its recently acquired Long Lake gold project in Canada and completed an initial field evaluation of selected targets for Copper-Nickel-Platinum Group Metal (Ni-Cu-PGM) mineralisation.
The privately held data relates to gold exploration carried out by Dupont Exploration in 1981-82 and Pronto Exploration during 1987-88 before the land became open to staking. It includes the detailed results of mapping, sampling and drilling around the site of the abandoned Long Lake gold mine and in an unworked area 350m south of the mine drilling results where highlights of the drilling include gold mineralised intersections of 5.7m grading 30g/t gold in 1973 with follow up results of 4.1m grading 12g/t gold in 1987. The newly acquired data will be incorporated into the drill planning programme currently underway.
The consideration for the acquisition was a cash payment of Canadian $2,000 and the issue of 600,000 three year share warrants each exercisable at a price of 0.75p per share.
Separately, the Company has commenced field evaluation of a number of high priority targets for Copper-Nickel-PGM within the claim block - including Anomaly 19, an untested high-priority electromagnetic anomaly identified during a 2008 airborne survey. Electromagnetic anomalies are targeted for conductive metal sulphide mineralisation.
The field evaluation of Anomaly 19 was carried out by Andy Bite a published expert in Sudbury geology who was formerly a senior geologist for Inco in Sudbury. The anomaly is reported by Mr Bite to be located in a classical Sudbury Breccia - quartz diorite metamorphic complex similar to that containing the Frood-Stobie and Vermillion Mines, as well as Quadra-FNX's recently discovered Segway footwall occurrence. The Frood-Stobie deposit is considered one of the largest in Sudbury, containing over 500 million tons of copper-nickel-PGM mineralization. Follow up exploration is planned.
Commenting today, the Chairman of Sunrise, Patrick Cheetham said "The new data will certainly help focus our summer drill programmes at the Long Lake gold mine and we are pleased to see an early and independent validation of the Ni-Cu potential of the claims particularly Anomaly 19 where further exploration is planned."
For further information see below, or contact:
Patrick Cheetham, Sunrise Resources plc. Tel: +44 (0)1625-505947. Mobile: +44(0)7767 458751
Gavin Burnell or Antony Legge, Astaire Securities plc. Tel: +44(0)20 7492 4773
The information in this release has been compiled and reviewed by Mr. Patrick Cheetham (MIMMM, MAusIMM) who is a qualified person for the purposes of the AIM Note for Mining and Oil & Gas Companies dated June 2009. Mr Cheetham is a Member of the Institute of Materials, Minerals & Mining and also a member of the Australasian Institute of Mining & Metallurgy.
Background Information:
Since 1883 the Sudbury mining field has accounted for over 25% of the world's total nickel production and new discoveries continue to be made. It is the most productive nickel-mining field in the world with over 1.7 billion tonnes of past production, reserves and resources. Nickel-copper-and platinum group metals ("PGM") bearing sulphide minerals occur in and around a 60 km by 27 km elliptical igneous body called the Sudbury Igneous Complex ("SIC").
The Company holds a three year option, effective 5 May 2010 to acquire a group of mineral claims located to the south-west of Sudbury in the mineralised southern footwall of the SIC. In its claim area the SIC footwall rocks are host to a gold deposit formerly worked as the Long Lake Gold Mine. This produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939 from a 50m diameter open glory-hole developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised sedimentary rock down to a depth of just 55m from surface.
The claims also include potential 10km extension to producing Copper Cliff offset dyke system prospective for nickel-copper-platinum group metals, where, north of the Company's Property, the producing Copper Cliffs South mine and the Copper Cliff North mine have yielded over 200 million tonnes of ore and Vale Inco Limited's Clarabelle Mill, Copper Cliff Smelter and Copper Cliff Nickel Refinery are located in close proximity.
Offset Dykes have become the target of progressively more intense exploration interest in recent years following a number of new discoveries. The latest such discovery on the Copper Cliff Offset dyke was made in 2004 at Kelly Lake, to the south of the existing mines (in the direction of the Company's Long Lake property), where a resource of over 20 Mt at a grade of 3.5% combined nickel and copper and 5 g/t PGM has been reported.
The Company may acquire a 100% interest in the Property by making staged payments totalling Can $575,000 over a three year period, by meeting exploration expenditures of Can $500,000 in that period and by issuing up to 5,000,000 five year share warrants exercisable at 0.675p per share. The vendor retains a 3% NSR on the property of which 2% may be purchased by the Company at any time for the sum of Can$3 million.
This information is provided by RNS The company news service from the London Stock Exchange
keep sres on your radar - looking fwd to the year ahead & beyond - loads happening - gl
gibby - 14 Jan 2011 18:20 - 8 of 86
rns due anytime - if as expectec good should be a palatable % rise here easily 25%+ imo - as always watch out for the spike
cielo - 17 Jan 2011 13:01 - 9 of 86
some profit taking this morning after 2 days of rising and no news, but the Level 2 is strong again, at 5.50 / 5.90p and ready to move higher from here
the sells have stop and buys have moved in and the MMs at offer have move higher and now only 1 left
large spread but one has to pay full price
Level 2
6 v 1
the sells have stop and buys have moved in and the MMs at offer have move higher and now only 1 left
large spread but one has to pay full price
Level 2
6 v 1
gibby - 17 Jan 2011 14:34 - 10 of 86
agreed - personally topped up on low
cielo - 17 Jan 2011 15:43 - 11 of 86
Now in second stage of the rise, at this rate maybe will finish par for the day
At the moment MMs are rising the bid in order to encourage sellers
4MMs move up prices at 15.36 and 15.37pm, only one trade 20K buy at 15:55:35pm
At the moment MMs are rising the bid in order to encourage sellers
4MMs move up prices at 15.36 and 15.37pm, only one trade 20K buy at 15:55:35pm
gibby - 18 Jan 2011 17:42 - 12 of 86
nice and steady northerly again today
gibby - 25 Jan 2011 07:34 - 13 of 86
kerrrchinnnnnggggg!
Sunrise Resources
Encouraging Drill Results
RNS Number : 0013A
Sunrise Resources Plc
25 January 2011
25 January 2011
ENCOURAGING DRILL RESULTS
LONG LAKE GOLD PROJECT, SUDBURY, CANADA
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that it has now received assay results from the majority of samples submitted for analysis from the first phase of drilling at its Long Lake Gold Project near Sudbury in Ontario, Canada. Results demonstrate that gold mineralisation extends near surface beyond the pit limits and confirms that mineralisation continues at depth below the mine workings, as predicted.
Highlights:
Mineralisation intersected at shallow depth outside of existing pit limits.
Best result of 17.0m grading 2.9g/t gold including 2.3m grading 16.1 g/t gold within a 35m thick interval grading 2.0 g/t gold.
Grades to 55 g/t gold (1.8 ounces gold per tonne) over narrow intervals.
Deepest hole intersects mineralised mine sequence in predicted position below the mine workings confirming continuation of the mineralisation at depth.
Details of the drilling programme were set out in news releases dated 11 November 2010 and 22 December 2010. The Company is awaiting the results of surface and down-hole geophysical surveys, also detailed in the previous news releases, which are expected to help the interpretation of the new drill results. The Board expects the geophysical results to be available in early February and has started planning for a second phase of drilling at Long Lake.
Overview of Drill Results
The Long Lake Gold Mine historically produced 57,000 ounces of gold from over 200,000 tonnes of ore mined from a 60m diameter open glory-hole. This open pit was developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised quartzite (metamorphosed sandstone) down to a depth of just 55m from surface.
The mine series quartzite is bounded on three sides by intrusive gabbro and open to the south-east along the strike direction of the sequence. The pipe sits to the south of, and in the hanging wall of, the north-east striking Wallingford fault.
Four drill holes, 10LD001 to 10LD004, were completed to test for extensions to mineralisation in the immediate environs of the open mine workings.
The best result was obtained from Hole 3, a vertical hole drilled some 15m to the south-west of the boundary of the open pit. This returned a drill intersection of 35.4m grading 2.0 grammes/tonne (g/t) gold, including 17.0m grading 2.9g/t gold and 2.3m grading 16.1g/t gold, all from 27.04m down hole. Samples in this hole assayed up to 55g/t (1.8 ounces per tonne) over 0.33m.
Hole 10LD001 was located approximately 8m from the north-east boundary of the open pit (on the opposite side of the pit from hole 10LD003) and was drilled at an angle of 45 degrees towards the north-west. This hole intersected 4.6m grading 2.0g/t from 7.9m down hole at which point the hole hit barren gabbro which is probably intrusive into the mine sequence. Holes10LD003 and 001LD004 demonstrate that mineralisation extends well beyond the pit boundaries near surface.
Hole 10LD002 was drilled perpendicular to Hole 10LD001 and parallel to the north-west side of the pit to test the possibility that gold might also be associated with structures that cross cut the stratigraphy and also the Wallingford fault. This hole intersected a weakly gold-anomalous sequence of gabbro and quartzite and may have been drilled largely in the footwall of the fault.
A prime drill target for the recently completed programme was to test for the continuation of gold mineralisation below the deepest exploratory mine workings (the 4th level at 100m vertical depth from surface) where the Company's 3D modelling of historical mine workings and old drill data suggested that mineralisation continued at depth in a number of 1930s drill holes.
The Company is therefore very pleased to report that its drill hole 10LD004 (inclined 80 degrees towards the north-west) intersected mineralised mine series quartzite at a down-hole depth of 121.9m. This compares remarkably well with the expected target depth of 120m vertical depth reported in the Company's news release dated 11 November 2010. The grade of mineralisation in Hole10LD004 (1.4m grading 1.9g/t gold from 121.9m down hole) is considered less significant in this first stage of drilling than the actual relocation of the mineralised zone which was identified only after extensive historical research and painstaking 3D reconstruction of archive data and 1930s news releases. Plotting of the new hole 10LD004 on the 3D model suggests that it passed through a part of this mineralised zone where a 1930s drill hole found similar grades and thicknesses of mineralisation (4.2m grading 1.1 g/t gold) but where adjacent and nearby 1930s holes reported much higher grades (e.g. reported intersections of 6m grading 13.8g/t gold and 1.5m grading 30.2g/t gold). Follow up drilling in this area is now a high priority.
Drill Holes 10LD005 and 10LD006 were designed to test geophysical anomalies A22 and A23 respectively which are located 500m and 900m north-east of the mine. Both holes intersected minor pyrite and chalcopyrite (iron and copper-sulphide) in a mafic rock sequence, but found no significant gold mineralisation. The concentration of sulphide mineralisation in hole 10LD006 was judged insufficient to explain the magnitude of the geophysical anomaly and it is considered that the hole may have missed the target zone. A decision was therefore taken to carry out a down-hole and surface IP survey over Anomaly 23 to see if additional testing is warranted. Results from this geophysical survey are awaited.
Drill Holes 10LD07-09 were drilled to test prospecting targets identified during the summer and were located at wide spacing over a 900m section of a second quartzite sequence that runs parallel to the mine sequence some 350m to the south. This second quartzite sedimentary sequence hosts the E1 gold prospect where drilling in the 1970s and 1980s intersected high-grade gold mineralisation (e.g. 5.7m grading 30g/t gold in 1973 with follow up results of 4.1m grading 12g/t gold in 1987) but where the controls on gold mineralisation remain poorly understood.
The E1 zone was not drilled in the current programme but it was included in the recently completed surface and down-hole geophysical surveys.
Hole 10LD007, a particularly speculative drill hole, intersected gabbro and granite with no significant gold results. Assay results are still awaited for holes 10LD008 and hole 100LD009.
Table of Significant Drilling Results:
Hole Number
Start Depth
Down Hole (m)
Drill Intersection (m)
Gold Grade
g/t
10LD001
7.94m
4.65m
2.0 g/t
10LD003
27.04m
35.43m
2.0 g/t
inc.
27.04m
17.05m
2.9 g/t
inc.
27.04m
2.27m
16.1 g/t
10LD004
121.88m
1.40m
1.9 g/t
Sampling Quality Analysis and Quality Control
The drill programme, including logging, drill core sampling and QA/QC is being supervised by Elisabeth Ronacher of Caracle Creek International Consulting (CCIC).
Diamond drill core was first split in half using a diamond core saw and then logged, and photographed prior to sampling. Half-core samples were bagged, sealed and transported to AGAT Laboratories in Sudbury for analysis. The QA/QC procedures that were followed include adding blind standard samples and duplicate quarter core samples to the sample sequence prior to submission to AGAT Laboratories' Mining Division.
Gold was assayed by fire assay with an ICP finish with samples assaying over 10g/t automatically re-submitted for check analysis by a fire assay method using a gravimetric finish. AGAT Laboratories' Mining Division is accredited to ISO/IEC 17025 and CAN-P-1579 by the Standard's Council of Canada (SCC). AGAT'S internal quality control procedures include the regular analysis of replicate samples, reference materials and reference blanks.
Sunrise Resources
Encouraging Drill Results
RNS Number : 0013A
Sunrise Resources Plc
25 January 2011
25 January 2011
ENCOURAGING DRILL RESULTS
LONG LAKE GOLD PROJECT, SUDBURY, CANADA
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that it has now received assay results from the majority of samples submitted for analysis from the first phase of drilling at its Long Lake Gold Project near Sudbury in Ontario, Canada. Results demonstrate that gold mineralisation extends near surface beyond the pit limits and confirms that mineralisation continues at depth below the mine workings, as predicted.
Highlights:
Mineralisation intersected at shallow depth outside of existing pit limits.
Best result of 17.0m grading 2.9g/t gold including 2.3m grading 16.1 g/t gold within a 35m thick interval grading 2.0 g/t gold.
Grades to 55 g/t gold (1.8 ounces gold per tonne) over narrow intervals.
Deepest hole intersects mineralised mine sequence in predicted position below the mine workings confirming continuation of the mineralisation at depth.
Details of the drilling programme were set out in news releases dated 11 November 2010 and 22 December 2010. The Company is awaiting the results of surface and down-hole geophysical surveys, also detailed in the previous news releases, which are expected to help the interpretation of the new drill results. The Board expects the geophysical results to be available in early February and has started planning for a second phase of drilling at Long Lake.
Overview of Drill Results
The Long Lake Gold Mine historically produced 57,000 ounces of gold from over 200,000 tonnes of ore mined from a 60m diameter open glory-hole. This open pit was developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised quartzite (metamorphosed sandstone) down to a depth of just 55m from surface.
The mine series quartzite is bounded on three sides by intrusive gabbro and open to the south-east along the strike direction of the sequence. The pipe sits to the south of, and in the hanging wall of, the north-east striking Wallingford fault.
Four drill holes, 10LD001 to 10LD004, were completed to test for extensions to mineralisation in the immediate environs of the open mine workings.
The best result was obtained from Hole 3, a vertical hole drilled some 15m to the south-west of the boundary of the open pit. This returned a drill intersection of 35.4m grading 2.0 grammes/tonne (g/t) gold, including 17.0m grading 2.9g/t gold and 2.3m grading 16.1g/t gold, all from 27.04m down hole. Samples in this hole assayed up to 55g/t (1.8 ounces per tonne) over 0.33m.
Hole 10LD001 was located approximately 8m from the north-east boundary of the open pit (on the opposite side of the pit from hole 10LD003) and was drilled at an angle of 45 degrees towards the north-west. This hole intersected 4.6m grading 2.0g/t from 7.9m down hole at which point the hole hit barren gabbro which is probably intrusive into the mine sequence. Holes10LD003 and 001LD004 demonstrate that mineralisation extends well beyond the pit boundaries near surface.
Hole 10LD002 was drilled perpendicular to Hole 10LD001 and parallel to the north-west side of the pit to test the possibility that gold might also be associated with structures that cross cut the stratigraphy and also the Wallingford fault. This hole intersected a weakly gold-anomalous sequence of gabbro and quartzite and may have been drilled largely in the footwall of the fault.
A prime drill target for the recently completed programme was to test for the continuation of gold mineralisation below the deepest exploratory mine workings (the 4th level at 100m vertical depth from surface) where the Company's 3D modelling of historical mine workings and old drill data suggested that mineralisation continued at depth in a number of 1930s drill holes.
The Company is therefore very pleased to report that its drill hole 10LD004 (inclined 80 degrees towards the north-west) intersected mineralised mine series quartzite at a down-hole depth of 121.9m. This compares remarkably well with the expected target depth of 120m vertical depth reported in the Company's news release dated 11 November 2010. The grade of mineralisation in Hole10LD004 (1.4m grading 1.9g/t gold from 121.9m down hole) is considered less significant in this first stage of drilling than the actual relocation of the mineralised zone which was identified only after extensive historical research and painstaking 3D reconstruction of archive data and 1930s news releases. Plotting of the new hole 10LD004 on the 3D model suggests that it passed through a part of this mineralised zone where a 1930s drill hole found similar grades and thicknesses of mineralisation (4.2m grading 1.1 g/t gold) but where adjacent and nearby 1930s holes reported much higher grades (e.g. reported intersections of 6m grading 13.8g/t gold and 1.5m grading 30.2g/t gold). Follow up drilling in this area is now a high priority.
Drill Holes 10LD005 and 10LD006 were designed to test geophysical anomalies A22 and A23 respectively which are located 500m and 900m north-east of the mine. Both holes intersected minor pyrite and chalcopyrite (iron and copper-sulphide) in a mafic rock sequence, but found no significant gold mineralisation. The concentration of sulphide mineralisation in hole 10LD006 was judged insufficient to explain the magnitude of the geophysical anomaly and it is considered that the hole may have missed the target zone. A decision was therefore taken to carry out a down-hole and surface IP survey over Anomaly 23 to see if additional testing is warranted. Results from this geophysical survey are awaited.
Drill Holes 10LD07-09 were drilled to test prospecting targets identified during the summer and were located at wide spacing over a 900m section of a second quartzite sequence that runs parallel to the mine sequence some 350m to the south. This second quartzite sedimentary sequence hosts the E1 gold prospect where drilling in the 1970s and 1980s intersected high-grade gold mineralisation (e.g. 5.7m grading 30g/t gold in 1973 with follow up results of 4.1m grading 12g/t gold in 1987) but where the controls on gold mineralisation remain poorly understood.
The E1 zone was not drilled in the current programme but it was included in the recently completed surface and down-hole geophysical surveys.
Hole 10LD007, a particularly speculative drill hole, intersected gabbro and granite with no significant gold results. Assay results are still awaited for holes 10LD008 and hole 100LD009.
Table of Significant Drilling Results:
Hole Number
Start Depth
Down Hole (m)
Drill Intersection (m)
Gold Grade
g/t
10LD001
7.94m
4.65m
2.0 g/t
10LD003
27.04m
35.43m
2.0 g/t
inc.
27.04m
17.05m
2.9 g/t
inc.
27.04m
2.27m
16.1 g/t
10LD004
121.88m
1.40m
1.9 g/t
Sampling Quality Analysis and Quality Control
The drill programme, including logging, drill core sampling and QA/QC is being supervised by Elisabeth Ronacher of Caracle Creek International Consulting (CCIC).
Diamond drill core was first split in half using a diamond core saw and then logged, and photographed prior to sampling. Half-core samples were bagged, sealed and transported to AGAT Laboratories in Sudbury for analysis. The QA/QC procedures that were followed include adding blind standard samples and duplicate quarter core samples to the sample sequence prior to submission to AGAT Laboratories' Mining Division.
Gold was assayed by fire assay with an ICP finish with samples assaying over 10g/t automatically re-submitted for check analysis by a fire assay method using a gravimetric finish. AGAT Laboratories' Mining Division is accredited to ISO/IEC 17025 and CAN-P-1579 by the Standard's Council of Canada (SCC). AGAT'S internal quality control procedures include the regular analysis of replicate samples, reference materials and reference blanks.
gibby - 25 Jan 2011 17:36 - 14 of 86
http://www.proactiveinvestors.co.uk/companies/news/24912/sunrise-resources-reveal-encouraging-results-from-long-lake-gold-project-24912.html
cielo - 01 Feb 2011 15:56 - 15 of 86
4.35p ( 4.30 / 4.40p )
positive news last week and also at the AGM yesterday, is doing higher highs and higher lows since yesterday so moving uptrend.
Slow Stochastic at well oversold and share price at lower Bolinger Band ( buy signal )
positive news last week and also at the AGM yesterday, is doing higher highs and higher lows since yesterday so moving uptrend.
Slow Stochastic at well oversold and share price at lower Bolinger Band ( buy signal )
cielo - 01 Feb 2011 16:21 - 16 of 86
Today's closing price is at this point - Bullish Doji Star Candlestick Pattern -
and with yesterday's candlestick comes to a - Bullish Harami Cross Pattern -.
It seems a very bullish uptrend is on the way after the retracement
Bullish Doji Star Candlestick Pattern
The last two candlesticks formed a Bullish Harami Cross Pattern .
This is a bullish reversal pattern that marks a potential change in trend.
Bullish Doji Star Candlestick Pattern
The bullish doji star candlestick pattern is a rare formation that investors watch for because of its strong indication of a reversal. This star occurs during a strong downtrend. On the first day of the pattern, the bearish market continues with a long black candlestick. On the second day, however, there is a doji, a day that opens and closes at or near the same point. This day generally looks a lot like an addition sign due to the relatively equal length of the two wicks. This doji usually begins after a gap down, but obviously it has failed to fall any further. The dojis wicks tend to be short.
This is significant because it indicates that the downward market is losing strength. The bears were unable to sustain their trend, as evidenced by the lack of further downward movement. The lack of wicks suggests that the sellers and buyers are currently evenly matched. There will likely be a reversal in the near future. This day of indecision usually serves as an indicator that the market has reached its threshold and simply cannot move any further downward.
Your Next Move
The bullish doji star formation is both extremely rare and extremely reliable. In fact, many candlestick pattern experts consider it the strongest reversal signal seen in a two day pattern. However, many traders nonetheless wait to see what the third day holds. Any moves made on the second day of this pattern should be preparing for a bullish reversal, because it is highly likely. A lot of profit can be made at this point.
Confirmation
Confirmation of the bullish doji star would consist of any upward movement, whether it be a gap up, an even higher close, or any type of white candlestick. If there is a gap up the next day followed by a tall white candlestick that reaches above the opening of this formations first black day, the formation is a bullish morning doji star, which is a very strong confirmation. If the gap up the next day is so high that the wicks of the second and third day dont overlap, this is the bullish abandoned baby formation, which is even stronger.
cielo - 01 Feb 2011 22:20 - 17 of 86
bouncing from 50 DMA, higher volume today
;VOLMA(60);&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
cielo - 01 Feb 2011 23:32 - 18 of 86
Many strong points to bounce from and bullish candlestick pattern formations
cielo - 02 Feb 2011 08:38 - 19 of 86
Moving higher as there was buyers from the start
now 4.5 / 4.80p +0.25p
now 4.5 / 4.80p +0.25p
gibby - 04 Feb 2011 07:41 - 20 of 86
Below is a post from mulledwine which might explain why mine and many aim stocks are performing like they are.:
For those who are not aware - not all sells in AIM just now are becuase PI's have no faith in a Company!
On 21 Jan 11, CMC Markets, one of the worlds leading online CFD providers and financial spread betting companies, has de-listed ALL AIM stocks and all AIM share bets that remain open will be closed out at the closing price on 11th February 2011.
This has been causing some excessive selling in many AIM listed stocks and is worth noting if any of your AIM stocks are being hit by an unexplained sell-off as it could last until 11 Feb 11.
For those who are not aware - not all sells in AIM just now are becuase PI's have no faith in a Company!
On 21 Jan 11, CMC Markets, one of the worlds leading online CFD providers and financial spread betting companies, has de-listed ALL AIM stocks and all AIM share bets that remain open will be closed out at the closing price on 11th February 2011.
This has been causing some excessive selling in many AIM listed stocks and is worth noting if any of your AIM stocks are being hit by an unexplained sell-off as it could last until 11 Feb 11.
gibby - 08 Feb 2011 21:15 - 21 of 86
sres is a bargain right now - details of just one project below:
Long Lake Gold (& Ni-Cu-PGM) Project, Sudbury, Canada
Historic production of 57,000 ounces gold from 200,000 tonnes ore at a recovered grade of 9 g/t gold
Unexploited potential below and adjacent to shallow gold mine workings and in outlying prospects e.g. 6m @ 13.8g/t gold and 5.7m @ 30g/t gold in past drilling.
Claims also include potential 10km extension to producing Copper Cliff offset dyke system prospective for nickel-copper-platinum group metals
On 4 May 2010 the Company acquired a three year option acquire a 100% interest in the previously producing Long Lake Gold Mine located 20km south-west of the City of Sudbury, Ontario (Canada). The claims also cover potential extensions to the currently producing Copper Cliff dyke system which lies at the heart of the Worlds most productive nickel-copper mining complex.
Long Lake Gold Mine
The Long Lake Gold Mine produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939.
The average recovered mill grade was 9 grammes per tonne (g/t) gold and the mine tailings dumps (200,000 tonnes) which remain on site have a reported grade of 2-3 g/t gold indicating an average mine head grade of over 11g/t gold.
Most of the ore mined was extracted from a 50m diameter open glory-hole developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised sedimentary rock down to a depth of just 55m from surface.
Unexploited Potential
Old mine reports highlight that gold ore and waste rock were often visually difficult to distinguish and, today, native gold can be found in material on the mine waste dumps (see photos) A mineralised grab sample collected by the Company from the waste pile assayed 8.8g/t gold.
The horizontal limits of mining were reportedly defined by the economic cut-off grades of the day rather than any identifiable geological boundaries. Consequently the Company believes it likely that further gold mineralisation can be defined outside of the existing pit.
For example - a 1937 angled drill hole located just east of the pit returned 15.7m at 3.4g/t gold from surface. In addition a recent helicopter geophysical programme, which covered the mine and surrounding area, has identified a string of electrical conductors, possibly indicative of gold-bearing metal sulphides, extending from the mine in a north-easterly direction.
During the two periods of historic gold production exploratory mine development extended beneath the glory-hole down to the fourth mine level at 105m vertical depth where, at that time, it was thought the ore-body was displaced by faulting. However, drilling in 1936 encountered high grade ore in several holes in unexploited areas beneath the fault and approximately 25m below the deepest mine workings. The results, which included intersections of 6m @ 13.8g/t gold and 1.5m @ 30.2g/t gold, indicate considerable potential to define further high-grade gold mineralisation below the existing shallow workings, as well as beyond the current pit limits.
Since closure in 1939 the mine has been held privately and the past owners have been under no obligation to file details of past exploration work. However field reconnaissance by the Company and an extensive record search has shown that some exploration has taken place in an area 350m south of the mine where old newspaper reports highlight drilling results of 5.7m grading 30g/t gold in 1973 with follow up results of 4.1m grading 12g/t gold in 1987. Reporting of work in this outlying area on the Property is incomplete and the significance of these high grade drill intersections remains to be evaluated.
Copper Cliffs Offset Nickel-Copper-PGM Potential
Since 1883 the Sudbury mining field has accounted for over 25% of the world's total nickel production and new discoveries continue to be made. It is the most productive nickel-mining field in the world with over 1.7 billion tonnes of past production, reserves and resources.
Nickel-copper-and platinum group metals (PGM) bearing sulphide minerals occur in a 60 km by 27 km elliptical igneous body called the Sudbury Igneous Complex (SIC). Mineralisation occurs within the SIC as well as in the neighbouring country rocks in close association with breccias and so-called Offset Dykes. These are typically quartz-diorite in composition and extend both radially away from and concentric to the SIC . Nearly half of the nickel ore at Sudbury occurs in breccias and Offset Dykes in the footwall rocks of the SIC.
On the south trending Copper Cliff Offset Dyke, north of the Companys Property, the producing Copper Cliffs South mine and the Copper Cliff North mine have yielded over 200 million tonnes of ore and Vale Inco Limited's Clarabelle Mill, Copper Cliff Smelter and Copper Cliff Nickel Refinery are located in close proximity.
Offset Dykes have become the target of progressively more intense exploration interest in recent years following a number of new discoveries. The latest such discovery on the Copper Cliff Offset dyke was made in 2004 at Kelly Lake, to the south of the existing mines (in the direction of the Companys Long Lake property), where a resource of over 20 Mt at a grade of 3.5% combined nickel and copper and 5 g/t PGM has been reported.
Prospecting operations by the claim holder within the Property have included sampling, petrological studies and limited mapping. This has identified numerous areas with outcropping offset-type dykes. The Property was optioned during 2008 to Australian company Pegasus Metals Limited. At that time the Long Lake mine was privately held and excluded from the Pegasus option.
In 2008 Pegasus Metals carried out a helicopter-borne airborne electromagnetic survey which, identified potential gold targets near to the Long Lake mine as well as a number of conductive targets for nickel-copper-PGM. Ground examination confirmed that at least one such anomaly is associated with an outcrop of an Offset-type dyke. Whilst some follow up ground geophysics was carried out, Pegasus Metals dropped the option during the recent global financial crisis before drill testing any of the anomalies.
Sudbury is elephant country for nickel-copper-PGM deposits and the nickel targets on the claim block are a real bonus. Its rare to find two such prospective but geologically distinct projects in the one claim block.
OPTION AGREEMENT
The Company may acquire a 100% interest in the Property by making staged payments totalling Can$575,000 over a three year period, by meeting exploration expenditures of Can$500,000 in that period and by issuing up to 5,000,000 five year share warrants The vendor retains a 3% NSR on the property of which 2% may be purchased by the Company at any time for the sum of Can$3 million.
The claim block comprises 23 contiguous claims covering 40.3 square km (the Property). It has been assembled over a number of years and was recently expanded to include the Long Lake Gold Mine which was previously not open to staking.
Drill hole locations and IP survey lines;
work is quietly continuing there!!
Long Lake Gold (& Ni-Cu-PGM) Project, Sudbury, Canada
Historic production of 57,000 ounces gold from 200,000 tonnes ore at a recovered grade of 9 g/t gold
Unexploited potential below and adjacent to shallow gold mine workings and in outlying prospects e.g. 6m @ 13.8g/t gold and 5.7m @ 30g/t gold in past drilling.
Claims also include potential 10km extension to producing Copper Cliff offset dyke system prospective for nickel-copper-platinum group metals
On 4 May 2010 the Company acquired a three year option acquire a 100% interest in the previously producing Long Lake Gold Mine located 20km south-west of the City of Sudbury, Ontario (Canada). The claims also cover potential extensions to the currently producing Copper Cliff dyke system which lies at the heart of the Worlds most productive nickel-copper mining complex.
Long Lake Gold Mine
The Long Lake Gold Mine produced 57,000 ounces of gold from over 200,000 tonnes of ore mined in the periods 1910-1916 and 1932-1939.
The average recovered mill grade was 9 grammes per tonne (g/t) gold and the mine tailings dumps (200,000 tonnes) which remain on site have a reported grade of 2-3 g/t gold indicating an average mine head grade of over 11g/t gold.
Most of the ore mined was extracted from a 50m diameter open glory-hole developed on a plunging pipe-like zone of disseminated gold and strongly sulphide mineralised sedimentary rock down to a depth of just 55m from surface.
Unexploited Potential
Old mine reports highlight that gold ore and waste rock were often visually difficult to distinguish and, today, native gold can be found in material on the mine waste dumps (see photos) A mineralised grab sample collected by the Company from the waste pile assayed 8.8g/t gold.
The horizontal limits of mining were reportedly defined by the economic cut-off grades of the day rather than any identifiable geological boundaries. Consequently the Company believes it likely that further gold mineralisation can be defined outside of the existing pit.
For example - a 1937 angled drill hole located just east of the pit returned 15.7m at 3.4g/t gold from surface. In addition a recent helicopter geophysical programme, which covered the mine and surrounding area, has identified a string of electrical conductors, possibly indicative of gold-bearing metal sulphides, extending from the mine in a north-easterly direction.
During the two periods of historic gold production exploratory mine development extended beneath the glory-hole down to the fourth mine level at 105m vertical depth where, at that time, it was thought the ore-body was displaced by faulting. However, drilling in 1936 encountered high grade ore in several holes in unexploited areas beneath the fault and approximately 25m below the deepest mine workings. The results, which included intersections of 6m @ 13.8g/t gold and 1.5m @ 30.2g/t gold, indicate considerable potential to define further high-grade gold mineralisation below the existing shallow workings, as well as beyond the current pit limits.
Since closure in 1939 the mine has been held privately and the past owners have been under no obligation to file details of past exploration work. However field reconnaissance by the Company and an extensive record search has shown that some exploration has taken place in an area 350m south of the mine where old newspaper reports highlight drilling results of 5.7m grading 30g/t gold in 1973 with follow up results of 4.1m grading 12g/t gold in 1987. Reporting of work in this outlying area on the Property is incomplete and the significance of these high grade drill intersections remains to be evaluated.
Copper Cliffs Offset Nickel-Copper-PGM Potential
Since 1883 the Sudbury mining field has accounted for over 25% of the world's total nickel production and new discoveries continue to be made. It is the most productive nickel-mining field in the world with over 1.7 billion tonnes of past production, reserves and resources.
Nickel-copper-and platinum group metals (PGM) bearing sulphide minerals occur in a 60 km by 27 km elliptical igneous body called the Sudbury Igneous Complex (SIC). Mineralisation occurs within the SIC as well as in the neighbouring country rocks in close association with breccias and so-called Offset Dykes. These are typically quartz-diorite in composition and extend both radially away from and concentric to the SIC . Nearly half of the nickel ore at Sudbury occurs in breccias and Offset Dykes in the footwall rocks of the SIC.
On the south trending Copper Cliff Offset Dyke, north of the Companys Property, the producing Copper Cliffs South mine and the Copper Cliff North mine have yielded over 200 million tonnes of ore and Vale Inco Limited's Clarabelle Mill, Copper Cliff Smelter and Copper Cliff Nickel Refinery are located in close proximity.
Offset Dykes have become the target of progressively more intense exploration interest in recent years following a number of new discoveries. The latest such discovery on the Copper Cliff Offset dyke was made in 2004 at Kelly Lake, to the south of the existing mines (in the direction of the Companys Long Lake property), where a resource of over 20 Mt at a grade of 3.5% combined nickel and copper and 5 g/t PGM has been reported.
Prospecting operations by the claim holder within the Property have included sampling, petrological studies and limited mapping. This has identified numerous areas with outcropping offset-type dykes. The Property was optioned during 2008 to Australian company Pegasus Metals Limited. At that time the Long Lake mine was privately held and excluded from the Pegasus option.
In 2008 Pegasus Metals carried out a helicopter-borne airborne electromagnetic survey which, identified potential gold targets near to the Long Lake mine as well as a number of conductive targets for nickel-copper-PGM. Ground examination confirmed that at least one such anomaly is associated with an outcrop of an Offset-type dyke. Whilst some follow up ground geophysics was carried out, Pegasus Metals dropped the option during the recent global financial crisis before drill testing any of the anomalies.
Sudbury is elephant country for nickel-copper-PGM deposits and the nickel targets on the claim block are a real bonus. Its rare to find two such prospective but geologically distinct projects in the one claim block.
OPTION AGREEMENT
The Company may acquire a 100% interest in the Property by making staged payments totalling Can$575,000 over a three year period, by meeting exploration expenditures of Can$500,000 in that period and by issuing up to 5,000,000 five year share warrants The vendor retains a 3% NSR on the property of which 2% may be purchased by the Company at any time for the sum of Can$3 million.
The claim block comprises 23 contiguous claims covering 40.3 square km (the Property). It has been assembled over a number of years and was recently expanded to include the Long Lake Gold Mine which was previously not open to staking.
Drill hole locations and IP survey lines;
work is quietly continuing there!!
gibby - 08 Feb 2011 21:22 - 22 of 86
interesting last sentence from this extract of an ii report 25/1/11 The company expect the geophysical results to be available in early February'':
'This morning Sunrise confirmed that it intersected gold mineralisation at shallow depths, outside the existing pit limits.
The best results include 17 metres grading 2.9 grams per tonne gold, as well as 2.3 metres grading 16.1 grams per tonne gold within a 35 metre thick interval grading 2 grams per tonne gold. The highest grades reached 55 grams per tonne gold, albeit over narrow intervals.
Importantly the deepest hole in the programme has confirmed the continuation of the gold mineralisation at depth, also as predicted.
The value of micro-cap stock has risen by more than 1,100 percent in recent months, from around 0.5 pence to 6 pence, driven by the prospectively of the Long Lake project.
Now this mornings results show that Sunrise has successfully achieved it primary goals for this early-stage drilling programme.
While this vindicates much of the speculative interest in the stock, Sunrise is still valued at just 18 million and it is already piecing together plans for a follow up drill programme.
In the meantime Sunrise is awaiting the results of surface and down-hole geophysical surveys, which will help it understand the Long Lake gold deposit further. The company expect the geophysical results to be available in early February.'
'This morning Sunrise confirmed that it intersected gold mineralisation at shallow depths, outside the existing pit limits.
The best results include 17 metres grading 2.9 grams per tonne gold, as well as 2.3 metres grading 16.1 grams per tonne gold within a 35 metre thick interval grading 2 grams per tonne gold. The highest grades reached 55 grams per tonne gold, albeit over narrow intervals.
Importantly the deepest hole in the programme has confirmed the continuation of the gold mineralisation at depth, also as predicted.
The value of micro-cap stock has risen by more than 1,100 percent in recent months, from around 0.5 pence to 6 pence, driven by the prospectively of the Long Lake project.
Now this mornings results show that Sunrise has successfully achieved it primary goals for this early-stage drilling programme.
While this vindicates much of the speculative interest in the stock, Sunrise is still valued at just 18 million and it is already piecing together plans for a follow up drill programme.
In the meantime Sunrise is awaiting the results of surface and down-hole geophysical surveys, which will help it understand the Long Lake gold deposit further. The company expect the geophysical results to be available in early February.'
gibby - 10 Feb 2011 07:39 - 23 of 86
excellent!!! yeeeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that it has now received positive results from geophysical exploration carried out late last year at the Long Lake gold mine as well as the results from two previously unreported drill holes.
Highlights:
Several near surface anomalies recommended for ground checking and drill testing near Long Lake Gold Mine and at E1 prospect.
Geophysical profiling of historic boreholes identifies anomalies in un-assayed sections of historic drill holes at E1 prospect.
Significance of anomalies underlined by anomalous geophysical response of known mineralisation in Hole 10LD003 in Mine area (previously reported 35m thick interval grading 2.0 g/t gold including 2.3m grading 16.1 g/t gold).
3D imaging of borehole survey at E1 prospect suggests lateral continuity of mineralisation between surveyed drill holes.
Anomaly 23 confirmed as strong target missed by recent drill hole.
Patrick Cheetham, Chairman, commented today: "Results from the initial exploration programme have exceeded our expectations. The geophysical results released today have identified a number of additional drill targets and planning for a second phase of drilling at Long Lake is already underway."
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that it has now received positive results from geophysical exploration carried out late last year at the Long Lake gold mine as well as the results from two previously unreported drill holes.
Highlights:
Several near surface anomalies recommended for ground checking and drill testing near Long Lake Gold Mine and at E1 prospect.
Geophysical profiling of historic boreholes identifies anomalies in un-assayed sections of historic drill holes at E1 prospect.
Significance of anomalies underlined by anomalous geophysical response of known mineralisation in Hole 10LD003 in Mine area (previously reported 35m thick interval grading 2.0 g/t gold including 2.3m grading 16.1 g/t gold).
3D imaging of borehole survey at E1 prospect suggests lateral continuity of mineralisation between surveyed drill holes.
Anomaly 23 confirmed as strong target missed by recent drill hole.
Patrick Cheetham, Chairman, commented today: "Results from the initial exploration programme have exceeded our expectations. The geophysical results released today have identified a number of additional drill targets and planning for a second phase of drilling at Long Lake is already underway."
beebusy
- 10 Feb 2011 08:59
- 24 of 86
ok gibby ive bought in, just off to pick myself up a mule and stetson!!
Balerboy
- 10 Feb 2011 14:19
- 25 of 86
mrsi has constantly stated sinse 17 Jan how this is "looking bullish" about to rise ect, seems to me sp has it's own agenda......to fall.
gibby - 10 Feb 2011 20:40 - 26 of 86
bb - well done dude - p.s. i have a spare shovel if you need it!! i
baler - it will come good - gonna post an article in a minute - good read imo
baler - it will come good - gonna post an article in a minute - good read imo
gibby - 10 Feb 2011 20:44 - 27 of 86
If you have a spare minute, a glass of wine (several bottles for our friend tabasco i tink :-) ) and a hot mince pie to hand then have a read. Not suggesting anything here only trying to provide the other (possible) side of the coin. Read, digest or excreet as you see fit.
TDT
In every profession, there are probably a dozen or two major rules. Knowing them cold is what separates the professional from the amateur. Not knowing them at all? Well, let's put it this way: How safe would you feel if you suddenly found yourself piloting (solo) a Boeing 747 as it were landing on an airstrip?
Unless you are a professional pilot, you would probably be frightened out of your wits and would soil your underwear. Hold that thought as you read this essay because I will explain to you how market manipulation works. What the professionals and the securities regulators know and understand, which the rest of us may not, is this.
"RULE NUMBER ONE: ALL SHARP PRICE MOVEMENTS -- WHETHER UP OR DOWN -- ARE THE RESULT OF ONE OR MORE (USUALLY A GROUP OF) PROFESSIONALS MANIPULATING THE SHARE PRICE."
This should explain why a mining company finds something good and "nothing happens" or the stock goes down. At the same time, for NO apparent reason, a stock suddenly takes off for the sky! On little volume! Someone is manipulating that stock, often with an unfounded rumour. In order to make these market manipulations work, the professionals assume: (a) The Public is STUPID and (b) The Public will mainly buy at the HIGH and (c) The Public will sell at the LOW.
Therefore, as long as the market manipulator can run crowd control, he can be successful. Let's face it: The reason you speculate in such markets is that you are greedy AND optimistic. You believe in a better tomorrow and NEED to make money quickly. It is this sentiment which is exploited by the market manipulator. He controls YOUR greed and fear about a particular stock. If he wants you to buy, the company's prospects look like the next Microsoft. If the manipulator wants you to desert the sinking ship, he suddenly becomes very guarded in his remarks about the company, isn't around to glowingly answer questions about the company and/or GETS issued very bad news about the company. Which brings us to the next important rule.
"RULE NUMBER TWO: IF THE MARKET MANIPULATOR WANTS TO DISTRIBUTE (DUMP) HIS SHARES, HE WILL START A GOOD NEWS PROMOTIONAL CAMPAIGN."
Ever wonder why a particular company is made to look like the greatest thing since sliced bread? That sentiment is manufactured. Newsletter writers are hired -- either secretly or not -- to cheerlead a stock. PR firms are hired and let loose upon an unsuspecting public. Contracts to appear on radio talk shows are signed and implemented. Stockbrokers get "cheap" stock to recommend the company to their "book" (that means YOU, the client in his book).
An advertising campaign is rolled out (television ads, newspaper ads, card deck mailings). The company signs up to exhibit at "investment conferences" and "gold shows" mainly so they can get a little "podium time" to hype you on their stock and tell you how "their company is really different" and "not a stock promotion.") Funny little "hype" messages are posted on Internet newsgroups by the same cast of usual suspects. The more, the merrier. And a little "juice" can go a long way toward running up the stock price.
The HYPE is on. The more clever a stock promoter, the better his knowledge of the advertising business. Little gimmicks like "positioning" are used. Example: Make a completely unknown company look warm and fuzzy and appealing to you by comparing it to a recent success story, Diamond Fields or Bre-X Minerals. That is the POSITIONING gospel, authored by Ries and Trout (famous for "Avis: We Want To Be #1" and "We Try Harder" and other such slogans). These advertising/PR executives must have stumbled onto this formula after losing their shirts speculating in a few Canadian stock promotions! The only reason you have been invited to this seemingly incredible banquet is that YOU are the main course. After the market manipulator has suckered you into "his investment," exchanging HIS paper for YOUR cash, the walls begin to close in on you. Why is that?
"RULE NUMBER THREE: AS SOON AS THE MARKET MANIPULATOR HAS COMPLETED HIS DISTRIBUTION (DUMPING) OF SHARES, HE WILL START A BAD NEWS OR NO NEWS CAMPAIGN."
Your favourite home-run stock has just stalled or retreated a bit from its high. Suddenly, there is a news VACUUM. Either NO news or BAD rumours. I discovered this with quite a few stocks. I would get LOADS of information and "hot tips." All of a sudden, my pipeline was shut-off. Some companies would even issue a news release CONDEMNING me ("We don't need 'that kind of hype' referring to me!). Cute, huh? When the company wanted fantastic hype circulated hither and yon, there would be someone there to spoon-feed me. The second the distribution phase was DONE....ooops! Sorry, no more news. Or, "I'm sorry. He's not in the office." Or, "He won't be back until Monday."
The really slick market manipulators would even seed the Internet news groups or other journalists to plant negative stories about that company. Or start a propaganda campaign of negative rumours on all available communication vehicles. Even hiring a "contrarian" or "special PR firm" to drive down the price.
Even hiring someone to attack the guy who had earlier written glowingly about the company. (This is not a game for the faint-hearted!)
You'll also see the stock drifting endlessly. You may even experience a helpless feeling, as if you were floating in outer space without a lifeline. That is exactly HOW the market manipulator wants you to feel.
See Rule Number Five below. He may also be doing this to avoid the severe disappointment of a "dry hole" or a "failed deal." You'll hear that oft-cried refrain, "Oh well, that's the junior minerals exploration business... very risky!" Or the oft-quoted statistic, "Nine out of 10 businesses fail each year and this IS a Venture Capital Start-up stock exchange." Don't think it wasn't contrived. If a geologist at a junior mining company wasn't optimistic and rosy in his promise of exploration success, he would be replaced by someone who was! Ditto for the high-tech deal, in a world awash with PhD's.
So, how do you know when you are being taken? Look again at Rule #1. Inside that rule, a few other rules unfold which explain how a stock price is manipulated.
"RULE NUMBER FOUR: ANY STOCK THAT TRADES HUGE VOLUME AT HIGHER PRICES SIGNALS THE DISTRIBUTION PHASE."
When there was less volume, the price was lower. Professionals were accumulating. After the price runs, the volume increases. The professionals bought low and sold high. The amateurs bought high (and will soon enough sell low). In older books about market manipulation and stock promotion, which I've recently studied, the mark-up price referred to THREE times higher than the floor. The floor is the launchpad for the stock. For example, if one looks at the stock price and finds a steady flat-line on the stock's chart of around 10 cents, then that range is the FLOOR.
Basically, the mark-up phase can go as high as the market manipulator is capable of taking it. From my observations, a good mark-up should be able to run about five to ten times higher than the floor, with six to seven being common. The market manipulator will do everything in his power to keep you OUT OF THE STOCK until the share price has been marked up by at least two-three times, sometimes resorting to "shaking you out" until after he has accumulated enough shares. Once the mark-up has begun, the stock chart will show you one or more spikes in the volume -- all at much higher prices (marked up by the manipulator, of course). That is DISTRIBUTION and nothing else.
Example: Look at Software Control Systems (Alberta:XVN), in which I purchased shares after it had been marked up five times. There were eight days of 500,000 (plus) shares trading hands, with one day of 750,000 shares trading hands. Market manipulator(s) dumping shares into the volume at higher prices.
WHENEVER you see HUGE volume after the stock has risen on a 75 degree angle, the distribution phase has started and you are likely to be buying in -- at or near the stock's peak price.
Example: Look at Diamond Fields (TSEFR), which never increased at a 75 degree angle and did not have abnormal volume spikes, yet in less than two years ran from C$4 to C$160/share. Example: Look at Bre-X Minerals (Alberta:BXM), which did not experience its first 75 degree angle, with huge volume until July 14th, 1995. The next two trading days, BXM went down and stayed around C$12/share for two weeks. The volume had been 60% higher nearly a month earlier, with only a slight price increase. Each high volume and spectacular increase in BXM's share price was met with a price retreat and levelling off. "Suddenly," BXM wasn't trading at C$2/share; it was at C$170/share.... up 8500% in less than a year!
In both of the above cases, major Canadian newspapers ran extremely negative stories about both companies, at one time or another. In each instance, just before another share price run up, retail investors fled the stock! Just before both began yet another run up! Successful short-term speculators generally exit any stock run up when the volume soars; amateurs get greedy and buy at those points.
"RULE NUMBER FIVE: THE MARKET MANIPULATOR WILL ALWAYS TRY TO GET YOU TO BUY AT THE HIGHEST, AND SELL AT THE LOWEST PRICE POSSIBLE."
Just as the manipulator will use every available means to invite you to "the party," he will savagely and brutally drive you away from "his stock" when he has fleeced you. The first falsehood you assume is that the stock promoter WANTS you to make a bundle by investing in his company. So begins a string of lies that run for as long as your stomach can take it.
You will get the first clue that "you have been had" when the stock stalls at the higher level. Somehow, it ran out of steam and you are not sure why. Well, it ran out of steam because the market manipulator stopped running it up. It's over inflated and he can't convince more people to buy. The volume dries up while the share price seems to stall. LOOK AT THE TRADING VOLUME, NOT THE SHARE PRICE! When earlier, there may have been 500,000 shares trading each day for eight out of 12 trading days (as in the case of Software Control Systems), now the volume has slipped to 100,000 shares (or so) daily. There are some buyers there, enough for the manipulator to continue dumping his paper, but only so long as he can enlist one or more individuals/services to bang his drum.
He may continue feeding the promo guys a string of "promises" and "good news down the road."
(Believe me, this HAS happened to me!) But, when the news finally arrives, the stock price goes THUD! This is entirely orchestrated.
"RULE NUMBER SIX: IF THIS IS A REAL DEAL, THEN YOU ARE LIKELY TO BE THE LAST PERSON TO BE NOTIFIED OR WILL BE DRIVEN OUT AT THE LOWER PRICES."
Like Jesse Livermore wrote, "If there's some easy money lying around, no one is going to force it into your pocket." The same concept can be more clearly understood by watching the tape. When a market manipulator wants you into his stock, you will hear LOUD noises of stock promotion and hype. If you are "in the loop," you will be bombarded from many directions. Similarly, if he wants you out of the stock, then there will be orchestrated rumours being circulated, rapid-fired at you again from many directions. Just as good news may come to you in waves, so will bad news.
You will see evidence of a VERY sharp drop in the share price with HUGE volume. That is you and your buddies running for the exits. If the deal is really for real, the market manipulator wants to get ALL OF YOUR SHARES or as many as he can... and at the lowest price he can. Whereas before, he wanted you IN his market, so he could dump his shares to you at a higher price, NOW when he sees that this deal IS for real, he wants to pay as little as possible for those same shares... YOUR shares which he wants to you part with, as quickly as possible.
The market manipulator will shake you out by DRIVING the price as low as he can. Just as in the "accumulation" stage, he wants to keep everything as quiet as possible so he can snap up as many of the shares for himself, he will NOW turn down, or even turn off, the volume so he can repeat the accumulation phase.
In the mining business, there seems to always be other "area play" around the corner. Just as Voisey's Bay drifted into oblivion, during the fourth quarter of 1995 and early into 1996, the same Voisey Bay "wannabees" began striking deals in Indonesia. Some even used new corporate entities. Same crooks, different shingles. The accumulation phase was TOP SECRET. The noise level was deadingly silent. As soon as the insiders accumulated all their shares, they let YOU in on the secret.
"RULE NUMBER SEVEN: CONVERSELY, YOU WILL OFTEN BE THE LAST TO KNOW WHEN THIS DEAL SHOWS SIGNS OF FAILURE."
Twenty-twenty hindsight will often show you that there was a "little stumble" in the share price, just as the "assays were delayed" or the "deal didn't go through." Manipulators were peeling off their paper to START the downslide. And ACCELERATE it. The quick slide down makes it improbable for your getting out at more than what you originally paid for the stock... and gives you a better reason for holding onto it "a little longer" in case the price rebounds. Then, the drifting stage begins and fear takes over. And unless you have serves of steel and can afford to wait out the manipulator, you will more than likely end up selling out at a cheap price.
For the insider, market-maker or underwriter is obliged to buy back all of your paper in order to keep his company alive and maintain control of it. The less he has to pay for your paper, the lower his cost will be to commence his stock promotion again... at some future date. Even if his company has no prospects AT ALL, his "shell" of a company has some value (only in that others might want to use that structure so they can run their own stock promotion). So, the manipulator WILL buy back his paper. He just wants to make sure that he pays as little for those shares as possible.
"RULE NUMBER EIGHT: THE MARKET MANIPULATOR WILL COMPEL YOU INTO THE STOCK SO THAT YOU DRIVE UP ITS PRICE SHARES."
Placing a Market Order or Pre-Market Order is an amateur's mistake, typifying the US investor -- one who assumes that thinly traded issues are the same as blue chip stocks, to which they are accustomed. A market manipulator (traders included here) can jack up the share price during your market order and bring you back a confirmation at some preposterous level. The Market Manipulator will use the "tape" against you. He will keep buying up his own paper to keep you reaching for a higher price. He will get in line ahead of you to buy all the shares at the current price and force you to pay MORE for those shares. He will tease you and MAKE you reach for the higher price so you "won't miss out." Miss out on what? Getting your head chopped off, that's what!
One can avoid market manipulation by not buying during the huge price spikes and abnormal trading volumes, also known as chasing the stock to a higher price.
"RULE NUMBER NINE: THE MARKET MANIPULATOR IS WELL AWARE OF THE EMOTIONS YOU ARE EXPERIENCING DURING A RUN UP AND A COLLAPSE AND WILL PLAY YOUR EMOTIONS LIKE A PIANO."
During the run up, you WILL have a rush of greed which compels you to run into the stock. During the collapse, you WILL have a fear that you will lose everything... so you will rush to exit. See how simple it is and how clear a bell it strikes? Don't think this formula isn't tattooed inside the mind of every manipulator. The market manipulator will play you on the way up and play you on the way down. If he does it very well, he will make it look like someone else's fault that you lost money! Promise to fill up your wallet? You'll rush into the stock. Scare you into losing every penny you have in that stock? You'll run away screaming with horror! And vow to NEVER, ever speculate in such stocks again. But many of you still do.... The manipulator even knows how to bring you back for yet another play.
What actors! No wonder Vancouver is sometimes called "Hollywood North."
"FINAL RULE: A NEW BATCH OF SUCKERS ARE BORN WITH EVERY NEW PLAY."
The Financial Markets are a Cruel, Unkind and Dangerous Playing Field, one place where the newest amateurs are generally fleeced the most brutally.... usually by those who KNOW the above rules. Just as I have a duty to ensure that each of you understand how this game is played, YOU now have that same duty to guarantee that your fellow speculator understands these rules. Just as I would be a criminal for not making this data known to you, YOU would be just as criminal to keep it a secret. There will always be an unsuspecting, trusting fool whom the rabid dogs will tear to shreds, but it does NOT have to be this way.
IF every subscriber made this essay broadly known to his friends, acquaintances and family, and they passed it on to their friends, word of mouth could cause many of these market manipulators to pause. IF this effort were done strenuously by many, then perhaps the financial markets could weed out the crooked manipulators and the promoters could bring us more legitimate plays.
The stock markets are a financing tool. The companies BORROW money from you, when you invest or speculate in their companies. They want their share price going higher so they can finance their deal with less dilution of their shares... if they are good guys. But, how would you feel about a friend or family member who kept borrowing money from you and never repaid it? That would be theft, plain and simple.
So, a market manipulator is STEALING your money
TDT
In every profession, there are probably a dozen or two major rules. Knowing them cold is what separates the professional from the amateur. Not knowing them at all? Well, let's put it this way: How safe would you feel if you suddenly found yourself piloting (solo) a Boeing 747 as it were landing on an airstrip?
Unless you are a professional pilot, you would probably be frightened out of your wits and would soil your underwear. Hold that thought as you read this essay because I will explain to you how market manipulation works. What the professionals and the securities regulators know and understand, which the rest of us may not, is this.
"RULE NUMBER ONE: ALL SHARP PRICE MOVEMENTS -- WHETHER UP OR DOWN -- ARE THE RESULT OF ONE OR MORE (USUALLY A GROUP OF) PROFESSIONALS MANIPULATING THE SHARE PRICE."
This should explain why a mining company finds something good and "nothing happens" or the stock goes down. At the same time, for NO apparent reason, a stock suddenly takes off for the sky! On little volume! Someone is manipulating that stock, often with an unfounded rumour. In order to make these market manipulations work, the professionals assume: (a) The Public is STUPID and (b) The Public will mainly buy at the HIGH and (c) The Public will sell at the LOW.
Therefore, as long as the market manipulator can run crowd control, he can be successful. Let's face it: The reason you speculate in such markets is that you are greedy AND optimistic. You believe in a better tomorrow and NEED to make money quickly. It is this sentiment which is exploited by the market manipulator. He controls YOUR greed and fear about a particular stock. If he wants you to buy, the company's prospects look like the next Microsoft. If the manipulator wants you to desert the sinking ship, he suddenly becomes very guarded in his remarks about the company, isn't around to glowingly answer questions about the company and/or GETS issued very bad news about the company. Which brings us to the next important rule.
"RULE NUMBER TWO: IF THE MARKET MANIPULATOR WANTS TO DISTRIBUTE (DUMP) HIS SHARES, HE WILL START A GOOD NEWS PROMOTIONAL CAMPAIGN."
Ever wonder why a particular company is made to look like the greatest thing since sliced bread? That sentiment is manufactured. Newsletter writers are hired -- either secretly or not -- to cheerlead a stock. PR firms are hired and let loose upon an unsuspecting public. Contracts to appear on radio talk shows are signed and implemented. Stockbrokers get "cheap" stock to recommend the company to their "book" (that means YOU, the client in his book).
An advertising campaign is rolled out (television ads, newspaper ads, card deck mailings). The company signs up to exhibit at "investment conferences" and "gold shows" mainly so they can get a little "podium time" to hype you on their stock and tell you how "their company is really different" and "not a stock promotion.") Funny little "hype" messages are posted on Internet newsgroups by the same cast of usual suspects. The more, the merrier. And a little "juice" can go a long way toward running up the stock price.
The HYPE is on. The more clever a stock promoter, the better his knowledge of the advertising business. Little gimmicks like "positioning" are used. Example: Make a completely unknown company look warm and fuzzy and appealing to you by comparing it to a recent success story, Diamond Fields or Bre-X Minerals. That is the POSITIONING gospel, authored by Ries and Trout (famous for "Avis: We Want To Be #1" and "We Try Harder" and other such slogans). These advertising/PR executives must have stumbled onto this formula after losing their shirts speculating in a few Canadian stock promotions! The only reason you have been invited to this seemingly incredible banquet is that YOU are the main course. After the market manipulator has suckered you into "his investment," exchanging HIS paper for YOUR cash, the walls begin to close in on you. Why is that?
"RULE NUMBER THREE: AS SOON AS THE MARKET MANIPULATOR HAS COMPLETED HIS DISTRIBUTION (DUMPING) OF SHARES, HE WILL START A BAD NEWS OR NO NEWS CAMPAIGN."
Your favourite home-run stock has just stalled or retreated a bit from its high. Suddenly, there is a news VACUUM. Either NO news or BAD rumours. I discovered this with quite a few stocks. I would get LOADS of information and "hot tips." All of a sudden, my pipeline was shut-off. Some companies would even issue a news release CONDEMNING me ("We don't need 'that kind of hype' referring to me!). Cute, huh? When the company wanted fantastic hype circulated hither and yon, there would be someone there to spoon-feed me. The second the distribution phase was DONE....ooops! Sorry, no more news. Or, "I'm sorry. He's not in the office." Or, "He won't be back until Monday."
The really slick market manipulators would even seed the Internet news groups or other journalists to plant negative stories about that company. Or start a propaganda campaign of negative rumours on all available communication vehicles. Even hiring a "contrarian" or "special PR firm" to drive down the price.
Even hiring someone to attack the guy who had earlier written glowingly about the company. (This is not a game for the faint-hearted!)
You'll also see the stock drifting endlessly. You may even experience a helpless feeling, as if you were floating in outer space without a lifeline. That is exactly HOW the market manipulator wants you to feel.
See Rule Number Five below. He may also be doing this to avoid the severe disappointment of a "dry hole" or a "failed deal." You'll hear that oft-cried refrain, "Oh well, that's the junior minerals exploration business... very risky!" Or the oft-quoted statistic, "Nine out of 10 businesses fail each year and this IS a Venture Capital Start-up stock exchange." Don't think it wasn't contrived. If a geologist at a junior mining company wasn't optimistic and rosy in his promise of exploration success, he would be replaced by someone who was! Ditto for the high-tech deal, in a world awash with PhD's.
So, how do you know when you are being taken? Look again at Rule #1. Inside that rule, a few other rules unfold which explain how a stock price is manipulated.
"RULE NUMBER FOUR: ANY STOCK THAT TRADES HUGE VOLUME AT HIGHER PRICES SIGNALS THE DISTRIBUTION PHASE."
When there was less volume, the price was lower. Professionals were accumulating. After the price runs, the volume increases. The professionals bought low and sold high. The amateurs bought high (and will soon enough sell low). In older books about market manipulation and stock promotion, which I've recently studied, the mark-up price referred to THREE times higher than the floor. The floor is the launchpad for the stock. For example, if one looks at the stock price and finds a steady flat-line on the stock's chart of around 10 cents, then that range is the FLOOR.
Basically, the mark-up phase can go as high as the market manipulator is capable of taking it. From my observations, a good mark-up should be able to run about five to ten times higher than the floor, with six to seven being common. The market manipulator will do everything in his power to keep you OUT OF THE STOCK until the share price has been marked up by at least two-three times, sometimes resorting to "shaking you out" until after he has accumulated enough shares. Once the mark-up has begun, the stock chart will show you one or more spikes in the volume -- all at much higher prices (marked up by the manipulator, of course). That is DISTRIBUTION and nothing else.
Example: Look at Software Control Systems (Alberta:XVN), in which I purchased shares after it had been marked up five times. There were eight days of 500,000 (plus) shares trading hands, with one day of 750,000 shares trading hands. Market manipulator(s) dumping shares into the volume at higher prices.
WHENEVER you see HUGE volume after the stock has risen on a 75 degree angle, the distribution phase has started and you are likely to be buying in -- at or near the stock's peak price.
Example: Look at Diamond Fields (TSEFR), which never increased at a 75 degree angle and did not have abnormal volume spikes, yet in less than two years ran from C$4 to C$160/share. Example: Look at Bre-X Minerals (Alberta:BXM), which did not experience its first 75 degree angle, with huge volume until July 14th, 1995. The next two trading days, BXM went down and stayed around C$12/share for two weeks. The volume had been 60% higher nearly a month earlier, with only a slight price increase. Each high volume and spectacular increase in BXM's share price was met with a price retreat and levelling off. "Suddenly," BXM wasn't trading at C$2/share; it was at C$170/share.... up 8500% in less than a year!
In both of the above cases, major Canadian newspapers ran extremely negative stories about both companies, at one time or another. In each instance, just before another share price run up, retail investors fled the stock! Just before both began yet another run up! Successful short-term speculators generally exit any stock run up when the volume soars; amateurs get greedy and buy at those points.
"RULE NUMBER FIVE: THE MARKET MANIPULATOR WILL ALWAYS TRY TO GET YOU TO BUY AT THE HIGHEST, AND SELL AT THE LOWEST PRICE POSSIBLE."
Just as the manipulator will use every available means to invite you to "the party," he will savagely and brutally drive you away from "his stock" when he has fleeced you. The first falsehood you assume is that the stock promoter WANTS you to make a bundle by investing in his company. So begins a string of lies that run for as long as your stomach can take it.
You will get the first clue that "you have been had" when the stock stalls at the higher level. Somehow, it ran out of steam and you are not sure why. Well, it ran out of steam because the market manipulator stopped running it up. It's over inflated and he can't convince more people to buy. The volume dries up while the share price seems to stall. LOOK AT THE TRADING VOLUME, NOT THE SHARE PRICE! When earlier, there may have been 500,000 shares trading each day for eight out of 12 trading days (as in the case of Software Control Systems), now the volume has slipped to 100,000 shares (or so) daily. There are some buyers there, enough for the manipulator to continue dumping his paper, but only so long as he can enlist one or more individuals/services to bang his drum.
He may continue feeding the promo guys a string of "promises" and "good news down the road."
(Believe me, this HAS happened to me!) But, when the news finally arrives, the stock price goes THUD! This is entirely orchestrated.
"RULE NUMBER SIX: IF THIS IS A REAL DEAL, THEN YOU ARE LIKELY TO BE THE LAST PERSON TO BE NOTIFIED OR WILL BE DRIVEN OUT AT THE LOWER PRICES."
Like Jesse Livermore wrote, "If there's some easy money lying around, no one is going to force it into your pocket." The same concept can be more clearly understood by watching the tape. When a market manipulator wants you into his stock, you will hear LOUD noises of stock promotion and hype. If you are "in the loop," you will be bombarded from many directions. Similarly, if he wants you out of the stock, then there will be orchestrated rumours being circulated, rapid-fired at you again from many directions. Just as good news may come to you in waves, so will bad news.
You will see evidence of a VERY sharp drop in the share price with HUGE volume. That is you and your buddies running for the exits. If the deal is really for real, the market manipulator wants to get ALL OF YOUR SHARES or as many as he can... and at the lowest price he can. Whereas before, he wanted you IN his market, so he could dump his shares to you at a higher price, NOW when he sees that this deal IS for real, he wants to pay as little as possible for those same shares... YOUR shares which he wants to you part with, as quickly as possible.
The market manipulator will shake you out by DRIVING the price as low as he can. Just as in the "accumulation" stage, he wants to keep everything as quiet as possible so he can snap up as many of the shares for himself, he will NOW turn down, or even turn off, the volume so he can repeat the accumulation phase.
In the mining business, there seems to always be other "area play" around the corner. Just as Voisey's Bay drifted into oblivion, during the fourth quarter of 1995 and early into 1996, the same Voisey Bay "wannabees" began striking deals in Indonesia. Some even used new corporate entities. Same crooks, different shingles. The accumulation phase was TOP SECRET. The noise level was deadingly silent. As soon as the insiders accumulated all their shares, they let YOU in on the secret.
"RULE NUMBER SEVEN: CONVERSELY, YOU WILL OFTEN BE THE LAST TO KNOW WHEN THIS DEAL SHOWS SIGNS OF FAILURE."
Twenty-twenty hindsight will often show you that there was a "little stumble" in the share price, just as the "assays were delayed" or the "deal didn't go through." Manipulators were peeling off their paper to START the downslide. And ACCELERATE it. The quick slide down makes it improbable for your getting out at more than what you originally paid for the stock... and gives you a better reason for holding onto it "a little longer" in case the price rebounds. Then, the drifting stage begins and fear takes over. And unless you have serves of steel and can afford to wait out the manipulator, you will more than likely end up selling out at a cheap price.
For the insider, market-maker or underwriter is obliged to buy back all of your paper in order to keep his company alive and maintain control of it. The less he has to pay for your paper, the lower his cost will be to commence his stock promotion again... at some future date. Even if his company has no prospects AT ALL, his "shell" of a company has some value (only in that others might want to use that structure so they can run their own stock promotion). So, the manipulator WILL buy back his paper. He just wants to make sure that he pays as little for those shares as possible.
"RULE NUMBER EIGHT: THE MARKET MANIPULATOR WILL COMPEL YOU INTO THE STOCK SO THAT YOU DRIVE UP ITS PRICE SHARES."
Placing a Market Order or Pre-Market Order is an amateur's mistake, typifying the US investor -- one who assumes that thinly traded issues are the same as blue chip stocks, to which they are accustomed. A market manipulator (traders included here) can jack up the share price during your market order and bring you back a confirmation at some preposterous level. The Market Manipulator will use the "tape" against you. He will keep buying up his own paper to keep you reaching for a higher price. He will get in line ahead of you to buy all the shares at the current price and force you to pay MORE for those shares. He will tease you and MAKE you reach for the higher price so you "won't miss out." Miss out on what? Getting your head chopped off, that's what!
One can avoid market manipulation by not buying during the huge price spikes and abnormal trading volumes, also known as chasing the stock to a higher price.
"RULE NUMBER NINE: THE MARKET MANIPULATOR IS WELL AWARE OF THE EMOTIONS YOU ARE EXPERIENCING DURING A RUN UP AND A COLLAPSE AND WILL PLAY YOUR EMOTIONS LIKE A PIANO."
During the run up, you WILL have a rush of greed which compels you to run into the stock. During the collapse, you WILL have a fear that you will lose everything... so you will rush to exit. See how simple it is and how clear a bell it strikes? Don't think this formula isn't tattooed inside the mind of every manipulator. The market manipulator will play you on the way up and play you on the way down. If he does it very well, he will make it look like someone else's fault that you lost money! Promise to fill up your wallet? You'll rush into the stock. Scare you into losing every penny you have in that stock? You'll run away screaming with horror! And vow to NEVER, ever speculate in such stocks again. But many of you still do.... The manipulator even knows how to bring you back for yet another play.
What actors! No wonder Vancouver is sometimes called "Hollywood North."
"FINAL RULE: A NEW BATCH OF SUCKERS ARE BORN WITH EVERY NEW PLAY."
The Financial Markets are a Cruel, Unkind and Dangerous Playing Field, one place where the newest amateurs are generally fleeced the most brutally.... usually by those who KNOW the above rules. Just as I have a duty to ensure that each of you understand how this game is played, YOU now have that same duty to guarantee that your fellow speculator understands these rules. Just as I would be a criminal for not making this data known to you, YOU would be just as criminal to keep it a secret. There will always be an unsuspecting, trusting fool whom the rabid dogs will tear to shreds, but it does NOT have to be this way.
IF every subscriber made this essay broadly known to his friends, acquaintances and family, and they passed it on to their friends, word of mouth could cause many of these market manipulators to pause. IF this effort were done strenuously by many, then perhaps the financial markets could weed out the crooked manipulators and the promoters could bring us more legitimate plays.
The stock markets are a financing tool. The companies BORROW money from you, when you invest or speculate in their companies. They want their share price going higher so they can finance their deal with less dilution of their shares... if they are good guys. But, how would you feel about a friend or family member who kept borrowing money from you and never repaid it? That would be theft, plain and simple.
So, a market manipulator is STEALING your money
gibby - 10 Feb 2011 20:49 - 28 of 86
dont worry about sres - concentrate on the rns for now
plenty s to come here!!
rrl & rrr 2 of my other favourites were both less than sres is today - i was in rrr sub 3p, rrl sub 4p not long ago now look
on rrr there will be imo a steady news flow this year - good old andy bell and i am gonna call him end of year if it is not at least 50p - his own words 'i will be disappointed if rrr is not a 500M company by 2011' i am being generous because 500M for rrr as it stands i believe is around 70 to 80p!! lol kerrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnngggggggggggggggggggggggggggggggggggg
plenty s to come here!!
rrl & rrr 2 of my other favourites were both less than sres is today - i was in rrr sub 3p, rrl sub 4p not long ago now look
on rrr there will be imo a steady news flow this year - good old andy bell and i am gonna call him end of year if it is not at least 50p - his own words 'i will be disappointed if rrr is not a 500M company by 2011' i am being generous because 500M for rrr as it stands i believe is around 70 to 80p!! lol kerrrrrrrrrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnngggggggggggggggggggggggggggggggggggg
Balerboy
- 10 Feb 2011 21:00
- 29 of 86
ah gibby.....that explains all.........you were suckered in to this comp at the top of the sp and now your stuck in it. i'll wait and see how the ex perts get on...lol. you should act on your own article.
Balerboy
- 10 Feb 2011 21:05
- 30 of 86
Actually I think most of it is bollocks...if I traded like he suggests I would have lost the lot by now.,.
dealerdear - 10 Feb 2011 21:13 - 31 of 86
A good read gibby and certainly mostly true at the moment where there is even more greed and fear. I've certainly been 'conned' in the past (due to my own stupidity and ignorance) but generally speaking I now know when to enter a stock and when not to.
Temptation though is always being dangled in front of us and as this is not an exact science risk is always involved. For me, never being too overweight in any stock is vital with continual reference to the risk/reward factor.
Temptation though is always being dangled in front of us and as this is not an exact science risk is always involved. For me, never being too overweight in any stock is vital with continual reference to the risk/reward factor.
gibby - 10 Feb 2011 22:31 - 32 of 86
bb - lol - i knew i would get some stick from some - just passing this on - had to laff at your comment ref being stuck here lol - thankfully i did not get in at the top and feel sorry for anyone that did - and when sres reversed from the temporary high this morning bought some more - didnt get the lowest price but did ok - looking fwd to reaping the rewards here
i am not saying agree with the article - just take a look, either digest it or spit it out - its free - i think i can safely say you spat it out which is fine
i am not saying agree with the article - just take a look, either digest it or spit it out - its free - i think i can safely say you spat it out which is fine
gibby - 10 Feb 2011 22:35 - 33 of 86
dd - i thought it was worth a read and as i just said to bb you dont have to act on it - but i personally do not ignore it because in the past i have been caught up in the hype like you - in my case at the time i was too greedy - i would have a handsome profit on said share - would watch the s mount up then - bang - sharp reverse leaving worst case scenario sat on a loss! then of course have bought too high in the past - i agree with cynic when he says always bank a profit maybe not always but certainly dont leave it too long - in the case of sres imo a great buy in sp - as wb says and quite rightly - 'buy when others are too scared to'
have a good evening
have a good evening
beebusy
- 11 Feb 2011 09:13
- 34 of 86
we are all lemmings stampeding towards the cliff, but some are at the front others are bringing up the rear with one eye on the brakes !! being so cheerful keeps me going!! lol
gibby - 11 Feb 2011 17:58 - 35 of 86
lol bb!
Balerboy
- 11 Feb 2011 18:23
- 36 of 86
wouldn't want to be out of these over the weekend....;0))
gibby - 13 Feb 2011 21:04 - 37 of 86
balerboy - like your style dude! and correct!! :0))
cielo - 22 Feb 2011 11:45 - 38 of 86
KEEP an EYE @ 3.825p
After the retracement and pause of a few days, today is on the rise with volume buying
As the chart at MONEY AM are not working propperly some other ones for you
After the retracement and pause of a few days, today is on the rise with volume buying
As the chart at MONEY AM are not working propperly some other ones for you
gibby - 24 Feb 2011 07:31 - 39 of 86
cheers cielo &.................
yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa - more good news - excellent rns out so sp should tank!! lol lol lol maybe a bad rns will make the sp go up - lol lol
i would not wanna be out of sres right now :-;
kerrrrrrrrrrrrchinnnnnnnnnnnnnnngggggggggggggggarooooooooooooooooooooooo!!
http://www.investegate.co.uk/Article.aspx?id=201102240700087511B
Granted
RNS Number : 7511B
Sunrise Resources Plc
24 February 2011
24 February 2011
CUE DIAMOND PROJECT
EXPLORATION LICENCE GRANTED
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that its exploration licence application for the Cue Diamond Project, in Western Australia, has now been granted.
HIGHLIGHTS:
Exploration Licence 20/727 granted for an initial 5 year period.
Covers diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.
Three parallel kimberlite dykes at Soapy Well, up to 3m wide.
Multiple kimberlite targets at Fennels Well 2.5km along strike from Soapy Well.
The successful exploration licence application (ELA20/727) covers an area of approximately 70 square km and is located 70km to the north-west of the town of Cue in the Murchison Mineral Field in the Yilgarn Craton, Western Australia.
The Company will now initiate the usual Aboriginal heritage surveys and further drilling is being planned for the second quarter of the year, subject to the successful completion of the heritage surveys and drill rig availability. The objectives of the first drill programme will be to obtain samples from the known kimberlites, to evaluate their diamond content/characteristics, and to test kimberlite targets at Fennels Well and Soapy Well.
Patrick Cheetham, Executive Chairman of the Company, commented today: "De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries. A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."
yeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa - more good news - excellent rns out so sp should tank!! lol lol lol maybe a bad rns will make the sp go up - lol lol
i would not wanna be out of sres right now :-;
kerrrrrrrrrrrrchinnnnnnnnnnnnnnngggggggggggggggarooooooooooooooooooooooo!!
http://www.investegate.co.uk/Article.aspx?id=201102240700087511B
Granted
RNS Number : 7511B
Sunrise Resources Plc
24 February 2011
24 February 2011
CUE DIAMOND PROJECT
EXPLORATION LICENCE GRANTED
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that its exploration licence application for the Cue Diamond Project, in Western Australia, has now been granted.
HIGHLIGHTS:
Exploration Licence 20/727 granted for an initial 5 year period.
Covers diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.
Three parallel kimberlite dykes at Soapy Well, up to 3m wide.
Multiple kimberlite targets at Fennels Well 2.5km along strike from Soapy Well.
The successful exploration licence application (ELA20/727) covers an area of approximately 70 square km and is located 70km to the north-west of the town of Cue in the Murchison Mineral Field in the Yilgarn Craton, Western Australia.
The Company will now initiate the usual Aboriginal heritage surveys and further drilling is being planned for the second quarter of the year, subject to the successful completion of the heritage surveys and drill rig availability. The objectives of the first drill programme will be to obtain samples from the known kimberlites, to evaluate their diamond content/characteristics, and to test kimberlite targets at Fennels Well and Soapy Well.
Patrick Cheetham, Executive Chairman of the Company, commented today: "De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries. A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."
cielo - 24 Feb 2011 10:07 - 40 of 86
gibby
very good news for the shareholders, but once again your post is full of ......
spend some time on editing and post only the interesting
CUE DIAMOND PROJECT
EXPLORATION LICENCE GRANTED
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that its exploration licence application for the Cue Diamond Project, in Western Australia, has now been granted.
HIGHLIGHTS:
0 Exploration Licence 20/727 granted for an initial 5 year period.
0 Covers diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.
0 Three parallel kimberlite dykes at Soapy Well, up to 3m wide.
0 Multiple kimberlite targets at Fennels Well 2.5km along strike from Soapy Well.
The successful exploration licence application (ELA20/727) covers an area of approximately 70 square km and is located 70km to the north-west of the town of Cue in the Murchison Mineral Field in the Yilgarn Craton, Western Australia.
The Company will now initiate the usual Aboriginal heritage surveys and further drilling is being planned for the second quarter of the year, subject to the successful completion of the heritage surveys and drill rig availability. The objectives of the first drill programme will be to obtain samples from the known kimberlites, to evaluate their diamond content/characteristics, and to test kimberlite targets at Fennels Well and Soapy Well.
Patrick Cheetham, Executive Chairman of the Company, commented today: "De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries. A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."
very good news for the shareholders, but once again your post is full of ......
spend some time on editing and post only the interesting
CUE DIAMOND PROJECT
EXPLORATION LICENCE GRANTED
Sunrise Resources plc ("Sunrise" or "the Company"), the AIM-quoted diversified mineral exploration and development specialist, is pleased to announce that its exploration licence application for the Cue Diamond Project, in Western Australia, has now been granted.
HIGHLIGHTS:
0 Exploration Licence 20/727 granted for an initial 5 year period.
0 Covers diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.
0 Three parallel kimberlite dykes at Soapy Well, up to 3m wide.
0 Multiple kimberlite targets at Fennels Well 2.5km along strike from Soapy Well.
The successful exploration licence application (ELA20/727) covers an area of approximately 70 square km and is located 70km to the north-west of the town of Cue in the Murchison Mineral Field in the Yilgarn Craton, Western Australia.
The Company will now initiate the usual Aboriginal heritage surveys and further drilling is being planned for the second quarter of the year, subject to the successful completion of the heritage surveys and drill rig availability. The objectives of the first drill programme will be to obtain samples from the known kimberlites, to evaluate their diamond content/characteristics, and to test kimberlite targets at Fennels Well and Soapy Well.
Patrick Cheetham, Executive Chairman of the Company, commented today: "De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries. A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."
gibby - 24 Feb 2011 11:26 - 41 of 86
lol cielo - i've got to keep you on your toes with me posts!! yes good news mate - and sp flying as it should - way under valued right now
kerrrrrrrrrrrrrchinnnnnnnnnnnnggggggggggggggggg
again :-))
kerrrrrrrrrrrrrchinnnnnnnnnnnnggggggggggggggggg
again :-))
gibby - 24 Feb 2011 11:27 - 42 of 86
& the lunch time mob will be here shortly!!!
yeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
yeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
gibby - 24 Feb 2011 11:50 - 43 of 86
interesting buying here today - good stuff!
cielo - 24 Feb 2011 12:08 - 44 of 86
After the news the share price is very volatile, and every so often after a good rise some old imvestors are taking profits or closing positions.
Now is on the up again after reaching a 4.25p low from the 4.55p high earlier
Now is on the up again after reaching a 4.25p low from the 4.55p high earlier
cielo - 24 Feb 2011 12:11 - 45 of 86
------------------------- Intraday ----------------------------------------------------- 5 days ------------------------------
cielo - 24 Feb 2011 13:19 - 46 of 86
Retracement done
Good news today
Indicators rising from oversold
Volume buying to support the rise
Good news today
Indicators rising from oversold
Volume buying to support the rise
cielo - 24 Feb 2011 13:39 - 47 of 86
Buying continues pouring in and with that the share price rise
8.8 M traded now
8.8 M traded now
cielo - 24 Feb 2011 14:16 - 48 of 86
SRES - Proactive - 7:39 am by Jamie Ashcroft
Sunrise Resources prepare drill programme at Cue diamond project in Western Australia
The first drill programme will aim to sample known kimberlites, so that Sunrise can evaluate the diamond content and characteristics
Sunrise Resources (LON:SRES)
is following up its exploration success at its Canadian gold project with a drilling programme at the Cue diamond project in Western Australia.
This morning the company revealed that it has now been granted an initial 5 year exploration licence over the 70 square kilometre area on the Yilgarn Craton, Western Australia.
The Cue area was explored by De Beers between 1994 and 2001.
"De Beers found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries, chairman Patrick Cheetham said.
A number of targets were defined by De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."
The licence covers a number of diamond bearing kimberlite dykes at the Cue 1 and Soapy Well prospects.
Sunrise is now preparing the first drill program which will get underway in the second quarter of 2011, subject to the completion of the heritage surveys and drill rig availability.
The first drill programme will aim to sample known kimberlites, so that Sunrise can evaluate the diamond content and characteristics.
It will also drill un-tested kimberlite targets at Fennels Well and Soapy Well.
At the Soapy Well prospect there are three parallel kimberlite dykes and at Fennels Well - which is 2.5 kilometres along strike from Soapy Well - there are multiple kimberlite targets.
Sunrise shares have come quite a long way in a fairly short period of time - rising from around 0.5 pence in September to peak above 6 pence a share in January - largely driven by it progress at the Long Lake gold project in Ontario, Canada.
The shares are currently priced at about 3.5 pence a share.
Long Lake is situated in Ontario, near the famous Sudbury mining region. The site hosts a historic gold mine which produced 56,000 ounces of gold up until it was closed in 1939.
A drilling programme, which was completed in December 2010, showed that gold mineralisation extends near surface beyond the historic pit limits and confirms that mineralisation continues at depth below the mine workings - just as Sunrise predicted.
The company drilled in and around Long Lakes historic mine workings. The programme tested near-surface gold mineralisation beyond the historic pit.
It also tested the gold mineralisation adjacent to and below the historic mine workings, which reached a vertical depth of 55 metres.
The best results include 17 metres grading 2.9 grams per tonne gold, as well as 2.3 metres grading 16.1 grams per tonne gold within a 35 metre thick interval grading 2 grams per tonne gold.
The highest grades reached 55 grams per tonne gold, albeit over narrow intervals.
Importantly the deepest hole in the programme has confirmed the continuation of the gold mineralisation at depth, also as predicted.
These results were further boosted by positive geophysical results earlier this month.
Crucially these results backed up the findings of the drill programme and it also revealed several other anomalies that warrant further exploration.
http://www.proactiveinvestors.co.uk/companies/news/25835/sunrise-resources-prepare-drill-programme-at-cue-diamond-project-in-western-australia-25835.html
cielo - 24 Feb 2011 15:46 - 49 of 86
more from other sources - GROWTH COMPANY ........
Sunrise wins Australian gem licence
24/02/2011 Robert Tyerman
Mineral explorer Sunrise Resources (SRES) has obtained a licence to explore the Cue diamond prospect in Western Australia. The company, a 2005 spin-off from chairman Patrick Cheetham's Tertiary Minerals, says it plans to start drilling in the 70 sq km licence area in Western Australia's Yilgarn Craton in the second quarter of the year, having set in train the requisite surveys for Aboriginal heritage sites.
Cheetham points out that gem giant De Beers found diamond-bearing kimberlite in two separate areas on the Cue licence between 1994 and 2001 and defined several targets before deciding to pull out of Australian exploration altogether. He says these targets need to be drill tested, adding De Beers considered the area had 'excellent potential'.
Since its spin-off from Tertiary, a tantalum-to-fluorspar hopeful whose own fortunes have been decidedly mixed, Sunrise has found kimberlite diamond deposits in Finland. The company is also seeking to revive production of barite (used for paint) at Derryginagh in Ireland and has an option on the Long Lake gold, nickel, copper and platinum group metals project in Ontario.
Floated at 2p six years ago, Sunrise shares collapsed to a 0.45p low during the past year. They have rebounded to 4.33p, up 0.78p this morning, where they value the company at 13.4 million and offer speculative prospects for the strong-nerved.
Sunrise wins Australian gem licence
24/02/2011 Robert Tyerman
Mineral explorer Sunrise Resources (SRES) has obtained a licence to explore the Cue diamond prospect in Western Australia. The company, a 2005 spin-off from chairman Patrick Cheetham's Tertiary Minerals, says it plans to start drilling in the 70 sq km licence area in Western Australia's Yilgarn Craton in the second quarter of the year, having set in train the requisite surveys for Aboriginal heritage sites.
Cheetham points out that gem giant De Beers found diamond-bearing kimberlite in two separate areas on the Cue licence between 1994 and 2001 and defined several targets before deciding to pull out of Australian exploration altogether. He says these targets need to be drill tested, adding De Beers considered the area had 'excellent potential'.
Since its spin-off from Tertiary, a tantalum-to-fluorspar hopeful whose own fortunes have been decidedly mixed, Sunrise has found kimberlite diamond deposits in Finland. The company is also seeking to revive production of barite (used for paint) at Derryginagh in Ireland and has an option on the Long Lake gold, nickel, copper and platinum group metals project in Ontario.
Floated at 2p six years ago, Sunrise shares collapsed to a 0.45p low during the past year. They have rebounded to 4.33p, up 0.78p this morning, where they value the company at 13.4 million and offer speculative prospects for the strong-nerved.
hangon - 24 Feb 2011 16:01 - 50 of 86
Today Sells appear to outnumber Buys, so I suspect this is linked to the Warrant take-up, with those shares appearing on AIM later this month.
Cielo, can you say why the sp collapsed during 2010 - wasn't a particularly bad time for miners, was it?
That De Beers drilled there in 1994 to 2001 rather tells you they didn't think it worth continuing. Sunrise could be "lucky" but I'd be surprised if it's a big find and diamonds are part of the "feel-good" industry - and - frankly I doubt many will feel good too soon.
On a +ve note; they aren't in Egypt.
Cielo, can you say why the sp collapsed during 2010 - wasn't a particularly bad time for miners, was it?
That De Beers drilled there in 1994 to 2001 rather tells you they didn't think it worth continuing. Sunrise could be "lucky" but I'd be surprised if it's a big find and diamonds are part of the "feel-good" industry - and - frankly I doubt many will feel good too soon.
On a +ve note; they aren't in Egypt.
cielo - 24 Feb 2011 16:12 - 51 of 86
hangon
I can not see the collapse of the share price during 2010, well money am only give 1 year though I put 2 years, so I added anothe one, but still can not see
---------------------------------1 YEAR chart ------------------------------------- 2 YEARS -----------------------
I can not see the collapse of the share price during 2010, well money am only give 1 year though I put 2 years, so I added anothe one, but still can not see
---------------------------------1 YEAR chart ------------------------------------- 2 YEARS -----------------------
gibby - 24 Feb 2011 21:13 - 52 of 86
hangon - since de beers were there the technology has vastly improved making is even more commercial and the prices of rems have soared - bet de beers wish they could buy back now lol - they can have my shares for 50p each lol lol! :-;
gibby - 24 Feb 2011 21:14 - 53 of 86
& kerrrrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnnngggggggggggggggggggaroooooooooooooooooooooooo!!
gibby - 24 Feb 2011 21:15 - 54 of 86
cielo - good charts - cheers
cielo - 24 Feb 2011 21:42 - 55 of 86
Northland Capitals head of research David Johnson commented on Sunrise Resources
(LON:SRES) after it was granted an exploration permit for the Cue diamond project in Australia which was last explored by De Beers more than 10 years ago.
Johnson said: the historic De Beers programme makes this more brownfield than greenfield exploration.
(Cue) now comes into the reckoning as an area of diversification to add to the encouraging start to Long Lake Gold attributable for the majority of the companys market valuation and the emerging Derryginagh barite project.
In many ways the Cue project is coming to the fore at an opportune time. Indeed Johnson is forecasting a re-emergence of the diamond sector. He highlights the market is currently buoyed by positive noises on diamond prices - that are typically determined by private auctions or valuations - among companies operating in the sector.
Sunrise shares advanced more than 20 percent in response to the news.
(LON:SRES) after it was granted an exploration permit for the Cue diamond project in Australia which was last explored by De Beers more than 10 years ago.
Johnson said: the historic De Beers programme makes this more brownfield than greenfield exploration.
(Cue) now comes into the reckoning as an area of diversification to add to the encouraging start to Long Lake Gold attributable for the majority of the companys market valuation and the emerging Derryginagh barite project.
In many ways the Cue project is coming to the fore at an opportune time. Indeed Johnson is forecasting a re-emergence of the diamond sector. He highlights the market is currently buoyed by positive noises on diamond prices - that are typically determined by private auctions or valuations - among companies operating in the sector.
Sunrise shares advanced more than 20 percent in response to the news.
cielo - 24 Feb 2011 22:00 - 56 of 86
Sunrise Resources soars on licence grant
Thu, 24/02/2011 - 12:34 | Esther Armstrong
AIM-listed Sunrise Resources (SRES) saw its shares soar 25% on Thursday on news that its had been granted an exploration licence for the Cue Diamond Project in Western Australia.
The mineral exploration and development specialist said the licence had been granted for an initial five-year period and covered diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.
It covers an area of approximately 70 square kilometres and is located 70km north-west of the town of Cue in Western Australia.
The firm said it will now initiate the usual Aboriginal heritage surveys and plans further drilling for the second quarter of 2011.
In the first drill programme, the objective will be to obtain samples from the known kimberlites and evaluate their diamond content and characteristics.
Patrick Cheetham, executive chairman of the company, said: "De Beers (the luxury jeweller) found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries.
"A number of targets were defined by the De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."
Thu, 24/02/2011 - 12:34 | Esther Armstrong
AIM-listed Sunrise Resources (SRES) saw its shares soar 25% on Thursday on news that its had been granted an exploration licence for the Cue Diamond Project in Western Australia.
The mineral exploration and development specialist said the licence had been granted for an initial five-year period and covered diamondiferous kimberlite dykes at Cue 1 and Soapy Well Prospects.
It covers an area of approximately 70 square kilometres and is located 70km north-west of the town of Cue in Western Australia.
The firm said it will now initiate the usual Aboriginal heritage surveys and plans further drilling for the second quarter of 2011.
In the first drill programme, the objective will be to obtain samples from the known kimberlites and evaluate their diamond content and characteristics.
Patrick Cheetham, executive chairman of the company, said: "De Beers (the luxury jeweller) found diamondiferous kimberlites in two separate areas on the licence and considered that the area had excellent potential for further discoveries.
"A number of targets were defined by the De Beers before their strategic decision to cease exploration in Australia and these need to be drill tested."
cielo - 03 Mar 2011 12:09 - 57 of 86
No wonder the share price is weak again today ..................
3 March 2011 -- SUNRISE RESOURCES PLC
DIRECTOR SHAREHOLDING
Sunrise Resources plc ("Sunrise" or "the Company" - AIM: SRES) announces that on 2 March 2011, non-executive director Francis Johnstone disposed of 1,000,000 ordinary shares in the Company at a price of 3.625p per share.
Following the disposal Francis Johnstone is interested in 2,468,058 ordinary shares, being 0.79 per cent. of the issued share capital of the Company.
3 March 2011 -- SUNRISE RESOURCES PLC
DIRECTOR SHAREHOLDING
Sunrise Resources plc ("Sunrise" or "the Company" - AIM: SRES) announces that on 2 March 2011, non-executive director Francis Johnstone disposed of 1,000,000 ordinary shares in the Company at a price of 3.625p per share.
Following the disposal Francis Johnstone is interested in 2,468,058 ordinary shares, being 0.79 per cent. of the issued share capital of the Company.
gibby - 03 Mar 2011 18:21 - 58 of 86
cielo - yes my friend my thoughts also - but i am still very confident here - do you happen to know what he paid for those shares or were they 'free' or something else eg shares instead of salary et cetera
still not worried just going to have to sit this one out - we all know the great potential here
still not worried just going to have to sit this one out - we all know the great potential here
gibby - 07 Mar 2011 12:48 - 59 of 86
good to see some sense returning to the sp here now
cielo - 07 Mar 2011 13:16 - 60 of 86
Has been going higher from the start of the day.
Wonder if the bottom has been reached this time
Wonder if the bottom has been reached this time
gibby - 07 Mar 2011 20:49 - 61 of 86
yep i noticed that - still it was a good top up opportunity - not sure - will be watching carefully here - amazingly cheap for the upside potential - incredible
hangon - 09 Mar 2011 16:36 - 62 of 86
Isn't it a worry that one director sold 1m shares at the start of this month? That's hardly a vote of confidence - and has reduced his holding by a third. DYOR.
I suspect the recent sp rise on "so-so news" meant they would fall back soon enough....so he might as well take a small profit. But unless he was "given" these, there isn't much profit in (today)=36k-worth..
I suspect the recent sp rise on "so-so news" meant they would fall back soon enough....so he might as well take a small profit. But unless he was "given" these, there isn't much profit in (today)=36k-worth..
beebusy
- 10 Mar 2011 07:29
- 63 of 86
Its never a confidence builder when directors dump a load of shares,we could be charitable and take the view that he may have teenage children!!?? But in my view to ditch 1000,000 shares of a company that you are trying to promote is down right careless, me thinks I may get careless as well!!??
gibby - 24 Mar 2011 11:31 - 64 of 86
lol hold sres huge potential here
i colud have bought lower
now the wait - lol!
i colud have bought lower
now the wait - lol!
gibby - 14 Apr 2011 12:46 - 65 of 86
at last! about time some northerly movement
rococo - 08 Jun 2011 11:14 - 66 of 86
2.775p ( 2.60 / 2.95p ) +0.05p
A lot of large trades since yesterday, someone paid 3.056p premium earlier for 200K, on a very good round bottom chart, but has not yet move up properly
Why moneyam CHARTS are not working properly is a waste of time asking
A lot of large trades since yesterday, someone paid 3.056p premium earlier for 200K, on a very good round bottom chart, but has not yet move up properly
Why moneyam CHARTS are not working properly is a waste of time asking
rococo - 08 Jun 2011 11:44 - 67 of 86
2.65 / 2.95p +0.075
improving on the bid sides as small trades are nibling and paying full offer price
improving on the bid sides as small trades are nibling and paying full offer price
rococo - 08 Jun 2011 15:02 - 68 of 86
2.95p +0.225p
now moving well ahead after the early buying
Someone online has pressed the buttom 6 times in the space of 2 minutes for 80K = 480K and took all the MMs at 3p
now moving well ahead after the early buying
Someone online has pressed the buttom 6 times in the space of 2 minutes for 80K = 480K and took all the MMs at 3p
rococo - 08 Jun 2011 15:53 - 69 of 86
3.075p +0.35p
the bid price goes higher so the spread is smaller
the bid price goes higher so the spread is smaller
rococo - 14 Jun 2011 09:11 - 70 of 86
3.125p ( 3 / 3.25p ) +0.175p
Some very good 100K size buys during the last week and again today, just now a 200K buy paying premium 3.35p, naturally is over NMS. Is rising from the round bottom on the chart a very positive signal
;&Layout=2Line;Default;Price;HisDate&XCycle=&XFormat=)
Some very good 100K size buys during the last week and again today, just now a 200K buy paying premium 3.35p, naturally is over NMS. Is rising from the round bottom on the chart a very positive signal
rococo - 28 Jun 2011 16:12 - 71 of 86
volume is picking up and the paying price is higher since yesterday 2.57, 2.625, 2.65 and last one at 2.70p.
it looks like is on the move up after the retracement and ready for better things
The Indicators also at oversold is helping with the rise
once again the charts are not giving the right price or rise so someone else charts ....
it looks like is on the move up after the retracement and ready for better things
The Indicators also at oversold is helping with the rise
once again the charts are not giving the right price or rise so someone else charts ....
gibby - 18 Aug 2011 21:54 - 72 of 86
near time to buy rns near gla
gibby - 19 Aug 2011 15:49 - 73 of 86
http://www.minyanville.com/businessmarkets/articles/precious-metals-gold-prices-gold-stocks/8/19/2011/id/36440?camp=syndication&medium=portals&from=yahoo
gibby - 08 Sep 2011 21:17 - 74 of 86
news imminent here - i would not wanna be outta sres right now!!
gibby - 11 Sep 2011 21:14 - 75 of 86
news is due anytime - would not be surprised if rns this week - worth reviewing sres - surprised not more movement here as yet
gl
gl
beebusy
- 12 Sep 2011 20:33
- 76 of 86
Good Lord Gibby fancy meeting you here??????lol
HARRYCAT
- 13 Sep 2011 16:19
- 77 of 86
StockMarketWire.com
Shares in Sunrise Resources (LON:SRES) tumbled after it revealed disappointing results from a drill programme at its Long Lake project near Sudbury in Canada.
It said that no significant mineralisation was found in three of the nine holes drilled and the best result was 1m grading 1.2 g/t in Hole 11LD005.
Resampling of historic core from E1 prospect confirmed high-grade intersections in 1970s drill hole E1: 5.7m grading 27.5g/t gold & 1980s drill hole 87-9: 4.1m grading 14.8g/t gold.
Exploration efforts are to be broadened eastward to evaluate nickel-copper-PGM targets on projected extensions to the world-class producing Copper Cliff dyke system.
Executive chairman Patrick Cheetham said: "The results from this second drill programme, whilst not building on the success of the first, suggest that more work is needed to better understand the structural complexities controlling the gold mineralisation at Long Lake.
"However, the sampling results from E1 are encouraging."
Shares in Sunrise Resources (LON:SRES) tumbled after it revealed disappointing results from a drill programme at its Long Lake project near Sudbury in Canada.
It said that no significant mineralisation was found in three of the nine holes drilled and the best result was 1m grading 1.2 g/t in Hole 11LD005.
Resampling of historic core from E1 prospect confirmed high-grade intersections in 1970s drill hole E1: 5.7m grading 27.5g/t gold & 1980s drill hole 87-9: 4.1m grading 14.8g/t gold.
Exploration efforts are to be broadened eastward to evaluate nickel-copper-PGM targets on projected extensions to the world-class producing Copper Cliff dyke system.
Executive chairman Patrick Cheetham said: "The results from this second drill programme, whilst not building on the success of the first, suggest that more work is needed to better understand the structural complexities controlling the gold mineralisation at Long Lake.
"However, the sampling results from E1 are encouraging."
halifax - 13 Sep 2011 16:23 - 78 of 86
sunset
beebusy
- 15 Sep 2011 14:03
- 79 of 86
oh! boy! Not the news we were waiting for.
gibby - 17 Sep 2011 14:17 - 80 of 86
hi bb - yep - ditto your post 76 lol!! not quite the news i was hoping for lol!! however it is not end game - i have a feeling these may reverse a tad more - if so i will be buying in - high risk - i dont need to say what the reward will be if next rns positive - gl mate
gibby - 18 Sep 2011 21:49 - 81 of 86
mate lent me a mule, pick axe and shovel - i'm off to senegal lol!!! :-;
yeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
http://www.bbc.co.uk/news/world-africa-14837204
yeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
http://www.bbc.co.uk/news/world-africa-14837204
gibby - 18 Sep 2011 21:50 - 82 of 86
get me some nuggets!
dreamcatcher
- 18 Sep 2011 21:59
- 83 of 86
gibby - 12 Jan 2012 08:09 - 84 of 86
not much of an rns today - bb you about - we mentioned sres yesterday - at least some results to look forward to later this month???
beebusy
- 12 Jan 2012 08:31
- 85 of 86
Good morning Gibby, We live in hope!!! The others are still ticking down. Her indoors is having a lie in so I may have to top up if you get my drift?
gibby - 12 Jan 2012 08:49 - 86 of 86
morning bb - yep - i'm not sure what to do here - if this gets some more red may get some more but if those results are average hardly worth the sweat - good to hear her indoors having a lie in - what she dont know......... lol
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