AEV - Avenira Limited

[YOUNG_TRADER]

Re: MAK - Minemakers

Drill holes are generally on an angle YT! The ann doesn't say what, but I guess 60 degrees ish.... Just a pluck. By the maps they provide definately not 90. So, future drilling maybe directly down (90 degrees) or at a greater angle in the direction perpendicular of the ore body to capture it at shallower depth. (30 degrees maybe ) I'm no drilling expert!! Someone set me straight please!

So you reckon they came from outside the orebody, on say a 60 degree angle and only uintersected it at 120m's? Makes sense I guess,

Still if it were me I'd go straight down, 90 degrees as you said, because its magnetite you need it close to surface to make it work 50m's depth max,

Might give the company a call to try and clarify,

If they firm something up, I'd expect it to either be sold or JV'd with GRR, so I'm hoping they firm something big

 

[kevinecom]

Re: MAK - Minemakers

MAK share price goes up by 14.815%.

I'm confident with MAK, as it is neighbour to Grange resources.

 

[Sean K]

Re: MAK - Minemakers

So you reckon they came from outside the orebody, on say a 60 degree angle and only uintersected it at 120m's? Makes sense I guess,

I've gone back through Granges early anns on Southdown and some of their early drill holes didn't hit mineralisation until 150m. If it is an extension of the same deposit, then the mineralisation looks to start under 20-50m of cover and extends to 300m depth. Hopefully MAK's is the same.

These slides are taken from an investor presentation on 10 Feb 05. Note the lower holes and their intercept depth.

 

[Kevi]

Re: MAK - Minemakers

very interesting Kennas..

I guess this from the announcement confirms that they will now target mineralisation closer to the surface.

The drill holes were sited to ensure testing of magnetic anomalies at a depth well below weathering and cover sequences.
The next phase of exploration will seek areas of magnetite mineralization which are likely to be:
• closer to surface
• replicated by folding

 

[Gordon]

Re: MAK - Minemakers

wow either very small market cap or very few shareholders that trade (or both) $73 000 is all it would take to buy every share for sale at the moment.

 

[YOUNG_TRADER]

Re: MAK - Minemakers

Hey Kennarico,

Thanks for the info, makes complete sense to me now, its a very easy way of understanding the deposit extension, MAK maybe onto something here!

 

[Sean K]

Re: MAK - Minemakers

Hey Kennarico,

Thanks for the info, makes complete sense to me now, its a very easy way of understanding the deposit extension, MAK maybe onto something here!

Buenas, Amigo YT!

Boardroom radio chat with AD is out pretty much confirming what we've discussed here. He likes getting on Boardroom radio - must have a connnection there or something.

They've had a bad run with the lab on the assays by the sound. They need to change providers I reckon. Switch to someone not called 'Marx Brothers Assays in 24 hours or it's Free!"

Bit of extra volume today holding it up which is nice. Might now be on the radar!

 

[kevinecom]

Re: MAK - Minemakers

MAK is up another 19%, not many sellers too.

YT, do you have any upcoming research stock, u did extremely well with cul, yml , fwl and rmi. Anything u touch turning to gold

 

[Sean K]

Re: MAK - Minemakers

I stole this off the MLX thread (thanks Mick) in relation to tin, which is one of MAK's potential company makers:

DJ BASE METALS: LME Tin Jumps On Technical Breakout
Wed, Jul 18 2007, 17:25 GMT
http://www.osterdowjones.com/

London Metal Exchange tin blitzed the rest of the complexWednesday as funds leaped at a technical play that market participants seedriving it higher.

LME tin jumped almost 5% Wednesday, to end just shy of $15,000/ton, short ofits $15,100/ton April high.

The metal has been traded around $14,000/ton since mid-May, traders said,which added fuel to the breakout, as buy stops were triggered at key technicallevels all the way up.

Already, analysts have warned of a "new nickel or lead" in the making, withtechnical indicators for the metal pointing as high as $16,000/ton, said UBSanalyst Robin Bhar.

Like the lead and nickel markets, the tin market is relatively small, withsupply side stresses, and dominated by one or two "very, very large funds,"analysts said.

In the coming days, LME tin is set to challenge$15,100/ton hit in April when Indonesian supply problems kicked in, market players said.

Indonesian authorities cracked down on dozens of small smelters last October,forcing them to close up shop due to environmental and tax code breaches,although some larger smelters have gradually come back on line.

Mostly due to these problems, reported tin production from January to May was down 2,900 tons on the year, the World Bureau of Metal Statistics said Wednesday.

 

[Sean K]

Re: MAK - Minemakers

Tassie U surface assays look pretty interesting, the MD calling the deposit to be potentially economical, before they've even drilled.

Average assays 14lb/tn sounds pretty good?

Any thoughts?

Not sure of Tassies stand on U mining still....

 

[YOUNG_TRADER]

Re: MAK - Minemakers

Tassie U surface assays look pretty interesting, the MD calling the deposit to be potentially economical, before they've even drilled.

Average assays 14lb/tn sounds pretty good?

Any thoughts?

Not sure of Tassies stand on U mining still....

Hey Kenna,

Tassie U does look interesting, but like you I have no idea what Tassie stance on U is,

Opies doing well I see

 

[deftfear]

Re: MAK - Minemakers

Hey Kenna,

Tassie U does look interesting, but like you I have no idea what Tassie stance on U is,

Opies doing well I see

As far as I know tassie doesn't yet have a stance on uranium as MAK's is the first deposit that has been in the news, and I "think" i have read previously that tassie's stance on uranium was irrelevant as there is none here. Can't remember the source or anything, just something that stuck in my head.

I don't know what the chances would be of getting a mine going thanks to being the green state. Anything that isn't green causes a lot of controversy here and the greens have more power here than anywhere else in Australia.

 

[Sean K]

Re: MAK - Minemakers

I don't know what the chances would be of getting a mine going thanks to being the green state. Anything that isn't green causes a lot of controversy here and the greens have more power here than anywhere else in Australia.

Yes, Tassie is a 'green' state but it hasn't stopped the NW corner of the state slowly being turned into one huge mine. There's numerous operators and new mines being developed as we speak. The question of whether U is a 'green' fuel, or a world destroyer is the question perhaps.

 

[stayhere]

Re: MAK - Minemakers

uranium mine is ok in TAS. is not baned, but like you said they don't have any uranium deposit before, so not much discusion.

 

[Sean K]

Re: MAK - Minemakers

Surprising strength in this one yesterday stopping at what is becomming strong resistance at 40 cents. Little bit of support growing at 35, hopefully forming a base for further growth, but with this market volatility, who knows.

I think the key drivers for the next quarter will be the appraisal of the drill results in Tassie and the desk top study. Also:

The Stage 2 assays at W Southdown should be due in the comming weeks and the announcement of drilling at TUU when/if they get a rig there. I doubt that asssay results will get back from the Stage 2 drilling at Southdown, or TUU though.

Also, Mines and Resources Tassie is currently flying a radiometric and geophysical survey over NE Tassie and MAK have commissioned infil flight lines over their U projects to identify drill targest. The release of that data should provide some interest. Lets hope they're hot!!

Exploration lisences for the WA and NT U projects should come in this quarter too.

Tungsten asays are due very soon from Aberfoyle too. If they are satisfactory then the JV with WB should go ahead. This could be a significant event for MAK, one way or the other. Both companies are assessing the potential to start reprocessing operations of the tailings at Story's Creek to start generating some cash flow.

Looks like they're spending about $500K a quarter and have $2m left in the kitty, so they'll need to go to the market later this year probably. Hopefully a rights issue at a little discount. But doubt it.

 

[Sean K]

Re: MAK - Minemakers

MAK in the news from the WA U conference. This article is from Mineweb. Good plug for the U play, which is just another string to the bow for me.

I must add, while I have been posting a lot on this, it is still highly speculative, and has had a very good run since breaking up from the teens. Market cap has been boosted considerably and is not the micro it was a couple of months ago. DYOR, blah, blah...

Australia's Apple Isle gets a taste for uranium

When Australia was enmeshed in the 1950s Cold War and strategic metals such as uranium were sought, there was one shortlived quest in Tasmania but Minemakers Ltd now is intent on taking forward the first modern uranium search on the Apple Isle.

Author: Ross Louthean
Posted: Tuesday , 24 Jul 2007

PERTH -

Minemakers Ltd, an explorer with a diverse set of commodity targets on prospects in the Northern Territory, Western Australia and Tasmania, now believes it has at least one significant uranium target in Tasmania.

Tasmania has been absent from the pegging rush for uranium prospects in Australia, however, Minemakers has some distinctive uranium targets to evaluate on its Rossarden prospects that takes in the Storeys Creek tungsten-tin project, mined in the past by two companies.

The company's managing director, Andrew Drummond, told Mineweb that historical records showed six significant uranium occurrences in Tasmania and five of these are on Minemakers' tenements.

One prospect explored by a company set up in the 1950s, Tasmania United Uranium NL, contained high grade mineralisation, with past assays as high as 13.6% U308 (300 lbs/tonne).

This mineralisation was in a fault zone and was followed underground for 27 metres and there was evidence that limited drilling went no further than 50m.

At the Castle Carey zone, records showed there was potential for a large deposit of medium grade uranium that was discovered in a black shale stratigraphic unit 2-3m thick and contained in a fault-bounded block about 6 kilometres x 700 metres in extent. The company said limited past trench sampling at Castle Carey indicated grades would be about 0.1% or 2.2 lbs/t U308. "In the mid 1950s that grade was not economic but is potentially so at today's uranium prices," the company said.

Drummond said field work on Tasmania United may not be restricted to being a high grade deposit in a fault zone as there was evidence that a larger alteration zone contained significant uranium mineralisation.

Minemakers is now developing a drilling programme on Storeys Creek for tungsten and tin and on two of the separate uranium targets.

Drummond said the Rossarden licences provide the same sort of opportunities that explorers had venturing into the eastern goldfields of WA in the 1980s when the focus for targets below mainly shallow workings was enormous.

Prospectors worked alluvials in the wolframite and cassiterite deposits at Storeys Creek and adjacent deposits in the Rossarden district from 1892 and the last operator there was Aberfoyle Ltd before it was taken over by North Ltd, in turn acquired in the late 1990s by Rio Tinto plc.

 

[Col Lector]

Re: MAK - Minemakers

MAK ann out late Thursday....release of Fe assays for Southdown.
Southdown iron project potential must be being watched by GRR...and potential partners.

 

[Sean K]

Re: MAK - Minemakers

MAK ann out late Thursday....release of Fe assays for Southdown.
Southdown iron project potential must be being watched by GRR...and potential partners.

You would have to consider that if they define a resource here of any decent tonnage, that GRR/Sojitz will farm in and add W Southdown to the Southdown project. All the infrastructure will be well on the way by the time a JORC is finalised and they just plug it in. As long as the deposit is close to surface it looks pretty positive.

 

[Sean K]

Re: MAK - Minemakers

RIO has just taken 19% of Grange in order to consolidate the Southdown Project. Just a matter of time perhaps that some arrangement is made with MAK on West Southdown. I think if they confirm the deposit is within a reasonable distance from the surface, then this project might be looked at by RIO/GRR/Sojitz. Still spec, of course.

 

[Col Lector]

Re: MAK - Minemakers

Gidday Kennas....surprised to see no activity on MAK following this morning ann of GRR/RIO tieup... IMO the tenement consolidation has to be viewed as a positive for MAK. It ensures that major development will proceed at Southdown. Economics ensure that both GRR & RIO will be watching MAK's future drilling closely.Are further Fe assays due soon?? That may be the catalyst needed for MAK to regain its recent highs.