ASL - Andean Silver

[System]

Mitre Mining Corporation was incorporated on 2 November 2020 in New South Wales as a gold and base metals exploration company. The Company was established to become an exploration and development company focused on gold and base metal exploration in Australia. The Company's first project is EL9146 in the eastern Lachlan Fold Belt near Batemans Bay on the New South Wales southern coast.

The Company believes that the lack of any modern exploration work within the Project, combined with the proximal location of the tenement to small historical gold occurrences within the surrounding highly prospective eastern Lachlan Gold Belt (which is known to host multiple orogenic gold, epigenetic gold, volcanic-associated massive sulphide and porphyry copper-gold deposits) presents a unique strategic opportunity to apply modern exploration techniques to a historically unexplored area within a region of historical gold production.

While the Project is located nearby small historical gold occurrences within the highly prospective eastern Lachlan Gold Belt (which is known to host multiple orogenic gold, epigenetic gold, volcanic-associated massive sulphide and porphyry copper-gold deposits), no historical gold occurrences have been recorded on the Tenement and the Tenement has no reported exploration targets, mineral resources or ore reserves.

It is anticipated that MMC will list on the ASX during September 2021.

Andean Silver

mitremining.com.au

 

[Dona Ferentes]

Listing date	30 September 2021 11:30AM AEST ##
Company contact details	https://www.mitremining.com.au/ Ph: +61 3 9614 0550
Principal Activities	Exploration and Mining
GICS industry group	TBA
Issue Price	AUD 0.20
Issue Type	Ordinary Fully Paid Shares
Security code	MMC
Capital to be Raised	$5,000,000
Expected offer close date	10 September 2021
Underwriter	Not underwritten. Westar Capital Limited (Lead Manager)

 

[Dona Ferentes]

This mining hopeful has listed today

and up and trading .... opened at 25c and ran to 28c in the first minutes. Now settling back around 25c

 

[frugal.rock]

The dyslexic crowd were looking for MCM, but found this instead?

 

[Sean K]

Another please explain inbound you'd think.

 

[houtman]

One of my silver picks.

High grade
Ex BGL, Northstar and Mincor management
Has infrastructure

And they are pushing ahead, from their 2/5 announcement -
The first four holes in an initial 5,000m infill drilling program have already been completed
with assays pending; receipt of these assays will mark the start of what is expected to be
strong, continuous news-flow culminating in a proposed Resource update early in Q3
2024

 

[The Triangle]

One of my silver picks.

High grade
Ex BGL, Northstar and Mincor management
Has infrastructure

And they are pushing ahead, from their 2/5 announcement -
The first four holes in an initial 5,000m infill drilling program have already been completed
with assays pending; receipt of these assays will mark the start of what is expected to be
strong, continuous news-flow culminating in a proposed Resource update early in Q3
2024

It's incredible what a credible board of directors can do for a share price.

Everything Southam touches turns to gold. Phone in once a month for an hour and presto!

 

[System]

On July 11th, 2024, Mitre Mining Corporation Limited (MMC) changed its name and ASX code to Andean Silver Limited (ASL).

 

[Country Lad]

It's incredible what a credible board of directors can do for a share price.

Everything Southam touches turns to gold. Phone in once a month for an hour and presto!

Yes, good point @The Triangle, either ASL has a bit going for it or the market is following Parsons and his so-called Richardson Street group. It is probably a bit of both. I wouldn't expect that Parsons will turn it into another Bellevue but he will certainly add value. I found this on the weekend but didn't chase it this morning unfortunately.
There are a cople more Parsons and his group are involved in so must have a look at them.