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ESR - Estrella Resources

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Estrella Resources Limited, (ESR), is an Australian-based, Chilean focused copper-gold exploration company. Estrella has secured rights to four brownfields exploration projects in Chile, namely Agustina, Luna, Inca and Venus.

Early exploration activities have identified a number of potentially significant exploration targets and the company intends to undertake an aggressive exploration program in 2012.

http://www.estrellaresources.com.au
 
Share Price 15c
Market Cap $13M
No. Shares 87,101,000
No. Options 7,205,000
Cash at bank (May 2012) $6m

Board
Dr. Jason Berton, Managing Director
Gavin Solomon, Non-executive Chairman
Julian Bavin, Non-executive Director
Simon Kidston, Non-executive Director
Justin Clyne, Company Secretary

Agustina
Option to acquire 100% of Agustina concessions
Covers 4 mining leases with total area of 21.0km²
Numerous artisanal copper and gold mines
Geology
“Brownfields project” highly prospective for IOCG Mineralisation hosted in numerous fault breccia structures Agustina hosts several copper, gold and iron ore prospects
-Some exploited historically on a small scale
-Visible controls on mineralisation de-risks exploration
Prospects
Orion: Multiple artisan mines, High grade Cu with Au credits, Continuous mineralisation in fault breccias
Centauri: Au workings, grades of 69.25g/t in stockpiles
Nova: Cu workings, similar faults to Orion, valid mining permit.
Aurora: Along strike of Cu workings at Naciamento

Mineralisation from surface on all projects
-Significant potential to extend at depth (> 1 km)

Latest announcement from Agustina
 Estrella completes Initial Drilling at Orion prospect
 Visible mineralisation within diamond cores
 Core samples being assayed at La Serena lab
 Exploration commenced on the Centauri prospect

Venus
100% owned by Estrella Located 75 km NNW of La Serena
Covers area totalling 90 km² Highly prospective region for high grade copper-gold
-Mineralised fault structures similar to Agustina
Southern extension of Agustina project
Significant artisanal mining across entire tenement
Significant nearby infrastructure including road access and rail line

Luna/Inca
Luna 100% and Inca 91.5% owned by Estrella Total area of 262km² of which Inca is a 54 km² subset
Located ~90km SE of Coquimbo
Highly prospective region for high grade copper-gold
Surrounding concession holders include
-Barrick Gold, Codelco, BHP Billiton and Teck
Good road access across tenement via Barrick/ Codelco JV road
Initial sampling results include 5.2% and 5.4% Cu


Samples from Luna/Inca are worth investigating for future speculative results
 
Estrellita has been very quiet for years.
Board has changed, and they've repatriated their focus back home to WA.
Today gave me a breakout alert from a saucer pattern; while a pullback to make it a cup with handle is still possible, I have taken a small start position in case it keeps going.

 
The current 3.5c res seems to be weakening. "Giddyup!"
Target: The top of the gap that was left on November 1st.
I hold and intend to accumulate if/when break is confirmed.
A break below support (3c) would be the deal breaker.
 
raised stop threshold to 3.5c, accumulating for resistance 3.7 to break, first target 4.2

 
so far, so good
we hit 4.1 today, back to the placement (4c) of last October.
(How would the punters feel about that, after seeing their investment halved earlier this year?)
 
... and a longer-term view - could almost be viewed as a rounded (double) bottom.

 
ESR up another 8% today and poking its head above the 4c mark. It seems to have built up some momentum recently and I'm keeping a close eye on it.
 
Now the gap has been filled, I wonder whether there is even more upside.
While I kept snipping a few quick swingers, I'm also keeping a decent position ... just in case

 
Trading Halt ahead of publication of another set of assay results.
That turns the last few trading days into a case of "Buying the Rumour".
Good luck to all holders Make mint!
 


Only 2 more ticks and the gap between March 13 and 14 will be closed.
However, we might see a longer drawn-out dive, similar to November to mid-February.
 
pretty quiet for this shooting star

offload old leases
raise cash, issue oppies
surprise (some of) the market

- 2.9m of massive nickel-copper sulphide mineralisation (~true width) has been intersected at the southern end of the T5 Prospect in diamond core hole CBDD030 from 435.9m to 438.8m depth
- Massive sulphide zone is surrounded by a broader ~15m wide zone of vein, stringer, matrix and disseminated Ni-Cu sulphide mineralisation from 430.55m, with additional minor blebs and disseminated sulphides further downhole
- The presence of high-grade Ni and Cu mineralisation has been verified by site geologists using a pXRF gun and is by far the most extensive intersection away from the historic Carr Boyd Mine
- CBDD030 intersected the contact at a depth of 368m, was completely blind and is open in all directions providing a massive opportunity to drill out and expand this zone of mineralisation
- This is a significant breakthrough in the development of the T5 Prospect which has been discovered after almost five years of work by our team

5 year canker, then KaBoom
 
It's amazing what one good intersection can do for a small cap mining company. Well done to all holders. Nice little multi-bagger for October. Wish I had picked it for the competition.

Pixel's instincts were right, he was just a couple of years too early.
 
Yes that is a lovely vertical line! These don’t come around very often so am happy to be a part of this one. Only 80km from Kalgoorlie to. Good to see a struggling company hit the jackpot
 
There was the "Investor Presentation" released prior to market open on Monday that had little impact on Monday's price, and Nickel prices having another shy at USD20,000/tonne.
Worth a closer watch over the next few days.
 

Attachments

  • ESR Investor-Presentation.pdf
    3.2 MB · Views: 14
Another zone of massive nickel-copper sulphides discovered at Broonhill. The grade isn't spectacular nor is the intersection particularly wide, but the ore body is growing and is open in all directions. It is likely that further drilling will continue to intersect mineralisation.

 
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