GSR - Greenstone Resources

[derty]

Very interesting nickel sulphide intersection at Mt Thirsty released today.

MTRC015 intersected 6m @3.40% Ni from 201m including 2m @ 6.75% Ni. The sulphides are from what they believe to be the basal contact. Grades have higher Ni and lower Cu than would be expected from a differentiated mafic-ultramafic system so may actually be komatiitic and be separate from the main sill.

Could be very interesting if they can get a few more holes into this. Though the pegmatite dykes may be a pain in the butt.

 

[Cam019]

Shovels were out for this 7 year resurrection.

Bought BAR this morning at 0.075 after a breakout above Tuesdays high of 0.074. iSL set for close on or below 0.069. Weekly chart also looking promising with a BO-HR (thanks Pete) above 0.073.

Daily:

Weekly:

 

[Cam019]

Out today at 0.069 for a -1R result.

 

[System]

On November 2nd, 2021, Barra Resources Limited (BAR) changed its name and ASX code to Greenstone Resources Limited (GSR).

 

[Dona Ferentes]

▪ Barra Resources Limited completes name change to Greenstone Resources Limited
▪ The new ASX code has been confirmed as ASX: GSR as of Tuesday, 2 November 2021
▪ The new Company name better represents the new strategic direction of the Company
▪ The launch is accompanied by a new website and corporate presentation

Greenstone Resources Limited (ASX:GSR) (formerly Barra Resources Limited) is pleased to advise that following shareholder approval at the Company’s Annual General Meeting held on Friday, 29 October 2021, the Company’s name has officially changed with the Australian Securities and Investments Commission (ASIC) and is registered for trading as ASX:GSR on the Australian Stock Exchange (ASX).

The effective date for the change of Company name and ticker code on the ASX will be from the commencement of trading on Tuesday, 2 November 2021.

All current ordinary shareholdings and listed options in Barra Resources Limited have been re-assigned to Greenstone Resources Limited and current Barra Resources shareholders need take no further action in this regard.

 

[Dona Ferentes]

Investment Highlights (Nov 2021)

High grade, shallow & underexplored gold portfolio

Polymetallic Portfolio

• Burbanks Gold Mine, Coolgardie, Western Australia
• Phillips Find Mining Centre, Coolgardie, Western Australia
• Mt Thirsty Cobalt Project, Norseman, Western Australia

Trial Mining Underway at Burbanks

• Strategic Joint Venture with FMR Investments
• Limited to two small areas, presenting no risk to Greenstone
• Ore to be toll treated through neighbouring FMR mill (Greenfields Mill)

Aggressive Exploration Program Planned

• Historical highgrade operation producing 421koz largely from the upper 140m
• Limited exploration below 250m, and no exploration below 350m
• Previous intercepts include, 4.7m @ 462.1g/t Au from 244m (BBUD329)

Longlife Cobalt Exposure

• One of Australia’s most advanced cobalt projects (PFS completed 2020)
• Several optimisation options currently under review
• Assessing ability to produce sulphate or P / CAM products

...................... and GSR has risen from under 3c to 4.8c in the last week

The Mt Thirsty Co-Ni Project is a Joint Venture (Conico 50%, Greenstone Resources Ltd 50%);

MT THIRSTY GEOLOGICAL REVIEW FOLLOWING NEIGHBOURING DISCOVERY BY GALILEO

• Geological review underway at Mt Thirsty following recent discovery by Galileo Mining Ltd (ASX: GAL)
• Galileo’s Callisto discovery only 200 metres from northern tenement boundary held by the MTJV
• Continuity of the prospective mineralised horizon onto MTJV tenure supported by lithology & geophysics
• Prospective mineralised horizon remains untested with a further 1.5km extending onto MTJV tenure
• Program of Work application underway with DMIRS to support maiden 2,000 metre drill campaign
• Maiden drill campaign expected to begin within the next 6-8 weeks, and taking 4 weeks to complete
• Broader regional geological review underway assessing nickel sulphide and LCT pegmatite potential

 

[greggles]

Mark Creasy bets on Galileo Mining’s neighbour Greenstone Resources to follow Callisto find

Creasy bets on Galileo’s neighbour Greenstone

WA uber prospector Mark Creasy has taken a punt that the discovery made by his Galileo Mining at its Norseman project may extend into ground held by Greenstone Resources.

thewest.com.au

WA uber prospector Mark Creasy has taken a punt that the discovery made by his Galileo Mining at its Norseman project may extend into ground held by Greenstone Resources.

Mr Creasy has been outed as the “strategic mining investor” Greenstone stated in June had paid about $2 million for a 4.3 per cent cornerstone position in the company as part of a $4.9m share placement.

The investment suggested the veteran mining identity believes the discovery made by Galileo at its Callisto prospect in May might extend 200m north across the boundary of Greenstone’s Mt Thirsty joint venture.

In May, Galileo revealed an intersection of 33m at 2 grams per tonne palladium-platinum-gold as well as 0.32 per cent copper and 0.3 per cent nickel from 144m.

If anyone should know, it would be Mark Creasy given his familiarity with the region and Galileo's operations.

 

[greggles]

GSR share price plummets more than 40% today after a disappointing update from their Mt. Thirsty JV. The market expected much better results than these and traders are heading for the exit this morning.

JV partner Conico Ltd (CNJ) down even more today.

 

[Dona Ferentes]

watch out below

 

[noirua]

Greenstone Resources (ASX:GSR) hits bonanza grade gold at Burbank

Greenstone Resources (ASX:GSR) has recorded multiple high-grade gold intersections in the first round of drilling at its Burbank project in Western Australia.

themarketherald.com.au

Greenstone Resources (GSR) has recorded multiple high-grade gold intersections in the first round of drilling at its Burbank project in Western Australia.

Initial results from the company’s phase one drill campaign returned seven metres at 57.84 grams per tonne (g/t) gold from 90 metres downhole, which included one metre at 375 g/t gold.

Live price chart: https://uk.advfn.com/p.php?pid=staticchart&s=ASX^GSR&p=5&t=1

 

[Faramir]

I am picking GSR for July tipping comp. I know nothing about this company other than the fact that I like the name. ?

It went up by 21.43% today but I am too lazy to find out why.

 

[System]

On June 18th, 2024, Greenstone Resources Limited (GSR) was removed from the Official List of ASX Limited in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between GSR and its shareholders in connection with the acquisition of all the issued capital in GSR by Horizon Minerals Limited (HRZ).