KGL - KGL Resources

[kingkev]

Re: KGL - Kentor Gold

Announcement released a few minutes ago, brief overview

- explains great metallurgical test work at Jervois
- Jervois ore body continuing at depth; grade increasing
- Jervois potentially Kentor's largest project
- Updates Burnakura feasinility study
- Confidence about to start up for Andash project
- Exploration and the 2012 outlook

Should hopefully see a rise in SP after this.

Confidence in Andash approvals is not enough in todays climate. No mention of how they were progressing on getting these approvals. Thats why no movement today......
Jervois appears to be a catalyst here even if Andash drags its feet. I suspect an Andash approval would come sometime in the new year.....

 

[investorpaul]

Re: KGL - Kentor Gold

Confidence in Andash approvals is not enough in todays climate. No mention of how they were progressing on getting these approvals. Thats why no movement today......
Jervois appears to be a catalyst here even if Andash drags its feet. I suspect an Andash approval would come sometime in the new year.....

Hi Kingkev,

Previously management had stated that it would be prior to the NY, but after today's ann I am starting to side with the early in the new year brigade.

Mainly because we are running out of time and I would have thought SM would use more positive language if it is imminent.

It doesnt bother me when it comes, if we get near 10c again I'll load up again. If not I'm happy with the parcel I have and expect us to hit mid-high teens after Andash is confirmed.

 

[kingkev]

Re: KGL - Kentor Gold

Hi Kingkev,

Previously management had stated that it would be prior to the NY, but after today's ann I am starting to side with the early in the new year brigade.

Mainly because we are running out of time and I would have thought SM would use more positive language if it is imminent.

It doesnt bother me when it comes, if we get near 10c again I'll load up again. If not I'm happy with the parcel I have and expect us to hit mid-high teens after Andash is confirmed.

I am the same...........sometimes I wish it would go back down to 10c because I could certainly do with more. The lower the sp goes the bigger the bounce

cheers

 

[namrog]

Re: KGL - Kentor Gold

I am the same...........sometimes I wish it would go back down to 10c because I could certainly do with more. The lower the sp goes the bigger the bounce

cheers

Be carefull what you wish for, but if it does go to 10 cents I'll be looking for a reverse signal and in I'll be as well.

However to say that "The lower the sp goes the bigger the bounce" is just plain wrong, there are many that never bounce, A typical Hot Crapper statement...!

 

[investorpaul]

Re: KGL - Kentor Gold

I think 10c could be hit again if:

1. Global markets crumble
2. And there is no Andash update prior to this

Once the Andash announcement comes out I think that will add a bit of a floor under the SP and we should see it around the mid-late teens.

It would then take a serious market crash to bring it back down to 10 c IMO or a set of bad ann's at the company level.

 

[TMC93]

Re: KGL - Kentor Gold

Nearly there, 105 cents. Might be a good time to pick up another parcel to get the average unit price down. Too many bargains and not enough cash Oh well better than vice versa

 

[chakvetadze]

Re: KGL - Kentor Gold

The cheapest gold/copper play on the ASX according to my data. Trading at a phenominal discount to NPV due to perceived sovereign risk.

 

[dmorgz]

Re: KGL - Kentor Gold

Anyone got any thoughts on this? I've been holding this stock (on and off) for the past 2 or 3 years.

Seems they have been on a slide the last couple of days. I have been waiting for some kind of announcement about their project in Kyrgyzstan but nothing has come about yet. Any thoughts about that?

The other announcement around the Gabintha project isn't super profitable in comparison with other projects like the Andash one (IMO), but is only a small part of their strategy. Just keen to hear what others think of the prospects here??

 

[TMC93]

Re: KGL - Kentor Gold

I had a small holding a little while ago but sold to free up cash with a tiny profit. Have not been watching very closely since but investor paul might have some info for you. Maybe check his blog out?

 

[kingkev]

Re: KGL - Kentor Gold

I had a small holding a little while ago but sold to free up cash with a tiny profit. Have not been watching very closely since but investor paul might have some info for you. Maybe check his blog out?

KURULTI - local meeting coming up after locals start thawing out from the serious bout of cold thats hit them. Andash should get approvals soon IMHO as great upside for locals
Aussie assetts not looking bad at all. Hopefully after consolidation HYPE is over this will start it's northern march

Happy days

 

[investorpaul]

Re: KGL - Kentor Gold

Anyone got any thoughts on this? I've been holding this stock (on and off) for the past 2 or 3 years.

Seems they have been on a slide the last couple of days. I have been waiting for some kind of announcement about their project in Kyrgyzstan but nothing has come about yet. Any thoughts about that?

The other announcement around the Gabintha project isn't super profitable in comparison with other projects like the Andash one (IMO), but is only a small part of their strategy. Just keen to hear what others think of the prospects here??

Hi Dmorgz

There is no doubt that the Andash approval process has been delayed. We originally expected news in December, and then January. I do however believe the delays are more administrative, rather than project specific.

Firstly, with the change of Government, the new coalition has been reviewing the approvals process and appointing various ministers. This has taken time and meant that no official party personnel were available to attend the local "Kurulti".

Secondly, the Krygyz Rep is frozen over (like most of Europe/central Asia). They have been experiencing temps of -30 degrees.

Finally, there was apparently a wedding and funeral scheduled for the village last week and this week.

Now, although most of us probably wonder why they dont just sign on the dotted line I think we have to be mindful of the fact that the local village is essentially a "tribe" with thier own traditions, processes and procedures. They dont necessarily work to our westernised way of doing business.

I posted a week or so ago that the next four weeks is crucial and stand by that comment. I think we need to see some news within that period otherwise there could be some weakness in the SP.

In regard to Burnakura/Gabanthina yes stage 1 of the project is fairly rubbish, luckily the stage 2 feaso is due out in April and that should help ease some nerves. Even if Burnakura (stage 1) just covers admin/some exploration costs then at least that removes the need for any CR's in the near future.

The real potential of the project will be in extending mine life, adding the heap leach and processing the copper-gold concentrate from Gabanthina.

Finally, The consolidation period has resulted in rubbish volume and the stock being up and down like a yoyo. Give it another week or so and we should get a clearer picture on where the stock stands.

 

[springhill]

Re: KGL - Kentor Gold

New high grade near surface copper zone discovered at Jervois

● Increased potential for large scale open cut mining in current feasibility study
● More high grade results at Marshall and Bellbird deposits

A new high grade zone of shallow mineralisation has been discovered at the Jervois Copper-Silver-Gold Project in the Northern Territory.
The new zone is located 80m to the west of the Marshall copper deposit.
The zone is overlain by a thin layer of cover beneath which 38m of mineralisation has been intersected by hole RJ242 including
32m @ 1.1% copper, 1.2% lead, 1.4% zinc, 60.4 g/t silver and 0.12 g/t gold from 0m (Hole RJ242)

While the total depth of hole RJ242 was 303m, assay results beyond 68m have not yet been received.
The new zone is interpreted to be the northern extension of the Green Parrot prospect which lies a further 500m to the south directly along strike

More high grade results at Marshall and Bellbird deposits

Further high grade results have also been received from diamond and RC drilling at the Marshall and Bellbird Deposits. Significant intervals included
Bellbird
6m @ 2.7% copper, 25.8g/t silver and 0.07g/t gold from 122m (Hole RJ219)

Marshall
26m @ 2.2% copper, 0.2% lead, 0.2% zinc, 53.1g/t silver and 0.21g/t gold from 73m (Hole RJ239)
9m @ 1.9% copper, 26.5g/t silver and 0.31g/t gold from 280m (Hole RJ 240)

 

[springhill]

Re: KGL - Kentor Gold

Kentor Gold discovers new copper - gold exploration zones at Jervois
● High gold grades at Chubko Prospect

Kentor Gold announces that several previously unknown and unexplored copper-gold zones have been identified at the Jervois Copper-Silver-Gold Project in the Northern Territory.
Collaborative work by the Northern Territory Geological Survey (NTGS) and a CSIRO led Centre of Excellence prompted Kentor Gold to undertake surveys that identified the new zones outside the current Resource area. Kentor Gold is fast tracking a feasibility study of the Jervois Copper-Silver-Gold Project where high grade drilling results across the 12km strike length have recently been announced.
At the newly identified prospect, Chubko, the Company has now commenced sampling and mapping programmes that are expected to lead to a drilling program later this year.

Copper mineralisation, identified within three main zones striking WSW - NNE, has distinct mineralisation characteristics.
Mineralisation in the northern zone is represented mostly by disseminated malachite and occasional chalcocite and in veinlets to 0.5m thick. Most of the host schists bear low grade copper and zinc mineralisation.
In the southern zone, mineralisation is identified in lensed quartz veins as disseminations and veinlets of malachite and haematite (limonite).
In the central portion of this zone, in quartz veins, extremely high gold grades were identified (50 to 56 g/t). Gold is accompanied by elevated Bismuth (0.6 - 0.95%) and a rise in arsenic levels (53-130 ppm). This mineralisation system is typical of hydrothermal association, and may indicate a new type of mineralisation within the Jervois Project area.
While the development of the existing resources at Jervois and completion of the Bankable Feasibility Study remains Kentor’s primary focus, the Company is continuing to pursue identification of areas with future development potential, close to existing resources. With such encouraging results from this preliminary field work at Chubko, a comprehensive sampling and mapping program has commenced and this work is expected to direct a future drilling program that is planned for later this year.

 

[basilio]

The resources at Jervois are turning into a monster of a project. Very high grades, close to the surface, big reserves.

IKG is being punished (like all mining companies ) at the moment but perhaps its cash and resources in the ground will see some light in a couple of years.

http://www.proactiveinvestors.com.a...rade-copper-at-jervois-pfs-pending-59400.html

http://www.proactiveinvestors.com.a...-viable-mid-sized-multi-metal-mine-59444.html

 

[Telamelo]

Wow KGL (Copper) taken off this morning on very good volume/momentum @ 0.41c +13.89%! leaky good news perhaps!?

Cheers tela

 

[frugal.rock]

Time for an update.
I'm wondering if this one has more legs...talk about a hard right edge. Left edge is soft and gooey.

Shorter timeframe chart looks interesting.... copper fueled i believe?
5 year chart

 

[frugal.rock]

Chart update only. Not held.