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NWR - Northwest Resources

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IMHO they have already generated tonnes of drilling data. Not only are they drilling and putting together JORC reserves on the three Specs but they are also "scout" drilling 18,000 meters of RC on about twenty very high grade targets on the two shear zones (Red Ribbon Shear and Blue Spec Shear) that run thru their property. Assuming all of the targets are drilled that equates to between 4-5 holes to depths of 175 -200 meters on each target.

Green Spec is the first "blind discovery" on the shears and gold mineralization was hit at 15 meters and currently is open at 130 meters. Blue Spec oz per vertical meter is 625-875 and Golden Spec is 370-510. Green maybe?? 500 oz per meter, so 15 to 130 meters equals 57,500 ozs.

IF some of the other twenty Spec targets start turning up similar grades, total gold ounces potential starts to run into multi-millions of very high grade ounces. Blue & Gold Spec alone may IMHO host INXS of half a million ounces, and they were previously deep mined.
 
the first results of the new drilling campaign on the 2 shears must be due out in a few short weeks. looking forward to that to assess the value of the ground surrounding the 3 spec's gold mineralisation zones.
 
Have just traded near 500,000 shares going thru in decent blocks, bidders have gotten impatient and are no longer standing back, this might send it on its way (at last). Very few sellers in the oppies.
 
The movement today was a sign of better things to come.Won't be long now they have the good stuff and most things are in place.Cheers Dyor.
 
just a passing thought : last year there was so much effort put into drilling the camel creek deposits. at the time i thought it odd. the blue spec shear to my senses was the place to be with a drill bit - & the reason for my initially buying shares in the company. the consequence of a delayed drilling campaign on the blue spec shear has been the extra time to slowly accumulate - especially thru may & june. bring on the jorc.
 
Some results released from drilling at Green Spec. Results are very high grade and include an open pittable resource with both a decent sized open pittable gold / stibbinite deposit associated with the typical plunging high grade gold system with very high gold values found at the other Specs. NWR claims they will have the highest grade gold mine/s in Australia. IMHO they are looking at around 500-600,000 ozs of high grade gold on their first three Specs which will be open at depth for more gold. Along with about 20 other high grade targets. They are currently drilling the heck out of Green Spec to find out how big it is. Why is this stock still under 30 cents? with a market cap of around $15 million?
 
it is taking a lot of convincing it seems before the business community jump on board. the block of sellers at 28 cents may be contributing to the stalled sp even with great news.
 
One very interesting aspect of NWR's report put out yesterday is that a low grade bulk deposit has been drilled out adjoining the Green Spec vertical shoot system. This bulk system measures 750 x 130 m. and is a high grade antimony low grade gold system. Assuming that it is +50 meters deep and carries a total grade of 3.5 g/t that equates to + 1,376,000 ozs. Now add in the estimates for the three vertical shoot systems on the three Spec systems and we are IMHO potentially somewhere between 1-2 million ounces of gold in what is the first six months of drilling on these shear systems.

This is an amazing result and is indicative of the (IMHO) massive potential on the NWR leases. The stock is outrageously undervalued at current values. The MD of NWR owns a drilling company that is currently drilling the heck out of the three high grade shoot systems and is running an 18,000 RC drilling campaign that includes a drillout of the Green Spec open pittable ore section. Lots of very aggressive drilling data coming down the pike
 
Syd a very imformative article, this justifies my faith in this company.Keep it coming.
 
If it's that good we sould strip mine the whole area to 1000 meters....lol
 
I feel it won't be too long before the market wakes up to nwr . Then hang on to your hats.Dyor.
 
With the gold price headed in the right direction Nwr should get a wriggle on this week.Dyor.
 
stiger said:
With the gold price headed in the right direction Nwr should get a wriggle on this week.Dyor.
Click to expand...
Hehe i had a laugh at this, as from the day of posting each day the share stayed steady at .27c

More importantly does anyone know what happened to NWR today? After 5 days being steady at low volume, today saw a 9% increase with over 1,600,000 shares traded, which looks to be a record volume. NWR responded to the ASX price query saying they know nothing.

Anyone have any news? My complete speculation/hope is that perhaps some insiders have more knowledge over the JORC announcement that is due soon?
 
I still stand by that statement.Gold will be 700+us before xmas.imho
 
OH dear I think we may have another AUM on our hands....see you at $5+

Burp!...I make my best plays after a few boubons...lol
 
Broke out on Friday with a run to 32 on the highest volume in NWR's short listed history. Bought more oppies again. At 16 cents they are great leverage if you believe that they might be into the deliniation of a new high grade gold province. IMHO and as stated by Carmichael's gold analyst the very high grade vertical gold shoots may run very deep into the ground. He explains that the two old Spec systems may be capable of producing around 200,000 ounces of gold per year. Now NWR has drilled on four additional "new" Spec systems and has at least twenty more target Specs to drill on. They run in two parrallel lines and I think of them as "Lassiters Gold Teeth". IF it turns out that these new Spec targets are repeats of the mineralization contained in the first two Specs then NWR may be in a position to produce multiples of the 200,000 ounces per annum theorized in the Carmichael report.

NWR claims to be looking at around 1,000,000 ounces worth of gold on relatively shallow targets already drilled which is way under 10% of their defined targets. IMHO NWR is dripping with Spec potential.
 
Speeding tickets, trading halts, announcements, panic buying......I can't wait for it all to start happening......

200,000oz x $600=$12,000,000 p/a and doesnt even include the other mineral that comes with it( forget what it's called), WHICH YOU COULD SAY THE PROFITS OF WOULD COVER WORKING COSTS!

That means the profits p/a would be approximately the current market cap!

Am I dreaming this?
 
No, Pacer the number is US$120 million not $12. IN A$ that is around A$156,000,000 per year plus Sb credits. IF the other Specs carry high gold values NWR should get really interesting.
 
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