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Bullboard - Stock Discussion Forum Aris Mining Corp. T.ARIS

Alternate Symbol(s):  CLGDF | T.ARIS.W.A | ARMN | N.AMNG.NT.U

Aris Mining Corporation is a Canada-based company, which is primarily engaged in the acquisition, exploration, development and operation of gold properties in Colombia, Guyana and Canada. The Company operates the Segovia Operations and Marmato Mine in Colombia. The Segovia Operations are located 180 kilometers (km) northeast of Medellin in the Segovia-Remedios mining district of Antioquia... see more

TSX:ARIS - Post Discussion

Aris Mining Corp. > Drilling News This AM: Very high grade, but narrow veins
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Post by BuenaSuertaAtod on Jul 12, 2021 8:16am

Drilling News This AM: Very high grade, but narrow veins

Gran Colombia Gold Discovers Two High-Grade Veins at El Silencio Mine 12 Jul 2021 07:24 ET

07:24 AM EDT, 07/12/2021 (MT Newswires) -- Gran Colombia Gold (GCM.TO), which rose 1.6% on Friday, this morning detailed high-grade intercepts from the first 59 diamond drill holes of an infill drilling campaign at its El Silencio mine in Colombia, including mineralization from two new recently discovered veins.

Result highlights from the ongoing 23,000-meter drilling campaign include 137.44 g/t gold and 10.1 g/t silver over 0.56 meters in hole ES-GM-U51-20 from the newly discovered 1040 vein, and 93.19 g/t gold and less than 0.3 g/t silver over 0.54 meters in ES-GM-U51-U59-20 from the 1150 vein, another new discovery.

"With the discovery of two additional high-grade veins at the El Silencio mine, close to the mine workings currently in production, we remain confident that we will continue to expand mineral resources and add to the mine life for this operation," said Gran Colombia Executive Chairman Serafino Iacono.

Gran Colombia has three diamond rigs in operation at its Segovia property carrying out resource definition within the underground developments of El Silencio in a program that has another 13,000 meters of drilling to be completed in 2021.

Another seven rigs are in operation at the property, the company noted.

Price: 5.04, Change: +0.08, Percent Change: +1.61

Comment by Wayned52 on Jul 12, 2021 1:21pm
Just pointing out , each ton of that stuff is worth about $7200 . It would be impossible not to make a lot of money on this ore even with dilution . These grades are over the top .
Comment by CryptoMarkets25 on Jul 12, 2021 1:42pm
Well, GCM now has a clear direction by improving his reserves and generating cash flow.
Comment by fruitvale3067 on Jul 12, 2021 1:55pm
Gold grades are excellent, however narrow veins are difficult and more costly to mine mainly due to dilution. The key is the "Halo effect" around the vein. If there is lower grades of gold in the material directy next to the vein the less dilution. If there isn't any gold then much more dilution.  
Comment by Wayned52 on Jul 12, 2021 4:56pm
 The best idea is to stop announcing high grade results . Everytime they do down we go .  They have been mining the same narrow veins high grade system for years . The head grade has always been the same 15 to 17 grams . A few times they have blended lower grade developement ore and still had a very respectable 12 to 13 grams .  People don`t know what they are looking at. Stop ...more  
Comment by clubhouse19 on Jul 13, 2021 7:57pm
Actually the best idea is  to only trade stocks in the PM sector or hasn't it occured to you how targetted by the shorts this sector is and GCM is so easy a target considering the poor management unelss you like bleeding hands from a falling knife...if the stock can't do anything at these gold prices what are the chances down the road ??
Comment by kkkrrr on Jul 14, 2021 2:45am
its down because the summer-doldrums not because the results ...    letzt wait a few weeks ..the Toroparu-resource estimate will come and GCM will rise ... i expect wonderful results because the high-grade veins included in the new resource estimate...    production at segvia is good too, so nothing to worry about.....
Comment by Wayned52 on Jul 14, 2021 2:27pm
What shareholders have done to this company is a disgrace . Small minded , know  nothing speculators jump in and out of companies and ruin them . Just look at the people who appear and disappear on this board with comments that clearly show they are only here for a few days . That`s the way things work now . The reddit crowd . I hope Serafino takes this company private . It`s too good to ...more  
Comment by prem124 on Jul 14, 2021 8:08pm
Taking company private is not the answer. Gold stocks are down at the moment. Enjoy a bit of summer then come back in September.
Comment by Wayned52 on Jul 14, 2021 10:22pm
I`m living in all time record heat . It hasn`t rained since an abnormally warm winter . I haven`t been able to see across the street for a week because of forest fire smoke , it`s getting hard to afford groceries and gas but the Fed says there is no inflation . Climate change is a hoax . Yeah , everything is rosy with the world . I`ll enjoy summer . 
Comment by prem124 on Jul 15, 2021 10:04am
Wayned 52 you are fundamental value type of investor. Sometimes it is better to not check share price too often. Try to find something to enjoy. Life is not just about investing. I think turnaround will be around September.
Comment by Wayned52 on Jul 15, 2021 11:13am
Thanks for the tips on a happy life after I am nearing the end of a long happy one .  I am not concerned about the price . I am in very low .  I am concerned about the constant gang bang given to GCM , in my mind one of the world`s best run gold miners if not # 1 .  Take a look at Kirkland Lake and Yamana . Both up nicely today like yesterday .  
Comment by Wayned52 on Jul 15, 2021 11:20am
Just wanted to point out as well the selling today is very likely due to the divy payout . The type of people we get coming and going here have no clue about x dividend dates and think they need to wait till today to sell . Gold itself is doing very nicely .  I am sure September will be great for Yamana . 
Comment by clubhouse19 on Jul 15, 2021 12:19pm
Wayne Are you ever going to run out of excuses///looks like you are not as you certainly rationalize every move down as a fault of everything but the company's. You've been listening to sopr-anus for too long. 
Comment by various on Jul 15, 2021 1:40pm
Most of the people on this board are delusional like this. It's been "a great opportunity to add" for the last three, four years. It's always "this is a gem, should be worth three times as much." Yea, your little graphs and charts on your one screen in your basement office corner is absolutely right. The entire market must be wrong. Lol. Oh well.
Comment by tsoprano24 on Jul 15, 2021 3:16pm
Good to see outhouse is still cheering his lone position down. What a clown. Mad because he bought high and now makes excuses for his losses. Outhouse, go lay by your bowl. T
Comment by clubhouse19 on Jul 15, 2021 3:33pm
As usual..sopr-anus totally clueless  best you go treat that bloody hand from catching this falling knife for so long
Comment by Wayned52 on Jul 15, 2021 6:21pm
various , there is a good reason your reputation is only 11 and they are being pretty generous at that . Might be your mom who awards the score .  Get your mentor outhouse to explain naked shorting to you .
Comment by clubhouse19 on Jul 16, 2021 9:14am
Again with rationalizing and now with someboby's reputation even though the poster makes complete sense.. ... too funny wayne !!
Comment by clubhouse19 on Jul 12, 2021 2:19pm
Well I guess by your numbers they will only pull out material that has gold in it
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