AZUMAH - Günstiges Gold aus Ghana

Heute neue Präsentation veröffentlicht:

www.azumahresources.com.au/documents/asx100218pres.pdf

 

Nachbar von Ampella (auf der anderen Seite der Grenze zu Burkina Fasso), die seit Monaten abgehen wie Schmied`s Katz.

Steht vor Resourcen-Update.

Handel funktioniert sogar in Deutschland recht ordentlich.

- Chinese consumption intensity lags other major markets substantially. If gold were consumed in China at the same per capita rate as in India, Hong Kong or Saudi Arabia, annual Chinese demand      could increase by 100 to 4,000 tonnes in the jewellery sector alone.

- Total gold investment demand in China has grown in line with the country's GDP and population during this period and WGC expects this trend to continue going forward.

- While China is the world's sixth largest official holder of gold, its gold reserves currently account for less than 2% of total reserves and, therefore, remain low by international standards. Even adding 10% from its current level would translate to an additional 100 tonnes of gold offtake.

- While gold demand is accelerating, WGC expects Chinese supply growth to be challenging in the medium to long term; and is likely to decline in the future.

- During the last decade, Chinese gold mining producers have stepped up gold production by 84%, however its known reserves account for just 4% of total known global gold reserves. Assuming these       figures are correct, WGC estimates suggest that China could exhaust its known gold mining reserves in six years from now.

- This supply trend is only likely to reverse if China, which is still relatively undiscovered in terms of global exploration budgets, were to attract significant capital investment for exploration.

Eily Ong, Investment Research Manager at WGC and author of the report, said:

"Our analysis confirms the potential for an increasing imbalance in supply and demand in China. Gold demand has already outpaced Chinese production growth since 1992, even before the deregulation of private ownership a decade later. However, our analysis shows that if gold demand were to continue to increase so markedly, domestic supply would be unable to keep pace. Whatever the outcome, China's outlook will almost certainly have implications for the global gold market."



mineweb.com/mineweb/view/mineweb/en/...amp;sn=Detail&pid=1

http://stocknessmonster.com/news-item?S=AZM&E=ASX&N=486197

ASX Release
Tuesday 6th April 2010

Azumah set to increase resources after more strong drilling results
Regional exploration program intensified in push to establish multi-millionounce gold inventory to support 100,000 ounce-a-year-plus production profile

�� More excellent drilling results pave way for maiden resource estimate at the Collette deposit including; 20m grading 7.43g/t gold from 76m (ACORC070)

�� Drilling underway to extend the interim 350,100 ounce Julie resource

�� Drilling underway to extend resources in 750,000 ounce Kunche-Bepkong district

�� Lycopodium appointed to scope Feasibility Study

�� Influential Canadian broker Clarus Securities puts Azumah on its global watch list
....

 

Meanwhile, gold production is widely expected to keep falling. Aaron Regent, president of Barrick, one of the largest gold producers pointed out last year that mine supply has dropped about 10% in the last decade. Also that ore grades have fallen 75% to 3 grams per tonne since the '50s.

The result is that global output is falling by about one million ounces each year. This confidence that we have already witnessed 'peak gold' and that prices go up from here is why all last year the big gold companies stopped selling gold cheaper in advance ('hedge books'), as it meant missing out on future profits.

Rising demand from the world's two biggest gold markets, at the same time that global gold production levels are falling. The powerful forces of supply and demand can spell only one thing in the long run - rising prices.

Our gold recommendations are all going to be pouring their first gold at different times over the next three years, perfectly in time to enjoy these rising prices.

Five months on the four stocks are up 28% on average. The star of the show is Azumah Resources (ASX:AZM), which is now up 76% after its resource upgrade to 1.1 million ounces. With much more drilling being carried out, I think it is just a matter of time before this figure increases further. Perseus (ASX  RU) is up 27%, and is having another crack at $2.00. I think this stock has way further to go in the coming months and years. Gryphon (ASX:GRY) has done well in the last few weeks and is now up 15%. Adamus (ASX:ADU) is the only stock pulling our stats down.
....

Beitrag von Fishhead06 aus dem HC

Azumah Resources :- A Gold Explorer in Northern Ghana.

There are several "junior" gold Companies with operations in West Africa and AZM is but one. It attracts little attention and has only recently begun an upward surge in Share Price,, Mainly due to the recent Drilling Results and the Upgrade of its resource base.

Most of the West African "GOLDIES" surged in Share Price today, based on a Rising Gold Price. However, AZM is still very Undervalued when compared with one AMX - Ampella Mining.

BOTH have a Resource Base of just over 1 Million Ounces ( AZM 1.1 Million and AMX 1.2 Million ounces Gold ). What makes these two more comparable is their close Proximity in a Greenstone Quartz Gold Bearing area. AMX is in Burkina Faso with AZM just across the Border in Northern Ghana.

Share Price AMX = $1.525 ( today )

Share Price AZM = $0.435 ( today )

As you can see, there is a significant difference in SP which leads me to conclude that AZM is VERY under valued by comparison.

Disclosure - I own Stock in both.

Hong Kong Investor Presentation vom 25.März10


www.stocknessmonster.com/news-item?S=AZM&E=ASX&N=485180

Azumah Resources (ASX:AZM) seems to be unstoppable! Less than a week after announcing a 46% jump in resources with its Julie deposit, it's at it again. Azumah announced this week it is 'poised to increase its 1.1 million ounce gold resource inventory after receiving more strong drilling results from its Wa Gold Project in Ghana.' This time it's from the Collette deposit. We don't know how big the resource upgrade will be, but the drilling results look promising, with some samples showing 20metres at 7.43g/t.

This is all from the last 40,000 metre drilling program. What is exciting is that there is another 40,000 metre program starting right now.

It has taken recent results for the market to pay attention to what Azumah has achieved, and we seem to be playing catch up now.

I must say I am confident that Azumah still looks undervalued and should be heading higher from here.
....

Da muss ihr doch glatt jemand während meiner mehrwöchigen Abwesenheit einen Schmatz verpasst haben..
Im Vergleich mit Nachbarin Ampella ( wie in #5 schön zu sehen) aber immer noch eher Aschenputtel als Dornröschen - erst bei nochmaligen 200 % sind wir auf vergleichbarem Niveau.
Und warum sollen die beiden nicht vergleichbar sein? Die bis heute bestätigten Resourcen ähnlich, die geologische Formation, in der exploriert wird, sogar die gleiche - An der Staatsgrenze zwischen Ghana und Burkina Fasa, welche das Arbeitsgebiet der Beiden trennt, kann es wohl auch kaum liegen?  :-)

Auch dem Schlußsatz des Autors von #5 kann ich mich anschließen:
"Disclosure - I own Stock in both"
:-)

-Boosted resources by 45% to over 1.1Moz gold after
addition of maiden resource of 350,100oz (4.9Mt at 2.2g/t
gold) from Julie deposit

- Completed 41,000m drilling campaign

- Reported outstanding drilling results from eastern and
western zones within 6km east-west Julie structure incl. 17m
at 4.38g/t gold from surface (incl 7m at 9.76g/t gold from 4m)

- Reported outstanding drilling results from Collette prospect
incl. 20m at 7.43g/t gold from 76m ~ maiden resource
expected in June Quarter 2010

- Identified several new mineralised, laminated quartz veins
additional to main Julie and Collette mineralised structures
with rock-chip samples returning up to 6oz gold per tonne

- Commenced new project-wide 40,000m RC and aircore
drilling campaign to increase interim Julie resource and
continue resources build-up

- Advanced Feasibility Study - on track for completion by end
of 2010 - appointed dedicated Study Manager and key subconsultants
and contractors

- Completed acquisition of licences covering Julie and
Collette deposits

“Passing the important one million ounce resource milestone is a
tremendous development and highlights the outstanding exploration
upside within our extensive 3,100 square kilometre licence area of which
we have only realistically explored in any detail less than 10%”

.....

stocknessmonster.com/news-item?S=AZM&E=ASX&N=488684

Boosted Resources By 45% To Over 1.1moz Gold After Addition Of Maiden Resource Azumah Completes Solid Quarter - Stephen Stone, Managing Director Fri, 30 April 2010 8:30am www.brr.com.au/event/65570/...fter-addition-of-maiden-resource

Thursday, May 6, 2010


Legendary Jim Sinclair known as Mr. Gold for his remarkably accurate timing regarding the gold bull market of the 70’s is the Founder of jsmineset.com and Chairman of Tanzanian Royalty Exploration.

Breaking Interview: On a day when the DOW closed down 430 points after falling 1,000 points and gold closed up $33 to roughly $1,210, Jim Sinclair was kind enough to spend some time making sense out of what is happening in the gold and equity markets for King World News listeners.


www.kingworldnews.com/kingworldnews/...0/5/6_Jim_Sinclair.html

im Sog von Ampella heute zweistellig nach oben.

How high could gold go? We will see. QB Partners, the fund managers, had a crack at calculating its intrinsic value 18 months ago by dividing the total Fed liabilities (US$2.5 trillion) with the official amount of Fed' gold holdings (8100 tonnes).

The figure came in at US$9500!

However this figure assumes total collapse of the dollar, and reversion to the gold standard. It is a worst case scenario price. But as the currencies of the world unravel, this number may increasingly become the gold price's centre of gravity as its drawn higher.

Yet it should be pointed out that these stats are 18 months out of date, and the Fed's official liabilities are much higher now, suggesting a far higher intrinsic value. If you then use the Fed's unofficial liabilities for the calculation then you could at least add a zero to the figure!

I also admire anyone trying to be bearish about the future of platinum group metals prices right now. As a precious metal during an inflationary phase, and as a small market with over-riding demand coupled with a limited supply, it is hard to see a fall in prices in the long term, although anything is possible.
....

Rudd's shameless plunder tax (RSPT) - week two

The resource sector is still reeling from the proposed Resource Super Profits Tax, and mining executives have dug in their heels for a good fight. BHP' Marius Kloppers criticised Canberra saying the tax would threaten Australia's reputation for having a stable regime. Overseas companies such as X-Strata which employ around 5,000 people in Australia see the tax as rocking the boat. Without future certainty in the fiscal regime it is pulling out of large scale copper exploration projects in Queensland.

X-Strata's move is testament to what the industry thinks of the proposed 30% exploration credit. It's like offering you a Tim-Tam to get you to the guillotine. The global exploration budget is not unlimited and the competition between regions is fierce.

Australia's share of the global exploration budget (for non-ferrous metals) has already fallen from 18% to just 12.5% in the last ten years. This puts us behind Canada with 16%, Africa with 15%, and Latin America with 26.5%. These funds are the seeds of the resource industry. A further fall in our share of the global exploration spend now would just serve to clip the entire industry's wings for the future. The Canadians have been particularly smug about Australia's potential own-goal.

The former head of The Minerals Council of Australia, David Buckingham, reckons that Rudd government still intends to get the tax through in its current form. I still think it highly unlikely that this tax will happen, and judging by the pickup in the Metals and Mining index this week, a few others have their doubts as well. At the very least, I expect the plan will be watered down.

I'm looking out for the results of the next political poll, and expect that it will have the capacity to move the markets when it is released. This is what we saw in the UK a few months ago. When the poll correctly predicted a hung parliament, the bottom fell out of Sterling. The entire currency fell, not just the markets. If a poll shows that Rudd has indeed cooked his goose, then I think we can expect to see the resource sector benefit.

I have received many amusing emails this week getting stuck into Rudd, and unsurprisingly not one email sticking up for him. This week's winner has to be the envelope full of bizarre photocopied pictures of Kevin Rudd in 'compromising positions'. You included no details, but you know who you are!

....

Beitrag aus HotCopper



Report not on website as yet so I'll just outline a few items we might not have seen already and for those who don't know, Black Swan is a highly regarded WA broking house...

*17Mt @ 2g/t for 1.1m oz atm

*Significant drilling activity identified new resources and targets for follow-up around the Bepkong and Kunche areas, including the new Aduane and Sabili targets.

*Further 40,000m drill program currently underway will test further extensions to Julie and Collette mineralised trends as well as examine Aduane, Sabili, Kunche West and possibly Bepkong north.

*FS due by end of 2010 will be expandable to 100,000 oz pa

*Future program and price catalysts include:
Maiden resource calc at Collette by end June
Drilling to test Julie extensions which are all open-ended
Follow-up drilling around Bepkong and Kunche
Aircore drilling program to test new regional brownfields targets

*Peer comparison:

-AZM 1.1M oz mkt cap $67M
-GRY 1.1M oz " " $133M
-AMX 1.2M oz " " $256M

*Buy rec based on achieving 1.5M oz in 12 months from end of March 2010 quarterly.

Ticks a lot of boxes IMO and I think we'll see ~1.5M oz for the next resource calc in mid-June by the amount of drilling being done.

Worth looking at the exceptionally high grade coming over long intercepts at Collette and note that continuous mineralisation exists between Julie and Collette.

Hope this sets it out a bit better for holders.

chick

www.hotcopper.com.au/...;tid=1173017&msgno=5371834#5371834


www.blackswanequities.com.au/home

Jetzt übertreibt Ariva aber:
Bei Threadbeginn stand Azumah irgendwo bei 0,14-0,15 €.

Mehr als karge 120 % erwarte ich auch gar nicht pro Quartal.
Man ist ja nicht unbescheiden..   :-)

I am also pleased to report that work in preparation for a maiden resource at the Collette deposit at the Wa Project is proceeding well. You may recall that recent results at Collette included 20m at 7.43gpt from 76m.

Meanwhile drilling is well underway to extend the interim 350,100-ounce resource at the Julie prospect and drilling is also taking place in the flagship Kunche-Bepkong district, where resources stand at 750,000 ounces.

The feasibility study for Wa is scheduled to be completed this year, with Azumah looking to establish a project which produces 100,000 ounces-plus a year with a long life.

Results of the various drilling programs underway will be released to the market as they come to hand.


Yours Faithfully

Stephen Stone
Managing Director


www.azumahresources.com.au/documents/rr100511.pdf

DRILLING EXTENDS EXISTING DEPOSITS AND
CONFIRMS MULTIPLE NEW TARGETS

Major Expansion Underway To Grow Wa Gold Project Resources
100,000m Of Drilling Scheduled For 2010

Highlights:
- Drilling confirms high-grade gold in newly identified, north-south quartz vein
intersecting main east-west Julie structure:
-3m at 30.19g/t gold from 7m (AJRC084)
- 2m at 81.35g/t gold from 32m (AJRC084)

- Drilling intersects more gold at Collette ahead of maiden resource estimate
- 18m at 2.95g/t gold from 77m (ACORC070)
- 4m at 3.11g/t gold from 54m (ACORC073)

- Drilling identifies new mineralisation immediately north of main Kunche deposit:
- 8m at 1.91g/t gold from 45m (KRC202)
- 5m at 1.59g/t gold from 60m (KRC205)

- Drilling identifies high-grade mineralisation south of current optimised Bepkong
open-cut perimeter:
- 6m at 8.98g/t gold from 58m and 5m at 2.98 g/t gold from 90m (BRC121)

- Substantial number of samples from continuing exploration awaiting assaying
and reporting in coming weeks

- Field team and infrastructure undergoing major expansion to support planned
100,000m 2010 drilling programme

- High definition aeromagnetic survey and extensive IP survey to commence in
June

- Stage One Feasibility Concept Study and Environmental and Social Impact
Scoping Study completed

“This latest round of drilling results highlights the excellent capacity to extend and
identify new resources at Azumah’s 3,100km2 Wa Gold Project in north west Ghana
where Azumah has only seriously explored less than 10% of the prospective area,”
said Azumah Managing Director, Stephen Stone.
“We expect to drill over 100,000m in 2010 in line with our key focus to substantially
boost resources from the 1.1 million ounces of gold we have already delineated.”
....


stocknessmonster.com/news-item?S=AZM&E=ASX&N=492626

soll uns die heutige Verwässerung versüßen, da man unbedingt neue Aktien zum Discountpreis an Amis verscherbeln musste.
Um den Kurs nach Wiederaufnahme des Handels zu halten, waren aber selbst diese interessanten Bohrergebnisse nicht süss genug..

unverändert, war also anscheinend ausreichend gesüsst..

stocknessmonster.com/news-item?S=AZM&E=ASX&N=493010

The drilling will be 2/3 aircore drilling in the Kunche / Bepkong regions, and 1/3 reverse circulation drilling around the Kunche / Bepkong regions and the very exciting Collette / Julie region.

The results of drilling at Julie gave the company a 40% resource upgrade earlier in the year. This got the resource figure over the magical one million ounce line, and caused a big jump in the share price.

Collette has produced stunning drilling results and the numbers are being crunched now – you can expect a resource upgrade at the end of this month.

With another 50,000 metres of drilling around projects that have given spectacular results already, I would say that significant resource upgrades from Azumah are just a matter of time. Infilling later this year should produce the first gold resource in the measured category by early next year.

The company raised A$11.6 million last week to pay for the step up in its drilling program. This went mostly to Toronto, where the shares were quickly snapped up by keen investors. I asked if there were any aspirations to list in Toronto at any stage, but Stone said this would just be a distraction to the primary focus of drilling and defining more resources.

But still Azumah looks cheap! On an enterprise value to resources figure it is the cheapest of all the West African gold stocks. All gold stocks in West Africa are getting a lot of attention and Azumah is the pick of the bunch on this basis. With a lot more drilling planned this year, the stock looks cheaper than ever.
....

Infos zu AZM
07jun10

www.buysellsignals.net/BuySellSignals/...Australia_pdf_274.pdf

AZM hat nun 15mio A$ Cash in den Händen und damit weiteres 40 000m-Bohrprogramm für 2010 gesichert!

Probebohrungen auf Kunche, Bepkong, Julie und Collette wurden abgeschlossen.
Ergebnisse sollen in den nächsten Wochen laufend veröffentlicht werden!


AZUMAH COMPLETES A$11.6M RAISING
TO GROW 1.1MOZ RESOURCE INVENTORY
North American institutions broaden share register

"Results from recent drilling due soon"

stocknessmonster.com/news-item?S=AZM&E=ASX&N=494883


Und ein informativer Beitrag aus dem HC:

AZM - Azumah Resources to my way of thinking, is a considerably undervalued Gold Stock in West Africa.

The Boardroom Radio Presentation that Stephen Stone gave last week at the Gold Coast Resources Showroom was one of the most enlightening and positive that I have heard for a long time.

Consider the PLUS UPSIDE after you Read / Listen to the presentation!

* EV lowest to peers

* Cash to drill the 100,000m programmed

* Comparative chart of peers and Steven Stone, himself, continually mentioned AMPELLA = See my post about AZM being undervalued by comparison to AMX.

* The Drilling results to come look very positive for AZUMAH

* Feasibility study appears to be well on track for release later this year.

Remember, AZUMAH is a couple of years BEHIND Perseus Mining in defining any resource base, as well as listing on the ASX two years after PRU = THINK comparison and do your own DUE DILIGENCE.

Yes!... I see only Upside Plus for this Goldie!

Fishhy

New zones of mineralisation found close to flagship deposits at Wa Gold Project
Aircore drilling program commences at Kjersti prospect
RC drilling continues at Collette

Azumah Resources (ASX:AZM) is pleased to report that drilling has confirmed two new zones of
mineralisation in the vicinity of the Company’s flagship Kunche-Bepkong deposits at the Wa Gold
Project in Ghana.

At Bepkong, an RC drilling program comprising 21 holes has confirmed a new zone of mineralisation
just 100m west of the main 212,000 ounce gold deposit. The mineralisation is north-south trending,
steeply east dipping and vein-hosted. (Figure 1 and Figure 2. Table 1 and Table 2).

Best intercepts (from 4m composited samples) include:
 8m at 4.06g/t gold from 36m (BRC157)
 4m at 3.03g/t gold from 28m (BRC154)
 12m at 1.67g/t gold from 24m (BRC155)

This most recent drilling was designed to follow-up a high-grade intersection obtained by a preceding
round of drilling in hole BRC121 (6m at 8.98g/t gold from 58m and 5m at 2.98 g/t gold from 90m)
(refer ASX release dated 28th May 2010 ).
....

stocknessmonster.com/news-item?S=AZM&E=ASX&N=496585

Resourcen-Update steht auch ins Haus!

Encouraging Results Continue From Wa Gold Project

�� More gold found at Julie deposit paving way for increase in the
deposit’s current 350,100oz resource
�� Maiden resource estimate at Collette deposit nearing completion
with recent drilling highlighting possible depth extensions
�� Drilling confirms mineralisation in structure trending south west
from Collette
�� Promising results from first pass drilling at Kjersti prospect
�� Further announcements imminent with more than 2,500 samples
awaiting assay
�� 20,000 line kilometre, high-resolution aeromagnetic and radiometric
geophysical survey completed

....
Collette
RC drilling to target the main east-west trending mineralised structure at Collette intersected further shallow
depth mineralisation and also demonstrated the opportunity for depth extensions, with best intercepts
including:
• 4m at 3.18g/t gold from 6m (ACORC198)
• 5m at 4.18g/t gold from 78m (ACORC208), and
• 5m at 4.43g/t gold from 119m (ACORC207)
These results will be added into the maiden Collette resource estimation which is nearing completion.....


stocknessmonster.com/news-item?S=AZM&E=ASX&N=503186

reagiert der Markt mal auf eine positive Nachricht  - war die letzten Wochen und Monate nicht unbedingt so.

Monday, August 30, 2010
Azumah Resources looks to boost gold resources at Wa Project

Azumah Resources (ASX: AZM) has reported that drilling has extended the known mineralisation at its Julie and Collette deposits and confirmed a totally new zone of mineralisation to the south west of Collette, located within its Wa Gold Project in Ghana.

The discovery of more gold at the Julie deposit is paving the way for an increase in the deposits current 350,100oz resource. The Maiden resource estimate at the Collette deposit is nearing completion with recent drilling highlighting possible depth extensions.

Drilling confirms mineralisation in structure trending south west from Collette and there have been promising results from first pass drilling at Kjersti prospect.

Further announcements are imminent with more than 2,500 samples awaiting assay. In addition, a 20,000 line kilometre, high-resolution aeromagnetic and radiometric geophysical survey has been completed.

Stephen Stone, managing director, said the latest results would strengthen Azumahs push to increase the current 1.1 million-ounce resource and the development of an initial 70,000 ounces a year gold operation.

The Julie deposit continues to exceed our early expectations and there is every likelihood that this resource will be increased, Stone said.

A maiden resource is now being calculated for Collette and Kjersti is showing early promise.

At the eastern end of the Julie trend step-out RC drilling, targeting multiple north-south trending mineralised quartz veins intersecting the main east-west mineralised structure, identified shallow high-grade mineralisation.

This has added some 100m strike length to mineralisation outside the existing preliminary optimised pit shell. This drilling also confirms that the Julie mineralisation remains open along strike in this direction.

....

www.proactiveinvestors.com.au/companies/...a-project-9664.html

More Gold Discovered Between Key
Kunche - Bepkong Deposits at
Wa Gold Project, Ghana

HIGHLIGHTS
- RC drilling intersects high-grade gold between the Kunche and
Bepkong deposits, including 4m at 38.9g/t gold from 104m
(BRC179)
- High-grade results from 300m south of the planned pit at Bepkong
- Strong results from shallow drilling mid-way between Kunche and
Bepkong
- Strong anomalism intersected by early stage, shallow-depth
reconnaissance aircore drilling at Nanga and Kunche South
prospects
- Over 1,500 samples awaiting assay

stocknessmonster.com/news-item?S=AZM&E=ASX&N=503690

Paydirt Africa Downunder Conference
Perth
1st September 2010


stocknessmonster.com/news-item?S=AZM&E=ASX&N=503947

10th September 2010
PERTH (miningweekly.com) – West Africa-focused Azumah Resources has added another 60 600 oz of resource to its Wa gold project, in Ghana, bringing the total mineral resource at its Julie-Collette district to 410 700 oz.
....

www.miningweekly.com/article/...es-to-ghana-project-2010-09-10

www.asx.com.au/asxpdf/20101019/pdf/31t6dgy9kz1kr0.pdf

 

Und die Ausgabe war nicht mit einem Discount, der den Kurs runterdrückt!

www.asx.com.au/asxpdf/20101021/pdf/31t88zrj7xcxtd.pdf

Eine wahre Goldgrube..   :-)

....
Azumah to drill 250,000 metres next year and develop its project

I also had a chat with Steven Stone, the MD of Azumah Resources (ASX:AZM) yesterday (in between coughing fits). The company has just raised $30 million to develop its 'Wa' project in Ghana, as well as really cranking up its drilling program. It has drilled 100,000 metres this year and now plans to cover 250,000 metres next year.

Azumah is in a hurry. Stone 'unashamedly wants to get it into production'. With a quarter million metre drilling program starting now, its development clearly does not come at the expense of exploration. The company has lined up an impressive team of people, including some of the most efficient drill teams in the region. With the number of gold hopefuls in West Africa to compete with, this is a solid achievement.

The 250,000 program will be from the two rigs there at present and a third arriving in January. The rain season has passed and the game is back on again. This target may seem lofty, but with well operated rigs on double-shift, it is quite achievable. It also has the right people driving the feasibility study. This is a good job as it is due in six months.

A target of two million ounces of mineable ounces of gold is realistic when the exploration program is complete, and production could well be as soon as 2013.

Most of the capital raising went to North American investors which is interesting. They know a good gold stock when they see one. Check out this report on the company website for a good run down on the state of play.

......

Aggressive drilling campaign starts at
Wa Gold Project to grow 1.2moz
resource base


Drilling to target shallow, high-margin gold close to proposed
Kunche-Bepkong open pits and new discoveries

100,000m of drilling to be completed by Christmas and a further
150,000m by June 30, 2011

New geophysics highlights mineralised trends and new target
zones

Excellent opportunity for resource upgrades and new
discoveries throughout largely under-explored project

Strong news flow over coming months with first assays
expected within weeks

stocknessmonster.com/news-item?S=AZM&E=ASX&N=511722


Das sind doch gute Aussichten für die Zukunft!

der zu erwartenden Ergebnisse gut.
Interessant ist z.B. ein Chartvergleich mit dem großen Nachbarn Ampella.
Da hat Azumah inzwischen die Nase vorn.

Ein Auszug aus der Präsentation, welcher das Volumen des Bohrprogramms verdeutlicht.

....
70,000m to date in calendar 2010……..
Planning 2010 / 2011:

50,000m RC – New target investigations,
delineation, resource extension, site
sterilisation

50,000m RC – Resource to Reserve upgrade

5,000m Diamond Core – Geology and pit /
site geotechnics

145,000m aircore - Reconnaissance and
new target testing

‘One of largest commitments by any junior
gold explorer in West Africa’
....

stocknessmonster.com/news-item?S=AZM&E=ASX&N=512112

From www.minesite.com/nc/minews/singlenews/...-ways-than-one/1.html

Item is very positive, discusses AZM's excellent track record, forthcoming mine, exploration potential and benefit of high AUS$ vs low US$.

To read the complete article, you will have to register, which is free.

If AZM follows along the lines of Perseus, we could be looking at a shareprice at multiples of today's.

MC PRU 162 million
MC AZM 1.3 billion

"Bang for your buck is a universally understand expression about getting value for money, and in north-west Ghana there is an emerging Australian goldminer that is achieving just that in more ways than one. Azumah Resources is finalising a feasibility study into its first mine, discovering more gold from a ferocious drilling campaign, delivering a higher share price, and doing it all from a steadily falling cost base. Management can claim credit for the first three feats. The falling costs are largely a result of currency changes which have seen Azumah benefit from the sharp rise in the value of the Australian dollar. We used to send money over to fund our exploration at an exchange rate of US55 cents (to the Australian dollar), now we send it over in the high US90s, said Azumah managing director, Stephen Stone. Thats made a huge difference to our drilling costs."

The Forbes Manhattan Conference
Dr. Martin Murenbeeld
November 4, 2010

Seite 13 ist interessant!

www.zerohedge.com/sites/default/files/...ealth%20On%20Gold.pdf

16th November 2010
TORONTO - Billionaire investor and philanthropist George Soros may be cutting back on his gold bets, but he says the precious metal still has some kick to it, as long as conditions like low interest rates prevail.

"The conditions for (high) gold are pretty perfect," he said during a speech in Toronto Monday evening to accept the Globalist of the Year award from the Canadian International Council.

"The big negative is that too many people know this and a lot of hedge funds are very exposed ... Gold has a tendency to go parabolic," he said, pointing at its tendency to fall as quickly as it rises.

....

www.miningweekly.com/article/...ty-perfect-for-gold-2010-11-16

The market wants to see exploration results extend the mine life in New Zealand and this is well on its way to happening. Another big catalyst will be the company's financial results improving on the back of the hedge book being closed earlier this year. We are seeing traction in the Philippines now, and news of this should get the market a bit more excited. The stock may be unloved at the moment, which is exactly the time to get in. The next twelve months look exciting, and one analyst has just put a C$6.00 price target on it - almost double what it is now.

Azumah, Gryphon and Perseus, our West African gold plays, have been busy. All three of them are up more than 100% from our entries. Don't be put off thinking they can't go any higher - because they can, and they will, over the next few months. I am looking forwards to drill results from the aggressive campaigns being conducted at the moment to support this, along with a stronger gold price to get everyone hungry for gold stocks again. To this end I am raising the buy up to price for the gold stocks this week.

Gryphon Minerals (ASX:GRY) has gone and snapped up more land in Liberia this week, to add to its big holding in Burkina Faso, and its recent move into Mauritania. These guys are hungry! Azumah Resources (ASX:AZM) is working flat out towards its BFS whilst exploring to increase its resource figures. Things are in overdrive here, so expect big news at the next announcement. JP Morgan took a big bite of the company this week. Perseus Mining (ASX:PRU) is the big boy of the bunch and is just a year from production in Ghana, and two years from Ivory Coast. These three are all heading firmly higher from current prices.

I have the next recommendation lined up for early next week, and I'll get the new gold recommendation to you as soon as I can after that.

www.commodityonline.com/news/...-tonnes-in-2010-34352-3-1.html

In particular:

"Gold investing has never been easier for Chinese households, as the government has begun to relax its control over the gold market. Most investment demand takes the form of gold bars and coins, but last week, the Chinese Securities Commission gave approval for the creation of China's first gold mutual fund, too."

www.resourceinvestor.com/News/2010/12/...with-Gold.aspx?k=gold

www.charlierose.com/view/interview/11330

www.azumahresources.com.au/documents/azm101215.pdf

Azumah's Wa Gold Feasibility Study Progressing Rapidly - Steve Stone, Managing Director

Monday, 20 December 2010 3:00pm


www.hotcopper.com.au/...;tid=1338941&msgno=6105128#6105128

www.brr.com.au/event/72532

stocknessmonster.com/news-item

Und mehr wird folgen!!!!

Multiple New Zones Discovered at Wa Gold Project

- Reconnaissance aircore drilling discovers promising new zone
of shallow gold mineralisation 2.5km south east of Kunche
deposit:
4m @ 1.44 g/t Au from 32m
and 4m @ 7.61 g/t Au from 44m

- RC drilling between the flagship Kunche and Bepkong deposits
also intersects new shallow gold zone:
17m @ 2.74 g/t Au from 30m (KRC 234)
17m @ 1.53 g/t Au from 19m (KRC231)

- RC drilling extends Bepkong mineralisation up to 150m beyond
preliminary pit limits:
6m @ 2.04 g/t Au from 36m (BRC182)

- Infill RC drilling confirms shallow thick gold zones at Bepkong:
17m @ 2.43 g/t Au from 19m (BRC197)

- Interesting base metal pathfinder geochemistry found in new
geological setting at Whuling prospect.

- Field team expanded substantially in line with increase in
exploration.

- Extensions to high resolution airborne magnetic and ground
based geophysical surveys scheduled to commence in early
2011.

- Strong results based news flow planned throughout 2011

stocknessmonster.com/news-item?S=AZM&E=ASX&N=521568

....
Azumah has completed over 30,000 metres of combined RC, diamond and aircore drilling since the commencement of the new season’s field activities in late September 2010. There are three drilling rigs presently on site (RC, aircore and auger) of which the RC and aircore rigs work double shifts. An additional two rigs (RC and auger) are scheduled to arrive early in 2011. Site staff, including the recruitment of an additional twelve
Ghanaian geologists, plus associated support infrastructure have been substantially increased accordingly.
The results presented in this release represent assays from the first batches of samples submitted for analysis, with more results expected to flow through shortly. Shareholders can therefore expect a steady stream of exploration results based news flow commencing early in 2011 and continuing throughout the year.

His main arguments were that; a) it's inert and doesn't do anything (accompanied with an excellent impression of a monkey bashing two gold bars together), and that; b) it doesn't pay interest. Both are correct.

But when did being inert stop something being valuable? Have you ever seen how much some mad punters spend on art? A few paintings have reached more than $100 million in recent years. Besides, being inert serves to protect gold as a long term investment. Plenty of gold in today's market was dug up by Greeks or Romans, and has been remelted a dozen times since.

As for interest, I don't much fancy the "risk free return" of US treasury bonds. Anyway, I think "return-free risk" is a better description for what you get. Either way the capital return on gold in the last ten years leaves the interest from bonds in the dust.

Furthermore, bonds aren't shiny. And they don't look nearly as good next to my guns in my mountain hut in rural Tasmania (Just kidding! It's in rural Victoria).

Gold is currently in a rally that has lasted ten years, and is showing no sign of slowing down yet. This is what it has done over the last thirty years. Thanks Murray from Slipstream Trader for this chart, and the fifty others he's sent me this year.

I'm no technical boffin, but I'm spotting a bit of a trend over the last ten years. Arguing against this is like arguing with gravity. Even during the GFC the price stayed above its 35 week average.

Of course, bubbles have happened before and trends have reversed. But until the dude that makes my coffee can tell me the gold price, I will sleep well at night in the knowledge that we are not in a bubble yet.

Something to look out for in the slightly nearer-term, is a seasonal gold price rally. On average the gold price does most of its work between September and February. So statistically we should be seeing further price rises for a few more months.

Averages can be misleading, of course. If you have one hand in liquid nitrogen, and the other in a red-hot fire, on average they are the right temperature. But if you look over a few years of gold charts you can see these patterns are fairly regularly.

This is because gold's two biggest markets are India and China, and a lot of buying is done on the basis of annual festivals in these countries. Chinese new-year is in February, and buying should continue til then at least. It's a nice touch that next year is 'year of the rabbit' symbolising caution and conservatism. With inflation looming as well, the stars are all aligning for good Chinese buying.

Demand is on the up, and for me the real game changer is this increased demand from China. Demand is already large, but has the potential to get much, much bigger. Particularly as the government continues to deregulate the market and encourage ownership. The Chinese historically have a cultural relationship with gold, and so with a whole tranche of newly wealthy middle classes being told it is good to own gold, they are taking to it like a duck to water. The potential effect of this latent demand makes it impossible for me to be bearish.

But the bottom line is that until we see some sensible currency management from Central Bankers, I will stay bullish gold. I saw a sticker on a hot-air hand-drier last week that read 'press here to hear a message from your local politician'. It took a minute for the penny to drop (it was Sunday morning). When i pressed the button I got lots and lots of hot air!

Funny - But I thought it could have read 'Press here to hear a message from the Fed Reserve'. Well, my favourite blast of hot air from the Bearded-One this year was this. Even he's not quite sure whether they are printing money or not! Feeling inspired by the most powerful institution in the world?

No? What to do about it then?

BUY GOLD!

Virginia Considers Gold as Alternative Currency for When FED Breaks Down
By Jason Hamlin, on January 10th, 2011


In what could be the financial shot heard around the world, the state of Virginia is considering the establishment of a joint subcommittee to study whether the Commonwealth should adopt a currency such as gold or silver to serve as an alternative to the currency distributed by the Federal Reserve System in the event of a major breakdown of the Federal Reserve System.
...

WHEREAS, many widely recognized experts predict the inevitable destruction of the Federal Reserve System?s currency through hyperinflation in the foreseeable future.
...


www.goldstockbull.com/articles/...ld-for-when-fed-breaks-down/

news.goldseek.com/GoldSeek/1296831844.php

Sehr guter Artikel

Heute aktuelle Präsentation erschienen

stocknessmonster.com/news-item?S=AZM&E=ASX&N=527983

Interessant ab Seite 24

stocknessmonster.com/news-item

Sydney reagiert mit + 14,5 %

24.03.2011, 15:11

Sorge um den Dollar

Utah macht Gold zum offiziellen Zahlungsmittel

Angesichts der ausufernden Staatsschulden misstrauen konservative US-Amerikaner ihrer Währung: Sie fürchten Inflation. In mehreren Bundesstaaten nutzen sie ihre Macht, um gegen die verhasste Zentralregierung in Washington und die Notenbank Fed vorzugehen.
....

www.ftd.de/finanzen/maerkte/...en-zahlungsmittel/60030278.html

More High-Grade Results Underpin Wa Gold Project

14m exceeding one ounce a tonne at flagship Kunche deposit

 Modelling of mineralisation to date has been very conservative
 Robust mineralisation clearly extends well below current planned Kunche and Bepkong pit floors
 Drilling to start soon at Julie deposit with expectation that the 350,100oz resource will be increased
 New Whuling and Konne targets being advanced
 103,000m of RC-diamond-aircore drilling and 1996 power auger holes completed since commencement of 2010-2011 field season
 More than 13,000 drill samples in lab awaiting analysis
 High-resolution 15,800 line km airborne magnetic survey completes whole-of-project coverage
 $32M working capital

stocknessmonster.com/news-item?S=AZM&E=ASX&N=536332

Beitrag aus dem HC

WOW.... 2 very positive things have happened for AZM in the last 24 hours...

#1 - United Nations envoy to Ivory Coast says the conflict in the country is over and incumbent president Laurent Gbagbo will leave.

#2 - Azumah Resources Limited (ASX: AZM) is pleased to report that it has received more outstanding results from infill drilling at its flagship 1.2 million-ounce Wa Gold Project in north-west Ghana providing further confidence this will lead to a resource upgrade in coming months ... Read more@:
www.mineweb.com/mineweb/view/mineweb/en/...tail&pid=102055
________________

#1 is the BIG news.. the political unrest created political risk for investors which saw the SP slide back from the high 70's to the high 50's - Even in the midst of some excellent drill results. The dissapation of this risk through the restored stability in the region with the instalation of the rightful elected leader should see the SP power back to 80c+ on this news alone.

Now Factor in #2 and the further confirmation of outstanding infill drill results - and they are outstanding - and again this should be relfected solidly in the SP over the coming months. Not to mention the other inportant snippets of info included in the announcement that should see investors loading up for the outcome of the Feasibility Study due for completion mid-year. Coupled with the fact that AZM has plenty of funds to see out it's agressive drilling campaigne through the end of 2012... I mean really .. you can only imagine what might be proven up if they continue at this rate and this leads me on to #3 which I've not yet commented on here but sould play a huge part on margin moving forward and future hedge positions.

#3 POG - Price of Gold - Most experts are calling for between USD$2000 to $5000 by 2015 The vibe is that there is a big move to Gold and silver which you would already be aware of due to a heap of factors including those listed here: www.ehow.com/list_6523762_10-reasons-invest-gold.html

__________

The Planets are alligning for AZM and I feel it might leap over $1 before the start of the new financial year and where it goes from there is anyones guess after the feasibility study is revealed.. I suspect it will follow in the footsteps of other big Wa plays and we know what that means. With POG set to sore while the price of digging it up stays the same, you'll see some massive margins appreaing on Gold Miner ballance sheets - particularly to low cost producers as AZM is teeing up to be - so my advise to you is to buy a much fatter wallet and get your friends set early because the big boys are going to be all over this as you can see by the volume that went through today.

GYGT CHOMP

Cheers
Louie

...
Great results from Azumah Resources and Gryphon Minerals

Azumah's share price had been drifting down for the last three months like most gold stocks, despite good results last month. This week's results were excellent and the chart is now looking very bullish.

It's good to remember that the company has been working flat out on a huge drill program and is on its way towards a DFS soon. 100,000 metres of drilling has been done. There are now enough drill samples waiting at the lab to give the people at the Laboratory a nervous breakdown.

A resource upgrade should be around the corner. This recent announcement will be the first of many this year. And it looks like Azumah has just started its next leg up.
...

Boardroomradio
07.04.2011

www.brr.com.au/event/78713

www.azumahresources.com.au/documents/rr110914-argonaut.pdf

www.stocknessmonster.com/news-item

 

Als wir die Hälfte davon hatten, war die Aktie das 6-fache wert..

Tz..

zu 0,018 EUR das Stück

Projekt in Ghana

www.miningweekly.com/article/...mineral-resources-to-25moz-2018-09-28