mr34
17 hours ago
Wow, still nothing but silence here… how’s the merger doing ???? Did the AMATEUR
CEO give another timeline?? You know like the Divvys ,Merry XMAS, 5 weeks, ETC….. I hear Sunnyland has been dead lately, why is that ? Over 2k “people” in there and only the same handful of cheerleaders talking in a vacuum…..Going into FEB now…..
TICK TOCK
gitreal
2 days ago
That XRF sure getting a work out. Yet another prospect with PGMs that the stupid miners forgot to analyze for. Sidney Resources acquires Silver Monarch property in Idaho
Published: 09:05 24 Jan 2025 EST
Sidney Resources Corporation - Sidney Resources expands portfolio with acquisition of Silver Monarch property
Sidney Resources Corporation (OTC:SDRC) has announced the acquisition of the Silver Monarch property, a 40-acre private patented site in Pony Meadows, Idaho.
The company said this strategic move strengthens its presence in the Warren District, a region rich in mining history, and includes the historic Silver Monarch mine, formerly the Keystone Mine.
The company highlighted the Silver Monarch’s mine legacy of high-value ore, with historical yields reaching up to $80 per ton when gold was valued at $19 per ounce.
Recent XRF testing has confirmed substantial concentrations of precious metals such as gold, silver, platinum, palladium, and iridium, highlighting its potential for scalable production, Sidney Resources added.
It is positioned on the eastern end of a vein structure within the company’s Warren project holdings.
The acquisition also includes access to five mapped vein structures and geological evidence suggesting extensions far beyond the current 130-foot shafts, creating opportunities for deeper exploration.
Sidney Resources plans to leverage historical data alongside modern technologies to maximize the site’s potential.
"The acquisition of the Silver Monarch is a pivotal step in advancing our Warren project," Sidney Resources chief operating officer Dan Hally said.
"This strategic purchase allows us to fast-track exploration and production on private land while leveraging historical insights to identify high-value opportunities."
Steve Dobson, Sidney Resources chief geologist, highlighted that Silver Monarch adds approximately 40 acres of strategically located deed patents, which will be crucial for future mine planning.
“The purchase is a great fit and will play a key role in the strategy to expand operations to the south-east part of the district,” Dobson said.
gitreal
7 days ago
Very little respect for private placement investors....he thinks they're all idiots that will fall for anything in the hopes their donations to the company will someday make them rich. REE, PGMs, laser mining, homer bucket metallurgy, meteorites, "green" mining, supersacks of "concentrate", gold that cannot be smelted, drilled, or assayed. They will eventually run out of things to throw at the wall.
Now on their second year of the meteor story......but at least they've finally toned down the PGM nonsense.
gitreal
2 weeks ago
It is pretty interesting stuff, and yes, the metals mined at Sudbury are not from the meteorite itself but were deposited as the result of magmatic activity formed by having a hole punched in the crust........that was a question I had when I started reading some of the articles I found.
If SDRC were a reporting, audited company, with P.Geo's willing to sign off on PRs, a meteoritic source for the mineralization would be more palatable, and worth consideration. But, there is so much shady stuff going on here, I assume every PR and every "filing" is suspect (to put it mildly). Sunnylands's involvement alone guarantees that it is nothing more than a P&D, share-selling scheme.
Remember when they announced the results of concentrate assays from their magical piles found out in the woods? The math was flatout wrong, and they never corrected it. Stuff like that is why no P. Geo seems to have an interest in putting their name on anything the company is involved with.
dave gruel
2 weeks ago
thanks for the education-- fascinating read. sounds like it wasn't what was deposited by the impact, but the impact energy itself that made the area unique. makes the thesis a little more palatable to me (ie, it's not the old meteor bits they're going to be mining, but the materials formed from the heat of the impact), but an N of 1 is pretty hard to hang your hat on.
in the meantime, we wait for assays and homer bucket sales. . .
gitreal
2 weeks ago
The last news on this is they are processing 5t/d now.
That's sheer, made-up bullshit. If it was true, and they've processed hundreds of tons, and filled many super sacks with concentrate....and yet not sold/smelted any of it???? These guys are still in the Homer Bucket version of make-believe mineral processing. And now they have a super-furnace to melt those pesky PGMs.....and yet can't come up with a single, certified, believable assay showing they have a molecule of PGMs in their ores.
This has the distinct odor of deception and lies. Very stinky.
gitreal
4 weeks ago
Fraud? How about spending an entire year promoting that their mine(s) contained PGMs, iridium, rhodium, etc. And after a year, not a single certified assay result to confirm it.
That's fraud.
Spending money on other things than what they raised it for would be harder to prove as fraud (because business plans change). Of course, if the money ended up in the bank accounts of certain undeserving individuals, or things were bought that had nothing to do with the business.....that would be fraud. Not saying that happened, but......
surrealistrader
1 month ago
To answer your question, it's basically a risk-free transaction for Scherrer, who not only receives the shares in exchange for the cash (a particular class of shares with particularly opaque and risk-averse terms,) but whose construction company is set to be the recipient of the funds he is contributing. Also, as said earlier, (further indicating favoritism) it "directly benefits the most influential shareholders of SDRC (The Lelands) who own the land that is being developed, who's interest is to keep this stock in a sustained cycle of buyer interest while the company's stock equity transactions funnel money to them and their association via the financing of development of the assets it owns and controls."
As an alternative to pursuing mineral reserves, a processing facility can generate revenue for this company beyond just feeding it with SDRC's ores. SDRC can contract out its use to other companies and producers in the region. I believe the motivation taking precedent here is to grow the value of the district, its economy, and the local real estate. Despite it being somewhat messed up from a public mining stock perspective, everyone on board with it seems to have accepted that proving the economic feasibility of whats underground is not the preferred way to achieve that end.