|Yesterday we had some not so great news from Teuton Resources aka TUO and Silver Grail about drilling on the JVed assets in BC's Golden Triangle. Assays from 4 holes on Konkin Silver encountered plenty of alteration but it was all pyrites with negligible PM content, while the hole on the Midas property had to be abandoned before reaching the targets. And due to winter closing in early, the drill programme on the Eskay Rift property has been postponed to next year.|
B2Gold aka BTO has revealed some news that makes it less likely for me to buy back in, that they are weighing the acquisition of gold assets in Zimbabwe, one of the most corrupt and chaotic countries in Africa. That would not be a good move IMO. They just managed to reduce their country risk by selling some assets, so why increase it again?
Gold is holding up pretty well today in the face of the recent failed breakout and the big down day on the markets. What's next? Who knows?