|Teuton Gold aka TUO and its JV partners on the Treaty Creek Au/Ag project in BC's Golden Triangle released another set of drill results. These numbers covered 7 holes on the northern side of the Goldstorm deposit and steadily increased in strength as the drilling headed northwards, leaving Goldstorm still open for expansion in that direction. The results included the longest intercept to date at Treaty Crrek, 1320.0M @ 0.97 g/t AuEq in a hole that ended in strong mineralization. It is also interesting that Cu values are getting stronger to the north, and TUO president D. Cremonese also noticed that the minerlization is very similar to that which will mined by block caving at the nearby Red Chris mine.|
This set of deposits is turning into a monster.
It is interesting to note that Amarillo Gold aka AGC and its Brazilian gold properties are being bought by Hochschild for 40 cents a share. I sold my last shares of AGC many years ago for $1.12.
B2Gold aka BTO announced they had lowered their country risk by completing the sale of the Kiaka and Tooga Au deposits in Burkina Fasi to WAF.AX. (They did not put it that way, but...) There has been no further update on speculation that they are going to increase that country risk even higher than it was by acquiring gold assets in Zimbabwe.
In February prospect generator Riverside Resources aka RRI, which usually operates only in Mexico, announced they were selling a recently-stake set of gold prospective properties in the Geraldton-Beardmore Greenstone belt in Ontario to IMetals. Today they announced that the sale will not be competed, taking care to emphasize that the situation has changed since the sale was first trumpeted. Equinox and Orion announced the start of construction of the nearby Hardrock mine, while exploration has kicked up across the region. In the interim RRI has carried out more exploration, and I expect them to either bring in a JV partner or find another buyer.