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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone6/20/2025 5:27:00 PM
1 Recommendation

Recommended By
onepath

   of 78402
 
TUO, OGC, Blue Jay Gold

Now that Tudor Gold has taken out parasitic JB partner AMK, the remaining duo, TUD and Teuton Resources aka TUO can concentrate on improving the economics of the Treaty Creek Cu/Au/Ag project in BC's Golden Triangle. To that end, they have begun a drill programme concentrating on enlarging the gold-rich areas which are becoming the economic core of Treaty Creek. Phase 1 will try to fill the gap between the recently discovered SC gold-rich structures and high-grade gold intercepts from earlier drilling.

Contingent on results, there will be a Phase 2 drill campaign, and at the end of the programme drill holes to support the access tunnel and ramp for which they are awaiting permits to begin construction. Once the tunnel is done, assuming Treaty Creek hasn't been sold by then, drill access to the gold-rich areas will be much easier, plus the tunnel could be used for future mining by whoever finishing developing the deposit.

Message 35170784

Don't get too excited if you wake up on Monday morning to find that your shares of OceanaGold aka OGC have tripled since today. They are doing a 3 for 1 share rollback to get the share price high enough to comfortably qualify for a listing on the NYSE. Mind you, that's not a given. According to the PR they are 'considering' a dual listing in the spring of 2016.

ca.finance.yahoo.com

Blue Jay Gold has been spun out by RRI to hold its Ontario gold properties (plus a recently acquired Yukon gold mine) but has not been listed yet. As my RRI shares are in a registered account, so are my Blue Jay Gold shares. This is a problem because BJG is currently a non-qualified investment, meaning I have 90 days to remove the shares or that account will lose its registered status.

TD tells me this leaves me with two choices of action -- sell the BJG shares or remove them from the registered account. But I am taking a third course of action for now, as I have a query in to RRI as to whether they expect BJG to achieve that registered status by the deadline. I will let you know any response I have received.
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