Hi Kid1 (or is it kidl?)
Are you following TUO on SH at all.
I don't want to pump it but it's got to be worth taking a look at again.
There are a number of claims in the TUO stable.
Here's a recent post worth reading:
stockhouse.com
omniportent2
As almost all Teuton investors know, TUO has a large number of excellent properties. Some you have heard of, some you probably haven't -- yet!!!
Of course, the highest profile of these properties is TUO's Treaty Creek (partnered with AMK). Treaty Creek is just to the north of Seabridge's KSM (40 million ounces of gold + billions of pounds of copper) and Silver Standard's Snowfield (30 million ounces of gold and almost 100 million ounces of silver). Not only does Treaty Creek have monster deposits right beside it, but TUO just hit a gigantic 240 m gold intercept in their most recent drilling campaign. By the time the drilling is done later this year, Treaty Creek could be a company changing property with millions of ounces of gold. As an added bonus, the Seabridge plan to develop KSM requires a long tunnel to be dug right through the heart of the Treaty Creek property to get to the proposed mill sight. This makes a future deal between Seabridge (or any future owner of KSM) and TUO very likely.
What many Teuton investors didn't know until today (with the exception of a few die-hard types -- you know who you are) is that Teuton actually has Seabridge's KSM and Silver Standard's neighbouring deposit Brucejack surrounded to the south as well. The Teuton property to the south is called "High". Teuton has owned High for a number of years, but has never explored it. This was partially due to lack of funds, partially due to lack of a partner and partially due to the fact that glacier cover has only been slowly receding from the area (exposing new and interesting mineral potential). But guess what folks? High is about to go into high gear.
Why?
We can thank Silver Standard's excellent drilling campaign for our good fortune. Silver Standard just completed a technical report for their Brucejack deposit (it is actually a series of deposits that is already up to 9 million ounces of gold and 135 million ounces of silver) and by the luck-o-the-draw it appears the mineralization is trending directly onto the Teuton High property. Nice.
All of the deposits are running along the north to south Brucejack fault. See figure 3.3 on page 11 of the Brucejack technical study released in January to confirm this. Going from the north to south on the Brucejack property: the deposits go: "SG Zone" ---> "Shore Zone" ---> "Gossan Hill Zone" ---> "West Zone" ---> "Galena Hill Zone" ---> the "Bridge Zone" and "Mammoth Zone". Just to the south of the "Bridge Zone" and the "Mammoth Zone" is Teuton's High property -- right along the fault line!
In fact, the Brucejack property is looking so good that Silver Standard will be spending $10 million for their 2010 drilling program there. They will be drilling 24,000 m of core there this year. So, you might be asking yourself, what kind of interecepts has Silver Standard hit on Brucejack? How about this one from Galena Hill: "1.5 meters with uncut grades of 16.95 kilograms of gold and 8.7 kilograms of silver per tonne (4.9 feet averaging 494.3 ounces of gold and 254 ounces of silver per ton)." Talk about jaw dropping grades!!! Or how about this one from the Bridge Zone (right beside Teuton's High): "552 meters of 0.87 grams of gold per tonne (1,811 feet averaging 0.025 ounces of gold per ton), including 260 meters of 1.19 grams of gold per tonne (852 feet averaging 0.034 ounces of gold per ton)." Interesting yes?
I have said in my posts for several months now that Teuton has several blockbuster potential properties. Treaty Creek is obvious. Red Chris is obvious. Clone and Fiji also have monster potential. However, what has happened over the last few months with Silver Standard's Brucejack has put a new rising star on Teuton's High property. Once again Teuton is right next to and right on trend with a mega-million ounce gold/silver deposit. In fact, it seems like every time there is a major mineral discovery in this part of BC, Teuton is right there in the thick of it. That is because Teuton President and head geologist Dino Cremonese has been a one-man claim staking machine in the Stewart/Eskay area for 25 years! Therefore, Teuton has the goods. Shareholders have yet another opportunity for a home-run. While nobody can predict the future with certainty, I'm getting a strong feeling that Teuton in not destined to be a penny stock for much longer. With a float of only 34 million shares, TUO could easily be trading for $3 to $5/share by sometime in 2011. If more than one of Teuton's stable of prime properties turns into multi-million ounce deposit like their neighbours (Seabridge, Silver Standard and Imperial) have, then the sky is the limit. Stay tuned. |
