Goliath Resources aka GOT, who are exploring for gold in BC's Golden Triangle, remains very popular with investors. They announced an $11M finacing on Feb, 11, then increased it to almost $14M Feb. 22, and now they have added a further $88k on top. People are definitely expecting positive results from this year's exploration at Surebet.
ca.finance.yahoo.com
Last week i-80 Gold aka IAU announced the start of development at Granite Creek, the first of three underground Au mines in Nevada (along with an open pit mine) that will be coming into production over the next three years. Today we hear about the start of development of the second, located at McCoy-Cove, already known to host one of the highest grading gold deposits in North America, with reserves grading over 10 g/t Au. The have begun building a decline which will allow a major underground drilling campaign H2 and a feasibility study next year. As well, to run the project they have hired a veteran manager from Nevada Gold Mines, their partner on multiple projects past and present.
Message 33745161
We had two NRs from Teuton Resources aka TUO last week.
The first was an omnibus release catching us up on three separate initiatives:
1) TUO has acquired via a PP an approximate 8% stake in Sanatana Resources aka STA, citing poteital similarities between TUO and partner's Treaty Creek project and STA's nearby Oswegee Dome prospect.
2) TUO has puchased a large flat-lying property on the Granduc Mining Road which will serve as a staging area for multiple TUO properties in the area, and could be used to build a mill if the exploration yields enough fruit. (BTW, it is located next to the mill site from the old Scottie Mine.)
3) Most interesting of all, we get news on contemplated spinouts, setting the stage for what will happen with Treaty Creek. They mention that both of their JV partners have completed or are near to completing a spinout of their non-Treaty Creek properties before going on to say they are comtemplating a similar spinout themselves.
Message 33745196
A few days later, TUO released further results from last fall's sampling programme on the Swann Zone on its Harry project (located near that staging property they just bought). This is a JV with OPT and featured a headline assays of 285.4 g/t Au and 1872 g/t Ag, and 122.4 g/t Au and 1,949 g/t Ag. They also completed a very small drill programme, for which results are still pending. OPT seems very gung ho on Harry, so I expect this year's exploration programme to be very vigorous.
Message 33745231
I did some reading on Nicaragua over the weekend and as a result followed through on my decision to sell the Calibre Mining aka CXB shares I acquired in the Fiore Gold takeover because I am so disgusted with the political situation in Nicaragua. What makes it especially off-putting for me is that I was a strong supporter of Daniel Mendoza when he was leading the successful rebellion against the brutal American-backed regime which was then in power. Now he has become even worse than they were, sad to say.
(FWIW, with some of the money I bought a position in copper/molybdenum producer Amerigo Resources aka ARG, playing the copper bull for both capital gains and dividends.) |
