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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: LoneClone who wrote (77821)5/11/2022 3:30:14 PM
From: LoneClone1 Recommendation

Recommended By
onepath

   of 78405
 
TUO, IAU

We get a welcome update from Teuton Resources aka TUO and its JV partners that drilling has resumed on their Treaty Creek gold/copper project in BC's Golden Triangle. Given how protracted the cool weather has been in BC this spring, I was starting to wnoder if they would ever be able toget started, but apparently the temperatures haven't been as much below normal in that part of BC. Last year's drilling failed to find the limits to the mineralization in the already massive Goldstorm deposit -- hurrah! -- so they there will be more step out drilling to try to find those limits, as well as exploration drilling in the Eureka and Calm Before the Storm zones, so we can expect constant news flow.

Meanwhile, I continue to wonder if this will be the year Newmont buys Treaty Creek as well as Seasbridge's KSM deposit to combine with its recently acquired operating Brucejack mine located nearby.

Message 33838929

i-80 Gold aka IAU put out another PR late yesterday. This one concerned the initial drilling results from Ruby Hill, one of four gold mines in Nevada they will be bringing into (or back into) production over the next few years, in the case of Ruby Hill as an underground mine under the old pit on the property. The 50k of drilling planned for Ruby Creek will include both infill and step out drilling to support the company's plans to plan being to initially mine oxide mineralization from the 426 Zone and then deeper sulphide minerlaization once the Lone Tree autoclave is available to process it.

And the minerlaization is high grade. The featured results in this PR include 7.1 g/t Au over 78.6M including 10.1 g/t Au over 41.8M, as well as 7.0 g/t Au over 71.6M, 9.1 g/t Au over 24.7M, and 9.0 g/t Au over 18.3M.

Message 33838885

FWIW, Scotia has released a new analyst report on IAU, albeit one based on IAU's Investor Day presentations rather than the three PRs over the last two days themelves. Overall they saw the impact of what was discussed as Positive, although they are keeping IAU at Sector Outperform with a target of $4.75.
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