KRR, TUO, SSL
It's bonus time for Karora Resources aka KRR. While their Australian mining operation runs on regular gold and nickel deposits, once every few years at the Beta Hunt deposit they come across 'gold boulders', which they call coarse gold. They don't know the full extent of this occurrence, but it is directly below the Father's Day vein discovery, which yielded 30k oz of Au over a 10M strike length. These discoveries are not included in their guidance or financial projections, so if this new discovery is anywhere near that size it will add significantly to the bottom line.
Warning: gold porn is visible at this link.
Message 33966910
Teuton Resources aka TUO released an omnibus press release covering a number of its properties in BC's Golden Triangle.
First up, we hear about another six holes completed on the northeast area of the Goldstorm Au/Cy/Ag deposit on their Treaty Creek JV, with five of the six being outside the existing resource envelope. Perhaps the most promising assays came from a 280M extension of a previously drilled hole, which found a section that averaged 2.48 g/t AuEq including 0.82% Cu over 166M, with the strength of the mineralization, including silver, increasing with depth. All of the holes, which included stepouts of up to 225M, found lengthy sequences of higher grade minerlaiztion. This monster just keeps on growing.
Next up we hear about their JV with OPV on Harry, a nearby gold prospect. At this point geophysics as well as mapping and sampling are underway in preparation for coming drill aimed at the newly discovered Swan zone.
Finally, we hear that mapping and sampling is underway of four of TUO's 100%-owned properties, Big Gold, Eskay Rift, Pearson, and Tennyson exploring previously defined geophysical anomalies. They have been hampered by heavy snow cover this year but are hoping to be able to get enough work done to define some drill targets before winter closes in again.
Message 33966887
FWIW, BMO issued a new research report on Sandstorm Gold Royalties aka SSL, raising their rating to Outperform but reducing their target to $9. In their words, SSL is now ' the go-to name amongst middle-market royalty/streaming companies' after all the recent transactions. |
