TUO, OSU
Teuton Resources aka TUO reported another set of outstanding drill results from the Goldstorm gold/silver/copper deposit on the Treaty Creek JV in BC's Golden Triangle., outstanding for several reasons.
First off, step-out holes continue to extend Goldstorm, interestingly finding higher copper levels such as 0.41% Cu over 87.0Mm that averaged 1.01 g/t AuEq (0.45 g/t Au, 6.86 g/t Ag, 0.41% Cu). As well, infill drilling continues to find what they call pulses of higher grade minerlaization that are often higher in silver, e.g. GS-22-146 cut 517.5M of 1.10 g/t AuEq (1.02 g/t Au, 4.17 g/t Ag, 285 ppm Cu) with an enriched, deeper portion averaging 2.64 g/t AuEq over 102M (2.48 g/t Au, 8.88 g/t Ag and 491 ppm Cu). Intercepts like that have the potential to make a lot of money for whoever eventually mines them.
As well, a number of holes at the nearby Eureka zone continue to flesh out that mineralization with intercepts like 46.0Mm of 1.05 g/t AuEq (0.89 g/t Au, 6.41 g/t Ag and 697 ppm Cu).
The monster just keeps on growing!
Message 33973364
You may recall I sold out of Orsu Metals aka OSU following the Russian invasion of Ukraine because OSU's assets consisted of a gold property in Russia. Not long after, they announced an RTO which will turn them into a helium exploration company. Now we get news that thanks to Western sanctions and new Russian laws forbidding the transfer of mining assets, they will likely get nothing for the gold property after their Russian subsidiary is forced into bankruptcy. Nevertheless, they are pushing forward with the RTO.
The lesson -- put Russia at the very top of your Avoid list, along with the likes of Ecuador and Bolivia and Uzbekistan.
Message 33973078 |
