TUO, IPT
Before I get started, I will mention that both CEE and IAU recently hit 52-week highs. I expect more good things from both in 2023.
And now an apology. I missed the latest PR from Teuton Resources TUO when it came out a few weeks ago, but in my defense it is only a review of the last two years of drilling at the Treaty Creek with nothing new that I could see
Here's my favourite sentence in the PR. "Despite drilling over 70,000 m at Treaty Creek since the initial mineral resource estimate, the Goldstorm Deposit remains open to the south, north, northeast and at depth." In other words, we already have a monster but it has the potential to get much larger. But that's not all; they have defined three more bilk mining targets, and I am also excited about the new high grade copper and gold discoveries, particularly Route 66, which could considerably improve the economics of the overall project.
We will get an updated resource Estimate around the middle if 2023, and there will also be another large programme designed primarily to try to find the limits of Goldstorm but also to further define the other targets.
Message 34141321
Impact Silver aka IPT still isn't managing to make much profit from their mines and mills in the Zacualpan area in Mexico, but at least they are finally investing in more exploration on their land holdings which are dotted with old workings. The drill programme they are reporting on found two significant targets which will be followed up on: La Luz, where silver values in the veins exceed 200 g/t; and San Antonio, where they came up with zinc assays over 5% to go with similar silver assays.
IPT also tells us they are planning a 'large drill programme' in 2023, so perhaps they will be able to find some new sources of feed for their mills.
Message 34141360
Saville thinks gold looks like it is now in the same position it was four years ago, and opines that the 2-year correction is now complete and we have embarked on an intermediate term advance. He remains firm that gold will hit much higher prices this year, albeit perhaps with a preceding dip. |
