FWZ, TUO, GOT, CCW
I originally starting buying shares of Fireweed Metals aka FWZ for their Macmillan Pass property in Yukon Territory. where they are drilling up a number of very prospecptive Zn/Pb deposits. Then they added the Grayd River Zn/Pb/Ga/Ge property just across the border in NWT, and then the MacTung past-producing W mine that adjoins Macmillan Pass.
Now it turns out they are also a gold explorer, thanks to Snowline Gold's recent discoveries a few dozen km north of Macmillan Pass, with a number of other companies also exploring for gold in the area. (Snowline's landholdings actually border the Macmillan Pass property.) Hence, FWZ has been able to identify a number of Carlin style Au targets in Macmillan Pass which will be investigated this summer. FWZ's focus remains the Zn/Pb deposits, but finding economic gold would be a nice bonus.
Message 34342062
Teuton Resources aka TUO and its JV partners released an update on the drilling programme on their Treaty Creek Au/Ag/CU project in BC's Golden Triangle. Five of the drills are working the main Goldstorm deposit, having great success with a number of 150m step outs that always seem to find more mineralization, with the sixth drilling on the recently discovered Perfectstorm zone, which in spite of Goldstorm already being so large, is demonstrating the possibility of making a substantial contribution to the overall resources.
I especially appreciated a map I hadn't seen before which shows how Perfectstorm is located only 3 km from SEA's Iron Cap deposit. Can you say 'synergy'....
Message 34342082
Goliath Resources aka GOT is really starting to piss me off. Last year's drill campaign, though it revealed all sorts of promising minerlaization, was a complete bust in terms of creating shareholder value because they put out PR after PR with no assays, which were only released months later. They need to stop putting out PR without assays and instead use the money expedite the assays, and only then put out a PR.
In the meantime, here's another PR with no damn assays...
Message 34342104
Canada Silver Cobalt Works aka CCW's main focus at their Castle property in the Cobalt region of Ontario has been drilling up deep-lying Ag/Co veins using the existing infrastructure from past-producing mines, but they have also instituted a stripping programme looking for minerlaization at surface. They had to take a break in the stripping due to wildfires but took the opportunity to prospect for gold nearby and came up with a number of mineralizated samples, including one with over 6 g/y Au. They plan to extend the stripping programme to to follow up this discovery.
Message 34342189 |
