TUO, KDK
I posted about a legal action between Seabridge Gold and Tudor Gold, one of Teuton Resources aka TUO's JV partners on the Treaty Creek project in BC's Golden Triangle, here is SEA's PR. Reading over it a number of times, I think it applies only to a small portion of Treaty Creek used to build the tunnels, but I have been wrong before. And even if I am right, not having access to these corridors will complicate exploration and development at Treaty Creek. As has been pointed out, this weakens the JV partners' bargaining position in any sale of the property.
Uncertainty, the enemy of investors....
Message 34363854
I tried figuring out exactly what part of Treaty Creek is affected by comparing a map from TUO's website with one from SEA's website. It looks to me like the affected portion is across the southern part of Treaty Creek, away from the deposits like Goldstorm and COpper Belle. But of course there might be logisitical/access issues which can't be ascertained from the maps, at least by me.
Here are the two maps.
teuton.com
ksmproject.com
Again, I welcome other eyes who might se things I don't.
Kodiak Copper aka KDK released the results of three holes drilled into the West Zone of their MPD Cu/Au/Ag prospect in south central BC, and they found a lot in those three holes.
First off, they confirmed long lengths of porphyry mineralization, extending the West zone from surface over an area of 300 metres by 300 metres and up to 819 metres depth, meaning West rivals the Gate zone in size and grade. But they also found some higher grade areas, including a gold rich zone with intersections like 5.14 g/t Au, 2.68 g/t Ag and 0.83% Cu over 2.1m and 8.29 g/t Au, 17.15 g/t Ag and 0.13% Cu over 0.8m.
But perhaps most importantly, for the first time on the MPD property they have found breccia minerlaization. At a number of BC's mines, such as Mt. Polley, Red Chris, and Copper Mountain, these breccias control the creation of the mineralized porphyries which form the majority of the mined ore, so this will be followed up with further drilling. In the meantime, we await the results of drilling in the Main zone.
Message 34363911 |
