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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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From: LoneClone2/14/2024 2:02:24 PM
1 Recommendation

Recommended By
onepath

   of 78403
 
IAU, CKG, TUO

Nevada gold miner i-80 Gold aka IAU released another set of high grade drill results comprising the rest of the 2013 drilling completed in the Helen Zone of the McCoy-Cove property, which is expected to be the first area mined. Cove is already known to be one of the highest grade gold development projects in North America. a reputation further enhanced by intercepts like 14.4 g/t Au over 20.2m, 12.7 g/t Au over 24.4m, and 14.3 g/t Au over 8.0m announced in this PR.

Mineralization at Cove remains open in multiple directions, and I am looking forward to what they find with the latest drilling aimed at Helen and the Gap zone. Another interested part of this PR reminds us of the many barely tested exploration targets on the 15km by 10km McCoy-Cove property which will be investigated in due course.

Unfortunately these stellar drill results haven't kept the share price from crashing through support. The combination of the recently announced PP and the terrible market for junior miners has really hit the stock price. I just might have to buy some more.

Message 34569648

Mexican explorer/developer Chesapeake Gold aka CKG brings us news of their 'other' project, Lucy, located Sinaloa, where a drill prgramme last year discovered a 500m gold-bearing skarn corridor. Now we hear that a programme of metallurgical testing has yielded excellent recoveries of up to 97% of contained gold. CKG also announced that a new programme of drilling and trenching is underway to extend the skarn and investigate other targets on the property.

Message 34569669

Teuton Resources aka TUO's JV partner Tudor Gold released a new PR which was primarily an announcement of TUD establishing an 'at-the-market' equity programme -- glad it's TUD and not TUO doing this, as I do not like these programmes which essentially allow a company to spew out more shares at the prevailing market price whenever they feel like it -- but also contains a bit of sugar to make the medicine go down in the form of a review of 2023 drilling at the JV partners' Treaty Creek project in BC's Golden Triangle.

Among the accomplishments:
-extending Goldstone 250-350m to the north and northeast;
-established a number of higher grade gold-bearing areas both within and outside the Goldstorm MRE;
-established some areas with higher copper grades;
-found an area called SG-1 with much higher gold grades
-Goldstorm now measures 2400m in length, 1300m in width, and 1500m in depth, and it remains open to the south, north, northeast and at depth;
-and the new PSZ zone with very high gold grades was discovered between Goldstorm and the Iron Cap deposit 5 km away.

TUD also confirmed a new Resource Estimate for Goldstorm will be released Q1.

Message 34570943
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