ARK, OGC, SNAG, ODV, TUO
Kazakhstan explorer Arras Minerals aka ARK announced the initiation of an airborne geophysical survey across its Maisor and Aktasty properties, which cover 1397 sq km and are part of the Exploration Alliance with Teck. They surround the large operating Bozshakol mine, which is exploiting the same type of Cu/Au porphyry deposits that ARK is looking for.
This survey will be followed up by ground geophysics and trenching, and assuming good candidates are found, drilling.
Message 34747795
We have received further evidence of how well things have been going at OceanaGold aka OGC of late. In the wake of the return to full production at the Didipio Cu/Au mine in the Philippines, the IPO of part of Didpio on the Manila Stock Exchange, the sale of the Blackwater property in New Zealand, and high metal pieces helping its mines in New Zealand and the US, OGC has become a cash flow machine.
This has led to the announcement of a Normal Course Issuer Bid which is aimed at repurchasing and cancelling up to 5% of OGC's outstanding shares over the next year.
Add in the reinstatement of a dividend and how well the shares have been performing, and OGC has been an asset to any investment portfolio of late.
ca.finance.yahoo.com
I've been waiting for this. In the wake of a new name and a refocus on its Yukon silver properties, Silver North Gold aka SNAG has announced the inevitable share consolidation, in this case 1 for 10. I will wait until the dust settles after the consolidation before I make any decisions on what to do with my small holding, about to get effectively smaller.
thenewswire.com
As BC enters another bad wildfire season, one of the first areas hit is in the Cariboo gold mining area. Apparently a number of small mines have already suffered damage. Oisisko Development aka ODV's Cariboo gold mine has not yet been damaged, but ODV have evacuated all non-essential personnel and is hosting a firefighting crew in its camp facilities.
I sure hope the restored historical mining town of Barkerville survives. If you haven't been there yet, it is definitely worth a visit.
Message 34749442
When I noticed that the shares of Teuton Resources aka TUO were down significantly on big volume today, I started hunting for an explanation, and soon found a PR from one of its JV partners on the Treaty Creek project in BC's Golden Triangle. Tudor Gold announced they have fired the latest volley in a fight with neighbouring Seabridge over whether Seabridge will be allowed to build twin tunnels through part of TUD's claims at Treaty Creek, right through where TUD (un)fortunately discovered the Goldstorm deposit.
TUD keeps on saying they want to collaborate with SEA on finding a mutually agreeable solution, but SEA keeps on responding by pushing for a License of Occupation that will allow them to do what they want without regard to TUD's mining license.
The fight is now back in the hands of regulators. What will happen? Who knows...
It is noticeable that while TUD has been trending downward all week, third JV partner AMK's share price has barely budged, so I am guessing that a large shareholder of TUO got spooked and decided to sell regardless of the price. If I am right, this is a great buying opportunity if you think SEA and TUD will eventually come to an agreement.
The obvious solution is either for SEA to buy Treaty Creek or for someone else to buy both SEA and Treaty Creek.
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