TUO, NTH, WSG
Teuton Resources aka TUO released news from one of its many 'other' properties in BC's Golden Triangle, specifically from the 50/50 JV with SVG on the Ram prospect. (SVG and TUO are also 50/50 partners on a number of nearby properties.)
Ram, which borders Ascot Resources' Red Mountain project, has been jointly owned by TUO and SVG for over 30 years, but only recently has glacial retreat opened up new areas for exploration. In the newly exposed areas, they have discovered two new zones of mineralization, Malachite Porphyry and Mich. Malachite Poryphyry contains a 400m length of, well, malachite based porphyry, while nearby Mich exhibits both similar and other types of mineralization.
Samples have been sent out for assay. The JV partners are planning additional mapping and sampling followed by geophysics and then drilling, each step contingent on results from the previous one.
Interestingly, the JV partners have created a dedicated website for Ram, which contains much more information and can be found here - ramproject.gold
For the original PR, visit here:
Message 34791373
Nord Precious Metals aka NTH released more details on its plans to reprocess tailings from its Castle Mine near Cobalt, Ontario. They have already produced silver bars and cobalt from waste piles outside the mine, and will also be collecting more high-grade 'waste' from inside the mine itself, and after processing all this material will use it as backfill paste to stabilize the mine.
NTH plans to release another NR when plans are finalized, and say they see this as a 'seasonal reprocessing programme', presumably when it is not winter.
Message 34791584
The Fletcher Zone at the Beta Hunt mine in Western Australia was at the centre of Karora Resources' plans to increase production, and judging from the latest PR from Westgold Resources aka WGX following the merger with KRR, it will be just as important to the combined entity.
The assays from the latest 8 holes drilled at the recently discovered Fletcher Zone at Beta Hunt were included, and drilling continues to find strong intersections like 4.00m @ 22.45g/t Au, 5.00m @ 10.95g/t Au, and 5.20m @ 10.13g/t Au. They also announced that they will be deploying two more drill rigs for a total of three. A measure of the scale of Fletcher is that even with more drills turning they do not envisage completing an updated Resource Estimate till the middle of next year.
Even as they drill Fletcher, WGX is also advanced a decline from the nearby Western Flanks Zone, already being mined, to access future production from Fletcher. I expect a plentiful newsflow just regarding Beta Hunt over the next year.
Message 34791648 |
