TUO, WRLG x 2, ARK, KRR
Teuton Resources aka TUO released a double barrelled PR.
The first section concerns the final three holes from this year's drill programme at the Treaty Creek JV in BC's Golden Triangle. This year's drilling mostly involved the discovery of what they are calling SuperCells, gold-rich domains that promise to improve the economics of the Goldstorm deposit. With the discovery of a fourth gold-rich zone yielding intercepts like 1.01 g/t AuEq over 200.50m (0.92 g/t Au, 2.69 g/t Ag, 0.05% Cu) Including: 2.18 g/t AuEQq over 21.00m (1.95 g/t Au, 2.92 g/t Ag, 0.17% Cu), as well as 9.60 g/t AuEq over 13.50m (9.58 g/t Au, 0.44 g/t Ag, 0.01% Cu), the SuperCell zones now encompass an area measuring up to 800m in length by 400m in depth.
These discoveries have completely changed the focus of exploration at Treaty Creek. For years the stated purpose of drilling at Treaty Creek was to discover the limits of the Goldstorm deposit. Now they are saying thy may never uncover the full extent of Goldstorm; rather they are going to concentrate on enlarging the Su[erCell as well as going back through previous drilling to see if there is evidence of other similar gold-rich domains.
TUO also released an update from the nearby Del Norte property, which has been JVed with Decade Resources. 11 holes were completed this summer testing the K Zone, which is gradually emerging from beneath retreating glacier. Asaays are pending.
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Today we got two PRs involving West Red Lake Gold Mines aka WRLG.
The first brings us new definition drilling results from the South Austin zone on their Madsen Mine property. They are focusing on closer spaced drilling within known zones of mineralization in order to avoid the inconsistent production results which drove previous owner Pure Gold into bankruptcy. Their confidence in South Austin as a profitable source for ore will be bolstered by assays like 3.12m @ 37.09 g/t Au Including 0.62m @ 174.28 g/t Au and 0.5m @ 10.74 g/t Au.
And as a bonus, they also discovered a new footwall zone beneath South Austin which will be followed up later. Drilling continues apace.
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I also came across a link to a half hour, supposedly unfettered episode of a half hour reality show episode focused on WRLG. I have not watched it myself; let us know what you think if you watch it yourself.
ca.finance.yahoo.com
Arras Minerals aka ARK released an update on exploration at its Bozshakol properties in Kazakhstan, which are part on exploration alliance with Teck which is trying to find more copper/gold porphyries like that being mined next door by Kaz Minerals. The difficult part of exploring these properties is that they are covered by 10-40 metres of post-mineralization material, so the partners have been drilling using KDK, a technique designed to extract samples from bedrock buried under this kind of cover. We'll know more when the assays arrive.
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And for anybody who is wondering what happened to Paul Andre Huet after Karora Resources aka KRR merged with WGX, Eric Sprott has arranged for him to end up running Americas Gold and Silver aka USA. This will be quite the assignment, given that USA has been a dog for years.
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