| | | Yesterday’s stockwatch gold report also did a little blurb on TUO SVG and GOT…
Dino Cremonese's Teuton Resources Corp. (TUO) rose six cents to 98 cents on 156,000 shares. The company has begun drilling on its Ram property, also in the Golden Triangle district of northwestern British Columbia. The work, the company says, will focus on two mineralized zones discovered last year that exhibit characteristics of both porphyry and volcanogenic massive sulphide systems. Teuton, and Mr. Cremonese's Silver Grail Resources Ltd. (SVG), have jointly owned Ram for at least 30 years, but progress has been slow at best.
That may be changing, if for no other reason than Ram runs from north to south like a hairline fracture in Goliath's expanded project area at Golddigger. Indeed, Mr. Cremonese touts his two companies' land position in the area, staked a generation ago, as appearing as "strategic islands" within Goliath's land position. They do, although those islands are a long sail from Surebet, as Goliath's land position now dominates the southern vertex of the Golden Triangle, with Surebet in the south, and Ram, well, not so south.
No matter: Teuton and Silver Grail have encouragement of their own at the two sites to be drilled -- Malachite and Mitch. The former, first noted a year ago as a 400-metre-long -- and open -- outcrop of porphyritic rock, and the latter, to the southwest, with its abundant veins, veinlets and en echelon stringers, produced encouraging grab sampling assays last year. One at Mitch returned 7.01 grams of gold and 3.58 grams of silver per tonne, along with 0.11 per cent copper, while one of the Malachite samples assayed at 2.33 grams of gold per tonne and 5.78 per cent copper. Silver Grail followed Teuton higher today, adding 4.5 cents to 16 cents on 190,000 shares. |
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