TUO , SVG……comments taken from the stockwatch gold report….the reporter has a real sarcastic bite so take it FWIW..
The party hats were donned and the kazoos were buzzing in the offices of Dino Cremonese's Silver Grail Resources Ltd.( SVG), on word that the company's drilling on the Ram deposit, co-owned with Teuton Resources Corp. ( TUO), has produced what Mr. Cremonese, CEO of both companies, applauds as "significant visual results." Teuton rose three cents to $1.40 on 138,000 shares on the news, but Silver Grail leapt four cents to 25 cents on 396,000 shares.
No, there was no mention of visible gold, just a lot of geological prattling about eyeballing broad domains of hornfels, narrow porphyry dikes and -- pause for air here -- "a multiphase porphyritic intrusion with local moderate to strong potassium-feldspar-biotite-magnetite alteration overprinted by moderate to strong chlorite-calcite alteration and intervals with quartz-calcite-pyrite-chalcopyrite stockwork veining and blebby disseminated chalcopyrite."
Mr. Cremonese was duly encouraged that the inaugural drilling on the Ram property yielded the ballyhooed visual results from both of the chosen drill targets. The first three holes in the first target, he says, "showed a surprising increase in sulphide concentrations at depth" as they approached the center of the western magnetic anomaly. Given a high proportion of pyrrhotite noted in the holes, and the association between pyrrhotite and precious metal at the nearby Red Mountain and Surebet deposits, "we have reason to hope for associated precious metal endowment on the Ram," Mr. Cremonese concluded. |
