| | | SIG, TUO, WEX, NTH
Sitka Gold aka SIG released assays from another 11 holes recently drilled at the Rhosgobel deposit on its RC gold property located in the Tombstone Gold Belt in Yukon Territory. Rhosgobel was discovered only last year but is already shaping up to be the third major deposit on RC Gold.
The featured intercepts include 156.9m of 1.00 g/t Au, including 94.0m of 1.41 g/t Au and 38.0m of 2.03 g/t Au returned in one hole, and 146.7m of 1.05 g/t Au, including 12.0m of 3.89 g/t Au in another. Gold minerlization at Rhosgobel has now been defined over a strike length of 975m, with another 15 holes still in the lab, as well as other holes from exploration targets.
Intersects like these pile up the Resource ounces at a great rate, something SIG needs to prove to the market to gain traction. As a bonus, tungsten mineralization has been observed in every hole at Rhosgobel, though more work is required to find out whether producing it as a byproduct is economic.
As well, we hear about the first two holes drilled into the May-Qu target, which is located at the edge of RC Gold outside the Clear Creek Intrusive who hosts the current Resources. Sampling and preliminary drilling has found Au/Ag mineralization which will have to be followed up by more exploration.
As usual, SIG did not get much response for these excellent assays, but at least the share price is back over the loonie mark.
Message 35382681
Teuton Resources aka TUO's partner on the the Del Norte property in BC's Golden Triangle released an update. Decade Resources has already earned 55% ownership and can increase that to 75% by taking Del Norte through to production.
In the past Del Norte has been characterized as an Au/Cu prospect, and that potential remains, but in this PR DEC is promoting it as an Ag prospect. I am disappointed that at thiis point no drilling is palled for 2026; trther there will be a programme of sampling aimed at extending existing targets along strike as well as new areas uncovered by melting glaciers.
Note this sentence -- "The sampling will include high angle personnel in order to test these zone". To understand why, dig up a picture of Del Norte. It is located near the top of a very tall very steep mountain, meaning they will have to find a great deal of high grade ore to make building a mine practical.
Message 35382654
Western Exploration aka WEX released the results of four more holes drilled on its Aura Au/Ag project in Nevada. The holes were designed to evaluate the down dip extension of the Saddle Resource along the Tomasina Fault, and were successful in finding epithermal mineralization up to 300m below Saddle along a 1.5 km section that remains open in all directions.
Exploration in 2025 identified an epithermal footprint measuring 7 km by 2.4 km, with the holes reported in this PR to be followed up by drilling more prospects. WEX probably needs to double their Resources to get any real traction in the market, so I hope they drilling goes well.
Message 35382562
Nord Precious Metals aka NTH continues its transition into a silver tailings processor by buying the Gawganda propery, located not far from NTH's Castle min and processing hub. NTH hasn't PRed the purchase yet, but looking on the vendor's website, the tailings on Gowganda have an Inferred Resource of 1.94Mt @ 47.5 g/t Ag, as well as other metals like, Co and Au.
The eventual cost of the property will amount to about $6M plus a 3% NSR, with over half the compensation deferred. The price seems a little high, but I am not privy to the derails. NTH saus they think they can start prodyction this year after qualifying for Ontario's expedited permit process.
Message 35381690
At this point Saville is of the opinion that gold and gold miners will likely make a new high before a significant correction begins. He sees silver as being in the process of forming a meaningful top, whether interim of multi-year remains to be seen. |
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