TUO, RRI, SNAG, KTN
Teuton Resources aka TUO and JV partner Silver Grail released drill programme into two prospects on their RAM prospect in BC's Golden Triangle.
At the Eastern Magnetic Anomaly, they found long intersections of up to 164m with low grade Au, Cu, and Mo indicative of a porphyry they says warrants further exploration. At the Western Magnetic Anomaly, drilling found narrow but higher grade vein style mineralization, e.g. 1.00m @ 3.64 g/t Au, 191 ppm Cu and 79 ppm Mo. plus 2.00m @ 0.43 g/t Au, 2,030 ppm Cu, and 225 ppm Mo and 4.10m @ 0.19 g/t Au and 2,226 ppm Cu. You never like to see ppm in assays, but again TUO says these are indicative of underlying targets.
I expect more exploration to be announced in due course.
Message 35390107
Riverside Resources aka RRI's year end update again presents a picture of how to operate a prospect generator. Usually they get by on selling properties and earning money from JVs, but a recently completed JV on good terms means they are even more cashed up than usual, with money to spend accumulating new prospects AEven after being around for years, theystill have only 93M shares out and remain debt-free.
For 2026 their gold are to explore and expand their Canadian gold and REE prospects, primarily in BC, They will also be collecting funds from QQQ as it continues to explore the La Union prospect in Mexico in which QQQ is earning 100% over a number of years. They will also continue exploration on their Cecilia project in Mexico, for which RRI is seeking partners. As well, they will continue to look for opportunities to expand their new portfolio of royalties, as well as looking for other properties and partnerships in Mexico.
Usually the way investors make money from holding RRI is by receiving shares in companies they spin out, such as CAPT and Blue Jay Gold, but in the wake of completing that PP RRI shares have been running, not that I am tempted to sell any at this point. However, I am getting a little tired of the waiting for Blue Jay Gold, which holds gold assets in Ontario and Yukon Territory, to get listed on an exchange.
Message 35389980
Silver North Resources aka SNAG set another multiyear high on the release of more drill results from its Haldane prospect in Yukon Territory. Haldane is located next to Hecla's producing Keno Hill mine, so it is good news that they have found more rocks that are analogous to those being mined just across the property boundary.
These are the last to be reported of the eight holes drilled this year to test the Main Fault. One was lost, but all the rest intersected Keno Hill style mineralization, with the feature intersection from this last batch being 2.80m @ 1069 g/t Ag, 1.41 g/t Au, 12.60% Pb, and 3.01% Zn within a larger 9.10m intersection of 428 g/t Ag, 0.73 g/t Ag, 5.26% Pb, and 1.73% Zn. Note the high gold values, also characteristic of the Keno Hill mine.
Main Fault mineralization has now been established 100m along strike and 150m down dip, with funding and facilities already in place to start the next drilling campaign as soon as the weather allows.
Message 35389928
Kootenay Resources aka KTN released assays from nine more holes drilled into its Columba silver project in Chihuahua, Mexico. They are now about 25% into the current 50 km drill campaign, with two more holes drilling and seven more in the lab. (They mention unusually high lab turnaround times.)
Four of the holes were 100m step outs along the D vein, and all hit good grades such as 14.83m (8.75m estimated true width) @ 135 g/t Ag, 0.1% Pb, and 1.1% Zn, including 4.5m (2.66m etw) of 232 g/t Ag, 0.4% Pb, and 1.6% Zn. The D Vein remains open in all directions, including at depth.
The other five holes tested the Lupe and B2 Veins, which are parallel and very close to each other. Again all holes hit good intersections, and they even encountered a previously unknown blind vein. Again, mineralization is open in all directions including at depth.
KTN also says they are expanding facilities at Columba so they can bring in more drills in addition to the two currently operating.
Like most silver explorers and the metal itself, KTN appears to be in a topping pattern. If they can continue to pull good grades, they might be able to ride out the coming correction in not too bad shape, and then rebound strongly if and when the silver price turns back upward.
Message 35385132
Saville continues to maintain that gold and silver and the associated stocks will soon begin multi-month corrections, probably this month. |
