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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (78365)	8/16/2025 1:45:22 AM
From: onepath	Respond to of 78401

…a little more on TUO from Stockwatch daily gold summery…. Joseph Ovsenek's Tudor Gold Corp. (TUD) rose one cent to 61 cents on 439,000 shares. The company is seeking a permit allowing underground exploration at its Treaty Creek gold project in northwestern British Columbia. The permit would allow development of an underground ramp to access the high-grade Supercell One (SC-1) zone, after which underground drill stations would be excavated to allow definition drilling. Yes, there is a cost, but the move underground will ultimately reduce both the time and cost to properly delineate the zone. Mr. Ovsenek, president and CEO, is awaiting a key vote late this month at a special meeting of shareholders of Darren Blaney's American Creek Resources Ltd. (AMK: $0.125). American Creek's shareholders are expected to approve their company's friendly merger with Tudor Gold, which would boost Tudor's share of Treaty Creek to 80 per cent from the current 60 per cent. (American Creek's 20-per-cent sliver is carried to a production decision.) Mr. Ovsenek expects the merger to close in early September, which would leave just Dino Cremonese and his Teuton Resources Corp. (TUO) in the way of Tudor owning the entire Treaty Creek project. Teuton, which closed unchanged at 98 cents on 18,000 shares today, also holds a 20-per-cent interest carried to a production decision. One might logically expect Tudor to be stalking Teuton as well, but the market has not put a lot of stock into the notion. Teuton's shares did nose higher in June with word of the American Creek deal, but it nosed right back to where it was within a few weeks. Treaty Creek hosts a large resource at Goldstorm, a primarily underground deposit that in early 2024 was credited with 730 million tonnes indicated at 0.92 gram of gold and 5.48 grams of silver per tonne, along with 0.18 per cent copper. About 150 million additional tonnes were inferred at slightly higher grades. The calculation credits the mammoth Goldstorm deposit with 26.5 million ounces of gold, nearly 158 million ounces of silver and about 3.4 billion pounds of copper. And then there is SC-1, which began to emerge as a promotable target after Tudor Gold last prepared its Treaty Creek resource estimate. Last summer, drilling at SC-1 produced assays of up to 9.58 grams of gold per tonne across 13.5 metres in one hit, 4.25 grams of gold and 225 grams of silver per tonne in a second and nearly 6 per cent copper across 6.3 metres in a third. And so, it appears that SC-1 could provide a healthy addition of both tonnage and grade to the Treaty Creek project. © 2025 Canjex Publishing Ltd. All rights reserved.