RE: No love for TUO You conveniently left out the Clone property which has high-grade gold. We'll see what can be recovered there this year. This is from the TUO website:
In 2010 a bulk sampling program was commenced on the Clone property in the high-grade portion of the H-1 zone. A total of 34 samples taken from the one-ton lots comprising the 2010 Clone bulk sample have been received and returned an average grade of 68.65 g/t gold. A much larger bulk sample is planned for the 2011 season.
Combined with an earlier bulk sample which returned 7.2 tons grading 124.23 g/t gold, 41.2 tons have now been collected averaging 78.37 g/t gold, or 2.29 oz/ton gold. A much larger program, aiming at 400 tons, is planned for 2011.
Then there's the Hunter Dickinson deal for Tennyson. They like the property enough to launch a serious exploration project there with six million dollars or more earmarked for exploration. Oh, by the way, Elucido, how's that Electrum working out for you guys?
And then, of course, there's Treaty Creek, which will remain dormant until the litigation is resolved. But Treaty is Teuton's claim. And it is my belief that Teuton will retain the lion's share (or all) of the property and, at worst, have to surrender an as yet unknown percentage to AMK. For the umpteenth time, that's up to the court; not "Justice Saldo" or "Counselor Elucido."
Happy holiday weekend to you all.
RR