RE:RE:RE:RE:del norteThe ZTEM press release expressed the K Zone results in terms of g/t AuEq while the earlier info is in oz/t AuEq:
"The K zone, discovered in 2002, is situated at the southern end of the “A2” target and was trenched that year at 10m grading 13.54 g/t Au eq.*. Three holes into the zone encountered good gold and silver values averaging 31.1m of 5.83 g/t Au eq., 32.9m of 6.69 g/t Au eq. and 23.4m of 10.90 g/t Au eq. (true widths have not been determined). The zone is unusual and unlike the LG Vein lies wholly within sediments. It is a quartz-carbonate-sulfide cemented breccia containing pyrite, sphalerite, galena, tetrahedrite and electrum."
If two of the K Zone holes were not fully drilled, but there were still good mesothermal indicators for all three holes, I'm even happier.
The higher end LG hole was also very interesting of course.
If Goldstorm has economic gold resources it won't matter if the grade is nearly as low as Iron Cap. Either way Goldstorm would become part of the KSM project. Either Seabridge would take it over to control the tunnel path and mine gold closer to the processing facilities, or Tudor would cut a deal to mine the gold and send it to Seabridge for processing through the tunnel. Either option makes both Seabridge and Tudor projects more efficient.
I would hate to see a $5 million drill program for Teuton this year. It would mean that an investor came in with another $4 million. Teuton is so undervalued right now at $7 million - we'd have to give up 1/3 of the company if $4 million in stock was issued, or too much value in properties if the money came in from an optionee. At the current price I'm not interested in seeing any vultures show up to take a big stake at 20 cents. Sprott's investment in Tudor was only $1.5 million and he got 5% of the company with warrants for another 5%. That's really short money for someone like Eric Sprott to take advantage of a low market cap stock that has a good opportunity like Goldstorm.