SKYG haltedCould be very good for TUO ond SVG. I revisited the TUO website showing all the properties TUO is involved with. It's more impressive than I remembered.
About the Clone project
The Clone property is situated approximately 20 km southeast of Stewart, B.C., and 15 km south of the advanced Red Mountain project, owned by Ascot Resources Ltd., located in the southern portion of the Golden Triangle.
The Clone property has previously (1995 to 1997; Teuton Resources Corp. and Minvita Enterprise Ltd., financed by a major, Homestake Mining Corp., and Murray Pezim's flagship company, Prime Resources Corp.) returned high-grade diamond drill intercepts from multiple mineralized zones. Years of receding snowpack, known as ablation, have revealed many new targets.
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From the TUO site:
In 2017, Teuton, Silver Grail and Makena optioned the Clone property to Sunvest Ventures (now called Sky Gold Corp. (“SKYG”). Sky Gold agreed to issue 5,000,000 shares and pay $200,000 cash to Teuton/Silver Grail, collectively, over a two year period. Work commitments totaling $1.95 million are also to be carried out over three years. Teuton/Silver Grail, collectively, will share a 2% NSR, one-half of which can be repurchased for $1.5 million. Should Sky Gold default on the option agreement, Teuton/Silver Grail will receive their interest in the property back and also have an option to purchase Makena’s 50% original interest for $100,000.
https://teuton.com/properties/clone-property/