Value Microcaps Junior Miners

[Lone Clone]

TUO, IAU

Teuton Resources aka TUO and its JV partners have released another set of drill results from this year's programme at the Treaty Creek Au/Au/Cu property in BC's Golden Triangle. This time we get results from six holes drilled at the Perfectstorm zone, located about 2km from the Goldstorm deposit, where they have already declared a resource of over 21M oz AuEq (which will grow as the result of this year's drilling).

This new about Perfectstorm is very exciting. By orienting the drilling differently, they have found mineralization which appears to represent part of another large Au/Ag/Cu porphyry with higher grade Au/Ag overprinting. Given that the six holes cover a distance of over 1500m, Perfectstorm has the potential to become very large.

I invite you to read through the PR carefully, particularly the words of normally reserved Ken Konkin of Tudor Gold as he lays out what they have found. The market hasn't reacted yet, for some reason.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34466660

Nevada gold miner i-80 Gold aka IAU released its Q3 operating results. Most of IAU's efforts are currently directed towards developing the mines they will be bringing into production over the next few years, but we are already starting to see increased production.

Residual leaching at Lone Tree and Ruby Hill produced 4585 oz Au, up slightly from Q2, but IAU also started producing and selling ore from Granite Creek, shipping refractory ore to a third party for processing -- this will be brought in house once the upgrades to the Lone Tree facility are complete -- and selling over 16kt of oxidized ore for $4.5M.

In spite of the costs of the ongoing exploration and development work at multiple sites, they remain in solid financial condition with a cash stash of over $82M, albeit $44M of it restricted for now.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34467960

Saville reminds us that there is still about $100 left of the "Gaza effect' on the gold price, which will certainly be unwound by the end of the year. That said, the fundamentals for gold are improving, with the 10-year US TIPS yield having declined from its high of 2.52% to 2.32%, and more signs that the markets are starting to expect a recession rather than a soft landing.