January 17th, 2020 | 05:50 CET
GT Gold, Scottie Resources, Tudor Gold - in British Columbia's Golden Triangle
Table of contents:
"[...] Both the geology and the infrastructure around the project make for a very attractive cost structure. We expect to be able to produce at 50% of the current gold price. [...]" Bill Guy, Chairman, Theta Gold Mines Limited
Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.
Significant discoveries in the triangle
GT Gold is focused on precious metals exploration in British Columbia's famous Golden Triangle. The Company's principal property is the 100% owned 46,827 hectare Tatogga property near Iskut, where the Company has made two significant discoveries in 2017 and 2018 on its Saddle South and Saddle North prospects.
With a share price of CAD 1.12, GT Gold has a market capitalization of CAD 130 million.
Eric Sprott comes in at CAD 2 million
Scottie Resources is a newcomer and holds a 100% interest in the Scottie Goldmine property and has an option to earn a 100% interest in the Bow Properties and the Summit Lake claims adjacent to the Scottie Goldmine property. Scottie owns 100% interest in the Ruby Silver and Black Hills properties and has an option to earn a 100% interest in the Bitter Creek property that connects the Ruby Silver property to the Black Hills property.
At a price of CAD 0.24, the Company's market value is in excess of CAD 20 million. Canadian billionaire Eric Sprott recently acquired a share of approximately 11.5% from Scottie Resources in a financing round.
Focused on one region
Tudor Gold is also an Explorer with properties in the Golden Triangle. The 17,913 hectare Treaty Creek project, in which the Company holds a 60% interest, is bordered to the southwest by Seabridge Gold Inc.'s KSM property and to the southeast by Pretivm Resources Inc.'s Brucejack property.
The Company also holds a 60% interest in the Electrum Project and other interests. The Company's shares are currently changing hands at CAD 0.72 and the market capitalization is approximately CAD 105 million.
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