January 17th, 2020 | 05:50 CET
GT Gold, Scottie Resources, Tudor Gold - in British Columbia's Golden Triangle
Table of contents:
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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.
Conflict of interest
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