Exploration / Development > Resource-definition

Tudor Gold gaining confidence with the drill bit

Tudor Gold (CN:TUD) has come back to the market in 2018 with a bang, releasing assays from a step-out hole at its 60%-owned Treaty Creek project in British Columbia, Canada, that is starting to prove its gold mineralisation thesis.

Staff reporter

Exploration / Development > Resource-definition

Tudor Gold gaining confidence with the drill bit

Tudor Gold (CN:TUD) has come back to the market in 2018 with a bang, releasing assays from a step-out hole at its 60%-owned Treaty Creek project in British Columbia, Canada, that is starting to prove its gold mineralisation thesis.

Staff reporter

Tudor Gold gaining confidence with the drill bit

Tudor Gold looks to have set up camp in the right part of British Columbia

Treaty Creek is within BC's Golden Triangle, close to a number of past-producing mines and several potential new operations.

Tudor's 2017 drill programme - consisting of 27 holes to depths below 700m and step outs of 50m where topography permitted - was designed to follow the lead from a magnetotelluric geophysical survey carried out in 2016. This survey suggested mineralisation continued to the southwest of the Copper Belle Zone at Treaty Creek towards Seabridge Gold's (US:SA) Iron Cap deposit, hence the reason why Tudor's drill programme was plotted just 5km north of Iron Cap.

The latest hole has backed up the survey results.

A 90.5m interval cut 1.21g/t from just 24m depth, including a higher-grade portion of 70.5m at 1.47g/t. This drill hole was 110m south of another that averaged 122m at 0.97g/t, which was drilled uphill and at a higher elevation.

Walter Storm, the company's CEO, said the latest drill hole continued to "demonstrate the pervasiveness of this gold system, with excellent grades that are open at the south and north extensions".

The company is expecting more assays in a week's time from the 2017 programme, but is already thinking of drilling further step outs to the south, getting closer to the Iron Cap deposit.

This will then lead up to the definition of a mineral resource at Treaty Creek.

 

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