EXPLORATION & DEVELOPMENT

'Impressive' Treaty Creek exploration wraps up

JV project in BC hits 336m at 1g/t gold

Staff reporter

This article is 6 years old. Images might not display.

The above-mentioned hole also included 87m at 2.006g/t; while another hit 78m at 1.145g/t gold, 11.2g/t silver and 0.21% copper.

Tudor president and CEO Walter Storm, who holds 42.5% of the company, said all 14 exploration holes hit their targets and returned very good results.

"The consistency of the mineralised intercepts from hole to hole is equally impressive," he said.

Tudor had reported the longest interval to date at the project in September of 1,081.5m at 0.589g/t gold from 117.5m.

Storm said further drilling was essential to fully define the system.

Tudor owns 60% of Treaty Creek, with both American Creek Resources (TSXV: AMK) and Teuton Resources (TSXV: TUO) holding free-carried 20% interests until a production notice is issued.

Mining investment identity Eric Sprott recently increased his stakes in all three companies, to 12.6% of Tudor, 8% of Teuton and 9.7% of American Creek on a non-diluted basis.

Teuton's share price has ranged from 10-65c over the past year and closed down 0.5c to 29.5c yesterday, capitalising it at $12.8 million (US$9.8 million).

American Creek was unchanged at 8c, towards the upper end of its 2.5-11c range, putting its market cap at $26.9 million (US$20.6 million).

Tudor lost 1c to 50c, near the middle of its 20-$1.07 range, valuing it at $66.4 million (US$50.9 million).

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

Expert-led Insights reports and Analytics tools built on robust data, rigorous analysis and expert commentary covering mining Risk, Projects, ESG, Leadership, and Investor Sentiment.

editions

World Risk Insights 2025 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 120 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

ESG Index 2025: Benchmarking the Future of Sustainable Mining

The ESG Index provides an in-depth evaluation of the ESG performance of 60+ of the world’s largest mining companies. It assesses companies across 10 weighted indicators within 6 essential ESG pillars.

editions

Leadership Insights 2025

Leadership Insights reveals key trends in priority mining issues through interviews with 15+ top mining company executives and an industrywide survey.

editions

Mining IQ Risk Analytics

Risk Analytics offers interactive access to World Risk Insight data, allowing you to customise risk views, benchmark jurisdictions, explore data behind scores and read expert commentary to guide your decision-making.