Tudor reported intercepting 354m averaging 1.215g/t gold-equivalent, within 1,225m at 0.702g/t Au-eq; and 345m at 1.078g/t Au-eq within 921m at 0.821g/t Au-eq.

"For a fifth consecutive press release, we have surpassed our best result from last year's drill hole programme (0.697g/t Au-eq over 1,081.5m in hole GS-19-47) with drill holes GS-20-83 and GS-20-94 as described [above]," VP project development Ken Konkin said.

The company finished a 50-hole programme at Treaty Creek last week and is waiting on results from the final 11 holes.

"Once we receive the final results from the last 11 drill holes, we will then pass the data to our resource engineers and geoscientists for an initial resource estimate," president and CEO Walter Storm said.

"Continued drilling is required for 2021 to locate the limits or edges of the mineralised system."

The company owns 60% of its Treaty Creek, which neighbours Seabridge Gold's KSM project and Pretium Resources' Brucejack mine.

American Creek Resources and Teuton Resources each hold a 20% interest, carried through to a production decision.

Tudor closed a C$4.9 million raising earlier this month at $3.40 per flow-through share, to fund exploration at Treaty Creek.

Its shares (TSXV: TUD) have ranged from 37.5c-$4.51 over the past year.

They closed down about 1.8% yesterday to $2.75, capitalising it at $467.7 million (US$367 million).