Results included 53.9m at 1.3g/t gold-equivalent within 155.5m at 0.82g/t Au-eq, in one of the first two holes drilled at the Calm Before the Storm (CBS) zone, previously referred to as the NEAA zone.

"The project now has four large geological targets that require extensive exploration and drilling, including the Goldstorm deposit which remains open in all directions and at depth," VP exploration and project development Ken Konkin said.

Tudor said the CBS Zone was 2km northeast of Goldstorm and on the same structural trend that hosted the Perfect Storm Zone (PSZ) and the Copper Belle-Goldstorm Deposit (CB-GS).

CB-GS has an initial measured and indicated 19.4 million ounce resource and an inferred 7.9Moz Au-eq, announced in March.

Treaty Creek borders Seabridge Gold's KSM project and Pretium Resources' Brucejack to the south.

Tudor owns 60% of Treaty Creek, with American Creek Resources (TSXV-AMK) and Teuton Resources (TSXV-TUO) each holding 20% and carried through to a production decision.

More than 50% of Tudor's shares are held by high-profile investor Eric Sprott and Tudor's president, CEO and director Walter Storm.

Sprott took part in an upsized C$15 million placement earlier this month which took his stake to 17.6% on a non-diluted basis.

The placement was priced at $2.10 per share and $2.50 per flow-through share.

Tudor shares (TSXV: TUD) are trading near the bottom of a one-year range of $1.94-$3.65.

Yesterday's close of $2.03 capitalises the company at $376 million (US$297 million).