Drilling is progressing on the Goldstorm zone with drilling highlights including 973m grading 0.85 grams per tonne including 217.5m grading 1.4g/t, its best intercept to date on the property. Initial drilling has yet to delineate the limits of the Goldstorm system and Tudor intends to expand the drilling programme up to possibly 35,000m from an original 20,000m.
Two additional drills have been mobilised to bring the total to four rigs. The Goldstorm system is currently estimated to be 850m long and at least 600m across. Treaty Creek is on-trend and 5km from Seabridge Gold's KSM project.
"We were confident that we could surpass our former best intercept of 1,085.1m grading 0.697g/t, but we never thought we'd find such a wide extent of mineralisation in the central-southwest portion of the system," said CP project development Ken Konkin.
"Given the excellent results obtained from the initial nine drill holes, we are very excited with the potential that lies ahead when we start drilling the priority northeastern portion of the Goldstorm target. Our commitment remains strong to publish a resource estimate at the end of this year," said president and CEO Walter Storm.
Shares in Tudor Gold are trading at C$2.63, valuing the company at $408 million.