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Tudor hits biggest gold interval at Treaty Creek

Tudor Gold (TSXV: TUD) has reported the “largest gold interval” to date from drilling at its Treaty Creek joint venture in British Columbia.
Tudor hits biggest gold interval at Treaty Creek Tudor hits biggest gold interval at Treaty Creek Tudor hits biggest gold interval at Treaty Creek Tudor hits biggest gold interval at Treaty Creek Tudor hits biggest gold interval at Treaty Creek

JV partners report the largest gold hit yet at Treaty Creek in BC

Staff reporter

It hit 1,081.5m at 0.589g/t gold from 117.5m, in a 150m step-out hole from a 780m intercept at the Goldstorm system grading 0.683g/t announced in July, which had sent the three Sprott-backed joint venture partners to share price highs.

Walter Storm-led Tudor is the project operator, with both American Creek Resources (TSXV: AMK) and Teuton Resources (TSXV: TUO) holding free-carried 20% interests until a production notice is issued.

Yesterday's headline intercept also included 301.5m at 0.828g/t from 200m, and 207m at 0.93g/t from 986m.

A second hole returned 838.5m at 0.725g/t, while four footwall definition holes extended the mineralised zone with intercepts including 493.5m at 0.566g/t.

"Not only does the Goldstorm zone remain open at depth and along strike, we are now seeing base-metal associations possibly as part of a zonation within the metal system," exploration manager Ken Konkin said.

Treaty Creek borders Seabridge Gold's KSM project and Pretium Resources' Brucejack operation.

Tudor shares spent much of the past year around the C30c mark and shot to a one-year high of $1.07 in August.

They last traded at 84c, capitalising it about $109 million (US$82 million).

Storm holds 42.5% of the company and Eric Sprott 12.5%.

American Creek closed down 1c to 9c, 2c below a 52-week high reached earlier this month, putting its value at $30 million (US$22.6 million).

Teuton Resources is at the upper end of its 52-week range of 10c-65c, gaining 7% to 53c to capitalise it about $23 million (US$17 million).

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