Currently viewing Global edition

'Impressive' Treaty Creek exploration wraps up

Tudor Gold (TSXV: TUD) has wrapped up an “impressive” 2019 drilling programme at its Treaty Creek joint venture in British Columbia, with the latest results including 336m at 1.004g/t gold.
'Impressive' Treaty Creek exploration wraps up 'Impressive' Treaty Creek exploration wraps up 'Impressive' Treaty Creek exploration wraps up 'Impressive' Treaty Creek exploration wraps up 'Impressive' Treaty Creek exploration wraps up

Tudor Gold says more drilling is essential at Treaty Creek JV in BC

Staff reporter

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).