Tudor Gold drills 4.5 metres of 20.61 g/t gold at Treaty Creek in BC

Tudor Gold (TSXV: TUD) has delivered new, high-grade gold results from its 2022 exploration program at its flagship property, Treaty Creek, located in the heart of British Columbia’s Golden Triangle. The program began in early May, with 30,000 metres of diamond drilling planned.

The new drill results reported are from eight diamond drill holes, four of which were drilled at the Goldstorm deposit, and the other four in the Calm Before the Storm (CBS) zone. Seven of the holes were outside the 2021 mineral resource estimate area.

The best result came from drill hole GS-22-134 at Goldstorm, which stepped out on the 300H and CS600 resource area and returned 663 metres grading 0.83 gram gold per tonne and 2.07 grams silver. The hole ended 500 metres to the northeast from the 2021 drilling, well outside the existing resource. A high-grade interval of 25.5 metres of 9.66 grams gold and 1.23 grams silver contained a 4.5-metre enriched zone of 20.61 grams gold and 1.5 grams silver. The 25.5-metre interval contained 17 occurrences of visible gold and is interpreted to be either a continuation of CS600, or a separate intrusive stock that is genetically related to CS600.

Drill core at the Treaty Creek gold-silver project in British Columbia. Credit: Tudor Gold

Drilling was also successful in expanding the area of the DS5 domain. Drill hole GS-22-137, for example, returned 232.5 metres of 1.34 grams gold and 6.45 grams silver, including 60 metres of 1.90 grams gold and 7.88 grams silver.

Drilling at the newly discovered CBS system also provided positive results with numerous at-surface intercepts that ranged between 1 and 1.53 gram gold equivalent over 7.5 to 9.4 metres, with a deeper 79.5-metre intercept that graded 0.62 gram gold and 13.18 grams silver.

The remainder of this drilling season will be focused on the Goldstorm deposit, which remains open in all directions and at depth. Commenting on the upcoming drill plans at Goldstorm, Tudor Gold president and CEO Ken Konkin said: “We have stepped out approximately half a kilometre with outstanding and consistent results, and we will continue to drill step-out holes for 2022.”

The Treaty Creek project is situated 12 km east of the past-producing Eskay Creek gold mine in northwestern B.C. The property borders on Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM property to the southwest and Newcrest Mining’s (TSX: NCM) Brucejack gold mine to the southeast. Ongoing exploration at Treaty Creek property includes an aggressive resource expansion and delineation plan on several areas, including the Goldstorm deposit and the Eureka and Calm Before the Storm zones. 

The initial resource estimate for the project published in March 2021 showed measured and indicated resources of 815.7 million tonnes grading 0.66 gram gold per tonne and 3.6 grams silver, for 17.3 million oz. of contained gold and 93.4 million oz. of contained silver. Inferred resources were 311.7 million tonnes grading 0.72 gram gold and 4 grams silver for 7.2 million oz. of contained gold and 40.6 million oz. of contained silver.

Tudor Gold’s shares traded as high as $1.57 in Toronto on the news. The stock has a 52-week trading range of $1.14 and $2.70 and the company has a market cap of $286.5 million.