TNM Drill Down: Top gold assays of the week Aug 4-12

Our weekly TNM Drill Down feature focuses on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.

Top gold assays Aug 4-12, as identified by Mining Intelligence.

This week’s best gold drill intercept comes from Tudor Gold’s (TSXV: TUD) Treaty Creek property in British Columbia.

On Aug. 11, Tudor announced it had re-entered hole GS-21-113-W2 and extended it 280.1 metres deeper, recording a continuous intercept of 1,497.5 metres grading 0.76 grams gold per tonne from a depth of 255 metres, for grade x width of 1,138.1.

The new, deeper portion of the hole averages 2.48 grams gold-equivalent per gram over 168 metres, with copper averaging 0.82%.

The company also reports that silver mineralization is also becoming stronger at depth within the CS600 domain.

Further drilling targeting the DS5 domain intersected 428 metres grading 1.07 grams gold-equivalent per tonne, including an enriched upper portion averaging 1.36 grams per tonne over 172.4 metres, in hole GS-22-139. 

The Treaty Creek exploration program includes an aggressive resource expansion and delineation plan for several areas, including the Goldstorm deposit and the Eureka and Calm Before the Storm Zones.

The Treaty Creek project is situated 12 km east of the past-producing Eskay Creek gold mine in northwestern B.C. The property borders Seabridge Gold’s (TSX: SEA; NYSE: SA) KSM property to the southwest and Newcrest’s (ASX, TSX: NCM) Brucejack gold mine to the southeast.

The week’s second-best intercept was from New Pacific Metals’ (TSX: NUAG; NYSE American: NEWP) Carangas silver-gold project, in Bolivia. The company said hole DCAr0044 returned an intercept of 514.9 metres grading 1.1 grams gold per tonne and 6 grams silver per tonne for a (gold-only) grade x width of 566.34.

According to the company, the assay results continue to expand silver and gold mineralization for the project, where near-surface silver horizons are stacked over a broad bulk gold mineralization.

To date, in 2022, the company has completed 21,980 metres in 43 drill holes at Carangas. The company has released assay results for the twelve drill holes from the 2022 drilling program, with results for the remaining 31 holes pending. The 2022 drill program is said to currently be advancing well, with five drill rigs active at the site.

Making the cut in the third spot this week is Aurumin (ASX: AUN) which reported an intersection from the Central Sandstone gold project in Western Australia of 224 metres grading 1.48 grams gold per tonne, for a width x grade figure of 331.52.

Hole SNTMRD220004 returned the intersect at a depth of 229.6 metres.

Drilling is seeking to both extend and better define the company’s inferred underground resource of 14.2 million tonnes grading 1.1 grams gold per tonne for 500,000 oz. at Two Mile Hill.

The company’s managing director, Brad Valiukas said in a press release management was encouraged by the exploration result, adding to the likelihood that the Two Mile Hill underground deposit will become a key part of the project going forward, with the scale to potentially underpin future production.