Tudor Gold (TSXV: TUD; US-OTC: TDRRF) has reported the results of the first two drill holes of 2018 from the Copper Belle zone at its 60%-owned Treaty Creek gold project in northwestern B.C.’s Golden Triangle district.
Gold, copper and silver were found in the two holes. The gold assays indicate a 300-metre interval of mineralization.
Tudor drilled the holes to test a 0.3 sq. km magnetic high that has previously been drilled on its southern and eastern edges.
The first hole expands the known extent of the Copper Belle zone 100 metres to the west of previous drilling. It intersected 0.5 gram gold per tonne over 300 metres from 400 metres depth. The second hole, 190 metres south of the first, also extends known mineralization 100 metres west. It intersected two zones of mineralization: 0.7 gram gold per tonne over 340 metres from 200 metres depth and 0.4 gram gold per tonne over 170 metres from 620 metres depth.
Tudor said it will follow up with deeper holes to further explore “strong mineralization” found at the bottom of the second drill hole.
Tudor has completed five holes totaling 3,900 metres on the property thus far. The results from the sixth and seventh holes are forthcoming.
Treaty Creek was staked by Teuton Resources (TSXV: TUO; US-OTC: TEUTF) in 1983. It contains a 7 km long sequence of alteration zones similar to the nearby Brucejack and KSM deposits. Teuton and American Creek Resources (TSXV: AMK; US-OTC: ACKRF) each hold a 20% interest in the property.
Tudor also has a 60% interest in the Electrum property and a 100% interest in the Mackie, Eskay North and Doc properties, all of which are located in the Golden Triangle.
Shares of Tudor are currently valued at 30¢ per share with a 52-week range of 28¢ to 90¢. The company has a $26 million market capitalization.
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