- Tudor Gold (TSXV:TUD) has commenced drilling at its flagship Treaty Creek property in British Columbia
- Two diamond drills have begun exploring the site’s Goldstorm Zone, located five kilometres from Seabridge Gold’s KMS project
- The 2,000 metre drill program will further outline the known mineralisation, stepping out 150 metres north-east of previous exploration work
- Previously, the company intersected 0.849 grams per tonne of gold equivalent over 780 metres and 0.697 grams per tonne of gold equivalent over 1,081.5 metres at the GoldStorm Zone
- Tudor Gold (TUD) is up 3.28 per cent, with shares trading for C$0.63 and a $92.4 million market cap
Tudor Gold (TSXV:TUD) has commenced drilling at its flagship Treaty Creek property in British Columbia.
Two diamond drills have arrived and begun exploring the site’s Goldstorm Zone. The zone is located five kilometres from Seabridge Gold’s KMS project, which has intersected strong assays. Seabridge Gold is currently developing the site into a mine.
The company hopes to strike gold, coppe,r and silver on the property, similar to that found at the KMS site.
Previous drilling intersected 0.849 grams per tonne of gold equivalent over 780 metres and 0.697 grams per tonne of gold equivalent over 1,081.5 metres. The new program will drill 2,000 metres and to expand the known resource beyond these two holes.
Furthermore, the company is stepping out 150 metres to the north east, where it previously intersected 0.783 grams per tonne of gold equivalent over 601.5 metres. Tudor also hopes to better delineate the known mineralisation along this north-easterly axis.
To limit the chance of operational disruptions caused by COVID-19, the company has implemented strict on-site safety protocols. To this end, an on-site paramedic is taking daily temperatures and monitoring the health of all staff at the project.
Tudor Gold’s President and CEO, Walter Storm, said he was pleased that drilling could once again commence at the property.
“The Company’s intent is to advance the Treaty Creek Project with full recognition and confidence in the recommended COVID-19 safety protocols. The goal for this year is to complete enough drilling that we can begin to delineate a first resource estimation at Treaty Creek,” he said.
Tudor Gold (TUD) is up 3.28 per cent, with shares trading for C$0.63 at 11:19am EDT.