- Tudor Gold (TUD) is releasing the third set of results from its ongoing Phase 1 at exploration program at the company’s Treaty Creek Project
- The Vancouver-based exploration company’s flagship project is located in British Columbia’s Golden Triangle
- This represents the second consecutive high-grade visible gold discovery on the project’s northeastern stepout
- An intercept of 70.96 grams per tonne of gold equivalent over one meter is now highest single gold grade intercept of the project
- Tudor Gold is up 0.61 percent, trading at $1.66 at 11:27 am ET
Tudor Gold (TUD) is releasing the third set of results from its ongoing Phase 1 at exploration program at the Treaty Creek Project.
The Vancouver-based exploration company’s flagship project is located in British Columbia’s Golden Triangle.
This represents the second consecutive high-grade visible gold discovery on the project’s northeastern stepout.
An intercept of 70.96 grams per tonne of gold equivalent over one meter is now highest single gold grade intercept of the project.
The current drill program includes an aggressive resource expansion and delineation plan on several areas.
“We are extremely pleased to report this second consecutive high-grade, visible gold intercept from our northeastern step-out drilling. This 70.96 g/t AuEQ intercept over one meter is now highest single gold grade intercept of the project. The unique aspect of the two-metre composite of 39.15 g/t AuEQ and the 4.5 meter visible gold composite from GS-22-134 that averaged 20.86 g/t AuEQ is that they both appear to have similar modes of occurrence that resembles the gold mineralization at the Valley of Kings (VOK) Deposit at Newcrest’s Brucejack Lake Mine adjacent to our southern border. Most of the free-gold mineralization at the Goldstorm Deposit is associated with quartz-pyrite veinlets but it also appears as fine disseminated grains of free visible gold within host rock as observed in this high-grade intercept within GS-22-143. This may be a colloidal-type mineralization which is also observed at the Brucejack Lake Mine. Gold mineralization at the VOK Deposit occurs as electrum, however the visible gold found at the Goldstorm Deposit occurs as native gold. As with the discovery of R-66 to the southeast, these new high-grade gold intercepts may be completely different pulses of mineralization that can occur outside the known limits of the porphyry style of gold mineralization. Clearly more drilling is required to better understand the grade distribution and consistency within the northeastern portion of the Goldstorm Deposit,” said President and CEO Ken Konkin.
Tudor Gold is up 0.61 percent, trading at $1.66 at 11:27 am ET.