Treaty Creek Drill Results
Tudor Gold reports expanded copper and gold mineralization at Treaty Creek project in British Columbia.
Anonymous
Tudor Gold reported results from 10 drill holes at the Perfectstorm Zone of the Treaty Creek Project in northwestern British Columbia, expanding a copper-gold-silver-molybdenum porphyry system known as the PSP Zone and supporting continuity of near-surface, gold-dominant epithermal mineralization in the PSE Zone. Highlights included 44.38 grams per tonne gold and 440 grams per tonne silver over 0.8 meters in hole PS-26-28, while hole PS-26-23 returned 0.98 grams per tonne gold and 9.39 grams per tonne silver over 101 meters, including higher-grade intervals. Several holes also intersected broad porphyry-hosted mineralization with copper and molybdenum, including 0.26% copper over 89.65 meters in hole PS-26-19 and 0.26% copper over 76.55 meters in hole PS-26-27. The PSP Zone lies near the Goldstorm Deposit and Iron Cap Deposit along the Sulphurets corridor, and the mineralized system remains open in all directions. The company cautioned that reported intervals are drilled lengths rather than true widths, which have not yet been established.
Key Points
1
Tudor Gold operates the Treaty Creek Project and holds an 80% interest, while Teuton Resources holds a 20% carried interest; Tudor funds exploration and development costs until a production decision is made.
2
Surface sampling 1.2 kilometers northwest of the current drilling returned gold values of up to 13.54 grams per tonne, suggesting the mineralized system may extend beyond the area tested by the ten reported drill holes.
3
Two diamond drill rigs remained active at Treaty Creek and were targeting additional priority areas following the latest results.
4
The broader Treaty Creek property’s Goldstorm Deposit contains an estimated 24.9 million ounces of indicated gold resources, 148.7 million ounces of silver and 3.048 billion pounds of copper, providing a significant nearby resource context for the Perfectstorm results.
5
The reported assays were uncut, and core samples were generally taken at standard 1.5-meter intervals from sawn HQ- and NQ-diameter core, according to the project’s sampling notes.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
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