Tudor Gold expands Goldstorm deposit at Treaty Creek, stock up

Treaty Creek project area. Image: Tudor Gold

Tudor Gold (TSXV: TUD) reported positive results from resource expansion and definition drilling of the Goldstorm deposit at its flagship property, Treaty Creek in northwestern British Columbia.

On Monday, the company announced the second set of results from the 2021 program, highlighted by an extension of the 300 Horizon and CS600 to the northeast in hole GS-21-113 that contains 972m of 1.265 g/t AuEq, including 456m of 1.352 g/t AuEq in the 300 Horizon and 405m of 1.439 g/t AuEq in CS-600.

Strong, consistent mineralization was also confirmed in GS-21-112, which further extends DS-5 to the northwest with 219m of 1.287 g/t AuEq, including 79.5m of 2.079 g/t AuEq or 156m of 1.557 g/t AuEq.

Mineralization of the 300 Horizon in GS-21-111 totalled 613.5m of 0.869 g/t AuEq, which included an enriched section of 120m averaging 1.974 g/t AuEq within 351m of 1.253 g/t AuEq.

Meanwhile, near-surface gold mineralization continues along the SW trend for over a kilometre at the Perfect Storm zone, as PS-21-06 encountered 118.6m of 0.721 g/t AuEq, including 59.9m of 0.927 g/t AuEq. The mineralized system appears to be gaining strength towards the Iron Cap deposit approximately 3 km to the southwest, according to the company.

The objective of the current program is to find the limits to the Goldstorm deposit and to upgrade the company’s initial mineral resource estimate, which showed 19.41 million gold-equivalent ounces of measured and indicated

Strong copper mineralization was also observed in hole GS-21-113 within the CS-600 domain, with 405m averaging 0.618% Cu, within an enriched zone of 273m averaging 0.845% Cu.

“We are very excited to see the continuation of these exceptional drill results from our resource definition and exploration drilling program at Goldstorm,” Tudor’s president and CEO Walter Storm said in a news release.

“The northeastern step-out drilling of the 300 Horizon, CS-600 and DS-5 domains continues to demonstrate the robust nature of the Goldstorm deposit. We continue to expand the size of the deposit with some of the best gold and copper results obtained to date on the project,” he added.

Due to the recent success with the Goldstorm results, drilling at Perfect Storm has been delayed and will resume once the northeastern limits to the Goldstorm deposit are delineated, Tudor said.

The objective of the current program is to find the limits to the Goldstorm deposit and to upgrade the company’s initial mineral resource estimate, which showed 19.41 million gold-equivalent (AuEq) ounces of measured and indicated grading 0.74 g/t AuEq and 7.9 million AuEq ounces of inferred grading 0.79 g/t AuEq.

The Treaty Creek property is located in the heart of the Golden Triangle of northwestern BC, and is on-trend from Seabridge’s KSM project located 5 km southwest of the Goldstorm deposit. Treaty Creek is billed by Tudor as one of the largest gold discoveries of the last 30 years.

Shares of Tudor Gold jumped 6.5% by noon EDT on the latest drill results. The miner has a market capitalization of C$437.5 million ($346m).

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