Mining News
Tudor Gold more than doubles overall project-wide contained copper at Treaty Creek
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(Kitco News) - On Wednesday, Tudor Gold (TSXV: TUD) announced the results of its updated mineral resource estimate (MRE) for the Goldstorm porphyry deposit at its flagship Treaty Creek project located in the Golden Triangle Region of British Columbia.
The company said that updated indicated mineral resources amounted to 23.37 million ounces (Moz) of gold equivalent (AuEQ) within 641.93 million tonnes (Mt) at a grade of 1.13 g/t AuEQ, comprised of 18.75 Moz of gold (Au) at 0.91 g/t, 112.44 Moz of silver (Ag) at 5.45 g/t, and 2.18 billion pounds (Blbs) of copper (Cu) at 0.15 %.
Tudor also reported updated inferred mineral resources of 7.35 Moz AuEQ within 233.90 Mt at a grade of 0.98 g/t AuEQ, comprised of 5.54 Moz Au at 0.74 g/t, 45.08 Moz Ag at 5.99 g/t, and 848.00 million pounds (Mlbs) of Cu at 0.16 %.
In a press release, the company said it’s "very pleased" by the results of its updated MRE for the Goldstorm deposit, which resulted in an "impressive" 53 % increase in the gold equivalent grade and a 20 % increase in total gold equivalent ounces within the indicated mineral resource category.
Importantly, Tudor noted that it doubles the total contained copper to 2.1 billion pounds in the indicated category, adding that the overall project-wide contained copper in both the indicated and inferred mineral resource categories increased to more than double that of the previous MRE, "to over 3 billion pounds of copper."
"These improvements to the Goldstorm deposit are expected to provide an excellent foundation as the company advances the Treaty Creek project towards an initial economic assessment. Continued definition and expansion drilling will continue in 2023 to target higher gold, silver and copper grades throughout the northern expansion area of the Goldstorm deposit," the company said.
Tudor Gold is a precious and base metals exploration and development company with properties in British Columbia’s Golden Triangle, an area that hosts producing and past-producing mines and several large deposits that are approaching potential development.
The 17,913 hectare Treaty Creek project (in which Tudor has a 60% interest) borders Seabridge Gold’s KSM property to the southwest and borders Newcrest’s Brucejack mine property to the southeast.
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