EXPLORATION & DEVELOPMENT

Tudor hits 563.8m at 0.981g/t gold

"Best result to date" at Treaty Creek JV

Staff reporter
“Best result to date” at Treaty Creek JV

“Best result to date” at Treaty Creek JV

The project operator (60%) reported 563.8m at 0.981g/t gold that ended in mineralisation, in a step-out hole 90m north of the Copper Belle zone.

"It is certainly the best result to date at Copper Belle - in terms of grade x length - being some 50% longer than the previous longest intersection," president and CEO Walter Storm said.

He said the new extension would be a prime target for follow-up drilling in 2019.

Tudor had earlier reported visible gold in one of the first two holes drilled at Treaty Creek this year.

American Creek Resources (TSXV: AMK), which holds a free-carried 20% interest along with Teuton Resources (TSXV: TUO) until a production decision, said results indicated the joint venture was "only scratching the surface of highly prospective areas".

"What has been rewarding is that the geology and geophysics, both similar to Seabridge's KSM and Pretium's Snowfield, have been used together to guide the drill to such exceptional results," American Creek CEO Darren Blaney said.

Tudor raised C$861,700 (US$650,000) at 27c per unit in September to advance exploration, for general working capital purposes and repaying existing liabilities.

It had raised $1 million (US$770,000) at 35c per unit in July.

Tudor shares have lifted off a 52-week low of C20c last week but closed down 2.5c to 27.5c to capitalise it at $26.6 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.