Open-Pit Shell Estimated To Contain 14.15 Million Ounces AuEq
Tudor Gold Corp. (TSXV: TUD) has released the results of the Initial Mineral Resource Estimate for the Goldstorm and Copper Belle Zones at their flagship property, Treaty Creek.
The Property is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge’s KSM Project located five kilometres southwest of the Goldstorm Zone.
A total of 218 drill holes totalling 105,658.8m were used in the Mineral Resource Estimate completed by P&E Mining Consultants Inc. (P&E).
Vice President of Exploration and Project Development, Ken Konkin, said the constraining open-pit shell contains 14.15 million ounces of Measured and Indicated gold equivalent ounces (AuEq) at an average grade of 0.72 gpt AuEq and 5.26 million Measured and Indicated AuEq ounces at an average grade of 0.80 gpt AuEq for the out-of-pit Mineral Resources.
Cut-off grades of 0.30 gpt AuEq were used inside the constraining open-pit shell and a higher cut-off grade of 0.46 gpt AuEq was used for the out-of-pit Mineral Resource Estimate which includes underground constrained blocks. The Goldstorm Zone remains open in all directions and at depth.
“We are very pleased with the results obtained from our Initial Mineral Resource Estimate,” Mr Konkin said.
“Only 10-12 % of the gold equivalent values are attributed to silver and copper mineralization indicating a strong gold-dominate system.
“However, due to the immense volume of the system, it contains large quantities of silver and copper. Further studies are required to investigate the potential economic impact of these two metals.
“Our preliminary metallurgical test work shows excellent gold recoveries to a gravity + flotation concentrate. From four composite tests, gold recoveries averaged 96.2% in pyrite concentrates with overall gold recoveries after concentrate extraction expected to be on the order of 88%.
“The mineralogical studies also demonstrated that no deleterious elements such as As, Sb or Hg were detected within the Goldstorm and Copper Belle Zones.
“Our plans for 2021 are to complete the drilling of the Goldstorm Zone; to define the limits of the 300 Horizon, the CS-600 and DS-5 Zones. In-addition, diamond drilling is planned for the Eureka and Perfect Storm Zones.
“We believe that the Treaty Creek Property contains excellent potential for continued discovery of gold-silver-copper systems such Goldstorm.”