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Tudor Gold Corp V.TUD

Alternate Symbol(s):  TDRRF

Tudor Gold Corp. is a Canada-based precious and base metals exploration and development company. The Company has claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in Treaty Creek gold project, located in northwestern British Columbia, which is host to the Goldstorm Deposit, a large gold-copper porphyry system, as well as several other mineralized zones. The Company's Treaty Creek property covers an area of approximately 17,913 hectares.


TSXV:TUD - Post by User

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Comment by stockzorgon Jun 26, 2020 3:04pm
295 Views
Post# 31196653

RE:Tonnage 850 x 600 x 750 meters =380 million

RE:Tonnage 850 x 600 x 750 meters =380 million
Galaxym31 wrote: cubic meters x 2.5 tons per cubic meter = 1.15 billion tons .Does this seem correct ?


In my analysis I've been using the area that was most heavily drilled through 2019 - about 700m x 500m.  For depth, I took an average of how many meters of mineralization they found in each hole - that came out to 423.7m (a huge number for an average of 32 holes).

For specific gravity I've been using 2.81 (I'm open to input on that).

Through 2019 I get about 416 million tons for the mineralized areas only, and only for the limited 700m x 500m area that I have the data for.  At an average grade of .656g/t I get about 8.8 million oz of Au so far.  Obvously all of these numbers will increase by quite a bit this year with more than 22,500 more drilling meters of data.

As a double check I baselined Iron Cap's initial 5.1 million ounces of Measured and Indicated reserves after 48 holes were drilled.  When I use this method I get 10.3 million oz. Au for Goldstorm so far.

HOWEVER:  The big story is the GS300 shallow gold.  For the most recent 14 holes drilled through 2019 I get 148 million tons at .8g/t on average mineralized area of 293m per hole and only 300m x 600m in my data so far.  That's 3.8+ million oz Au. in only 14 drilled holes.  The average grade x width at Goldstorm is more than 2.5x my Iron Cap baseline holes.  The shallow gold could be extracted using an open pit model with limited capex.  When I compare this data to my Iron Cap baseline I get 4.5 million oz Au in GS300 so I know my results are conservative.

I can see the GS300 gold going to a resource estimate based on 750 x 600 x 293 at .8g/t for a shallow resource in the 9.5 - 10 million oz Au range.  This would equate to a 500,000oz. per year open pit mine over a 16 year mine life - Tier 1, while still being low capital intensive. 

The Goldstorm GS300 will be like a piece of candy hanging out there for many midsize to large mining companies to exploit.  I expect a great deal of interest.

Goldstorm does not need a 30 million oz. Au reserve in order to be a monster.  GS300 is already a monster.

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