RE:TSX tradingIm not sure what you mean by no updates... We had TUD news. on the AMK site.
Tudor pegs Treaty Creek at 23.37M oz AuEq indicated
2023-03-15 04:18 ET - News Release
See News Release (C-TUD) Tudor Gold Corp
Mr. Ken Konkin of Tudor reports
TUDOR GOLD ANNOUNCES SIGNIFICANT UPGRADE TO MINERAL RESOURCE ESTIMATE FOR THE GOLDSTORM PORPHYRY DEPOSIT AT THE TREATY CREEK PROJECT, BRITISH COLUMBIA WITH INCREASED GOLD, COPPER AND SILVER GRADES AND DOUBLING OF THE TOTAL CONTAINED COPPER TO 2.1
Tudor Gold Corp. has provided the results of its updated mineral resource estimate (MRE) prepared by Garth Kirkham, PGeo, of Kirkham Geosystems Ltd. and JDS Energy and Mining Inc. for its flagship Treaty Creek project located in the Golden Triangle region of British Columbia. Tudor Gold's initial Mineral Resource Estimate for the Project was included in a technical report entitled "Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia, Canada", dated April 23, 2021, with an effective date of March 1, 2021. (the "2021 MRE").
Highlights of the Updated Mineral Resource Estimate on the Goldstorm Deposit at the Project ("MRE"):Indicated Mineral Resource of 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 %.Inferred Mineral Resource 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 %.CS-600 Domain is comprised of an intrusive hosted gold-copper porphyry system and hosts an Indicated Mineral Resource of 9.86 Moz of AuEQ within 278.02 Mt at a grade of 1.10 g/t AuEQ; comprised of:6.22 Moz Au at 0.70 g/t; and 1.98 Blbs of Cu at 0.32 %.A 1.0 g/t sensitivity cut-off for all the Indicated Mineral Resource (open-pit and underground) measures 15.18 Moz of AuEQ at a grade of 1.48 g/t AuEQ; comprised of:12.29 Moz of Au at 1.20 g/t, 72.07 Moz of Ag at 7.02 g/t and 1.35 Blbs of Cu at 0.19 %.Improved the definition and spatial continuity of the Goldstorm porphyry system which is comprised of six separate mineral domains over an area that measures approximately 2,500 m in length, 1,000 m in width and 1,400 m in depth.The Goldstorm Deposit remains open to the south, north, northeast and at depth.
Commenting on the results, Ken Konkin, President & CEO of Tudor Gold, "We are very pleased by the results of our 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. The updated MRE utilizes higher cut-off grades (Pit: 0.50 g/t AuEQ, Underground: 0.70 g/t AuEQ) than the 2021 MRE (Pit: 0.30 g/t AuEQ, Underground: 0.46 g/t AuEQ). These higher cut-off grades exemplify the robust nature of this deposit, including the mineral consistency and thickness of the higher-grade gold and copper mineralized domains that were intercepted during the Company's 2021 and 2022 drill programs. Even at these higher cut-off grades, 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 accomplishments are a culmination of two additional years of drilling and refining of our geologic understanding to vector towards higher-grade gold, copper, and silver. 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."
Updated Mineral Resource Estimate for the Goldstorm DepositThe MRE was prepared by Garth Kirkham, P.Geo, based on 201 diamond drill holes (148,474 meters) completed between 2007 and 2022. The MRE included 62,916 meters of diamond drill holes that were completed since the 2021 MRE. A National Instrument 43-101 Technical Report is expected to be prepared by Garth Kirkham Geosystems and JDS and posted on www.tudor-gold.com and under the Company's profile on www.SEDAR.com within 45 days of the date of this news release.
Table 1: Summary of Indicated and Inferred Mineral Resource as of March 15, 20231-6 Mine Area Tonnage(Mt) AuEQ(g/t) Au(g/t) Cu(%) Ag(g/t) AuEQ(koz) Au(koz) Cu(Mlb) Ag(koz) Indicated Mineral Resource Pit 389.11 1.05 0.90 0.08 5.44 13,138 11,320 687 68,168 Underground 252.82 1.26 0.91 0.27 5.44 10,237 7,429 1,493 44,275 Combined 641.93 1.13 0.91 0.15 5.45 23,375 18,750 2,180 112,443 Inferred Mineral Resource Pit 160.94 0.85 0.71 0.07 6.50 4,404 3,648 248 33,628 Underground 72.96 1.25 0.80 0.37 4.87 2,946 1,888 600 11,452 Combined 233.90 0.98 0.74 0.16 5.99 7,349 5,536 848 45,080
Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.The Mineral Resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions (2014) and Best Practices (2019) prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.The Mineral Resource Estimate was prepared for a potential open pit scenario using a constrained pit shell (with 50-degree slopes) at a 0.5 g/t gold equivalent cut-off grade and an underground mining scenario using a 0.7 g/t gold equivalent cut-off grade. Cut-off grades were derived from US$ 1,800/oz gold, US$ 20/oz silver, US$ 3.50/lb copper, CAD:USD of 0.77, C$ 2.50/tonne open pit and C$7.50 underground mining cost, C$ 38.50/tonne milled processing costs, C$ 1.50/tonne G&A cost, and process recoveries of 90 % for gold, 80 % for copper, and 80 % for silver.AuEQ g/t = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)A mineral estimate of the material within the defined pit that exists outside of the outlined mineral domains was completed and is included within the Inferred Mineral Resource, and listed "In Pit, External" in Table 4.
The Goldstorm sensitivity tables (Tables 2 and 3) report the variation of resource grade and tonnage with respect to the change in cut-off grades for the Indicated and Inferred Mineral Resources.
Table 2: Indicated Mineral Resource Cut-off Sensitivity - Combined Pit and Underground1 Cut-off Tonnage(Mt) AuEQ(g/t) Au(g/t) Cu(%) Ag(g/t) AuEQ(koz) Au(koz) Cu(Mlb) Ag(koz) 0.3 730.20 1.06 0.85 0.14 5.06 24,823 19,907 2,324 118,689 0.4 714.16 1.07 0.86 0.15 5.13 24,640 19,742 2,318 117,896 0.5 682.72 1.10 0.88 0.15 5.28 24,180 19,346 2,291 115,831 0.5 / 0.72 641.93 1.13 0.91 0.15 5.45 23,375 18,750 2,180 112,443 0.6 631.15 1.15 0.92 0.16 5.50 23,262 18,588 2,218 111,644 0.7 559.69 1.21 0.97 0.17 5.81 21,762 17,386 2,076 104,501 0.8 479.37 1.29 1.03 0.18 6.18 19,820 15,854 1,878 95,239 0.9 397.39 1.38 1.10 0.19 6.59 17,577 14,114 1,633 84,212 1.0 319.20 1.48 1.20 0.19 7.02 15,186 12,293 1,352 72,067
Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release.The MRE utilizes 0.5 g/t AuEQ for the pit-constrained Mineral Resource and 0.7 g/t AuEQ for the underground Mineral Resource.
Table 3: Inferred Mineral Resource Cut-off Sensitivity - Combined Pit and Underground1 Cut-off Tonnage(Mt) AuEQ(g/t) Au(g/t) Cu(%) Ag(g/t) AuEQ(koz) Au(koz) Cu(Mlb) Ag(koz) 0.3 488.34 0.67 0.52 0.10 4.01 10,524 8,170 1,070 62,885 0.4 326.54 0.83 0.63 0.13 5.00 8,729 6,658 961 52,510 0.5 244.18 0.96 0.72 0.17 5.89 7,553 5,652 896 46,261 0.5 / 0.72 233.90 0.98 0.74 0.16 5.99 7,349 5,536 848 45,080 0.6 198.02 1.06 0.78 0.19 6.68 6,739 4,952 849 42,527 0.7 163.26 1.15 0.83 0.22 7.34 6,015 4,355 796 38,506 0.8 135.32 1.23 0.88 0.25 7.83 5,341 3,830 732 34,060 0.9 108.48 1.32 0.94 0.27 8.25 4,607 3,285 647 28,786 1.0 84.17 1.43 1.02 0.29 8.56 3,864 2,759 547 23,169
Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release.The MRE utilizes 0.5 g/t AuEQ for the pit-constrained Mineral Resource and 0.7 g/t AuEQ for the underground Mineral Resource.
The Goldstorm Deposit consists of six mineral domains with unique geological characteristics. Five of the domains are gold-dominant with lesser proportions of silver and copper. Domain CS-600 is dominantly gold and copper rich, with lesser silver. The CS-600 hosts the majority of the copper at the Goldstorm Deposit and consists of a well-defined intrusive porphyry system. Table 4 summarizes the Indicated and Inferred Mineral Resources for each mineral domain.
Table 4: Mineral Resource by Domain - Combined Pit and Underground1Indicated Mineral Resources Domain Tonnage(Mt) AuEQ(g/t) Au(g/t) Cu(%) Ag(g/t) AuEQ(koz) Au(koz) Cu(Mlb) Ag(koz) 300H 234.13 1.02 0.95 0.03 3.90 7,700.29 7,173.49 131.05 29.36 CS-600 278.02 1.10 0.70 0.32 5.71 9,860.70 6,217.37 1,983.30 51.06 DS5 114.83 1.32 1.21 0.02 7.89 4,865.34 4,456.37 56.68 29.14 R66 5.02 1.36 1.30 0.04 1.07 219.44 209.10 4.71 0.27 NS STK 6.37 2.28 2.20 0.01 6.16 467.60 451.30 1.57 1.26 Copper Belle 3.57 1.00 0.90 0.03 5.50 114.45 103.58 2.53 0.63 Inferred Mineral Resources 300H 6.41 1.03 0.95 0.03 4.92 213.19 195.00 4.52 1.02 CS-600 96.77 1.19 0.75 0.36 6.01 3,711.82 2,321.60 761.68 18.71 DS5 2.78 1.37 1.22 0.05 8.69 122.28 109.30 2.84 0.78 R66 0.55 2.19 2.07 0.01 9.32 38.90 36.84 0.15 0.17 NS STK 1.30 2.26 2.09 0.01 14.26 94.06 86.95 0.37 0.59 In Pit, External2 126.64 0.79 0.69 0.03 5.86 3,206.88 2,821.68 78.73 23.90
Refer to footnotes to the Mineral Resource Estimate in Table 1 of this News Release.A mineral estimate of the material within the defined pit that exists outside of the outlined mineral domains was completed and is included within the Inferred Mineral Resource, and listed "In Pit, External".Figure 1: Goldstorm Deposit MRE DomainsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4494/158502_tudorimage1.jpg
2023 Exploration Program
In 2023, the Company expects to continue to target the Goldstorm Deposit in particular the limits of the CS-600 and the DS-5 Domains. Definition and step-out drilling within the current resource will continue to target higher gold, silver and copper grades throughout the northern step-out expansion area at Goldstorm. The overarching goal of future exploration programs is to increase the size of the current Treaty Creek Property Mineral Resource, continue to make new significant discoveries, and advance the Goldstorm Deposit and the Project towards an initial economic assessment.
Quality Assurance
The Goldstorm MRE was prepared under the supervision of Garth Kirkham, P.Geo, FGC, of Kirkham Geosystems Ltd., and JDS who is an Independent Qualified Person, as defined by National Instrument 43-101. Mr. Kirkham has reviewed and approved the technical contents of this news release.
Ken Konkin, P.Geo, President and CEO, Tudor Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Project. Mr. Konkin has reviewed, verified, and approved the scientific and technical information in this news release.
About Tudor Gold Corp.
Tudor Gold Corp. is a precious and base metals exploration and development company with properties 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 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newcrest Mining's Brucejack Mine property to the southeast.
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