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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

Comment by rockport1on May 04, 2024 5:12pm
110 Views
Post# 36023513

RE:Tudor drilling success summary

RE:Tudor drilling success summaryCorrection:  The initial Inferred AuEq should be 0.79 g/t (Not 0.74 g/t).  A couple of places I restated the number incorrectly.  The M&I AuEq is correct at 0.74 g/t AuEq.

rockport1 wrote: I think some folks are forgetting the extremely impressive progress made on Treaty Creek over the last five years since Ken Konkin came aboard in Jan 2019.  At the time, Tudor was focussed on drilling the Copper Belle zone.  Within a month of him coming on board, ithey identified that Copper Belle was actually two separate zones with different characteristics.  The new zone was named Goldstorm.

Goldstorm has different characteristics, geometry and configuration than Copper Belle.  This realization was the critical factor in the success of exploration going forward.  After re-orienting the drill programs, they managed to drill the following each year to great success:

2019    9,782 m
2020  45,517 m
2021  30,387 m
2022  42,318 m 
2023  31,904 m

After the 2020 drilling results, in 2021 a maiden resource was published of 19.4 M Oz of AuEq M&I (0.74 g/t), plus 7.9 M Oz (0.79 g/t) Inferred.  The resource estimates are as follows:
2021:  M&I  19.4 M Oz @ 0.74 g/t AuEq;  Inferred  7.9 M Oz @ 0.74 g/t AuEq
2023:  M&I  23.4 M Oz @ 1.13 g/t AuEq;  Inferred  7.3 M Oz @ 0.98 g/t AuEq
2024:  M&I  27.9 M Oz @ 1.19 g/t AuEq;  Inferred  6.0 M Oz @ 1.25 g/t AuEq

Note, that the grade (quality) of the M&I resource was enhanced substantially from 0.74 g/t to 1.19 g/t AuEq.  The Inferred resource was upgraded from 0.74 g/t to 1.25 g/t AuEq.

This is really quite the accomplishment, particularly when you factor in a short four to five month drilling season.  Also, most of the holes were drilled over 1000 m long, up to 1500 m.  That is very slow drilling and exceedingly difficult. Up to six rigs were drilling in one season.  Finally, you factor in the Covid pandemic, and yet the drilling continued in 2020 and 2021 unabated. 

You could contrast that with Seabridge, who claimed in their Nov 2021 Extension Request that because of Covid, they could only drill 7 of 40 planned geotechnical holes along the MTT route, delaying the drilling by two years.  Tudor drilled 52, mostly deep, holes in 2020; and another 37 holes in 2021!  Tudor could probably teach Seabridge a thing or two about getting the drill bits turning.

All of this is to say, that IMO, Tudor has done an amazing job advancing the Treaty Creek project over the past five years.  Their record would compare favorably with, ostensibly, all other juniors in the industry.  The weakness in the share price at the moment, highlights structural problems with the junior resource markets in Canada, and not specifically with administration of the company. 



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