Is depth of deposit a worry here in the SC-1 - NOPE!One gram per tonne works for open-pit mines, but underground gold mines require at least 2.5 g/t to be economic.
Underground mines are accessed via a shaft or ramp. Miners extract the ore through various methods using specialized equipment that operate in narrow, dark tunnels.
Key Takeaways -
- We are now examining historical intercepts that contain gold values of greater than 4.0 g/t gold to assess the potential that these Supercell structures may be originating from within the CS-600 Domain and extending outwards from that Domain as a late-stage event.
- Additionally important has been the expansion, and conversion to Indicated category, of the higher AuEq grades within the Inferred category of CS-600 and DS5 Domains, which stands at 6.03 million ounces of 1.25 g/t AuEq. The step-out drilling in 2024 has been very successful in continued expansion of both of these domains, with impressive results from GS-24-184 including 147.75 m grading 1.17 g/t AuEQ
The 2024 drilling has already begun to confirm that open pit mining of lower grade gold (1.19 gt) above the high grade gold at 400 meter + depths in the SC-1 area - to not only be economically feasible, but super economically feasible in that the high grade ore can be mined by greater cost effective open pit mining technique after making bank on the low grade gold in the process of opening up access to a deeper open pit avoiding the higher cost of deep shaft mining for high grade gold that is being drilled up and is open in all directions no less here.
Tudor now has its much sought after optimal starting point in place for a Major to commence open pit operations with these results - and with many more high grade results this season to come. That PEA to come is looking more spectacular than ever.
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"Drilling continues at a very fast pace at Treaty Creek and we look forward to providing more updates on the results as they become available."
Of great importance to a Major is a healthy cash flow and low cost structure, which allows a company with capital discipline to reap the rewards of a high gold price when times are good, but protect its margins when the price takes a hit.
Is there any reason the Majors should not be eyeing Tudor Gold with much interest? - NONE!
If you are selling your TUD shares at these prices you are out of your mind now!