Tudor Gold Corp V.TUD

New Press Release - Tudor Gold Continues to Significantly Expand the Goldstorm Deposit to the Northeast as Step-Out Hole GS-23-170 Intersects 1.48 g/t AuEQ over 210 m Within 516 m Grading 1.19 g/t AuEQ, Outside the Goldstorm Deposit Mineral Resource Area

Vancouver, British Columbia--(Newsfile Corp. - August 15, 2023) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor Gold") is pleased to present the second set of drill results for the 2023 exploration program (the "Program") at their flagship property, Treaty Creek, located in the...read article.

[fordster]

She just keeps giving...bittersweet (far more sweet than a tiny bitter as we're not going to be defining our boarders anytime soon). Bring in a JV major. Let's go!

[Larry60]

She does keep giving......grief. Results were impressive, but nothing that changes the bigger picture i.e. no big step up in grade, not any closer to a viable starter open pit, referece to a PEA in the NR suggest we will not see one for quite some time, no update on court matters (even if just a "we remain confident in our position") Need some game changing drill results i.e. not more

[cskhurasu]

So KK makes it clear there will be no PEA until he has drilled off the entire potential of the TC deposits out to their limits. So he is putting in place the drill pads for the 2024 drill season.  A PEA would probably cost less than a deep drill hole and would have 100 times the value to the stock price, assuming it shows potential for an economic deposit. KK does not need to drill the TC

[Jetstream1281]

If something this big wasn't believed to be economic, why would you keep drilling?....particularly infill drilling? 

[cskhurasu]

That's the right question. Why would you keep drilling if you haven't proved the economic potantial of the project. Volume of mineralization doesn't mean much after a while, as the stock price shows.

[Jetstream1281]

The stock price has nothing to do with that and everything to do with POG...The 6 month chart on literally every junior looks virtually identical right now.... Look at the long holders though.....SEA is amongst the ugliest of the 5 year charts....We are not even close to hitting a 5 year low....

[Larry60]

Good question. A few observations: It takes a lot of money and time to define an interesting economic deposit.  Unless you happen to be lucky enough to hit high grade, and preferrable shallow, you need something big and you need to prove up the reserves TUD definately has something big - we wouldnt be here if they didnt Is current measured and indicated resource

[rockport1]

Regarding the 0.7 g/t AuEq for TC; this figure will definately not be used according to KK in a recent interview.  They are wisely looking at a higher cutoff grade, with the deposit size tradeoff.  This is exactly what I recommended in an earlier post (see link below).  The 0.7 g/t AuEq could be the cutoff grade, raising the AuEq to 1.04 g/t.  The salient point is: "

[Larry60]

No doubt they should be raising cutoff grade for mine planning - quality over quantity However, the CURRENT pit contrained resource (or a modified one at higher cutoff) has a major challenge:  The overburdern/strip ration is ginormous.  You basically have to blast out 1/2 the mountain to get to it (hopefully that also gets rid of the glacier). I think the focus on the northeast is to

[Jetstream1281]

If it's deep it's perfect for block caving.

[cskhurasu]

Why would a major come into TC when none of the key economic parameters have been defined?

[Jetstream1281]

Why are you commenting on this board when you clearly don't own any shares?