- Tudor Gold (TSXV:TUD) is a precious and base metal exploration and development company whose flagship asset, the Treaty Creek Project, resides in British Columbia’s Golden Triangle
- Treaty Creek is comprised of indicated resources 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, including an inferred resource of 7.35 Moz AuEq within 233.90 Mt at an average grade of 0.98 g/t AuEq
- Ongoing exploration seeks to expand known mineralization supported by significant insider ownership, including 25.3 per cent by management and 17.4 per cent by renowned billionaire investor, Eric Sprott
- Tudor Gold (TUD) is up by over 250 per cent over the past five years
The TSX, TSXV, CSE and NEO exchanges list over 4,000 companies, a daunting number for any investor to sort through.
Parsing prospective opportunities from also-rans begins with narrowing down your investable universe, leaving only companies whose operations mark a clear path forward.
In the interest of expediting that task for TMH readers, our series, Anatomy of a Flagship Asset, introduces you to the most promising projects and products creating value in the Canadian stock market.
Next up, Tudor Gold (TSXV:TUD), a precious and base metal exploration and development company active in British Columbia’s Golden Triangle that boasts 44.8-per-cent insider ownership, including 25.3 per cent by management and 17.4 per cent by renowned billionaire investor, Eric Sprott.
One of the largest gold discoveries of the last 30 years
Tudor’s flagship asset, the 17,913-ha Treaty Creek Project (60-per-cent ownership) in B.C.’s Golden Triangle, contains a very large potential open-pitable and underground mineral resource on trend with some of the largest undeveloped and producing gold and copper resources in the world.
The project borders the KSM Property’s extensive gold-copper porphyry system (Seabridge Gold) to the southwest and the high-grade gold-silver Brucejack Property (Newcrest Mining) to the southeast. The past-producing Eskay Creek Mine’s high-grade volcanogenic massive sulphide deposit (Skeena Resources) lies 12 km to the west.
Treaty Creek’s most recent 43-101 (March 2023) mineral resource estimate details indicated resources 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, including an inferred resource of 7.35 Moz AuEq within 233.90 Mt at an average grade of 0.98 g/t AuEq.
The resource is represented by the Goldstorm Deposit, a very large gold-silver-copper porphyry system comprised of six separate mineral domains spanning 2,500 m in length, 1,000 m in width and 1,400 m in depth. The deposit remains open in all directions.
Summary of mineral resources as of March 15, 2023
Drill highlights to date at the Goldstorm Zone
- GS-21-113-W2: 1,497 m of 1.12 g/t AuEq, including 732 m of 1.60 g/t AuEq (0.91 g/t Au, 3.7 g/t Ag, 0.53 per cent Cu)
- GS-20-94: 1,225.5 m of 0.70 g/t AuEq (0.646 g/t Au, 2.50 g/t Ag, 0.018 per cent Cu), including 354 m of 1.21 g/t AuEq (1.123 g/t Au, 4.14 g/t Ag, 0.029 per cent Cu)
- GS-20-92: 531 m of 0.99 g/t AuEq (0.944 g/t Au, 1.96 g/t Ag, 0.021 per cent Cu), including 82.5 m of 3.28 g/t AuEq (3.22 g/t Au, 3.74 g/t Ag, 0.014 per cent Cu)
- GS-20-75: 1,152 m of 0.74 g/t AuEq (0.570 g/t Au, 1.75 g/t Ag, 0.101 per cent Cu), including 121.5 m of 1.56 g/t AuEq (1.511 g/t Au, 2.99 g/t Ag, 0.010 per cent Cu)
Goldstorm’s six mineral domains possess unique geological characteristics. Five are gold-dominant with lesser silver and copper. Domain CS-600 is dominantly gold and copper-rich, with lesser silver, and hosts the majority of Goldstorm’s copper. The domains break down as follows:
Treaty also offers excellent discovery potential at other mineralized zones marked by showings of hydrothermal alteration and gold, with or without base metals, that have formed in porphyry and epithermal settings. These exploration targets include:
- Perfectstorm Zone: 118.6 m of 0.72 g/t AuEq (0.664 g/t Au, 3.96 g/t Ag, 0.010 per cent Cu), including 59.9 m of 0.93 g/t AuEq (0.844 g/t Au, 6.09 g/t Ag, 0.010 per cent Cu) in drill hole PS-21-06
- Eureka Zone: 217.5 m of 0.76 g/t AuEq (0.680 g/t Au, 3.80 g/t Ag, 0.039 per cent Cu), including 67.5 m of 1.13 g/t AuEq (1.010 g/t Au, 5.60 g/t Ag, 0.047 per cent Cu) in drill hole EK-21-01
- Calm Before the Storm Zone: 155.5 m of 0.82 g/t AuEq (0.780 g/t Au, 2.34 g/t Ag, 0.004 per cent Cu), including 53.9 m of 1.30 g/t AuEq (1.240 g/t Au, 4.35 g/t Ag, 0.006 per cent Cu) in drill hole CBS-21-02
In terms of infrastructure, Treaty Creek is only 20 km west of Highway 37 and a high-voltage power line, 40 km south of a maintained airstrip, and proximal to deep-water ocean port facilities in Stewart, B.C.
Environmental baseline studies at the flagship asset are currently underway focused on surface water quality, hydrology, atmospherics, wildlife and archaeology with support from the Tahltan First Nation and local communities.
Exploration priorities at Treaty Creek include delineating the Copper Belle, 300 Horizon, CS-600 and DS-5 domains with the goal of converting inferred resources to measured and indicated resources, as well as continuing to define the Perfectstorm, Eureka and CBS zones.
This year’s exploration program is progressing toward a preliminary economic assessment with a minimum 25,000 m campaign. Initial focuses include:
- North and northeast mineral extensions of the Goldstorm Deposit where drilling in 2021 and 2022 intercepted the highest grades of gold, copper and silver mineralization
- Exploration drilling at Perfectstorm to follow up on six drill holes from 2020 and 2021 which intercepted gold and silver mineralization, highlighted by 118 m of 0.66 g/t gold and 3.69 g/t silver, including 31.5 m of 0.84 g/t gold and 6.09 g/t silver
Perfectstorm is a gold-dominant mineralized system measuring 1.3 km in strike length. It’s located 2.5 km southwest of Goldstorm and 2.5 km northeast of Seabridge Gold’s Iron Cap Deposit.
Potential investors should monitor Tudor’s ability to add high-quality gold and Au-Cu-Ag mineralization to its flagship asset’s resource model, which would allow its stock to track higher commodity prices amid persistently high inflation.
The Golden Triangle’s world-famous reputation as a friendly mining jurisdiction, coupled with communal support, and the rising awareness of fiat currency devaluation, bodes well for Treaty Creek’s multi-year journey toward profitable metals extraction.
Tudor Gold (TUD) is up by over 250 per cent over the past five years, which is almost 5x the return of the SPDR Gold Trust over the same period.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.