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Be the first with the news that moves the market- Tudor Gold (TSXV:TUD) has revealed the results from its first round of drilling at the Treaty Creek property in British Columbia
- The company has been drilling the southern extension of the site’s Goldstorm zone, a 600 metre by 850 metre gold deposit
- Tudor hit a large assay over 217.5 metres, that averaged 1.40 grams per tonne
- The highest-grade assay came from a separate drill, which hit 37.7 grams per tonne gold and 44.8 grams per tonne silver over one metre
- Tudor Gold (TUD) is down nine per cent and is trading at C$2.39 per share
Tudor Gold (TSXV:TUD) has completed the first round of drilling work on its Treaty Creek property in British Columbia.
The property, located in British Columbia’s golden triangle, is in the midst of a drilling program which could go as high as 35,000-metres.
The company intersected mineralization from drill hole 20-57 that averaged 1.40 grams per tonne over 217.5 metres. The entire composite average of the drill hole was 0.845 grams per tonne over 973.05 metres.
This beats the formerly best whole drill intercept the company has returned from the site, a 1081.5 metre result that grades at 0.697 grams per tonne.
Drill hole 20-55 returned the highest grade at 37.7 grams per tonne gold and 44.8 grams per tonne silver over one metre
Diamond drilling work was focused on the Southern extension of the Goldstorm target, the main target on the property.
The company has thus far determined that the Goldstorm system is at least 850 metres long and at least 600 metres across.
President and CEO of Tudor Gold, Walter Storm said based on the excellent results, the company can’t wait to examine the northern portion of the Goldstorm target.
“Our commitment remains strong to publish a resource estimate at the end of this year. We will do what it takes to accomplish this, we have the necessary funds an extremely competent technical team to achieve our goals,” he said.
Tudor Gold (TUD) is down nine per cent and is trading at C$2.39 per share at 1:40 pm EDT.
