02-05-2025
- Business
- The Market Online
Tudor Gold extends Treaty Creek exploration permit until 2030
Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle
The property's estimated resource stands at 33.9 million gold-equivalent ounces with ample potential for expansion
Tudor Gold is precious and base metals exploration and development company active in British Columbia's Golden Triangle
Tudor Gold stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020
Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle.
The permit will allow the companies to continue harvesting exploration upside at the property, including numerous prospective zones of mineralization, with eyes on growing a resource estimated at more than 33.9 million gold-equivalent ounces indicated plus inferred.
An upcoming 25,000-metre exploration program will focus on the new Supercell-One gold complex with drilling aimed at expanding known high-grade structures. The company is also working on installing an exploration rap at Supercell-One to enable cost-conscious, year-round underground access to the discovery and potentially the main Goldstorm deposit.
Drilling in 2024 at the SC-1 zone confirmed continuous high-grade gold in a setting structurally and geologically analogous to Newmont's Brucejack gold deposit less than 20 kilometres to the south, which produced 286,000 ounces of gold in fiscal 2023. Leadership insights
'We thank the Regional Mines Office in Smithers for renewing our Notice of Work permit for another five years,' Ken Konkin, Tudor Gold's president and chief executive officer, said in a statement. 'We are excited to advance the Treaty Creek project by focusing on the high-grade SC-1 complex, advancing our plans to submit more applications that will transition the Treaty Creek project from a greenfields project to a brownfields project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and expansion of the SC-1 complex from underground. Our proposed exploration ramp is expected to significantly reduce both the cost and time required to drill and define emerging high-grade gold targets by enabling the use of underground drill stations — delivering far greater efficiency than conventional surface drilling. Once completed, the underground infrastructure could provide long-term strategic value, supporting future exploration and potential mining operations within the SC-1 complex and the other Goldstorm domains, in particular the adjacent CS-600 domain. We look forward to sharing a more detailed exploration program for the 2025 season in the near future.' About Tudor Gold
Tudor Gold is a precious and base metals exploration and development company active in British Columbia's Golden Triangle, a region known for its producing and past-producing mines and large deposits approaching potential development. The company owns a 60-per-cent interest in the 17,913-hectare Treaty Creek project, including one of the largest gold discoveries in the past 30 years.
Tudor Gold stock (TSXV:TUD) is up by 1.72 per cent on the news trading at C$0.59 as of 11:52 am ET. The stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020.
Join the discussion: Find out what everybody's saying about this gold exploration and development stock on the Tudor Gold Corp. Bullboard and check out Stockhouse's stock forums and message boards.
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.
