Tudor Gold Corp. is advancing the development of its deposit by submitting an application for a subway exploration permit at the Treaty Creek project. This move seeks to optimize the drilling and development of the SC-1 Zone, known for its high gold grade.
The development of the Treaty Creek project
According to an official statement, the permit application to the British Columbia Ministry of Energy, Mines and Low Carbon Innovation(EMLI) will allow for the construction of an access ramp. This subway ramp will facilitate the installation of drilling stations for the demarcation of the SC-1 Zone. With this initiative, the company seeks to reduce both the time and costs associated with the project, in addition to enabling mining operations operations throughout the year, which is a substantial advantage.
Similarly, Tudor Gold is in the process of consolidating its position in the Treaty Creek mining project with the acquisition of American Creek Resources. The statutory plan of arrangement provides for the purchase of all of the outstanding shares of American Creek. Once the transaction receives shareholder and regulatory approval, Tudor Gold is expected to increase its interest in the project from 60% to 80%.
This project is located in a region of great mining relevance in Canada. It is adjacent to Seabridge Gold’ s KSM property and Newmont Corporation‘s Brucejack mine.
Today, Treaty Creek is home to significant mineral resourceswith an estimated 21.66 million ounces of gold and 2.87 billion pounds of copper in the indicated category. Because it is a major project for the industry, with potential for future expansion.
Source and photo: Tudor Gold
