Four Drill Rigs In Action At Treaty Creek
Tudor Gold Corp. (TSXV: TUD) has brought in that two additional drill rigs at its Treaty Creek Project, located in the heart of the Golden Triangle of north-western British Columbia.
Diamond drilling continues with four rigs on the Goldstorm Deposit, which is on-trend from Seabridge Gold’s KSM Project, located five kilometres to the southwest.
Vice President of Exploration and Project Development, Ken Konkin, said excellent progress has been made during the first two weeks of drilling on the fully funded 30,000m, Phase l exploration programme. This deposit delineation and property exploration programme will utilize up to six drills.
“Despite higher than normal snowpack levels, crews have rapidly advanced the excavation of snow to expose drill sites allowing four diamond drill rigs to begin operations,” Mr Konkin said.
“We plan to prepare pad sites at other targets such as Perfect Storm (PSZ) and Eureka this month and will bring in two additional diamond drill rigs.
“We are excited about drilling these promising new targets, however, the priority of our exploration program is to define the limits of the Goldstorm Deposit, as it currently remains open to expansion in all directions and at depth.
“In addition to potentially adding new gold equivalent (AuEq) ounces to the resource we will attempt to convert as much of the 7.9 million AuEq ounces of Inferred Resources to the Measured and Indicated Resource categories that currently total 19.41 million AuEq ounces.
Concurrent with the drilling programme, environmental base-line studies continue, including our water-sampling programs and installation of a weather monitoring station near our lower exploration camp.
“Tudor Gold Corp. and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols.
“Only essential personnel are permitted to enter the camp and staging areas. Of those workers who are at the project site and staging site, we have strict daily monitoring of the workers temperatures and general health conditions.
“We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel and all service providers.”
President and CEO, Walter Storm, said the company is looking forward to increasing the pace and performance of this year’s Program by expanding the number of drilling rigs at the Treaty Creek property.
“This start will help us complete the required drilling necessary to potentially expand and update the current resource estimate. The goal is to complete an updated Resource Estimate for the Goldstorm Deposit in 2022,” he said.
“We feel confident this will allow us to advance the Project with a Preliminary Economic Assessment study planned for 2022.”
