The maiden resource for the Treaty Creek gold project in contains 19.4 million oz. gold equivalent in the Goldstorm and Copper Belle zones, says 100% owner Tudor Gold Corp. (FSE:TUC). The property is located in northwest British Columbia, bordering Seabridge Gold's (TSX:SEA; NYSE: SA) KSM gold-copper project and Pretium Resources' (TSX: PVG; NYSE:PVG) Brucejack gold mine.
Tudor used the data from 218 drill holes totaling 105,659 metres to calculate the resource. Using a 0.30 gram gold equivalent cut-off, the pit constrained measured and indicated resources are 609.8 million tonnes at 0.72 gram gold equivalent per tonne (0.65 gram gold, 3.2 grams silver and 0.06% copper) or 14.15 million contained gold equivalent oz. The inferred portion is 139.4 million tonnes at 3.46 grams gold equivalent (3.6 grams gold, 0.06 gram silver and 0.04% copper) or 3.46 million contained gold equivalent oz.
The out-of-pit resource was also calculated, but this time a cut-off of 0.46 grams gold equivalent. The measured and indicated portion totaled 205.9 million tonnes grading 0.80 gram gold equivalent per tonne (0.7 gram gold, 4.6 grams silver and 0.07% copper) for 5.26 million contained gold equivalent oz. The inferred resource is 172.3 million tonnes at 0.80 gram gold equivalent (0.72 gram gold, 4.4 grams silver and 0.06% copper) containing 4.43 million gold equivalent oz.