Treaty Creek

About the project

The 17,913 hectare Treaty Creek Project lies within the “Golden Triangle”, one of the most important mineral districts of northwestern British Columbia. The Project borders Seabridge Gold Inc.’s KSM property to the southwest and borders Pretium Resources Inc.’s Brucejack property to the southeast. The past producing Eskay Creek mine lies 12 km to the west.
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Company Highlights & Drill Season 2020

  • April: Initiation of metallurgical studies for the Company’s flagship project, Treaty Creek. Test results will be used as part of the initial economic assessment for the project.
  • Agreement signed with RTEC – a partnership of ERM Consultants Canada Ltd. (ERM) and the Tahltan Nation Development Corporation (TNDC) – to begin preliminary baseline studies, focusing on surface water quality, hydrology, atmospherics, wildlife and archaeology.
  • May: Diamond drilling commenced with two drill rigs at Treaty Creek for a planned 20,000-meter exploration program on the Goldstorm Zone, with a priority to continue to expand the mineralized system to the southeast and the northeast. The goal is to complete sufficient infill drilling to enable a maiden resource estimate later this year.
  • July: Tudor Gold doubled the diamond drilling program, increasing to six drill rigs for at least 40,000 meters of drilling in 2020. Another step-out hole further extends the Goldstorm system by an additional 150m to the northeast (GS-20-67).
  • September: Discovery of a significant new gold-silver-copper mineralized system at Pefectstorm (PSZ) at Treaty Creek.
  • In 2020, a total of 50 holes (43,972 m) were drilled at Goldstorm and three holes (1,636 m) at the Perfect Storm Target. 

 

Some Highlights in 2020 so far: 

  • GS-20-57 returned a near surface intercept of 1.400 g/t Au Eq over 217.5 m within 973 m of 0.845 g/t Au Eq.
  • GS-20-65 returned a near surface intercept of 2.120 g/t Au Eq over 348 m within 930 m of 1.161 g/t Au Eq.
  • GS-20-75 returned a near surface intercept of 1.561 g/t Au Eq over 121.5 m within 1152.0 m of 0.741 g/t Au Eq.
  • GS-20-73 returned a near surface intercept of 1.506 g/t Au Eq over 229.5 m within 775.5 m of 0.932 g/t Au Eq.
  • GS-20-94 returned a near surface intercept of 1.215 g/t Au Eq over 354 m within 1225.5 m of 0.702 Au Eq.
  • GS-20-92 returned a near surface intercept of 3.286 g/t Au Eq over 82.5 m within 531.0 m of 0.999 Au Eq.

Selected Drill Hole Composite Data Goldstorm

Hole-IDFrom (m)To (m)Interval (m)Au Eq (g/t)Avg Au (g/t)Avg Ag (g/t)Avg Cu (ppm)AuEq x Length
GS-19-47117.501199.001081.500.6970.5893.42450754
GS-19-4897.501024.50927.000.7930.6773.01543735
GS-19-4981.00907.50826.500.8000.6963.37429661
GS-20-5734.501007.55973.050.8450.7753.00226822
GS-20-6534.50964.50930.001.1611.1032.844111080
GS-20-69153.501304.001150.500.6000.5122.94360691
GS-20-70226.001444.001218.000.5000.3892.65529609
GS-20-7329.00804.50775.500.9320.8425.47160723
GS-20-75112.001264.001152.000.7410.571.751010853
GS-20-7864.501034.00969.500.6930.5823.59459672
GS-20-7981.501419.501338.000.5950.4842.41558796
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  • All assay values are uncut and intervals reflect drilled intercept lengths.
  • HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals
  • The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
  • Length (m) x Au (g/t) is derived by multiplying the drilled length of the composite mineralized interval (not true width) by the calculated average gold grade for the interval.

Table: Gold equivalent composite values from our 2020 drill season at Treaty Creek (please see also our published News Releases).

SectionHole_IDHorizonFromToInterval (m)Au g/tAg g/tCu ppmAu Eq g/t
86+00 NEPS-20-03Main152.0372.5220.52931.78591402
PS-20-03including Upper152.0171.519.58850.82160919
PS-20-03including Lower348.537122.58463.73340942
89+00 NEPS-20-01Main240.0373.5133.54832.75527594
PS-20-01including240.0320.580.55734.11775737
PS-20-02Main265.5416.5151.05143.16469621
PS-20-02including300.535049.57816.71648957
108+00 NEGS-20-96300H6.00109.50103.508042.27129850
GS-20-96CS600279.00385.50106.502283.771235457
GS-20-100300H29.0600.5571.55212.95173582
GS-20-100including402.5555.5153.07956.00184895
109+00 NEGS-20-66300H+CS6006.0529.5523.56731.86425758
GS-20-66including 300H7.5156.5149.09413.291901.008
GS-20-66including CS-600454.5529.575.02.0751.873522.150
GS-20-683004.85798.0793.155211.73127561
GS-20-68including 300H4.8562.057.151.0261.11601.048
GS-20-68& including 300H221.0536.0315.07441.82135785
GS-20-72300H4.5730.5726.04751.5397507
GS-20-74300H8.3877.5869.25032.84154560
GS-20-74including292.5574.5282.06362.84236705
GS-20-74or including292.5375.082.51.0684.884241.190
GS-20-95300H12.0256.5244.56711.98165719
GS-20-95CS600412.5559.5147.056201.03345625
GS-20-98300H10.5282.0271.57171.9496755
GS-20-98including10.5214.5204.08502.39108895
110+00 NEGS-20-5430073.95195.5121.556333.39218706
GS-20-55300 +CS600290.0446.0156.06742.95956852
GS-20-55CS600360.5429.569.01.1721.699851.338
GS-20-5730034.51007.55973.057753.00226845
GS-20-57 incl300544.5904.5360.01.0513.101221.107
GS-20-57 or incl300544.5762.0217.51.3383.321501.400
GS-20-58300107.0394.5287.53510.99119380
GS-20-60300+CS60024.0666.0642.05922.15497691
GS-20-60 incl30024.0190.0166.01.14402.091051.185
GS-20-60 & inclCS600588.0666.078.05097.4530101.045
GS-20-63300+CS60033.00715.50682.505421.18206587
GS-20-63 including30033.00223.50190.509131.4189943
GS-20-6530034.50964.50930.001.0672.804091.161
GS-20-65 including30046.50394.50348.002.0424.131922.120
GS-20-73330H29.0804.5775.58425.47160932
GS-20-73or 330H29.0978.5949.57494.67152828
GS-20-73including29.080.051.01.2766.521681.379
GS-20-93*300H20.50237.50217.005353.40152599
GS-20-93*incl.20.50131.00110.508505.49206946
GS-20-97300H18.40584.00565.606091.95107648
GS-20-97incl.18.40381.50363.106932.35141742
111+00 NEGS-19-56300159.0172.513.51.0545.57981.136
GS-19-59CS600139.0398.0259.03286.991809680
GS-19-59 inclCS600142.0273.0131.035110.992777894
GS-20-82300H + CS600113.001041.50928.506292.46519736
GS-20-82including 300H113.00464.00351.009693.562631.051
GS-20-82with 300H224.00422.00198.001.2835.294081.407
GS-20-89*300H87.00125.0038.001.14212.85911.309
GS-20-90300H + CS60063.00847.50784.506462.89465750
GS-20-90including 300H72.00405.00333.009153.60177984
GS-20-90and including CS600643.50768.00124.506354.601632932
GS-20-94300H36.001261.501225.506462.50178702
GS-20-94including36.00390.00354.001.1234.142871.215
GS-20-94or including36.00820.50784.508563.45239933
112+50 NEGS-20-61CS600116.0363.5247.53988.512690899
GS-20-61 inclCS600116.0321.5205.54538.5631291.020
GS-20-76300H (lost hole)65.0140.075.071313.69475948
GS-20-78300H +CS600 + DS564.51034969.505823.59459693
GS-20-78including 300H64.5409.5345.09885.862791.100
GS-20-78and including CS600655.5810.0154.54122.631733701
GS-20-78and including DS5898.51034.0135.57765.41139862
GS-20-79300H + CS60081.51419.51338.04842.41558595
GS-20-79including 300H81.5714.5633.07173.47218791
GS-20-79or with 300H81.5566.0484.579504.05225877
GS-20-83300H + CS600 + DS573.50994.50921.006763.97655821
GS-20-83including 300H73.50418.50345.001.0083.481911.078
GS-20-83and including CS600566.45727.50161.054263.902863898
GS-20-83and including DS5813.00994.50181.509197.331901.035
GS-20-85300H66.50692.00625.507483.80275834
GS-20-85CS600752.00989.00237.002412.231734524
GS-20-85DS51118.001278.50160.505112.11128555
GS-20-87300H85.5277.5192.089404.03131962
GS-20-87and337.5348.010.51.4445.491431.531
GS-20-87CS600517.5663.0145.54618.242689958
GS-20-87DS5702.0804.0102.082004.08141890
GS-20-91300H60.01093.51033.57594.66275856
GS-20-91including60.0909.0849.08283.67292916
GS-20-91or including60.0592.5532.51.0183.713341.112
114+00 NEGS-20-62CS600143.0371.0228.03563.53729507
GS-20-62 inclCS600143.0206.063.07582.761135960
GS-20-67300H62.068.06.01.7990.881001.824
GS-20-67and 300H126.5908.0781.54862.99238557
GS-20-67including 300H321.5591.5270.06185.20492754
GS-20-67and 3001325.01340.015.08601.64175905
GS-20-69300H + CS600 +DS5153.51304.01150.55122.94360600
GS-20-69including CS600683.0801.5118.53134.542013666
GS-20-69including DS-5896.01304.0408.08024.49120873
GS-20-69with968.01181.0213.01.1395.981161.228
GS-20-71300H + CS600243.51278.51035.04371.48741564
GS-20-71including 300H243.5461.0217.51.0511.96881.087
GS-20-71and including CS600753.5978.5225.04011.812183746
GS-20-75300H + CS600112.01264.01152.05701.751010741
GS-20-75incl 300H112.0716.5604.56711.60132710
GS-20-75with232.0353.5121.51.5112.991001.561
GS-20-75and including CS600833.51247.5414.05732.202483968
GS-20-77300H +CS600 + DS5122.01165.851043.854104.91371524
GS-20-77300H122.0321.5199.54391.77108477
GS-20-77and CS600 + DS5585.51165.85580.355377.99564717
GS-20-77including CS600585.5687.5102.064922.5221681.241
GS-20-77and including DS5866.01165.85299.857675.95141859
GS-20-80300H + CS600222.501349.001126.503691.66653486
GS-20-80including 300H398.00695.50297.504881.98135531
GS-20-80and including CS600831.501028.00196.505723.2527031.011
GS-20-86300H118.50577.50459.007123.43263792
GS-20-86CS600730.50942.00211.504692.492172821
GS-20-86DS51014.001425.00411.005952.85145650
GS-20-86including1192.501395.00202.508893.39130949
GS-20-84300H167.0179.012.04675.9956547
GS-20-84CS600524.0690.5166.53229.482502807
GS-20-84DS5930.51019.088.557612.49225760
GS-20-92300H90.01020.0930.06371.72160682
GS-20-92including90.0621.0531.09441.96213999
GS-20-92and including213.0295.582.53.2203.741443.286
GS-20-102No Significant Values
115+50 NEGS-20-64DS-5648.401198.95550.559005.40122983
GS-20-64 includingDS-5771.50926154.501.3896.211221.482
GS-20-70300H + CS600 +DS5226.01444.01218.03892.65529500
GS-20-70including 300H230.5296.566.065001.0763672
GS-20-70including CS600658.0820.0162.05175.642172906
GS-20-70including DS-5925.01444.0519.05002.74137553
GS-20-70with1054.01291.0237.06692.91127723
GS-20-81300H + CS600 + DS5558.401389.50831.104221.56940580
GS-20-81including 300H + CS600558.40957.50399.105291.961712807
GS-20-81with 300H558.40636.5078.101.0471.521391.086
GS-20-81and with CS600704.00957.50253.504812.372494879
GS-20-88300H178.5444.0265.56421.3779670
GS-20-88and519.0582.063.08911.50110925
GS-20-88and640.5681.040.56712.39588787
GS-20-88CS600748.5898.5150.03021.622226651
GS-20-88DS51162.51432.5270.04662.8491514
GS-20-99*DS5855.5965.0109.55496.81106647
117+00 NEGS-20-101*lost holere-drillin 2021
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All widths are downhole intervals as there has been inadequate drilling to determine true width. Length denotes drilled length – true widths of mineralization have not been determined.

* All assay grades are uncut and intervals reflect drilled intercept lengths. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.

HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.

** Metal prices used to calculate the AuEq metal content are: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. All metals are reported in USD and calculations do not consider metal recoveries.

Mr. Ken Konkin, P.Geo, Company’s  Exploration Manager is the Qualified Person for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained on Company’s website.

The Treaty Creek Project in the Golden Triangle and it´s neighbours

Longitudinal section looking NW

Project Background

In June of 2016, TUDOR acquired a 60% interest in the Treaty Creek claims. American Creek Resources Ltd. (TSXV-AMK) and Teuton Resources Corp. (TSXV-TUO) each hold a 20% interest carried through to a production decision. The property is subject to 3% NSR royalties.

Exploration of the Treaty Creek area over the past 37 years by various junior companies has resulted in the discovery of a number of surface mineral showings, some with very high gold and silver values. There have been over 190 diamond drill holes completed on the property from 1987 to date, in eight different mineral zones. It has been only recently, however, that drilling revealed the potential for a large-scale, porphyry-style gold deposit at the Copper Belle and Goldstorm zones, located on-trend, and just 5 kilometers northeast of the KSM deposits. Copper Belle, and the larger Goldstorm, are hosted by the same belt of Jurassic-age volcanic and intrusive rocks that host the KSM mineralization and are also located close to the Sulphurets Thrust Fault, which continues along trend from the KSM property and is believed to be a controlling factor in the formation of the porphyry-style mineral bodies.

 

There are no known resources or reserves on the Treaty Creek property and the presence of mineral deposits on properties adjacent to or in close proximity to the Treaty Creek property is not necessarily indicative of economic mineralization on the Treaty Creek property.

Advanced Drill Targets – Goldstorm & Copper Belle

Fifty-seven drill holes, totaling about 23,000 metres, had been drilled at Copper Belle (46 holes) and Goldstorm (11 holes) as of the end of 2017, within an area measuring roughly 1000 meters in length by 400 meters wide and to depths of about 500 meters. A number of long mineralized intervals were revealed, such as hole CB-17-07, that over 369.0 m averaged 0.686 g/t Au, 2.4 g/t Ag and 0.03% Cu, including 43 m of 1.81 g/t Au. These broad intercepts were the first indication of a deep system at the Goldstorm Zone, which is located immediately to the northeast of Copper Belle. Mineralized areas appeared to be elongate and trending north-northeast, with a moderately flat dip to the northwest and having a drilled thickness of over 400 m in places.

 

In 2018, drilling continued in the Goldstorm Zone with the intent of exploring possible extensions of the mineralized area to the north of, and west of, previous drill holes. Twelve holes, totalling 7,238 meters, were drilled in 2018 in this new target area. The exploration program in 2019, comprimising 9,781 meters, continued the exploration of the Goldstorm Zone. In 2020 Tudor has initiated an aggressive drill program of up to 40,000 meters at Treaty Creek.

 

To date, succesful step-out drill holes (GS-20-64 and GS-20-66) have expanded the defined area of Goldstorm mineralization to approximately 1,100 meters long by up to 600 meters wide.

Extensive intervals of gold mineralization were intersected in a number of the holes, such as hole GS-20-65 that averaged 1.161 g/t Au Eq over 930 m, including 348 m at a grade of 2.120 g/t Au Eq, and hole GS-20-73 that averaged 0.932 g/t Au Eq over 775.5 m including 229.5 m at 1.506 g/t Au Eq.

 

Gold mineralization at Goldstorm and Copper Belle is hosted primarily within andesitic tuffs and volcaniclastic rocks, with only limited sections of intrusive rocks observed. All rocks are altered to varying degrees, with typically abundant chlorite, as well as localized sericite, potassium feldspar and zones of silicification. Pyrite is abundant in the strongly mineralized areas, occurring as disseminations, veins and coarse masses, with local sparse specks of chalcopyrite. Quartz-carbonate veins are common and appear to post-date the pyritic groundmass; some contain fine pyrite and local chalcopyrite, galena and arsenopyrite. Minor visible gold has also been observed in the quartz-carbonate veins.

 

The summary of results provided in the table above includes the most promising gold intersections reported to date. Several of the holes returned well-mineralized intervals of over 900 meters in length. Each new broad interval of gold mineralization adds considerably to the known size of the Goldstorm and Copper Belle zones and to the potential number of contained ounces of gold. TUDOR GOLD is working toward collecting sufficient data to enable the calculation of an economic resource encompassing the Goldstorm and Copper Belle zones.

Goldstorm Zone

  • 33 deep drill holes (2017-2019)
  • 39 deep drill holes (over 43,972 meters drilled in 2020)
  • Holes spaced 100 to 150 m apart
  • The current known length of the northeast axis of the Goldstorm Systemis over 1,100 meters long and the southeast axis is at least 600m across, and it remains open in all directions and to depth.
  • Several broad gold intercepts returned.

Copper Belle Zone

  • 72 drill holes
  • Holes mostly <100 m apart
  • Numerous gold intercepts of moderate length returned

Drill target Perfectstorm (PSZ) - A new Discovery on Treaty Creek

Tudor Gold announced in their news release on September 9, 2020 the Discovery of a new gold system. The drill target is a large magnetic anomaly called Perfectstorm (PSZ) that is located along the same fault structure (Sulphurets Thrust Fault) as the Goldstorm Zone, which is approximately 2 km to the northeast.

In 2020, Tudor Gold drilled three holes compromising 1,636 meters at the Perfect storm Target.

All three holes have intersected the newly discovered gold-dominant PSZ System. These diamond drill holes targeted parts of a 1.5 kilometer-wide geophysical porphyry-style gold-copper-silver bearing system on trend, and approximately 4 km northeast from Seabridge’s Iron Cap Deposit, which is located at the southwestern boundary of the Tudor Claim block.

 

Drill hole PS-20-01 averaged 0.594 g/t Au Eq over 133.5 m;

Drill hole PS-20-02 averaged 0.621 g/t Au Eq over 151.0 m;

Drill hole PS-20-03 averaged 0.402 g/t Au Eq over 220.5m.

 

Goldstorm Zone Plan View

GR2 Zone

The GR2 zone is located 1100 m northwest of the Copper Belle zone on an upper mountain slope. Several linear alteration zones, cutting exposures of volcanic and sedimentary rocks, consist primarily of quartz, sericite, and pyrite, with lesser carbonate. Semi-massive to massive pods of galena and sphalerite have been discovered in talus blocks and trenches near the alteration. Silicification with disseminated pyrite appears to be spatially associated with growth faults and may represent a deep epithermal setting, whereas the more massive sulphides may have a volcanogenic massive sulphide (VMS) affinity. Gold grades in trenches typically average in the 1.0 to 5.0 g/t range, with strongly elevated values of Pb, Zn, Ag, Sb and As. These indicator metals are commonly present in both epithermal systems and VMS feeder zone veins. Trench exposed pods of coarse grained stratabound lead and zinc sulphides, accompanied by intensive silicification have returned some high gold and silver values. Drilling in the GR2 zone has been confined to a relatively small area, roughly 220 metres wide by 250 metres long, to depths of 400 metres. From 2007 to 2017, a total of 43 drill holes, comprising 11,315 metres have been drilled in thisarea, with 32 of those holes returning significant values over generally narrow widths. One of the better examples is hole TC07-24, which intersected 6.80 m averaging 1.4 g/t gold, 93.9 g/t silver, 0.27% copper, 4.4% lead and 2.6% zinc within a silicified breccia and stringer zone Mineralization remains open along strike and at depth.

GR2 Significant Drill Results

Hole-IDFrom (m)To (m)Length (m)*Au (g/t)Ag (g/t)Cu (%)Pb (%)Zn (%)
GR2‐09‐0189.4590.651.21008.0
332.8335,002.28.23
GR2‐09‐02368.5377.69.12.83
GR2‐09‐03214214.90.90.93178.00.155.623.69
GR2‐09‐04244.4244.80.41.80222.01.004.733.65
256.2256.653.90.47146.13.812.18
259.2270.6511.452.25
GR2‐09‐06273.9274.60.70.83351.016.329.34
GR2‐09‐07264278.514.55.44
TC07‐24GR2208.7215.56.81.4093.90.274.412.59

All widths are downhole intervals as there has been inadequate drilling to determine true width.

 

Mr. Ken Konkin, P.Geo, Company’s  Exploration Manager is the Qualified Person for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained on Company’s website.

Eureka Zone

The Eureka zone is located 1500 m east of the Copper Belle zone, near the west edge of an extensive, bright yellow-orange gossan zone covering over one square kilometer of clay, sericite, quartz and pyrite alteration. Alteration overprints several different rock units, including volcanic flows and breccias, plagioclase-porphyry intrusions, and minor sedimentary rocks. Alteration mineralogy suggests a shallow magmatic hydrothermal or epithermal environment of formation, with the potential to host gold-silver bearing veins and pervasive lower grade disseminated gold-silver mineralization.

 

At the Eureka showing, outcrops are cut by veins infilled with fine to coarse-grained quartz, calcite, and pyrite. Veins have steep dips with variable orientations and form weakly sheeted to stockwork zones. In the Eureka zone and surrounding area about 20 holes have been drilled on various targets. Several long intervals of weakly elevated gold grades were returned, such as 0.46 g/t Au over 169.2 m (DH 97-1) and 0.69 g/t Au, 2.9 g/t Ag over 75.5 m (TC07-02). Additional drilling is required to better define the mineralized areas.

 

This page contains forward-looking statements. Please read the Legal Notice for further information.

 

Mr. Ken Konkin, P.Geo, Company’s  Exploration Manager is the Qualified Person for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained on Company’s website.