Step-out drilling of the Goldstorm deposit revealed that it continues to the northeast, on development from Seabridge’s property. Goldstorm stays open in all instructions and at depth.
Highlights of the 4 most up-to-date holes included:
- GS-21-119: 564 metres grading 0.96 g/t gold, 8.45 g/t silver and 244 ppm copper, together with 196.5 metres at 1.62 g/t gold, 10.31 g/t silver and 153 ppm copper;
- GS-21-116: 1,092 metres grading 0.52 g/t gold, 2.84 g/t silver and 352 ppm copper, together with 57 metres at 1.18 g/t gold, 6.79 g/t silver and 502 ppm copper, and 261 metres at 0.7 g/t gold, 2.99 g/t silver and 5,521 ppm copper;
- GS-21-114: 11 metres averaging 1.51 g/t gold, 1.33 g/t silver and 99 ppm copper; and
- EK-21-01: 217.5 metres grading 0.68 g/t gold, 3.85 g/t silver and 279 ppm copper, together with 139.5 metres at 0.82 g/t gold, 3.8 g/t silver and 390 ppm copper, together with 67.5 metres at 1.01 g/t gold, 5.6 /t silver and 467 ppm copper.
The final gap (EK-21-01) was drilled within the Eureka zone, which stays open in all instructions.
Tudor Gold’s VP exploration and venture improvement Ken Konkin stated the companions are happy with the outcomes of step-out drilling at Goldstorm, and extra drilling additional to the northeast is deliberate earlier than year-end.
Useful resource estimate
The preliminary pit-constrained useful resource estimate printed in March this yr for the Treaty Creek venture included measured and indicated sources grading 0.65 g/t gold, 3.2 g/t silver and 0.06% copper (0.72 g/t gold-equivalent). Contained metallic was estimated to be 12.7 million oz. of gold, 63.2 million oz. of silver and 770.5 million lb. of copper. That’s the equal of 14.2 million oz. of gold-equivalent. A cut-off of 0.3 g/t gold was used.
Out-of-pit measured and indicated sources are 205.9 million tonnes grading 0.7 g/t gold, 4.6 g/t silver and 0.07% copper. Contained metallic on this class is estimated to be 4.6 million oz. of gold, 30.2 million oz. of silver, and 325.6 million lb. of copper (5.26 g/t gold-equivalent). A cut-off of 0.46 g/t gold was used.
The in-pit inferred useful resource is 139.4 million tonnes grading 3.6 g/t gold, 3.2 g/t silver and 0.04% copper, for 3.5 million oz. gold-equivalent. The out-of-pit inferred useful resource is 172.3 million tonnes grading 0.72 g/t gold, 4.4 g/t silver and 0.06% copper, for an extra 4.4 million oz. gold- equal.
(This text first appeared within the Canadian Mining Journal)