Note: There are eight sections to Treaty Creek in the blue menu above.
The Treaty Creek property is located within one of the largest richest hydrothermal systems in the world. The Sulphurets Hydrothermal System contains numerous world scale deposits including the high-grade Brucejack mine (opened 2017 by Pretivm) and Seabridge’s KSM which boasts the largest undeveloped gold deposit by reserves in the world, and numerous mineralized zones on Treaty Creek.
The southern half of the system contains 215m oz gold, 1.2 bn oz silver, 55bn lbs. copper in resources all categories included. In proven & probable reserves those numbers are 47m oz gold, 214m oz silver, and 10bn lbs copper. New resources are being added and current resources are being converted over to reserves. Numerous analysts are predicting Seabridge to partnership in 2018 to go into production.
The northern half of the system covers Treaty Creek and has similar geophysical, geological, and structural signatures as the southern half. The entire system is connected at depth with indications that the north half has similar scale and potential. This projection is backed by a government geological report stating Treaty Creek’s potential to be “B.C.’s next big discovery”. -Kyba 2014.
Tudor Gold (operator) believes that exploration of the Copper Belle zone up to the end of 2017 has indicated the potential for 1.8 to 1.9 million ounces of gold contained within 45 - 50 million tonnes grading 1.12 to 1.35 g/t gold. The 2018 drill program is designed to significantly increase the known extent of the mineralized area at Copper Belle to work towards preparation of a mineral resource.
Treaty Creek is joint ventured project. Tudor Gold is the operator of the project. American Creek Resources has a 20% carried interest in the project until a production notice is given. That means Tudor Gold carries the full costs of exploration and American Creek is not obliged to dilute or contribute any money towards the project until production notice. A carried interest is therefore worth far more than a general interest.
Highlights of holes on Copper Belle (where the resource calculation is being done) are listed below. A full listing of assays can be found here.
337.5m of 0.76 g/t Au inc 124.5m of 0.98 g/t Au
369m of 0.69 g/t Au inc 43m of 1.81 g/t Au
149.1m of 1.78 g/t Au inc 59.2m of 2.84 g/t Au
115.5m of 1.31 g/t Au inc 39.0m of 2.38 g/t Au
90.5m of 1.21 g/t Au inc 70.5m of 1.47 g/t Au
176m of 0.80 g/t Au inc 28.5 m of 1.07 g/t Au & 10m of 2.9 g/t Au & 61m of 0.70 g/t Au
94.5m of 0.75 g/t Au inc 76.5m of 0.86 g/t Au
338m of 0.70 g/t Au inc 54m of 1.12 g/t Au & 122m of 0.97 g/t Au (2016)
241m of 0.80 g/t Au (2009)