Note: There are eight sections to Treaty Creek in the blue menu above.
Treaty Creek hosts potential for multiple mines starting with a multi-million-ounce open pit mine at the Goldstorm zone with higher grades and much better logistics than the neigbouring KSM deposits (Seabridge). The 2019 drill program started on June 10th and consists of 14,000m of diamond drilling over 20 holes designed to deliniate a deposit suitable for an open pit mine.
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 188m 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 2019 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 but is blessed to be "on the right side of the mountain" with direct access to the highway and power. The entire Sulphurets Hydrothermal System is connected at depth with strong 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 Goldstorm / Copper Belle zones 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. After 2018 drilling the volume of mineralized rock increased from 50 to 300 million tonnes with the last hole intersecting 563.8m of 0.98g/t gold and unknowingly stopped while still in the gold zone. The 2019 drill program is designed to cover an area well over one billion tonnes of rock. Assays will reveil how much of that will become part of a potential depsit. A future NI 43-101 resource calculation will reval the total.
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. The president of Tudor Gold is Walter Storm who financed the start up and development of Osisko Mining (Malartic mine that sold for $4.5bn Canadian).
The new head geologist at Treaty Creek is Ken Konkin, the former head geologist for Pretivm, who just spent the last 8 years developing and putting the Brucejack mine into production (some 6km south of Treaty). He is bringing his knowledge, experience, and expertise of the Sulphurets Hdrotehrmal System to develop the deposits in it's northern half. Konkin not only believes the northern half has potential for similar scale deposits but the assays are showing the gold (and gold equivalent) values get stronger the further north in the system (located on Treaty Creek).
Highlights of holes on the Goldstorm & Copper Belle zones (working towards a resource calculation) are listed below. Many of the holes listed below end in mineralization. There are numerous wide intervals with higher grades for a porphyry deposit. The strongest mineralized horizions occur near sufrace in the uppermost parts of the mineralized body.
563.8m of 0.98 g/t Au (1.08 g/t AuEq) inc 280.5m of 1.14 g/t Au & 156m of 1.15 g/t Au
407m of 0.675 g/t Au inc 171.5m of 0.81 g/t Au
430m of 0.625 g/t Au inc 147 of 1.03 g/t Au
410m of 0.67 g/t Au
314m of 0.733 Au
337.5m of 0.76 g/t Au inc 124.5m of 0.98 g/t Au & 54m @ 1.1 g/t Au
369m of 0.69 g/t Au inc 43m of 1.81 g/t Au & 22m @ 1.49 g/t
338m of 0.70 g/t Au inc 54m of 1.12 g/t Au & 122m of 0.97 g/t Au
241m of 0.80 g/t Au inc 191m @ 0.92 g/t Au
337.8m of 0.66 g/t Au inc 121.8m of 1.03 g/t with 37m of 2.2 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 & 51m @ 0.84 g/t
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
213m of 0.96 g/t Au
210m of 0.79 g/t Au inc 66m @ 1.55 g/t Au
120m of 1.01 g/t Au
70m of 1.01 g/t Au
76m of 0.9 g/t Au
45m of 1.33 g/t Au
183m of 0.71 g/t Au
169.5 of 0.73 g/t Au