Tudor Gold secures exploration permits for Treaty Creek property in Canada

GlobalData

Fri, May 2, 2025, 6:56 AM 2 min read

Tudor Gold has received five-year exploration permits from the British Columbia (BC) Ministry of Mining and Critical Minerals for its Treaty Creek property in the Golden Triangle of north-western BC, Canada.

The permits are valid until 31 May 2030 and will allow the company to progress with its mineral exploration activities, focusing on the high-grade Supercell-One (SC-1) gold complex, discovered through previous drilling campaigns.

Tudor Gold plans to conduct geotechnical drilling to support infrastructure planning for a proposed exploration ramp. Currently, the company is applying for the necessary permits to proceed with the underground development.

Once operational, the ramp will offer cost-effective, underground access to the SC-1 area throughout the year, facilitating ongoing exploration.

It is also expected to serve as a pivotal infrastructure component for the future development of the larger Goldstorm Deposit, a gold-copper porphyry system.

The Treaty Creek project is not only home to the Goldstorm Deposit, but also hosts several other mineralised zones, positioning Tudor Gold for extensive exploration opportunities.

The 2024 drill results from the SC-1 Zone have demonstrated the continuity and high-grade nature of the gold mineralisation, likened to the geology of Newmont's nearby Brucejack gold deposit.

With the underground drift in place, Tudor Gold aims to initiate a focused drilling programme of up to 25,000m to expand and further delineate the SC-1 and adjacent targets.

Notably, these SC-1 drill results have not been included in the February 2024 mineral resource estimate, which reported 27.9 million ounces of gold equivalent at an average grade of 1.19 grams per tonne. The Goldstorm Deposit, encompassing the SC-1, remains open in all directions and at depth.

Tudor Gold president and CEO Ken Konkin said: “We are excited to advance the Treaty Creek Project by focusing on the high-grade SC-1 complex, by advancing our plans to submit more applications that will transition the Treaty Creek Project from a ’Greenfields’ project to a ‘Brownfields’ project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and expansion of the SC-1 complex from underground.

“Our proposed exploration ramp is expected to significantly reduce both the cost and time required to drill and define emerging high-grade gold targets by enabling the use of underground drill stations – delivering far greater efficiency than conventional surface drilling. Once completed, the underground infrastructure could provide long-term strategic value, supporting future exploration and potential mining operations within the SC-1 complex and the other Goldstorm domains, in particular the adjacent CS-600 domain.”