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The Golden Triangle is one of the world’s key locales for large gold deposits.
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Just in the immediate area around Tudor Gold’s (TUD.V; TDRRF.OTC) 60%-owned Treaty Creek project are massive projects like Seabridge Gold’s KSM deposits, Newmont’s Brucejack Mine and Skeena Resources’ Eskay Creek project.
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And in just five short years, Tudor Gold has turned Treaty Creek into a world class gold deposit in its own right.
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As you’re about to see, it’s a story that so far has flown largely under the market’s radar.
That’s to your advantage, as current trading levels for the company make for an ideal entry point, especially given the current state of the gold market.
Read on to discover what Tudor Gold and its massive gold-copper-silver resource at Treaty Creek offer investors.
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A Truly World-Class Deposit
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Located in the Golden Triangle to the east of Eskay Creek and the north of KSM and Brucejack, Treaty Creek lies in the heart of the British Columbia’s Golden Triangle.
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Click image to enlarge.
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Treaty Creek’s Goldstorm deposit is part of a “string of pearls” of gold deposits that lies along the Sulphurets Thrust Fault and includes the KSM deposits.
How big is Goldstorm?
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Northern Miner ranks it as the 10th largest undeveloped gold deposit in the world. It contains 27.9 million ounces of indicated gold equivalent (21.7 million ounces of gold, 2.87 billion pounds of copper and 128.7 million ounces of silver).
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In addition, it hosts an inferred resource of another 6.03 million ounces gold equivalent (4.88 million ounces gold, 503.2 million pounds of copper and 28.4 million ounces of silver).
Remarkably, as big as this deposit is, it remains open for expansion.
Plus, other mineralized zones on Treaty Creek, including Perfectstorm, Eureka and Calm Before the Storm, could yield even more gold, copper and silver, as they have been drilled and are also open for expansion.
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From Zero To Over 30 Million Ounces
In Just Five Years
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Treaty Creek is an extraordinary exploration success story.
From the initial recognition of Goldstorm as a separate deposit in 2018, Tudor Gold has drilled more than 175,000 meters of core on the project.
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In five short years, the resource has grown from zero to over 30 million ounces gold equivalent in the indicated and inferred categories.
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Along the way, the hit rate on that drilling has been phenomenal, with drilling returning mineralization on 180 out of 182 holes.
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Discovery costs have averaged out to just C$2 an ounce!
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Following In The Footsteps Of
Other Golden Triangle Behemoths
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In growing Goldstorm into this vast gold-copper-silver resource, Tudor Gold’s President and CEO Ken Konkin is following a path he blazed with the Brucejack Mine’s Valley of the Kings discovery.
Konkin has over 40 years’ experience exploring for precious and base metals. In the 2010s, he helped Pretium Resources discover and grow the Valley of the Kings deposit at Brucejack, which was later put into production by Tudor Gold advisors Joe Ovsenek and Ken McNaughton.
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That discovery is now an active mine that generated 286,000 ounces of gold in 2023.
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Ovsenek, McNaughton and Konkin, have all been credited for their roles for advancing Pretium, leading towards an eventual C$2.8 billion buyout by Newcrest Mining in 2022. Newmont subsequently acquired Newcrest.
Given the scale of the resource Tudor has outlined at Goldstorm, a similar takeout somewhere down the road seems inevitable.
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Infrastructure Is Another Plus
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Adding to Goldstorm’s allure for a major is its location in the Golden Triangle.
The area has been very active in the past two decades, and infrastructure has improved along with the development of Golden Triangle mines.
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Treaty Creek is just 20 kilometers from an all-weather paved highway and has year-round running water. A Northwest Transmission Line extends from the town of Terrace, BC to the Red Chris mine.
Thanks to airports in Smithers and Terrace, the project enjoys air service within 350 kilometers. In addition, the Bob Quinn gravel airstrip lies 40 kilometers north of Treaty Creek.
There’s a deepwater port at the city of Stewart and a winter access road is available for transporting heavy equipment.
Plus, Seabridge Gold is putting in a road and a power transmission line that will likely cross Treaty Creek.
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The bottom line is Tudor Gold doesn’t need to make a lot of improvements to make Treaty Creek an enticing target for some resource-hungry major.
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Upcoming Catalysts
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Tudor Gold is drilling right now at Treaty Creek, conducting a large, 10,000-meter drill program that will attempt to identify a high-grade starter zone to boost Goldstorm’s economics.
The company is also conducting metallurgical work that will inform an upcoming PEA that’s due out in Q2 2025.
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So, drill results will be forthcoming in the months ahead just as a hot gold market should begin attracting more generalist investors into the sector.
And when they look for the best values, they’ll see Tudor Gold — with over 30 million ounces trading at less than $10 per ounce.
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In short, the time to begin looking closely at adding Tudor Gold to your portfolio is now.
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