Tudor Gold Announces Positive Metallurgical Testing Results for the Goldstorm Deposit, at Treaty Creek, Located in the Heart of the Golden Triangle, Northwestern British Columbia
Tudor Gold Announces Positive Metallurgical
Testing Results for the Goldstorm Deposit, at
Treaty Creek, Located in the Heart of the
Golden Triangle, Northwestern British
Columbia
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2024) - Tudor Gold Corp.
(TSXV: TUD)
(FSE: H56) (OTC Pink: TDRRF)
(the "
Company
" or "
Tudor
") is pleased to announce an update to
ongoing metallurgical testwork on the Goldstorm gold, copper and silver deposit, located on the Treaty
Creek Project situated within the Golden Triangle of British Columbia.
Highlights from the Metallurgical Testing on the Lower CS-600 Sub-Domain include:
Flotation recoveries
within the Lower CS-600 sub-domain
totaled up to 88.1% copper, 63.8%
gold, and 51.3% silver;
Flotation testing confirmed that a high-grade copper concentrate with significant quantities of gold
can be produced from the Lower CS-600 sub-domain, that exceed
29% copper with significant
gold and silver grades of 33 g/t and 96 g/t
, respectively;
The flotation program uses a typical copper flowsheet to produce the saleable copper concentrate
mentioned above. Further flotation testwork is ongoing to produce a separate pyrite concentrate
containing gold and silver. The positive results from flotation, in conjunction with previous oxidative
leaching methods (such as Pressure Oxidation or Albion), continue to support the previously reported
gold recoveries of 90% for the Lower CS-600 domain. The testing program was designed and executed
with sufficient rigor to support a future Preliminary Economic Assessment (PEA).
Commenting on the results, Ken Konkin, President & CEO of Tudor Gold, stated
, "We are very
pleased with the results obtained from the locked-cycle flotation tests from this phase of metallurgical
testing on material from the lower portion of the CS-600 Domain (CS-600L). We estimate more than
50% of the CS-600 Domain is located within the lower portion (the CS-600L sub-domain). Through a
simple rougher-cleaner flotation process we were able to produce an exceptionally clean, high-grade
concentrate with excellent metal recoveries, with over 88% for copper and approximately 64% for gold.
The CS-600L sub-domain is located in the same area which hosts the newly discovered Supercell-1
(SC-1) high-grade gold complex. Our engineering team has recommended initial metallurgical tests to
be conducted on material collected from the SC-1 drill hole intercepts. The SC-1 composite sample will
be shipped to SGS Labs for metallurgical tests.
Our concept is to focus on the high-grade SC-1 to study the possibility of extracting as much high-grade
gold as possible while potentially building out the infrastructure to access the CS-600L area.
The plan is
to utilize the same workings from the Supercell complex to access the CS-600 domain. These latest
results from the CS-600L Domain significantly de-risk the Goldstorm project with respect to metallurgical
characteristics of the copper-gold mineralization and will be utilized in a future Preliminary Economic
Assessment (PEA).
Additionally, two gold-dominant domains, 300H and DS5, have demonstrated high gold recoveries from
previous oxidation/cyanidation tests, with results exceeding 94% gold recovery for the Albion process
and in excess of 98% gold recovery for pressure oxidation tests. We were very pleased to observe that
no deleterious compounds were formed from any of the types of oxidation-leach tests completed, which
will allow our technical team to conduct trade-off studies for recovery vs costs for each process. Given
the favorable metallurgical test results obtained from this gravity/flotation system for the CS-600L sub-
domain, testing and potentially expanding the SC-1 high-grade gold complex will be our primary focus
moving forward. Additional tests are also recommended to examine the northernmost part of CS-600
(CS-600N) which has never been tested previously and continued tests on the upper CS-600 (CS-
600U). However, the lower portion of CS-600 has enough volume to mine and process 40,000 tonnes
per day (tpd) over 17 years producing a highly desirable copper concentrate with good gold and silver
credits. The goal for the Treaty Creek Deposit is to be able to produce at least 500,000 AuEQ ounces
per year.
Our mineral process engineers can determine the optimal size and type of mineral processing
to be considered for advancing the project that will part of the PEA with a series of trade-off studies
examining the most economical path forward for the Treaty Creek Project."
GOLDSTORM DEPOSIT - Viewing Southwest (220°/-10°)
Figure 1 -
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this link
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Metallurgical Test Work and Results:
Recent metallurgical testing carried out at Blue Coast Research, under the supervision of Tad Crowie, P.
Eng. of JDS Energy & Mining Inc. demonstrated that a high-grade copper concentrate could be
produced from the Lower CS-600 sub-domain. The locked cycle test achieved recoveries of 88.1%
copper, 63.8% gold, and 51.3% silver into a concentrate with grade exceeding 29% copper and 30 g/t
Au for the Lower CS-600. A locked cycle test is considered an important step in developing a mineral
processing flowsheet which incorporates flotation, as it demonstrates the effects that re-cycle streams
will have on the overall process. The tests were completed on samples that are consistent with those
used for the previous metallurgical testing and had gold and copper feed grades of 0.91 g/t Au and
0.59% Cu, which are consistent with the grades in the Lower CS-600 sub-domain.
The current flotation flowsheet follows a typical copper flotation circuit configuration, with standard
copper flotation reagents, as seen in Figure 1. The primary grind in the current testwork has been
reduced from a P
80
of 120 µm used in the previous testwork program to a P
80
of 75 µm allowing for a
higher overall recovery of copper than has been previously achieved. The gold recoveries have achieved
similar results to previous flotation testwork.
Locked Cycle Test Flowsheet:
Image 2 - Source: Blue Coast Research (2024)
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A rougher concentrate regrind target of P
80
of 30 µm allowed the production of a high-grade copper
concentrate, exceeding 29% copper with significant gold and silver grades of 33 g/t Au and 96 g/t Ag for
CS-600L.
The locked cycle test results for the combined products of last 3 cycles of the test (cycles 4, 5, and 6) can
be found in the table below. The locked cycle test achieved stability after the first 2 cycles, which
demonstrates that the flowsheet is stable, as well as validating the test results.
Highlights of the 2024 Locked Cycle testing on the Lower CS-600 Sub-Domain:
Product
Weight
Assays
Distribution
grams
%
Au
(g/t)
Ag
(g/t)
Cu (%)
S
(%)
Au
%
Ag
%
Cu
%
S
%
Cleaner 3 Conc
105.0
1.8
33.16
96.7
29.59
33.2
63.8
51.3
88.1
21.6
Cleaner 1 Tail
358.0
6.0
1.12
9.20
0.7
4.9
7.4
16.7
7.0
10.9
Rougher Tail
5532.7
92.3
0.28
1.14
0.03
1.97
28.8
32.0
4.9
67.5
Calculated Head
5995.7
100.0
0.91
3.30
0.59
2.69
100.0
100.0
100.0
100.0
Table 1 - Source: Blue Coast Research (2024)
The high copper concentrate grade, along with high levels of gold and silver, achieved in this test
suggests that there are opportunities to pull the circuit harder to increase overall metal recovery.
QA/QP
The metallurgical program was carried out by Blue Coast Research of Nanaimo, B.C., selected to
conduct further mineralogical assessment of the Goldstorm sample material. The metallurgical and
mineralogical work was conducted under the supervision of Tad Crowie, P. Eng of JDS Energy & Mining
Inc., a Qualified Person as defined by NI 43-101. Mr. Crowie has reviewed this news release and agreed
to its contents.
Ken Konkin, P.Geo, President and CEO, Tudor Gold, is the Qualified Person, as defined by National
Instrument 43-101, responsible for the Project. Mr. Konkin has reviewed, verified, and approved the
scientific and technical information in this news release.
Standard QA/QC sampling procedures are maintained by SGS and Blue Coast to ensure accurate and
representative testing.
About Treaty Creek
The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry
system, as well as several other mineralized zones. As disclosed in the
"NI-43-101 Technical Report for
the Treaty Creek Project", dated April 5, 2024 prepared by Garth Kirkham Geosystems and JDS Energy
& Mining Inc., the Goldstorm Deposit has an Indicated Mineral Resource of
27.87 Moz of AuEQ grading
1.19 g/t AuEQ (21.66 Moz gold grading 0.92 g/t, 2.87Blbs copper grading 0.18 %,
128.73 Moz silver
grading 5.48 g/t) and an Inferred Mineral Resource of 6.03
Moz of AuEQ grading 1.25 g/t AuEQ (4.88
Moz gold grading 1.01g/t, 0.503
Blb copper grading 0.15 %, 28.97
Moz silver grading 6.02 g/t), with a
pit constrained cut-off of 0.7
g/t AuEQ and an underground cut-off of 0.75
g/t AuEQ. The Goldstorm
Deposit has been categorized into three dominant mineral domains and several smaller mineral
domains.
The CS-600 Domain largely consists of an intermediate intrusive stock and hosts the
majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated
Mineral Resource of 15.65 Moz AuEQ grading 1.22 g/t AuEQ (9.99 Moz gold grading 0.78 g/t,
2.73 Blbs copper grading 0.31%, 73.47 Moz silver grading 5.71g/t) and an Inferred Mineral
Resource of 2.86 Moz AuEQ grading 1.20 g/t AuEQ (1.87 Moz gold grading 0.79 g/t, 0.48 Blb
copper grading 0.29%, 13.4 Moz silver grading 5.63 g/t).
The Goldstorm Deposit remains open in all
directions and requires further exploration drilling to determine the size and extent of the Deposit.
About Tudor Gold
TUDOR GOLD CORP. is a precious and base metals exploration and development company with
claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing
mines and several large deposits that are approaching potential development. The 17,913-hectare
Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM
property to the southwest and borders Newmont Corporation's Brucejack property to the southeast.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail:
Or
Patrick Donnelly
Vice President of Capital Markets
Phone: (604) 559 8092
E-Mail:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Statements regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. "Forward-looking information" includes, but is not limited to, statements with
respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including the completion and anticipated results of planned exploration activities.
Generally, but not always, forward-looking information and statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the Company's planned exploration activities will be completed in a timely
manner. Although the assumptions made by the Company in providing forward-looking information or
making forward-looking statements are considered reasonable by management at the time, there can
be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's plans or expectations include risks
relating to the actual results of current exploration activities, fluctuating gold prices, possibility of
equipment breakdowns and delays, exploration cost overruns, availability of capital and financing,
general economic, market or business conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time to time in the filings made by the
Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information and statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated, estimated
or intended. Accordingly, readers should not place undue reliance on forward-looking statements or
information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
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