Tudor Gold Announces Significant Increase in Goldstorm Deposit’s Ounces and Grade Tudor Gold Announces Significant Increase in Goldstorm Deposit’s Ounces and Grade

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An updated resource estimate published on Tuesday revealed a bountiful 27.87 million oz. of AuEq nestled within 730.2 million tonnes at an enviable grade of 1.19 g/t AuEq. The trove comprises 21.7 million oz. of gold, 128.7 million oz. of silver, and 2.9 billion lb. of copper at grades of 0.92 g/t, 5.48 g/t, and 0.18% respectively. This spells out to a 16% increase in gold, a 14% increase in silver, and a substantial 32% increase in copper content from the previous resource estimate, which was a mere speck on the historical timeline almost a year ago.

The CS-600 domain, a vital constituent of the deposit, anchored in a well-defined intrusive porphyry system, boasts an indicated mineral resource of 15.7 million oz. of AuEq nestled within 400.3 million tonnes at 1.22 g/t AuEq. This domain shelters a gold resource of nearly 10 million oz. at 0.78 g/t and a copper treasure of 2.7 billion lb. at 0.31%. The CS-600 resource has surged by a staggering 58% since last year’s update, laying the benchmark even higher.

Further enriching this impressive deposit is an inferred resource of 6.0 million oz. AuEq snuggled within 149.6 million tonnes at 1.25 g/t AuEq. This captivating bounty comprises 4.9 million oz. of gold adorned with a grade of 1.01 g/t, 29.0 million oz. of silver sparkling at 6.02 g/t, and 503.2 million lb. of copper at 0.15%.

Ken Konkin, Tudor’s CEO, expressed delight at the outcome of the 2023 drilling exercise, stating, β€œWe not only pushed out the edges of the deposit, but we also successfully increased the grade of the inferred mineral resource.”

Originally pegged at 7.35 million oz. of AuEq grading 0.98 g/t AuEq, the 2023 inferred mineral resource received a makeover as the Tudor team managed to elevate some of those ounces to the indicated category while boosting the grade of the current inferred mineral resource.

β€œThe higher gold-equivalent grades in the inferred category strongly suggests that we have not yet reached the zenith of the Goldstorm mineralized system. We hope that the 2024 drill program can furnish us with clear information about the configuration and boundaries of the deposit, as it remains open in all directions and at depth,” he added, illustrating the ongoing pursuit of buried treasures.

With unwavering determination, the company is persisting with its efforts to expand the gold-silver-copper porphyry mineralizing system at Goldstorm, endeavoring to outline its economic viability. Tudor currently holds 60% ownership of this promising venture.

In response to this substantial growth, shares of Tudor Gold leapt by 6.2% to C$0.85 as of 12:30 p.m. ET, propelling the market capitalization of the Canadian junior explorer to a substantial C$194.7 million.

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