Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
Vancouver-based Tudor Gold Corp. is cutting nice long intersections of mineralization at the Goldstorm zone on the Treaty Creek property. One was 838.5 metres long and averaged 0.725 g/t gold, including an upper horizon at 1.048 g/t over 328.5 metres.
Treaty Creek is 70 km north of Stewart and only 10 km from the former Eskay Creek mine. The property is 60% owned and operated by Tudor Gold. American Creek Resources and Teuton Resources each have a 20% share.
Other intersections were equally impressive: 826.5 metres at 0.696 g/t with an upper horizon at 0.998 g/t over 249.0 metres; 87.0 metres at 2.006 g/t (the highest assay) within 336.0 metres at 1.004 g/t; and 252.0 metres at 1.268 g/t, 301.5 metres at 0.828 g/t, and 328.5 metres at 1.048 g/t gold. The property is also returning silver and copper mineralization associated with the deeper gold horizons.
The mineralization remains open in all directions.
(This article first appeared in the Canadian Mining Journal)
