Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
American Creek Resources (TSXV: AMK) and its JV partner Tudor Gold (TSXV: TUD) have announced that the latter has initiated metallurgical studies for the Treaty Creek project, located in the Golden Triangle of northwestern British Columbia, Canada.
In a press release, the miners said that this study will focus on the mineral characteristics and the prospects of developing Treaty Creek as a bulk tonnage mining target using conventional processing techniques.
Treaty Creek is located 70 kilometres north of the town of Stewart and only 10 kilometres from the former Eskay Creek mine. The property is 60% owned and operated by Tudor Gold, while American Creek and Teuton Resources each have a 20% share
“The test work will be conducted on material selected from the extensive continuously mineralized drill core intervals encountered in the 2019 exploration program,” the media brief reads. “The metallurgical test results will be used as part of the initial economic assessment for the project.”
To move forward at Treaty Creek, the companies also signed an agreement with RTEC, which is a joint venture partnership between ERM Consultants Canada and the Tahltan Nation Development Corporation, to begin preliminary baseline studies on surface water quality, hydrology, atmospherics, wildlife and archaeology. These analyses will be required for provincial permitting.
“Both studies will begin in conjunction with the 2020 diamond drill hole exploration program that is planned to start this spring,” Tudor Gold’s vice president of project development, Ken Konkin, said in the release.
“In addition, our geologists will select representative composite samples from last year’s drill holes as the basis for our preliminary metallurgical studies.”
