Canada to impose more tariffs on Chinese imports in new year
Ottawa has decided to apply tariffs to imports of critical minerals from China.
American Creek Resources and Tudor Gold released results of the initial Mineral Resource Estimate for the Goldstorm and Copper Belle Zones at their flagship property, Treaty Creek, located in British Columbia.
A total of 218 holes totaling 105,658.8 metres were drilled, and, according to the company, the constraining open-pit shell contains 14.15 million ounces of Measured and Indicated gold equivalent ounces at an average grade of 0.72 gpt AuEq and 5.26 million Measured and Indicated AuEq ounces at an average grade of 0.80 gpt AuEq.
The 179-sq.-km property within the Golden Triangle borders Seabridge Gold’s KSM project to the southwest and Pretium Resources’ Brucejack property to the southeast.
Midday Monday, American Creek’s stock was up nearly 15% on the TSXV
Tudor Gold has a 60% interest in Treaty Creek; American Creek Resources and Teuton Resources each hold a 20% interest.
“The Goldstorm Zone remains open on all fronts and to depth, and our priority for 2021 will be to complete the drilling to the Northeast and Southeast limits as well as to depth. The objective will be to convert as much of the 7.9 million ounces of Inferred Mineral Resource averaging 0.79 gpt AuEq to Measured and Indicated Resource classifications, in addition to finding the limits to the mineralized zones within the Goldstorm Zone,” Tudor Gold president Walter Storm said in a media release.
The company said only 10-12% of the gold equivalent values are attributed to silver and copper mineralization – indicating a strong gold-dominate system.
Midday Monday, American Creek’s stock was up nearly 15% on the TSXV. The company has a C$134 million market capitalization. Tudor Gold’s stock was up 2.69%.
