Tudor Gold drills 20.61 g/t Au over 4.5m at Treaty Creek in British Columbia

The project was previously explored by BHP and Newmont.

The latest discovery is in the footwall of the higher-grade Kiena Deep A zone.

The site produced approximately 379,000 gold oz between 1964 and 1997.

A review of capital raisings between February 2020 and February 2021 found that of the $2.9 billion raised for gold projects in 41 countries, 75% went to projects in just five countries, Mining Intelligence says.

The indicated resources total 22.6 million tonnes at 1.34 g/t gold, for 975,000 oz., with inferred resources of 6 million tonnes grading 0.92 g/t gold.

The expansion would increase production to an average of 218,000 gold oz. annually.

Drill highlights include 13.8 metres of 8.46 g/t gold from 290 metres.

Highlights from the latest drilling at the deposit intersected 16 metres grading 26.5 grams gold per tonne from 233 metres, including 2 metres of 115.3 grams per tonne.

Miner started drilling at the Murdie project in South Australia, despite opposition from an Aboriginal group that says the project will damage a sacred area.