SPONSOR: American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. 2020 drilling has started, with 18,000 to 20,000 metres from 7-10 drill platforms with four diamond drill rigs. The Treaty Creek property is located in the same hydrothermal system as the Pretivm and Seabridge’s KSM deposits and is fully funded for exploration in 2020. Click Here For More Info
- Located next to the world’s largest undeveloped gold deposit by reserves in B.C.’s Golden Triangle (KSM)
- Drilling has started 1 month early
- There are already holes shipped off to the lab for assays.
American Creek has a Fully Carried 20% Interest in the Treaty Creek Project
- The currently known length of the northeast axis of the Goldstorm system is 850 meters and the southeast axis is 600 meters by 700m depth.
- Mineralization depth in the north continues to 1,200m when the drills gave out
- The system remains open in both directions and in depth
- The total size of this mighty gold system has expanded significantly with each step-out borehole
- AMK Partner Tudor is planning a step-out of 150 meters to the east and the north in 2020.
- The richest mineralization at ‘Treaty Creek’ starts near the surface extending to a 300m depth, which clearly speaks for a future open pit mine.
- The gold system is open on all sides and the geology and geophysics indicate a much larger system than has been defined.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
Demand for world-class projects in politically stable regions such as Canada and Australia will increase significantly. Projects such as’ Treaty Creek ‘by Tudor Gold should be at the top of the big producers’ shopping list
JS Research from Germany just came out with a report on Treaty Creek and American Creek’s JV partner Tudor Gold, which includes projections for the size and value of the project. Below is the English translation:
TRANSLATED ARTICLE:
Tudor Gold Starts Powerful Drill Program With 22.5 To 32.1 Million Ounces Of Gold Eq Target ++ Billionaire Eric Sprott Invests Another CAD 2.9 Million!
The exploration pearl Tudor Gold Corp. (Ticker Canada: TUD, WKN: A2AJ7Y) we presented you in detail several times last year. Many of our readers can already look forward to exceptional price gains in their securities accounts, since the share has exploded from CAD 0.24 in 2019 to CAD 1.07 in the meantime! A gain of 345%. But that’s not all – we are convinced that Tudor Gold still has very high price potential.
Smart investors are now positioning themselves again at the perfect time – why? We have examined the latest company reports in more detail for you and summarized our assessment:
TOP NEWS 1:
Tudor Gold announced on May 11th (see link here) that the powerful drilling program has started on the flagship Project ‘Treaty Creek’ in BC’s Golden Triangle! The world-class explorer plans to drill a total of 20,000 meters there in the next few months. This means that this year’s drilling program is more than twice as large as last year when 9,781 meters were drilled in 14 holes.
TOP NEWS 2:
100% hit rate for the 2019 drilling program – all 14 holes have hit gold-bearing mineralization! Chapeau to the management team around the experienced CEO Walter Storm, who, as a co-founder of Osisko Mining (market capitalization then rose from under 10 million to over 4.5 billion CAD), had a real golden hand in exploration in Canada!
TOP NEWS 3:
The legendary star investor Eric Sprott has massively expanded his strategic stake in Tudor Gold! The billionaire announced on May 15, 20 that he had exercised two purchase warrants ahead of time and has thus transferred CAD 2.9 million to Tudor. (Read the German press release here: LINK) The smart Eric Sprott knows exactly how to make a lot of money in the raw materials sector! This further investment is a special seal of approval and strong proof of trust in the world-class Explorer Tudor Gold!!! Follow the ‘smart money’ and be there when Tudor Gold writes exploration history!
TOP NEWS 4:
Tudor Gold is one of the few exploration companies that are sufficiently funded to run such a mega exploration program! So there will be a lot of news flow in the next few months, which should cause extreme (positive) share price fantasy!
TOP NEWS 5:
The exploration team around Tudor Gold’s award-winning star geologist and VP Project Development, Ken Konkin , has even managed to start drilling four weeks earlier! This is top news, because the publication of the first drilling results can now be expected much earlier! Ken Konkin was instrumental in the discovery of Pretium Resources’ The Valley of Kings deposit. The very experienced Ken Konkin knows exactly what he is doing – we are expecting another successful exploration program this year!
TOP NEWS 6:
The company has big plans: On April 22, 20, Tudor announced that the metallurgical test work and preliminary basic studies on ‘Treaty Creek’ have started. For us, this is a strong sign that Tudor will continue to develop the project until it is ready for production after the release of a first resource (towards the end of this year?)! You can read the German press release here:
LINK TOP NEWS 7:
The gold price marked a new multi-year high of $ 1,765 in May and is still in a long-term cyclical uptrend. Many experts expect the nominal all-time high of around USD 1,920 to be exceeded in the next few months.
In April, the renowned American Bank of America made a forecast that gold could rise to up to USD 3,000 per troy ounce within 18 months! One of the reasons for the gold price rise is the launch of global economic stimulus programs and the massive expansion of money supply by the major central banks. It is estimated that the staggering $ 10 trillion in new money will be printed or launched on government programs.
These measures are designed to avert a severe recession / depression triggered by COVID-19. It is expected that we will see rapidly increasing inflation rates or even stagflation in the next few years! Gold is and remains one of the safest investments (a so-called ‘safe haven’) for investors in such an environment and offers the ultimate protection against inflation-related devaluation.
Gold stocks traditionally have significant leverage against gold. This means that if the gold price trend is positive, they will increase significantly more in percentage terms. Experience has shown that the typical leverage effect of a gold share is 1.5 to 4x. (A 1% price increase in gold usually means an increase of 1.5 to 4% for shares in the gold sector). Not so with Tudor Gold: the exploration company even had a much stronger lever on the gold price in 2019! It was a strong 12.6x in 2019! The stock increased from $ 0.24 to $ 0.79 from January 2, 2019 to December 31, 2018. This corresponds to a percentage increase of 229.2%. The gold price rose by only 18.1% over the same period. Tudor Gold’s leverage was 12.6x (calculation formula: 229.2: 18.1 = 20.5). [Gold lever Tudor gold]
TOP NEWS 8: Tudor Gold’s drilling results in 2019 are world class! We have listed a few of the most spectacular drill results to date:
Drill hole GS19-42: 0.849 g / t Gold Eq over 780 meters including 1.275 g / t Gold Eq over 370.5 meters in the 300 Horizon section;
Hole GS19-47: 0.697 g / t Gold Eq over 1,081.5 meters including 0.867 g / t Gold Eq over 301.5 meters in the 300 Horizon section;
Drill hole GS19-52: 0.783 g / t gold Eq over 601.5 meters incl. 1.062 g / t gold over 336.0 meters in the 300 Horizon section;
Hole GS19-48: 0.793 g / t Gold Eq over 927.0 meters;
Hole GS19-49: 0.800 g / t gold Eq over 826.5 meters including 1.080 g / t gold over 249 meters;
Hole GS19-50: 0.681 g / t Gold Eq over 577.5 meters; Hole CB-18-39: 1,086 g / t Gold Eq over 563.8 meters
Tudor Gold has already managed to define a significant mineralization corridor on Treaty Creek. The currently known length of the northeast axis of the Goldstorm system is over 850 meters and the southeast axis is at least 600 meters. The system remains open in both directions and in depth!
The total size of this mighty gold system has expanded significantly with each step-out borehole! As can be seen in the recently released press release, Tudor is planning another step-out well 150 meters away in 2020. Not to be painted if a long gold mineralization section is found again! And the best thing is that mineralization at ‘Treaty Creek’ starts near the surface, which clearly speaks for a future open pit mine!
Tudor Gold has therefore defined the so-called ‘Horizon 300 Zone’. This means the area of the first 300 meters from the ground. As you can see in the above results, the ore grades are often even over 1.00 grams of gold per ton! This increases the economy of this world-class project enormously. The gold system is open on all sides and the overall size has not yet been fully defined. Thus, Tudor Gold’s flagship project still has enormous exploration potential!
The company plans to begin producing an initial resource estimate for Treaty Creek immediately after the 2020 drilling season is completed. We took the trouble to simulate a potential resource based on the conceptual exploration target for Treaty Creek of 1 billion tons of rock and various assumptions of ore grades (grams of gold per ton). We would like to emphasize that this simulation is based on an interview by Ken Konkin with Swiss Resource Capital AG in November 2019 and various variable assumptions!
Tudor Gold’s star geologist Ken Konkin, Vice President Project Development, gave an impressive interview in November 2019.
Click on this link to watch the interview! LINK
Tudor Gold’s ‘Treaty Creek’ – the next significant world-class project in stable and mining-friendly Canada (BC) [Conceptual exploration target Treaty Creek]
As more and more gold producers have to replace their mined gold resources in order to maintain constant gold production, we believe that demand for world-class projects in politically stable regions such as Canada and Australia will increase significantly. Projects such as’ Treaty Creek ‘by Tudor Gold should be at the top of the big producers’ shopping list. Because the flagship project ‘Treaty Creek’ is close to the infrastructure of roads and electricity in mining-friendly western Canada.
Should Tudor Gold actually manage to prove an initial gold resource of 22-32 million ounces by the end of the year, there would be a highly explosive revaluation of the share! Currently, the market capitalization is only around CAD 137 million. As I said, Tudor Gold has not released a proven resource yet, but the spectacular drill results from 2019 show that the company may be controlling a world-class ore body on Treaty Creek!
We have created a hypothetical valuation matrix for Tudor Gold. If a producer were willing to pay, for example, USD 65 for each ounce of gold after the publication of a gold resource, the value of the gold treasure (eg 20 million ounces) at Treaty Creek would be CAD 1.98 billion. Tudor Gold’s 60% stake in Treaty Creek would have a value of $ 1.19 billion or $ 7.80 per share. This corresponds to a price potential of an incredible 748%!
[Hypothetical assessment of Treaty Creek]
Since Tudor Gold’s Treaty Creek project is located in politically safe Canada, a substantial takeover premium should be extremely realistic if a major is taken over by M&A.
$ 90 per ounce of gold is also easy in the realm of possibility. The takeover value for Tudor Gold would of course be correspondingly higher – in theory it would be approx. 10.80 CAD per share! That is why in previous articles we allowed Tudor Gold a clear potential for excavators. We expect huge news flow from Tudor Gold in 2020, especially for the upcoming drilling season, which will be a combination of ‘infill’ drilling and ‘step-out’ drilling.
In addition, the mineralization zones begin near the surface, which strongly suggests that a large open open- cast mine may develop here. And it is known that Tudor Gold’s flagship project can be connected to a few kilometers away infrastructure (electricity and road).
‘Wild Card’:
Seabridge Gold is the adjacent neighbor to Tudor Gold’s Treaty Creek project and plans to bring the “KSM project” into production. Should this extremely costly mine project, with an initial cost of capital of $ 5.4 billion estimated, ever be financed and go into production, Seabridge plans to build a tunnel directly through Treaty Creek. As can be seen from various company presentations and on the Seabridge website, this so-called ‘ Mitchell Treaty’ tunnel (‘MTT’) is to be used to design an underground train system via which not only ore but also personnel and consumables are to be transported. As we can assess the situation from a distance, the possible tunnel is quite close to the potential Goldstorm gold system on ‘Treaty Creek’ – Tudor Gold will definitely not allow sterilization of your future resource!
In our opinion, this tunnel will only be possible, if at all, under very mutually acceptable conditions and at eye level with Tudor Gold! Otherwise, it would be hard for us to imagine how Seabridge would survive a multi-billion-dollar lawsuit if the planned tunnel ran straight through Tudor Gold’s future (potential) open pit mine.
Tudor’s Treaty Creek project is significantly closer to key infrastructure such as highway and electricity than its neighbor Seabridge Gold. Therefore, gold producers’ interest in Tudor Gold should also be greater. We also expect significantly lower capital costs to build a mine at Treaty Creek.
[Proposed sea bridge tunnel] Source: Seabridge Gold company presentation, July 2019
Summary of Highlights:
- Prime location: Huge land package in the world-famous Canadian ‘Golden Triangle’ – more than 72 million ounces of gold have already been discovered within a few kilometers.
- The Treaty Creek flagship project is adjacent to the largest world-class deposits and mines. (Seabridge Gold and Pretium Resources)
- Top Management – Very experienced and successful team under the leadership of the renowned Walter Storm , co-founder of the Canadian mining company Osisko Mining . Ken Konkin , a multi-award winning geologist, has led the drilling program since 2019. He was instrumental in the discovery of Pretium Resources’ The Valley of Kings deposit. (8 million ounces of gold)
World-Class Drill Results at Treaty Creek Project:
- The 2019 drilling program resulted in first-class continuous mineralization sections, for example Drill hole GS19-42: 0.849 g / t Gold Eq over 780 meters including 1.275 g / t Gold Eq over 370.5 meters in the 300 Horizon section;
- Hole GS19-47: 0.697 g / t Gold Eq over 1,081.5 meters including 0.867 g / t Gold Eq over 301.5 meters in the 300 Horizon section;
- Drill hole GS19-52: 0.783 g / t gold Eq over 601.5 meters incl. 1.062 g / t gold over 336.0 meters in the 300 Horizon section;
- Hole GS19-48: 0.793 g / t Gold Eq over 927.0 meters; Hole GS19-49: 0.800 g / t gold Eq over 826.5 meters including 1.080 g / t gold over 249 meters;
- Hole GS19-50: 0.681 g / t Gold Eq over 577.5 meters; Hole CB-18-39: 1,086 g / t Gold Eq over 563.8 meters
- Enormous exploration potential – large parts of the exploration projects are still largely unexplored.
Your JS research team
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The following are some examples of separate risks in the raw materials sector: country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. bans on exports and imports, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (eg higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks. Disclaimer: All information published in the report is based on careful research. Companies that develop raw material projects) must be aware of additional risks. The following are some examples of separate risks in the raw materials sector: country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. bans on exports and imports, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (eg higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks. Disclaimer: All information published in the report is based on careful research. The following are some examples of separate risks in the raw materials sector: country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. bans on exports and imports, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (eg higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks. Disclaimer: All information published in the report is based on careful research. The following are some examples of separate risks in the raw materials sector: country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. bans on exports and imports, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (eg higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks. Disclaimer: All information published in the report is based on careful research. Ex and import bans, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (e.g. higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks. Disclaimer: All information published in the report is based on careful research. Ex and import bans, punitive tariffs, prohibition of raw material extraction or exploration, nationalization of projects), environmental regulations (e.g. higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks. Disclaimer: All information published in the report is based on careful research.
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