Tudor Gold (TSXV: TUD) is looking to go underground with their exploration. The company last night indicated that they have filed a Notice of Work permit with the BC Ministry of Energy, Mines and Low Carbon Innovation for their flagship Treaty Creek Project.
The permit, if granted, will enable Tudor to develop an underground ramp over 2.0 kilometres in length to access the SC-1 Zone. The ramp will be used for the excavation of underground drill stations for definition drilling for mine planning purposes as well as for expansion drilling. Six drill stations have been planned for initial exploration.
The construction of the ramp is expected to allow for year-round exploration at Treaty Creek, while also reducing the time and cost of defining the SC-1 Zone, following the discovery of the zone in early 2024. Initial results from the new zone including an intersection of 25.5 metres of 9.66 g/t gold, 1.23 g/t silver and 0.24% copper.
READ: Tudor Gold Enters Definitive Agreement For American Creek Resources Purchase
Neither a timeline or estimated costing for the exploration ramp was provided by Tudor.
Tudor Gold last traded at $0.60 on the TSX Venture.
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