Tudor Gold Initiates PEA on Treaty Creek Project, Canada
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Tudor Gold said it has retained Fuse Advisors of Vancouver, British Columbia, to prepare a preliminary economic assessment (PEA) on placing the Treaty Creek Project’s Goldstorm Deposit in production.
“The recently announced 2026 mineral resource estimate for the Goldstorm Deposit confirmed that lenses of higher-grade gold, silver and copper mineralization are hosted within the broader envelope of bulk tonnage mineralization,” said Joe Ovsenek, president and CEO of Tudor Gold.
“We believe that Treaty Creek can be advanced as a mid-size underground operation initially focused on mining these lenses of higher-grade mineralization, then scaled up to process additional mineralization depending on metals prices and as capital costs are paid off. Staged development de-risks the project with reduced upfront development costs, reduced development risk, less environmental disturbance and faster cash flow,” added Ovsenek.
Fuse Advisors has been retained to prepare a PEA examining the potential for an underground mining operation focused on the higher-grade gold mineralization at Treaty Creek’s Goldstorm Deposit outlined in the 2026 mineral resource estimate. Initially, Fuse is tasked with developing an underground mine plan producing up to 10,000 tonnes per day using bulk-tonnage mining techniques with a target of defining mineralized material of approximately 50 million to 100 million tonnes grading in excess of 2.5 grams per tonne gold. Following development of a mine plan, Fuse will utilize the final estimated metallurgical recoveries from the metallurgical program currently under way to develop a flowsheet and economics for the project.
Initial results from the metallurgical program are expected late this quarter. The PEA is targeted for completion in the third quarter of this year.
Tudor Gold is a precious and base metals exploration and development company with claims in British Columbia’s Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek Project (in which Tudor Gold has an 80 percent interest) borders Seabridge Gold’s KSM property to the southwest and borders Newmont’s Brucejack Mine property to the southeast.
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