No 1 source of global mining news and opinion
Tudor Gold’s Goldstorm deposit in British Columbia surprised geologists with a high-grade structure called a ‘supercell’ when it updated the resource statement in February, CEO Ken Konkin says in a new video.
“It’s very similar to the tectonic, structural corridor that we discovered at Brucejack,” said Konkin, who helped discover the nearby deposit, now one of the province’s biggest producers. “This is something that’s got three holes through it; some of the grades are 21 grams gold over 4.5 metres, with nice fine-grain visible gold – very good homogeneous distribution,” Konkin toldGoldstorm, part of the Treaty Creek project,now hosts 730.2 million tonnes indicated, grading 1.19 grams per tonne for 27.9 million oz. of metal, made up of 21.7 million oz. gold, 128.7 million oz. silver and 2.9 billion lb. copper.
Tudor Gold plans to roll out a preliminary economic assessment for the deposit later this year, Konkin said during last month’s Prospectors and Developers Association of Canada’s annual convention in Toronto.Deal clears up doubts about the project’s future, but it does not unveil any specifics related to the terms and conditions.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Trading: Gold Price DriversGold is a precious metal that is popular as an investment and as a safe-haven asset
Read more »
Steppe Gold Announces Amended Gold Prepay AgreementSteppe Gold's subsidiary, Steppe Investments Limited, has entered into an amended gold prepay agreement with Triple Flag. The agreement provides additional funds of US$5 million and will be repaid over five months.
Read more »
Gold Weekly Forecast: Gold Spike Reveals Overzealous Fed ReactionGold prices have been reigned in after the massive push to another new all-time high. However, recent price action and a stronger dollar suggest more cooling to come
Read more »
Gold Fields pours first gold at Salares Norte mine in South AmericaThe South African miner, Gold Fields, has poured its first gold-silver doré at its Salares Norte mine in South America. The mine, which took 13 years to develop and cost over $1 billion, is crucial for Gold Fields' goal of producing 2.8 million ounces of gold by 2025.
Read more »
Gold Miners Trail Far Behind Gold's Record High Rally: Time to Buy?Stocks Analysis by Investing.com (David Wagner) covering: Oracle Corporation, Newmont Goldcorp Corp, Gold Futures, Barrick Gold Corp. Read Investing.com (David Wagner)'s latest article on Investing.com
Read more »
Investors Advised to Choose Physical Gold Over Gold Stocks for Market VolatilityGeorge Milling-Stanley, chief gold strategist at State Street Global Advisors, suggests that investors should consider investing in physical gold as a means of protection against potential weakness in the equity market. He explains that gold stocks tend to go down with the general level of the equity market, while physical gold offers an extra level of protection. The distinction in expense ratios between gold stocks also attracts different types of investors.
Read more »