19 Mar Just Picked Up Tudor Gold Shares And Warrants
I’ve just taken a position in the Tudor Gold (TSXV – TUD) private placement at $0.25 with a full 1-year warrant at $0.40.
As you can probably tell from my previous stock purchases, I tend to find a lot of my ideas from friends and colleagues in the industry. I’m always more apt to take a position in a company if I know good people and influencers are getting behind the story too. Of course, this can’t be done in a vacuum – I still have to do my own due diligence to make sure I like the management team and project, etc.
In the case of Tudor Gold, the company was brought to my attention by Scott Gibson who has brought me a lot of good punts in the past. Scott suggested I have a look and I’m glad I did.
By way of a JV, Tudor Gold has a 60% interest in the Treaty Creek gold project in British Columbia’s Golden Triangle region. Tudor’s neighbors in the area include Seabridge and its Kerr, Mitchell, Sulphurets, Snowfield and Iron Cap gold deposits and Pretium Resources with its Valley of the Kings gold deposit. That’s 83 million ounces of gold in the immediate vicinity.
But Treaty Creek is not just a closeology play – it has had some very interesting initial drilling as well. Copper Belle is a 650m x 350m mineralized gold zone that has seen some 50 drill holes. And the not yet fully defined Goldstorm gold zone has at least 500m of strike to go with 400m of depth – the width is still a mystery and part of the attraction to Tudor Gold. The Goldstorm zone has already produced a 559m drill hole that graded 0.58 g/t gold from surface….not bad.
The team at Tudor Gold is driven by CEO Walter Storm who was the original financier behind Osisko Mining which he initially financed in 2004 and helped attain a $4.5 billion market before being sold in 2014. But the key to any future exploration success for Tudor Gold lies with the hiring of Ken Konkin as exploration manager. Ken, as the former project manager for Pretium’s Valley of the Kings project, is intimately familiar with the geology of the region – this should lead to positive exploration results for Tudor Gold throughout 2019.
The Goldstorm zone at Treaty Creek could be a monster gold deposit – I look forward to following my punt on Tudor Gold throughout 2019’s exploration program.