Tudor Gold’s Goldstorm deposit in Canada’s Golden Triangle could shift from a massive bulk-tonnage play to a high-grade bonanza, says CEO Ken Konkin at PDAC. Initially pegged at 27.8 million gold-equivalent ounces, including 3 billion pounds of copper, a 2023 drilling campaign uncovered four supercell zones with grades hitting 8 to 10 grams per ton, echoing the high-grade Valley of the Kings at nearby Brucejack, sold for $2.8 billion in 2021. “It’s the highway to success for us,” Konkin said of a planned $12 million underground ramp, aiming to define at least 1 million high-grade ounces as a low-capex starter mine before tackling the 37-year bulk operation.

The supercell discovery, superimposed on Goldstorm’s CS600 domain, mirrors Brucejack’s geology, with Konkin betting on a million-ounce starter. With permits pending and a ramp build slated for mid-2025, Tudor aims to dodge the “big, low-grade” label haunting peers like Seabridge, leveraging tighter underground drilling to boost valuation. “There’s very few of these mega deposits with a high-grade component,” Konkin noted.