TUDOR GOLD Appoints Joe Ovsenek as President and CEO and Augments Its Executive Team
TUDOR GOLD Appoints Joe Ovsenek as
President and CEO and Augments Its
Executive Team
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Tudor Gold Corp.
(TSXV: TUD) (FSE:
H56)
(the "
Company
" or "
Tudor
") is pleased to announce that it has augmented its executive team with
the appointment of Joe Ovsenek as President and Chief Executive Officer, Ken McNaughton as Vice
President, Project Development and Michelle Romero as Vice President, External Affairs, effective
immediately. Grant Bond will assume the role of Chief Financial Officer following the filing of the
Company's 2024 audited financial statements.
Ken Konkin will remain with the Company and resume his
previous role as Senior Vice President of Exploration.
Augmented Executive Team
The new members of the Company's executive team have been responsible for building teams and
leading the growth of public resource companies from discovery through permitting and construction to
production.
Notably, Joe Ovsenek led the executive team, including Ken Konkin, as they advanced the
Brucejack Mine from discovery to commercial production in under eight years while at Pretium
Resources. For more background on each of the individuals, we refer you to our web site,
www.tudor-
gold.com
.
Ken Konkin, Senior Vice President of Exploration and Director, commented
: "On behalf of the
team, I am very pleased to welcome Joe Ovsenek as the new President and CEO of Tudor Gold. Joe is
a proven mine builder who recently transitioned from our Advisory Board to the Board of Directors, and
now into his new leadership role. I've had the privilege of working with Joe for many years at Silver
Standard and Pretium Resources, and I'm confident that his leadership and broad experience across all
facets of the mining industry will greatly benefit the Company in its next chapter. I look forward to rejoining
the technical team where I believe I can best apply my specific skill set as a base and precious metals
explorationist. This move will undoubtably strengthen our team as we continue to advance Treaty Creek
toward becoming a multi-generational tier-1 mining asset that benefits our shareholders, local
communities and the province of British Columbia."
Joe Ovsenek, President, CEO, and Director of Tudor Gold, stated
: "We are looking forward to
adding our experience to complement the talented and experienced technical team, led by Ken Konkin,
advancing the Goldstorm Deposit at Treaty Creek. Treaty Creek stands out as a cornerstone asset with
several key strategic advantages—including excellent infrastructure access, a robust and expanding
copper, gold, and silver resource base, and strong relationships with First Nations and local
communities. These strengths, along with the high-grade potential of the new SC-1 discovery, uniquely
position Treaty Creek for long-term success. We are eager to roll up our sleeves and get working on
unlocking further value for shareholders and supporting the economic growth of the region."
About Tudor Gold
TUDOR GOLD CORP. 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 a 60% interest) borders Seabridge Gold Inc.'s KSM
property to the southwest and borders Newmont Corporation's Brucejack property to the southeast.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
"
Joe Ovsenek
"
Joe Ovsenek
President and Chief Executive Officer
For further information, please visit the Company's website at
www.tudor-gold.com
or contact:
Chris Curran
Vice President of Investor Relations and Corporate Development
Phone: (604) 559 8092
E-Mail:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Cautionary Statements regarding Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation. "Forward-Looking information" includes, but is not limited to, statements with
respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including the completion and anticipated results of planned exploration activities;
the Company's intention to construct an exploration ramp to target the Supercell Cell One Zone for
infill and expansion drilling at their flagship Treaty Creek Project; that this initiative will substantially
reduce both the cost and time required to drill and define the Supercell One Zone from underground
drilling stations compared to conventional surface drilling; that once completed the underground
infrastructure will provide long-term benefits to the project; the underground development will be
important in the selection of optimum material required for a 10,000-tonne test for a pilot process; that
the advantages of driving an exploration development ramp are significant and will bring significant
value to the Project; once the underground exploration drift is completed, year-round drilling program
of approximately 25,000 meters will focus on the Supercell One Zone and peripheral areas; following
ramp construction, Tudor Gold will accelerate its drilling program with the goal of fully unlocking this
potential multimillion ounce high-grade gold system; that the Supercell One Zone is on its way to
becoming a significant asset within the Goldstorm Deposit; that the exploration drill campaign
planned for the Supercell One Zone and the remainder of the Goldstorm Deposit will further enhance
this potential; that this initiative will assist in attracting a strategic partnership; and that the Company
plans to further explore the Supercell-One system and review other gold-dominant sub-domains.
Generally, but not always, forward-looking information and statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the Company's planned exploration activities will be completed in a timely
manner. The Company's financial condition and development plans do not change as a result of
unforeseen events, that future gold prices and the demand and market outlook for gold will remain
stable or improve, that the exploration ramp will result in the benefits anticipated; that underground
development is important in the selection of optimum material required for a pilot process; that the
advantages of driving an exploration development ramp will prove to be significant and will bring
significant value to the Project; assumptions regarding the Company's exploration plans; the viability
of the Supercell One Zone and the impact of the exploration drill program on the same; and that the
Company's initiatives will attract strategic partnership. Material assumptions relating to the indicated
mineral resource and inferred mineral resource are contained in the Company's Technical Report
filed on SEDAR+ at
www.sedarplus.ca
.
Although the assumptions made by the Company in providing forward-looking information or making
forward-looking statements are considered reasonable by management at the time, there can be no
assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's plans or expectations include the
risk that the exploration ramp will not result in the benefits anticipated, increased competition, that
management's expectations regarding the viability of the Supercell One Zone will prove to be
inaccurate, that the Company will not have the resources required to carry out its exploration plans or
complete construction of the exploration ramp, risks relating to the actual results of current exploration
activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost
overruns, availability of capital and financing, general economic, market or business conditions,
regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information and statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated, estimated
or intended. Accordingly, readers should not place undue reliance on forward-looking statements or
information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/251581