Tudor Gold Announces Appointment of Mr. Joe Ovsenek to the Board of Directors
Tudor Gold Announces Appointment of Mr.
Joe Ovsenek to the Board of Directors
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2025) - Tudor Gold Corp.
(TSXV: TUD)
(FSE: H56)
(the "
Company
" or "
Tudor
") is pleased to announce that Mr. Joe Ovsenek has been
appointed to the Company's Board of Directors, effective immediately.
As a member of the Board of
Tudor Gold, Mr. Ovsenek is expected to play a key role in advancing the Treaty Creek gold, copper and
silver property located within the Golden Triangle of northwestern British Columbia.
Ken Konkin, President and CEO, comments
: "We welcome Joe Ovsenek to our Board of Directors.
Joe, a proven mine builder, will transition from the Advisory Board to join our Board of Directors. I've had
the privilege of working alongside Joe for many years during my time at Silver Standard and Pretium
Resources, and I am confident that his extensive experience and leadership will greatly benefit the
Company. Joe is a highly accomplished professional in our industry, with a proven track record in
exploration, development, permitting, financing, mine construction, and production. His expertise will be
invaluable as Tudor Gold continues to advance the Treaty Creek gold project."
Joe Ovsenek, Director of Tudor Gold, stated:
"I am pleased to join Tudor Gold's Board and look
forward to working closely with Ken and his team as they continue to explore and advance the Goldstorm
Deposit at the Treaty Creek gold, copper, and silver project. The recent discovery of the high-grade SC-
1 Zone is a game-changer for Treaty Creek. This high-grade target not only has the potential to enhance
the overall grade profile of the project but also opens the door to an accelerated pathway to potential
production. This discovery exemplifies the exploration expertise of the Tudor Gold team and highlights
the untapped potential of the Treaty Creek property."
Mr. Ovsenek continued
:
"Treaty Creek stands out due to several strategic advantages, including
excellent infrastructure access, a substantial and growing resource base, and strong partnerships with
local Indigenous communities.
These key attributes firmly establish Treaty Creek as a cornerstone asset
for Tudor Gold. I am excited to contribute my experience in exploration, development, permitting, and
potential mine construction to the Board.
I believe the Treaty Creek project has significant potential to
deliver value to shareholders while contributing significantly to the economic growth and opportunities
within the region."
Joe
Ovsenek, currently President and CEO of P2 Gold Inc., has over 20 years of international
management and legal experience in the precious metals industry. He has been responsible for building
teams and leading the growth of public resource companies from early exploration stage to production.
Before founding P2 Gold, Mr. Ovsenek was President and CEO of Pretium Resources Inc. where he led
the development of the high-grade gold Brucejack Mine which has been operating profitably since
commercial start-up in 2017. Mr. Ovsenek began his nine-year tenure at Pretium in 2011 as Chief
Development Officer and led the financing of the company from exploration stage to operations and was
subsequently appointed President in 2015 and President and CEO in 2017. Prior to Pretium he served
for 15 years in senior management roles for Silver Standard Resources Inc., lastly as Senior Vice
President, Corporate Development responsible for the sale of the Brucejack and Snowfield assets to the
newly created Pretium Resources Inc. Mr. Ovsenek holds a Bachelor of Applied Science degree from
the University of British Columbia and a Bachelor of Laws degree from the University of Toronto. Mr.
Ovsenek is a registered member of the Association of Professional Engineers and Geoscientists of
British Columbia, and holds the Chartered Director (C.Dir) designation.
Tudor Gold also announces that Daniel Le Dressay will step down from his role as a member of the
Board of Directors but will continue to serve as Legal Advisor to the Company. In this capacity, Daniel
will lead our legal team to deal with the ongoing issues with Seabridge Gold Inc. (KSM Mining ULC)
regarding the License of Occupation and other permits related to the Mitchell Treaty Creek Tunnel (MTT)
project. He will continue to collaborate with outside counsel to pursue appropriate legal actions to
safeguard Tudor Gold Corp.'s mineral tenures and ensure they remain unimpeded in any way by the
proposed MTT Tunnel project or any other permits issued to Seabridge Gold Inc. and its subsidiaries
that may adversely impact Tudor Gold Corp.'s lawful rights and interests.
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.
"Ken Konkin"
Ken Konkin
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:
Or
Patrick Donnelly
Vice President of Capital Markets
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
filedon 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/238053