Tudor Gold Announces Passing of Founder and Board Chairman Mr. Walter Storm
Tudor Gold Announces Passing of Founder
and Board Chairman Mr. Walter Storm
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2022) -
Tudor Gold Corp
. (TSXV:
TUD
)
(FSE:
TUC
) (the "
Company
" or "
Tudor Gold
") today issued the following statement: "It is with great
sadness that we announce the passing of the Company Founder and Chairman Mr. Walter Storm at the
age of 91. On behalf of our Board of Directors, our leadership team and our employees, we extend our
sympathies to Walter's family and friends."
In 2015, Walter Storm purchased various promising mining claims near Stewart, B.C. - within an area
known as the "Golden Triangle" due to its significant gold deposits.
In the following year he closed a
qualifying transaction with a public company, which was later renamed
TUDOR GOLD Corp. Under his
supervision he advanced Tudor Gold's gold exploration and development efforts. After several
successful drill programs completed by the Company, in March 2021 Tudor Gold published an initial
mineral resource estimate for its flagship project Treaty Creek, which confrimed
the Goldstorm Deposit
as one of the largest gold discoveries of the last 30 years
(see
Tudor Gold press release dated March
9, 2021
).
Walter held the position as CEO of Tudor Gold until December 2021 and continued to serve the
Company as Chairman of Tudor's Board of Directors until his passing. Mr. Storm was a successful
entrepreneur with several decades of experience in Africa, Europe, the Middle East, and North America.
Throughout his career, Mr. Storm was successfully active across multiple industries, including the forest
industry in Canada, mining industry in West Africa and Canada, as well as oil production and road
transportation from Europe to Central Asia and Russia.
Mr. Storm left his mark in Canada by providing startup financing to Osisko Mining for Canadian Malartic,
a large gold mine in the province of Quebec, through a German holding company (Eurasia) in which he
held a majority ownership and acted as Chairman of the Supervisory Board.
During Mr. Storm's tenure,
Eurasia not only funded the startup of Osisko Mining in 2004, but also helped the company reach market
capitalization of CAD$4.50 Billion before being sold in 2014.
Ken Konkin, President and CEO of Tudor Gold Corp. commented:
"The loss of Walter is felt
profoundly, not only by his family, his friends and me, but also by Tudor's employees and colleagues who
had the privilege of knowing him during his over 60 years of devotion to his various business
endeavours. Walter will be remembered as a generous, highly ethical and visionary leader who had a
keen business sense and had sucessfully built companies in different industries. He embodied the spirit
of our company with his deep sense of loyalty, his humor and his strong moral compass. Walter's
expansive business knowledge allowed him to steer many successful companies in a variety of
industries.
He was always willing to consider something new, and if he became involved, Walter was
determined to leave it better than he found it.
He will be missed."
About Tudor Gold
TUDOR GOLD Corp. is a precious and base metals exploration and development company with
properties 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 Newcrest Mining Limited's Brucejack property to the
southeast. In April 2021 Tudor published their 43-101 technical report, "Technical Report and Initial
Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British
Columbia Canada" dated March 1, 2021, on the Company's Sedar profile. The Company also has a
100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the
Golden Triangle area.
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
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail:
or
Carsten Ringler
Head of Investor Relations and Communications
Phone:
+49 151 55362000
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/129196