Tudor Gold Announces Updated Mineral Resource Estimate for Treaty Creek Project, with Higher-Grade Sensitivities
Tudor Gold Announces Updated Mineral
Resource Estimate for Treaty Creek Project,
with Higher-Grade Sensitivities
Vancouver, British Columbia--(Newsfile Corp. - January 22, 2026) - Tudor Gold Corp.
(TSXV: TUD)
(FSE: H56)
(the "
Company
" or "
Tudor
") is pleased to report an updated Mineral Resource estimate
(the "2026 MRE") with higher-grade sensitivities for the Goldstorm Deposit at its flagship Treaty Creek
Project located in the Golden Triangle, British Columbia.
The 2026 MRE was prepared by Garth
Kirkham, P.Geo. of Kirkham Geosystems Ltd. ("KGL") in accordance with National Instrument 43-101,
Standards of Disclosure for Mineral Projects ("NI 43-101").
Treaty Creek 2026 MRE Highlights
2026 MRE at a net smelter revenue ("NSR") cut-off value of US$50 per tonne
Indicated Mineral Resource of 24.9 million ounces of gold, 148.7 million ounces of silver
and 3.048 billion pounds of copper
(912.3 million tonnes grading 0.85 g/t gold, 5.07 g/t silver
and 0.15% copper)
Inferred Mineral Resource of 4.0 million ounces of gold, 18.6 million ounces of silver and
327.7 million pounds of copper
(86.1 million tonnes grading 1.43 g/t gold, 5.22 g/t silver and
0.17% copper)
US$125 NSR cut-off value sensitivity
Indicated Mineral Resource of 5.8 million ounces of gold, 30.2 million ounces of silver and
607.2 million pounds of copper
(102.1 million tonnes grading 1.78 g/t gold, 9.19 g/t silver and
0.27% copper)
Inferred Mineral Resource
of 2.6 million ounces of gold, 7.2 million ounces of silver and
67.9 million pounds of copper
(21.8 million tonnes grading 3.64 g/t gold, 10.22 g/t silver and
0.14% copper)
US$175 NSR cut-off value sensitivity
Indicated Mineral Resource
of 3.4 million ounces of gold, 13.4 million ounces of silver and
167.3 million pounds of copper
(45.1 million tonnes grading 2.33 g/t gold, 9.27 g/t silver and
0.17% copper)
Inferred Mineral Resource
of 2.4 million ounces of gold, 6.6 million ounces of silver and
65.2 million pounds of copper
(18.3 million tonnes grading 4.02 g/t gold, 11.17 g/t silver and
0.16% copper)
"The 2026 MRE increased Indicated Mineral Resources of gold at Treaty Creek's Goldstorm Deposit by
15% over the 2024 Mineral Resource estimate and demonstrates the higher-grade potential at the
Treaty Creek Project with higher NSR cutoff value sensitivities," commented Joe Ovsenek, President
and CEO of Tudor Gold.
"Now that we have the 2026 MRE in hand, we can start to advance our strategy
for placing Treaty Creek in production with an underground mine initially targeting roughly 300,000
ounces of gold per year.
Metallurgical testing is underway, and we have started the process of
developing a mine plan around the higher-grade mineralization at the Goldstorm Deposit.
As the
metallurgical testing and mine planning come together, we will assess the potential for the completion of
a preliminary economic assessment later this year."
Treaty Creek Project 2026 Mineral Resource Estimate
The 2026 MRE was prepared by KGL based on 359 diamond drill holes for a total of 191,466 meters,
which includes 332 drill holes completed by the Company between 2016 and 2025 and 27 drill holes
completed by prior Treaty Creek Project operators between 2007 and 2009.
The 2026 MRE is reported
at a NSR cut-off value of US$50 per tonne.
A NI 43-101 Technical Report will be prepared and posted
on
www.tudor-gold.com
and the Company's profile on
www.sedarplus.ca
within 45 days of the date of
this news release.
Table 1:
2026 Treaty Creek Project Mineral Resource Estimate
(1) - (11)
Mineral
Resource
Classification
Tonnes
(M)
Gold Grade
(g/t)
Silver Grade
(g/t)
Copper Grade
(%)
Gold
(M oz)
Silver
(M oz)
Copper
(M lbs)
Indicated
912.3
0.85
5.07
0.15
24.9
148.7
3,048.0
Inferred
86.1
1.43
5.22
0.17
4.0
18.6
327.7
Notes:
The Mineral Resource statement is subject to the following:
(1) The 2026 MRE has been prepared by Garth Kirkham, P.Geo., an Independent Qualified Person as defined by NI 43-101.
(2) The 2026 MRE has been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum ("CIM") definitions, as required
under NI43-101.
(3) The 2026 MRE is reported on a 100% ownership basis.
(4) The 2026 MRE was prepared for a potential underground mining scenario evaluated within block cave mining shapes and constrained by
geological and grade-continuity-defined solids using a NSR cut-off value of US$50/tonne.
The NSR value was developed based on initial metallurgical
testwork results combined with the Company's and its consultants' knowledge of potential smelter terms, royalites and onsite and offsite costs. The
NSR calculation assumes a payable gold-silver-copper concentrate will be generated. The NSR calculation assumes metal prices of US$2925/ounce
gold, US$34.00/ounce silver and US$4.25/pound copper; metallurgical recoveries of 90% for gold, 80% for silver and 80% for copper; underground
mining costs of C$8.50/tonne, processing costs of C$38.50/tonne and G&A of C$1.50/tonne; a CAD:USD exchange rate of 0.72 and rounded to
US$50.
(5) The 2026 MRE is reported without applying mining dilution, mining losses, or process losses.
(6) The 2026 MRE is constrained within underground shapes based on reasonable prospects of economic extraction, in accordance with NI43-101.
Reasonable prospects for economic extraction were met by applying mining shapes, ensuring grade continuity above the cut-off value, and by
excluding non-mineable material prior to reporting.
(7) Mineral resources are classified as Indicated, and Inferred based on geological confidence and continuity, spacing of drill holes, and data quality.
(8) The effective date of the 2026 MRE is November 30, 2025.
(9) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The estimate of Mineral Resources may be
materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
(10) The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not
be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated
Mineral Resource with continued exploration.
(11) All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.
Mineral Resource Estimation Methodology
The Mineral Resource estimate was completed using industry-standard commercial modelling and mine
planning software, including Leapfrog and MineSight® (Version 16.30). The block model utilizes a
parent block size of 10 × 10 × 10 meters, with sub-blocking to 0.5 × 0.5 × 0.5 meters to accurately reflect
complex vein geometries.
Assay data were composited to 1.5 meters to ensure consistent sample support. Gold, copper, and
silver grades were estimated using ordinary kriging in a single-pass approach, employing capped
composites constrained within geologically defined estimation domains. Grade caps were determined
through analysis of cumulative frequency plots and the spatial continuity of high-grade vein structures,
with cut grade thresholds ranging from:
Gold: 5 g/t to 19 g/t Au
Copper: 0.1% to 2.0% Cu
Silver: 50 g/t to 100 g/t Ag
Hard boundaries were applied to all high-grade vein domains and associated parent domains.
Estimation parameters included a minimum of two composites per block, a maximum of 16 composites
per block, and a maximum of five composites per drill hole.
Mineral Resource Classification
Mineral Resources are classified as Indicated and Inferred in accordance with the CIM Definition
Standards. Classification is based primarily on drill hole spacing, geological confidence, and
demonstrated continuity of mineralization:
Indicated Resources are defined by drill hole spacing of less than approximately 100 meters to
three drill holes.
Inferred Resources are defined by drill hole spacing of less than approximately 150 meters, subject
to additional geological continuity criteria.
All Mineral Resources are constrained by continuous high-grade vein domain solids and enclosing
mineralized parent domains.
Reasonable Prospects of Eventual Economic Extraction
The Mineral Resource estimate satisfies the requirement for "reasonable prospects of eventual
economic extraction" through demonstrated geological continuity and delineation of mineralized zones
amenable to underground mining methods. Reasonable assumptions regarding metal prices and
operating costs were applied. Mineralization potentially extractable by underground methods was
evaluated within block cave mining shapes and constrained by geological and grade-continuity-defined
solids.
Goldstorm Deposit Mineral Resource Update, January 22, 2026
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/281184_tudor_1.jpg
Treaty Creek Project 2026 Mineral Resource Estimate Higher-Grade Sensitivities
In addition to the base case NSR cut-off value of $50 per tonne, NSR cut-off values of $125 per tonne
and $175 per tonne are reported to demonstrate the potential effect on tonnage, grade and metal
content (Table 2). Higher NSR cut-off value sensitivities demonstrate an increase in grade and
concomitant decrease in tonnage.
The higher cut-off value sensitivities will be evaluated for potential to
support an underground mining operation using conventional mining methods.
The higher NSR cut-off
value sensitivities are for comparison purposes only and should not be considered Mineral Resources.
Table 2: 2026 Treaty Creek Project Mineral Resource Estimate Higher-Grade Sensitivities
(1)
NSR Cut-Off
Value
Mineral
Resource
Classification
Tonnes
(M)
Gold Grade
(g/t)
Silver Grade
(g/t)
Copper Grade
(%)
Gold
(M oz)
Silver
(M oz)
Copper
(M lbs)
US$125/
tonne
Indicated
102.1
1.78
9.19
0.27
5.8
30.2
607.2
Inferred
21.8
3.64
10.22
0.14
2.6
7.2
67.8
US$175/
tonne
Indicated
45.1
2.33
9.27
0.17
3.4
13.4
167.3
Inferred
18.3
4.02
11.17
0.16
2.4
6.6
65.3
(1) See notes to Table 1 above.
Goldstorm Deposit Mineral Resource Update, January 22, 2026 – Higher-Grade Sensitivies
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/281184_tudor__2.jpg
Geological Framework and Deposit Model
The Treaty Creek Property hosts the Goldstorm Deposit, which is situated within Early Jurassic intrusive
rocks and the surrounding Late Triassic to Early Jurassic volcano-sedimentary sequences of the Stikine
volcanic island-arc terrane. Regionally, prolonged arc magmatism across Stikinia and Quesnellia
resulted in a multi-episodic Late Triassic to Early Jurassic metallogenic event, generating numerous
porphyry intrusion-related mineral deposits throughout northwestern British Columbia.
Extensive hydrothermal alteration halos are developed around intrusive complexes in the nearby Mitchell
and Sulphurets Deposit areas, and similar alteration assemblages are present at the Treaty Creek
property. These alteration systems envelop several mineralized zones, including the Goldstorm Deposit,
and are indicative of a large, long-lived hydrothermal system.
Structurally, the Treaty Creek property is influenced by regional-scale contractional faults and associated
local dilational fault systems that formed within the Cretaceous Skeena Fold Belt. These structures have
played a critical role in controlling magma emplacement, fluid flow, and the localization of mineralization
at Goldstorm.
The Goldstorm Deposit is comprised of five distinct mineralized domains, each with unique geological
and mineralogical characteristics:
Copper Belle, located at the southwest end of the deposit, represents a gold-dominant, shear-
hosted mineralized system.
300H/N, CS-600, and Deep Stockwork 5 (DS5) form the core of the Goldstorm mineral system
and consist of tabular bodies dipping approximately 45° to 50° to the northwest.
The 300H domain is a near-surface zone characterized by pervasive disseminated
auriferous pyrite and fine gold-bearing pyrite veinlets and stringers.
The underlying CS-600 domain hosts gold- and copper-dominant mineralization associated
with quartz veinlet stockworks, hydrothermal breccias, and porphyritic monzodiorite intrusive
stocks. This domain contains the majority of the copper mineralization at Goldstorm and
represents a well-defined intrusive-related porphyry system.
Beneath both 300H and CS-600, the DS5 domain comprises a gold-dominant quartz-pyrite
veinlet stockwork, carrying minor silver values.
The Route 66 (R66) domain is a narrow, 20- to 50-metre-wide, north-striking corridor of high-
grade, gold-dominant quartz stockwork mineralization.
All of the zones are gold-dominant with subordinate silver and copper, other than the CS-600 Zone,
which is distinguished by its significant gold-copper enrichment. Together, these domains define a large,
structurally controlled, intrusion-related mineral system with strong geological continuity.
The updated Mineral Resource estimate incorporates the results of an extensive internal geological
review completed in 2024 and 2025, which included detailed drill core relogging, geochemical alteration
modelling, and quantitative vein density analysis. This work has resulted in a refined geological
framework that significantly improves the Company's understanding of the Goldstorm mineralized
system.
Diamond drilling conducted in 2025 confirmed the presence, continuity, and geometry of a well-defined
mineralized corridor comprised of stacked, sub-parallel, structurally controlled stockwork vein systems.
Individual vein panels range from approximately 10 to 50 meters in thickness, extend for more than 400
meters along strike, and are oriented approximately 295°/50°. These mineralized structures represent
late-stage features that cross-cut and overprint earlier intrusive phases.
Mineralization is hosted within late-stage, cross-cutting quartz-anhydrite-pyrite veins containing
accessory sphalerite, chalcopyrite, galena, tetrahedrite-tennantite, and manganoan calcite. These
sulphide-bearing veins are associated with discrete decimeter- to meter-scale grey quartz-white mica
(muscovite)-pyrite phyllic alteration halos, consistent with the Company's updated structural and
alteration model.
Treaty Creek Project 2026 Mineral Resource Estimate by Zone
For the 2026 MRE, the Goldstorm Deposit at the Treaty Creek Project is reported as three zones of
mineralization: Upper Zone, Central Zone and Lower Zone.
The Upper Zone is comprised of the Copper
Belle, 300H and 300N domains; the Central Zone is comprised of the CS600, Route 66 and SC-1
domains; and the Lower Zone is comprised of the DS-5 domain.
Table 3: 2026 Treaty Creek Project Mineral Resource Estimate by Zone
(1)
Goldstorm
Deposit
Zone
Mineral
Resource
Classification
Tonnes
(M)
Gold Grade
(g/t)
Silver Grade
(g/t)
Copper Grade
(%)
Gold
(M oz)
Silver
(M oz)
Copper
(M lbs)
Upper
Indicated
252.5
0.96
3.60
0.02
7.8
29.2
111.3
Inferred
18.9
0.83
3.2
0.02
0.5
1.9
8.3
Central
Indicated
451.6
0.71
5.49
0.29
10.3
79.7
2,887.5
Inferred
52.5
1.40
7.04
0.27
2.4
11.9
312.7
Lower
Indicated
208.2
1.03
5.95
0.02
6.9
39.8
91.8
Inferred
14.7
2.33
10.17
0.03
1.1
4.8
9.7
(1) See notes to Table 1 above.
Next Steps
Metallurgical test work is ongoing with initial results expected this quarter.
Concurrently with the
metallurgical test work, a mine plan is expected to be developed based on the higher-grade
mineralization at the Treaty Creek Project.
If successful in developing a mine plan and assuming positive
metallurgical results, a preliminary economic assessment will be undertaken on placing the Goldstorm
Deposit in production.
Additional information will be provided as it becomes available with respect to a
preliminary economic assessment.
Update on December 2025 Flow-Through Financing
On December 4, 2025 and December 11, 2025, the Company closed a non-brokered private placement
of flow-through units (the "Units") at $0.95 per Unit, for gross proceeds of approximately $12.5 million
(the "Offering"). In connection with the Offering, the Company paid finder's fees representing 6% of the
proceeds raised from subscriptions by, and issued finder's warrants ("Finder's Warrants") representing
6% of the Units issued to, certain places, including $15,000 and 15,789 Finder's Warrants to James
Derek Holmes and $119,700 and 126,000 Finder's Warrants to JDJ Merchant Partners Inc.
Each
Finder's Warrant entitles the holder thereof to acquire one common share in the capital of the Company
at an exercise price of $1.20, for a period of 24 months.
Qualified Persons
The 2026 MRE was prepared by Garth Kirkham, P.Geo. of KGL, who is an independent Qualified
Person, as defined by NI 43-101 and responsible for the 2026 MRE.
Mr. Kirkham has reviewed and
approved the technical contents of this news release relating to the 2026 MRE.
Ken Konkin, P.Geo., Tudor's Senior Vice President, Exploration, is the Qualified Person, as defined by
NI 43-101, responsible for the Treaty Creek Project.
Mr. Konkin has reviewed, verified, and approved the
scientific and technical information in this news release.
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 an 80% interest) borders Seabridge Gold Inc.'s KSM property to
the southwest and borders Newmont Corporation's Brucejack Mine property to the southeast.
For further information, please visit the Company's website at
www.tudor-gold.com
or contact:
Joseph Ovsenek
President & CEO
(778) 731-1055
Tudor Gold Corp.
Suite 789, 999 West Hastings Street
Vancouver, BC
V6C 2W2
(SEDAR+ filings: Tudor Gold Corp.)
Chris Curran
Vice President of Investor Relations and Corporate
Development
(604) 559 8092
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.
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. 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 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,
results of negotiations, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals, the outcome of litigation 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.
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