Tudor Gold Files for Underground Exploration Permit at Treaty Creek and Provides Update on the American Creek Acquisition
Tudor Gold Files for Underground Exploration
Permit at Treaty Creek and Provides Update on
the American Creek Acquisition
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - Tudor Gold Corp.
(TSXV: TUD)
(FSE: H56)
(the "
Company
" or "
Tudor
") reports that it has filed a Notice of Work permit application
with the BC Ministry of Energy, Mines and Low Carbon Innovation (EMLI) for the underground exploration
of the Treaty Creek Project located in northwest British Columbia.
The permit application provides for the development of an underground ramp to access the high-grade
gold SC-1 Zone and to also access the other zones.
Once the ramp is completed, underground drill
stations will be excavated to support definition drilling for mine-planning purposes and provide for more
efficient expansion drilling.
Underground drilling is expected to reduce the time and cost of delineating
the high-grade gold SC-1 Zone and allow for year-round drilling by Tudor.
The high-grade gold SC-1 Zone was first identified by Tudor in early 2024 based on 2022 and 2023
drilling with the discovery hole (GS-22-134) intersecting 25.5 meters grading 9.66 g/t gold, 1.23 g/t silver
and 0.24% copper (see news release dated
February 1, 2024
).
See Figure 1 below for a plan and section view of the proposed underground development and initial
drilling of the SC-1 Zone at Treaty Creek.
Figure 1:
Treaty Creek Project proposed underground development and SC-1 Zone drilling
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/262604_5ff9196b942a4b49_002full.jpg
American Creek Acquisition
American Creek Resources Ltd. ("American Creek") has set August 28, 2025 as the date for its annual
general and special meeting of shareholders to, among other things, approve a statutory plan of
arrangement under which the Company will acquire all of the issue and outstanding shares of American
Creek (the "Transaction"). (See the Company's news releases of
June 9, 2025
and
June 26, 2025.
)
In addition to American Creek shareholder approval and court approval, the Transaction is subject to
applicable regulatory approvals including, but not limited to, TSX Venture Exchange (the "Exchange")
approval and the satisfaction of certain other closing conditions customary in a transaction of this nature.
The Transaction is anticipated to be completed in early September 2025.
Currently, American Creek holds a 20% carried interest, and Tudor a 60% interest, in the Treaty Creek
Project.
On completion of the Transaction, Tudor will hold an 80% interest in the Treaty Creek Project.
The Treaty Creek Project hosts an Indicated Mineral Resource of 21.66 million ounces of gold grading
0.92 g/t, 2.87 billion pounds of copper grading 0.18% and 128.73 million ounces of silver grading 5.48
g/t and an Inferred Mineral Resource of 4.88 million ounces of gold grading 1.01 g/t, 503.2 million
pounds of copper grading 0.15% and 28.97 million ounces of silver grading 6.02 g/t.
Quality Assurance and Control
Ken Konkin, P.Geo, Senior Vice-President of Exploration for Tudor Gold, is the Qualified Person, as
defined by National Instrument 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
the Golden Triangle of British Columbia (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 borders Seabridge Gold Inc.'s KSM property to the southwest and 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 the Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the 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 connotation 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,
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
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https://www.newsfilecorp.com/release/262604