TUDOR GOLD Receives Five Year Exploration Permit to Advance the Treaty Creek Project
TUDOR GOLD Receives Five Year Exploration
Permit to Advance the Treaty Creek Project
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Tudor Gold Corp.
(TSXV: TUD)
(FSE:
H56)
(the "
Company
" or "
Tudor
") is pleased to announce that it has received exploration permits from
the British Columbia Ministry of Mining and Critical Minerals for its flagship Treaty Creek Property,
located in the heart of the Golden Triangle of Northwestern British Columbia.
The exploration permit for the Treaty Creek Project is valid through May 31, 2030, authorizing Tudor
Gold to continue advancing mineral exploration activities. Upcoming exploration work will focus on the
recently discovered high-grade Supercell-One (SC-1) gold complex (see press releases dated
February
1
st
,
August 13
th
, and
September 10
th
, 2024) with a drilling program aimed at further delineating and
expanding known high-grade structures.
In addition to exploration drilling, the Company is planning
geotechnical drilling to support infrastructure planning related to our proposed exploration ramp. Tudor
Gold is currently in the process of applying for the necessary permits to advance this underground
development. Once constructed, the ramp will provide cost-effective, year-round underground access to
the SC-1 Complex area, enabling continued high-impact exploration and may also serve as critical
infrastructure supporting the future development of the broader Goldstorm Deposit. Link to images:
Property Map
and
Proposed Underground Development
.
Ken Konkin, President and CEO, comments
: "We thank the Regional Mines Office in Smithers for
renewing our Notice of Work permit for another five years. We are excited to advance the Treaty Creek
Project by focusing on the high-grade SC-1 Complex, by advancing our plans to submit more
applications that will transition the Treaty Creek Project from a 'Greenfields' project to a 'Brownfields'
project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and
expansion of the SC-1 Complex from underground. Our proposed exploration ramp is expected to
significantly reduce both the cost and time required to drill and define emerging high-grade gold targets
by enabling the use of underground drill stations-delivering far greater efficiency than conventional
surface drilling. Once completed, the underground infrastructure could provide long-term strategic value,
supporting future exploration and potential mining operations within the SC-1 Complex and the other
Goldstorm Domains, in particular the adjacent CS-600 Domain.
As highlighted in previous press releases, the 2024 drill results from SC-1 Zone have confirmed the
continuity and high-grade nature of gold mineralization in a setting that is structurally and geologically
analogous to Newmont's Brucejack gold deposit, located just south of Treaty Creek. With the
underground drift in place, we plan to launch a focused drilling program of up to 25,000 meters to expand
and further define the SC-1 and surrounding targets. Importantly, none of the SC-1 drill results are
included in the February 2024 Mineral Resource Estimate of 27.9 million ounces of gold equivalent at an
average grade of 1.19 g/t-underscoring the considerable upside potential of this high-grade system. The
entire Goldstorm Deposit remains open in all directions and at depth. We are very excited with the
opportunity to rapidly expand and advance our exploration efforts at the Treaty Creek Project.
We look forward to sharing a more detailed exploration program for the 2025 season in the near future."
About Treaty Creek
The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry
system, as well as several other mineralized zones. As disclosed in the
"NI-43-101 Technical Report for
the Treaty Creek Project", dated April 5, 2024 prepared by Garth Kirkham Geosystems and JDS Energy
& Mining Inc., the Goldstorm Deposit has an Indicated Mineral Resource of
27.87 Moz of AuEQ grading
1.19 g/t AuEQ (21.66 Moz gold grading 0.92 g/t, 2.87Blbs copper grading 0.18 %,
128.73 Moz silver
grading 5.48 g/t) and an Inferred Mineral Resource of 6.03
Moz of AuEQ grading 1.25 g/t AuEQ (4.88
Moz gold grading 1.01g/t, 0.503
Blb copper grading 0.15 %, 28.97
Moz silver grading 6.02 g/t), with a
pit constrained cut-off of 0.7
g/t AuEQ and an underground cut-off of 0.75
g/t AuEQ. The Goldstorm
Deposit has been categorized into three dominant mineral domains and several smaller mineral
domains.
The CS-600 Domain largely consists of an intermediate intrusive stock and hosts the
majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated
Mineral Resource of 15.65 Moz AuEQ grading 1.22 g/t AuEQ (9.99 Moz gold grading 0.78 g/t,
2.73 Blbs copper grading 0.31%, 73.47 Moz silver grading 5.71g/t) and an Inferred Mineral
Resource of 2.86 Moz AuEQ grading 1.20 g/t AuEQ (1.87 Moz gold grading 0.79 g/t, 0.48 Blb
copper grading 0.29%, 13.4 Moz silver grading 5.63 g/t).
The Goldstorm Deposit remains open in all
directions and requires further exploration drilling to determine the size and extent of the Deposit.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's President and CEO, Ken Konkin, P. Geo. He has read and approved the scientific and
technical information that forms the basis for the disclosure contained in this news release.
QA/QC
Diamond drill core samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and
assayed at MSA Labs' Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are
monitored by the submission of blanks, certified standards and duplicate samples inserted at regular
intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies
with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is
independent of the Company.
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 the key objectives in the
Company's strategic plan, and 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 strategic plan and 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/250453