Tudor Gold Signs Contract with Fuse Advisors to Advance Treaty Creek's Goldstorm Deposit, Golden Triangle of British Columbia
Tudor Gold Signs Contract with Fuse Advisors
to Advance Treaty Creek's Goldstorm Deposit,
Golden Triangle of British Columbia
Vancouver, British Columbia--(Newsfile Corp. - September 16, 2024) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: H56
) (the "
Company
" or "
Tudor
") announces the Company has entered into an agreement with
Fuse Advisors to provide project, technical and advisory services to advance its Treaty Creek Project,
located in the heart of the Golden Triangle of Northwestern British Columbia.
Ken Konkin, President & CEO, commented
: "We are pleased to partner with Fuse Advisors, a highly
skilled and experienced multidisciplinary engineering team. Their expertise will help Tudor refine its
vision and strategy to advance the Goldstorm gold-copper project through the scoping process. The
primary goal is to define the optimal project from a technical, environmental and economic perspective
by completing various trade-off studies and to identify the most suitable engineering firms to partner with
to drive the project forward to deliver a preliminary economic assessment ("PEA"). Tudor Gold has also
engaged SRK Consulting for preliminary studies on mining methods and critical site locations, including
tailings management.
Fuse Advisors will help ensure these deliverables are completed on time, within
budget, and to the highest standard for a PEA."
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 million ounces (Moz)
of AuEQ grading 1.19 g/t AuEQ (21.66 Moz gold grading 0.92 g/t, 2.87 billion pounds (Blbs)
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 1.01 g/t, 503.2 Mlb 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 nested pulses of diorite intrusive stocks 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 5.71 g/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, 475.6 Mlb 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.
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.
About Fuse Advisors
Fuse Advisors is a boutique consultancy firm, focused on providing value services to the resource sector
in Project Management, Technical Services and Advisory. Fuse Advisors develops fit-for-purpose
solutions by taking a client-first approach, leveraging our team's experience across the project lifecycle
to identify and close gaps present between the silos of Exploration, Engineering, Permitting,
Construction and Operations.
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.
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.
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,
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/223450