Tudor Gold Submits Application to B.C. Government to Protect Treaty Creek Mineral Tenures
Tudor Gold Submits Application to B.C.
Government to Protect Treaty Creek Mineral
Tenures
Vancouver, British Columbia--(Newsfile Corp. - July 22, 2024) - Tudor Gold Corp. (TSXV: TUD) (FSE:
H56) (the "
Company
" or "
Tudor
") announces that on July 19, 2024, the Company submitted materials
and submissions in response to and opposing the application of KSM Mining ULC (KSM Mining) for a
new License of Occupation (LoO).
The response was made to protect the mineral tenures of Tudor and
the pre-existing rights of Tudor to the mineral claims that may be affected by a new license of occupation
being granted.
Ken Konkin, P. Geo., President & CEO of Tudor Gold Corp., comments
: "As per the Company
news release dated November 20, 2023, it is the Company's position that any LoO which allows access
for KSM Mining to construct the MTT tunnels through Tudor's mineral claims is subject to the prior rights
of Tudor
to its mineral tenures. As a result, the Company will continue to strongly oppose any LoO and
MTT Tunnel route planned by KSM Mining that would impair Tudor's newly discovered Goldstorm
Deposit. As previously stated on numerous occasions, Tudor is committed to collaborating with
Seabridge Gold to find a solution to resolve the problem of their MTT Tunnels and find a resolution that
will benefit all stakeholders involved."
As the matters are before the governmental decision maker, Tudor. makes no further comment on the
merits of this matter.
About Treaty Creek and the Goldstorm Deposit
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 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 (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold
Inc.'s KSM property to the southwest and 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/217266