Tudor Gold Stock Price, News & Analysis

Tudor Gold Corp. (OTC: TDRRF) is a precious and base metals exploration and development company focused on gold, silver and copper projects in British Columbia's Golden Triangle in Canada. The company is active in the gold ore mining industry within the broader mining and quarrying sector, with its primary asset being the large-scale Treaty Creek Project in northwestern British Columbia.

According to company disclosures, the Treaty Creek Project hosts the Goldstorm Deposit, described as a large gold-copper porphyry system with several additional mineralized zones. As outlined in the NI 43-101 Technical Report for the Treaty Creek Project dated April 5, 2024, the Goldstorm Deposit has an Indicated Mineral Resource of 27.87 million ounces of gold equivalent (AuEQ) grading 1.19 g/t AuEQ, including 21.66 million ounces of gold, 2.87 billion pounds of copper and 128.73 million ounces of silver. It also has an Inferred Mineral Resource of 6.03 million ounces of AuEQ grading 1.25 g/t AuEQ, including 4.88 million ounces of gold, 503.2 million pounds of copper and 28.97 million ounces of silver. The company states that the Goldstorm Deposit remains open in all directions and requires further exploration drilling to determine its full size and extent.

Tudor Gold reports that it holds an 80% interest in the 17,913-hectare Treaty Creek Project, following the acquisition of American Creek Resources Ltd., which previously held a 20% carried interest. Teuton Resources Corp. is disclosed as holding the remaining 20% interest in Treaty Creek. The project is strategically located, bordering Seabridge Gold Inc.'s KSM property to the southwest and Newmont Corporation's Brucejack Mine property to the southeast, within an area that hosts producing and past-producing mines and several large deposits that are approaching potential development.

Core assets and exploration focus

The Treaty Creek Project is the central focus of Tudor Gold's exploration and development activities. The company describes the Goldstorm Deposit as a gold-copper porphyry system with multiple zones, including:

• Goldstorm Deposit – the main resource area, with extensive drilling since 2016 totaling approximately 190,000 meters.
• SC-1 Zone – a high-grade gold zone identified based on 2022 and 2023 drilling, with a discovery hole intersecting 25.5 meters grading 9.66 g/t gold, 1.23 g/t silver and 0.24% copper.
• 300 North (300N) and 300 Horizon (300H) Zones – zones where Tudor Gold has reported higher-grade gold intercepts and structural corridors that link mineralized domains.
• CS-600 Zone – a zone where drilling has intersected long intervals of gold, silver and copper mineralization.
• Perfectstorm, CBS and Eureka Zones – additional mineralized zones on the Treaty Creek property that have seen more limited drilling but are highlighted by the company as targets with potential for additional gold-silver-copper resources.

Drill results released by Tudor Gold from its 2025 exploration program at Treaty Creek include intercepts such as 2.57 g/t gold equivalent over 54.00 meters, 1.70 g/t gold over 73.50 meters, and 1.70 g/t gold over 46.00 meters in various zones within and around the Goldstorm Deposit. These results are used by the company to support its interpretation of higher-grade structural corridors within a bulk-tonnage mineral resource.

Development strategy and project advancement

Tudor Gold describes itself as advancing Treaty Creek from exploration toward potential production. The company has outlined a strategy that emphasizes higher-grade gold mineralization, often around two grams per tonne gold and higher, within the broader Goldstorm Deposit. According to its public statements, Tudor Gold is evaluating the potential for a mid-size underground mine with a relatively small footprint, targeting these higher-grade zones as a possible development path to gold production.

To support this strategy, Tudor Gold has filed a Notice of Work permit application with the BC Ministry of Energy, Mines and Low Carbon Innovation for underground exploration at Treaty Creek. The permit application contemplates the development of an underground ramp to access the SC-1 Zone and the zones that comprise the Goldstorm Deposit. Once constructed, this ramp is expected by the company to allow underground drill stations to be established for definition drilling, mine-planning work and more efficient expansion drilling. Tudor Gold has indicated that underground drilling is expected to reduce the time and cost of delineating high-grade zones and to enable year-round drilling.

The company has also initiated preparation of an updated Mineral Resource estimate for Treaty Creek that incorporates drill data from the 2024 and 2025 exploration programs, comprising approximately 15,000 meters of additional drilling. Tudor Gold has disclosed that the updated resource modeling will use smaller block sizes in its block model to improve the resolution of higher-grade gold mineralization, and that sensitivity analysis of tonnes and grade above 2 g/t gold will be included to help assess the potential for an underground mining scenario.

Corporate actions and ownership consolidation

Tudor Gold has taken several corporate steps to consolidate its interest in Treaty Creek and support its exploration and development plans. In a transaction completed by way of a court-approved plan of arrangement, the company acquired all of the issued and outstanding common shares of American Creek Resources Ltd., increasing its interest in Treaty Creek from 60% to 80%. American Creek previously held a 20% carried interest in the project. Following the transaction, American Creek became a wholly owned subsidiary of Tudor Gold, and American Creek's shares were expected to be delisted from the TSX Venture Exchange and the OTCQB.

The company has also reported equity financings, including flow-through and non-flow-through financings, to strengthen its financial position and fund exploration and development work at Treaty Creek. Tudor Gold states that these financings provide it with the financial capacity to pursue what it views as an economically attractive development path at Treaty Creek.

Location and regional context

Tudor Gold's projects are located in the Golden Triangle of British Columbia, a region described by the company as hosting producing and past-producing mines and several large deposits that are approaching potential development. The Treaty Creek Project is situated in the same regional geological setting as Seabridge Gold's KSM deposits and Newmont Corporation's Brucejack Mine, with the Goldstorm Deposit and KSM deposits aligned along the Sulphurets Thrust Fault.

The company has also publicly discussed a land use conflict between Treaty Creek and the planned Mitchell-Treaty Twinned Tunnels associated with the KSM project. Tudor Gold has proposed an alternative tunnel route that would bypass the Goldstorm Deposit and the Perfectstorm Zone to the north, and it has initiated legal proceedings in British Columbia courts to protect its mineral claim rights while also expressing a preference for a negotiated resolution with the Province of British Columbia and Seabridge Gold Inc.

Exploration programs and technical work

Tudor Gold regularly reports on its exploration programs at Treaty Creek. The 2025 exploration program focused on:

• Targeting gaps between the 300N and 300H Zones and the SC-1 Zone.
• Testing for additional high-grade SC-1-like structural corridors.
• Refining the understanding of higher-grade gold structures within the Goldstorm Deposit.

Drilling has been accompanied by quality assurance and quality control (QA/QC) procedures, including the use of blanks, certified standards and duplicate samples, with sample preparation and analysis conducted by independent laboratories that operate under ISO 17025 and ISO 9001 quality systems, as disclosed by the company.

In addition to drilling, Tudor Gold has indicated that metallurgical test work on various zones of the Goldstorm Deposit is underway, and that further surface exploration is planned at other Treaty Creek zones such as Perfectstorm, CBS and Eureka, with the goal of developing additional gold-silver-copper mineral resource estimates.

Business model and investor profile

Based on its public disclosures, Tudor Gold's business model centers on exploration and development of mineral resources rather than current mineral production. The company seeks to increase and upgrade mineral resources at Treaty Creek through drilling and technical studies, while also advancing permitting and project design that could support a future mining operation. Investors in TDRRF are therefore exposed to exploration, development, permitting and commodity price risks typical of early-stage and advanced exploration mining companies.

Frequently Asked Questions (FAQ)

• What does Tudor Gold Corp. do?
  Tudor Gold Corp. is a precious and base metals exploration and development company. Its primary focus is the Treaty Creek Project in British Columbia's Golden Triangle, where it explores for and evaluates gold, silver and copper resources, particularly within the Goldstorm Deposit and associated zones.
• Where is Tudor Gold's main project located?
  The company's main asset, the Treaty Creek Project, is located in the Golden Triangle region of northwestern British Columbia, Canada. The project borders Seabridge Gold Inc.'s KSM property to the southwest and Newmont Corporation's Brucejack Mine property to the southeast.
• What is the Goldstorm Deposit?
  The Goldstorm Deposit is a large gold-copper porphyry system within the Treaty Creek Project. According to the NI 43-101 Technical Report dated April 5, 2024, it hosts substantial Indicated and Inferred Mineral Resources in gold, silver and copper, and remains open in all directions, indicating potential for further expansion through exploration drilling.
• What interest does Tudor Gold hold in the Treaty Creek Project?
  Following the acquisition of American Creek Resources Ltd., Tudor Gold reports that it holds an 80% interest in the 17,913-hectare Treaty Creek Project. Teuton Resources Corp. holds the remaining 20% interest, based on company news releases.
• Is Tudor Gold currently producing gold?
  Available company information describes Tudor Gold as an exploration and development company. Its disclosures focus on mineral resource estimates, exploration drilling, metallurgical work and permitting activities at Treaty Creek, rather than on active mineral production.
• What are the SC-1, 300N, 300H and CS-600 zones?
  These are specific mineralized zones within or near the Goldstorm Deposit at Treaty Creek. SC-1 is characterized by high-grade gold mineralization identified through drilling. The 300 North (300N) and 300 Horizon (300H) Zones are areas where drilling has linked mineralized intercepts along structural corridors. CS-600 is another zone with extensive gold, silver and copper mineralization.
• What is Tudor Gold's plan for underground exploration?
  Tudor Gold has filed a Notice of Work permit application for an underground exploration ramp at Treaty Creek. The proposed ramp would provide access to the SC-1 Zone and other zones of the Goldstorm Deposit, allowing underground drilling for resource definition, mine planning and more efficient expansion drilling.
• How does Tudor Gold describe the potential development path at Treaty Creek?
  The company has indicated that its long-term strategy is to focus on higher-grade gold mineralization, around two grams per tonne gold and higher, within the Goldstorm Deposit. It is evaluating the potential for a mid-size underground mine with a relatively small footprint as a possible path toward gold production, subject to technical, economic and permitting outcomes.
• What is the permitting overlap issue with Seabridge Gold's KSM project?
  Tudor Gold has disclosed a land use conflict between the planned Mitchell-Treaty Twinned Tunnels for the KSM project and the Goldstorm Deposit and Perfectstorm Zone at Treaty Creek. The company has proposed an alternative tunnel route to avoid these zones and has initiated legal proceedings in British Columbia to protect its mineral claim rights while seeking a negotiated solution.
• What types of risks does Tudor Gold highlight in its disclosures?
  In its cautionary statements regarding forward-looking information, Tudor Gold refers to risks such as exploration results, fluctuating gold prices, equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic and market conditions, regulatory changes, timeliness of government approvals and the outcomes of litigation.