Tudor Gold Completes MT Survey and Commences Drilling on Treaty Creek
VANCOUVER, BRITISH COLUMBIA Tudor Gold Corp. (TSX VENTURE:TUD) (the "Company" or "Tudor Gold") is pleased to announce the completion of an MT ("magnetotelluric") geophysical survey on the Company's Treaty Creek project. The MT survey was designed to cover favorable areas identified by previous drilling and geophysical programs and was successful in providing valuable geophysical data regarding the Treaty Creek property. The Company also announces that a drilling program on the Treaty Creek property has now commenced. A 3,000 meter drill program is planned, which may be increased or decreased subject to weather conditions.
Tudor Gold's Chairman Walter Storm states, "I am excited that our 2016 field season exploration program is moving forward and our field team has completed an MT Survey and initiated a drilling program within two months of closing the Treaty Creek deal."
The Treaty Creek property consists of 44 claims and covers approximately 179 square kilometers (17,913 hectares) in northwest British Columbia. The project is contiguous with and/or in close proximity to Seabridge Gold Inc.'s KSM project and its southern border lies approximately 15 kilometers north of Pretium Resources Inc.'s Snowfield/Brucejack (Valley of the Kings) mineral resource.
About the Company
Tudor Gold is focused on being a significant explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, and a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of which are located in the Golden Triangle area. There are no known resources or reserves on any of the Company's mineral properties, and the presence of mineral deposits on properties adjacent to or in close proximity to the Company's mineral properties is not necessarily indicative of mineralization on the Company's properties.
Walter Storm, President and Chief Executive Officer
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
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.
Tudor Gold Corp.
Chief Financial Officer and Corporate Secretary