June 22, 2016
TUDOR GOLD CORP. COMMENCES 1,000 M. DRILL PROGRAM ON ELECTRUM PROPERTY
June 22, 2016 - Vancouver, British Columbia: Tudor Gold Corp. (the “Company” or “Tudor Gold”) is pleased to announce that field crews have commenced drilling on a 1,000 m. diamond drill program at the Electrum property, which is situated in the Golden Triangle area, Skeena Mining Division of British Columbia. Tudor Gold has a 60% joint venture interest in the Electrum property and its partner American Creek Resources Ltd. has a 40% interest. Tudor Gold is the operator for the project.
Orion Property Acquisition - Approval to Issue 250,000 Shares Received
Tudor Gold also announces that it has received regulatory approval to complete an option agreement to acquire the 3,154 hectare Orion property, also located in the Golden Triangle area (see Tudor Gold news release dated June 2, 2016. The Company is issuing 250,000 shares in connection with the transaction, which will have a hold period expiring on October 23, 2016.
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, as well as a 100% interest in the Mackie and the Eskay North properties, all of which are located in the Golden Triangle area. The Company also has recently announced agreements to acquire three other properties in the region (Fairweather, High North and Delta properties), which are still pending regulatory approval and closing of the transactions. 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.
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