Interview with award winning geologist Ken Konkin about his impressions of the recent site visit at Treaty Creek
About TUDOR GOLD
TUDOR GOLD (TSX-V: TUD, Frankfurt: TUC.F) is an exciting exploration company focused on precious and base metals projects in the Canadian province of British Columbia. All 10 projects are located in the famous “Golden Triangle”, an area that hosts multiple past producing mines and several large world-class deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties; – other 100% owned projects, or earn-in options include Mackie, Doc, Eskay North, Orion, Fairweather, Delta and the High North properties.
Walter Storm is the CEO of the company. Mr. Storm became known in the gold mining business in Canada through the seed financing of Osisko Mining. Osisko Mining is a major gold producer in Quebec, which was funded, inter alia, by a German holding company (Eurasia), in which Mr Storm held a controlling interest and served as chairman of the supervisory board.
During Mr. Storm’s tenure, not only did Eurasia finance the founding of Osisko Mining in 2004, but it also helped the company become a world-class gold mine with a market capitalization of approximately C$ 4.50 billion.
Early shareholders were pleased with a phenomenal increase of stock prices and the respective market capitalization. Between 2005 and 2010, the company value increased from less than C$ 10 million to over C$ 5 billion. Osisko is considered one of the most successful gold producers in Canada. TUDOR GOLD is listed on the Canadian Stock Exchange (TSXV: TUD) and the Frankfurt Stock Exchange (Ticker: TUC)
Welcome Ken to this interview. Firstly, I want to congratulate you for winning the AME (The Association for Mineral Exploration) award last year for your pivotal role in the discovery of the world class deposit ‘Valley of the Kings’ which is owned by Pretium Resources. Could you please tell our readers some highlights of your biography as a professional geologist?
Thank you for this opportunity to give you some thoughts and opinions about TUDOR GOLD Corp and specifically the Treaty Creek Project. Like most success stories in the exploration world, my story begins with having a solid technical and financial team working together as a unit gaining critical information as quickly as possible in order to “fast-track” the exploration programs. Technical preparation was the key to our success at Snowfields and at Brucejack Lake. Initially we were given modest budgets but the quality of data that we had inherited and new data that we were able to generate helped advance the project rapidly. I don’t think it’s fair to take any specific credit for success at Snowfields nor the Valley Of The Kings Deposit at Brucejack Lake. Clearly this was a team effort. I was the Project Manager for both of these projects for seven years between 2006 and 2012 when the majority of surface exploration took place. I’ve spent over 38 years searching for precious and base-metal deposits throughout North and South America as well as Russia. No doubt, the Golden Triangle is one of my favorite places to explore. Early in my career I spent many years exploring numerous properties for numerous companies between 1983 to 2004 from Alice Arm to the Atlin, B.C.. This recent trip to Treaty Creek was however my first trip there since my work in 1987 for Teuton Resources. Much has changed in over 30 years.
Ken, you are one of the best known and successful geologists in the Golden Triangle region. You have been at the ‘Treaty Creek’ property recently. What was your first impression and thoughts when you visited the site? Did you have the chance to study historical field data and results from the last drill season?
Recently I completed a five-day geological examination of Treaty Creek in mid-September and I did have a chance to examine some of the core from last years’ drilling. I was impressed as to the similarity of some of the mineralization seen at Copper Belle and that of the Snowfields Gold zone. Although the rocks were very similar between the two, the alteration was much stronger within the specific mineralized zones at Copper Belle as well the level of pyritization was also stronger. This broad-type of alteration and mineralization is commonly associated with intrusive-related hydrothermal fluid systems from regional events. In other words, these systems tend to part of large regional events such as those found at the neighboring Seabridge and Pretium properties rather than smaller localized events.
How do you judge the outlook of ‘Treaty Creek’? Are there some positive facts and advantages of TUDOR GOLD concession rights in comparison to the neighbors Seabridge and Pretium?
Clearly there are numerous similarities between the three projects as far as some of the geological parameters are concerned. Yet the logistical advantage lies with Treaty Creek solely based on location and access. The cost of developing a deposit at Treaty Creek would be much less challenging than that at either Snowfields or Seabridge. Pretium has done an excellent job in solving its access issues and successfully constructed one of the highest power transmission lines in North America. Treaty Creeks’ Copper Belle Project is less than half the distance to the highway and any potential construction of roads and infrastructure would be much less challenging than what Pretium faced and what currently faces the Seabridge team.
The ‘Treaty Creek’ property is part of the Sulphurets hydrothermal system in the Golden Triangle. Can you please elaborate to our audience the significance on a regional and international scale?
One of the most unique aspects of the Treaty Property is that it is underlain by host rock-types that include age ranges from as old as the Upper Triassic all the way to and including all the Upper and Lower Jurassic rocks types that host the major deposits within the Golden Triangle. As well, major regional structures that play important roles in the genesis of these deposits which also occur at Treaty Creek. However, I don’t believe that this area has been recognized internationally for it’s vast exploration potential just yet as the majority of the discoveries have been made by the junior exploration companies. Most of the world-class precious and base-metal deposits that lie within or very near populated areas of the world have already been discovered. That leaves the less-populated areas such as the Golden Triangle. Pretium serves as an example of how a world-class gold deposits can be discovered, drilled-off, permitted, developed and constructed all within seven years.
Excellent! Many thanks for the insights I gained on your view about TUDOR GOLD and the interview.
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Cautionary Statements regarding Forward-Looking Information
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 Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements other than statements of historical fact included in this release, including, without limitation, statements regarding analysis and re-interpretation of data, and potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or 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 actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. 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.