TUDOR GOLD retains P&E Mining Consultants for technical assistance at Treaty Creek
VANCOUVER, BC, April 16, 2019 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that the Company has retained P&E Mining Consultants Inc. (“P&E”) of Brampton, Ontario for assistance in planning the upcoming 2019 drilling season, with a view to eventually compiling an initial Mineral Resource Estimate pursuant to National Instrument 43-101 for the 60% company owned Treaty Creek Property in northwestern British Columbia.
P&E Mining Consultants Inc., established in 2004, provides geological and mine engineering consulting reports, Mineral Resource Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. P&E undertook the initial Mineral Resource Estimate for Pretium Resources Inc.’s Brucejack Property and the resulting Technical Report that supported the $100M IPO.
Ken Konkin, Tudor Gold’s Exploration Manager stated, “I have had the pleasure of working with Mr. Eugene Puritch, P. Eng, FEC and President of P&E Mining Consultants Inc. and his team of professional geologists and professional engineers on several projects in North and South America. P&E Mining Consultants specialize in geological modeling and mine design and their work is of the highest standards. I look forward to working again with Eugene and his geo-scientists and engineers in order to determine the optimum drill hole spacing required for the drill program. Our goal is to fast-track the exploration program at Treaty Creek during this summer adding value to Tudor’s Goldstorm target in the most efficient and economic methods possible. Once drilling begins, P&E Mining Consultants will conduct a site visit and complete a project review.”
About P&E Mining Consultants Inc.
P&E’s more than 20 associates have experience in geological interpretation, 3D geologic modeling, technical report writing, Mineral Resource and Mineral Reserve Estimates, property evaluations, mine design, production scheduling, operating and capital cost estimates and metallurgical engineering. In addition, the company is affiliated with major Canadian based consulting firms for the purposes of joint venturing on Feasibility Studies. Their experience covers over 350 technical reports on diamonds, most metallic deposits including gold, silver, base metals, PGM and iron for both open pit and underground deposits. P&E Mining Consultants Inc. operates under Certificates of Authorization from the provinces of Ontario, Newfoundland, NWT/Nunavut and Saskatchewan. Associates are also licenced in the provinces of British Columbia, Quebec and New Brunswick.
About TUDOR GOLD
TUDOR GOLD Corp. is a precious and base metals explorer with properties in British Columbia’s Golden Triangle, 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 borders Pretium Resources Inc.’s Brucejack property to the southeast. In March 2021, Tudor published their INITIAL MINERAL RESOURCE ESTIMATE with 19.4 million ounces AuEq of 0.74 g/t AuEq (measured and indicated) and 7.9 million ounces AuEq of 0.79 g/t AuEq (inferred). The Company also has a 100% interest in the Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.
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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 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 connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s 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.