• April 2020: Tudor announced the initiation of metallurgical studies for the Company’s flagship project, Treaty Creek,  study focusing on the mineral characteristics and the prospects of developing Treaty Creek as a bulk tonnage mining target using conventional processing techniques. The metallurgical test results will be used as part of the initial economic assessment for the project.

• The Company is also pleased to announce an agreement with RTEC (a joint venture partnership between ERM Consultants Canada Ltd. (ERM) and the Tahltan Nation Development Corporation (TNDC)), to begin preliminary baseline studies that will be required for provincial permitting of the Treaty Creek project. These baseline studies will focus on surface water quality, hydrology, atmospherics, wildlife and archaeology.

• May 2020: Diamond drilling has begun with two drill rigs on the Goldstorm Zone which is on-trend from the Seabridge KSM Project located just five kilometers to the southwest. The priority of the planned 20,000 meter exploration program at Treaty Creek is to continue expand the Goldstorm System to the southeast and to the northeast. The goal is to complete enough drilling that the company can begin to delineate a first resource estimation at Treaty Creek later this year.

In June of 2016, TUDOR acquired a 60% interest in the Treaty Creek claims. American Creek Resources Ltd. (TSXV-AMK) and Teuton Resources Corp. (TSXV-TUO) each hold a 20% interest carried through to a production decision. The property is subject to 3% NSR royalties.

Exploration of the Treaty Creek area over the past 30 years by various junior companies has resulted in the discovery of a number of surface mineral showings, some with very high gold and silver values. There have been over 150 diamond drill holes completed on the property from 1987 to date, in eight different mineral zones. It has been only recently, however, that drilling revealed the potential for a large-scale, porphyry-style gold deposit at the Copper Belle and Goldstorm zones, located on-trend, and just 5 kilometers northeast of the KSM deposits. Copper Belle, and the larger Goldstorm, are hosted by the same belt of Jurassic-age volcanic and intrusive rocks that host the KSM mineralization and are also located close to the Sulphurets Thrust Fault, which continues along trend from the KSM property and is believed to be a controlling factor in the formation of the porphyry-style mineral bodies.

There are no known resources or reserves on the Treaty Creek property and the presence of mineral deposits on properties adjacent to or in close proximity to the Treaty Creek property is not necessarily indicative of economic mineralization on the Treaty Creek property.

Fifty-seven drill holes, totaling about 23,000 metres, had been drilled at Copper Belle as of the end of 2017, within an area measuring roughly 1000 meters in length by 400 meters wide and to depths of about 500 meters. A number of long mineralized intervals were revealed, such as hole CB-17-07, that over 369.0 m averaged 0.686 g/t Au, 2.4 g/t Ag and 0.03% Cu, including 43 m of 1.81 g/t Au. These broad intercepts were the first indication of a deep system at the Goldstorm Zone, which is located immediately to the northeast of Copper Belle. Mineralized areas appear to be elongate and trending north-northeast, with a moderately flat dip to the northwest and having a drilled thickness of over 400 m in places.

In 2018, drilling continued in the Goldstorm Zone with the intent of exploring possible extensions of the mineralized area to the north of, and west of, previous drill holes. Nine holes, totalling 7,238 meters, were drilled in 2018 in this new target area that covers approximately 500 m by 450 m. Extensive intervals of gold mineralization were intersected in a number of the holes, such as hole CB-18-32 that averaged 0.662 g/t Au over 337.8 m, including 121.8 m at a grade of 1.036 g/t Au and hole CB-18-39 that averaged 0.981 g/t Au over 563.8 m and ended in mineralization.

Gold mineralization at Goldstorm and Copper Belle is hosted primarily within andesitic tuffs and volcaniclastic rocks, with only limited sections of intrusive rocks observed. All rocks are altered to varying degrees, with typically abundant chlorite, as well as localized sericite, potassium feldspar and zones of silicification. Pyrite is abundant in the strongly mineralized areas, occurring as disseminations, veins and coarse masses, with local sparse specks of chalcopyrite. Quartz-carbonate veins are common and appear to post-date the pyritic groundmass; some contain fine pyrite and local chalcopyrite, galena and arsenopyrite. Minor visible gold has also been observed in the quartz-carbonate veins.

The summary of results provided in the table below includes the most promising gold intersections reported to date. Several of the holes returned well-mineralized intervals of over 100 meters in length. Each new broad interval of gold mineralization adds considerably to the known size of the Goldstorm and Copper Belle zones and to the potential number of contained ounces of gold. TUDOR GOLD is working toward collecting sufficient data to enable the calculation of an economic resource encompassing the Goldstorm and Copper Belle zones.

•       Thirty-three deep drill holes

•       Holes spaced 100 to 150 m apart

•       Defined area of mineralization approximately 800 m by 600 m.

•       Several broad gold intercepts returned, such as:

•       Fifty drill holes

•       Holes mostly <100 m apart

•       Extended mineralized corridor to 650 m x 300 m

•       Numerous gold intercepts of moderate length returned, such as:

The GR2 zone is located 1100 m northwest of the Copper Belle zone on an upper mountain slope. Several linear alteration zones, cutting exposures of volcanic and sedimentary rocks, consist primarily of quartz, sericite, and pyrite, with lesser carbonate. Semi-massive to massive pods of galena and sphalerite have been discovered in talus blocks and trenches near the alteration. Silicification with disseminated pyrite appears to be spatially associated with growth faults and may represent a deep epithermal setting, whereas the more massive sulphides may have a volcanogenic massive sulphide (VMS) affinity. Gold grades in trenches typically average in the 1.0 to 5.0 g/t range, with strongly elevated values of Pb, Zn, Ag, Sb and As. These indicator metals are commonly present in both epithermal systems and VMS feeder zone veins. Trench exposed pods of coarse grained stratabound lead and zinc sulphides, accompanied by intensive silicification have returned some high gold and silver values. Drilling in the GR2 zone has been confined to a relatively small area, roughly 220 metres wide by 250 metres long, to depths of 400 metres. From 2007 to 2017, a total of 43 drill holes, comprising 11,315 metres have been drilled in thisarea, with 32 of those holes returning significant values over generally narrow widths. One of the better examples is hole TC07-24, which intersected 6.80 m averaging 1.4 g/t gold, 93.9 g/t silver, 0.27% copper, 4.4% lead and 2.6% zinc within a silicified breccia and stringer zone Mineralization remains open along strike and at depth.

The Eureka zone is located 1500 m east of the Copper Belle zone, near the west edge of an extensive, bright yellow-orange gossan zone covering over one square kilometer of clay, sericite, quartz and pyrite alteration. Alteration overprints several different rock units, including volcanic flows and breccias, plagioclase-porphyry intrusions, and minor sedimentary rocks. Alteration mineralogy suggests a shallow magmatic hydrothermal or epithermal environment of formation, with the potential to host gold-silver bearing veins and pervasive lower grade disseminated gold-silver mineralization.

At the Eureka showing, outcrops are cut by veins infilled with fine to coarse-grained quartz, calcite, and pyrite. Veins have steep dips with variable orientations and form weakly sheeted to stockwork zones. In the Eureka zone and surrounding area about 20 holes have been drilled on various targets. Several long intervals of weakly elevated gold grades were returned, such as 0.46 g/t Au over 169.2 m (DH 97-1) and 0.69 g/t Au, 2.9 g/t Ag over 75.5 m (TC07-02). Additional drilling is required to better define the mineralized areas.

This page contains forward-looking statements. Please read the Legal Notice for further information.

Mr. Ken Konkin, P.Geo, Company’s  Exploration Manager is the Qualified Person for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained on Company’s website.