TUDOR GOLD Completes Electrum Property Access Road
Walter Storm, President and CEO
Background on the Electrum Property
The Electrum property is a 60:40 joint venture between TUDOR GOLD (as operator) and American Creek Resources Ltd. It is located between the past producing Premier gold mine (in the 1920’s North America’s greatest dividend payer), and British Columbia’s newest gold mine, the Valley of the Kings. Recently commissioned at a cost of $1 Billion dollars, it hosts proven and probable reserves of 8.1 million ounces of gold (see www.pretivm.com). Within this area are several other past producing mines as well as new projects undergoing exploration.
One portion of the Electrum property includes the historic East Gold mine which was hand mined between 1939 and 1965, producing 3,816 oz of gold and 2,442 oz of silver from 45 tons of selected ore (BC Ministry of Mines Assessment Report 30206). These historic production values have not been independently verified by TUDOR GOLD.
Due to a serious back-log of assays involving multiple exploration companies, Tudor is still waiting for approximately 40% of outstanding assays from the two separate areas drilled this year on the property, the Copper Belle and GR2 (HC) zones. Representatives from Tudor have visited the Laboratory and made these concerns known.
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. The Company also has a 100% interest in the Crown Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.
Contact Information
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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.