Tudor Gold Plans 2026 Exploration at Treaty Creek, Notes Positive Permitting Progress

• Tudor Gold Corp. has announced a 10,000-metre-plus, two-phase 2026 exploration program at its Treaty Creek Project in British Columbia's Golden Triangle, with 2 drill rigs scheduled to mobilise to the site by mid-May 2026.
• Phase 1 targets the CBS Zone with an initial 2,000 metres of drilling, following up on a 2021 intercept of 0.78 grams per tonne gold and 2.34 grams per tonne silver over 155.0 metres, including 53 metres at 1.24 grams per tonne gold and 4.35 grams per tonne silver.
• Phase 2 targets the Perfectstorm Zone with an initial 8,000 metres of drilling, following up on a 2023 intercept of 1.23 grams per tonne gold and 3.43 grams per tonne silver over 102.15 metres, including 42.5 metres at 1.80 grams per tonne gold and 5.76 grams per tonne silver.
• British Columbia's Major Mines Office (MMO) advised Seabridge Gold in a letter dated April 9, 2026, that it would not deliberate on the KSM Mitchell Treaty Twin Tunnels permit amendment application pending greater legal certainty over its interaction with Tudor's overlapping mineral titles.
• The Goldstorm Deposit hosts Indicated Mineral Resources of 24.9 million ounces of gold, 148.7 million ounces of silver, and 3.048 billion pounds of copper, with a Preliminary Economic Assessment (PEA) now underway for an underground mining scenario.

Company Overview

Tudor Gold Corp. (TSXV: TUD) (FSE: H56) is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle. The company holds an 80% interest in the 17,913-hectare Treaty Creek Project, which borders Seabridge Gold Inc.'s KSM property to the southwest and Newmont Corporation's Brucejack Mine to the southeast. The Treaty Creek Project hosts the Goldstorm Deposit, which holds Indicated Mineral Resources of 24.9 million ounces of gold, 148.7 million ounces of silver, and 3.048 billion pounds of copper, and Inferred Mineral Resources of 2.6 million ounces of gold, 7.2 million ounces of silver, and 67.9 million pounds of copper. The deposit remains open in all directions. In addition to the Goldstorm Deposit, Treaty Creek hosts the CBS, Eureka, and Perfectstorm zones.

2026 Exploration Program

Tudor Gold has reported that planning is well advanced for its 2026 Treaty Creek exploration program. The program, totalling more than 10,000 metres across two phases, is designed to follow up on gold discoveries near the Goldstorm Deposit, which hosts the project's Mineral Resources.

Phase 1 will target the CBS Zone, following up on drill results from 2021 and 2022. One hole previously encountered 0.78 grams per tonne gold and 2.34 grams per tonne silver over 155.0 metres, including 53 metres grading 1.24 grams per tonne gold and 4.35 grams per tonne silver. An initial 2,000 metres of drilling is planned, with additional drilling dependent on success. The CBS Zone sits at a lower elevation than other zones identified at Treaty Creek and can be drilled both earlier and later in the exploration season than the other known zones.

Phase 2 will focus on the Perfectstorm Zone, following up on geophysics completed in 2022 and higher-grade intercepts from the 2023 drill program. Another hole intersected 1.23 grams per tonne gold and 3.43 grams per tonne silver over 102.15 metres, including 42.5 metres grading 1.80 grams per tonne gold and 5.76 grams per tonne silver. An initial 8,000 metres of drilling is planned for the Perfectstorm Zone, with additional drilling dependent on success. Two drills are planned to mobilise to the site by mid-May and continue drilling through late September or early October.

Permitting Overlap Update

KSM Mining ULC, a subsidiary of Seabridge Gold Inc., has filed a permit amendment application with the Major Mines Office (MMO) of British Columbia's Ministry of Mining and Critical Minerals to construct and operate the approximately 22-kilometre Mitchell Treaty Twin Tunnels (MTT), which is only partially permitted to date. The MTT would route directly through Treaty Creek's Goldstorm Deposit and pierce the Perfectstorm Zone, which Tudor describes as a promising new gold discovery with potential to exceed the Goldstorm Deposit in both tonnes and grade.

In a letter to Seabridge, the MMO decision maker advised it would not proceed to deliberate on the application in the absence of greater legal certainty regarding the interaction between the proposed MTT and Tudor's overlapping mineral titles, noting that such certainty could be provided by a negotiated agreement or a court ruling.

Tudor has filed two proceedings in the British Columbia Supreme Court: a notice of civil claim filed September 2025, asserting that a conditional registration reserve does not apply to Tudor's mineral claims and cannot grant rights to third parties that they did not otherwise have; and a petition filed October 2025, seeking judicial review of the Ministry of Water, Land and Resource Stewardship's decision to grant Seabridge a License of Occupation covering certain of Tudor's claims. A prior appeal to B.C.'s Gold Commissioner was settled between all three parties, with the substance addressed in the two active proceedings. No court dates have been set. Tudor has stated its preference is to negotiate with the Province of British Columbia and Seabridge.

Next Steps

Two drill rigs are scheduled to mobilise to Treaty Creek by mid-May 2026, with drilling planned to continue through late September or early October. Phase 1 will target the CBS Zone with an initial 2,000 metres of drilling. Phase 2 will target the Perfectstorm Zone with an initial 8,000 metres of drilling. Additional drilling in both phases is contingent on results. Resolution of the MTT permitting overlap conflict requires either a negotiated agreement between Tudor and KSM or a court ruling. No court dates have been set for Tudor's two active British Columbia Supreme Court proceedings.

FAQs (AI-Generated)