Tudor Gold Shifts 2026 Drilling to Perfectstorm as Goldstorm Advances Through Engineering

• Tudor Gold has launched a 10,000-metre-plus 2026 exploration program at Treaty Creek, with 8,000 metres directed at the Perfectstorm Zone, which the company states has the potential to exceed the Goldstorm Deposit in both tonnes and grade.
• The Goldstorm Deposit currently hosts indicated mineral resources of 24.9 million ounces of gold at 0.85 grams per tonne, 148.7 million ounces of silver, and 3.048 billion pounds of copper; Tudor's stated initial target for the 2026 program is to come up with another deposit as an initial resource at these zones.
• Phase 2 drilling at Perfectstorm follows up on a 2023 intercept that returned 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.
• British Columbia's Major Mines Office (MMO) advised that the decision was made not to proceed to deliberate on Seabridge Gold Inc.'s Mitchell Treaty Twin Tunnels (MTT) permit amendment in the absence of greater legal certainty over its overlap with Tudor's mineral titles.
• Tudor is simultaneously advancing a preliminary economic assessment (PEA) on the Goldstorm Deposit targeting an underground mining scenario of 8,000 to 10,000 tonnes per day, with completion targeted for summer 2026.

Discovery Risk Over Infill: Tudor's 2026 Allocation

Tudor Gold Corp. (TSXV: TUD) (Frankfurt: H56) is shifting the bulk of its 2026 drilling toward the early-stage Perfectstorm Zone, testing whether the target can evolve into a second deposit while the Goldstorm Deposit advances through engineering. The company has launched a 10,000-metre-plus surface exploration program set to begin in May, with 8,000 metres allocated to Perfectstorm, a zone the company believes has the potential to exceed Goldstorm in both tonnes and grade, though no resource estimate yet exists for it.

2026 Program Structure: CBS & Perfectstorm

The 2026 Treaty Creek Exploration Program is structured in two phases. Phase 1 directs an initial 2,000 metres at the CBS Zone, following up on results from 2021 and 2022, including an intercept that returned 0.78 grams per tonne gold and 2.34 grams per tonne silver over 155 metres, including 53 metres grading 1.24 grams per tonne gold and 4.35 grams per tonne silver. The CBS Zone sits at a lower elevation than other known zones at Treaty Creek, extending the viable drilling window earlier and later in the season than other targets.

Phase 2 directs an initial 8,000 metres at the Perfectstorm Zone, following up on 2022 geophysics and a 2023 intercept that returned 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. Additional drilling in both phases is dependent on success. Two drills are planned to mobilise to the site by mid-May, with field operations continuing through late September or early October.

President and Chief Executive Officer of Tudor Gold, Joseph Ovsenek, outlined the company's exploration rationale: 

"Our initial target is to come up with another deposit as an initial resource, say 5 million ounces of gold with blue sky to move up."

What the Perfectstorm Zone Currently Represents

The Perfectstorm Zone is one of three satellite targets - alongside CBS and Eureka - located near the Goldstorm Deposit, which hosts the project's current mineral resource estimate of 24.9 million indicated ounces of gold at 0.85 grams per tonne, 148.7 million ounces of silver, and 3.048 billion pounds of copper across 912.3 million tonnes. Inferred resources stand at 2.6 million ounces of gold at 3.64 grams per tonne, 7.2 million ounces of silver, and 67.9 million pounds of copper across 21.8 million tonnes.

Tudor describes Perfectstorm as having the potential to exceed the Goldstorm Deposit in both tonnes and grade. That characterisation is based on follow-up from geophysics completed in 2022 and the higher-grade drill hole intercepts intersected in the 2023 drill program. Tudor's stated initial target is to establish an initial resource for the satellite zones.

MTT Conflict as Contextual Overhang

The proposed Mitchell Treaty Twin Tunnels (MTT) would route directly through both the Goldstorm Deposit and the Perfectstorm Zone. The Major Mines Office (MMO) of British Columbia's Ministry of Mining and Critical Minerals advised Seabridge Gold Inc. that the decision was made not to proceed to deliberate on the KSM Mining ULC permit amendment application for the MTT, in the absence of greater legal certainty over its interaction with Tudor's overlapping mineral titles. The MMO indicated that this certainty could potentially be provided by a negotiated agreement between KSM and Tudor or a court ruling. No court dates have been set, and Tudor has stated its preference is to negotiate.

Tudor has two active proceedings in the Supreme Court of British Columbia seeking judicial review of a License of Occupation granted to Seabridge over certain of Tudor's claims. While the MTT conflict remains unresolved, Tudor's 2026 surface exploration program is proceeding as planned.

Two Tracks Running Simultaneously

The 2026 exploration program runs alongside Tudor's advancement of a preliminary economic assessment (PEA) on the Goldstorm Deposit, targeting an underground mining scenario at a rate of 8,000 to 10,000 tonnes per day with an estimated capital expenditure in the range of C$1 billion to C$1.5 billion. The PEA is targeting completion in summer 2026.

Ovsenek described the dual-track rationale in the same presentation: 

"While we're in engineering on that, let's keep going hard, find another deposit, two maybe three on the property."

Tudor holds an 80% interest in the 17,913-hectare Treaty Creek Project in British Columbia's Golden Triangle, bordering Seabridge Gold's KSM property to the southwest and Newmont Corporation's Brucejack Mine property to the southeast. The company's joint venture partner is Teuton Resources Corp. The company also has a permit application filed for an underground ramp to access and drill the high-grade gold SC-1 Zone.

On the broader jurisdictional backdrop, Ovsenek noted: 

"We have a very supportive government in British Columbia that really wants mining to be a part of the future of BC."

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