Tudor Gold Treaty Creek CBS Zone Discovery: 8 Things You Need to Know

Project Overview

Treaty Creek is a Golden Triangle project in northwestern British Columbia, 80%-owned by Tudor Gold Corp. (TSXV: TUD) (Frankfurt: H56). The project is anchored by the Goldstorm deposit and also hosts the CBS and Perfectstorm zones, where the company's 2026 drilling program is currently focused.

Tudor Gold reported new drilling results at the CBS Zone on July 07, 2026. The results point to both an expanding gold-rich zone and a newly found silver-rich zone deeper in the same area. The news comes as gold works through a volatile stretch, having fallen sharply in the second quarter of 2026 even as official buyers kept adding to their holdings. Tudor Gold remains a development-stage company at Treaty Creek, with drilling now aimed at both expanding known mineralization and testing continuity with the Goldstorm deposit, so this drilling news adds to the picture rather than changing the underlying investment case on its own.

1. A Silver-Rich Zone Has Turned Up Deeper in the Ground

A new, silver-rich section has been identified well below the surface, in a part of the CBS Zone that had not previously returned this style of mineralization. The silver grades in places were very high, including one shorter, richer stretch running well over 200 grams of silver per tonne of rock. Tudor Gold says this ties in with a similarly silver-rich result from an earlier round of drilling, as well as a cluster of silver-bearing rock samples collected at surface.

This is an early finding rather than a confirmed discovery. The zone remains open, meaning its full size and shape are not yet known, and more drilling is required before it can be considered anything more than a promising lead.

2. The Known Gold Zone Continues to Grow Toward Goldstorm

Separately, the same round of drilling extended the gold-rich zone further in the direction of the Goldstorm deposit. The gold intercepts were more modest in grade than the silver find, but they continue a pattern investors have seen before, gold mineralization tracking toward the larger, already-defined deposit next door.

This distinction matters for how investors should weigh the two results. The gold extension reinforces a direction that was already expected. The silver find is new ground, and carries more uncertainty until it is tested further.

3. Tudor Gold Describes This as a More Complex Mineral System Than Previously Understood

Tudor Gold now describes the CBS Zone as potentially hosting more than one type of mineral-bearing structure, rather than a single, uniform trend. That framing is the company's own read of the new data, not an independently confirmed conclusion.

If that view holds up under further drilling, it would mean the CBS Zone needs to be understood, and eventually measured, as more than one system. That adds complexity to how any future resource work will need to treat the area.

4. Drilling Has Moved On, With a Planned Return Later This Year

The drill rigs have since moved to another part of the property, with a return to the CBS Zone planned for September to follow up specifically on the new results. Until that follow-up work is done, no additional data on the silver zone is expected from this area.

For investors tracking the next catalyst, September is the date to watch. Any near-term news is more likely to come from wherever the rigs are currently working rather than from further confirmation at the CBS Zone.

5. The Drilling Is Explicitly Aimed at the Goldstorm Deposit

This program's stated goal is not only to expand mineralization at the CBS Zone but also to test the zone's continuity toward the Goldstorm deposit. The gold-rich extension in this update moves in that direction, in line with that stated objective.

Given that framing, the CBS Zone discovery is best understood as part of an effort to connect newly found mineralization with the project's known Goldstorm system, rather than as a standalone result unrelated to it.

6. No New Financial Figures Come With This News

This release is limited to drilling results. It does not include any information on an economic study, permitting activity, an updated project valuation, updated cost estimates, or a revised resource count.

Investors should treat the silver discovery as an exploration lead that could eventually feed into future project planning, not as something that changes today's valuation.

7. The Backdrop Is a Volatile but Resilient Gold Market

Gold had its worst quarterly performance since 2013 in the second quarter of 2026, falling by double digits, yet large central buyers kept adding to their reserves throughout the decline. Gold's share of global reserves has grown enough to overtake government bonds for the first time in roughly three decades, pointing to sustained long-term demand even during short-term price weakness.

For a company still working through project studies, this backdrop affects timing more than it affects today's drilling news. Whatever price assumptions eventually shape the project's economics will be set against this same backdrop.

8. The Results Depend on Drilling That Is Not Yet Complete

The company states that further drilling is required to determine the orientation and true width of the mineralized body, since it remains open in all directions. Assay values reported are uncut, and interval lengths reflect drilled distances rather than true thickness.

That qualification is worth keeping in mind when sizing either the gold or the silver result. Until follow-up drilling narrows down orientation and true width, both findings should be treated as directional rather than final.

Key Takeaways for Investors

• The gold-rich extension moves in the expected direction, toward the Goldstorm deposit, and reinforces the project's existing exploration plan.
• The silver-rich zone is a new, unconfirmed target, still open in all directions and not yet sized or classified.
• No economic study, permitting update, or resource estimate accompanies this release, so today's valuation is unaffected.
• Assay results are uncut and true widths are undetermined, so both the gold and silver figures should be read as directional rather than final.
• September marks the next scheduled catalyst, when drilling returns to the CBS Zone to follow up on both results.

Bottom Line

This update adds two things to the Treaty Creek story: continued growth of the known gold zone toward Goldstorm, which supports the project's stated exploration goal, and a new, unconfirmed silver-rich zone that could add a second dimension to the CBS Zone over time. Neither result changes the project's valuation today, since no resource count, economic study, or permitting update comes with this news, and the mineralized body itself remains open and untested for true width. The clearest thing to watch next is the planned return to the CBS Zone in September to follow up on both the gold and silver results.