Understanding Tudor Gold's New Silver Discovery at Treaty Creek: A Guide for New Investors

• Tudor Gold Corp. is exploring the Treaty Creek Project, an 80% owned property in British Columbia's Golden Triangle that already contains a large, defined gold, silver, and copper deposit called Goldstorm.
• Recent drilling at a nearby target called the CBS Zone found a new pocket of silver rich rock sitting deeper underground than anything drilled there before.
• This silver discovery appears separate from the gold rich rock already known at CBS, meaning the property may contain more than 1 type of valuable rock system, not just 1 large gold deposit.
• The same drilling also showed that the known gold rich rock at CBS stretches further than previously mapped, in 2 different directions.
• Tudor Gold's exploration team plans to drill this same area again in September to learn more about both discoveries.

What Is Treaty Creek, & Why Does It Matter?

Treaty Creek is a mineral exploration project located in a mining friendly region of British Columbia known as the Golden Triangle. Tudor Gold (TSXV: TUD) owns 80% of the project. The property already contains a large, defined deposit called Goldstorm, which geologists have calculated, in a report dated November 30, 2025, to hold significant amounts of gold, silver, and copper. That calculation gives investors a benchmark for how much metal the ground has already been proven to contain.

Beyond Goldstorm, the company is also exploring several nearby areas that have not yet been fully mapped out, including one called the CBS Zone. New drilling at CBS is what this update is about.

What Did the New Drilling Find?

For new investors, the easiest way to think about exploration drilling is this: a company drills a long, narrow hole deep into the ground and sends the rock samples to a lab. The lab reports back how much gold and silver each section of rock contains, and how long that valuable section was.

The new drilling at CBS found a section of rock starting 264.00 meters underground that returned 61.28 grams per tonne silver and 0.09 grams per tonne gold over 34.15 meters. Within that section, a richer stretch of 7.20 meters, starting 280.00 meters underground, returned 201.84 grams per tonne silver and 0.07 grams per tonne gold. That is notable because everything found at CBS before this was mostly gold rich, with silver as a secondary metal. A silver dominant discovery like this is a different kind of find for the project.

To support the idea that this silver rich rock is part of a real, connected system rather than a one off result, the company pointed to 2 additional pieces of evidence: a hole drilled in 2022 in the same area, which returned 54.82 grams per tonne silver and 0.30 grams per tonne gold over 13.50 meters, and a group of 7 rock samples collected from the surface above, which graded between 30.09 and 61.8 grams per tonne silver. Together, these clues suggest a silver rich system that runs from the surface down to 298.15 meters deep, and it has not yet been fully traced to its edges.

Why a Second System Would Be a Big Deal

Many investors have viewed Treaty Creek primarily as a large gold deposit. If this silver rich zone turns out to be a genuinely separate system, rather than just a deeper part of the same gold system, the property would have more than 1 source of potential value, since a single deposit can only be expanded so far, while multiple separate systems could each be explored and developed on their own timeline. It is important to note that Tudor Gold has not confirmed this, and the company states the zone remains open, meaning its full extent has not yet been determined.

The Gold Story Also Grew

Separately from the silver discovery, the same round of drilling confirmed that the gold rich rock already known at CBS stretches 40 meters further to the northeast and 60 meters further up towards the surface than previously mapped. This does not represent a brand new discovery in the same way the silver does, but it is a useful confirmation that the known gold system is bigger than earlier drilling had shown.

What Happens Next

Tudor Gold has 2 drill rigs currently working at a different part of the property, called the Perfectstorm Zone, through the summer. In September, those rigs are scheduled to return to the CBS Zone specifically to drill more holes around this new silver discovery and the expanded gold zone. That follow up drilling is the next event investors can watch for.

What This Means for the Bigger Picture

The company has not yet figured out the actual size or full boundaries of this silver rich zone, since the mineralized body remains open in all directions and further drilling is required to determine its orientation and true size. It is still early stage exploration. What it does show is that Treaty Creek continues to turn up new areas of value beyond the Goldstorm deposit that anchors the project, which is generally a positive sign for a company trying to grow the overall size and variety of its property. The most useful thing for a new investor to track from here is what the September drilling finds at CBS.

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