Goldstorm Deposit MRE Shows Increase In Volume And Grade

VANCOUVER – Tudor Gold Corp. reported on the updated Mineral Resource Estimate (MRE)for the Treaty Creek project – Goldstorm Deposit, located in the Golden Triangle Region of British Columbia. Increase in the Indicated Mineral Resource by 19% in gold equivalent ounces (AuEQ), consisting of a 16% increase in gold (Au), 14% increase in silver (Ag) and 32% increase in copper (Cu). Indicated Mineral Resource of 27.87 million ounces (Moz) of AuEQ within 730.20 million tonnes (Mt) at a grade of 1.19 g/t AuEQ; comprised of: 21.66 Moz of Au at 0.92 g/t, 128.73 Moz of Ag at 5.48 g/t, and 2.87 billion pounds (Blbs) of Cu at 0.18%.

Inferred Mineral Resource of 6.03 Moz of AuEQ within 149.61 Mt at a grade of 1.25 g/t AuEQ; comprised of: 4.88 Moz of Au at 1.01 g/t, 28.97 Moz of Ag at 6.02 g/t, and 503.23 million pounds (Mlbs) of Cu at 0.15%. The CS-600 domain, comprised of a monzodiorite intrusive stock and associated gold-copper porphyry system, constitutes a large part of the deposit with an Indicated Mineral Resource of 15.65 Moz of AuEQ within 400.29 Mt at a grade of 1.22 g/t AuEQ; consisting of: 9.99 Moz of Au at 0.78 g/t; and 2.73 Blbs of Cu at 0.31%; and an 58% increase in the AuEQ ounces within the CS-600 domain.

The 2023 drilling improved our geologic understanding of the mineralization in the northern portion of the deposit. The NS-STK Domain was reinterpreted to be a NE-SW trending stockwork and is associated with the 300H Domain mineralization. This system has now been separated into its own mineral domain, named 300-N. Advanced metallurgical studies and refined the pit constrained and underground cutoff grades, increasing the pit constrained cutoff from 0.5 to 0.7 g/t AuEQ and the underground cutoff from 0.7 to 0.75 g/t AuEQ.

Substantially reduced the pit size which eliminated the necessity to remove the glacier and reduced the strip ratio. The Goldstorm Deposit remains open to the south, north, northeast and at depth.

Ken Konkin, President & CEO, said, “Our technical team has done an outstanding job, increasing the volume, the grade, and the geological understanding of our massive Goldstorm Deposit. The 2023 drill hole program was designed to expand the mineralized domains to their northern, northeastern and eastern extents. We not only pushed out the edges of the Deposit, but we also successfully increased the grade of the Inferred Mineral Resource. The 2023 Inferred Mineral Resource was 7.35 million ounces of AuEQ at 0.98 g/t AuEQ but we were able to convert some of those ounces to the Indicated category and increase the grade of the current Inferred Mineral Resource of 6.03 million ounces of AuEQ to 1.25 g/t AuEQ. This was a result of drilling higher grades in our step-out holes, as well as converting several of the 2023 Inferred Mineral Resources to the Indicated Mineral Resource category through closer-spaced fill-in drilling. Furthermore, the copper content of the CS-600 domain in the Indicated category has also increased by 37%, now containing 2.73 billion lbs of copper at 0.31% with an additional Inferred Mineral Resource of 476 million lbs of 0.29% copper. The higher gold-equivalent grades in the Inferred category strongly suggests that we have not yet passed through the strongest portion of the Goldstorm mineralized system. We hope that the 2024 drill program can give us clear information about the configuration and boundaries of the Deposit, as it remains open in all directions and at depth. Our Goldstorm system has continued to expand, as has our understanding of the minable potential, as we continue to advance the project towards a PEA.

Tudor Gold is also pleased to announce the signing of a Memorandum of Understanding with the Tsetsaut Skii km Lax Ha Nation, on whose territory the project area is located. Tudor Gold understands and acknowledges that the Nisga’a and Tahltan also assert interests in the Treaty Creek area. In accordance with the Ministry of Mines, we seek consultation with all First Nation groups as part of our compliance and permitting requirements. We are committed to working with all First Nations groups who may be impacted by our project as part of our Truth and Reconciliation policies. We welcome the opportunity of working together to build a strong and robust project that is beneficial to all who live in the Northern communities.”