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Key Objectives of the Strategic Plan
Over the next 12 months, Tudor Gold expects to complete the following objectives:
Continue the ongoing exploration and definition drilling program in Q3 2024 and report on results;
Advance the metallurgical program and provide the results of this test work in 2024;
Proceed with preliminary permitting and environmental requirements; and,
Complete a Preliminary Economic Assessment by Q2 2025.
Drilling Update
On
The current drilling program is concentrated on step-out and in-fill drilling within the high-grade SC-1 system, a gold-dominant, quartz-sulfide, breccia-hosted structural corridor. This system remains open to the northwest, north, and east. Tudor Gold plans to further explore this higher-grade zone with continued drilling. Results from the recently completed drill holes will be shared as soon as assay data is received.
Previous drilling results from SC-1 in 2022 and 2023 include the following high-grade gold intercepts:
Hole GS-23-176-W1:15.00 m @ 15.64 grams/tonne (g/t) gold equivalent (AuEQ)(14.89 g/t gold (Au), 4.72 g/t silver (Ag), 0.60% copper (Cu))
Hole GS-22-134:25.50 m @ 9.96 g/t AuEQ(9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu)
Including4.50 m @ 20.86 g/t AuEQ(20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu)
Hole GS-23-179:12.00 m @ 10.07 g/t AuEQ(9.78 g/t Au, 1.35 g/t Ag, 0.23% Cu)
Click the following links to view the corresponding SC-1plan view mapanddrill sections.
Metallurgical Studies on the Goldstorm Deposit
The Company is confident that further metallurgical testing will continue to improve on the Goldstorm Deposit. Previously, flotation testing demonstrated that the CS-600 domain can produce a quality copper concentrate with significant quantities of gold.
The ongoing phase of metallurgical test work on the Goldstorm Deposit is progressing well and is focused on improving the outcomes achieved in the previously reported program conducted by
Preliminary Economic Assessment and Environmental Studies
The initiation of a Preliminary Economic Assessment (PEA) for Treaty Creek’s Goldstorm Deposit is expected to begin in the next quarter, with Tudor Gold aiming to complete this study by Q2 2025. The PEA is anticipated to detail a phased production strategy focusing on exploiting high-grade areas or supercells of the Goldstorm Deposit to maximize the internal rate of return (IRR). To ensure accuracy of the PEA, Tudor Gold will continue to optimize the project and develop a comprehensive strategy to facilitate the permitting process for implementing the best mining methods and phased production strategy. Efforts will also be made to define precise cost estimates to ensure that projected capital expenditures align with prefeasibility study standards, strengthening the project's economic viability and credibility. Additionally, the PEA is expected to establish work programs to guide Tudor Gold towards subsequent stages, including a detailed prefeasibility study to be completed in the future.
Continued environmental studies are being conducted to assist in the economic evaluation and permitting process for the
Quality Assurance and Control
About Treaty Creek
Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit, assembling the core land position in 1985. It presently holds a 20% carried interest in the
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest
On Behalf of the Board of Directors of
"
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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