Business
Tudor Gold Files for Underground Exploration Permit at Treaty Creek and Provides Update on the American Creek Acquisition
Vancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - Tudor Gold Corp. (TSXV: TUD) (...
About this update from Tudor Gold Corp.
[{"type":"text","content":"Tudor Gold Files for Underground Exploration Permit at Treaty Creek and Provides Update on the American Creek AcquisitionVancouver, British Columbia--(Newsfile Corp. - August 14, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the \"Company\" or \"Tudor\") reports that it has filed a Notice of Work permit application with the BC Ministry of Energy, Mines and Low Carbon Innovation (EMLI) for the underground exploration of the Treaty Creek Project located in northwest British Columbia. The permit application provides for the development of an underground ramp to access the high-grade gold SC-1 Zone and to also access the other zones. Once the ramp is completed, underground drill stations will be excavated to support definition drilling for mine-planning purposes and provide for more efficient expansion drilling. Underground drilling is expected to reduce the time and cost of delineating the high-grade gold SC-1 Zone and allow for year-round drilling by Tudor. The high-grade gold SC-1 Zone was first identified by Tudor in early 2024 based on 2022 and 2023 drilling with the discovery hole (GS-22-134) intersecting 25.5 meters grading 9.66 g/t gold, 1.23 g/t silver and 0.24% copper (see news release dated February 1, 2024). See Figure 1 below for a plan and section view of the proposed underground development and initial drilling of the SC-1 Zone at Treaty Creek.Figure 1: Treaty Creek Project proposed underground development and SC-1 Zone drillingTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4494/262604_5ff9196b942a4b49_002full.jpgAmerican Creek AcquisitionAmerican Creek Resources Ltd. (\"American Creek\") has set August 28, 2025 as the date for its annual general and special meeting of shareholders to, among other things, approve a statutory plan of arrangement under which the Company will acquire all of the issue and outstanding shares of American Creek (the \"Transaction\"). (See the Company's news releases of June 9, 2025 and June 26, 2025.) In addition to American Creek shareholder approval and court approval, the Transaction is subject to applicable regulatory approvals including, but not limited to, TSX Venture Exchange (the \"Exchange\") approval and the satisfaction of certain other closing conditions customary in a transaction of this nature. The Transaction is anticipated t...