Tudor Gold Corp. Commences 1,000 m. Drill Program on Electrum Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 22, 2016) - Tudor Gold Corp. (the "Company" or "Tudor Gold") (TSX VENTURE:TUD) is pleased to announce that field crews have commenced drilling on a 1,000 m. diamond drill program at the Electrum property, which is situated in the Golden Triangle area, Skeena Mining Division of British Columbia. Tudor Gold has a 60% joint venture interest in the Electrum property and its partner American Creek Resources Ltd. has a 40% interest. Tudor Gold is the operator for the project.
Orion Property Acquisition - Approval to Issue 250,000 Shares Received
Tudor Gold also announces that it has received regulatory approval to complete an option agreement to acquire the 3,154 hectare Orion property, also located in the Golden Triangle area (see Tudor Gold news release dated June 2, 2016. The Company is issuing 250,000 shares in connection with the transaction, which will have a hold period expiring on October 23, 2016.
About the Company
Tudor Gold is focused on being a significant explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, as well as a 100% interest in the Mackie and the Eskay North properties, all of which are located in the Golden Triangle area. The Company also has recently announced agreements to acquire three other properties in the region (Fairweather, High North and Delta properties), which are still pending regulatory approval and closing of the transactions. There are no known resources or reserves on any of the Company's mineral properties, and the presence of mineral deposits on properties adjacent to or in close proximity to the Company's mineral properties is not necessarily indicative of mineralization on the Company's properties.
Walter Storm, President and Chief Executive Officer
Cautionary statements
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 Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact
Aris Morfopoulos
Chief Financial Officer and Corporate Secretary
604-721-2650
604-608-3878
