Tudor Gold Expands Treaty Creek's Perfectstorm Zone Copper-Gold Porphyry System, Further Defines Higher-Grade Epithermal Overprint and Updates Status of PEA

Tudor Gold expands Treaty Creek mineralization with strong new drill results and a pending PEA.

What the company is saying

Tudor Gold Corp. (TSXV:TUD, FSE:H56) is highlighting the expansion of its copper-gold-silver-molybdenum porphyry system at the Treaty Creek Project in British Columbia, Canada, through four new drill holes at the Perfectstorm Zone. The company emphasizes higher-grade gold intercepts, continuity with the Goldstorm Deposit, and the extension of near-surface mineralization in the PSE Zone. The narrative is framed around the scale and potential of the system, referencing a recently completed 2026 Mineral Resource Estimate for the Goldstorm Deposit and a pending Preliminary Economic Assessment (PEA) by Fuse Advisors Inc., with results expected in the coming weeks. The company stresses its 80% ownership of the 17,913-hectare Treaty Creek Project, its proximity to major deposits, and the open-ended nature of the mineralized zones. The tone is confident, with technical detail provided to support claims of progress and growth potential. Senior Vice President of Exploration Ken Konkin, P. Geo., is named as the Qualified Person, lending technical credibility to the release.

What the data suggests

The release provides detailed assay results from four holes: PS-26-29 intersected 1.16 g/t gold and 13.92 g/t silver over 25.50 meters, including 4.38 g/t gold and 81.97 g/t silver over 3.00 meters; PS-26-30 returned 0.85 g/t gold and 2.94 g/t silver over 96.30 meters, with higher-grade intervals of 2.02 g/t gold and 3.46 g/t silver over 5.30 meters, and 1.92 g/t gold and 4.24 g/t silver over 6.70 meters. PS-26-31 delivered 1.16 g/t gold, 2.08 g/t silver, 0.21% copper, and 116.91 ppm molybdenum over 11.00 meters, plus 0.22 g/t gold, 1.42 g/t silver, 0.19% copper, and 25.10 ppm molybdenum over 59.50 meters, with a higher-grade interval of 0.44 g/t gold, 2.53 g/t silver, 0.36% copper, and 25.62 ppm molybdenum over 18.00 meters. PS-26-32 intersected 3.43 g/t gold and 7.99 g/t silver over 2.65 meters, 0.98 g/t gold and 3.29 g/t silver over 31.80 meters (including 3.98 g/t gold and 14.72 g/t silver over 4.20 meters), and 15.05 g/t gold and 5.33 g/t silver over 1.50 meters. The PSP Zone now extends approximately 850 by 750 meters and remains open, while the PSE Zone mineralization covers 600 by 300 meters with thicknesses from 25 to over 100 meters. The Goldstorm Deposit hosts Indicated resources of 24.9 million ounces gold, 148.7 million ounces silver, and 3.048 billion pounds copper (912.3 million tonnes grading 0.85 g/t gold, 5.07 g/t silver, 0.15% copper) and Inferred resources of 2.6 million ounces gold, 7.2 million ounces silver, and 67.9 million pounds copper (21.8 million tonnes grading 3.64 g/t gold, 10.22 g/t silver, 0.14% copper). Over 20,000 meters of drilling is planned for the remainder of the program. The company has filed a permit application for underground ramp access to the high-grade SC-1 Zone. All assays are reported as core lengths, not true widths, and the mineralized bodies remain open in all directions. The technical disclosure is comprehensive for an exploration-stage update, but economic data and funding details are not included.

Analysis

The announcement is generally positive in tone and provides detailed technical results from four drill holes, including specific assay data and updated resource estimates. These realised facts support the claim of ongoing exploration progress. However, several key claims—such as the expansion of mineralization zones, the continuity with the Goldstorm Deposit, and the extension of near-surface mineralization—are not fully substantiated with comparative or mapped data. The release also emphasizes forward-looking activities: a large-scale drilling program, a pending Preliminary Economic Assessment (PEA), and a permit application for underground access, all of which are capital-intensive and whose benefits are long-term and uncertain. While the technical disclosure is strong for an exploration-stage company, the narrative inflates the immediate significance of the results by drawing parallels to the Goldstorm Deposit and highlighting potential future development without economic or funding details. The gap between narrative and evidence is moderate, as the realised progress is meaningful but the path to value creation remains long and capital-intensive.

Risk flags

• ●The project remains at an early exploration and technical study stage, with no completed economic assessment or mine plan disclosed. This means the path to production and cash flow is still long and uncertain, and future studies may not confirm economic viability.
• ●The mineralized zones are open in all directions and true widths have not been determined, introducing geological uncertainty about the size, shape, and continuity of the resource. Further drilling is required to define the system and support resource conversion.
• ●Permitting risk is present, as the company has only filed an application for underground ramp access and has not yet received approval. Regulatory delays or rejections could impact timelines and project advancement.
• ●Capital intensity is high, with over 20,000 meters of drilling planned and a focus on underground development. The absence of disclosed funding or cost estimates increases uncertainty about the company's ability to finance ongoing and future work.
• ●The announcement does not provide economic metrics or funding details, so investors cannot assess project economics, capital needs, or dilution risk at this stage.

Bottom line

Tudor Gold's update demonstrates meaningful progress at Treaty Creek, with strong drill results expanding both the scale and grade of mineralization in the Perfectstorm and PSE Zones. The technical data is robust, with multiple intercepts above 1 g/t gold and significant widths, supporting the project's potential. The pending Preliminary Economic Assessment, due in the coming weeks, is the next key milestone and could clarify economic viability and development options. However, the project is still in a high-risk, capital-intensive phase, with permitting, resource definition, and funding hurdles ahead. Investors should focus on the upcoming PEA results and any updates on permitting or financing. The most important takeaway is that while the geological case is strengthening, the timeline to value realization remains long and dependent on successful technical, regulatory, and financial execution.

Announcement summary

(TSXV:TUD) (FSE:H56) Tudor Gold Corp. reported results from four holes drilled at the Perfectstorm Zone as part of the 2026 Treaty Creek Project Exploration Program in British Columbia, Canada. Drilling expanded the copper-gold-silver-molybdenum porphyry system (PSP Zone) by cutting gold-dominant mineralization over 480 meters down-dip of previous drilling. Several higher-grade intercepts were encountered, providing continuity between a high-grade gold-dominant overprint and the porphyry system, similar to the Goldstorm Deposit located approximately one kilometer to the northeast. Near-surface gold-dominant mineralization in the low to intermediate sulfidation system (PSE Zone) was extended along strike. Tudor expects to complete over 20,000 meters of drilling with three drill rigs for the remainder of the program. Fuse Advisors Inc. has been retained to prepare a Preliminary Economic Assessment focused on the higher-grading gold mineralization at the Goldstorm Deposit, with results expected in the coming weeks. The Treaty Creek Project is 80% owned by Tudor Gold and is located in the Golden Triangle of Northwestern British Columbia. Hole PS-26-30 intersected 0.85 g/t gold and 2.94 g/t silver over 96.30 meters starting at 264.30 meters downhole, including 2.02 g/t gold and 3.46 g/t silver over 5.30 meters, and 1.92 g/t gold and 4.24 g/t silver over 6.70 meters. Hole PS-26-31 intersected 1.16 g/t gold, 2.08 g/t silver, 0.21% copper, and 116.91 ppm molybdenum over 11.00 meters, and 0.22 g/t gold, 1.42 g/t silver, 0.19% copper, and 25.10 ppm molybdenum over 59.50 meters, including 0.44 g/t gold, 2.53 g/t silver, 0.36% copper, and 25.62 ppm molybdenum over 18.00 meters, and 0.67 g/t gold and 3.72 g/t silver over 37.50 meters, including 1.20 g/t gold and 13.41 g/t silver over 7.50 meters. Hole PS-26-32 intersected 3.43 g/t gold and 7.99 g/t silver over 2.65 meters, 0.98 g/t gold and 3.29 g/t silver over 31.80 meters, including 3.98 g/t gold and 14.72 g/t silver over 4.20 meters, and 15.05 g/t gold and 5.33 g/t silver over 1.50 meters. Hole PS-26-29 in the PSE Zone intersected 1.16 g/t gold and 13.92 g/t silver over 25.50 meters, including 4.38 g/t gold and 81.97 g/t silver over 3.00 meters. The mineralized system in the PSE Zone now occurs over an area of approximately 600 meters by 300 meters with a thickness varying between 25 meters up to over 100 meters. The PSP Zone system now extends approximately 850 by 750 meters and remains open in all directions. The Treaty Creek Goldstorm Deposit hosts Indicated Mineral Resources of 24.9 million ounces of gold, 148.7 million ounces of silver, and 3.048 billion pounds of copper (912.3 million tonnes grading 0.85 g/t gold, 5.07 g/t silver, and 0.15% copper) and Inferred Mineral Resources of 2.6 million ounces of gold, 7.2 million ounces of silver, and 67.9 million pounds of copper (21.8 million tonnes grading 3.64 g/t gold, 10.22 g/t silver, and 0.14% copper). A permit application has been filed for approval to construct an underground ramp for access to drill the high-grade gold SC-1 Zone. The 17,913 hectare Treaty Creek Project is 80% owned by Tudor Gold. The project borders Seabridge Gold Inc.'s KSM property to the southwest and Newmont Corporation's Brucejack Mine property to the southeast. Ken Konkin, P. Geo., Senior Vice President of Exploration, is the Qualified Person for this news release.

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