Latest news with #TudorGold
Globe and Mail
26-06-2025
- Business
- Globe and Mail
Eric Sprott Announces Voting Support Agreement for Tudor Gold Corp.'s Proposed Acquisition of American Creek Resources Ltd.
Toronto, Ontario--(Newsfile Corp. - June 26, 2025) - Further to the press release of American Creek Resources Ltd. dated today, Eric Sprott announces that 2176423 Ontario Ltd., a company which he beneficially owns, has entered into a voting support agreement with Tudor Gold Corp. in connection with Tudor Gold's agreement to acquire (Transaction) of all of the issued and outstanding common shares of American Creek (Shares). Under the terms of the arrangement agreement dated June 25, 2025, between American Creek and Tudor Gold, holders of Shares will be entitled to receive 0.238 common shares of Tudor Gold per Share. Mr. Sprott, through 2176423 Ontario, holds 65,000,000 Shares representing approximately 13.7% of the outstanding Shares. Mr. Sprott holds the Shares for investment purposes and to support the Transaction and, depending on market or other conditions, may acquire additional securities of American Creek. If the Transaction does not proceed and/or the voting support agreement is terminated, Mr. Sprott may acquire additional securities of American Creek including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. American Creek is located at 92 - 2nd Ave. West, Cardston, Alberta T0K 0K0. A copy of 2176423 Ontario's early warning report will appear on American Creek's profile on SEDAR+ at and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (2176423 Ontario Ltd., 1106 - 7 King Street East, Toronto, Ontario M5C 3C5).
Associated Press
26-06-2025
- Business
- Associated Press
Tudor Gold to Acquire American Creek Resources Ltd.
Cardston, Alberta--(Newsfile Corp. - June 26, 2025) - American Creek Resources Ltd. (TSXV: AMK) (OTCQB: ACKRF) (the 'Company' or 'American Creek') is pleased to announce that it has entered into a definitive arrangement agreement dated June 25, 2025 (the 'Arrangement Agreement') with Tudor Gold Corp. ('Tudor') pursuant to which Tudor has agreed to acquire all of the issued and outstanding securities of American Creek with the result that the current securityholders of American Creek will become securityholders of Tudor (the 'Transaction'). Each American Creek shareholder will be entitled to receive 0.238 of a common share of Tudor ('Tudor Shares') for each American Creek common share held (the 'Exchange Ratio'). Following completion of the transaction, existing American Creek shareholders will own approximately 30% of the total issued and outstanding share capital of Tudor on a non-diluted basis, and approximately 33% on a fully diluted in-the-money basis. Currently, American Creek holds a 20% carried interest, and Tudor a 60% interest, in the Treaty Creek Project located in northwest British Columbia. On completion of the Transaction, Tudor will hold an 80% interest in the Treaty Creek Project. The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry system, as well as several other mineralized zones. Darren Blaney, President and CEO of American Creek, commented: 'We are very pleased to enter into this agreement with Tudor. We believe that this transaction that combines the two companies unlocks significant advantages for our shareholders that have supported us and been part of the Treaty Creek project for many years. In addition to the obvious benefit of the 40% premium offered by Tudor, our joining with Tudor provides our present shareholders with 80% exposure to the full potential of future additional discovery and development as the Treaty Creek asset, and the very large gold resource found within, advances toward production. We believe that through the consolidation of our two companies, that Tudor will be much better positioned to secure future exploration and development capital and will also be much more likely to attract a potential strategic partner to assist in accelerating project development towards production. Further, this transaction will potentially also significantly increase Tudor's attractiveness with respect to becoming a potential takeover target by a larger developer. This is the most logical next step in ensuring that the Treaty Creek project moves forward, while providing additional value to our loyal shareholders. The Treaty Creek project is a world class gold-copper project and we look forward to joining with and supporting Tudor management as they focus on moving this project to the next level.' Transaction Structure Pursuant to the terms of the Arrangement Agreement, each American Creek shareholder will receive 0.238 of a Tudor Share for each American Creek common share held. Outstanding options to purchase American Creek Shares will become exchangeable for new Tudor options that will be exercisable to acquire Tudor Shares on the same terms and conditions of the American Creek options, on the basis of the Exchange Ratio. Outstanding warrants to purchase American Creek Shares will become exercisable to acquire Tudor Shares on the same terms and conditions, on the basis of the Exchange Ratio. The Transaction is expected to be completed by way of a court approved Plan of Arrangement under the Business Corporations Act (British Columbia) and will require the approval of (i) at least 66⅔% of the votes cast by American Creek shareholders; and (ii) if applicable, a majority of the votes cast by American Creek shareholders present in person or represented by proxy at the American Creek annual general and special meeting (the 'AMK Meeting') to be called to approve, amongst other matters, the Transaction, excluding, for this purpose, votes attached to American Creek shares held by persons described in items (a) through (d) of Section 8.1(2) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The AMK Meeting is expected to be scheduled to take place in late August, 2025. The shareholders of Tudor are not required to vote on the Transaction. The Transaction is an arm's length transaction in accordance with the policies of the TSXV. 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 ('TSXV') approval and the satisfaction of certain other closing conditions customary in transaction of this nature. The Arrangement Agreement contains customary provisions including non-solicitation, 'fiduciary out' and 'right to match' provisions. The Transaction is anticipated to be completed on or about August 31, 2025. Upon closing of the Transaction, it is expected that the American Creek common shares will be delisted from the TSXV and that American Creek will cease to be a reporting issuer under applicable Canadian securities laws. Further information regarding the Transaction will be contained in a management information circular (the 'AMK Information Circular') that American Creek will prepare, file and mail to the American Creek shareholders in connection with the AMK Meeting to be held to consider the Transaction, amongst other matters. A copy of the Arrangement Agreement will be filed on each of Tudor's and American Creek's SEDAR+ profiles at and a copy of the AMK Information Circular will be filed on American Creek's SEDAR+ profile at This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The Tudor securities to be issued under the Transaction have not been and will not be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), or any state securities laws and may not be offered or sold within the 'United States' (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available. It is anticipated that any securities to be issued under the Transaction will be offered and issued in reliance upon the exemption from the registration requirements of the 1933 Act provided by Section 3(a)(10) thereof. Tudor has agreed with certain insiders of American Creek to settle up to $1,000,000 in severance payments in cash and up to $1,220,000 in severance payments in Tudor Shares at a per share price of $0.537 (the 'Settlement Shares'). This settlement remains subject to approval of the TSXV. The Settlement Shares will be subject to a statutory four-month hold period. Board Approvals and Voting Support The board of directors of American Creek (the 'Board'), having received a unanimous recommendation from a special committee comprised of independent directors of American Creek (the 'Special Committee'), and after receiving outside legal and financial advice, has unanimously approved the Transaction and determined that the Transaction is in the best interests of American Creek and is fair to the shareholders of American Creek (the 'Shareholders') and other securityholders (warrantholders and optionholders) (the 'Other Securityholders'). In making their respective determinations, the Special Committee and the Board considered, among other factors, the fairness opinion of INFOR Financial Inc. that concluded that, subject to the assumptions, limitations and qualifications contained therein, the consideration to be received by the Shareholders and the Other Securityholders pursuant to the Transaction is fair, from a financial point of view, to such Shareholders and Other Securityholders, respectively. A copy of the fairness opinion will be included in the AMK Information Circular to be mailed to the Shareholders in connection with the AMK Meeting. Directors and officers of American Creek, American Creek's largest shareholder (being a company controlled by Eric Sprott) and other securityholders, holding in the aggregate approximately 16.5% of the outstanding American Creek shares, have each entered into customary voting and support agreements to, amongst other things, vote in favour of the Transaction at the Meeting. About Tudor Tudor Gold Corp. is a precious and base metals exploration and development company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which Tudor Gold has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newmont Corporation's Brucejack property to the southeast. About American Creek American Creek is a proud partner in the Treaty Creek Project, a joint venture with Tudor Gold Corp. located in BC's prolific 'Golden Triangle'. American Creek holds a fully carried 20% interest in the Treaty Creek Project until a production notice is given, meaning that no exploration or development costs are incurred by American Creek until such time as a production notice has been issued. The Company also holds the Austruck-Bonanza gold property located near Kamloops, BC. ON BEHALF OF AMERICAN CREEK RESOURCES LTD. ' Darren Blaney " Darren Blaney, President & CEO For further information please contact Kelvin Burton at: Phone: (403)752-4040 or Email: [email protected]. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Statements This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, statements regarding: the Transaction; the receipt of necessary shareholder, court and regulatory approvals for the Transaction; the anticipated timeline for holding the AMK Meeting and completing the Transaction; the terms and conditions pursuant to which the Transaction will be completed, if at all; the anticipated benefits of the Transaction including, but not limited to Tudor having an 80% interest in the Treaty Creek Project and American Creek shareholders owning approximately 30% of the total issued and outstanding share capital of Tudor; and potential future revenue and cost synergies resulting from the Transaction. These forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. In respect of the forward-looking statements concerning the Transaction, American Creek has relied on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court, shareholder, stock exchange and other third party approvals and the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Transaction. This timeline may change for a number of reasons, including unforeseen delays in preparing AMK Meeting materials; inability to secure necessary regulatory, court, shareholder, stock exchange or other third-party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Transaction. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Risks and uncertainties that may cause such differences include but are not limited to: the risk that the Transaction may not be completed on a timely basis, if at all; the conditions to the consummation of the Transaction may not be satisfied; the risk that the Transaction may involve unexpected costs, liabilities or delays; the possibility that legal proceedings may be instituted against American Creek, Tudor and/or others relating to the Transaction and the outcome of such proceedings; the possible occurrence of an event, change or other circumstance that could result in termination of the Transaction; risks relating to the failure to obtain necessary shareholder and court approval; other risk factors as detailed from time to time and additional risks identified in American Creek's and Tudor's filings with Canadian securities regulators on SEDAR+ in Canada (available at ). Failure to obtain the requisite approvals, or the failure of the parties to otherwise satisfy the conditions to or complete the Transaction, may result in the Transaction not being completed on the proposed terms, or at all. In addition, if the Transaction is not completed, the announcement of the Transaction and the dedication of substantial resources of American Creek to the completion of the Transaction could have a material adverse impact on each of American Creek's share price, its current business relationships and on the current and future operations, financial condition, and prospects of American view the source version of this press release, please visit
Yahoo
20-06-2025
- Business
- Yahoo
American Creek's JV Partner Tudor Gold Commences 2025 Exploration Drill Program at Treaty Creek
Cardston, Alberta--(Newsfile Corp. - June 20, 2025) - American Creek Resources Ltd. (TSXV: AMK) ("the Corporation" or "American Creek") is pleased to announce that project operator and JV partner Tudor Gold ("Tudor") is reporting on the 2025 exploration drill program at the flagship Treaty Creek Project, located in the Golden Triangle of Northwest British Columbia. 2025 Exploration Program Phase 1 drilling of the 2025 exploration program has commenced and is expected to consist of seven holes totaling approximately 6,000 meters (m) of diamond drilling at the Goldstorm Deposit. The primary objective of the Phase 1 drill program is to expand the recently discovered high-grade gold Supercell-One system (SC-1), which was delineated over an 800 m by 400 m area during 2024. SC-1 is a gold-dominant, quartz-sulphide, breccia-hosted structural corridor open to the northwest, north and east. There is excellent potential to discover further high-grade SC-1 style gold-bearing structures proximal to the Goldstorm Deposit within a 600 m by 400 m area extending from SC-1 to previously identified high-grade intercepts within the 300H and 300N Domains of the Goldstorm Deposit. Drill results from SC-1 in 2022 to 2024 include the following high-grade gold intercepts: GS-23-176-W1: 15.00 m @ 15.64 grams/tonne (g/t) AuEQ (14.89 g/t Au, 4.72 g/t Ag, 0.60% Cu) GS-22-134: 25.50 m @ 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu) including 4.50 m @ 20.86 g/t AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu) GS-23-179: 12.00 m @ 10.07 g/t AuEQ (9.78 g/t Au, 1.35 g/t Ag, 0.23% Cu) GS-24-185: 13.50 m @ 9.60 g/t AuEQ (9.58 g/t Au, 0.44 g/t Ag, 0.01% Cu) Drill results from 300H and 300N Domains in 2021 and 2023 include the following high-grade gold intercepts: GS-21-113-W1: 13.50 m @ 8.96 g/t AuEQ (8.77 g/t Au, 15.10 g/t Ag, 0.01% Cu) GS-21-113: 24.00 m @ 6.06 g/t AuEQ (5.81 g/t Au, 20.30 g/t Ag, 0.01% Cu) GS-23-178-W1: 12.00 m @ 6.03 g/t AuEQ (5.90 g/t Au, 12.31 g/t Ag, 0.01% Cu) Click the following links to view the corresponding plan view and oblique view. Plan Map To view an enhanced version of this graphic, please visit: Oblique Map To view an enhanced version of this graphic, please visit: Phase 2 of the 2025 exploration program will consist of 1,600 m of additional exploration drilling contingent on the success of Phase 1 drilling. Underground Permitting The application to permit an underground exploration drill program focused on the high-grade SC-1 is expected to be finalized in the coming weeks. Phase 3 of the 2025 exploration program will consist of two orientated-core geotechnical diamond drill holes, totaling approximately 500 m, targeting the portal and ramp entrance area for the underground development. These holes are planned to be drilled at the end of the 2025 exploration program. Ken Konkin, Senior Vice-President of Exploration for Tudor Gold, comments: "We are focused on increasing the high-grade gold potential of SC-1 with this year's drill program. The planned holes are designed to expand upon the successful intercepts from our recent drill campaigns. The targets are structurally controlled, late-stage, gold-rich breccia systems that complement the four known SC-1 structures: SC-1 A, B, C and D. We look forward to a successful 2025 exploration program in the following months as we begin our quest to develop a multi-million-ounce high-grade gold system peripheral to the gold-copper Goldstorm Deposit." Quality Assurance and Control Ken Konkin, Senior Vice-President of Exploration for Tudor Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Project. Mr. Konkin has reviewed, verified, and approved the scientific and technical information in this news release. About Treaty Creek The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry system, as well as several other mineralized zones. As disclosed in the "NI-43-101 Technical Report for the Treaty Creek Project", dated April 5, 2024 prepared by Garth Kirkham Geosystems and JDS Energy & Mining Inc., the Goldstorm Deposit has an Indicated Mineral Resource of 27.87 million ounces (Moz) of AuEQ grading 1.19 g/t AuEQ (21.66 Moz gold grading 0.92 g/t, 2.87 billion pounds (Blbs) copper grading 0.18%, 128.73 Moz silver grading 5.48 g/t) and an Inferred Mineral Resource of 6.03 Moz of AuEQ grading 1.25 g/t AuEQ (4.88 Moz gold grading 1.01 g/t, 503.2 Mlb copper grading 0.15%, 28.97 Moz silver grading 6.02 g/t), with a pit constrained cut-off of 0.7 g/t AuEQ and an underground cut-off of 0.75 g/t AuEQ. The Goldstorm Deposit has been categorized into three dominant mineral domains and several smaller mineral domains. The CS-600 domain largely consists of nested pulses of diorite intrusive stocks and hosts the majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated Mineral Resource of 15.65 Moz AuEQ grading 1.22 g/t AuEQ (9.99 Moz gold grading 0.78 g/t, 2.73 Blbs copper grading 0.31%, 73.47 Moz silver grading 5.71 g/t) and an Inferred Mineral Resource of 2.86 Moz AuEQ grading 1.20 g/t AuEQ (1.87 Moz gold grading 0.79 g/t, 475.6 Mlb copper grading 0.29%, 13.4 Moz silver grading 5.63 g/t). The Goldstorm Deposit remains open in all directions and requires further exploration drilling to determine the size and extent of the Deposit.1 AuEq = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185) Treaty Creek JV Partnership American Creek is a proud partner in the Treaty Creek Project. The project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. Tudor and American Creek entered into a Binding Letter of Intent on June 6, 2025, and announced on June 9, 2025, pursuant to which Tudor will acquire all of the issued and outstanding shares of American Creek by way of a Plan of Arrangement. Currently, American Creek holds a 20% carried interest, and Tudor a 60% interest, in the Treaty Creek Project located in northwest British Columbia. On completion of the proposed Transaction, Tudor will hold an 80% interest in the Treaty Creek Project. About American Creek American Creek is a Canadian junior mineral exploration company with gold and silver properties in British Columbia, Canada. The Corporation has an interest in the Treaty Creek property, a joint venture project with Tudor Gold located in BC's prolific "Golden Triangle". The Corporation also holds the Austruck-Bonanza gold property located near Kamloops. For further information, please contact Kelvin Burton at: Phone: 403 752-4040 or Email: info@ Information relating to the Corporation is available on its website at Neither the 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. Cautionary Statements regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Corporation expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof. Such forward-looking information and statements are based on numerous assumptions, including among others, that the Corporation's planned exploration activities will be completed in a timely manner. Although the assumptions made by the Corporation in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. 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 Corporation'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 Corporation with securities regulators. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
12-05-2025
- Business
- Globe and Mail
P2 Gold Announces Management, Metallurgical Testwork Updates
VANCOUVER, BC , /CNW/ - P2 Gold Inc. ("P2" or the "Company") (TSX-V:PGLD) (OTCQB:PGLDF) reports that its management team has been retained to augment the leadership at Tudor Gold Corp. ("Tudor Gold") and; ongoing metallurgical testwork from a sample collected and assayed from the Sullivan Zone at its wholly-owned, gold-copper Gabbs Project has demonstrated an increase in copper and gold recoveries. P2's senior management team has been retained by Tudor Gold in support of the advance their flagship gold-copper Treaty Creek Project located roughly 10 kilometers north of the Brucejack Mine in British Columbia's Golden Triangle. P2's wholly-owned Gabbs Project in Nevada will continue to be advanced as planned, with senior management and Board owning 23% of the Company's issued and outstanding shares. Members of P2's team were instrumental in the discovery, permitting, construction, and operation of the Brucejack Mine while at Pretium Resources Inc. and have the capacity and capability of driving the Treaty Creek Project and Gabbs Project forward concurrently. 2025 Metallurgical Testwork The Phase Three Metallurgical Program underway at Gabbs is focused on increasing copper, silver and gold recoveries of the oxide mineralization and providing a marketing sample of the copper-silver SART (sulphidization, acidification, recycling and thickening) concentrate. Results to date indicate far superior kinetics to prior test work, with recoveries for gold, silver and copper exceeding recoveries of prior test work at this stage of the program. The Phase Three Metallurgical Program is expected to be completed early in the third quarter of this year. The Company has retained Kappes, Cassiday & Associates ("KCA") in Reno, Nevada to carry out the Phase Three Metallurgical Program. As reported on April 3, 2025 , a 338-kilogram panel sample (the "Panel Sample"), measuring approximately 1 meter by 30 meters, was collected across the exposed oxide mineralization in a 10-meter-deep historic excavation at the Sullivan Zone at Gabbs. In addition, the remaining low, medium, and high-grade samples from drill core used in the previous metallurgical programs were composited into one sample (the "Composited Sample"). The Phase Three Metallurgical Program consists of leach testing approximately 150 kilograms of the Panel Sample in a 20-centimeter diameter column and approximately 20 kilograms of the Composited Sample in a 10-centimeter column. (See news release dated April 3, 2025 .) Preliminary Economic Assessment Economics at Spot Prices Using existing recoveries (78% for oxide gold mineralization and 54% for oxide copper mineralization) Gabbs has an internal rate of return of 54.9% and net present value at a 5% discount rate of over US$1.6 billion at May 9, 2025 spot metal prices of $3,335 gold, $32.67 silver and $4.30 copper. ( See the Company's preliminary economic assessment announced on May 22, 2024 and described in the Gabbs Technical Report dated May 17, 2024 available under the Company's profile on SEDAR+ at ) Qualified Person Ken McNaughton , Chief Exploration Officer, P2 Gold, is the Qualified Person, as defined by National Instrument 43-101, responsible for the Gabbs Project. Mr. McNaughton has reviewed, verified, and approved the scientific and technical information in this news release. About P2 Gold Inc. P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada. A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2-year mine life. The Gabbs Project has excellent infrastructure with access via paved Hwy 361, and power and water on site. Additional metallurgical testing is underway, and a water permit is expected in the second quarter of this year. All zones on the property remain open and additional exploration targets, near surface and at depth, are drill ready. Neither the TSX Venture Exchange (the "Exchange") nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward Looking Information This press release contains "forward-looking information" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" includes statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information includes, without limitation, information with respect to the Company's expectations, strategies and plans for its Gabbs Project including the Company's planned expenditures and exploration activities. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made, including without limitation, the estimated internal rate of return and net present value at a 5% discount rate of the Gabbs Project, as well as the other assumptions disclosed in this news release. Furthermore, such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information, including without limitation, the estimates and assumptions contained in the Gabbs Technical Report dated May 17, 2024 , and risks associated with mineral exploration, including the risk that actual results and timing of exploration and development will be different from those expected by management. See "Risk Factors" in the Company's annual information form for the year ended December 31, 2024 , dated March 21, 2025 filed on SEDAR+ at for a discussion of these risks. The Company cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Company does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.
Yahoo
12-05-2025
- Business
- Yahoo
TUDOR GOLD Appoints Joe Ovsenek as President and CEO and Augments Its Executive Team
Vancouver, British Columbia--(Newsfile Corp. - May 12, 2025) - Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the "Company" or "Tudor") is pleased to announce that it has augmented its executive team with the appointment of Joe Ovsenek as President and Chief Executive Officer, Ken McNaughton as Vice President, Project Development and Michelle Romero as Vice President, External Affairs, effective immediately. Grant Bond will assume the role of Chief Financial Officer following the filing of the Company's 2024 audited financial statements. Ken Konkin will remain with the Company and resume his previous role as Senior Vice President of Exploration. Augmented Executive Team The new members of the Company's executive team have been responsible for building teams and leading the growth of public resource companies from discovery through permitting and construction to production. Notably, Joe Ovsenek led the executive team, including Ken Konkin, as they advanced the Brucejack Mine from discovery to commercial production in under eight years while at Pretium Resources. For more background on each of the individuals, we refer you to our web site, Ken Konkin, Senior Vice President of Exploration and Director, commented: "On behalf of the team, I am very pleased to welcome Joe Ovsenek as the new President and CEO of Tudor Gold. Joe is a proven mine builder who recently transitioned from our Advisory Board to the Board of Directors, and now into his new leadership role. I've had the privilege of working with Joe for many years at Silver Standard and Pretium Resources, and I'm confident that his leadership and broad experience across all facets of the mining industry will greatly benefit the Company in its next chapter. I look forward to rejoining the technical team where I believe I can best apply my specific skill set as a base and precious metals explorationist. This move will undoubtably strengthen our team as we continue to advance Treaty Creek toward becoming a multi-generational tier-1 mining asset that benefits our shareholders, local communities and the province of British Columbia." Joe Ovsenek, President, CEO, and Director of Tudor Gold, stated: "We are looking forward to adding our experience to complement the talented and experienced technical team, led by Ken Konkin, advancing the Goldstorm Deposit at Treaty Creek. Treaty Creek stands out as a cornerstone asset with several key strategic advantages—including excellent infrastructure access, a robust and expanding copper, gold, and silver resource base, and strong relationships with First Nations and local communities. These strengths, along with the high-grade potential of the new SC-1 discovery, uniquely position Treaty Creek for long-term success. We are eager to roll up our sleeves and get working on unlocking further value for shareholders and supporting the economic growth of the region." About Tudor Gold TUDOR GOLD CORP. is a precious and base metals exploration and development Company with claims in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913 hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Newmont Corporation's Brucejack property to the southeast. ON BEHALF OF THE BOARD OF DIRECTORS OF TUDOR GOLD CORP. " Joe Ovsenek" Joe Ovsenek President and Chief Executive Officer For further information, please visit the Company's website at or contact: Chris CurranVice President of Investor Relations and Corporate DevelopmentPhone: (604) 559 8092E-Mail: 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. Cautionary Statements regarding Forward-Looking Information This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-Looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities; the Company's intention to construct an exploration ramp to target the Supercell Cell One Zone for infill and expansion drilling at their flagship Treaty Creek Project; that this initiative will substantially reduce both the cost and time required to drill and define the Supercell One Zone from underground drilling stations compared to conventional surface drilling; that once completed the underground infrastructure will provide long-term benefits to the project; the underground development will be important in the selection of optimum material required for a 10,000-tonne test for a pilot process; that the advantages of driving an exploration development ramp are significant and will bring significant value to the Project; once the underground exploration drift is completed, year-round drilling program of approximately 25,000 meters will focus on the Supercell One Zone and peripheral areas; following ramp construction, Tudor Gold will accelerate its drilling program with the goal of fully unlocking this potential multimillion ounce high-grade gold system; that the Supercell One Zone is on its way to becoming a significant asset within the Goldstorm Deposit; that the exploration drill campaign planned for the Supercell One Zone and the remainder of the Goldstorm Deposit will further enhance this potential; that this initiative will assist in attracting a strategic partnership; and that the Company plans to further explore the Supercell-One system and review other gold-dominant sub-domains. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof. Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company's planned exploration activities will be completed in a timely manner. The Company's financial condition and development plans do not change as a result of unforeseen events, that future gold prices and the demand and market outlook for gold will remain stable or improve, that the exploration ramp will result in the benefits anticipated; that underground development is important in the selection of optimum material required for a pilot process; that the advantages of driving an exploration development ramp will prove to be significant and will bring significant value to the Project; assumptions regarding the Company's exploration plans; the viability of the Supercell One Zone and the impact of the exploration drill program on the same; and that the Company's initiatives will attract strategic partnership. Material assumptions relating to the indicated mineral resource and inferred mineral resource are contained in the Company's Technical Report filed on SEDAR+ at Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate. 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 the risk that the exploration ramp will not result in the benefits anticipated, increased competition, that management's expectations regarding the viability of the Supercell One Zone will prove to be inaccurate, that the Company will not have the resources required to carry out its exploration plans or complete construction of the exploration ramp, 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. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. 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. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
