Latest news with #TudorGold
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
Yahoo
12-05-2025
- Business
- Yahoo
P2 Gold Announces Management, Metallurgical Testwork Updates
VANCOUVER, BC, May 12, 2025 /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. Management Update 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. SOURCE P2 Gold Inc. View original content to download multimedia: 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
The Market Online
02-05-2025
- Business
- The Market Online
Tudor Gold extends Treaty Creek exploration permit until 2030
Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle The property's estimated resource stands at 33.9 million gold-equivalent ounces with ample potential for expansion Tudor Gold is precious and base metals exploration and development company active in British Columbia's Golden Triangle Tudor Gold stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020 Tudor Gold (TSXV:TUD) and joint venture partner Teuton Resources (TSXV:TUO) secured a new exploration permit through May 31, 2030, for the Treaty Creek property in British Columbia's Golden Triangle. The permit will allow the companies to continue harvesting exploration upside at the property, including numerous prospective zones of mineralization, with eyes on growing a resource estimated at more than 33.9 million gold-equivalent ounces indicated plus inferred. An upcoming 25,000-metre exploration program will focus on the new Supercell-One gold complex with drilling aimed at expanding known high-grade structures. The company is also working on installing an exploration rap at Supercell-One to enable cost-conscious, year-round underground access to the discovery and potentially the main Goldstorm deposit. Drilling in 2024 at the SC-1 zone confirmed continuous high-grade gold in a setting structurally and geologically analogous to Newmont's Brucejack gold deposit less than 20 kilometres to the south, which produced 286,000 ounces of gold in fiscal 2023. Leadership insights 'We thank the Regional Mines Office in Smithers for renewing our Notice of Work permit for another five years,' Ken Konkin, Tudor Gold's president and chief executive officer, said in a statement. 'We are excited to advance the Treaty Creek project by focusing on the high-grade SC-1 complex, advancing our plans to submit more applications that will transition the Treaty Creek project from a greenfields project to a brownfields project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and expansion of the SC-1 complex from underground. Our proposed exploration ramp is expected to significantly reduce both the cost and time required to drill and define emerging high-grade gold targets by enabling the use of underground drill stations — delivering far greater efficiency than conventional surface drilling. Once completed, the underground infrastructure could provide long-term strategic value, supporting future exploration and potential mining operations within the SC-1 complex and the other Goldstorm domains, in particular the adjacent CS-600 domain. We look forward to sharing a more detailed exploration program for the 2025 season in the near future.' About Tudor Gold Tudor Gold is a precious and base metals exploration and development company active in British Columbia's Golden Triangle, a region known for its producing and past-producing mines and large deposits approaching potential development. The company owns a 60-per-cent interest in the 17,913-hectare Treaty Creek project, including one of the largest gold discoveries in the past 30 years. Tudor Gold stock (TSXV:TUD) is up by 1.72 per cent on the news trading at C$0.59 as of 11:52 am ET. The stock has given back 26.25 per cent year-over-year but remains up by 5.36 per cent since 2020. Join the discussion: Find out what everybody's saying about this gold exploration and development stock on the Tudor Gold Corp. Bullboard and check out Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
02-05-2025
- Business
- Yahoo
Tudor Gold secures exploration permits for Treaty Creek property in Canada
Tudor Gold has received five-year exploration permits from the British Columbia (BC) Ministry of Mining and Critical Minerals for its Treaty Creek property in the Golden Triangle of north-western BC, Canada. The permits are valid until 31 May 2030 and will allow the company to progress with its mineral exploration activities, focusing on the high-grade Supercell-One (SC-1) gold complex, discovered through previous drilling campaigns. Tudor Gold plans to conduct geotechnical drilling to support infrastructure planning for a proposed exploration ramp. Currently, the company is applying for the necessary permits to proceed with the underground development. Once operational, the ramp will offer cost-effective, underground access to the SC-1 area throughout the year, facilitating ongoing exploration. It is also expected to serve as a pivotal infrastructure component for the future development of the larger Goldstorm Deposit, a gold-copper porphyry system. The Treaty Creek project is not only home to the Goldstorm Deposit, but also hosts several other mineralised zones, positioning Tudor Gold for extensive exploration opportunities. The 2024 drill results from the SC-1 Zone have demonstrated the continuity and high-grade nature of the gold mineralisation, likened to the geology of Newmont's nearby Brucejack gold deposit. With the underground drift in place, Tudor Gold aims to initiate a focused drilling programme of up to 25,000m to expand and further delineate the SC-1 and adjacent targets. Notably, these SC-1 drill results have not been included in the February 2024 mineral resource estimate, which reported 27.9 million ounces of gold equivalent at an average grade of 1.19 grams per tonne. The Goldstorm Deposit, encompassing the SC-1, remains open in all directions and at depth. Tudor Gold president and CEO Ken Konkin said: 'We are excited to advance the Treaty Creek Project by focusing on the high-grade SC-1 complex, by advancing our plans to submit more applications that will transition the Treaty Creek Project from a 'Greenfields' project to a 'Brownfields' project. Our immediate goal is to obtain permits allowing Tudor to fast-track the exploration and expansion of the SC-1 complex from underground. 'Our proposed exploration ramp is expected to significantly reduce both the cost and time required to drill and define emerging high-grade gold targets by enabling the use of underground drill stations – delivering far greater efficiency than conventional surface drilling. Once completed, the underground infrastructure could provide long-term strategic value, supporting future exploration and potential mining operations within the SC-1 complex and the other Goldstorm domains, in particular the adjacent CS-600 domain.' "Tudor Gold secures exploration permits for Treaty Creek property in Canada" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
