Tudor Gold Provides Proposal to Resolve Golden Triangle Permitting Overlap

Core Viewpoint - Tudor Gold Corp. has proposed an alternative route for the planned Mitchell-Treaty Twinned Tunnels to resolve a land use conflict with Seabridge Gold Inc.'s KSM project, aiming to protect its Treaty Creek Project while allowing both projects to advance economically for the Province of British Columbia [1][3]. Group 1: Project Details - The Tunnels, approximately 22 kilometers long, would directly intersect Treaty Creek's Goldstorm Deposit and the Perfectstorm Zone, which has potential to exceed Goldstorm in both tonnage and gold grade [2][10]. - The Goldstorm Deposit has an Indicated Mineral Resource of 21.66 million ounces of gold at a grade of 0.92 g/t, along with significant silver and copper resources [8][23]. Group 2: Proposed Solutions - Tudor's alternative route proposal would shift the Tunnels approximately one kilometer north, adding about 2.5 kilometers to the total length, which represents a 3.1% increase in total tunnel excavations [12]. - The company believes this alternative route would encounter similar or better geological conditions and reduce the risk of encountering acid-generating rock [13]. Group 3: Legal and Regulatory Actions - Tudor has initiated three legal proceedings in British Columbia to protect its mineral claims and challenge decisions related to the Tunnels and the conditional mineral reserve [17]. - The company prefers to negotiate with the Province and Seabridge to modify the planned route of the Tunnels [16]. Group 4: Future Plans - An updated Mineral Resource estimate for Treaty Creek is underway, incorporating approximately 15,000 meters of drilling data from 2024 and 2025, with completion targeted for Q4 2025 [18]. - Tudor plans to commence underground excavation of the high-grade gold SC-1 Zone in Q3 2026, subject to necessary permits [20].