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Tudor Gold Corp.
Summary
| Project: | Treaty Creek | |
|---|---|---|
| Deposit: | Treaty Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-6-2016: Tudor Gold Corp. announces a Supporting Acquisition report for its Treaty Creek deposit at the Treaty Creek project. JV - Full Technical report to review potential of project and to recommend an exploration program. Jill Pardoe, consulting geol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jill Pardoe (Independent) | |
| ABSTRACT: | Jill Pardoe, consulting geologist and member of the Association of Professional Engineers and Geoscientists of British Columbia, commissioned by Tudor Gold Corp. (“Tudor”) to provide an independent Qualified Person’s Review and Technical Report (“Report”) for the Treaty Creek project (“the Project”) located in Skeena Mining Division, British Columbia, Canada. Tudor can acquire a 60% interest in the Treaty Creek property by earning a 31% interest from American Creek Resources Ltd. (TSXV-AMK - “American Creek”), which currently holds a 51% stake, and by earning a 29% interest from Teuton Resources Corp. (TSXV-TUO - “Teuton”), which currently holds a 49% interest. Tudor can acquire the combined 60% interest by issuing 500,000 Tudor shares to each of American Creek and Teuton. Tudor has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016. A joint venture has been formed with Tudor holding a 60% interest and each of American Creek and Teuton holding a 20% interest in the joint venture. However, both American Creek’s and Teuton’s 20% interests are carried during the exploration period until a production notice is given. Thereafter, they will each be responsible for 20% of the costs under and subject to the terms of the joint venture. The property is subject to 3% NSR royalties. Tudor is project operator. | |
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