Tudor Gold Expands Treaty Creek's Perfectstorm Zone Copper-Gold Porphyry System, Further Defines Higher-Grade Epithermal Overprint and Updates Status of PEA
Tudor’s Perfectstorm project saw expanded widths with in-line grades, keeping the preliminary economic assessment as the primary catalyst.
Tudor Gold Corp. (TUD) released drill results from four holes (PS-26-29 to PS-26-32) at the Perfectstorm Zone of its 80%-owned Treaty Creek Project, alongside a status update indicating that the Goldstorm Preliminary Economic Assessment (PEA) from Fuse Advisors is being finalized, with results expected in the coming weeks.
In the PSP Zone, which is characterized as porphyry, hole PS-26-30 returned 0.85 g/t Au and 2.94 g/t Ag over 96.30 m from 264.30 m, including 2.02 g/t Au over 5.30 m and 1.92 g/t Au over 6.70 m. Hole PS-26-31 returned 1.16 g/t Au, 2.08 g/t Ag, 0.21% Cu and 116.91 ppm Mo over 11.00 m from 115.00 m; 0.22 g/t Au, 1.42 g/t Ag, 0.19% Cu over 59.50 m from 141.00 m (including 0.44 g/t Au, 0.36% Cu over 18.00 m); and 0.67 g/t Au, 3.72 g/t Ag over 37.50 m from 247.00 m (including 1.20 g/t Au, 13.41 g/t Ag over 7.50 m). Hole PS-26-32 returned 3.43 g/t Au over 2.65 m; 2.12 g/t Au over 4.15 m; 0.82 g/t Au over 16.50 m; 0.98 g/t Au, 3.29 g/t Ag over 31.80 m from 646.90 m (including 3.98 g/t Au over 4.20 m); and 15.05 g/t Au over 1.50 m from 913.50 m, which is described as extending gold-dominant mineralization approximately 480 m down-dip of previous drilling.
In the PSE Zone, characterized as epithermal, hole PS-26-29 returned 1.16 g/t Au and 13.92 g/t Ag over 25.50 m from 238.50 m, including 4.38 g/t Au and 81.97 g/t Ag over 3.00 m. The release also references hole PS-26-20 as confirming near-surface vein-hosted mineralization, though it is not re-tabled in this announcement.
The company states that the claimed system footprint for the PSP Zone is now approximately 850 m by 750 m and remains open in all directions. The PSE Zone footprint is now approximately 600 m by 300 m, with a thickness ranging from 25 m to greater than 100 m. Tudor Gold plans to drill 20,000 metres using three rigs.
Tudor Gold Corp. (TUD) is a development-stage explorer with a defined 24.9 moz Au Indicated resource, no revenue, and going-concern language in its latest MD&A, with a Preliminary Economic Assessment (PEA) due imminently. For a drill hole to move the resource or the development thesis, it must demonstrate significant scale or grade; incremental "bluesky" holes at a zone that carries no resource tonnes are unlikely to do so.
The market’s expectation anchor is set by two prior Perfectstorm releases. On 6 Aug 2026, the discovery hole PS-26-15 returned 83.10 m @ 0.78 g/t (64.8 g.m) plus 10.50 m @ 4.59 g/t. On 17 Sep 2026, PS-26-23 gave 101.00 m @ 0.98 g/t (99.0 g.m) and PS-26-28 gave 66.70 m @ 1.12 g/t (74.7 g.m). Today’s best result, PS-26-30 at 96.30 m @ 0.85 g/t (81.9 g.m), sits between those prior results, placing it in line rather than ahead of previous benchmarks.
The stock was C$0.90 on 17 Sep 2026 and C$0.82 on 13 Oct 2026, having round-tripped the entire Jan 2026 MRE rally (C$1.57 peak) back toward its 52-week low (C$0.76). The Perfectstorm discovery has never re-rated the equity, meaning this result is not a priced-for-perfection disappointment.
The delta is flat-to-marginally-better on grade-and-width substance, plus a genuine new down-dip dimension of 480 m at 0.98 g/t over 31.8 m. Nothing here represents a step-change in scale or grade; the value hinge remains the pending PEA, not this hole.
Tudor Gold Corp. (TSXV: TUD; FSE: H56; OTC: TDRRF) is a precious and base-metals explorer-developer operating in British Columbia’s Golden Triangle. The company holds an 80% interest in the 17,913-hectare Treaty Creek Project, which borders Newmont’s Brucejack property to the southeast and Seabridge’s KSM deposit to the southwest.
The project’s anchor asset is the Goldstorm Deposit, which contains an Indicated resource of 912.3 million tonnes grading 0.85 grams per tonne gold, 5.07 grams per tonne silver, and 0.15% copper, equating to 24.9 million ounces of gold, 148.7 million ounces of silver, and 3.048 billion pounds of copper. An Inferred resource of 21.8 million tonnes grades 3.64 grams per tonne gold, 10.22 grams per tonne silver, and 0.14% copper, representing 2.6 million ounces of gold, 7.2 million ounces of silver, and 67.9 million pounds of copper. Higher-grade sensitivities indicate that at a net smelter return (NSR) of US$125 per tonne, the resource includes 102.1 million tonnes grading 1.78 grams per tonne gold, while at US$175 per tonne, it includes 45.1 million tonnes grading 2.33 grams per tonne gold.
Tudor Gold is pursuing a development path centered on an underground mine targeting 2 to 3 grams per tonne material at a production rate of approximately 300,000 ounces per year, with a capacity of roughly 10,000 tonnes per day. The company has filed for an underground-ramp permit for the SC-1 Zone and is currently conducting a preliminary economic assessment (PEA) by Fuse Advisors. Adjacent zones include the un-resourced CBS and Eureka deposits, as well as the grassroots Perfectstorm project (PSP/PSE), which is the subject of the current release.
Ownership is approximately 30% insider-held, including Eric Sprott with roughly 14% and Tudor Holdings with 13%. Management is led by Joe Ovsenek, a former Brucejack executive.
In prior-period context, the company is pre-revenue and reported a first-quarter 2026 net loss of C$4.92 million, driven largely by C$4.53 million in share-based compensation. Working capital stands at approximately C$22 million, consisting mostly of investments. The company carries an explicit going-concern flag and has a flow-through spend commitment of $16.45 million by December 31, 2026.