Interview with Walter Storm, President & Chief Executive Operating Officer of Tudor Gold Corp. (TSXV: TUD) by Ringler Research as of December 12, 2017
We are pleased to present an interview with Walter Storm, President & CEO of Tudor Gold Corp. The interview was conducted by Carsten Ringler from Ringler Consulting and Research GmbH.
About Tudor Gold:
Tudor Gold (TSX-V: TUD, Frankfurt: TUC.F) is an exciting exploration company focused on precious and base metals projects in the Candian federal state of British Columbia. All 10 projects are located in the famous ‚Golden Triangle‘, an area which hosts multiple past producing mines and several large deposits world-class deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, other 100% owned projects or earn-in options include Mackie, Doc, Eskay North, Orion, Fairweather, Delta and the High North properties.
Walter Storm is the CEO of the company. Mr. Storm became known in Canada through the seed financing of Osisko Mining. Osisko Mining is a major gold producer in Quebec, which was funded, inter alia, by a German holding company (Eurasia), in which Mr Storm held a controlling interest and served as chairman of the supervisory board. During Mr. Storm’s tenure, not only did Eurasia financed the founding of Osisko Mining in 2004, but it also helped the company become a world-class gold mine with a market capitalization of approximately C$ 4.50 billion.
Early shareholders were pleased with a phenomenal increase of stock prices and the respective market capitalization. Between 2005 and 2010, the company value increased from less than C$ 10 million to over C$ 5 billion. Osisko is considered one of the most successful gold producers in Canada. Tudor Gold is listed on the Canadian Stock Exchange (TSXV: TUD) and the Frankfurt Stock Exchange (Ticker: TUC). More information about Tudor Gold can be found at: http://www.tudor-gold.com
Hello Mr. Storm, welcome to our interview today about Tudor Gold. Can you tell our readers a little bit about Tudor Gold? What are the corporate goals of your company?
Hello Mr. Ringler, thank you for the opportunity to introduce our company to your readers. Tudor Gold is a multi-project exploration company which are all located in the famous ‚Golden Triangle‘ in the Canadian state of British Columbia. We have placed great emphasis in our selection process, that all concession areas are in close proximity to world class mineral resources and having the potential to host several million ounces of gold. It is important to mention that ‚Treaty Creek‘ is a neighboring property right on the border with Seabridge Gold and Pretium Resources. In addition, according to surveys by the Fraser Institute, Canada is one of the safest and most attractive countries in the world to operate mining projects. In the 2016 Fraser study, the state of ‚British Columbia‘ ranked ‚Alberta‘ second among all Canadian states.
Mr. Storm, before we come to Tudor Gold’s exploration projects, please tell us a bit about your background and past achievements.
As a businessman, I have been active in several industries in the last 50 years, including forestry and mining finance. In 2004, I co-founded the world-famous Osisko Mining and actively supported the company until the year 2010. I was then shareholder of the company until the sale of Osisko Mining for 4.5 billion CAD in 2014.
The goal of Tudor is to find economic mineral deposits in the legendary ‚Golden Triangle‘. Please give us an overview of the biggest projects in this region.
The „Golden Triangle“ region is recently more often discussed in the press as Pretium Resources commenced gold production this year. Also another company is Seabridge Gold, which controls one of the largest underdeveloped gold projects in the world based on gold reserves at their ‚KSM project‘. The KSM project has reserves of 29 million ounces of gold and 10 billion pounds of copper. In the region was the former world class mine ‚Eskay Creek‘ located, once owned by Barrick Gold until the mine was closed in 2008 due to depleted gold resources The mine has produced over 3 million ounces of gold and 160 million ounces of silver. You can see, that there are many mineral deposits and promising exploration projects in the region.
As I learned from the company presentation, Tudor controls over 37,329 hectares on 10 projects. Why did Tudor first begin drilling on the ‚Treaty Creek‘ project?
We used new exploration methods there, such as the MT Survey. These are geophysical surveys. They indicated that the mineralization at ‚Treaty Creek‘ is heading further south towards Seabridge’s ‚Iron Cap Deposit‘. Tudor Gold’s 2017 drill program was 5 km north of the Iron Cap deposit. So far, Seabridge has been able to define a resource of over 10 million ounces of gold and 76 million ounces of silver, as well as more than 3.5 billion pounds of copper.
Tudor released the results of the first four drill holes of the Copper Belle Zone at Treaty Creek on October 12th this year. Tell me about some highlights of the first drill holes?
In 2017, we completed a total of 27 holes totaling 13,722 meters on our Treaty Creek project. The first step-out drill hole CB-17-04 drilled on the ‚Copper Belle Zone‘ in 2017 intersected continuous mineralization over 176.2 meters with gold grading 0.80 g / ton gold from 152.1 to 328.5 meters depth. However, there were also higher-grade sections such as e.g. 43.5 meters at 1.81 g / ton gold at CB-17-07.
Mr. Storm, Tudor reported in the last press release dated 07.12.17 on the final results of the 2017 exploration season on Treaty Creek. Were you satisfied with the results? How did the exploration season go?
We were very pleased with the results of the exploration season. So we discovered an extension of the ‚GR2 Zone‘ with high grade mineralization. This so-called ‚HC Zone‘ included 4.89 g / t gold over 9.7 meters and 1.118.35 g / t silver over 2.85 meters. It is important to understand that in the ‚GR2 Zone‘ only about a strike length of about 400 meters has been drilled so far. Historical surface sampling carried out by previous operators to both the north and south of the GR2 / HC zone indicates that the main mineralized structure potentially extends 3,000 meters along strike. The mineralized structure remains open to the north and south beyond the existing drill holes, and down dip. The GR2 Zone represents a strategic target for our 2018 exploration plans.
What are the main reasons why our readers should invest in Tudor Gold?
Our concession areas are in close proximity to world-class projects, and drill results to date confirm our hope that several million ounces of gold can be found on ‚Treaty Creek‘. In addition to the mentioned Treaty Creek, we have 9 other very promising projects in our portfolio, all located in the famous ‚Golden Triangle‘. Our projects have so far been accompanied by renowned geologists who all have a lot of experience in the region.
Is there anything else you would like to add?
We are doers! Since the completion of the so-called qualifying transaction in April 2016 at ‚Treaty Creek‘, we have already announced a few months later the first positive drilling results. We are working hard on the preparation of the first initial resource estimation.
Besides ‚Treaty Creek‘, we also have big plans for our ‚Electrum‘ project. Once the regulatory approvals have been granted, we would like to launch a 10,000 tons bulk samples program. We have invested 270,000 C$ this summer to complete the access road to the project. Now, we can reach the deep-water port at Stewart B.C. by road from the Electrum property.
Excellent! Many thanks for the insights I gained on Tudor Gold and the interview.
The entire interview include the Important Notes, Disclaimer and other Information can be downloaded in PDF-format under the following link: LINK