September 25, 2024 11:26 AM EDT | Source: Tudor Gold Corp.
Vancouver, British Columbia–(Newsfile Corp. – September 25, 2024) – Tudor Gold Corp. (TSXV: TUD) (FSE: H56) (the “Company” or “Tudor“) responded to Seabridge Gold’s press release issued on September 25, 2024, by stating that the Government of British Columbia has not provided them with a copy of the license of occupation nor have they been informed of the reasons for granting the license of occupation as announced by Seabridge Gold Inc.
Tudor Gold asserts that section 50(1)(a)(ii) of the Land Act prohibits any disposition of Crown lands, including this license of occupation, from impeding mineral tenure rights. Additionally, the company maintains that any grant of a mineral reserve under the Mineral Tenure Act cannot confer mineral title rights to any party or interfere with pre-existing rights.
In an effort to safeguard its mineral tenure rights, property rights, and shareholders, Tudor Gold is prepared to take all necessary measures, including pursuing damages for a statutory taking if required. Upon receiving the official copy of the license of occupation from the Government of British Columbia and any accompanying reasons from the governmental decision-makers, Tudor Gold will act accordingly to protect its interests.
Tudor Gold’s Projects in British Columbia’s Golden Triangle
Tudor Gold Corp. is engaged in precious and base metals exploration and development, focusing on British Columbia’s Golden Triangle. The company’s Treaty Creek project, covering 17,913 hectares with a 60% interest held by Tudor Gold, is strategically located adjacent to Seabridge Gold Inc.’s KSM property and Newmont Corporation’s Brucejack property. The Golden Triangle region is known for hosting producing and past-producing mines as well as significant deposits nearing potential development.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
“Ken Konkin”
Ken Konkin
President and Chief Executive Officer
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. The company’s planned exploration activities, completion, and expected results are subject to various assumptions that might not prove accurate in the future. Factors such as exploration results, gold price fluctuations, equipment breakdowns, and regulatory changes could affect actual outcomes.
The Company emphasizes that forward-looking statements are based on current information and do not guarantee future accuracy. Readers should exercise caution and not rely solely on these statements for investment decisions.
To view the source version of this press release, please visit
Additional Insight:
In situations where mining rights are at stake, companies like Tudor Gold must navigate complex legal frameworks to protect their interests. The dispute outlined in the press release highlights the importance of clear communication and adherence to regulations in the mining industry. It also underscores the potential challenges that can arise when multiple stakeholders are involved in resource development projects. By emphasizing their commitment to safeguarding mineral tenure rights and shareholder interests, Tudor Gold is positioning itself to address any uncertainties that may arise from the licensing process.
