Tudor Gold Commences 2022 Exploration Drill Hole Program at Their Flagship Treaty Creek Property Located in Northwestern, BC
Tudor Gold Commences 2022 Exploration Drill
Hole Program at Their Flagship Treaty Creek
Property Located in Northwestern, BC
Vancouver, British Columbia--(Newsfile Corp. - May 9, 2022) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to announce the commencement of Phase l of the
2022 exploration program (the "
Program
") at their flagship property, Treaty Creek, located in the heart
of the Golden Triangle of Northwestern British Columbia. The fully funded Program consists of a 30,000
metre (m) diamond drilling campaign that has been developed to systematically test the extension of the
Goldstorm Deposit well beyond the limits that were outlined in the 2021 Mineral Resource Estimate
(
Tudor Gold press release dated March 9, 2021
reported a Measured and Indicated Mineral
Resource of 19.41 million ounces of AuEq grading 0.74 g/t AuEq and an Inferred Mineral
Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq).
In addition, exploration diamond
drilling will focus on the Calm Before the Storm (CBS) and Eureka zones (EZ).
The 2021 exploration drilling campaign successfully infilled key areas of Tudor's 2021 Mineral Resource
with reported gold and copper grades that were exceptionally higher than grades reported in the 2021
Mineral Resource Estimate.
Tudor's 2022 exploration program will test the Goldstorm System for an
additional 500 metres along the northeastern axis.
(see
Goldstorm Phase l Drill Program, plan map
).
The primary goal of the Program is to expand the size of the initial mineral resource and to define the
limits of the mineralized domains.
Three drill rigs have commenced drilling the northern aspects of the Goldstorm Deposit as step-out
exploration holes. Additionally, one rig has begun drilling at CBS as follow-up on last years' newly
discovered gold-silver system, located 2.5 kilometres northeast of the Goldstorm Deposit. Crews are
currently mobilizing an additional four drill rigs to site to 'fast-track' the exploration and potential
continued expansion of the Goldstorm Deposit.
Ken Konkin, President and CEO
, comments "This year we have planned a very robust drilling
campaign that will focus 80% of the exploration as continued step-out drilling from the latest impressive
2021 results obtained from holes GS-21-113, GS-21-113-W1, GS-21-113-W2 and GS-21-119 in the
northern sector of the Goldstorm Deposit (Table 1). The remaining 20% of planned holes will include
Goldstorm resource definition drilling as well as exploration drill holes for CBS and Eureka gold systems.
Our exceptional start-up team as done a superb job safely dealing with challenging conditions to
mobilize drills and supplies utilizing the Brucejack Lake road to access our winter-haul route. We wish to
thank Newcrest Mining for their assistance in allowing us to share the Brucejack access road so we
could complete the mobilization of our equipment in a timely and cost-efficient manner. Our Phase ll
plans will be contingent to the success of the Phase l drilling; we plan to concentrate our drilling in the
areas that contain the strongest mineralization throughout the 300H, CS-600 and DS-5 domains. We
also plan to test the hypothesis that the Eureka Zone may be the continuation of the DS-5 domain. The
Goldstorm Deposit continues to amaze our geological team as it remains open in all directions and to
depth with some of the most impressive and strongest gold-copper mineralization obtained late last year
within the northern areas of this deposit."
TABLE 1: SUMMARY OF 2021 STEP-OUT DRILL HOLE RESULTS - GOLDSTORM NORTH
Section
Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu ppm
AuEQ
(g/t)
116+50 NE
GS-21-113
255.00
1227.00
972.00
0.91
3.66
2647
1.27
255.00
711.00
456.00
1.30
3.34
101
1.35
552.00
699.00
147.00
2.56
7.04
78
2.65
822.00
1227.00
405.00
0.65
4.64
6179
1.44
892.50
1165.50
273.00
0.77
5.50
8436
1.83
117+00 NE
GS-21-113-W1
255.00
714.00
459.00
1.26
2.82
103
1.30
Includes (300H)
555.00
714.00
159.00
2.28
5.14
94
2.35
With
609.00
685.50
78.00
3.97
7.71
86
4.07
117+00 NE
GS-21-113-W2
255.00
1575.00
1320.00
0.67
3.70
2159
0.97
Includes (300H)
255.00
352.00
97.00
1.25
2.17
78
1.29
With
589.50
658.50
69.00
1.80
3.61
78
1.85
And Includes (CS600)
1018.50
1575.00
556.50
0.73
6.27
4892
1.38
With
1518.00
1575.00
57.00
1.29
17.64
7149
2.34
116+50 NE
GS-21-119
726.00
1290.00
564.00
0.96
8.45
244
1.09
861.00
1057.50
196.50
1.62
10.31
153
1.76
All assay values are uncut and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals
The following metal prices were used to calculate the Au Eq metal content: Gold $1625/oz, Ag: $19/oz, Cu: $2.8/lb. Calculations used the
formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.01169) + (Cu% x 1.1815). All metals are reported in USD and calculations do not consider metal
recoveries.
True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the
mineralized body orientation and true widths.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's President and CEO, Ken Konkin, P.Geo. He has read and approved the scientific and
technical information that forms the basis for the disclosure contained in this news release.
About Tudor Gold
TUDOR GOLD Corp. is a precious and base metals exploration and development company with
properties in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-
producing mines and several large deposits that are approaching potential development. The 17,913
hectare Treaty Creek project (in which TUDOR GOLD has a 60% interest) borders Seabridge Gold
Inc.'s KSM property to the southwest and borders Newcrest Mining Limited's Brucejack property to the
southeast. In April 2021 Tudor published their 43-101 technical report, "Technical Report and Initial
Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British
Columbia Canada" dated March 1, 2021, on the Company's Sedar profile. The Company also has a
100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the
Golden Triangle area.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
"Ken Konkin"
Ken Konkin
President and Chief Executive Officer
For further information, please visit the Company's website at
www.tudor-gold.com
or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail:
or
Carsten Ringler
Head of Investor Relations and Communications
Phone:
+49 151 55362000
E-Mail:
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. "Forward-looking information" includes, but is not limited to, statements with
respect to the activities, events or developments that the Company expects or anticipates will or may
occur in the future, including the completion and anticipated results of planned exploration activities.
Generally, but not always, forward-looking information and statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words
and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including
among others, that the Company's planned exploration activities will be completed in a timely
manner. Although the assumptions made by the Company in providing forward-looking information or
making forward-looking statements are considered reasonable by management at the time, there can
be no assurance that such assumptions will prove to be accurate.
There can be no assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's plans or expectations include risks
relating to the actual results of current exploration activities, fluctuating gold prices, possibility of
equipment breakdowns and delays, exploration cost overruns, availability of capital and financing,
general economic, market or business conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time to time in the filings made by the
Company with securities regulators.
Although the Company has attempted to identify important factors that could cause actual results to
differ materially from those contained in the forward-looking information or implied by forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking information and statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated, estimated
or intended. Accordingly, readers should not place undue reliance on forward-looking statements or
information.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
Goldstorm Phase I Drill Program – Plan View
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Goldstorm Phase I Drill Program with 2021 Resource Outline – Plan View
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/123166