Tudor Gold Commences Drilling at Perfectstorm Zone and Provides Update at Treaty Creek Property, Golden Triangle British Columbia
Tudor Gold Commences Drilling at
Perfectstorm Zone and Provides Update at
Treaty Creek Property, Golden Triangle British
Columbia
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2023) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
H56
) (the "
Company
" or "
Tudor Gold
") is pleased to announce the commencement of drilling at the
Perfectstorm Zone as part of the ongoing 25,000-meter (m) diamond drill program (the "Program") at
Treaty Creek (the "Property"), situated in the heart of the Golden Triangle in northwestern British
Columbia. Since the beginning of this year's Program, the Company has successfully completed over
10,000 m of drilling, including infill and step-out holes within the area that encompasses the Goldstorm
Deposit.
Tudor Gold currently has six drill-rigs in operation with four of these drill-rigs continuing to target
mineralization at the Goldstorm Deposit. An additional drill rig was mobilized to test the northeastern
extents of the Goldstorm Deposit, while the 6
th
drill rig is focused on the Perfectstorm Zone. For a visual
representation of the drill hole locations at Goldstorm, please click to
see the Goldstorm Deposit plan
map.
Ken Konkin, President and CEO
, comments
: "We are very excited to begin drilling at Perfectstorm,
which is positioned equidistant between Tudor Gold's Goldstorm Deposit and Seabridge Gold's Iron
Cap Deposit (click to
see Treaty Creek Property Map
). Drilling at Perfectstorm will build upon the
progress made through previous initial drilling of six wide-spaced drill holes spanning a strike length of
1.3 kilometers. These holes successfully intercepted substantial widths of favorable gold, silver, and
copper mineralization. Notable results include hole PS-21-06, which encountered 118.6 m averaging
0.66 g/t gold. These results include an uppermost portion averaging 0.84 g/t gold over 59.9 m. Given that
only a small portion of the targeted magnetic anomaly has been explored at Perfectstorm, there is
immense potential for a significant expansion of the mineralized area, thus making it a valuable addition
to the Treaty Creek Project. The first of several planned drill holes will be collared at least 400 m west
and west-northwest of PS-21-06 over the best surficial gold-geochemical rock sample results obtained
from our last two years of surficial mapping and sampling programs (click to
see the Perfectstorm plan
map
and
cross-section
).
"Additionally, the drilling program at the Goldstorm Deposit has progressed exceptionally well this
season. Several early 150 to 200-m step-out holes in the northern and northeastern area have
intersected substantial sulphide and sulfosalt mineralization. As a result, the technical team has decided
to construct new drill pads up to 300 m to the northeast, to target the potential extension of the deposit
with the fifth drill rig. The expansion of the CS-600 and DS5 domains in this direction indicates further
growth opportunities for the project as we are now drilling at full capacity with all six drill-rigs."
The Company will provide results from the Program once the final assays are received and compiled.
About Treaty Creek
The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry
system, as well as several other mineralized zones. As disclosed in the March 2023 News Release, the
Goldstorm Deposit has an Indicated Mineral Resource (as defined in NI 43-101) of 23.37 Moz of AuEq
grading 1.13 g/t AuEq (18.75 Moz gold grading 0.91 g/t, 2.18 Blbs copper grading 0.15 %, 112.4 Moz
silver grading 5.45 g/t) and an Inferred Mineral Resource (as defined in NI 43-101) of 7.35 Moz of AuEq
grading 0.98 g/t AuEq (5.54 Moz gold grading 0.74 g/t, 0.85 Blb copper grading 0.16 %, 45.08 Moz
silver grading 5.99 g/t), with a pit constrained cut-off of 0.5 g/t AuEq and an underground cut-off of 0.7 g/t
AuEq. The Goldstorm Deposit has been categorized into three dominant mineral domains and several
smaller mineral domains. The CS-600 domain largely consists of an intermediate intrusive stock and
hosts the majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated
Mineral Resource of 9.86 Moz AuEq grading 1.10 g/t AuEq (6.22 Moz gold grading 0.70 g/t, 1.98 Blbs
copper grading 0.32 %, 51.1 Moz silver grading 5.71 g/t) and an Inferred Mineral Resource of 3.71 Moz
AuEq grading 1.19 g/t AuEq (2.32 Moz gold grading 0.75 g/t, 0.76 Blb copper grading 0.36 %, 18.71
Moz silver grading 6.01 g/t). The Goldstorm Deposit remains open in all directions and requires further
exploration drilling to determine the size and extent of the deposit.
1
AuEq = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)
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.
QA/QC
Diamond drill core samples were prepared at MSA Labs' Preparation Laboratory in Terrace, BC and
assayed at MSA Labs' Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are
monitored by the submission of blanks, certified standards and duplicate samples inserted at regular
intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies
with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is
independent of the Company.
About Tudor Gold
TUDOR GOLD Corp. is a precious and base metals exploration and development company with claims
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 Newmont Corporation Limited's Brucejack property to the southeast.
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 Deposit - Planview Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/171518_83b85e11441fe857_002full.jpg
Treaty Creek Property Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/171518_83b85e11441fe857_003full.jpg
Perfectstorm Planview Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/171518_83b85e11441fe857_004full.jpg
Perfectstorm Cross-Section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/171518_83b85e11441fe857_005full.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/171518