Tudor Gold Confirms 4th Significant Gold- Silver Discovery at Treaty Creek with Drill Hole CBS-21-02 Intercepting 1.30 g/t Gold Eq over 53.9m Within 155.5m of 0.82 g/t Gold Eq at "Calm Before the Storm Zone" (CBS)
Tudor Gold Confirms 4th Significant Gold-
Silver Discovery at Treaty Creek with Drill
Hole CBS-21-02 Intercepting 1.30 g/t Gold Eq
over 53.9m Within 155.5m of 0.82 g/t Gold Eq
at "Calm Before the Storm Zone" (CBS)
Vancouver, British Columbia--(Newsfile Corp. - November 23, 2021) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to present the results for the first two drill
holes completed on its new discovery at CBS, formerly known as the NEAA Zone, at their flagship
property, Treaty Creek (the
"Project"
), located within the Golden Triangle of Northwest British
Columbia.
The Company has concluded the safe completion of the 2021 Exploration Program, which included a
total of 30,108 meters of drilling.
Results from the final eleven drill holes from Goldstorm, one hole at
CBS, and several surface chip sample lines from the Eureka Zone are expected to be received shortly
and will be released once final analysis and interpretation is completed.
Calm Before the Storm Results
CBS is the fourth significant precious metal mineralized zone to be discovered at the Treaty Creek
Project. The CBS Zone is located two kilometers northeast of the Goldstorm Deposit and occurs on the
same structural trend that hosts the Perfect Storm Zone (PSZ) and the Copper Belle-Goldstorm Deposit
(CB-GS), which currently hosts an estimated Measured and Indicated Mineral Resource of 19.4 million
ounces of AuEq grading 0.74 AuEq and an Inferred Resource of 7.9 million ounces of AuEq grading
0.79 AuEq (see
Tudor Gold press release dated March 9, 2021
).
Treaty Creek, CBS Zone Drilling and Surface Sampling Highlights include:
Identified a new mineralized zone, "Calm Before the Storm"
, near the lower Treaty Camp;
15% (25 out of 170) of rock chip samples assayed
>
0.5 g/t AuEq and 5% (8 out of 170) of
samples contained
>
1.0 g/t AuEq.
Drill results at Calm Before the Storm from the deeper hole,
CBS-21-02, which returned 1.30 g/t
AuEq over 53.9m within 155.50m of 0.82 g/t AuEq, demonstrate that gold-silver
mineralization is getting stronger at depth
.
Our Upper and Lower Exploration camps were closed in early November, but on-going
environmental and climatic studies will continue throughout the year with helicopter support
provided by Yellowhead Helicopters based in Stewart, B.C.
Tudor Gold's Vice President of Exploration and Project Development, Ken Konkin, P.Geo.,
states
: "Our 2021 exploration program has been exceptionally successful at broadening our
understanding of the mineralization throughout the Treaty Creek Property. The Project now has four large
geological targets that require extensive exploration and drilling, including the Goldstorm Deposit which
remains open in all directions and at depth. The size and scope of our exploration program is growing
exponentially with each new discovery to add to the chain of precious and base-metal deposits and
targets associated with the extensive Sulphurets-Treaty thrust fault system. We are very pleased with the
results of the surface sampling programs and in-particular the discovery hole from our preliminary drill
results at our new zone, Calm Before the Storm (CBS). The gold and silver values at CBS are
interpreted to be hosted within possibly younger rocks than the host lithologies at Goldstorm. Drill hole
CBS-21-02 intersected a distinct mineralized zone with
1.30 g/t AuEq over 53.9m within 155.50m of
0.82 g/t AuEq.
Our geological crews require further review of this core after compiling the assay results
to determine the controls for gold and silver distribution and emplacement."
The complete list of composited drill hole results for CBS, as well as the drill hole data, including hole
location, elevation, depth, dip and azimuth, are provided in Table 1 and Table 2, respectively. A list of
highlighted surface chip and channel samples from CBS are included in Table 3. Please click on the
following link to view:
Plan Map and Cross Sections for the drilling and surface samples reported in this
news release
.
Table l: Drilling Results Calm Before the Storm Zones in Press Release November 23, 2021
Section /
Plan
Hole / Chip
Line
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
Cu
ppm
AuEQ
(g/t)
A - 180
CBS-21-01
14.25
33.50
19.25
0.37
0.67
16
0.38
and
141.50
170.00
28.50
0.30
12.67
40
0.46
A - 180
CBS-21-02
150.50
306.00
155.50
0.78
2.34
41
0.82
includes
252.10
306.00
53.90
1.24
4.35
59
1.30
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.
Table 2: Drill data for holes in Press Release November 23, 2021
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
A - 180
CBS-21-01
430616.2
6273880.5
979.6
140
-45
404
A - 180
CBS-21-02
430726.0
6273999.1
981.2
200
-45
512.1
Table 3: CBS Surface Sample Results in Press Release November 23, 2021
Sample
Zone
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Type
Length
Au
(g/t)
Ag
(g/t)
Cu
ppm
AuEQ
(g/t)
X557688
CBS
430597.96
6273813.37
983.09
CHIP
2.00
0.76
27.45
219
1.11
X557681
CBS
430636.86
6273826.34
970.60
CHIP
2.00
0.88
13.35
166
1.06
X557680
CBS
430649.89
6273842.01
970.91
CHIP
1.50
0.90
12.97
219
1.07
X557683
CBS
430655.56
6273839.43
970.17
CHIP
2.00
0.90
13.89
119
1.07
X557677
CBS
430659.90
6273839.86
969.83
CHIP
2.00
1.38
16.89
160
1.60
X557676
CBS
430661.90
6273840.15
969.70
CHIP
2.00
1.50
16.02
252
1.72
X557675
CBS
430663.74
6273839.46
969.65
CHIP
1.50
0.96
10.41
190
1.11
A0513471
CBS
430717.50
6273948.00
976.08
CHANNEL
1.50
1.08
14.54
53
1.26
Tudor Gold Corp. and our associated service companies have taken extreme measures to maintain the
highest professional standards while working within COVID-19 health and safety protocols. Only
essential personnel are permitted to enter the camp and staging areas. Of those workers who are at the
project site and staging site, we have strict daily monitoring of the workers temperatures and general
health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-
going Tudor personnel and all service providers.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's Vice President of Exploration and Project Development, 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
Surface rock and 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
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 Pretium Resources Inc.'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.
"Walter Storm"
Walter Storm
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.
Treaty Creek – Area Overview Plan Map
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/104780_tudorfig1.jpg
Calm Before the Storm Plan View
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/104780_tudorfig2.jpg
Calm Before the Storm Section A – Viewing East
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/104780_tudorfig3.jpg
Sulphurets – Treaty Chain of Precious and Base Metals Deposits and Occurrences
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/104780_tudorfig4.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/104780