Tudor Gold Continues To Grow Copper Belle; Hole 37b Returns 482 m of 0.486 g/t gold, including 175.5 m of 0.790 g/t gold
Tudor Gold Continues To Grow Copper Belle; Hole 37b
Returns 482 m of 0.486 g/t gold, including 175.5 m of
0.790 g/t gold
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2018) -
Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the
"Company" or "Tudor Gold") is pleased to report results from four holes of the nine-hole 2018 drill program on the Copper Belle
zone of the Company's Treaty Creek property, in the "Golden Triangle" area of north-western BC.
The deep drilling program is now finished for the season and results of core sampling have been received for six of the nine
holes completed. The first two holes were reported in the August 23 news release.
Walter Storm, President and CEO, stated: "As the assay results come in from our deep drilling program at Copper Belle, the
gold mineralized zone is really taking shape.
We are seeing thick intervals of good gold grades in our northernmost hole
reported to date. This indicates to us that the strong Copper Belle mineralization may continue to the north-northeast of our
current drilling.
Holes CB-18-34 and 37B were drilled to the northwest at angles of approximately 75 degrees into the central part of a strong
magnetic high (see map below) and returned broad intervals of gold mineralization. Holes CB-18-33B and 35B, located
approximately 150 m farther to the west, were also drilled northwesterly; however, the gold values were lower in these two holes.
The objective of the 2018 drill program was to better define the extent of the Copper Belle zone and the results from these holes
have accomplished that. Excellent gold intercepts from our northernmost hole reported to date and moderately strong magnetic
intensity extending north-northeasterly from the north end of the drill grid, indicate that the zone has good potential to continue in
that direction.
Gold, silver and copper results for holes CB-18-33B, CB-18-34, CB-18-35B and CB-18-37B , as well as hole 37, which was lost
at 131.2 m, but re-drilled as 37B, are summarized in the table below.
CB-18-3
4
had two wide intervals of gold mineralization; 0.554 g/t Au over 178.5 m, which included
0.830 g/t Au ove
r
75.0 m
and a lower zone of 0.344 g/t Au over 94.5 m. The gold
mineralized intervals are primarily hosted by
andesitic tuff and fragmental
rocks that are moderately silicified, chlorite and sericite altered, and cut by abundant fine quartz-carbonate veins. Pyrite content
averages about 10%, occurring as disseminations and local coarse masses in the host rocks, as well as within some of the
quartz-carbonate veins, with rare chalcopyrite and arsenopyrite.
CB-18-37B
also intersected two zones of mineralization over impressive widths; the upper zone averaged 0.772 g/t gold over
43.5 meters and the lower zone returned 0.486 g/t Au over 482.0 m, which included intervals of stronger alteration and
mineralization, such as
0.790
g/t gold over 1
75.5
met
e
r
s
.
The host rocks are similar to those in hole CB-18-34 and higher gold
grades are associated with increased silicification, potassic alteration and pyrite content.
Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (%)
CB-18-33B
548.00
564.50
16.50
0.502
1.6
0.006
611.00
623.00
12.00
0.547
9.4
0.003
EOH
743.0
CB-18-34
417.50
596.00
178.50
0.554
2.8
0.008
includes
417.50
492.50
75.00
0.830
1.8
0.013
and
578.00
596.00
18.00
0.790
7.5
0.003
603.50
698.00
94.50
0.344
2.1
0.004
includes
603.50
617.00
13.50
0.712
7.1
0.002
and
644.00
648.50
4.50
0.807
0.9
0.010
EOH
902.0
CB-18-35B
No significant results
EOH
612.0
CB-18-37
69.50
99.50
30.00
0.612
1.9
0.009
107.00
131.20
24.20
1.062
1.3
0.007
EOH
131.2
Hole was lost and restarted as 37B
CB-18-37B
59.00
74.00
15.00
0.650
3.7
0.008
125.00
168.50
43.50
0.772
1.6
0.019
182.00
192.50
10.50
0.575
1.9
0.004
207.50
689.50
482.00
0.486
1.2
0.0001
includes
207.50
222.50
15.00
0.772
2.0
0.021
and
300.50
476.00
175.50
0.790
2.1
0.025
and
482.00
498.50
16.50
0.688
0.6
0.001
and
507.60
612.50
104.90
0.437
0.9
0.014
and
648.50
689.50
41.00
0.351
0.7
0.042
EOH
912.5
* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined.
The nine holes drilled in 2018 covered an area measuring approximately 370 meters by 250 meters, to depths of 600 to 900
meters. Based on the wide gold intervals received to date, the results are expected to considerably increase the range of
potential ounces of gold from the 1.8 to 1.9 million ounces contained within 50 to 45 million tonnes grading 1.12 to 1.35 g/t Au
determined from the drill results prior to
2018. A new range of gold ounces and grades will be determined, incorporating all drill
results to the end of 2018 drilling, once the final assays are received and compiled.
The 2018 drilling has now extended the known length of the porphyry-style mineralized system for over 1100 meters. For
locations of the 2018 and other holes in the Copper Belle area that are overlain on Total Magnetics contours, please view the
map below. The Copper Belle zone has an elongate north-northeast trend, dipping at a relatively flat angle to the northwest.
Mineralization may be related to an extensive north-northeast trending tectonic zone, similar to the distribution of the four KSM
deposits on Seabridge's property that are located along a ten kilometer length of the Sulphurets Thrust Fault zone.
Copper Bel
le Drill Hole Locations on Total Magnetic Intensity
("Warmer" Colours Indicate Higher Magnetic Intensity)
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4494/40681_1bc2cd1aa430090c_001full.jpg
QAQC
Drill core samples were prepared at ALS Global's Preparation Laboratory in Terrace, BC and assayed at ALS Global's
Geochemical Laboratory in North Vancouver, 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. ALS
Global Laboratories quality system complies with the requirements for the International Standards ISO 17025: 2005.
QP
The Qualified Person for the Treaty Creek results in this new release is James A. McCrea, P.Geo., for the purposes of National
Instrument 43-101. 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 is a precious and base metals explorer in British Columbia's Golden Triangle, an area that hosts multiple past-
producing mines and several large world-class deposits that are approaching potential development. The Company has a 60%
interest in both the Electrum and Treaty Creek properties, and a 100% interest in the 18,300 hectare Crown project, all of which
are located in the Golden Triangle area.
"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:
CHF Capital Markets
Cathy Hume
CEO
Tel: 416-868-1079 x 231
Email:
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated"
and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking
information and are based on the Company's current belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially.
All statements other than statements of historical fact included in this release, including, without limitation, statements
regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or
expectations of the Company are forward-looking statements that involve various risks and uncertainties. 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. Forward-looking statements are based on a number of material factors and
assumptions. Important factors that could cause actual results to differ materially from Company
'
s expectations include
actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates,
future metal prices, availability of capital and financing on acceptable terms, general economic, market or business
conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a
timely basis, accidents or equipment breakdowns, delays in receiving government approvals,
unanticipated environmental
impacts on operations and costs to remedy same, and other exploration or 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 actions, events or results to differ from those described in forward-looking statements, there
may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no
assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place
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