Tudor Gold Corp Reports Gold Equivalent Results for All Drill Holes at the Company's Flagship Treaty Creek Project P&E Mining Consultants Inc. Provides Drill Hole Spacing Recommendation for the 2020 Drill Plan at the Treaty Creek Project
Tudor Gold Corp Reports
Gold Equivalent Results for All
Drill Holes at the Company's Flagship Treaty Creek
Project
P&E Mining Consultants Inc. Provides Drill Hole Spacing
Recommendation
for the 2020 Drill Plan at the Treaty Creek Project
Vancouver, British Columbia--(Newsfile Corp. - March 3, 2020) -
Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "
Company
"
or "
Tudor Gold
") is pleased to announce the results of
gold-equivalent (AuEq) calculations for all drilling completed at
Company's flagship project Treaty Creek. These calculations include credit for previously analyzed values for Cu and Ag.
Geological analysis and reinterpretation of all the drill holes to date exposed a new copper horizon (CS 600 horizon) as well as
significant silver and copper mineralization throughout the Goldstorm system.
The strongest AuEq increase was seen in the newly discovered NE Extension within the 300 Horizon.
The gold-only
result of 1.27 gpt Au over a 252 metre (m) interval increased to 1.51 gpt AuEq (with 13.8 gpt Ag and 504 ppm
Cu), an increase of 18.9%.
All drill holes at Goldstorm Zone had significant increases to the composite results when the AuEq values for the copper
and silver mineralization were included however when the drill holes intersected the CS-600 Horizon, the copper values
within this mineralized body had the greatest impact to an individual horizon with
up to 79.8% increase to the AuEq
value from a gold-only 0.39 gpt Au over 150m to 0.70 gpt AuEq over the same 150m interval.
P&E Mining Consultants Inc. were retained to assess all Goldstorm drill hole results and historical data in order to render
an opinion as to the consistency of the gold mineralization as well to ascertain the recommended drill hole spacing that
would be required to potentially derive a Indicated Mineral Resource and a Measured Mineral Resource. P&E Mining
Consultants Inc. concluded the following:
"Three dimensional continuity analyses of the Treaty Creek drill hole assay results were carried out for the Goldstorm
Zone. The regional geological trend was used to guide the selection of horizontal, across-strike, and dip-plane
directions during variogram fan analysis. Variogram fans were generated separately for Ag, Au, Cu, Pb, and Zn
uncapped composite samples in each zone.
All modeled semi-variograms display a very low nugget effect, and display long range continuity down the plunge of the
mineralization and along the regional strike of the deposits.
For the Goldstorm Zone, a drill spacing of 200 m is recommended for Indicated Mineral Resources, and 100 m for
Measured Mineral Resources."
The Company's goal is to design a diamond drill hole program that will fast-track the exploration program for 2020 with the
objective to begin the Mineral Resource Estimate work as soon as possible.
Vice President of Project Development, Ken Konkin P.Geo. comments:
"We are very encouraged to see that the silver
and copper mineralization has made an important impact to the AuEq results from our recent drilling as well as the historical
drilling. The next step is to plan the drill hole program for the 2020 exploration season. We continue to work with our Mineral
Resource Estimate geologists and engineers from P&E Mining Consultants to plan the drill hole program in order to optimize
the drilling and to attempt to fast-track the exploration program for this coming drill season.
Table l
provides gold equivalent composites from the 2019 drilling and all historical drilling within the Goldstorm Zone.
Table ll
contains the drill data including collar location, depth of drill hole as well as the dip and azimuth for all drill hole.
TABLE l: Au Eq COMPOSITES GOLDSTORM ZONE
Section
HOLE ID
From
To
Interval
(m)
AuEq
g/t
Au
g/t
Ag
g/t
Cu
ppm
%
increase
Horizon
107+00 NE
CB-17-29
1.20
575.00
573.80
0.321
0.278
0.9
224
15.5%
300
107+00 NE
CB-17-29
60.50
333.50
273.00
0.435
0.392
1.1
197
11.0%
300
107+00 NE
CB-17-29
60.50
176.00
115.50
0.728
0.685
1.9
142
6.3%
300
107+00 NE
CB-18-32
196.50
783.50
587.00
0.542
0.497
1.6
177
9.1%
300 +
CS600
107+00 NE
CB-18-32
196.50
316.50
120.00
1.082
1.045
1.7
106
3.5%
300
107+00 NE
CB-18-34
419.00
711.50
292.50
0.499
0.461
2.4
63
8.2%
300
107+00 NE
CB-18-34
419.00
711.50
292.50
0.499
0.461
2.4
63
8.2%
300
107+00 NE
CB-18-34
831.50
897.50
66.00
0.290
0.221
1.3
361
31.2%
CS600
108+00 NE
CB-17-09
41.00
545.00
504.00
0.549
0.488
2.3
225
12.5%
300
108+00 NE
CB-17-09
41.00
200.00
159.00
0.782
0.708
2.9
261
10.5%
300
108+00 NE
CB-17-12
3.00
243.50
240.50
0.848
0.797
2.6
139
6.4%
300
108+00 NE
CB-17-12
33.00
224.00
191.00
0.979
0.923
3.0
134
6.1%
300
108+00 NE
CB-17-24
3.50
563.00
559.50
0.618
0.576
2.0
121
7.3%
300
108+00 NE
CB-17-24
62.00
275.00
213.00
1.018
0.945
3.9
180
7.7%
300
108+00 NE
CB-17-24
3.50
686.00
682.50
0.563
0.498
1.8
288
13.1%
300
108+00 NE
CB-18-36
659.50
772.00
112.50
0.487
0.454
1.8
74
7.3%
300
108+00 NE
CB-18-36
659.50
704.50
45.00
0.733
0.688
2.7
88
6.5%
300
108+00 NE
CB-18-36
682.00
703.00
21.00
1.101
1.035
4.6
79
6.4%
300
108+00 NE
CB-18-38
20.50
638.00
617.50
0.465
0.429
1.3
137
8.4%
300
108+00 NE
CB-18-38
248.50
353.00
104.50
0.733
0.639
3.4
360
14.7%
300
108+00 NE
CB-18-38
468.50
638.00
169.50
0.683
0.659
1.1
76
3.6%
300
108+00 NE
GS-19-40
23.00
350.00
327.00
0.501
0.443
1.72
251
13.1%
300
108+00 NE
GS-19-40
81.50
127.00
45.50
1.060
0.907
4.92
634
16.9%
300
108+00 NE
GS-19-41
27.50
353.00
325.50
0.724
0.589
5.25
480
22.9%
300
108+00 NE
GS-19-41
47.00
146.00
99.00
1.252
1.015
9.83
800
23.3%
300
109+00 NE
CB-16-03
88.00
708.00
620.00
0.582
0.534
1.5
202
9.0%
300
109+00 NE
CB-16-03
112.00
426.00
314.00
0.792
0.733
2.2
220
8.0%
300
109+00 NE
CB-17-04
152.10
327.00
174.90
0.827
0.803
1.0
76
3.0%
300
109+00 NE
CB-17-27
12.50
536.00
523.50
0.688
0.640
1.6
197
7.5%
300
109+00 NE
CB-17-27
12.50
350.00
337.50
0.807
0.758
2.0
169
6.5%
300
109+00 NE
CB-18-31
404.00
680.50
276.50
0.526
0.494
1.4
100
6.5%
300
109+00 NE
CB-18-31
481.00
597.00
116.00
0.773
0.732
1.8
124
5.6%
300
109+00 NE
CB-18-
33B
599.00
623.00
24.00
0.435
0.367
5.4
22
18.5%
300
109+00 NE
GS-19-43
68.00
561.50
493.50
0.608
0.566
1.36
174
7.4%
300 +
CS600
109+00 NE
GS-19-43
141.50
197.00
55.50
1.068
1.005
2.62
211
6.3%
300
109+00 NE
GS-19-43
405.50
561.50
156.00
0.785
0.718
1.50
325
9.3%
CS600
109+00 NE
GS-19-44
101.00
368.00
267.00
0.867
0.807
3.30
134
7.4%
300
109+00 NE
GS-19-44
125.00
275.00
150.00
1.143
1.065
4.62
151
7.3%
300
109+00 NE
GS-19-45
44.00
369.50
325.50
0.765
0.719
1.91
154
6.4%
300
109+00 NE
GS-19-45
62.00
278.00
216.00
0.947
0.901
2.27
122
5.1%
300
109+00 NE
GS-19-45
105.00
278.00
173.00
1.054
1.000
2.63
144
5.4%
300
109+00 NE
GS-19-46
34.50
628.50
594.00
0.550
0.510
1.31
165
7.8%
300 +
CS600
109+00 NE
GS-19-46
175.50
337.50
162.00
0.778
0.734
1.93
135
6.0%
300
109+00 NE
GS-19-46
564.00
600.00
36.00
1.425
1.328
1.12
560
7.3%
CS600
110+00 NE
CB-17-06
182.50
589.50
407.00
0.767
0.675
3.1
369
13.6%
300
110+00 NE
CB-17-06
222.00
393.50
171.50
0.914
0.814
3.7
379
12.3%
300
110+00 NE
CB-17-07
99.50
530.00
430.50
0.697
0.625
2.4
293
11.5%
300
110+00 NE
CB-17-07
162.50
309.50
147.00
1.155
1.028
4.9
457
12.4%
300
110+00 NE
CB-18-
37B
125.00
819.50
694.50
0.502
0.459
1.2
196
9.4%
300
110+00 NE
CB-18-
37B
300.50
423.50
123.00
1.002
0.944
2.0
234
6.1%
300
110+00 NE
CB-18-
37B
125.00
912.00
787.00
0.473
0.427
1.2
212
10.8%
300 +
CS600
110+00 NE
GS-19-50
148.00
725.50
577.50
0.681
0.602
1.99
372
13.1%
300 +
CS600
110+00 NE
GS-19-50
148.00
725.50
577.50
0.681
0.602
1.99
372
13.1%
110+00 NE
GS-19-50
160.00
427.00
267.00
0.878
0.811
2.67
300
8.3%
300
110+00 NE
GS-19-50
652.00
736.00
84.00
0.816
0.571
2.53
1444
42.9%
CS600
110+00 NE
GS-19-51
119.00
365.00
246.00
0.777
0.722
2.31
187
7.6%
300
110+00 NE
GS-19-51
578.00
618.50
40.50
1.304
1.019
2.94
1693
28.0%
CS600
110+00 NE
GS-19-53
108.00
255.00
147.00
1.036
0.984
3.07
98
5.3%
300
111+00 NE
CB-18-39
141.50
705.30
563.80
1.086
0.981
4.4
352
10.7%
300
111+00 NE
CB-18-39
141.50
422.00
280.50
1.274
1.141
5.5
449
11.7%
300
111+00 NE
CB-18-39
539.00
695.00
156.00
1.247
1.154
4.6
257
8.1%
300
111+00 NE
GS-19-48
97.50
1024.50
927.00
0.793
0.677
3.00
543
17.1%
300 +
CS600
111+00 NE
GS-19-48
97.50
426.00
328.50
1.152
1.048
4.30
354
9.9%
300
111+00 NE
GS-19-48
871.50
940.50
69.00
1.483
0.937
3.90
3364
58.3%
CS600
111+00 NE
GS-19-49
81.00
907.50
826.50
0.800
0.696
3.40
429
14.9%
300 +
CS600
111+00 NE
GS-19-49
81.00
330.00
249.00
1.080
0.998
5.10
137
8.2%
300
111+00 NE
GS-19-49
483.00
606.00
123.00
1.042
0.941
1.80
538
10.7%
300
111+00 NE
GS-19-49
747.00
832.50
85.50
1.494
1.067
10.50
2035
40.0%
CS600
111+00 NE
GS-19-52
62.00
663.50
601.50
0.783
0.668
3.25
513
17.2%
300 +
CS600
111+00 NE
GS-19-52
62.00
398.00
336.00
1.062
1.004
2.65
182
5.8%
300
111+00 NE
GS-19-52
513.50
663.50
150.00
0.703
0.391
6.49
1583
79.8%
CS600
112+50 NE
GS-19-42
63.50
843.50
780.00
0.849
0.683
5.80
650
24.3%
300 +
CS600
112+50 NE
GS-19-42
63.50
434.00
370.50
1.275
1.097
10.00
393
16.2%
300
112+50 NE
GS-19-42
63.50
315.50
252.00
1.508
1.268
13.80
504
18.9%
300
112+50 NE
GS-19-42
717.70
843.50
125.80
0.902
0.522
3.80
2253
72.8%
CS600
114+00 NE
GS-19-47
117.50
1199.00
1081.50
0.697
0.589
3.40
450
18.3%
300 +
CS600 +
DS
114+00 NE
GS-19-47
200.00
501.50
301.50
0.867
0.828
2.10
96
4.7%
300
114+00 NE
GS-19-47
665.00
816.50
151.50
1.009
0.572
8.90
2228
76.4%
CS600
114+00 NE
GS-19-47
933.50
1176.50
243.00
0.996
0.908
4.80
207
9.7%
DS
* All assay grades are uncut and intervals reflect drilled intercept lengths. 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.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
**Metal prices used to calculate the AuEq metal content are: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. All metals are reported
in USD and calculations do not consider metal recoveries
TABLE ll: Goldstorm Zone Drill Hole Data
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4494/53078_a65e7eb2f4a59be5_002full.jpg
The goal is to design a diamond drill hole program for the 2020 exploration program with the objective to begin the Mineral
Resource Estimate work at the end of the 2020 field season. Tudor hopes to accomplish as much drilling needed to bring a
Measured and Indicated Mineral Resource Estimate forward as quickly as possible.
Walter Storm, President and CEO
,
stated
:
"These new gold equivalents are extremely encouraging as our technical team
continues to take positive steps advancing Tudor Gold's flagship Treaty Creek Au-Ag-Cu project. Furthermore we received
good news from P&E Mining Consultants Inc. that the drill hole spacing required to derive a Measured Resource is 100
meters due to the homogenous nature of the AuEq composites obtained to-date. During the new few weeks, our geologist and
engineers will continue to work with the geological model and begin to prepare the diamond drill hole proposal for 2020."
QA/QC
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.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company's Vice President of
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.
About Tudor Gold
Tudor Gold is a precious and base metals explorer with properties in British Columbia's Golden Triangle, 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. The Company also has a 60% interest in
the Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.
GOLDSTORM ZONE Section 109+00 NE View 030
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4494/53078_tg2.jpg
GOLDSTORM ZONE Section 114+00 NE View 030
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4494/53078_tg4.jpg
GOLDSTORM ZONE Section 112+50 NE View 030
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4494/53078_tg6.jpg
GOLDSTORM ZONE Section 111+00 NE View 030
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4494/53078_td8.jpg