Tudor Gold Discovers a Significant New Copper-Silver Horizon Within the Goldstorm System and Reports up to a 24% Increase in Gold-equivalents from Previously Reported Gold-Only Results at the Treaty Creek Project from Six Drill Holes
Tudor Gold Discovers a Significant New Copper-Silver
Horizon Within the Goldstorm System and Reports up to
a 24% Increase in Gold-equivalents from Previously
Reported Gold-Only Results at the Treaty Creek Project
from Six Drill Holes
Vancouver, British Columbia--(Newsfile Corp. - December 18, 2019) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the
"
Company
" or "
Tudor Gold
") is pleased to announce it has concluded the interpretation of
a copper-silver mineralized zone,
the '
CS 600 Horizon'
, within the Goldstorm Zone. Composite grades for drill holes GS19-42, 47, 48, 49, 52 and CB18-39 were
re-calculated utilizing the copper and silver grades obtained from the 2019 drill-hole program. These holes are located in the
northeastern-most area
of the project. The copper and silver mineralization contributed greatly to increasing the gold equivalent
content of all drill holes that cut the new copper-rich '
CS 600 Horizon'
.
The largest increase in gold equivalent content to the '300 Horizon' was from GS19-42. The gold-only grade previously
reported for the
370.5 m interval was 1.097 gpt Au
. After adding the copper-silver mineralization, the gold metal
equivalent content has
increased to 1.275 gpt Au Eq over the same 370.5
metre interval. This was due mainly to
the elevated silver grades.
Copper grades were very consistent within the
'CS 600 Horizon'.
Grades ranged from approximately
0.16% Cu to
0.34% Cu over intervals of 69m to 151.5m in holes GS19-42, 47, 48, 49 and 52. These intercepts led to the
largest
gold equivalent increases within the Goldstorm System.
Silver grades averaged as
high as 10 gpt within both the '300 Horizon' and the 'CS 600 Horizon'
and the metal
appears to occur throughout the entire Goldstorm System.
Vice President of Project Development, Ken Konkin P.Geo. comments:
"The newly discovered copper-rich 'CS 600
Horizon' is a very important feature of the Goldstorm System. The presence of copper and silver mineralization gives this
discovery a true polymetallic nature yet it remains a gold-dominant project. Copper grades appear to be increasing with
depth within the 'CS 600 Horizon'. In the following weeks our technical team will continue to examine the rest of the drill holes
to re-compute the gold-equivalent grades to include copper and silver throughout the entire system."
Table l
provides gold equivalent composites from five drill holes completed on three sections that cut the '300 Horizon' and the
'CS 600 Horizon' within the Goldstorm System. Although the sixth hole in this table (CB18-39) did not intersect the 'CS 600
Horizon', the Au Eq composite increased the grade of the intercept by over 11% within the '300 Horizon'. Sections attached
demonstrate that the copper pulse is un-like the main gold mineralization within the '300 Horizon' as the 'CS 600 Horizon'
appears to be dipping sub-parallel to the main Treaty Thrust Fault (TTF1) shown in section 111+00 NE.
The Company's Press
Release dated October 24
th
provides the drill collar data including drill hole location, elevation, inclination, azimuth and drill hole
length.
Table l:
Gold Equivalent Composites GS19-42, 47, 48, 49,52 and CB18-39
To view an enhanced version of this Table, please visit:
https://orders.newsfilecorp.com/files/4494/50902_8c1631ab4447084c_002full.jpg
* All assay grades are uncut and intervals reflect drilled intercept lengths. True widths of the mineralization have not been
determined. HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
**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.
The 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 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. During the following
months our geologist and engineers will continue to work with the geological model and begin to prepare the diamond drill
hole proposal for 2020 ."
Goldstorm Zone Section 111+00 NE
To view an enhanced version of this Goldstorm Zone Section 111+00 NE, please visit:
https://orders.newsfilecorp.com/files/4494/50902_goldstorm_11100ne_aucu2.pdf
Goldstorm Zone Section 112+50 NE
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4494/50902_goldstorm_11250ne_aucu2.pdf
Goldstorm Zone Section 114+00 NE
To view an enhanced version of Goldstorm Zone Section 114+00 NE, please visit:
https://orders.newsfilecorp.com/files/4494/50902_goldstorm_11400ne_aucu.2.pdf
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.
"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:
Catalin Kilofliski
Director Corporate Development and Communications
Tel. 604-559-8092
:
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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 and plans to establish mineral resource estimates. Generally, but not always, forward-looking
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"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 and planned exploration activities;
risks associated with the interpretation of data regarding the geology, grade and continuity of mineral deposits; the
uncertainty of the geology, grade and continuity of mineral deposits and the risk of unexpected variations in mineral
resources, grade and/or recovery rates; fluctuating gold and other metal 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.
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