Tudor Gold Discovers a Significant New Gold- Silver-Copper Mineralized System at the Perfectstorm (PSZ) at Treaty Creek as well as Expands the Goldstorm Mineralization Along the Northeast Axis to 1100 meters Drill Hole GS-20-73 Expands the 300 Horizon with a 229.5 meter Intercept Averaging 1.506 gpt
Tudor Gold Discovers a Significant New Gold-
Silver-Copper Mineralized System at the
Perfectstorm (PSZ) at Treaty Creek as well as
Expands the Goldstorm Mineralization Along
the Northeast Axis to 1100 meters
Drill Hole GS-20-73 Expands the 300 Horizon with a 229.5 meter Intercept Averaging 1.506 gpt
AuEq Within a 775.5 meter Interval Averaging 0.932 gpt AuEq
Drill Hole GS-20-66 Expands the CS-600 System 100 metres to the Southeast with a 75 meter
Intercept Averaging 2.150 gpt AuEq
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) -
Tudor Gold Corp. (TSXV: TUD)
(FSE: TUC) (the "
Company
" or "
Tudor Gold
") is pleased to announce that it has completed the third
set of diamond drill holes at their flagship property, Treaty Creek located in the heart of the Golden
Triangle of Northwestern British Columbia. Diamond drilling is progressing very well with six diamond
drill rigs currently working on the Goldstorm Zone which is on-trend from Seabridges' KSM Project to the
southwest.
Three drill holes have intersected the newly discovered gold-dominant
PSZ System
located
approximately 2 kilometers southwest of the Goldstorm Zone. These diamond drill holes targeted a 1.5
kilometer-wide geophysical anomaly (magnetometer high). Tudor Gold has discovered this new thrust-
hosted porphyry-style gold-copper-silver bearing system on trend, and approximately 4 km northeast
from Seabridges' Iron Cap Deposit, which is located at the southwestern boundary of the Tudor Claim
block.
Furthermore, diamond drilling on the Goldstorm System has successfully expanded the mineralization to
the northeast, southwest and southeast as well to depth. The Goldstorm System 300 Horizon has now
been traced for 1100 meters along the northeast axis.
Goldstorm Drilling Highlights include:
Five diamond drill holes are reported from Goldstorm, all having hit their intended targets
with favorable results listed in Table l.
The best intercept was from drill hole GS-20-73 on Section 110+00 NE that cut
775.5
metres (29.0m to 804.5 m) averaging 0.932 gpt AuEq containing an enriched portion that
averaged 1.506 gpt AuEq over 229.5 meters ( 519.5m to 749.0 m). This was a southwest
offset to drill hole GS-20-57 that averaged 1.40 gpt AuEq over 217.5 meters (544.5 to 762.0
meters) within an overall composite averaging 0.845 gpt AuEq over 973.05m (34.50 to
1007.55 meters). (GS-20-57 was collared on Section 110+00 but deviated drastically to the
northeast and the lower portion plotted on Section 111+00 NE leaving a gap in the drill
model which GS-20-73 has now filled).
A second longer intercept from GS-20-73 includes material that averaged 0.828 gpt AuEq
from a 949.5 meter intercept (29.0 to 978.5 meters) but the hole was abandoned at 980
meters due to safety concerns with the drill platform so hole GS-20-73 WAS STOPPED IN
MINERALIZATION. However, the results from entire hole composites are extremely
consistent between GS-20-57 (0.845 gpt AuEq over 973.05 meters) and GS-20-73 (0.827
gpt AuEq over 949.5 meters).
Drill hole GS-20-73 is undercut by GS-20-65; a remarkable 348 meter intercept of 2.120 gpt
AuEq within a larger 930 meter intercept of 1.161 gpt AuEq (Press Release July 27th,
2020), which is currently the best intercept on the project to-date.
Tudor expanded the CS-600 Zone 100m to the southeast on Section 109+00 NE with a 75
meter intercept averaging 2.150 gpt AuEq in hole GS-20-66.
GS-20-67 on Section 114+00 NE deviated drastically to the north thereby extending the
length of the northeast axis of the 300 Horizon to 1100 meters. This hole also ended in
mineralization with the last 15 meters (1325m to 1340m) averaging 0.905 gpt AuEq within
a strong quartz stockwork zone similar to the DS-5 stockwork system found at the
bottom of GS-19-47 (243 meters averaging 0.996 gpt AuEq).
See Section 114+00 NE
attached below.
Notable increase to silver grades occurred within GS-20-73
.
A 78 meter intercept (534.5m
to 612.5m) had elevated silver grades averaging 26.3 gpt Ag associated with 1.588 gpt
gold.
Tudor Gold's Vice President of Project Development, Ken Konkin, P.Geo., states:
"We are very
pleased to have intersected significant gold-copper-silver porphyry-related mineralization within a large
magnetic anomaly called Perfectstorm (PSZ). This magnetic anomaly is located along a relatively evenly
spaced frequency of large deposits following the Treaty-Sulphuretes Thrust Fault, approximately mid-way
between the Iron Cap Deposit to the southwest and our Goldstorm System to the northeast. Results
obtained from PS-20-01 and PS-20-02 on Section 89+00 NE demonstrate the consistency within these
two drill holes completed off the same drill pad. PS-20-01 intersected 0.594 gpt AuEq over 133.5
meters while PS-20-02 intersected 151 meters of 0.621 gpt AuEq. The third PSZ System drill hole was
a 300 meter step-out to the southwest and this hole (PS-20-03) intersected 220.5 meters of 0.402 gpt
AuEq on Section 86+00 NE. The results suggest that the system is open to expansion to the southwest
and to the northwest. The exploration target area is at least 1.5 kilometers long and 500-800 meters
wide. We are very excited to see the results confirming that large mineralized polymetallic systems occur
at a predictable frequency along the Sulphuretes-Treaty Thrust Fault belt.
We are planning an aggressive
diamond drill-hole program for 2021 to further expand the limits of the PSZ System's potential
mineralization, searching for the center of the metal pile as we have successfully done with the
Goldstorm System."
The two tables below provide the complete list of composite results from the eight drill holes reported, as
well as the drill hole data including hole location, elevation, depth, dip and azimuth. Perfectstorm
Sections 86+00 NE and 89+00 NE with Goldstorm Sections 109+00 NE, 110+00 NE and 114+00 NE
are attached below along with corresponding plan maps (also available on the Company's website).
Table l
Gold equivalent composite values from five Goldstorm Zone holes and three PSZ drill holes.
Section
HOLE
Horizon
From
To
Interval
(m)
Au
(gpt)
Ag
(gpt)
Cu
(ppm)
AuEq
(gpt)
109+00 NE
GS-20-66
300H+CS600
6.0
529.5
523.5
0.673
1.86
425
0.758
109+00 NE
GS-20-66
including
300H
7.5
156.5
149.0
0.941
3.29
190
1.008
109+00 NE
GS-20-66
including CS-
600
454.5
529.5
75.0
2.075
1.87
352
2.150
109+00 NE
GS-20-68
300
4.85
798.0
793.15
0.521
1.73
127
0.561
109+00 NE
GS-20-68
including
300H
4.85
62.0
57.15
1.026
1.11
60
1.048
109+00 NE
GS-20-68
&
including
300H
221.0
536.0
315.0
0.744
1.82
135
0.785
109+00 NE
GS-20-72
300H
4.5
730.5
726.0
0.475
1.53
97
0.507
110+00 NE
GS-20-73
330H
29.0
804.5
775.5
0.842
5.47
160
0.932
110+00 NE
GS-20-73
or 330H
29.0
978.5
949.5
0.749
4.67
152
0.828
110+00 NE
GS-20-73
including
29.0
80.0
51.0
1.276
6.52
168
1.379
110+00 NE
GS-20-73
& including
519.5
749.0
229.5
1.338
11.94
170
1.506
114+00 NE
GS-20-67
300H
62.0
68.0
6.0
1.799
0.88
100
1.824
114+00 NE
GS-20-67
and 300H
126.5
908.0
781.5
0.486
2.99
238
0.557
114+00 NE
GS-20-67
including
300H
321.5
591.5
270.0
0.618
5.20
492
0.754
114+00 NE
GS-20-67
and 300
1325.0
1340.0
15.0
0.860
1.64
175
0.905
89+00 NE
PS-20-01
Main
240.0
373.5
133.5
0.483
2.75
527
0.594
89+00 NE
PS-20-01
including
240.0
320.5
80.5
0.573
4.11
775
0.737
89+00 NE
PS-20-02
Main
265.5
416.5
151.0
0.514
3.16
469
0.621
89+00 NE
PS-20-02
including
300.5
350
49.5
0.781
6.71
648
0.957
86+00 NE
PS-20-03
Main
152.0
372.5
220.5
0.293
1.78
591
0.402
86+00 NE
PS-20-03
including
Upper
152.0
171.5
19.5
0.885
0.82
160
0.919
86+00 NE
PS-20-03
including
Lower
348.5
371
22.5
0.846
3.73
340
0.942
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 $1322/oz, Ag:
$15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) +
(Cu% x 1.4835). 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 lI Drill Hole Data
Table lI
To view an enhanced version of Table II, please visit:
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Walter Storm, President and CEO
,
stated
: "We are delighted to see continued success from the
Treaty Creek drill program. Not only are we getting excellent results from all the drill holes completed this
year, we have also discovered a new mineralized system at Perfectstorm. This demonstrates the
remarkable potential that our flagship property holds. However, we must now focus all our exploration
efforts on completing the drilling at Goldstorm. We intend to continue our 150 meter step-outs to the
northeast on Section 115+50 NE as well as expand the drilling to the southeast and northwest along
Sections 110+00 NE, 111+00 NE, 112+50 NE and 114+00 NE. The Goldstorm System remains open in
all directions and at depth."
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 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.
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 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 100% 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
Email:
or
Carsten Ringler
Manager Investor Relations
Phone: +49 1726918274
E-Mail:
Figure 1
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Figure 2
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Figure 3
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Figure 4
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