Tudor Gold Discovers New Gold System at the Perfectstorm Zone, Treaty Creek Gold-Copper- Silver Project; Drills 102.15 m of 1.28 g/t AuEQ in Drill Hole PS-23-10 Including 42.5 m of 1.87 g/t AuEQ
Tudor Gold Discovers New Gold System at the
Perfectstorm Zone, Treaty Creek Gold-Copper-
Silver Project; Drills 102.15 m of 1.28 g/t AuEQ
in Drill Hole PS-23-10 Including 42.5 m of 1.87
g/t AuEQ
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: H56
) (the "
Company
" or "
Tudor Gold
") is pleased to present the fourth set of drill results for the
2023 exploration program (the "
Program
") at their flagship property, Treaty Creek, located in the heart
of the Golden Triangle of Northwestern British Columbia.
The Company has safely and successfully completed the 2023 drilling program with a total of 31,904
meters (m) drilled within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone. The
assay results reported in this release are from six drill holes that targeted both the southwestern and the
northeastern areas of the Perfectstorm Zone (PSZ) located approximately 1500 m apart. Click to view
plan map and cross sections
.
Ken Konkin, President and CEO
, comments: "Tudor Gold's technical team has done an outstanding
job with this year's drill program at Treaty Creek. Not only have we significantly expanded the known
boundaries of the Goldstorm Deposit, but we have also successfully confirmed the existence of the
Perfectstorm System with holes that are spaced over a distance of 1,500 meters. We believe that we
have intersected the upper extremity of yet another porphyry system that lies approximately two
kilometres southwest of our Goldstorm Au-Cu-Ag Deposit. Typically, copper mineralization is
encountered deeper within the known deposits along the Sulphurets-Treaty Thrust Fault trend. Our
intersections reported in this news release occur much higher in elevation than the copper-rich zones
encountered at Goldstorm. We have observed gold and silver-dominant mineralization in the uppermost
parts of the southwestern holes of the Perfectstorm System with copper mineralization occurring in the
deeper parts of the northeastern holes. Our current geological interpretation is that the system lies
peripheral to the intense magnetic anomaly that has been detected under the Treaty Glacier to the
southeast of the drill holes. Previous drilling undertaken between the two areas reported in this news
release may have been on the periphery of stronger mineralization, such as that which we discovered in
drill hole PS-23-10. Previous holes were oriented to the northwest, whereas those holes drilled this year
in the opposite direction have revealed wider and more strongly mineralized intervals, such as 1.28 g/t
AuEQ (1.23 g/t Au, 3.43 g/t Ag, 0.01 % Cu) over 102.15 meters in PS-23-10. The upper 42.5 meters of
this intercept yielded 1.87 g/t AuEQ (1.80 g/t Au, 5.76 g/t Ag, 0.02 % Cu). The Perfectstorm system adds
a new dimension to the geological potential of the Treaty Creek Project with the addition of yet another
bulk-tonnage Au-Cu-Ag target. Included in the impressive intercepts were some high-grade gold-silver
veins that are interpreted as late-stage overprinted mineralization, similar to that observed at the
Goldstorm Deposit throughout the 300H and CS-600 domains. Grades as high as 444.0 g/t silver and
24.7 g/t gold were intersected over 1.5 m intervals within holes PS-23-07 and PS-23-10 respectively.
We are very excited in our anticipation of yet another potentially massive bulk tonnage Au-Cu-Ag system,
with high-grade Au-Ag overprinting, on our exploration horizon."
Section A (Northeast PSZ)
PS-23-11:
Drilled on section with the original 2020 PSZ drill holes, PS-20-01 and PS-20-02, to
explore the down dip projection of the open mineralized trend. A new gold-bearing zone was
intersected near surface returning
136.0 m of 0.71 g/t AuEQ (0.69 g/t Au, 1.26 g/t Ag)
, that
included
23.4 m of 1.75 g/t AuEQ (1.74 g/t Au, 0.90 g/t Ag),
as well as
20.1 m of 1.34 g/t AuEQ
(1.30 g/t Au, 4.21 g/t Ag)
. Further downhole, porphyry mineralization that had been observed in
the 2020 holes was encountered, extending the lower zone 200 m to the northwest with an interval
of
138.95 m of 0.52 g/t AuEQ (0.43 g/t Au, 4.99 g/t Ag, 0.04 % Cu)
.
PS-23-12:
Drilled in the opposite direction along the same section line to continue exploring the
lower porphyry gold-silver-copper zone. This hole intersected
122.0 m of 0.71 g/t AuEQ (0.61 g/t
Au, 2.96 g/t Ag, 0.06 % Cu)
, including an enriched interval of
10.5 m of 3.07 g/t AuEQ (2.63 g/t
Au, 3.68 g/t Ag, 0.34 % Cu)
. This intercept is located 150 m to the southeast from the 2020 drill
holes and expands the lower NE PSZ mineralization to a drilled length of 500 m.
Section B (Southwest PSZ)
PS-23-07:
Drilled as a 400 m step-out from 2021 PSZ drill hole PS-21-06, to continue exploring
and expanding the system to the southwest. This drill hole intersected intermittent mineralized
quartz-carbonate veins in the upper part, followed by a
27.0 m
wide mineralized shear zone, from
541.0 to 568.0 m down hole, which assayed
1.34 g/t AuEQ (1.02 g/t Au, 30.13 g/t Ag, 0.02 %
Cu). One 1.5 m sample returned 444.0 g/t Ag with native silver observed in the drill core
.
PS-23-08:
Drilled on the same section to explore to the northwest and to define the stratigraphy
and structures of the area. This drill hole intersected multiple mineralized vein zones, two of which
returned
15.0 m of 1.19 g/t AuEQ (1.15 g/t Au, 2.83 g/t Au, 0.02 % Cu)
, and
9.0 m of 0.93 g/t
AuEQ (0.90 g/t Au, 1.66 g/t Ag, 0.01 % Cu)
at a shallow depth of 154.5 m down hole.
PS-23-09:
Drilled to further define the vein zones and structures observed in hole PS-23-08.
Multiple mineralized zones were intersected, including
18.0 m of 0.98 g/t AuEQ (0.96 g/t Au, 1.84
g/t Ag, 0.01 % Cu)
, and
33.0 m of 0.77 g/t AuEQ (0.74 g/t Au, 1.63 g/t Ag, 0.01 % Cu)
.
PS-23-10:
Drilled at a relatively shallow dip to the south to explore for extension of the mineralized
zone encountered in drill hole PS-23-07. This hole intersected
102.15 m of 1.28 g/t AuEQ (1.23
g/t Au, 3.43 g/t Ag, 0.01 % Cu)
including two enriched zones comprising
42.5 m of 1.87 g/t
AuEQ (1.80 g/t Au, 5.76 g/t Ag, 0.02 % Cu), and 25.5 m of 1.60 g/t AuEQ (1.58 g/t Au, 1.81 g/t
Ag, 0.01 % Cu)
. Further downhole a high-grade vein zone was intersected and returned
1.5 m of
24.70 g/t gold
. These results are the highest gold grades seen at PSZ to date and they are
located between the Goldstorm Deposit, 3 km to the northeast, and Seabridge Gold's Iron-Cap
Deposit, 2.5 km to the southwest.
Table 1: Drilling Results for Perfectstorm Zone in Press Release October 31, 2023
Section
Hole
Zone
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (%)
AuEQ (g/t)
SW PSZ
PS-23-07
118.00
130.00
12.00
0.78
1.36
0.01
0.81
And
430.00
445.00
15.00
1.00
4.61
0.01
1.06
And
541.00
568.00
27.00
1.02
30.13
0.02
1.34
Including
556.00
557.50
1.50
4.85
444.00
0.02
9.25
PS-23-08
154.50
169.50
15.00
1.15
2.83
0.01
1.19
And
192.00
201.00
9.00
0.90
1.66
0.01
0.93
And
340.50
373.50
33.00
0.50
7.37
0.04
0.62
PS-23-09
237.00
255.00
18.00
0.96
1.84
0
0.98
And
342.00
375.00
33.00
0.74
1.63
0.01
0.77
Including
342.00
348.00
6.00
2.18
2.69
0.01
2.22
And
411.00
418.50
7.50
1.40
33.02
0.15
1.90
Including
415.50
417.00
1.50
3.78
99.14
0.24
5.04
PS-23-10
334.00
435.00
102.15
1.23
3.43
0.01
1.28
Including
334.00
376.50
42.50
1.80
5.76
0.02
1.87
Including
335.00
336.50
1.50
22.20
46.81
0.04
22.70
and including
406.50
432.00
25.50
1.58
1.81
0.01
1.60
And
610.50
612.00
1.50
24.70
0.87
0
24.71
NE PSZ
PS-23-11
101.00
237.00
136.00
0.69
1.26
0
0.71
Including
101.00
124.40
23.40
1.74
0.90
0
1.75
Including
111.00
115.63
4.63
5.47
1.89
0
5.49
and including
205.50
225.60
20.10
1.30
4.21
0
1.34
And
390.50
529.45
138.95
0.43
4.99
0.04
0.52
Including
408.90
438.00
29.10
0.38
4.33
0.11
0.55
and including
472.50
489.75
17.25
0.73
13.43
0.04
0.92
PS-23-12
228.00
350.00
122.00
0.61
2.96
0.06
0.71
Including
232.50
308.60
76.10
0.77
4.12
0.08
0.91
Including
232.50
243.00
10.50
2.63
3.68
0.34
3.07
Including
237.00
238.50
1.50
15.10
10.25
0.32
15.58
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 1.5 m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1800/oz, Ag: $20/oz, Cu: $3.5/lb. Calculations used the
formula AuEQ = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185). All metals are reported in USD and calculations consider recoveries of
90 % for gold, 80 % for copper, and 80 % for silver.
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 October 31, 2023
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (°)
Dip (°)
Depth (m)
SW PSZ
PS-23-07
426019.9
6270422.8
1764.7
320
-88
726
PS-23-08
426019.2
6270423.0
1764.6
320
-60
507
PS-23-09
426018.6
6270422.2
1764.5
290
-60
600
PS-23-10
426021.6
6270417.6
1764.2
170
-60
666
NE PSZ
PS-23-11
427438.0
6271029.0
1500.8
295
-50
654
PS-23-12
427439.1
6271029.7
1500.8
110
-60
483
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's President and CEO, 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
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 Treaty Creek
The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry
system, as well as several other mineralized zones. As disclosed in the
"NI-43-101 Technical Report for
the Treaty Creek Project", dated April 28, 2023 prepared by Garth Kirkham Geosystems and JDS
Energy & Mining Inc., the Goldstorm Deposit has an
Indicated Mineral Resource
of
23.37 Moz of
AuEQ grading 1.13 g/t AuEQ (18.75 Moz gold grading 0.91 g/t, 2.18 Blbs copper grading 0.15 %,
112.4 Moz silver grading 5.45 g/t)
and an
Inferred Mineral Resource
of
7.35 Moz of AuEQ grading
0.98 g/t AuEQ (5.54 Moz gold grading 0.74 g/t, 0.85 Blb copper grading 0.16 %, 45.08 Moz silver
grading 5.99 g/t)
, with a pit constrained cut-off of 0.5 g/t AuEQ and an underground cut-off of 0.7 g/t
AuEQ. The Goldstorm Deposit has been categorized into three dominant mineral domains and several
smaller mineral domains. The CS-600 Domain largely consists of an intermediate intrusive stock and
hosts the majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated
Mineral Resource of 9.86 Moz AuEQ grading 1.10 g/t AuEQ (6.22 Moz gold grading 0.70 g/t, 1.98 Blbs
copper grading 0.32 %, 51.1 Moz silver grading 5.71 g/t) and an Inferred Mineral Resource of 3.71 Moz
AuEQ grading 1.19 g/t AuEQ (2.32 Moz gold grading 0.75 g/t, 0.76 Blb copper grading 0.36 %, 18.71
Moz silver grading 6.01 g/t). The Goldstorm Deposit remains open in all directions and requires further
exploration drilling to determine the size and extent of the deposit.
1
AuEQ = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)
About Tudor Gold
TUDOR GOLD CORP. is a precious and base metals exploration and development company with
claims 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 Newmont Corporation's Brucejack property to the southeast.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
"Ken Konkin"
Ken Konkin
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 Project - Plan View
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Perfectstorm Zone Section Areas - Plan View
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NE PerfectStorm Zone - Section A
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SW Perfectstorm Zone - Section B
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/185682