Tudor Gold Discovers New High-Grade Gold Targets at Treaty Creek, Golden Triangle of British Columbia; Confirms the Potential for Adding High-Grade Gold Ounces by Drilling 13.89 g/t Gold Equivalent (AuEQ) over 6.30 Meters (M), 11.05 G/t AuEQ over 3.0 M and 8.09
Tudor Gold Discovers New High-Grade Gold
Targets at Treaty Creek, Golden Triangle of
British Columbia; Confirms the Potential for
Adding High-Grade Gold Ounces by Drilling
13.89 g/t Gold Equivalent (AuEQ) over 6.30
Meters (M), 11.05 G/t AuEQ over 3.0 M and 8.09
G/t AuEQ over 6.15 M Within Supercell-One
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2024) - Tudor Gold Corp.
(TSXV: TUD)
(FSE: H56)
(the “
Company
” or “
Tudor
”) is pleased to announce the results of the first four holes totaling
over 6,174 meters (m) of the planned 10,000-meter 2024 exploration program (the “
Program
”) at their
flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British
Columbia. The Company plans to successfully complete the Program within the northeastern part of the
Goldstorm Deposit by the end of the month.
The first four drill-holes reported in this release specifically targeted the
Supercell-One Zone
(
SC-1
)
which was identified earlier this year as representing
a significant potential economic target within and
expanding beyond the CS-600 Domain (see press releases dated
February 1
and
May 9, 2024
). The
results from the recent drilling strongly confirm this new discovery, characterizing a high-grade gold
system that falls within an area that currently measures up to 800 m in length by 400 m in depth, with
three sub-parallel structures that remain open in all directions and to depth.
Click the following links to:
watch a
video of President & CEO, Ken Konkin's interpretation of SC-1 Zone
;
view the 3D modeling of the Goldstorm Deposit and SC-1 Zone
:
https://vrify.com/decks/16581
view a
plan map and cross sections
of the drill results reported below.
SC-1 Drilling Highlights (2024)
:
Hole GS-24-181 intersected 3 separate high-grade intervals of the Supercell System
SC-1A; 9.02 g/t AuEQ over 2.00 m (8.97 g/t Au, 3.73 g/t Ag, 0.01% Cu);
and
SC-1B; 11.05 g/t AuEQ over 3.00 m
(8.28 g/t Au, 126.50 g/t Ag, 1.21% Cu);
and
SC-1C; 5.31 g/t AuEQ over 6.00 m (5.02 g/t Au, 3.32 g/t Ag, 0.21% Cu)
Hole GS-24-183-W1 intersected 3 separate high-grade intervals of the Supercell System:
SC-1A; 6.76 g/t AuEQ over 6.00m (6.44 g/t Au, 26.62 g/t Ag, 0.04% Cu)
; and
SC-1B; 13.89 g/t AuEQ over 6.30m (4.25 g/t Au, 224.59 g/t Ag, 5.96% Cu);
and
SC-1C; 5.12 g/t AuEQ over 9.00m (5.08 g/t Au, 1.24 g/t Ag, 0.02% Cu)
Hole GS-24-184 intersected the original Supercell-One, discovered in 2022, and now labelled as SC-
1C:
SC-1C; 8.09 g/t AuEQ over 6.15m (5.44 g/t Au, 63.77 g/t Ag, 1.62% Cu)
within a wider
structure of
3.54 g/t AuEQ over 19.65m
(1.96 g/t Au, 39.05 g/t Ag, 0.96% Cu)
Previous 2022 and 2023 drill results from Supercell-One that returned high-grade gold within
SC-1C:
GS-23-176-W1
:
SC-1C; 15.64 g/t AuEQ over 15.00 m (14.89 g/t Au, 4.72 g/t Ag, 0.60% Cu)
GS-22-134
:
SC-1C; 9.96 g/t AuEQ over 25.50 m (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu); including 20.86 g/t
AuEQ over 4.50 m (20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu)
GS-23-179:
SC-1C; 10.07 g/t AuEQ over 12.00 m (9.78 g/t Au, 1.35 g/t Ag, 0.23% Cu)
Ken Konkin, President and CEO, comments
: "We are very pleased to announce the discovery of
numerous sub-parallel high-grade gold composite lode systems. These quartz-breccia hydrothermal
structures may be related to the original Supercell-One complex (SC-1C). We now believe that at least
three limbs of similarly mineralized structures make-up the Supercell-One system, labelled SC-1A, SC-
1B and SC-1C. Our first drill hole of the year, GS-24-181 intersected visible native gold in the uppermost
limb (SC-1A) that appears to be sub-parallel to our original Supercell-One structure (SC-1C). This
uppermost structure returned
2.00
m of 9.02 g/t AuEQ (8.97 g/t Au, 3.73 g/t Ag, 0.01% Cu)
.
SC-1A is
also sub-parallel to a second deeper breccia intercept in the same drill hole that contained
3.00 m
grading 11.05 g/t AuEQ (8.28 g/t Au, 126.50 g/t Ag, 1.21% Cu),
labelled as SC-1B. The third
intercept of the Supercell complex within GS-24-181 contained
6.00 m grading 5.31 g/t AuEQ (5.02 g/t
Au, 3.32 g/t Ag, 0.21% Cu)
within SC-1C
.
The original discovery of the Supercell-One complex (SC-
1C) was from drill hole GS-22-134, which demonstrated
17 fine grains of visible gold over 4.5 m that
averaged
20.86 g/t AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu).
The significance of this discovery
was not realized until 2023 when drill holes GS-23-176-W1 and GS-23-179 intersected the same
structure. Based on these three intercepts, the priority of the 2024 drilling program shifted to expanding
the size of the Supercell-One complex. There are numerous structural similarities between our Supercell-
One system and that of the Valley of the Kings Deposit, owned and operated by Newmont Corporation,
at the Brucejack Mine to the immediate south of the Goldstorm Deposit.
Equally impressive, a second drill hole, GS-24-183-W1, also intersected high-grade gold and silver
values in three, sub-parallel, hydrothermal, quartz-stringer stockwork limbs. SC-1B had the best grades
of
13.89 g/t AuEQ over 6.30 m (4.25 g/t Au, 224.59 g/t Ag, 5.96% Cu).
This was a unique intercept
due to the strength of the silver and copper mineralization. This may represent a semi-massive sulphide
component, or pulse, to the Supercell-One system. We have witnessed this association in the earlier
years of exploration of the Goldstorm Deposit within similar structures. We are now examining historical
intercepts that contain gold values of greater than 4.0 g/t gold to assess the potential that these Supercell
structures may be originating from within the CS-600 Domain and extending outwards from that Domain
as a late-stage event. Our latest interpretation is that the Supercell-One system is a set of sub-parallel
composite-lode breccia stockworks that trend obliquely to the Goldstorm Deposit rather than simply a
singular parallel breccia system that occurs adjacent to the upper contact of the CS-600 Domain, as
previously thought. An enormous amount of economic potential exists for expanding the size of the
known three Supercell structures, as well as the possible discovery of additional gold-silver-copper
structures within the Goldstorm Deposit and peripheral to it. Among our highest priorities is the outlining
of two to three million ounces of high-grade gold within the Supercell-One complex; this would be a major
pivotal point for the Treaty Creek Project.
Additionally important has been the expansion, and conversion to Indicated category, of the higher AuEq
grades within the Inferred category of CS-600 and DS5 Domains, which stands at 6.03 million ounces of
1.25 g/t AuEq. The step-out drilling in 2024 has been very successful in continued expansion of both of
these domains, with impressive results from GS-24-184 including
147.75 m grading 1.17 g/t AuEQ
(0.71 g/t Au, 17.03 g/t Ag, 0.24% Cu) from the CS-600 Domain and 227.00 m of 1.22 g/t AuEQ
(1.17 g/t Au, 3.19 g/t Ag, 0.01% Cu) from the DS5 Domain.
Drilling continues at a very fast pace at
Treaty Creek and we look forward to providing more updates on the results as they become available."
Drilling Discussion
Section A
GS-24-181
: This hole was drilled to step out 150 m from previously drilled SC-1 mineralization, as
well as infilling CS-600 mineralization at depth. The hole intersected visible gold within an interval
of
2.00
m grading 9.02 g/t AuEQ (8.97 g/t Au, 3.73 g/t Ag, 0.01% Cu),
as well as
3.00 m
grading 11.05 g/t AuEQ (8.28 g/t Au, 126.50 g/t Ag, 1.21% Cu)
as part of a network of
subparallel brecciated SC-1 complex structures. The hole intersected a CS-600 intercept of
270.00 m grading 0.95 AuEQ (0.61 g/t Au, 2.28 g/t Ag, 0.26% Cu)
. The upper portions of this
CS-600 intercept contained an additional SC-1 sub-structure of
6.00 m grading 5.31 g/t AuEQ
(5.02 g/t Au, 3.32 g/t Ag, 0.21% Cu).
GS-24-183-W1
: This hole successfully intersected similar SC-1 structures along trend, 200-300m
down dip of GS-24-181 including
6.00 m grading 6.76 g/t AuEQ (6.44 g/t Au, 26.62 g/t Ag,
0.04% Cu)
and
6.30 m grading 13.89 g/t AuEQ (4.25 g/t Au, 224.59 g/t Ag, 5.96% Cu).
Additionally, a third SC-1 intercept occurs slightly up-dip of the CS-600 Domain with
9.00 m
grading 5.12 g/t AuEQ (5.08 g/t Au, 1.24 g/t Ag, 0.02% Cu),
followed by a CS-600 intercept of
90 m grading 0.81 g/t AuEQ (0.58 g/t Au, 3.48 g/t Ag, 0.15% Cu).
Section B
GS-24-182
: This hole was drilled to increase the drilling density in the CS-600 and DS5 Domains
where the current Mineral Resource Estimate is categorized as Inferred mineral resources. The
hole intersected mineralization associated with the CS-600 Domain that consisted of
276.00 m
grading 0.73 g/t AuEQ (0.31 g/t Au, 10.07 g/t Ag and 0.25% Cu)
and DS5 Domain
mineralization of
34.50 m of 1.06 g/t AuEQ (1.00 g/t Au, 3.45 g/t Ag and 0.02 % Cu).
GS-24-184:
This hole was targeted to achieve a 150 m eastward step out to the CS-600 Domain
and a 200 m eastward step out on the DS-5 Domain. The upper contact of the CS-600 Domain
contained an enriched portion interpreted as an additional SC-1 intercept of
6.15 m of 8.09 g/t
AuEQ (5.44 g/t Au, 63.77 g/t Ag, 1.62% Cu)
within a wider structure of
19.65 m grading 3.54 g/t
AuEQ (1.96 g/t Au, 39.05 g/t Ag, 0.96% Cu),
contributing to a complete CS-600 intercept of
147.75 m grading 1.17 g/t AuEQ (0.71 g/t Au, 17.03 g/t Ag, 0.24% Cu).
An underlying DS5
Domain interval of
227.00 m of 1.22 g/t AuEQ (1.17 g/t Au, 3.19 g/t Ag, 0.01% Cu)
contained an
enriched portion of
12.00 m grading 4.20 g/t AuEQ (4.13 g/t Au, 3.46 g/t Ag, 0.03% Cu).
Table 1: Drilling Results for Goldstorm Deposit in Press Release August 13, 2024
Section
Hole
Zone
From
To
Interval
Au
Ag
Cu
AuEQ
(m)
(m)
(m)
(g/t)
(g/t)
(%)
(g/t)
A
GS-24-181
SC-1A
810.00
812.00
2.00
8.97
3.73
0.01
9.02
SC-1B
886.50
889.50
3.00
8.28
126.50
1.21
11.05
CS 600
1089.00
1282.50
193.50
0.65
2.05
0.30
1.04
including
1089.00
1122.00
33.00
1.38
3.01
0.50
2.03
SC-1C
and inc.
1095.00
1101.00
6.00
5.02
3.32
0.21
5.31
CS 600
including
1218.00
1252.50
34.50
1.31
2.78
0.37
1.80
A
GS-24-183-W1
*
SC-1A
258.00
330.00
72.00
1.13
3.82
0.01
1.19
including
283.50
289.50
6.00
6.44
26.62
0.04
6.76
SC-1B
423.60
429.90
6.30
4.25
224.59
5.96
13.89
SC-1C
609.00
618.00
9.00
5.08
1.24
0.02
5.12
CS 600
712.50
802.50
90.00
0.58
3.48
0.15
0.81
including
751.50
778.50
27.00
0.87
6.85
0.21
1.20
B
GS-24-182
CS600
865.50
1141.50
276.00
0.31
10.07
0.25
0.73
including
865.50
1035.00
169.50
0.12
3.50
0.35
0.58
including
1026.00
1141.50
115.50
0.60
21.72
0.14
1.00
DS5
1299.00
1333.50
34.50
1.00
3.45
0.02
1.06
GS-24-184
CS600
934.60
1082.35
147.75
0.71
17.03
0.24
1.17
including
953.85
973.50
19.65
1.96
39.05
0.96
3.54
SC-1C
and inc.
953.85
960.00
6.15
5.44
63.77
1.62
8.09
DS5
1162.00
1389.00
227.00
1.17
3.19
0.01
1.22
including
1215.00
1227.00
12.00
4.13
3.46
0.03
4.20
Drillhole GS-24-183 was terminated early due to unfavorable deviation and restarted at a depth of 744 m as GS-24-183-W1
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 $1850/oz, Ag: $21/oz, Cu: $3.75/lb. Calculations used the
formula AuEQ = Au g/t + (Ag g/t*0.0100901) + (Cu ppm*0.0001236). 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 August 13, 2024
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
A
GS-24-181
428982
6274265
1462
217
-82
1479.00
GS-24-183
*
428982
6274265
1462
255
-75
990.00
GS-24-183-W1
428799.20
6274250.10
741.04
262.81
-75.37
939.00
B
GS-24-182
429306
6274219
1373
208
-63
1356.00
GS-24-184
429306
6274219
1373
215
-71
1410.00
Drillhole GS-24-183 was terminated early due to unfavorable deviation and restarted at a depth of 744 m as GS-24-183-W1
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 5, 2024 prepared by Garth Kirkham Geosystems and JDS Energy
& Mining Inc., the Goldstorm Deposit has an Indicated Mineral Resource of
27.87 million ounces (Moz)
of AuEQ grading 1.19 g/t AuEQ (21.66 Moz gold grading 0.92 g/t, 2.87 billion pounds (Blbs)
copper grading 0.18%,
128.73 Moz silver grading 5.48 g/t) and an Inferred Mineral Resource of
6.03 Moz of AuEQ grading 1.25 g/t AuEQ (4.88 Moz gold grading 1.01 g/t, 503.2 Mlb copper
grading 0.15%, 28.97 Moz silver grading 6.02 g/t), with a pit constrained cut-off of 0.7 g/t AuEQ
and an underground cut-off of 0.75 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 nested pulses of diorite intrusive stocks and hosts the majority of the copper mineralization
within the Goldstorm Deposit. CS-600 has an Indicated Mineral Resource of 15.65 Moz AuEQ grading
1.22 g/t AuEQ (9.99 Moz gold grading 0.78 g/t, 2.73 Blbs copper grading 0.31%, 73.47 Moz silver
grading 5.71 g/t) and an Inferred Mineral Resource of 2.86 Moz AuEQ grading 1.20 g/t AuEQ (1.87 Moz
gold grading 0.79 g/t, 475.6 Mlb copper grading 0.29%, 13.4 Moz silver grading 5.63 g/t). The
Goldstorm Deposit remains open in all directions and requires further exploration drilling to determine
the size and extent of the Deposit.
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
Vice President of Investor Relations and Corporate Development.
Phone: (604) 559 8092
E-Mail:
Or
Patrick Donnelly
Vice President of Capital Markets
Phone: (604) 559 8092
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.
Figure 1. Treaty Creek
Section Areas - Plan View
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Figure 2. Goldstorm Deposit
Section A
Viewing Northeast (065°), +/- 400 m
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