Tudor Gold Extends Gold Zone at Treaty Creek to Over One Kilometer
Tudor Gold Extends Gold Zone at Treaty Creek to Over
One Kilometer
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2017) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the
"Company" or "Tudor Gold") is pleased to report on the results of the first four holes of the Copper Belle zone and on the
completion of the resource delineation program for the Copper Belle zone of the Treaty Creek property.
The Copper Belle resource delineation drill program was completed with 27 holes to depths below 700 meters and with step
outs of 50 meters where it was possible.
Over 13,722 meters of drilling was completed in the Copper Belle zone in 2017.
CB-17-04, the first step-out hole drilled this year on the Copper Belle zone, intersected 176.2 meters of continuous
mineralization which returned 0.80 g/T Au from 152.1 to 328.5 meters depth.
Hole CB-17-04 was collared 40 meters north of
CB-16-03 where topography permitted.
Complete results are pending for the remaining 23 holes.
Drill results for the first four Copper Belle holes at Treaty Creek are summarized in the table below:
H
ole
-
I
D
F
rom (m)
T
o (m)
I
nterval (m)*
Au
(
g/T
)
Ag
(
g/T
)
Cu
(
%
)
CB-17-04
152.10
328.50
176.20
0.801
1.0
0.008
including
152.10
180.60
28.50
1.071
2.0
0.010
192.70
202.80
10.10
2.897
1.3
0.007
219.00
280.00
61.00
0.702
0.7
0.007
CB-17-05
98.20
102.30
4.10
0.926
2.3
0.012
CB-17-06
182.50
592.50
410.00
0.672
3.1
0.037
including
182.50
199.50
17.00
0.678
1.4
0.010
214.50
460.50
246.00
0.726
2.9
0.034
475.50
592.50
117.00
0.708
4.5
0.054
CB-17-07
161.00
530.00
369.00
0.686
2.4
0.032
including
203.00
246.50
43.50
1.810
11.88
0.142
507.50
530.00
22.50
1.494
3.7
0.036
* - True widths of the mineralization have not been determined.
Results from subsequent drill holes from the 2017 drill program at Copper Belle are still pending.
Drill holes targeted the
mineralized zone on Copper Belle and all holes to date have intersected long intervals of mineralization to depth.
Drill holes were
targeted oblique to the northwesterly plunge of the main mineralized zone.
The drill program was designed for approximately 50
meter step-outs across the mineralized zone to create a block of delineated mineralization for a preliminary resource estimate.
All drill holes were down hole surveyed at 25 m stations using a Reflex Multi-shot device.
The Copper Belle resource estimate will use data from 27 holes from 2017, three holes from 2016, 17 holes from 2009 and 10
holes from 2007, for a total of 22,970 meters drilled.
These drill holes cover an area of approximately 250 meters wide by a
kilometer long.
Copper Belle zone mineralization is open in all directions and to depth.
The HC drill program consisted of 17 drill holes totaling 5,401 meters that tested the mineralized stratabound structure for a
strike length of 400 meters and 400 meters down dip (still open at depth), and the vein system remains open to the north, south
and at depth.
The program was designed with a maximum of 50 meter step-outs in the mineralized zone to prepare for a
preliminary resource estimate in this area.
Assay results are pending for the remaining holes.
A location map of the drill plan is attached
or can be accessed on the company's website.
Copper Belle 2017 Drill Plan Map
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/29634_copperbelle2017drillplanmap.jpg
The Company is very pleased to report that the magnetotelluric geophysical survey program ("MT Survey") that was
implemented in 2016 has
been effectively utilized as a guide for the 2017 drill program.
The MT Survey suggests that the
mineralization continues to the south, toward the Iron Cap deposit of Seabridge Gold Inc.
The MT Survey also suggests that the
mineralized zone continues in all directions.
Tudor Gold's 2017 drill program is located five kilometers north of the Iron Cap
deposit and the Company intends to step out to the south in its 2018 program to see if it can determine a relationship between
the two areas.
Walter Storm, President and CEO, stated: "We are very pleased with these early drill results at Copper Belle because they
demonstrate both grade, continuity and the immense size of this pervasively mineralized system.
Two major faults control the
mineralization which strikes southwest-northeast and dips to the northwest.
Our exploration team is effectively following the
mineralization using 50 meter step-outs, which will help ensure we have the data density for our planned mineral resource
estimates."
Drill hole samples were assayed by Activation Laboratories Ltd. in Kamloops, 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.
Activation Laboratories quality system complies with the requirements for the International
Standards ISO 17025: 2005.
The Qualified Person for the Treaty Creek results in this new release is James McCrea, P.Geo. for the purposes of National
Instrument 43-101.
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 significant explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines
and several large deposits that are approaching potential development. The Company has a 60% interest in both the Electrum
and Treaty Creek properties, and a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North
properties, all of which are located in the Golden Triangle area.
"Walter Storm"
Walter Storm
President and Chief Executive Officer
For further
information, please visit the C
ompany's website at
www.tudor-gold.com
or contact:
CHF Capital Markets
Cathy Hume
CEO
Tel: 416-868-1079 x 231
Email:
Or
Aris Morfopoulos
Chief Financial Officer and Corporate Secretary
Tel: 604-721-2650
Email:
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated"
and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking
information and are based on the Company's current belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially.
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
at Treaty Creek
, 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. 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.
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.