Tudor Gold Increases Exploration Efforts with Eight Drills at Their Flagship Treaty Creek Property Located in Northwestern, BC
Tudor Gold Increases Exploration Efforts with
Eight Drills at Their Flagship Treaty Creek
Property Located in Northwestern, BC
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2022) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to announce that exploration efforts have doubled
for Phase l of the 2022 exploration program (the "
Program
") at their flagship property, Treaty Creek,
located in the heart of the Golden Triangle of Northwestern British Columbia. The fully funded Program
consists of a 30,000 metre (m) diamond drilling campaign that has been developed to systematically
test the extension of the Goldstorm Deposit well beyond the limits that were outlined in the 2021 Mineral
Resource Estimate
(
Tudor Gold press release dated March 9, 2021
:
reported a Measured and
Indicated Mineral Resource of 19.41 million ounces of AuEq grading 0.74 g/t AuEq and an
Inferred Mineral Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq).
In addition,
exploration diamond drilling will focus on the Calm Before the Storm (CBS) and the Eureka zones (EZ or
Eureka).
During the past two weeks, Tudor's crews have mobilized four more drill rigs to the site from the winter
route via the Brucejack Access Road. Our drill contractors now have eight drill rigs working on three
targets. Six drill rigs have commenced drilling the northern aspects of the Goldstorm Deposit as step-out
exploration holes. One rig has been drilling at CBS as follow-up on last year's newly discovered gold-
silver system, located 2.5 kilometres northeast of the Goldstorm Deposit. Additionally, crews have begun
drilling the Eureka Zone located 800 meters southeast of the Goldstorm Deposit (
Figure 1
).
Ken Konkin, President and CEO
, comments, "The start-up of 2022 exploration campaign has been a
huge success. We are well ahead of schedule starting the step-out exploration drill holes in the northern
aspects to the Goldstorm Deposit as well as initiating drill programs at CBS and Eureka.
Additionally,
we plan to complete a high-resolution aeromagnetic survey over our Treaty Creek and Crown claims with
Terraquest Geophysics. A total of 1,600-line kilometres are expected to be flown during the next few
days. This will serve as a vital mapping tool to aid continued exploration efforts throughout both
properties. In addition to exploration, Tudor plans to construct an exploration access road that will
connect our Lower Camp to our weather station area located 3.5 kilometers east of that camp. This
route will eventually tie into the permitted access road that Seabridge Gold (Seabridge) is currently
constructing from the Highway 37 junction at Glacier Creek. This will provide an all-weather road access
to our project once completed. Seabridge has already completed the bridge construction for the Bell
Irving River crossing at Glacier Creek.
"Our engagement efforts with local First Nations continue to develop. We have initiated contact with
Nisga'a First Nations, and we have pledged follow-up meetings to ensure clear communication as the
project evolves. Earlier in the year, Tudors' geologists and geotechicians held an informal Core
Processing Workshop as an Open-Invite for the Tahltan community members in Dease Lake. It was a
successful three-day session that included geotechnical procedures, QA/QC protocols as well core
sampling and shipping procedures. We plan to continue to host these workshops in communities
interested in gaining employment in the exploration sector. For many of those who attended, this was an
excellent introduction to one small aspect of exploration. We are committed to include all First Nations
including Tahltan, Skii Km Lax Ha and Nisga'a as part of our engagement process and we will continue
to encourage participation with our future workshops to provide employment opportunities and public
awareness to our industry sector."
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.
About Tudor Gold
TUDOR GOLD Corp. is a precious and base metals exploration and development company with
properties 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 Newcrest Mining Limited's Brucejack property to the
southeast. In April 2021 Tudor published their 43-101 technical report, "Technical Report and Initial
Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British
Columbia Canada" dated March 1, 2021, on the Company's Sedar profile. The Company also has a
100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the
Golden Triangle area.
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 Creak Drill Plan
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