Tudor Gold Infill Drilling Confirms Excellent Continuity of Mineral Domains, with a Near- Surface Intercept of 1.09 g/t Gold Eq over 476.1 m (GS-21-124 300H) and 1.22 g/t Gold Eq over 355.15 m (GS-21-122 CS600) Including
Tudor Gold Infill Drilling Confirms Excellent
Continuity of Mineral Domains, with a Near-
Surface Intercept of 1.09 g/t Gold Eq over
476.1 m (GS-21-124 300H) and 1.22 g/t Gold Eq
over 355.15 m (GS-21-122 CS600) Including
1.45 g/t Gold Eq over 247.5 m
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2021) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: TUC
) (the "
Company
" or "
Tudor Gold"
) is pleased to present the most recent drill results from
the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit at
their flagship property, Treaty Creek (the
"Project"
), located within the Golden Triangle of Northwest
British Columbia.
Included in this press release are the results of four diamond drill holes that were completed at the
Goldstorm Deposit along two sections (112+00 NE and 115+00 NE), 300 metres apart. These results
demonstrate the excellent continuity of precious and base-metal mineralization that has been measured
throughout the Goldstorm deposit and provides increased drill hole density for future resource
determinations. The Copper Belle-Goldstorm Deposit (CB-GS) currently hosts a
1
*NI 43-101
compliant
Measured and Indicated Mineral Resource of 19.4 million ounces of AuEq grading 0.74 g/t AuEq and an
Inferred Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq (see Tudor Gold press release
dated March 9, 2021
).
Goldstorm Drilling Highlights Include:
SECTION 115+00 NE
GS-21-122
provided closer hole spacing between previous intercepts of the deep, northwest
extension of the CS600 domain. The hole averaged
0.65 g/t AuEq over 1,035.0 m,
which
included both the 300H and CS600 domains.
GS-21-122
encountered consistent gold and copper mineralization within the CS600 domain that
returned
1.22 g/t AuEq (0.65 g/t Au and 0.45 % Cu) over 355.15 m
, including an enriched
portion that averaged
1.45 g/t AuEq (0.79 g/t Au and 0.53 % Cu) over 247.5 m.
GS-21-122
ended at 1375 m in gold mineralization, which may have been the start of the DS5
domain. The drill had reached its' maximum depth capacity.
GS-21-126
, stepping out to the southeast, was stopped before the target due to drilling issues.
This hole will be re-drilled in 2022.
SECTION 112+00 NE
GS-21-123
was designed to provide infill resource definition for the center of the CS600 domain.
Unfortunately, this hole was not completed to the target depth and ended in mineralization. A
portion of the CS600 domain was intersected, which
averaged 1.22 g/t AuEq (0.61 g/t Au and
0.45 % Cu) over 38.8 m
at the end of the hole.
The upper portion of
GS-21-123
intersected consistent gold mineralization within the 300H domain
with
0.90 g/t AuEq over 201.0 m
that contained an enriched zone that graded
1.31 g/t AuEq
over 49.9 m
near the center of 300H domain.
GS-21-124
cut an intercept of the 300H domain that infilled and defined the deposit to the
northwest just beneath the TTF1 thrust fault. This hole averaged
0.75 g/t AuEq over 1,089.0 m
.
A Near-surface
, enriched section of 300H was encountered in
GS-21-124,
grading
1.50 g/t
AuEq over 126.0 m, within a 476.1 m interval that averaged
1.09 g/t AuEq.
Tudor Gold's Vice President of Exploration and Project Development, Ken Konkin, P.Geo.,
states:
"We are pleased to report that the resource definition-drilling of the Goldstorm Deposit was a
great success. In addition to expanding the limits of the precious and base-metal mineralization to the
northwest, north and northeast, we were able to infill gaps in the resource model with carefully placed drill
holes that were designed to add gold-equivalent ounces to the measured and drill indicated categories.
In addition, these results demonstrate the strong consistency of the gold-copper mineralization between
holes
GS-21-122 and GS-21-124 that are approximately 500 meters apart; the overall results are
very comparable: GS-21-122 averaged 0.65 g/t AuEq over 1,035 meters while GS-21-124
averaged 0.75 g/t AuEq over 1,089 meters
. We expect to complete the final sections for the last four
drill holes and combine this with our final surface sampling results for our next press release."
The complete list of these reported composited drilling results for Goldstorm, as well as the drill hole
data, including hole location, elevation, depth, dip and azimuth, are provided in Table 1 and Table 2,
respectively. Please click on the following link to view:
Plan Map and Cross Sections for the drilling and
surface samples reported in this news release
.
Table 1: Drilling Results Goldstorm in Press Release December 15, 2021
Section
Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (ppm)
AuEQ (g/t)
115+00 NE
GS-21-122
193.00
1228.00
1035.00
0.42
2.39
1687
0.65
Including (300H)
193.00
346.00
153.00
0.61
3.37
111
0.66
And including (CS600)
872.85
1228.00
355.15
0.65
3.69
4453
1.22
With
916.00
1163.50
247.50
0.79
3.10
5282
1.45
115+00 NE
GS-21-126
(1)
NSV
112+00 NE
GS-21-123
(2)
135.50
878.00
742.50
0.46
2.16
500
0.54
Including (300H)
270.50
471.50
201.00
0.84
2.75
170
0.90
With
271.60
321.50
49.90
1.25
3.39
157
1.31
And (CS600)
839.20
878.00
38.80
0.61
7.51
4461
1.22
112+00 NE
GS-21-124
(3)
33.00
1122.00
1089.00
0.69
3.18
195
0.75
Including (300H)
33.00
509.10
476.10
1.02
3.68
225
1.09
With
378.00
504.00
126.00
1.42
3.62
311
1.50
(1)
Hole ended prior to reaching target mineralization; no significant values (NSV).
(2)
Hole ended in mineralization, shut down before reaching target depth due weather conditions.
(3)
Hole ended in mineralization, shut down due to drilling issues.
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 $1625/oz, Ag: $19/oz, Cu: $2.8/lb. Calculations used the
formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.01169) + (Cu% x 1.1815). 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 2: Drill data for holes in Press Release December 15, 2021
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
115+00 NE
GS-21-122
428804.9
6273270.2
1326.1
285
-62
1375
115+00 NE
GS-21-126
429104.7
6273040.3
1226.8
295
-85
318.7
112+00 NE
GS-21-123
428658.3
6273196.9
1369.5
220
-75
878
112+00 NE
GS-21-124
428548.3
6272852.6
1260.0
310
-45
1122
The Company wishes to announce, that under section 182(4) of the Business Corporations Act, the
Registrar of Companies has allowed Tudor to extend the time within which they are required to hold their
AGM for the year 2021 by six (6) months from December 31, 2021 to June 30, 2022.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's Vice President of Exploration and 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.
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 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 Pretium Resources Inc.'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.
"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:
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.
Goldstorm Section Areas - Plan View
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/107653_tudorfigure1.jpg
Section 115+00 NE Viewing Northeast
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/107653_tudorfigure2.jpg
Section 112+00 NE Viewing Northeast
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/107653_tudorfigure3.jpg
1
* In April 2021 Tudor published a NI 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/107653