Tudor Gold Intersects 1.91 g/t Gold Eq over 85.4 Meters in Step-Out Hole GS-21-125 and Significantly Extends Gold-Copper Mineralization of the Goldstorm Deposit to the Northeast
Tudor Gold Intersects 1.91 g/t Gold Eq over
85.4 Meters in Step-Out Hole GS-21-125 and
Significantly Extends Gold-Copper
Mineralization of the Goldstorm Deposit to the
Northeast
Vancouver, British Columbia--(Newsfile Corp. - January 11, 2022) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: TUC
) (the "
Company
" or "
Tudor Gold"
) is pleased to present the final drill results from the
30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit and
Calm Before the Storm Zone (CBS), as well as surface sampling results from the Eureka Zone, 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 three diamond drill holes that were completed at the
Goldstorm Deposit along sections 113+00 NE and 118+00 NE, 500 metres apart, as well as the third
exploration diamond drill hole at the recently discovered Calm Before the Storm Zone. Results of a
continuous surface channel sample line completed at the Eureka Zone are also included.
The Copper Belle-Goldstorm Deposit (CB-GS) is situated only five kilometers northeast and on trend
from Seabridge Gold's KSM deposits, which comprise one of the largest undeveloped gold and copper
projects in the world. The CB-GS Deposit 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
).
Drilling and Surface Sampling Highlights include:
GOLDSTORM
GS-21-125
intercepted the DS5 domain, which averaged
0.82 g/t AuEq over 258.0 m
, including
1.91 g/t AuEq over 85.4 m
. The hole ended in gold-copper mineralization as unstable ground
conditions prevented the completion of the hole.
GS-21-127,
the farthest northeast step-out hole completed to date (approximately 200 m northeast
of GS-21-119), targeted the deep DS5 domain. This hole successfully intersected the top of DS5
and ended in mineralization before being shut down due to poor field conditions. Results include
0.75 g/t AuEq over 46.5 m and 0.43 g/t AuEq over 70.0 m
, which extended to the end of the
hole. This target will be re-drilled in 2022.
GS-21-128
targeted the easterly extension of the CS600 and DS5 domains. The hole intercepted
0.61 g/t AuEq over 43.9 m
within CS600. The hole ended in mineralization as field conditions
prevented completion of the hole; the final
17.6 m averaged 1.31 g/t AuEq
. This intersection is
currently interpreted to be the upper part of DS5 and plans are to re-drill this target in 2022.
CALM BEFORE THE STORM
CBS-21-03
returned a near-surface interval that graded
0.85 g/t AuEq over 25.5 m
and a second
significant interval of mineralization farther down the hole that averaged
0.61 g/t AuEq over 33.15
m, with an enriched mineralized core of 0.94 g/t AuEq over 10.0 m.
CBS-21-03 confirms that gold mineralization is gaining strength westward and to depth.
EUREKA SURFACE SAMPLING
Channel sample line EK-21-CHN-01
extended the Eureka Zone 300 m to the north of previous
drilling intercepts with a continuous surface sample line returning
0.72 g/t AuEq over 139.0 m,
including 1.01 g/t AuEq over 69.0 m
.
Plans for 2022 include drilling the area beneath this channel sample line, as well as testing the
current model that Eureka may be the eastern extension to surface of the DS-5 domain of the
Goldstorm Deposit.
Tudor Gold's President and CEO, Ken Konkin, P.Geo., states:
"We are pleased to have completed
the 2021 exploration season on a very positive note, having demonstrated that the Goldstorm Deposit
still remains open in all directions and at depth. We have significantly expanded the Goldstorm system to
the northwest, north, northeast and southeast, in addition to reporting some of our longest and strongest
gold-copper mineralized intercepts that surpassed even the results obtained from last years' extremely
successful drill program. Our primary goal is to define the ultimate limits of gold-copper-silver
mineralization of the Goldstorm Deposit so we can determine the final resource estimate. We are
committed to increasing our efforts for 2022 to achieve this goal.
"Exploration in other areas of the Property demonstrated that the Eureka System continues 300 meters
to the north from our well-mineralized exploration drill hole EK-21-01 (Press Release September 28
th
,
2021) that confirmed the near-surface presence of a large gold target. Other notable achievements of
2021 were the successful expansion of the Perfect Storm System, located two kilometres southwest of
Goldstorm, and the discovery of the Calm Before the Storm (CBS) system located two kilometres
northeast of the Goldstorm Deposit. The Treaty Creek project has now ballooned with the addition of
these three new drill targets that will be explored in tandem with definition drilling of the Goldstorm
deposit limits in 2022. Our geological team is currently focussing their efforts over the next few weeks to
complete the plans for the proposed 2022 diamond drill program. Leading the geological team is our
new Vice President of Resource Development, Ms. Natalie Senger (P.Geo.). It's very rewarding for me
to see the professional development and advancement of such a deserving geoscientist, who I have had
the pleasure of working with during my career."
The complete list of the above reported composited drilling results for Goldstorm and CBS, as well as
the drill hole data, including hole location, elevation, depth, dip and azimuth, are provided in Table 1 and
Table 2, respectively. Rock channel sample results from Eureka trenching are shown in Table 3. 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 and CBS Zone in Press Release January 11th, 2022
Section
Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (ppm)
AuEQ (g/t)
113+00 NE
GS-21-128
(1)
162.10
206.00
43.90
0.56
2.31
162
0.61
And (DS5)
404.00
421.60
17.60
1.25
4.27
55
1.31
118+00 NE
GS-21-125
(1)
675.00
702.00
27.00
1.67
2.06
45
1.70
And (DS5)
910.50
1168.50
258.00
0.72
7.06
150
0.82
Including
949.50
1034.90
85.40
1.69
15.62
299
1.91
And (DS5)
1221.00
1292.40
71.40
0.67
7.25
849
0.85
Including
1275.00
1292.40
17.40
1.69
7.17
555
1.84
118+00 NE
GS-21-127
(1)
489.00
535.50
46.50
0.72
2.49
77
0.75
And (DS5)
621.00
691.00
70.00
0.36
4.69
130
0.43
A - 180
CBS-21-03
8.00
33.50
25.50
0.84
0.76
22
0.85
And
150.50
183.65
33.15
0.53
5.96
86
0.61
Including
156.00
166.00
10.00
0.84
7.89
52
0.94
Eureka Plan
GS-21-CHN-01
0.00
139.00
139.00
0.58
7.19
485
0.72
Including
68.50
137.50
69.00
0.86
8.54
392
1.01
(1)
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 January11th, 2022
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
113+00 NE
GS-21-128
429037.0
6272847.0
1233.8
295
-85
421.6
118+005 NE
GS-21-125
429209.5
6273224.9
1208.1
300
-83
1292.4
118+00 NE
GS-21-127
429265.2
6273285.7
1202.1
305
-75
691.0
A - 180
CBS-21-03
430615.0
6273884.0
975.0
160
-45
312.25
Table 3: Surface Sample Results in Press Release January 11th, 2022
Sample
Zone
UTM E NAD
83
UTM N NAD
83
Elevation
(m)
Type
Length
Au (g/t)
Ag (g/t)
Cu (ppm)
AuEQ (g/t)
X557249
Eureka
429712.97
6272502.02
1268.72
CHANNEL
1.50
0.89
21.52
1230
1.29
X557247
Eureka
429715.74
6272503.17
1269.54
CHANNEL
1.50
0.30
10.04
5080
1.02
X557213
Eureka
429766.03
6272507.09
1277.47
CHANNEL
1.50
1.32
3.86
76
1.38
X557207
Eureka
429774.88
6272508.75
1279.68
CHANNEL
1.50
0.93
4.79
208
1.01
X557300
Eureka
429777.82
6272509.33
1280.34
CHANNEL
1.50
3.58
4.86
112
3.65
X557299
Eureka
429779.29
6272509.62
1280.60
CHANNEL
1.50
1.39
2.68
148
1.44
X557297
Eureka
429782.24
6272510.18
1281.31
CHANNEL
1.50
1.11
3.74
634
1.23
X557296
Eureka
429783.72
6272510.44
1281.65
CHANNEL
1.50
1.01
2.32
278
1.07
X557293
Eureka
429788.15
6272511.24
1283.20
CHANNEL
1.50
1.31
7.85
92
1.42
X557292
Eureka
429789.62
6272511.51
1283.46
CHANNEL
1.50
2.02
5.95
81
2.10
X557290
Eureka
429792.45
6272512.50
1283.45
CHANNEL
1.50
0.92
3.25
479
1.01
X557289
Eureka
429793.90
6272512.90
1283.75
CHANNEL
1.50
1.46
4.63
944
1.63
X557288
Eureka
429795.34
6272513.31
1283.87
CHANNEL
1.50
1.07
2.47
452
1.16
X557285
Eureka
429799.76
6272514.14
1284.53
CHANNEL
1.50
0.84
27.33
5851
1.85
X557284
Eureka
429801.25
6272514.35
1285.10
CHANNEL
1.50
2.25
8.56
775
2.44
X557283
Eureka
429802.74
6272514.55
1285.73
CHANNEL
1.50
1.23
12.14
945
1.49
X557279
Eureka
429808.69
6272515.28
1287.91
CHANNEL
1.50
0.68
97.64
2161
2.08
X557267
Eureka
429826.59
6272517.12
1289.80
CHANNEL
1.50
1.36
72.53
141
2.22
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 and surface channel 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.
"Ken Konkin."
Ken Konkin, P.Geo.
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 OVERVIEW - Goldstorm Sections, CBS and Eureka Map Areas - Plan View
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/109617_tudorfigure1.jpg
GOLDSTORM DEPOSIT - Section 113+00 NE
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/109617_tudorfigure2.jpg
GOLDSTORM DEPOSIT- Section 118+00 NE
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/109617_tudorfigure3.jpg