Tudor Gold Intersects 20.86 g/t AuEQ over 4.5 Meters Within 25.5 Meters of 9.96 g/t AuEQ with a 500 Meter Northeast Step-Out Hole GS- 22-134 at the Goldstorm Deposit, Treaty Creek Property, Northern British Columbia
Tudor Gold Intersects 20.86 g/t AuEQ over 4.5
Meters Within 25.5 Meters of 9.96 g/t AuEQ
with a 500 Meter Northeast Step-Out Hole GS-
22-134 at the Goldstorm Deposit, Treaty Creek
Property, Northern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2022) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to present the second set of drill results 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.
Ken Konkin, President and CEO
, comments, "Continuing from the impressive drill results presented
in the July 12
th
2022 Press Release that reported a 200 m northeastern step-out from the 2021 program,
we are extremely pleased to present the second set of results of our 2022 Goldstorm resource
expansion drill program. The previously announced
GS-22-133
(0.91 g/t AuEQ over 600.0 m, with an
enriched zone of 1.51 g/t AuEQ over 237.3 m)
is extremely consistent with the results obtained from
GS-22-134
that yielded
0.97 g/t AuEQ over 663.0 m, with an enriched zone of 1.76 g/t AuEQ over
205.5 m.
These holes are located approximately 300 m apart. Significantly, we also discovered a high-
grade pulse of gold mineralization within
GS-22-134
that carried
20.86 g/t AuEq over 4.5 m within a
25.5 m zone of 9.96 AuEQ,
which displayed 17 occurrences of free visible gold within stockwork veins.
In addition, we are seeing continued success with drill holes completed on the DS5 domain. Step-out
drilling that has expanded the area of this domain includes
GS-22-137
which contained
1.44 g/t AuEQ
over 232.5 m, with an enriched zone of 2.03 g/t AuEQ
over 60.0 m.
The Goldstorm deposit remains
open in all directions and at depth. Drilling at our newly discovered CBS system provided positive results
with numerous at surface intercepts that ranged between
1.00 g/t AuEQ to 1.53 g/t AuEQ over 7.5 m
to 9.4 m, with a deeper intercept that grades 0.77 g/t AuEQ over 79.5 m.
Continued drilling is
recommended for the CBS Zone, however, for the remainder of this season all drills will continue drilling
at Goldstorm, as the extent of this deposit continues to expand with extremely positive results. We have
stepped out approximately half a kilometer with outstanding and consistent results and we will continue
to drill step-out holes for 2022."
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation
plan on several areas including the Goldstorm Deposit and the Eureka and Calm Before the Storm
zones. Results included in this press release are reported from eight diamond drill holes; four that were
drilled on the Goldstorm Deposit from sections 112+00 and A, and four that were drilled on the Calm
Before the Storm Zone (CBS). Seven out of eight holes were targeted outside the 2021 Mineral
Resource Estimate area (see link:
corresponding Treaty Creek plan map and sections
).
GOLDSTORM DEPOSIT
SECTION A
GS-22-134
stepped out on the 300H and CS600 resource area and returned
663.0 m grading
0.97 g/t AuEQ
. The hole ended 500 m to the northeast from the 2021 drilling, well outside the
existing resource estimate area
. A high-grade interval of 9.96 g/t AuEQ
over 25.5 m
contained
an enriched zone
of
20.86 g/t AuEQ over 4.5 m.
This 25.5 m interval of a newly discovered high-
grade gold pulse
contained 17 occurrences of visible gold and is interpreted to be either a
continuation of CS600 or a separate intrusive stock that is genetically related to CS600.
GS-22-136
stepped out on the DS5 resource area and returned
34.5 m of 2.64 g/t AuEQ
within
82.7 m of 1.62 g/t AuEQ
. GS-22-136 stepped out 80 m from the 2021 drilling and tested the
continuity of mineralization proximal to the Treaty Thrust Fault 2 (TTF2).
GS-22-137
stepped out on the DS5 resource area and returned
232.5 m of 1.44 g/t AuEQ
within
442.5 m of 1.02 g/t AuEQ
(DS5). An intersection of CS600 was also observed; previously it was
hypothesized that CS600 could be pinched off to the east. Both intersections significantly improve
the understanding of the size and continuity of both the CS600 and DS5 and will be valuable
additions to the next resource estimate. GS-22-137 stepped out 125 m from the 2021 drilling.
SECTION 112+00 NE
GS-22-138
tested the southern boundary of the DS5 resource area and returned
33.5 m of 1.00
g/t AuEQ
within
108.0 m of 0.70 g/t AuEQ
. This hole also provided infill drilling of CS600 which
confirmed with a near surface copper-gold intersection of
241.5 m of 0.80 g/t AuEQ.
CALM BEFORE THE STORM (CBS)
SECTION CBS
CBS-22-04
confirmed the near surface mineralization with an intersection of
8.85 m of 1.30 g/t
AuEQ
. A second deeper intersection returned
42.25 m of 1.03 g/t AuEQ
within
79.5 m of 0.77 g/t
AuEQ
.
CBS-22-05
confirmed the near surface mineralization with an intersection of
9.7 m of 1.00 g/t
AuEQ
. A second deeper intersection returned
12.0 m of 1.00 g/t AuEQ within 30.0 m of 0.67 g/t
AuEQ
.
CBS-22-06
confirmed the near surface mineralization with an intersection of
7.5 m of 1.04 g/t
AuEQ.
CBS-22-07
confirmed the near surface mineralization with an intersection of
7.5 m of 1.56 g/t
AuEQ
.
Table 1: Drilling Results Goldstorm and CBS in Press Release July 19, 2022
Section
Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (ppm)
AuEQ (g/t)
A
GS-22-134 (300H)
601.50
711.00
109.50
1.08
1.21
34
1.10
And (CS600)
879.00
1542.00
663.00
0.83
2.07
965
0.97
Including
1320.00
1525.50
205.50
1.61
0.72
1220
1.76
Or
1474.50
1500.00
25.50
9.66
1.23
2436
9.96
Or
1474.50
1479.00
4.50
20.61
1.50
1968
20.86
A
GS-22-136 (DS5)
906.00
988.70
82.70
1.55
4.56
141
1.62
Including
907.50
942.00
34.50
2.59
3.61
70
2.64
A
GS-22-137 (CS600)
478.50
573.00
94.50
0.49
5.53
643
0.63
Including (DS5)
531.00
547.50
16.50
1.16
3.27
606
1.27
And
733.50
1176.00
442.50
0.96
4.03
168
1.02
Including
906.00
1138.50
232.50
1.34
6.45
220
1.44
Or
1056.00
1116.00
60.00
1.90
7.88
266
2.03
112+00 NE
GS-22-138 (CS600)
136.00
377.50
241.50
0.48
7.57
1962
0.80
Including
148.00
163.00
15.00
0.67
8.36
2729
1.09
And (DS5)
589.00
697.00
108.00
0.64
4.08
94
0.70
Including
589.00
622.50
33.50
0.89
7.95
169
1.00
CBS
CBS-22-04
4.65
13.50
8.85
1.27
2.22
21
1.30
And
307.50
387.00
79.50
0.62
13.18
36
0.77
Or
307.50
349.75
42.25
1.01
1.48
38
1.03
CBS
CBS-22-05
3.80
36.00
32.20
0.50
1.23
25
0.52
Including
3.80
13.50
9.70
0.98
1.68
23
1.00
And
217.50
247.50
30.00
0.66
0.54
9
0.67
Including
217.50
229.50
12.00
0.99
0.95
10
1.00
CBS
CBS-22-06
6.00
31.50
25.50
0.50
0.43
22
0.51
Including
6.00
13.50
7.50
1.03
0.56
20
1.04
CBS
CBS-22-07
6.00
45.00
39.00
0.58
0.87
22
0.60
Including
7.50
15.00
7.50
1.55
0.60
21
1.56
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 July 19, 2022
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
A
GS-22-134
428936.0
6273443.2
1391.0
326
-57
1584
A
GS-22-136
429166.0
6273029.4
1220.1
295
-85
996
A
GS-22-137
429049.2
6273267.2
1225.3
320
-80
1176
112+00 NE
GS-22-138
428856.6
6272854.5
1244.6
295
-84
742
CBS
CBS-22-04
430725.0
6273999.1
980.5
200
-54
469
CBS
CBS-22-05
430725.0
6273999.2
980.7
200
-60
548.5
CBS
CBS-22-06
430725.2
6273999.6
980.7
200
-70
555
CBS
CBS-22-07
430725.7
6273999.5
980.5
180
-65
579
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 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.
"
Goldstorm Deposit Section Areas – Plan View
"
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/131161_slide1.jpg
"
Goldstorm Deposit – Section 112+00 NE
"
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/131161_slide2.jpg
"
Goldstorm Deposit – Section A
"
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/131161_slide3.jpg
"
CBS ZONE – Section CBS
"
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/131161_slide4.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/131161