Tudor Gold Intersects 237.3 Meters of 1.51 g/t AuEQ (0.89 g/t Gold and 0.49 % Copper) with 200 Meter Northeast Step-Out Hole GS-22-133 at the Goldstorm Deposit, Treaty Creek Property, Northern British Columbia
Tudor Gold Intersects 237.3 Meters of 1.51 g/t
AuEQ (0.89 g/t Gold and 0.49 % Copper) with
200 Meter Northeast Step-Out Hole GS-22-133
at the Goldstorm Deposit, Treaty Creek
Property, Northern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 12, 2022) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to present the first 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.
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 five diamond drill holes that were drilled
on the Goldstorm Deposit from sections 109+50 NE, 116+00 NE, and 117+00 NE. All holes were
targeted outside the 2021 Mineral Resource Estimate area (see link:
corresponding Goldstorm
Deposit plan map and sections
).
SECTION 109+50 NE
GS-22-135
intersected
55.5 meters (m) grading 1.42 g/t AuEQ
within
190.5 m of 0.80 g/t
AuEQ
. The hole targeted a high-grade intercept from the 2020 program (GS-20-66) which sits
outside of the current resource area. The new zone has been named "Route 66" and warrants
further exploration to understand the extents of the system. Visible gold was identified in the drill
core.
SECTION 116+00 NE
GS-22-129
stepped out on the DS5 resource area and returned
28.5 m of 2.33 g/t AuEQ
within
89.35 m grading 1.02 g/t AuEQ
. Gold and silver mineralization was encountered past the footwall
side of the Treaty Thrust Fault 2 (TTF2). The extension of DS5 to the northeast and renewed
understanding of the nature of mineralization shows that this domain is vast in size and remains
unbounded. GS-22-129 stepped out 150 m from the 2021 drilling.
SECTION 117+00 NE
GS-22-130
intersected DS5 mineralization grading
1.51 g/t AuEQ over 45.0 m
within
91.5 m
grading 1.17 g/t AuEQ
. Similar to GS-22-129, mineralization was encountered past the footwall
of TTF2. GS-22-130 stepped out 175 m from the 2021 drilling.
GS-22-131
also targeted DS5 and intersected mineralization past the footwall of TTF2, returning
1.07 g/t AuEQ over 26.5 m
, within
163.0 m of 0.61 g/t AuEQ
. GS-22-131 stepped out 115 m
from the 2021 drilling.
GS-22-133
stepped out 200 m from the 2021 northern drilling extents of 300H and CS600
domains. An exceptional interval of 1
.51 g/t AuEQ (0.89 g/t Au, 0.49 % Cu) over 237.3 m
was
reported within a broader mineralized zone of
0.91 g/t AuEQ over 600.0 m
. This confirms the
extension of CS600 to the north and shows an increase of gold and copper grades at depth.
Ken Konkin, President and CEO
, comments, "We are extremely pleased with the first set of results of
our 2022 Goldstorm resource expansion drill program. We continue to encounter strong gold, silver and
copper mineralization outside the previously defined resource area. The overall strength and consistency
of the Goldstorm system continues to amaze our entire technical team as the deposit remains open in all
directions and at depth. We have commissioned the next set of 200 m to 300 m step-out holes based on
these overwhelming positive results. Additionally, we have confirmed the discovery of a new zone in the
southern portion of Goldstorm which adds yet another dimension to this expanding deposit. Based on an
intercept obtained in 2020 from GS-20-66 which was formerly believed to be part of the CS600 Domain
(2.15 g/t AuEQ over 75.0 m)
, the 100 m step-out hole
GS-22-135
intercepted an up-dip expression
of
1.42 g/t AuEQ over 55.5 m.
This has been named
Route 66 (R-66)
. This is clearly a gold-dominant
system that exists separate to the known CS600 and DS5 Domains. Drilling continues at a fast pace at
Treaty Creek with eight drill rigs on site. Our crews have completed over 20,000 m of drilling to-date and
we anticipate more results to be released in a timely manner throughout the summer."
Table 1: Drilling Results Goldstorm in Press Release July 12, 2022
Section
Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (ppm)
AuEQ (g/t)
109+50 NE
GS-22-135
(1)
(R-66)
185.00
375.50
190.50
0.78
0.74
149
0.80
Including
185.00
240.50
55.50
1.38
1.03
212
1.42
Or
195.50
225.50
30.00
1.84
1.01
174
1.88
116+00 NE
GS-22-129 (DS5)
968.15
1057.50
89.35
0.88
9.47
297
1.02
Including
994.50
1023.00
28.50
2.07
16.87
525
2.33
117+00 NE
GS-22-130 (DS5)
1029.00
1120.50
91.50
1.04
7.30
304
1.17
Including
1072.50
1117.50
45.00
1.40
7.14
243
1.51
117+00 NE
GS-22-131 (DS5)
1155.50
1318.50
163.00
0.45
4.77
811
0.61
Including
1155.50
1182.00
26.50
0.79
13.19
1075
1.07
Or
1288.50
1315.50
27.00
0.72
1.75
51
0.75
117+00 NE
GS-22-133 (300H)
345.00
453.00
108.00
0.57
2.37
63
0.61
And (300H)
670.50
711.00
40.50
1.35
0.63
24
1.36
And (300H, CS600, DS5)
804.00
1404.00
600.00
0.60
2.35
2414
0.91
Including (CS600)
1081.50
1318.80
237.30
0.89
3.97
4895
1.51
(1)
Hole GS-22-132 stopped short of the intended target and was redrilled as GS-22-135. GS-22-132 was not sampled.
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 12, 2022
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
109+50 NE
GS-22-135
428780.2
6272598.5
1271.5
295
-85
500
109+50 NE
GS-22-132
428779.0
6272599.0
1271.3
295
-85
282.25
116+00 NE
GS-22-129
429201.5
6273086.4
1213.8
300
-88
1168.3
117+00 NE
GS-22-130
429209.7
6273196.2
1210.0
300
-88
1161
117+00 NE
GS-22-131
429296.8
6273292.4
1201.1
296
-84
1335
117+00 NE
GS-22-133
428923.2
6273439.2
1392.4
302
-62
1404
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 map, please visit:
https://images.newsfilecorp.com/files/4494/130613_tudorfigure1.jpg
Goldstorm Deposit Section 109+50 NE
To view an enhanced version of this map, please visit:
https://images.newsfilecorp.com/files/4494/130613_tudorfig2.jpg
Goldstorm Deposit Section 116+00 NE
To view an enhanced version of this map, please visit:
https://images.newsfilecorp.com/files/4494/130613_tudorfigure3.jpg
Goldstorm Deposit Section 117+00 NE
To view an enhanced version of this map, please visit:
https://images.newsfilecorp.com/files/4494/130613_tudorfigure4.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/130613