Tudor Gold Intersects 3.286 Gpt AuEq over 82.5 Meters Within 531.0 Meters of 0.999 Gpt AuEq (Hole Gs-20-92) and 1.112 Gpt AuEq over 532.5 Meters Within 1,033.5 Meters of 0.856 Gpt AuEq (Hole Gs-20-91) in the 300 Horizon of
Tudor Gold Intersects 3.286 Gpt AuEq over
82.5 Meters Within 531.0 Meters of 0.999 Gpt
AuEq (Hole Gs-20-92) and 1.112 Gpt AuEq over
532.5 Meters Within 1,033.5 Meters of 0.856
Gpt AuEq (Hole Gs-20-91) in the 300 Horizon of
the Goldstorm Zone at Treaty Creek
Vancouver, British Columbia--(Newsfile Corp. - January 7, 2021) -
Tudor Gold Corp. (TSXV: TUD) (FSE:
TUC) (the "
Company
" or "
Tudor Gold
") is pleased to present results for the last set of diamond drill
holes for the Goldstorm Zone at their flagship property, Treaty Creek. The project is located within the
heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge's KSM
Project located five kilometers southwest of the Goldstorm Zone. Results from sampling of 9,621.7
meters of HQ and NQ2 core, from 11 diamond drill holes, have recently been received from MSA Labs.
Tudor Gold has completed 50 diamond drill holes at the Goldstorm System (GS) and three diamond drill
holes at the Perfect Storm Zone (PSZ), for respective totals of approximately 44,000 meters (GS) and
1,600 meters (PSZ) during the 2020 exploration season.
It was necessary to abandon two of the final
drill holes as ground conditions prevented the safe completion of GS-20-99 and GS-20-101 late in the
season, however, significant gold and silver mineralization was encountered in GS-20-99 (0.647 gpt
AuEq over 109.5 meters) and this hole ended in strong stockwork within the DS5 System. Unfortunately
drill hole GS-20-101 was abandoned before intersecting the area of the intended target and this hole will
be re-drilled in 2021. From the remaining 51 drill holes, all but one were successful in intersecting the
intended targets.
Tudor Gold's Vice President of Project Development, Ken Konkin, P.Geo., states:
"We are very
pleased with the results obtained from our 2020 exploration program and we anticipate the completion
of an initial resource estimate over the next few months. We are also determined to continue the
exploration efforts in 2021 to better define and potentially expand the Goldstorm and Perfect Storm
Systems. It was not possible to attempt drilling at some of our high priority exploration targets due to the
rapid accumulation of snow in late November and December that caused avalanche hazards, therefore,
these sites remain as excellent drill targets. We have since received our explosives permit and have
purchased an explosives magazine so our avalanche teams can now safely remove snow build-up for
the up-coming exploration season. Our goal is to again have a late spring start-up so that we can
effectively prepare the slopes to allow drilling in the northeast area of the Goldstorm System that was not
completed in 2020. The Au-Ag-Cu mineralization remains open to the northeast and to the southeast,
with the possible exception of section 114+00 NE, where the easternmost drill hole (GS-20-102) may
have defined the southeast limit in that area."
Goldstorm Highlights include:
Eleven diamond drill holes in this release totalling 9,621.7 meters; the favorable
composite results are listed in Table 1 below.
Best near-surface intercept was from the 300 Horizon in GS-20-91 on Section 112+50 NE
that averaged 0.856 gpt AuEq
over 1033.5 meters (60.0-1093.5 m) containing an enriched
portion of 532.5 meters (60.0-592.5 m) that averaged 1.112 gpt AuEq.
GS-20-92 also had a remarkable 82.5 meter intercept (213.0-295.5 m) of 3.286 gpt AuEq
within the 300 Horizon, which is the highest grade gold composite interval drilled to date
on the project. This lies within a longer intercept of 531.0 meters (90.0-621.0 m) averaging
0.999 gpt AuEq.
An aggressive 150 meter step-out drill hole (GS-20-99) extended the DS-5 Zone further to
southeast on section 115+50 NE. The intercept averaged 0.647 gpt AuEq over 109.5
meters (855.5-965.0 m). The hole was lost at 965.0 meters in strong stockwork and DS5-
type mineralization. The system remains open to the northeast and southeast along
Section 115+50 NE.
The following two tables below provide the complete list of composited drill hole results as well as the
drill hole data including hole location, elevation, depth, dip and azimuth.
Table l:
Gold equivalent composite values from eleven Goldstorm Zone drill holes
Section
Hole
Zone
From
To
Interval (m)
Au
Ag
Cu
AuEq
108+00 NE
GS-20-100
300H
29.0
600.5
571.5
0.521
2.95
173
0.582
including
402.5
555.5
153.0
0.795
6.00
184
0.895
109+00 NE
GS-20-95
300H
12.0
256.5
244.5
0.671
1.98
165
0.719
CS600
412.5
559.5
147.0
0.562
1.03
345
0.625
GS-20-98
300H
10.5
282.0
271.5
0.717
1.94
96
0.755
including
10.5
214.5
204.0
0.850
2.39
108
0.895
112+50 NE
GS-20-87
300H
85.5
277.5
192.0
0.894
4.03
131
0.962
and
337.5
348.0
10.5
1.444
5.49
143
1.531
CS600
517.5
663.0
145.5
0.461
8.24
2689
0.958
DS5
702.0
804.0
102.0
0.820
4.08
141
0.890
GS-20-91
300H
60.0
1093.5
1033.5
0.759
4.66
275
0.856
including
60.0
909.0
849.0
0.828
3.67
292
0.916
or including
60.0
592.5
532.5
1.018
3.71
334
1.112
114+00 NE
GS-20-84
300H
167.0
179.0
12.0
0.467
5.99
56
0.547
CS600
524.0
690.5
166.5
0.322
9.48
2502
0.807
DS5
930.5
1019.0
88.5
0.576
12.49
225
0.760
GS-20-92
300H
90.0
1020.0
930.0
0.637
1.72
160
0.682
including
90.0
621.0
531.0
0.944
1.96
213
0.999
and
including
213.0
295.5
82.5
3.220
3.74
144
3.286
GS-20-102
No
Significant
Values
115+50 NE
GS-20-88
300H
178.5
444.0
265.5
0.642
1.37
79
0.670
and
519.0
582.0
63.0
0.891
1.50
110
0.925
and
640.5
681.0
40.5
0.671
2.39
588
0.787
CS600
748.5
898.5
150.0
0.302
1.62
2226
0.651
DS5
1162.5
1432.5
270.0
0.466
2.84
91
0.514
GS-20-99*
DS5
855.5
965.0
109.5
0.549
6.81
106
0.647
117+00 NE
GS-20-101*
lost hole
re-drill
in 2021
*Lost Hole
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 $1322/oz, Ag:
$15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) +
(Cu% x 1.4835). 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 ll: Drill Data for Holes for Press Release January 7
th
, 2021
Section
Hole ID
UTM E NAD83
UTM N NAD83
Elevation (m)
Azi (°)
Dip (°)
Depth (m)
108+00 NE
GS-20-100
428355.0
6272668.2
1301.1
295
-55
812.0
109+00 NE
GS-20-95
428415.8
6272747.3
1289.3
115
-57
582.0
GS-20-98
428413.9
6272748.1
1290.1
115
-68
534.0
112+50 NE
GS-20-87
428541.3
6273076.8
1366.1
115
-60
937.7
GS-20-91
428667.0
6273018.0
1287.0
287
-50
1191.0
114+00 NE
GS-20-84
428659.1
6273197.5
1368.7
115
-69
1064.0
GS-20-92
428810.8
6273080.1
1255.6
287
-45
1023.0
GS-20-102
429094.6
6272944.2
1234.1
290
-90
725.0
115+50 NE
GS-20-88
428781.4
6273288.4
1345.1
295
-75
1440.0
GS-20-99*
429128.7
6273106.3
1223.7
290
-85
965.0
117+00 NE
GS-20-101*
429226.7
6273216.6
1211.0
290
-90
348.0
*Lost Hole
Attached are Sections 108+00 NE, 109+00 NE, 112+50 NE, 114+00 NE and 115+50 NE showing
holes traces with gold and copper histogram results and a Plan Map showing the drill hole and
section locations.
Walter Storm, President and CEO
,
stated
: "Our goal for Tudor Gold is to fast-track the exploration of
our flagship Treaty Creek Project. We continue to advance the project on several fronts including
completing our initial metallurgical work on the Goldstorm System, for which an update will be issued
later this month. In addition, we recently completed the first year of an on-going water sampling program
and purchased a climate station that will monitor on-site environmental conditions, providing the data
required for base-line studies. Furthermore, we are preparing a winter access plan to start the 2021
exploration season as soon as the major snowfall season comes to an end in the coming spring. This
approach worked extremely well for our start-up team that was able to walk-in heavy equipment on the
snowpack in 2020, allowing us to start drilling much earlier than previous years. In so doing, we hit a
corporate-best for drilling this past year with the completion of 53 drill holes totalling over 45,600 meters.
We thank our team of men and women who worked safely and diligently during these extremely difficult
conditions."
Tudor Gold Corp and our associated service companies have taken extreme measures to maintain the
highest professional standards while working within COVID-19 health and safety protocols. Only
essential personnel are permitted to enter the camp and staging areas. Of those who are at the project
site and staging site, we have strict daily monitoring of the workers' temperatures and general health
conditions. We have a certified paramedic at the staging area to examine all in-coming and out-going
Tudor personnel and all service providers.
QA/QC
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.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's Vice President 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.
About Tudor Gold
Tudor Gold is a precious and base metals explorer with properties in British Columbia's Golden
Triangle, 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. The Company also has a 100% interest in the
Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden
Triangle area.
"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:
Carsten Ringler
Head of Investor Relations and Communications
Phone: +1 604 559 8092 or +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 Zone Plan View
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Goldstorm Zone Section 108+00 NE
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Goldstorm Zone Section 109+00 NE
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Goldstorm Zone Section 112+50 NE
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