Tudor Gold Intersects 43.5 Meters (m) of 3.73 g/t AuEQ Within 223.5 m of 1.42 g/t AuEQ from a 200-m Northeast Step-Out Hole, GS-23-179, at the Goldstorm Deposit, Treaty Creek, Northwest British Columbia
Tudor Gold Intersects 43.5 Meters (m) of 3.73
g/t AuEQ Within 223.5 m of 1.42 g/t AuEQ from
a 200-m Northeast Step-Out Hole, GS-23-179,
at the Goldstorm Deposit, Treaty Creek,
Northwest British Columbia
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2023) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: H56
) (the "
Company
" or "
Tudor Gold
") is pleased to present the fifth set of drill results for the
2023 exploration program (the "
Program
") at their flagship property, Treaty Creek, located in the heart
of the Golden Triangle of Northwestern British Columbia.
The Company has safely and successfully completed the 2023 drilling program with a total of 31,904
meters (m) drilled within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone. The
assay results reported in this release are from two drill holes that targeted the northeastern area of the
Goldstorm Deposit and two holes that targeted the northeastern area of the Perfectstorm Zone. Click to
view
plan map and cross sections
.
Ken Konkin, President and CEO
, comments: "We are extremely pleased to announce the continued
expansion of our Goldstorm Deposit to the northeast. GS-23-179, a 200-meter step-out hole, has greatly
enlarged the mineralized envelope. As predicted, the CS-600 system remains very robust with
surprisingly high gold values in the upper portion of the domain. Although the gold-copper-silver
mineralization remains consistent over very wide intercepts that yield compelling composites such as
525 m of 1.01 g/t AuEQ in hole GS-23-179, higher grade mineralization is well concentrated within core
sections. The upper portion of this 525 m interval contains an enriched section that is believed to be part
of a consistent quartz stockwork system that can be traced for hundreds of meters between drill holes.
This system has yielded an intercept of
10.07 g/t AuEQ over 12.0 m
within the uppermost portion of the
223.5 m of 1.42 g/t AuEQ
interval, which is part of a much longer 525 m intercept that averaged 1.01 g/t
AuEQ. Notably, this 12-meter-long, high-grade gold intercept within GS-23-179 is located over 300 m
northeast from a similar gold-bearing stockwork intercept encountered in GS-23-134, which reported
9.96 g/t AuEQ over 25.5 m
, including an enriched portion of
20.86 g/t AuEQ over 4.5 m
(see Press
Release July 19, 2022). Further drilling is required to confirm the orientation and extent of this newly
discovered stockwork zone. Our technical team believes this auriferous stockwork veinlet system is a
late-stage event that overprints the CS-600 Domain. In addition, drill hole GS-23-175 intersected the
DS5 Domain on the same northeastern-most section of the Goldstorm Deposit (see Section A). In this
hole the upper enriched gold zone of the DS5 domain contained
160.5 m of 1.24 g/t AuEQ within
241.5 m of 1.11 g/t AuEQ.
The lower DS5 domain
contained 81.0 m of 1.17 g/t AuEQ within 162.0
m of 1.01 g/t AuEQ.
Unfortunately, this hole could not be completed due to poor ground conditions and
was terminated in strong gold mineralization. The Goldstorm Deposit remains open in all directions an at
depth.
To top it all off, we had success at the Perfectstorm Zone as well. Two drill holes intersected the
northeastern-most known limit of the Perfectstorm system. The stronger results from the deeper drill hole
PS-23-14 on this section suggest that gold-copper-silver mineralization is gaining strength in the
northwest direction. This hole intersected a porphyritic intrusive with
0.91 g/t AuEQ over 40.5 m
within
139.5 m of 0.51 g/t AuEQ. The Perfectstorm system has now been drill-traced for over 1,700 m by wide-
spaced holes along the northeastern axis. The best results to-date came from the opposite end of the
system in the southwestern drill hole
PS-23-10, which contained 1.28 g/t AuEQ over 102.15 m
(see
Press Release October 31, 2023). Clearly, further drilling is required in the southwestern sector of the
Perfectstorm target, and beyond."
Section A
GS-23-175
: Drilled as a 200 m step-out to the northeast of the DS5 domain, this hole returning two
wide intervals, including
241.5 m grading 1.11 g/t AuEQ (1.07 g/t Au, 3.16 g/t Ag, 0.01 % Cu)
and
162.0 m grading 1.01 g/t AuEQ (0.96 g/t Au, 3.92 g/t Ag, 0.01 % Cu)
.
GS-23-179
: Drilled as a 200 m step-out to the northeast of the CS-600 Domain.
This hole returned
an impressive intercept of
525.0 m of 1.01 g/t AuEQ (0.85 g/t Au, 1.94 g/t Ag, 0.13 % Cu)
which
included a higher-grade interval of
223.5 m of 1.42 g/t AuEQ (1.16 g/t Au, 2.25 g/t Ag, 0.19 %
Cu)
that includes
43.5 m of 3.73 g/t AuEQ (3.52 g/t Au, 2.18 g/t Ag, 0.16 % Cu)
and
12.0 m of
10.07 g/t AuEQ (9.78 g/t Au, 1.35 g/t Ag, 0.23 % Cu).
Section B
PS-23-13
: Drilled as a 200 m step-out from the previous northeastern-most hole at PSZ.
This hole
intersected three separate mineralized vein zones, one of which returned
41.50 m grading 0.50
g/t AuEQ (0.41 g/t Au, 4.87 g/t Ag and 0.04 % Cu)
that included
17.5 m of 0.72 G/t AuEQ (0.59
g/t Au, 4.64 g/t Ag and 0.07 % Cu)
.
PS-23-14
: Drilled on the same section below hole PS-23-13, hole PS-23-14 encountered four
separate intervals of appreciable mineralization, including
40.50 m grading 0.91 g/t AuEQ (0.82
g/t Au, 2.60 g/t Ag and 0.06 % Cu)
with a higher-grade interval of
1.50 m grading 9.26 g/t
AuEQ (9.17 g/t Au, 5.35 g/t Ag and 0.03 % Cu).
Table 1: Drilling Results for Goldstorm Deposit and Perfectstorm Zone in Press Release
November 21, 2023
Section
Hole
Zone
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (%)
AuEQ (g/t)
A
GS-23-175
DS5
763.00
1004.50
241.50
1.07
3.16
0.01
1.11
including
767.50
928.00
160.50
1.19
3.58
0.01
1.24
and
1142.50
1304.50
162.00
0.96
3.92
0.01
1.01
including
1142.50
1223.50
81.00
1.10
6.26
0.01
1.17
A
GS-23-179
CS600+DS5
1041.00
1566.00
525.00
0.85
1.94
0.13
1.01
CS600
1119.00
1342.50
223.50
1.16
2.25
0.19
1.42
including
1119.00
1162.50
43.50
3.52
2.18
0.16
3.73
and
1129.50
1141.50
12.00
9.78
1.35
0.23
10.07
CS600+DS5
1404.00
1489.50
85.50
0.97
2.72
0.05
1.06
B
PS-23-13
NE
8.00
11.00
3.00
0.99
0.86
0
1.00
172.00
179.50
7.50
0.56
2.58
0.03
0.62
223.50
265.00
41.50
0.41
4.87
0.04
0.50
223.50
241.00
17.50
0.59
4.64
0.07
0.72
B
PS-23-14
NE
5.00
39.50
34.50
0.69
1.03
0.01
0.72
125.00
126.50
1.50
4.99
7.29
0.03
5.10
248.00
387.50
139.50
0.43
4.95
0.03
0.51
248.00
288.50
40.50
0.82
2.60
0.06
0.91
287.00
288.50
1.50
9.17
5.35
0.03
9.26
380.00
387.50
7.50
0.97
54.00
0.15
1.68
1
.
Hole was terminated prior to reaching target depth
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 1.5 m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1800/oz, Ag: $20/oz, Cu: $3.5/lb. Calculations used the
formula AuEQ = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185). All metals are reported in USD and calculations consider recoveries of
90 % for gold, 80 % for copper, and 80 % for silver.
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 November 21, 2023
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
A
GS-23-175
429357
6273557
1225
275
-75
1309
A
GS-23-179
429030
6273666
1495
333
-68
1617
B
PS-23-13
427466
6271186
1487
295
-88
371
B
PS-23-14
427466
6271186
1487
295
-60
506
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 Treaty Creek
The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold-copper porphyry
system, as well as several other mineralized zones. As disclosed in the
"NI-43-101 Technical Report for
the Treaty Creek Project", dated April 28, 2023 prepared by Garth Kirkham Geosystems and JDS
Energy & Mining Inc., the Goldstorm Deposit has an
Indicated Mineral Resource
of
23.37 Moz of
AuEQ grading 1.13 g/t AuEQ (18.75 Moz gold grading 0.91 g/t, 2.18 Blbs copper grading 0.15 %,
112.4 Moz silver grading 5.45 g/t)
and an
Inferred Mineral Resource
of
7.35 Moz of AuEQ grading
0.98 g/t AuEQ (5.54 Moz gold grading 0.74 g/t, 0.85 Blb copper grading 0.16 %, 45.08 Moz silver
grading 5.99 g/t)
, with a pit constrained cut-off of 0.5 g/t AuEQ and an underground cut-off of 0.7 g/t
AuEQ. The Goldstorm Deposit has been categorized into three dominant mineral domains and several
smaller mineral domains. The CS-600 Domain largely consists of an intermediate intrusive stock and
hosts the majority of the copper mineralization within the Goldstorm Deposit. CS-600 has an Indicated
Mineral Resource of 9.86 Moz AuEQ grading 1.10 g/t AuEQ (6.22 Moz gold grading 0.70 g/t, 1.98 Blbs
copper grading 0.32 %, 51.1 Moz silver grading 5.71 g/t) and an Inferred Mineral Resource of 3.71 Moz
AuEQ grading 1.19 g/t AuEQ (2.32 Moz gold grading 0.75 g/t, 0.76 Blb copper grading 0.36 %, 18.71
Moz silver grading 6.01 g/t). The Goldstorm Deposit remains open in all directions and requires further
exploration drilling to determine the size and extent of the deposit.
1
AuEQ = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)
About Tudor Gold
TUDOR GOLD CORP. is a precious and base metals exploration and development company with
claims 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 Newmont Corporation's Brucejack property to the southeast.
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.
Treaty Creek – Section Areas
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Goldstorm Deposit – Section A
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https://images.newsfilecorp.com/files/4494/188227_2_-_section_a.jpg
NE Perfectstorm Zone – Section B
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https://images.newsfilecorp.com/files/4494/188227_3_-_section_b.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/188227