Tudor Gold Intersects 70.96 g/t AuEq over 1.0 Meter Within 39.15 g/t AuEq over 2.0 Meters (GS-22-143) with a 225 Meter Northeast Step- Out Hole from the 2021 Drilling at the Goldstorm Deposit, Treaty Creek Property, Northern British Columbia
Tudor Gold Intersects 70.96 g/t AuEq over 1.0
Meter Within 39.15 g/t AuEq over 2.0 Meters
(GS-22-143) with a 225 Meter Northeast Step-
Out Hole from the 2021 Drilling at the
Goldstorm Deposit, Treaty Creek Property,
Northern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 26, 2022) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to present the third 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, "We are extremely pleased to report this second
consecutive high-grade, visible gold intercept from our northeastern step-out drilling.
This 70.96 g/t
AuEQ intercept over one meter is now highest single gold grade intercept of the project.
The
unique aspect of the two-meter composite of 39.15 g/t AuEQ and the 4.5 meter visible gold composite
from GS-22-134 that averaged 20.86 g/t AuEQ is that they both appear to have similar modes of
occurrence that resembles the gold mineralization at the Valley of Kings (VOK) Deposit at Newcrest's
Brucejack Lake Mine adjacent to our southern border. Most of the free-gold mineralization at the
Goldstorm Deposit is associated with quartz-pyrite veinlets but it also appears as fine disseminated
grains of free visible gold within host rock as observed in this high-grade intercept within GS-22-143.
This may be a colloidal-type mineralization which is also observed at the Brucejack Lake Mine. Gold
mineralization at the VOK Deposit occurs as electrum, however the visible gold found at the Goldstorm
Deposit occurs as native gold. As with the discovery of R-66 to the southeast, these new high-grade gold
intercepts may be completely different pulses of mineralization that can occur outside the known limits of
the porphyry style of gold mineralization. Clearly more drilling is required to better understand the grade
distribution and consistency within the northeastern portion of the Goldstorm Deposit."
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 include preliminary results from one diamond drill hole from
the Goldstorm Deposit that was targeted outside the 2021 mineral resource area (see link:
corresponding Treaty Creek plan map and sections
).
GOLDSTORM DEPOSIT
SECTION B
GS-22-143
stepped out 225 m to the northeast from the 2021 drilling and targeted 300H and
CS600 mineralization.
A high-grade interval of 39.15 g/t AuEQ over 2.0 m
was intercepted in
an area that spatially lines up with the 300H mineral domain, however, is interpreted as potentially
being a separate mineralization event. Visible gold was found hosted within the fabric of the host
rock.
Table 1: Drilling Results Goldstorm and CBS in Press Release July 26, 2022
Section
Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (ppm)
AuEQ (g/t)
B
GS-22-143 (300H)
559.00
561.00
2.00
38.90
15.96
531
39.15
Including
559.00
560.00
1.00
7.20
6.99
490
7.34
And including
560.00
561.00
1.00
70.6
24.93
572
70.96
And (300H)
733.50
760.50
27.00
1.05
1.56
473
1.13
And (300H)
861.00
890.50
29.50
0.90
0.99
841
1.01
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 26, 2022
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
B
GS-22-143
429047.0
6273269.0
224.0
312
-50
1215.25
(1)
(1) Preliminary assays reported to 985.5 m in this press release. Complete results to be released in the following press release.
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
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Goldstorm Deposit - Section B Viewing Northeast (050°), +/- 50m
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Goldstorm Deposit - GS-22-143 Visible Gold
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/131877