Tudor Gold Intersects Wide Gold Intervals in Two 150 Meter Northeast Step-Out Holes at the Goldstorm Deposit, Treaty Creek Highlights Include 1.31 g/t AuEQ over 337.5 Meters in Hole GS-23-167 and 1.01 G/t AuEQ over 412.5 Meters in Hole GS-23-
Tudor Gold Intersects Wide Gold Intervals in
Two 150 Meter Northeast Step-Out Holes at the
Goldstorm Deposit, Treaty Creek
Highlights Include 1.31 g/t AuEQ over 337.5 Meters in Hole
GS-23-167 and 1.01 G/t AuEQ over 412.5 Meters in Hole GS-23-
164
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2023) -
Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
H56
) (the "
Company
" or "
Tudor Gold
") is pleased to present the first 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.
Since the beginning of this year's Program, the Company has successfully completed over 12,000
meters (m) of drilling, within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone.
The five drill holes reported in this release are located in the northeastern area of the Goldstorm Deposit.
Click to view
plan map and cross sections
.
Ken Konkin, President and CEO
, comments: "We are very pleased to report the discovery of
continued strong gold, silver, and copper mineralization outside the previously defined resource area
with 150-m step-out holes GS-23-164 and GS-23-167. The overall strength and consistency of the
Goldstorm system continues to amaze our technical team as the deposit remains open in all directions
and at depth. Our continued success of these critical first-round results has prompted us to build several
more drill pads designed to test all northern aspects to all domains as there appears to be no end in-
sight to the Goldstorm Au-Cu-Ag mineralization as of yet. Equally important was the success of definition
hole GS-23-168 within a vast block of the 300H Domain. The goal is to increase drilling density to
potentially upgrade this large block into the Indicated category from the Inferred category of the Mineral
Resource. GS-23-168
intersected 309.0 m of 1.02 g/t AuEQ including an enriched portion
averaging 1.40 g/t AuEQ over 204.0 m, with a core of 1.99 g/t AuEQ over 75 m.
Based on these
very encouraging results, we have decided to pursue the northern aspects of the Goldstorm Deposit with
five drill rigs, leaving one exploration rig to further drill-test the Perfectstorm Zone."
GOLDSTORM DEPOSIT STEP-OUT DRILLING
SECTION 119+50 NE
GS-23-164,
a 150 m northeast step-out was drilled to target the gold-dominant DS-5 Domain.
Mineralization was encountered over a length of
412.5 m grading 1.01 g/t AuEQ (0.93 g/t Au,
6.26 g/t Ag, 0.01 % Cu),
containing a higher-grade intercept of
124.5 m grading 1.51 g/t AuEQ
(1.38 g/t Au, 11.54 g/t Ag, 0.01% Cu)
with a very rich segment over
7.5 m
of
11.56 g/t AuEQ
(11.46 g/t Au, 9.34 g/t Ag, 0.01 % Cu).
The DS-5 Domain remains open to the north and
northeast. Another step-out drill pad was constructed 150 m to the north of this drill hole to allow
continued exploration of the DS-5 Domain and the gold-copper dominant CS-600 Domain.
GS-23-167,
a 150-m northeast step-out of the CS-600 Domain was drilled to expand the domain
outside the northeastern edge of the 2023 Mineral Resource area. The drill hole returned an
intercept of
337.5 m averaging 1.31 g/t AuEQ (0.87 g/t Au, 6.89 g/t Ag, 0.32 % Cu)
with an
enriched zone of
94.5 m averaging 1.80 g/t AuEQ (1.14 g/t Au, 9.87 g/t Ag, 0.47 % Cu).
Additional step-out drill holes have been completed, or are currently underway, to continue
expanding the CS-600 Domain (GS-23-169, GS-23-170, GS-23-172). Assays will be released
when they are received and reviewed.
GOLDSTORM DEPOSIT DEFINITION AND INFILL DRILLING
SECTION 117+00 NE
GS-23-168:
This hole intercepted unexpected 300-H Domain mineralization. Starting at 462 m, an
intercept over a drill length of
309.0 m averaged 1.02 g/t AuEQ (0.96 g/t Au, 4.62 g/t Ag, 0.01 %
Cu)
with an enriched segment of
27.0 m grading 3.15 g/t AuEQ (3.07 g/t Au, 6.80 g/t Ag, 0.01
% Cu).
This hole was shut down and had a wedge set at 684 m down hole to improve its target of
the CS-600 Domain at depth. This wedged drill hole,
GS-23-168-W1
, is currently at a depth of
1900 m, drilling through a strongly mineralized area of the CS-600 Domain.
GS-23-163, GS-23-165:
These drill holes were not sampled and shutdown early due to excessive
drill hole deviation. Their original target was re-drilled as hole
GS-23-168.
Table 1: Drilling Results for Goldstorm Deposit in Press Release July 10, 2023
Section
Hole
From (m)
To (m)
Interval
(m)
Au (g/t)
Ag (g/t)
Cu (%)
AuEQ (g/t)
119+50
NE
GS-23-
164
622.50
1035.00
412.50
0.93
6.26
0.01
1.01
including
870.00
994.50
124.50
1.38
11.54
0.01
1.51
including
889.50
897.00
7.50
11.46
9.34
0.01
11.56
and
1117.50
1147.50
30.00
0.95
5.11
0.02
1.02
GS-23-
167
880.50
1218.00
337.50
0.87
6.89
0.32
1.31
including
1042.50
1137.00
94.50
1.14
9.87
0.47
1.80
117+00
NE
GS-23-
163
Hole abandoned, not sampled
GS-23-
165
Hole abandoned, not sampled
GS-23-
168
462.00
771.00
309.00
0.96
4.62
0.01
1.02
including
534.00
738.00
204.00
1.32
6.51
0.02
1.40
including
562.50
637.50
75.00
1.94
4.22
0.01
1.99
including
610.50
637.50
27.00
3.07
6.80
0.01
3.15
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 $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 July 10, 2023
Section
Hole ID
UTM E
NAD 83
UTM N
NAD 83
Elevation
(m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
119+50 NE
GS-23-164
429366
6273405
1182
292
-78
1188
GS-23-167
429026
6273660
1495
300
-76
1218
117+00 NE
GS-23-163
428925
6273439
1397
281
-54
234
GS-23-165
428925
6273439
1397
288
-56
321
GS-23-168
428925
6273439
1397
288
-58.7
1059
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 Limited'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 – Plan View
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Goldstorm Deposit - Section 117+00 NE Viewing Northeast
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Goldstorm Deposit - Section 119+50 NE Viewing Northeast
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To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/172939