Tudor Gold Provides Update on 2023 Exploration Program with over 5,400 Meters Drilled at the Treaty Creek Property, Golden
Tudor Gold Provides Update on 2023
Exploration Program with over 5,400 Meters
Drilled at the Treaty Creek Property, Golden
Triangle, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - June 6, 2023) - Tudor Gold Corp. (
TSXV: TUD
) (
FSE:
H56
) (the "
Company
" or "
Tudor Gold
") is pleased to announce that significant drilling progress has
been made
on its 2023 exploration program (the "
Program
") at its flagship property, Treaty Creek,
located in the Golden Triangle of Northwest British Columbia.
To date, the Company has successfully completed over 5,400 meters of infill and step-out drilling, which
forms part of a larger diamond drilling campaign spanning at least 25,000 meters. Currently, there are
four drill-rigs in operation.
Click to view plan map with drill hole locations
.
The first hole of the season,
GS-23-164
, a 150-meter step-out to the northeast has successfully reached
its intended depth, intersecting the DS-5 Zone. This intersection revealed mineralization and veining
from 558 m to 1,083 m, including a consistently observed, strongly altered, stockwork vein zone from
885 m to 972 m, similar to previous DS-5 holes.
Another noteworthy drill-hole
GS-23-167
, a 170-meter step-out, recently entered the CS-600 Zone
intercepting disseminated chalcopyrite with minor copper sulphosalts and several semi-massive
chalcopyrite veinlets associated with strong silicification and potassic alteration.
Click to view core
photos
.
The Goldstorm system is now approaching 2,000 meters in length along the NE axis and
remains open in all directions and at depth.
Based on the exciting results of holes GS-23-164 and GS-23-167, another step-out drill hole,
GS-23-
169,
was collared and is currently at 357 m of a planned 1200 m depth targeting a further 150 m NE step
out from GS-23-167 of the CS-600 Zone.
Furthermore, the technical team is planning to construct two
additional drill pads for future drilling activities located at approximately 150 and 300 meters further to
the northeast.
These new drill pad locations will enable continued exploration of gold-copper
mineralization targeting the north and northeast extensions of the CS-600 and DS-5 zones.
In addition to the step-out holes, two infill holes are currently targeting areas of the Goldstorm Deposit to
convert inferred resources to the indicated category.
Hole GS-23-166-W1
, is at 570 m of a planned
1150 m depth and targeting a pocket of inferred CS-600 ounces, as well as a northward expansion of
the DS-5 zone.
Hole GS-23-168
is at 1008 m of a planned 1800 m depth and targeting the deep CS-
600 zone infilling between holes GS-22-157 and GS-21-113-W2.
Results from the Program will be provided by the Company once final assays are received and
compiled.
Ken Konkin, President and CEO, comments,
"The safe and efficient start-up of 2023 exploration
campaign has been a huge success. We thank our good neighbours at the Brucejack Mine for allowing
our ground crews to mobilize drills, equipment and supplies over our winter road by utilizing the
Brucejack Mine access road. We have successfully completed this exercise over that past few years and
we very much appreciate the assistance to allow our crews to safely get the job done. The recent drill
intercept in our northeastern most hole GS-23-167 has prompted our technical team to construct more
drill pads to target the northeastern aspect of the deposit as clearly the CS-600 domain continues to
expand in this direction. Pad builders are now completing several set-ups for the two-remaining drill-rigs
that are committed to drill the Perfectstorm Zone which lies equi-distant between our Goldstorm Deposit
and Seabridge Gold's Iron Cap Deposit. We anticipate the start-up of the two rigs at Perfectstorm over
the next 2-3 weeks."
The Program
The 25,000 m diamond drilling program at Treaty Creek has been designed to test the north and
northeast mineral extensions of the Goldstorm Deposit where drilling in 2021 and 2022 intercepted the
highest grades of gold, copper and silver mineralization at the Treaty Creek Project. These results
contributed to a significantly upgraded Mineral Resource Estimate (the "
March News Release
"), which
reported an Indicated Mineral Resource of 23.37 million ounces (Moz) of gold equivalent (AuEQ) grading
1.13 g/t AuEQ and an Inferred Mineral Resource of 7.35 Moz of AuEQ grading 0.98 g/t AuEQ.
In addition
to the northern step-out drilling at the Goldstorm Deposit, the Company plans to carry out exploration
drilling at the Perfectstorm Zone ("PSZ") to follow up on six drill holes that were drilled in 2020 and 2021
which all intercepted gold and silver mineralization, highlighted by hole PS-21-06 which returned 118 m
of 0.66 g/t gold, 3.69 g/t silver including 31.5 m of 0.84 g/t gold, 6.09 g/t silver. PSZ is a gold-dominant
mineralized system measuring 1.3 kilometers (km) in strike length and is located approximately 2.5 km
southwest of the Goldstorm Deposit and approximately 2.5 km northeast of Seabridge Gold's Iron Cap
Deposit near the southwestern boundary of the Treaty Claim block.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 - Standards of
Disclosure for Mineral Projects ("NI 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.
About Treaty Creek
The Treaty Creek Project hosts the Goldstorm Deposit, a large gold-copper porphyry system, as well as
several other mineralized zones. As disclosed in the
March News Release
, the Goldstorm Deposit has
an Indicated Mineral Resource (as defined in NI 43-101) 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 (as defined in NI 43-101)
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.
About Tudor Gold Corp.
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 Newcrest Mining'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:
Cautionary Note Regarding Forward-looking Information
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.
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 – Planview Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4494/168869_tudorgoldimage1.jpg
Hole GS-23-167 Core Photos
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https://images.newsfilecorp.com/files/4494/168869_tudorgoldimage2.jpg
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/168869