Tudor Gold Provides Updates and Review of Its 2021 and 2022 Drill Programs Completed at Its Treaty Creek Project, Located in the Golden Triangle of British Columbia
Tudor Gold Provides Updates and Review of
Its 2021 and 2022 Drill Programs Completed at
Its Treaty Creek Project, Located in the Golden
Triangle of British Columbia
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2022) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: H56
) (the "
Company
" or "
Tudor Gold
") is pleased to present the following review of its 2021
and 2022 drill programs (the "
Programs
") completed at its Treaty Creek gold-copper project (the
"
Property
") located in the heart of the prolific Golden Triangle Mining Region of Northwestern British
Columbia.
The objective of the drill programs in 2021 (
totalling 30,108 meters (m) over 30 drill holes
) and 2022
(
totalling 42,318 m over 55 drill holes
) at Treaty Creek was to complete an aggressive resource
expansion and delineation plan on the Goldstorm Deposit. In addition, reconnaissance drilling was
conducted and resulted in several discoveries at the Perfectstorm (PS), Eureka (EZ) and Calm Before
the Storm (CBS) zones. Despite drilling over 70,000 m at Treaty Creek since the initial mineral resource
estimate, the Goldstorm Deposit remains open to the south, north, northeast and at depth. (See below at
the end of the release to review a table of previously reported drill intercepts from the Programs. Click
the following link to view:
corresponding images of the Goldstorm Deposit
.)
Highlights of the 2021 and 2022 drill programs include
:
Excellent results from infill and step-out drilling
,
which consistently encountered stronger than
expected gold, copper and silver mineralization outside the previously defined resource area of the
Goldstorm Deposit to depth and along the northeastern axis by at least 500 m to the north and
northeast. Drill holes in this area were observed to intercept higher grades than those derived from
the 2021 Initial Mineral Resource Estimate;
Extended hole GS-21-113-W2 by 280.1 m
, which intercepted higher gold and copper grades at
depth within the northern step-out area of the Goldstorm Deposit. This hole returned an
intercept
of 1,497.5 m of 1.12 g/t AuEQ (0.76 g/t Au, 3.70 g/t Ag, 0.27 % Cu)
with the strongest
mineralization occurring between 1520 m and 1688 m down hole, averaging
2.48 g/t AuEQ (1.41
g/t Au, 9.07 g/t Ag, 0.82 % Cu) over 168 m
;
Drilled a number of
new
high-grade intercepts bearing visible gold mineralization
within
and outside the boundaries of the Goldstorm Deposit, most notably hole GS-22-134, which
returned
20.86 g/t AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20 % Cu) over 4.5 m within a 25.5 m
zone of 9.96 AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24 % Cu)
, and displayed 17 occurrences of
visible gold within quartz-pyrite stockwork veins;
Encountered stronger than expected copper grades
within the CS600 domain of the
Goldstorm Deposit, most notably hole GS-22-159 which returned an intercept of
1.71 g/t AuEQ
(0.92 g/t Au, 6.10 g/t Ag and 0.61 % Cu) over 180 m.
This drill hole ended in strong copper
mineralization centred on a much larger composite of
489.0 m averaging 1.12 g/t AuEQ
(0.66 g/t
Au, 3.60 g/t Ag, 0.36 % Cu
);
Confirmed the discovery of a new mineralized zone known as Route 66
located in the
southern portion of the Goldstorm Deposit.
This new higher-grade gold zone was initially
intercepted in 2020 by hole GS-20-66 and was followed up in 2022 by hole GS-22-135; a 100 m
step-out hole which intercepted the up-dip expression of the zone, returning
1.42 g/t AuEQ over
55.5 m (1.38 g/t Au, 1.03 g/t Ag, 0.02 % Cu)
;
Improved the definition and spatial continuity of the Goldstorm porphyry system
which is
comprised of four separate mineral domains over an area that measures approximately 2,500 m in
length, 1,000 m in width and 1,400 m in depth.
The Goldstorm Deposit remains open to the
south, north, northeast and at depth
;
New drill discoveries made at Perfectstorm, Calm Before the Storm and Eureka zones
with
several diamond drill holes intercepting significant gold, copper and silver mineralization. These
holes will be followed up by subsequent exploration programs, but the priority will be to drill off the
limits to the Goldstorm Deposit for 2023.
Ken Konkin, President and CEO
, comments: "Over the past two years, we have seen significant
expansion to our Goldstorm Deposit during these very successful drill campaigns, particularly in the
northern aspect of the deposit. Additionally, we exposed significant precious metal values in three other
bulk-tonnage targets: Eureka, Calm Before the Storm and Perfectstorm. Perfectstorm is the largest of
these three targets and is located equidistant between the Goldstorm Deposit and Seabridge Gold's
Iron Cap Deposit, a mere three kilometers from each of those deposits. The Treaty Creek project
continues to hold incredible geological potential for discovery of several large intrusive-related and
porphyry-type targets. One of the biggest highlights of the 2021-2022 drilling programs was discovery of
a structural corridor located in northern aspect of the step-out drilling which hosts significant fine-grained
to coarse-grained visible native gold. In drill hole GS-22-134, our geologists observed
17 grains of
native gold over 4.5 m that averaged 20.86 AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20 % Cu)
(
Press
Release 2022-07-19
). We have not specifically targeted this high-grade corridor, yet numerous drill
holes intersected visible gold within the northern aspect to the step-out drilling, this is something we did
not expect. We look forward to continuing the step-out drilling in 2023. One very important aspect to
consider with the Goldstorm Deposit is that the not only are the gold-copper-silver composites grades
increasing to the north, but we are maintaining a very high-level of grade consistency throughout this
area. As the saying goes: if grade is king of the deposit, then surely consistency should be queen; we
clearly have demonstrated that we have excellent consistency throughout the entire deposit."
Results from the 2021 and 2022 drill programs will be included in the next updated Mineral Resource
Estimate on the Goldstorm Deposit, which is anticipated to be released in the first half of 2023.
Tudor
Gold's objective is to optimize the current Mineral Resource by concentrating on higher grades to
increase the overall quality of gold, silver, and copper resources. As a result, the Company is focused on
delivering an enhanced Mineral Resource Estimate on the Goldstorm Deposit which will improve the
overall prospects of the Treaty Creek Project as it advances towards a Preliminary Economic
Assessment (PEA).
Table 1. Select Drilling Highlights from the Goldstorm Deposit at Treaty Creek
(Completed in
2021 and 2022)
Hole
Purpose
Zone(s)
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
AuEQ
(g/t)
GS-21-110
Infill
DS5
598.5
1072.5
474.0
0.98
3.99
75
1.04
Including
853.5
1069.5
216.0
1.62
6.88
101
1.71
With
898.5
1029.0
130.5
2.29
7.83
106
2.39
GS-21-113
Step-out
300H + CS600
255.0
1227.0
972.0
0.91
3.66
2647
1.27
Including (300H)
255.0
711.0
456.0
1.30
3.34
101
1.35
With
552.0
699.0
147.0
2.56
7.04
78
2.65
And including (CS600)
822.0
1227.0
405.0
0.65
4.64
6179
1.44
With
892.5
1165.5
273.0
0.77
5.50
8436
1.83
GS-21-116
Infill
300H + CS600
296.0
1388.0
1092.0
0.52
2.84
1653
0.75
Including (300H)
318.5
534.5
216.0
0.72
3.97
352
0.81
With
477.5
534.5
57.0
1.18
6.79
501
1.32
And including (CS600)
1040.0
1388.0
348.0
0.62
3.42
4379
1.18
With
1080.5
1341.5
261.0
0.70
2.99
5521
1.39
GS-21-119
Step-out
DS5
726.0
1290.0
564.0
0.96
8.45
244
1.09
Including
861.0
1057.5
196.5
1.62
10.31
153
1.76
GS-21-124
Infill
300H
33.0
1122.0
1089.0
0.69
3.18
195
0.75
Including
33.0
509.1
476.1
1.02
3.68
225
1.09
With
378.0
504.0
126.0
1.42
3.62
311
1.50
GS-22-133
Step-out
300H
670.5
711.0
40.5
1.35
0.63
24
1.36
CS600
804.0
1404.0
600.0
0.60
2.35
2414
0.91
Including
1081.5
1318.8
237.3
0.89
3.97
4895
1.51
GS-21-113-W2
Step-out
300H + CS600
255.0
1752.5
1497.5
0.76
3.70
2685
1.12
300H
255.0
352.5
97.5
1.25
2.16
78
1.28
CS600
1019.0
1751.0
732.0
0.91
5.65
5314
1.60
Including
1520.0
1688.0
168.0
1.41
9.07
8153
2.48
GS-22-139
Step-out
DS5
714.0
1152.0
438.0
0.96
7.33
171
1.07
Including
735.0
907.4
172.4
1.17
13.57
283
1.36
And
997.5
1112.0
114.5
1.21
3.23
74
1.26
GS-22-146
Infill
300H
168.5
686.0
517.5
1.02
4.17
285
1.10
Including
582.5
684.5
102.0
2.48
8.88
491
2.64
With
672.5
683.0
10.5
8.77
62.44
410
9.55
CS600
1274.0
1362.5
88.5
1.85
2.39
1843
2.10
Including
1275.5
1299.5
24.0
4.50
1.10
1740
4.72
GS-22-154
Step-out
300H
418.5
598.5
180.0
1.97
3.72
124
2.02
Including
429.0
522.0
93.0
3.12
4.59
101
3.18
With
438.0
495.0
57.0
4.30
5.91
96
4.38
Or
438.0
453.0
15.0
7.76
6.48
63
7.84
CS600
1251.0
1450.5
199.5
0.45
6.01
4366
1.04
Including
1299.0
1398.0
99.0
0.52
8.83
5686
1.30
GS-22-158
Step-out
CS600
793.5
1386.0
592.5
0.73
3.17
3369
1.16
Including
867.0
945.0
78.0
1.01
5.37
3606
1.50
And
1110.0
1345.5
235.5
0.87
3.98
4887
1.50
With
1219.5
1333.5
114.0
1.04
5.17
6090
1.82
GS-22-159
Step-out
300H
651.0
726.0
75.0
1.56
4.90
82
1.63
Including
667.5
679.5
12.0
4.76
11.32
94
4.91
CS600
1140.3
1629.0
489.0
0.66
3.60
3574
1.12
Including
1291.5
1471.5
180.0
0.92
6.10
6131
1.71
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.
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.
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 - Goldstorm Deposit - Plan View
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GOLDSTORM DEPOSIT 2021 / 2022 Drilling Highlights
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https://www.newsfilecorp.com/release/147953