Tudor Gold Reports 115.5m of 1.31 g/t Gold at Treaty Creek, Including 39m of 2.38 g/t Gold
Tudor Gold Reports 115.5m of 1.31 g/t Gold at Treaty
Creek, Including 39m of 2.38 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - December 14, 2017) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the
"Company" or "Tudor Gold") is pleased to report on results from hole CB-17-24 from its 2017 drill program in the Copper Belle
zone of the Company's Treaty Creek property in north-western B.C.
CB-17-24, a step-out hole drilled this year on the Copper Belle zone, intersected various mineralized zones where
the most significant was 115.50 meters of continuous mineralization grading 1.31 g/t
onne
gold
from 60.50 to 176.00
meters depth
, including a higher grade intercept
of
57m
grading
1.97 g/t
gold
from 111.5 to 168.5m
.
A second interval
occurs deeper in the hole, grading 0.83 g/t over 60m, from 228.5 to 268.50m. Hole CB-17-24 was collared above the ice 166
meters south of CB-16-03. Complete results are pending for the remaining 22 holes.
Drill results for hole CB-17-24 are summarized in the table below:
Hole-ID
From (m)
To (m)
Interval (m)*
Au (g/t)
Ag (g/t)
Cu (%)
CB-17-24
60.50
176.00
115.50
1.31
4.4
0.022
including
111.50
168.50
57.00
1.97
7.3
0.025
Including
125.00
164.00
39.00
2.38
8.3
0.026
228.50
288.50
60.00
0.83
5.5
0.021
435.50
486.50
51.00
0.609
1.8
0.008
including
483.50
486.50
3.00
5.675
14.0
0.001
665.00
690.50
25.50
0.18
2.1
0.301
*True widths of the mineralization have not been determined.
The Copper Belle resource delineation drill program was completed with 27 holes to depths below 700 meters and with step
outs of 50 meters where topography permitted. Over 13,722 meters of drilling was completed on the Copper Belle zone in 2017.
Walter Storm, President and CEO
, stated: "We are learning a great deal with each assayed hole at Copper Belle and are
delighted to report long intercepts of mineralization as we move towards Seabridge's Iron Cap Deposit. It is worthwhile to note
that deeper into the mineralized system we are seeing more silver and copper. The next 22 holes still in the assay laboratory are
expected to divulge the overall size and continuity of mineralization and should provide enough data to produce a resource
estimate at Copper Belle."
Results from additional drill holes of the 2017 drill program at Copper Belle are still pending. Drill holes targeted the mineralized
zone on Copper Belle and all holes to date have intersected long intervals of mineralization to depth. Drill holes were targeted
oblique to the northwesterly plunge of the main mineralized zone. The drill program was designed for 50 meter step-outs across
the mineralized zone to create a block of delineated mineralization for a preliminary resource estimate. All drill holes were down
hole surveyed at 25 m stations using a Reflex Multi-shot device.
A location map of drilling:
To view an enhanced version of the location map of drilling, please visit:
http://orders.newsfilecorp.com/files/4494/31288_a1513193497430_60.jpg
The Company's 2016 Magnetotelluric Geophysical Survey program (MT Survey) was effectively utilized as a guide for the drill
program. The MT Survey suggests that the mineralization continues to the south, toward the Iron Cap deposit of Seabridge Gold
Inc. The MT Survey also suggests that the mineralized zone continues in all directions. Tudor Gold's 2017 drill program was
located five kilometers north of the Iron Cap deposit and the Company intends to step out to the south in its 2018 program to see
if it can determine a relationship between the two areas.
Drill hole samples were assayed by Activation Laboratories Ltd. in Kamloops, 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. Activation Laboratories quality system complies with the requirements for the International
Standards ISO 17025: 2005.
The Qualified Person for the Treaty Creek results in this new release is James McCrea, P.Geo. for the purposes of National
Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure
contained in this news release.
About Tudor Gold
Tudor Gold is a precious and base metals explorer in British Columbia's Golden Triangle, an area which hosts multiple past-
producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in
both the Electrum and Treaty Creek properties, and a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and
the High North properties, all of which are located in the Golden Triangle area.
"Walter Storm"
Walter Storm
President and Chief Executive Officer
For further information, please visit the Company's website at
www.tudor-gold.com
or contact:
CHF Capital Markets
Cathy Hume
CEO
Tel: 416-868-1079 x 231
Email:
Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated"
and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking
information and are based on the Company's current belief or assumptions as to the outcome and timing of such future
events. Actual future results may differ materially.
All statements other than statements of historical fact included in this release, including, without limitation, statements
regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or
expectations of the Company are forward-looking statements that involve various risks and uncertainties. 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. Forward-looking statements are based on a number of material factors and
assumptions. Important factors that could cause actual results to differ materially from Company
'
s expectations include
actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates,
future metal prices, availability of capital and financing on acceptable terms, general economic, market or business
conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a
timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental
impacts on operations and costs to remedy same, and other exploration or 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 actions, events or results to differ from those described in forward-looking statements, there
may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no
assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place
undue reliance on forward-looking statements.
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.