Tudor Gold Reports 90.5m of 1.21 g/t Gold at Treaty Creek, Including 70.5m of 1.47 g/t Gold
Tudor Gold Reports 90.5m of 1.21 g/t Gold at Treaty
Creek, Including 70.5m of 1.47 g/t Gold
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2018) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company"
or "Tudor Gold") is pleased to report on results from its 2017 drill program on the Copper Belle zone of the Company's Treaty
Creek property in north-western B.C..
CB-17-
12
, a step-out hole drilled on the Copper Belle zone, intersected various mineralized zones where the most
significant was
90
.5m of continuous mineralization grading 1.
2
1 g/t
onne
gold
from
24
to 1
14
.
5
m depth
, including a
higher grade intercept
of
7
0.5
m
grading
1.
4
7 g/t
gold
from
31
.5 to 1
02
m
.
Hole CB-17-12 was a 564m hole that was
collared adjacent to the west side of the Treaty glacier where ice ablation (glacier melt-back) has exposed new opportunities for
exploration access. Hole CB 17-12 is 110m south of CB-16-03 that graded 1.11 g/t Au for 58m from 88 to 146m; and 0.97 g/t
Au for 122m from 304 to 426m. Hole CB 16-03 was drilled uphill at a higher elevation (see map).
Drill results for hole CB-17-12 are summarized in the table below:
Hole-ID
From (m)
To (m)
Interval (m)*
Au (g/t)
Ag (g/t)
Cu (%)
CB-17-12
24.00
114.50
90.50
1.21
4.22
0.016
including
31.50
102.00
70.50
1.47
5.26
0.018
147.50
198.50
51.00
0.84
3.44
0.019
206.00
228.50
22.50
1.05
0.66
0.004
*True widths of the mineralization have not been determined.
Walter Storm, President and CEO
, stated: "
We are
delighted to start the New Year with
additional
encouraging results from
our 2017 exploration program at Copper Belle.
The
long intercepts of
gold/silver
mineralization
start
ing
near surface,
continue to
demonstrate the pervasiveness of this gold system
with
excellent
grades to date
that are
open
at the south and
north extensions.
More assays have been received and
should be available within
one
week
.
"
The Copper Belle 2017 resource delineation program comprised 27 drill holes to depths below 700m (an estimated 13,722m)
and step-outs of 50m where topography permitted. Results from additional drill holes of the 2017 drill program at Copper Belle
are still pending. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of
delineated mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m
stations using a Reflex Multi-shot device.
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 southwest, toward the Iron Cap deposit of Seabridge
Gold Inc. The MT Survey also suggests that the mineralized zone is open along strike and to depth. 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 confirms 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 A. 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.
Copper Bel
le Location Map at Treaty Creek
To view an enhanced version of
Copper Bel
le Location Map at Treaty Creek
, please visit:
http://orders.newsfilecorp.com/files/4494/31840_a1515513337318_39.jpg
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 world class 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:
Tudor Investor Relations:
Barry Holmes
Ph: 778-587-2074
Email:
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.
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.