Tudor Gold's Step-Out Drill Hole GS-21-119 Successfully Expands the Goldstorm System to the Northeast with 1.76 g/t Gold Eq over 196.5 Meters Within 564.0 Meters Containing 1.09 g/t Gold Eq, as Well Cuts Near-Surface Gold Mineralization at the Eureka Zone with
Tudor Gold's Step-Out Drill Hole GS-21-119
Successfully Expands the Goldstorm System
to the Northeast with 1.76 g/t Gold Eq over
196.5 Meters Within 564.0 Meters Containing
1.09 g/t Gold Eq, as Well Cuts Near-Surface
Gold Mineralization at the Eureka Zone with
0.76 g/t Gold Eq over 217.5 Meters at Treaty
Creek
Vancouver, British Columbia--(Newsfile Corp. - September 27, 2021) - Tudor Gold Corp. (
TSXV: TUD
)
(
FSE: TUC
) (the "
Company
" or "
Tudor Gold
") is pleased to present the third set of results for the 2021
resource expansion and definition drilling program for the Goldstorm Deposit at their flagship property,
Treaty Creek. The project is located in the heart of the Golden Triangle of northwestern British Columbia
and is on-trend from Seabridge's KSM Project located five kilometers southwest of the Goldstorm
Deposit. Results from four diamond drill holes have recently been received from MSA Labs. Exploration
at Treaty Creek is ongoing at Goldstorm and Eureka Zones.
Treaty Creek, Drilling Highlights include:
Extended the DS-5 Domain 100 meters north of GS-21-112 (core zone of 2.08 g/t AuEq
over 79.5 m within 219.0 m containing 1.29 g/t AuEq) with step-out hole GS-21-119 with a
strong, consistent mineralized core zone intercept of 196.5 m containing 1.76 g/t AuEq
within a broader zone of 564.0 m containing 1.09 g/t AuEq.
Confirmed consistent mineralization in GS-21-116 over a long interval of 1092.0 m grading
0.75 g/t AuEq that includes the 300H and CS-600 domains.
Near-surface mineralization encountered at Eureka Zone in EK-21-01 with 67.5 m of 1.13
g/t AuEq within 217.5 m averaging 0.76 g/t AuEq.
Eureka Zone remains open in all directions and at depth.
Goldstorm Deposit remains open in all directions and at depth as drilling continues.
The complete list of composited drill hole results as well as the drill hole data including hole location,
elevation, depth, dip and azimuth are provided in Table 1 and Table 2, respectively. Please click on the
following link to view:
Plan Map and Cross Sections for the drill holes reported in this news release
.
Tudor Gold's Vice President of Exploration and Project Development, Ken Konkin, P.Geo.,
states
: "We are extremely pleased with our continued success with our step-out drilling at the Goldstorm
Deposit. Due to the success of hole GS-21-119 we plan to step-out further to the northeast before the
end of this year's drilling. This program demonstrates the emergence of higher-grade pulses of gold
mineralization within the 300 Horizon and a distinct central enriched gold zone within the DS-5 domain.
Similar enriched zones of copper mineralization within the CS-600 domain are also apparent. These are
"zones within zones" that give our domains a new common dynamic characteristic. Continued drilling is
required to better define and potentially expand these enriched pulses within our broad mineralized
domains."
Moreover, Ken Konkin also commented on the drill hole EK-21-01 at the Eureka target:
"In addition, we confirmed that a significant gold system exists at the Eureka Zone with mineralization
occurring near surface, which terminates in a regional thrust fault at depth. An interesting aspect of the
Eureka system is that the gold mineralization ends in what may be the same thrust fault that truncates the
DS-5 system at Goldstorm. The attached drill section shows the spatial relationship between the
Goldstorm Deposit and the Eureka Zone (Regional Section - Goldstorm to Eureka). The current
geological interpretation is that the DS-5 domain may connect to the Eureka Zone which adds another
dimension to the potential size of the Goldstorm Deposit.
Eureka drill hole EK-21-01 contains an
enriched central zone averaging 1.13 g/t AuEq over 67.5 meters that lies within 217.5 meters grading
0.76 g/t AuEq. Similarly, in drill hole GS-21-119, the DS-5 contains an enriched central core of gold
mineralization that yields an impressive 1.76 g/t AuEq over 196.5 meters within the overall intercept of
1.09 g/t AuEq over 564.0 meters. Due to the success of the step-out exploration drilling at the Goldstorm
Deposit, the Eureka drill was dispatched to continue the step-out drilling to the northeast at Goldstorm.
"Our primary goal remains to find the limits to the Goldstorm Deposit and to constrain the resources from
our Initial Mineral Resource Estimate of 19.41 million ounces of Measured and Indicated and 7.9 million
ounces of Inferred gold-equivalent ounces. We continue to intercept exceptional mineralization within the
defined domains and consistently identify extensions to these domains particularly to the northeast and
northwest, as well as at depth. Clearly, more drilling is required to further define the Goldstorm, Eureka
and Perfect Storm Zones for 2022."
Walter Storm, President and CEO
,
stated
: "We are very excited to see the continuing expansion of
the Goldstorm Deposit to the northeast with the release of these exceptional drill results. The geological
potential of the Treaty Creek Project is growing with each new drill hole.
All drill holes that have reached
their targeted depths have encountered significant precious metal mineralization. One very important
aspect about the furthest step-out drill hole GS-21-119, is that this vertical hole ended in gold
mineralization at 1290 meters. This hole had to be abandoned as the ice pad became too hazardous to
continue drilling and worker safety is always our number one priority. The Goldstorm Deposit remains
open in all directions and at depth. In addition to this, our exploration team continues to encounter
significant gold mineralization in other zones, such as the Eureka Zone. With the news of yet another
positive result from Tudor's first hole at the Eureka Zone (EK-21-01), the geological potential of this zone
has been up-graded to a priority near surface gold target. This drill hole was started with the largest
diameter core possible (PQ), then sized-down to HQ diameter core as the hole progressed. Our drill
crews were able to get excellent core recoveries in very fractured ground. We congratulate our drillers for
a successful campaign during these difficult times and look forward to releasing additional positive news
in the coming weeks as drilling continues to progress extremely well."
About the Eureka drill target:
The Eureka zone is located approximately 1000 meters southeast of the Goldstorm Deposit along the
western edge of an extensive, bright yellow-orange gossan zone covering over one square kilometer of
clay, sericite, quartz and pyrite alteration. Alteration overprints several different rock units, including
volcanic flows and breccias, plagioclase-porphyry intrusions, and minor sedimentary rocks. Alteration
mineralogy suggests a shallow magmatic hydrothermal or epithermal environment of formation, with the
potential to host gold-silver bearing veins and pervasive lower grade disseminated gold-silver
mineralization.
At the Eureka showing, outcrops are cut by veins infilled with fine to coarse-grained quartz, calcite, and
pyrite. Veins have steep dips with variable orientations and form weakly sheeted to stockwork zones. In
the Eureka zone and surrounding area about 20 holes have been drilled on various targets by previous
operators with poor core recoveries. Several long intervals of weakly elevated gold grades were
returned, such as 0.46 g/t Au over 169.2 m (DH 97-1) and 0.69 g/t Au, 2.9 g/t Ag over 75.5 m (TC07-02).
Additional drilling is required to better define the mineralized areas.
Table l: Results Goldstorm Zone and Eureka Zone Press Release September 27, 2021
Section
Hole
Zone
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu ppm
AuEQ (g/t)
111+00 NE
EK-21-01
Eureka
12.50
230.00
217.50
0.68
3.85
279
0.76
89.00
228.50
139.50
0.82
3.80
390
0.91
95.00
162.50
67.50
1.01
5.60
467
1.13
114+50 NE
GS-21-114*
300H
203.00
214.00
11.00
1.51
1.33
99
1.53
114+50 NE
GS-21-116
300H+CS600
296.00
1388.00
1092.00
0.52
2.84
1653
0.75
including
300H
318.50
534.50
216.00
0.72
3.97
352
0.81
with
477.50
534.50
57.00
1.18
6.79
501
1.32
and
636.50
707.00
70.50
0.91
3.58
303
0.99
CS6000
1040.00
1388.00
348.00
0.62
3.42
4379
1.18
including
1080.50
1341.50
261.00
0.70
2.99
5521
1.39
116+50 NE
GS-21-119
DS5
726.00
1290.00
564.00
0.96
8.45
244
1.09
including
861.00
1057.50
196.50
1.62
10.31
153
1.76
*
Hole shut down due to extreme deviation and redrilled as GS-21-116
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.
Table 2: Drill data for holes in Press Release September 27, 2021
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
111+00 NE
EK-21-01
429775.9
6272171.8
1380.5
312
-50
299
114+50 NE
GS-21-114
428656.9
6273199.7
1370.9
292
-65
215.8
114+50 NE
GS-21-116
428656.9
6273199.7
1370.9
295
-64
1529
116+50 NE
GS-21-119
429068.6
6273270.3
1222.1
295
-85
1290
Tudor Gold Corp. and our associated service companies have taken extreme measures to maintain the
highest professional standards while working within COVID-19 health and safety protocols. Only
essential personnel are permitted to enter the camp and staging areas. Of those workers who are at the
project site and staging site, we have strict daily monitoring of the workers temperatures and general
health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-
going Tudor personnel and all service providers.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the
Company's Vice President of Exploration and Project Development, 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
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 Pretium Resources Inc.'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. The Company also has a
100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the
Golden Triangle area.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
"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:
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.
Goldstorm and Copper Belle Deposits, Eureka Zone – Plan View
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/97827_tudorfig1.jpg
Goldstorm Deposit Section 116+50 NE View 030 +/- 75m
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/97827_tudorfig2.jpg
Goldstorm Deposit Section 114+50 NE View 030 +/- 100m
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/97827_tudorfig3.jpg
Eureka Zone Section 111+00 NE View 030, +/- 50m
To view an enhanced version of this map, please visit:
https://orders.newsfilecorp.com/files/4494/97827_tudorfig4.jpg