Tudor Gold’s Copper Belle Zone Expanded by First Two Drill Holes of 2018 at the Treaty Creek Project
NEWS RELEASE
Tudor Gold’s Copper Belle Zone Expanded by First Two Drill Holes of 2018
at the Treaty Creek Project
Vancouver, BC – August 24, 2018 – Tudor Gold Corp. (TSX.V: TUD) (Frankfurt: TUC) (the “Company” or “Tudor
Gold”) is pleased to report initial results from its 2018 drill program on the Copper Belle zone of the
Company’s Treaty Creek property in BC’s Golden Triangle of north-western BC. Gold, silver and copper
analyses have been received from the first two holes. To date, five holes have been completed, totaling 3,899
meters and the sixth and seventh holes are proceeding.
The gold assays from the first two drill holes indicate broad intervals of more than 300 meters of gold
mineralization that have expanded the known area of the Copper Belle zone, providing positive results that
will be used in future resource calculations. Significantly, the first sighting of coarse visible gold has been
made, within an interval that assayed 26.6 g/t gold over 1.5 meters in hole CB-18-32.
Copper Belle visible gold in CB-18-32
Walter Storm, President and CEO, stated: “We are extremely encouraged by the broad intervals of gold
mineralization encountered in the first two drill holes of the season at Copper Belle. The large step-outs with
the drills will quickly evaluate a significant area of the porphyry system and we are prepared to drill deeper
holes to explore the indications of continuing gold mineralization at depth. In addition, there is a three-
kilometer interval between Tudor Gold’s Copper Belle discovery and Seabridge Gold's Iron Cap deposit, in
which our magnetotelluric geophysical survey has identified strongly anomalous targets that have yet to be
drill tested.”
CB-18-31, the first hole of the season, is a step-out hole that has expanded the known extent of the Copper
Belle zone some 100 m to the west of previous drilling. CB-18-32, which is located 190 m south of hole 31,
has also extended the zone more than 100 m to the west. Current drilling continues to step out successfully
to the west in large jumps of 100 to 150 meters, providing information about a sizeable portion of the
porphyry-style mineralized system. The Copper Belle zone appears to be a relatively flat-lying body that is
located along trend, to the northeast of the Iron Cap Au-Cu deposit on the adjacent property of Seabridge
Gold Corp. Holes at Copper Belle in 2018 are testing a magnetic high that measures some 600 meters by 500
meters and has previously only been drilled along its eastern and southern margins. For locations of the 2018
and other holes in the Copper Belle area that are overlain on Total Magnetics contours, please view the map
below.
CB-18-31 intersected a 302 meter-long mineralized interval from 392.0 to 694.0 meters that averages 0.471
g/t gold. Within this section are zones of more intense silica alteration that contain greater concentrations of
pyritic mineralization, which have returned higher gold values, such as 1.908 g/t Au over 20.5 meters.
CB-18-32 intersected two broad zones of mineralization; the upper zone averages 0.662 g/t gold over 337.8
meters and also contains intervals of stronger alteration and mineralization, such as 1.036 g/t gold over 121.8
meters and 0.800 g/t gold over 49.5 meters. The lower zone, 90 meters downhole from the first, averages
0.395 g/t gold over 169.5 meters, with higher grade intervals such as 0.758 g/t gold over 31.5 meters. Strong
mineralization is present at the end of hole 32, indicating very good potential for continuing gold values at
depth.
Gold, silver and copper results for holes CB-18-31 and CB-18-32 are summarized in the table below:
Hole ID
From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Comments
-
CB-18-31
392.0 694.0 302.0 0.471 1.5 0.010 -
includes 392.0 428.0 36.0 0.681 3.8 0.016 -
and 479.5 500.0 20.5 1.908 3.5 0.010 -
and 528.9 599.5 70.6 0.660 1.9 0.016 -
and 634.0 640.0 6.0 2.112 2.0 0.003 -
and 662.6 680.5 17.9 0.620 2.4 0.019 -
EOH 748.0
CB-18-32
194.7 532.5 337.8 0.662 1.9 0.016
includes 194.7 316.5 121.8 1.036 106.0 -
with 37.0 m at
2.200 g/t Au
and 368.8 389.5 20.7 0.751 5.1 0.019
and 413.7 426.5 12.8 0.662 8.2 0.128
and 451.5 460.5 9.0 0.849 1.3 0.019
and 483.0 532.5 49.5 0.800 2.7 0.002
with 18.0 m at
1.477 g/t Au
623.0 792.5 169.5 0.395 1.5 0.025
includes 636.5 651.5 15.0 0.439 1.9 0.003
and 689.0 697.0 8.0 0.867 5.7 0.003
and 708.8 741.5 32.7 0.530 1.4 0.044
and 752.0 783.5 31.5 0.758 2.0 0.049
with 6.0 m at
1.282 g/t Au
EOH 794.0
* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined.
Earlier in the season, field crews examined and channel sampled a new zone of porphyry-style veining that has
recently been exposed by retreating glacial ice. This area is about 1.1 kilometers southwest of the Copper Belle
zone, toward the Iron Cap deposit, and has not been previously sampled. Of the twelve samples, several were
anomalous in gold, with values such as 0.522 g/t gold over 1.5 meters. Additional sampling in this new zone is
planned.
Copper Belle Drill Hole Locations on Total Magnetic Intensity
(“Warmer” Colours Indicate Higher Magnetic Intensity)
Drill core samples were prepared at ALS Global’s Preparation Laboratory in Terrace, BC and assayed at ALS
Global’s Geochemical Laboratory in North Vancouver, 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. ALS Global Laboratories quality system complies with the
requirements for the International Standards ISO 17025: 2005.
QP
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.
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 and Eskay 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: [email protected]
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
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