Tudor Gold Intersects 20.86 g/t AuEQ over 4.5 Meters Within 25.5 Meters of 9.96 g/t AuEQ with a 500 Meter Northeast Step-Out Hole GS-22-134 at the Goldstorm Deposit, Treaty Creek Property, Northern British Columbia
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2022) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or "Tudor Gold") is pleased to present the second set of drill results for Phase l of the 2022 exploration program (the "Program") at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
Ken Konkin, President and CEO, comments, "Continuing from the impressive drill results presented in the July 12th 2022 Press Release that reported a 200 m northeastern step-out from the 2021 program, we are extremely pleased to present the second set of results of our 2022 Goldstorm resource expansion drill program. The previously announced GS-22-133(0.91 g/t AuEQ over 600.0 m, with an enriched zone of 1.51 g/t AuEQ over 237.3 m) is extremely consistent with the results obtained from GS-22-134 that yielded 0.97 g/t AuEQ over 663.0 m, with an enriched zone of 1.76 g/t AuEQ over 205.5 m. These holes are located approximately 300 m apart. Significantly, we also discovered a high-grade pulse of gold mineralization within GS-22-134 that carried 20.86 g/t AuEq over 4.5 m within a 25.5 m zone of 9.96 AuEQ, which displayed 17 occurrences of free visible gold within stockwork veins. In addition, we are seeing continued success with drill holes completed on the DS5 domain. Step-out drilling that has expanded the area of this domain includes GS-22-137 which contained 1.44 g/t AuEQ over 232.5 m, with an enriched zone of 2.03 g/t AuEQover 60.0 m. The Goldstorm deposit remains open in all directions and at depth. Drilling at our newly discovered CBS system provided positive results with numerous at surface intercepts that ranged between 1.00 g/t AuEQ to 1.53 g/t AuEQ over 7.5 m to 9.4 m, with a deeper intercept that grades 0.77 g/t AuEQ over 79.5 m. Continued drilling is recommended for the CBS Zone, however, for the remainder of this season all drills will continue drilling at Goldstorm, as the extent of this deposit continues to expand with extremely positive results. We have stepped out approximately half a kilometer with outstanding and consistent results and we will continue to drill step-out holes for 2022."
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation plan on several areas including the Goldstorm Deposit and the Eureka and Calm Before the Storm zones. Results included in this press release are reported from eight diamond drill holes; four that were drilled on the Goldstorm Deposit from sections 112+00 and A, and four that were drilled on the Calm Before the Storm Zone (CBS). Seven out of eight holes were targeted outside the 2021 Mineral Resource Estimate area (see link: corresponding Treaty Creek plan map and sections).
GOLDSTORM DEPOSIT
SECTION A
GS-22-134 stepped out on the 300H and CS600 resource area and returned 663.0 m grading 0.97 g/t AuEQ. The hole ended 500 m to the northeast from the 2021 drilling, well outside the existing resource estimate area. A high-grade interval of 9.96 g/t AuEQover 25.5 m contained an enriched zone of 20.86 g/t AuEQ over 4.5 m. This 25.5 m interval of a newly discovered high-grade gold pulse contained 17 occurrences of visible gold and is interpreted to be either a continuation of CS600 or a separate intrusive stock that is genetically related to CS600.
GS-22-136 stepped out on the DS5 resource area and returned 34.5 m of 2.64 g/t AuEQ within 82.7 m of 1.62 g/t AuEQ. GS-22-136 stepped out 80 m from the 2021 drilling and tested the continuity of mineralization proximal to the Treaty Thrust Fault 2 (TTF2).
GS-22-137 stepped out on the DS5 resource area and returned 232.5 m of 1.44 g/t AuEQ within 442.5 m of 1.02 g/t AuEQ (DS5). An intersection of CS600 was also observed; previously it was hypothesized that CS600 could be pinched off to the east. Both intersections significantly improve the understanding of the size and continuity of both the CS600 and DS5 and will be valuable additions to the next resource estimate. GS-22-137 stepped out 125 m from the 2021 drilling.
SECTION 112+00 NE
GS-22-138 tested the southern boundary of the DS5 resource area and returned 33.5 m of 1.00 g/t AuEQ within 108.0 m of 0.70 g/t AuEQ. This hole also provided infill drilling of CS600 which confirmed with a near surface copper-gold intersection of 241.5 m of 0.80 g/t AuEQ.
CALM BEFORE THE STORM (CBS)
SECTION CBS
CBS-22-04 confirmed the near surface mineralization with an intersection of 8.85 m of 1.30 g/t AuEQ. A second deeper intersection returned 42.25 m of 1.03 g/t AuEQ within 79.5 m of 0.77 g/t AuEQ.
CBS-22-05 confirmed the near surface mineralization with an intersection of 9.7 m of 1.00 g/t AuEQ. A second deeper intersection returned 12.0 m of 1.00 g/t AuEQ within 30.0 m of 0.67 g/t AuEQ.
CBS-22-06 confirmed the near surface mineralization with an intersection of 7.5 m of 1.04 g/t AuEQ.
CBS-22-07 confirmed the near surface mineralization with an intersection of 7.5 m of 1.56 g/t AuEQ.
Table 1: Drilling Results Goldstorm and CBS in Press Release July 19, 2022
Section
Hole
From (m)
To (m)
Interval (m)
Au (g/t)
Ag (g/t)
Cu (ppm)
AuEQ (g/t)
A
GS-22-134 (300H)
601.50
711.00
109.50
1.08
1.21
34
1.10
And (CS600)
879.00
1542.00
663.00
0.83
2.07
965
0.97
Including
1320.00
1525.50
205.50
1.61
0.72
1220
1.76
Or
1474.50
1500.00
25.50
9.66
1.23
2436
9.96
Or
1474.50
1479.00
4.50
20.61
1.50
1968
20.86
A
GS-22-136 (DS5)
906.00
988.70
82.70
1.55
4.56
141
1.62
Including
907.50
942.00
34.50
2.59
3.61
70
2.64
A
GS-22-137 (CS600)
478.50
573.00
94.50
0.49
5.53
643
0.63
Including (DS5)
531.00
547.50
16.50
1.16
3.27
606
1.27
And
733.50
1176.00
442.50
0.96
4.03
168
1.02
Including
906.00
1138.50
232.50
1.34
6.45
220
1.44
Or
1056.00
1116.00
60.00
1.90
7.88
266
2.03
112+00 NE
GS-22-138 (CS600)
136.00
377.50
241.50
0.48
7.57
1962
0.80
Including
148.00
163.00
15.00
0.67
8.36
2729
1.09
And (DS5)
589.00
697.00
108.00
0.64
4.08
94
0.70
Including
589.00
622.50
33.50
0.89
7.95
169
1.00
CBS
CBS-22-04
4.65
13.50
8.85
1.27
2.22
21
1.30
And
307.50
387.00
79.50
0.62
13.18
36
0.77
Or
307.50
349.75
42.25
1.01
1.48
38
1.03
CBS
CBS-22-05
3.80
36.00
32.20
0.50
1.23
25
0.52
Including
3.80
13.50
9.70
0.98
1.68
23
1.00
And
217.50
247.50
30.00
0.66
0.54
9
0.67
Including
217.50
229.50
12.00
0.99
0.95
10
1.00
CBS
CBS-22-06
6.00
31.50
25.50
0.50
0.43
22
0.51
Including
6.00
13.50
7.50
1.03
0.56
20
1.04
CBS
CBS-22-07
6.00
45.00
39.00
0.58
0.87
22
0.60
Including
7.50
15.00
7.50
1.55
0.60
21
1.56
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 July 19, 2022
Section
Hole ID
UTM E NAD 83
UTM N NAD 83
Elevation (m)
Azi (ᵒ)
Dip (ᵒ)
Depth (m)
A
GS-22-134
428936.0
6273443.2
1391.0
326
-57
1584
A
GS-22-136
429166.0
6273029.4
1220.1
295
-85
996
A
GS-22-137
429049.2
6273267.2
1225.3
320
-80
1176
112+00 NE
GS-22-138
428856.6
6272854.5
1244.6
295
-84
742
CBS
CBS-22-04
430725.0
6273999.1
980.5
200
-54
469
CBS
CBS-22-05
430725.0
6273999.2
980.7
200
-60
548.5
CBS
CBS-22-06
430725.2
6273999.6
980.7
200
-70
555
CBS
CBS-22-07
430725.7
6273999.5
980.5
180
-65
579
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. 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.
"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: chris.curran@tudor-gold.com
or
Carsten Ringler Head of Investor Relations and Communications Phone: +49 151 55362000 E-Mail: carsten.ringler@tudor-gold.com
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.
