Tudor Gold drills 196.5 m of 1.76 g/t AuEq at Treaty
Tudor Gold drills 196.5 m of 1.76 g/t AuEq at Treaty
2021-09-27 18:35 ET - News Release
Mr. Walter Storm reports
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
Tudor Gold Corp. has released the third set of results for the 2021 resource expansion and definition drilling program for the Goldstorm deposit at its 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 kilometres southwest of the Goldstorm deposit. Results from four diamond drill holes have recently been received from MSA Labs. Exploration at Treaty Creek is continuing at Goldstorm and Eureka zones.
Treaty Creek drilling highlights include:
- Extended the DS-5 domain 100 metres 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 1,092.0 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.
Tudor Gold's vice-president of exploration and project development, Ken Konkin, PGeo, 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, Mr. 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 metres that lies within 217.5 metres 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 metres within the overall intercept of 1.09 g/t AuEq over 564.0 metres. 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 chief executive officer, 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 upgraded 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 1,000 metres southeast of the Goldstorm deposit along the western edge of an extensive, bright yellow-orange gossan zone covering over one square kilometre 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 gram per tonne 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.
Tudor Gold and the company's 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, the company has strict daily monitoring of the workers temperatures and general health conditions. The company has a certified paramedic at the staging area to examine all incoming and outgoing 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, PGeo. 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, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. 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 Corp.
Tudor Gold is a precious- and base-metal exploration and development company with properties in British Columbia's Golden Triangle (Canada), an area that hosts producing and formerly 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-per-cent 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 its National Instrument 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-per-cent interest in the Crown project and a 100-per-cent interest in the Eskay North project, all located in the Golden Triangle area.
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