TUDOR GOLD COMMENCES 2024 EXPLORATION DRILL PROGRAM AT TREATY CREEK, NORTHWEST BRITISH COLUMBIA
Vancouver, British Columbia, Canada – May 9, 2024 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: H56) (the “Company” or “Tudor”) is pleased to announce that crews are on site preparing camp and drill locations for the Company’s upcoming 2024 exploration program at its flagship Treaty Creek Project, located in the Golden Triangle of Northwest British Columbia. Two diamond drills were mobilized to the project on May 7th and 8th and drilling is expected to commence on May 9th.
Phase 1 of the 2024 exploration program is expected to consist of approximately 10,000 meters (m) of diamond drilling at the Goldstorm Deposit. The primary objective of the Phase 1 drill program is to expand and upgrade the recently released Mineral Resource Estimate (news release dated April 8, 2024). Several drill holes have been designed as step-out drilling to the high-grade Supercell One (SC-1) system identified in 2023 (news release dated February 1, 2024). Supercell One is a gold dominant, quartz-sulphide, breccia-hosted structural corridor open to the northwest, north and east.
Previous drilling results from Supercell One include the following high-grade gold intercepts:
GS-23-176-W1: 15.00 m @ 15.64 grams/tonne (g/t) AuEQ (14.89 g/t gold (Au), 4.72 g/t silver (Ag), 0.60% copper (Cu))
GS-22-134: 25.50 m @ 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu)
Including 4.50 m @ 20.86 g/t AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu)
GS-23-179: 12.00 m @ 10.07 g/t AuEQ (9.78 g/t Au, 1.35 g/t Ag, 0.23% Cu)
Click the following links to view the corresponding SC-1 plan view map and drill sections.
Drilling will take place from two drill pads that were built last fall in preparation for this program. One drill rig is positioned just beyond the northern limit of known mineralization and the second rig is located at the northeastern boundaries of the Goldstorm Deposit. Drilling will focus on an area located between 200-250 m northeast of the current Mineral Resource limit.
Diamond Drill 1 is to be mobilized to Pad 12 (Section A) to complete three holes. Drill holes 12A and 12B will further test the 100 m down-dip extension of the CS-600 domain and the projection of the SC-1 system to the north and at depth. Drill hole 12C is an infill hole, testing the continuity and following up on the impressive results from drill holes GS-23-176-W1 (1.23 g/t Au, 2.93 g/t Ag, 0.12% Cu over 601.5 m) and GS-23-179 (1.16 g/t Au, 2.25 g/t Ag, 0.19% Cu over 223.5 m). Our planned hole 12C is estimated to intersect a distance of approximately 140 m east of GS-23-176-W1 and 120 m west of GS-23-179.
Diamond Drill 2 is to be mobilized to Pad 13 (Section B), currently the furthest northeast step-out on the deposit to date, to complete four drill holes. All four drill holes are targeting the northeast extension of the CS-600 domain and the nested SC-1 system in a regularly spaced drill fence. Drill holes 13A and 13B are to target a northward 200-m step-out of the lower CS-600 domain to the northwest and east of drill hole GS-23-179 by approximately 120 m. Drill holes 13C and 13D are designed to increase drilling density and potentially upgrade the resource category from Inferred to Indicated in the CS-600 and DS5 domains, laterally and at depth.
Ken Konkin, President & CEO of Tudor Gold, comments: "We are very excited to begin the 2024 diamond drill hole program well beyond the known northern and northeastern limits of the Goldstorm Deposit. I would like to congratulate our field crews for completing a safe and efficient start-up of the program which is designed to pierce areas that have been identified as high-grade gold targets in the newly identified Supercell One (SC-1) breccia system. Three wide-spaced drill holes have previously intersected a tectonic structural corridor which hosts fine-grained visible native gold identified in drill hole GS-22-134 with 20.86 g/t AuEq over 4.5 m (20.61 g/t Au, 1.5 g/t Ag, 0.20% Cu) within 25.5 m of 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu). Subsequent exploration drilling intersected the same auriferous, hydrothermal, late-stage breccia zone with drill holes GS-23-176-W1 with15.64 g/t AuEQ over 15.0 m (14.89 g/t Au, 4.72 g/t and Ag, 0.60% Cu)and GS-23-179 with 10.07 g/t AuEq over 12.0 m (9.78 g/t Au, 1.35 g/t Ag and 0.23% Cu). These three holes identified a geological target that occurs along a 400-m down-dip projection near the upper contact area of the CS-600 domain. In addition to testing the SC-1 high-grade breccia, the proposed Phase 1 drill holes are designed to expand and convert much of the inferred mineralization within the CS-600 and DS5 domains that is estimated to contain approximately six million ounces of gold-equivalent resource grading 1.25 g/t AuEq. Our concept is to add as much high-grade ounces to our current Estimated Mineral Resource of 26.9 million ounces of 1.19 g/t AuEq. With the completion of this year’s program, we expect to publish a Preliminary Economic Assessment of our Goldstorm Deposit planned for release in late Q1 or early Q2 2025."