Vancouver, British Columbia--(Newsfile Corp. - September 14, 2017) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or
"Tudor Gold") today announced that the HC mineralized zone of the HC deposit (the "HC Zone") within the GR2 claim block on the
60%-owned Treaty Creek project located in the "Golden Triangle, BC" (the "Treaty Creek Project") hosts a precious metal-rich,
polymetallic, volcanogenic massive sulphide and sulfosalt ("VHMS") mineralized system.
Walter Storm, President and CEO, stated: "We are very pleased with the results so far. We were attracted to the Treaty Creek
Project by the clear potential for extensive mineralized zones on our claims and the results from the HC Zone within the GR2 claim
block have exceeded our expectations. We look forward to the completion of a resource estimate on the HC Zone, and a resource
estimate on the Copper Belle project which is also well underway."
The HC Zone appears to be a complete precious metal-rich VHMS deposit in which the feeder vein system, the vent structures, and
the sulphides in a restricted sedimentary basin had been intersected. All three zones of the HC deposit carry elevated values of
gold. The feeder vein system also carries elevated silver and base metal (Pb, Zn, Cu) content.
The HC Zone shows elevated concentrations of gold, silver, Sb-sulfosalts hosted between a pervasively sericite-pyrite-chlorite
altered volcaniclastic sequence (bimodal mafic-felsic affinity), and restricted sedimentary basins where mudstones host sulfide
mineralization underlying stockwork base metal and precious metal veins. These characteristics are similar and unique to the nearby
Eskay Creek deposit. The highest grade, and most continuous precious-metal mineralization within the HC Zone, occurs as an apparent
stratabound zone at the contact of the footwall mudstone and the hydrothermally altered volcaniclastic sequence. This is
interpreted as being the product of a mineralizing growth-graben fault, proximal to felsic flows, ash tuffs, and felsic
conglomerates.
During the ongoing 2017 season, Tudor Gold has drilled 13 holes in the vicinity of, and to the north of the 9 holes drilled in
2007 and 11 holes in 2009 by American Creek Resources. Together, these 33 holes have produced consistent geology demonstrating the
continuity of the feeder vein system, the vent structure, and the sedimentary basin within the area bounded by these holes (assays
received up to HC-17-07, awaiting assays on all remaining 2017 holes).
The holes drilled by Tudor Gold and American Creek Resources cover approximately 400m along strike and 450m down dip at 50m
space increments in the direction of the main mineralized structure. Historical surface sampling carried out by previous operators
to both the north and south of the HC Zone indicates that the main mineralized structure extends at least for 3,000m along strike.
The entire 3,000m mineralized structure which hosts HC remains open to the north, south beyond the existing drill holes, and down
dip.
ASSAY RESULTS:
1. The Feeder Vein System: It is comprised of discordant veins hosted mainly in pervasively sericite-pyrite-chlorite altered
volcaniclastic sequence. Two types of veins are recognized: silver dominant Mn-rich carbonates and sulphides (semi-massive yellow
to light brown zoned sphalerite, galena, pyrite and minor chalcopyrite can add to >50% of the veins) and gold dominant
chalcedonic quartz veins. Textures include those more typical of the epithermal suite (banded, crustiform, breccia/vein).
Table 1. Assay results feeder vein system
Hole ID |
From
(m) |
To
(m) |
Interval
(m) |
Au
(ppm) |
Ag
(ppm) |
HC-17-01 |
170.35 |
170.8 |
0.45 |
6.4 |
29.1 |
HC-17-02 |
256.65 |
257.45 |
0.8 |
4.53 |
55.1 |
and |
258.3 |
259 |
0.7 |
6.16 |
59.4 |
HC-17-03 |
395.35 |
397.3 |
1.95 |
10.97 |
- |
including |
395.35 |
395.9 |
0.55 |
14.30 |
- |
and |
395.9 |
396.8 |
0.9 |
3.48 |
16.9 |
and |
396.8 |
397.3 |
0.5 |
20.80 |
548 |
and |
435.3 |
435.8 |
0.5 |
33.80 |
- |
HC-17-04 |
261.4 |
261.95 |
0.55 |
2.65 |
234 |
and |
283.1 |
283.55 |
0.75 |
0.21 |
359 |
and |
283.85 |
284.9 |
1.05 |
0.79 |
316 |
HC-17-05 |
203.05 |
203.95 |
0.9 |
11 |
13.8 |
HC-17-07 |
143.45 |
147.2 |
3.75 |
6.22 |
- |
including |
143.45 |
144 |
0.55 |
5.13 |
30.6 |
and |
145.9 |
147.2 |
1.3 |
13.3 |
87 |
True thickness of the different mineralized intervals still to be determined.
2. The Vent Structure: It is comprised of silica flooded and altered mudstone and volcanic conglomerates along with breccias
and semi-massive sulphide replacements. Several stages of silica can be recognized cementing and replacing successive events of
brecciation. Silica alteration occurs as silicification and chalcedonic silica, usually gray to bluish in color, obliterating
previous textures. Pyrite and Sb-sulphosalts are the dominant sulphides as veinlets, stringers and semi-massive replacements.
Stibnite, galena, sphalerite and arsenopyrite are also common in veinlets and disseminations.
Table 2. Assay results vent system
Hole ID |
From
(m) |
To
(m) |
Interval
(m) |
Au
(ppm) |
HC-17-01 |
247.3 |
247.8 |
0.5 |
2.58 |
and |
247.8 |
248.35 |
0.55 |
5.52 |
HC-17-04 |
345.4 |
345.85 |
0.45 |
2.03 |
and |
345.85 |
346.3 |
0.45 |
11.1 |
HC-17-05 |
203.05 |
203.95 |
0.9 |
11 |
True thickness of the different mineralized intervals still to be determined.
3. The Sulphides in Sedimentary Basins: Fine grained pyrite and Sb-sulphosalts have been identified as finely laminated
sedimentary beds and patchy pyrite/quartz replacements within mudstones/siltstones in the proximity of the venting structures
intersected in core, particularly around holes HC-17-01, 04, 05, 08, 10, 11 and 12 (as per visual inspection of the drill core).
The mineralization appears to be hosted in the immediate contact of the underlying footwall mudstone unit and the upper altered
volcaniclastic sequence.
Table 3. Assay results sulphides in mudstone host.
Hole ID |
From
(m) |
To
(m) |
Interval
(m) |
Au
(ppm) |
HC-17-01 |
249.35 |
250.35 |
1 |
4.7 |
and |
250.35 |
251.35 |
1 |
10.2 |
and |
251.35 |
252.35 |
1 |
4.59 |
and |
252.35 |
252.85 |
0.5 |
14.6 |
and |
252.85 |
253.75 |
0.9 |
12.6 |
and |
253.75 |
254.45 |
0.7 |
2.13 |
HC-17-04 |
346.6 |
346.95 |
0.35 |
5.17 |
and |
346.95 |
347.35 |
0.4 |
8.91 |
and |
347.35 |
348 |
0.65 |
4.42 |
and |
348 |
348.6 |
0.6 |
16.5 |
and |
348.6 |
349.3 |
0.7 |
14.4 |
and |
349.3 |
350 |
0.7 |
5.41 |
HC-17-05 |
203.95 |
205.5 |
1.55 |
0.807 |
and |
205.5 |
207 |
1.5 |
0.787 |
and |
207 |
208.55 |
1.55 |
1.98 |
True thickness of the different mineralized intervals still to be determined.
Quality Control and Data Verification
Samples were assayed by Activation Labs in Kamloops, BC. Analytical accuracy and precision are monitored by the submission of
blanks, certified standard samples and duplicate samples inserted at regular intervals into the sample train by Tudor Gold
personnel. Activation Lab's quality system complies with the requirements for the International Standards ISO 9001: 2000 and ISO
17025: 1999.
Qualified Person
This press release has been prepared and verified by Raul Sanabria, M.Sc., P.Geo, EurGeol, Exploration Manager and Qualified
Person for the 2017 Treaty Creek Project field season and a Qualified Person for the purposes of National Instrument 43-101.
"Walter Storm"
Walter Storm
President and Chief Executive Officer
About Tudor Gold
Tudor Gold is a significant explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines
and several large deposits that are approaching potential development. The GR2 claim group within the Treaty Creek Project claims
is approximately 12 km southeast of the historic past-producing Eskay Creek mine. In the 13 years during which the Eskay Creek mine
operated "more than 100 tonnes of gold and 5000 tonnes of silver" were produced (BC MINFILE No 104B 008). The "Golden Triangle" has
been an exploration and mining district for over 100 years. The Company has a 60% interest in both the Electrum property and Treaty
Creek Project, and a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of
which are located in the Golden Triangle area.
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: cathy@chfir.com
Or
Aris Morfopoulos
Chief Financial Officer & Corporate Secretary
Tel: 604-721-2650
Email: aris@tudor-gold.com
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 including, without limitation, statements relating to the 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. 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. 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.
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.