Vancouver, British Columbia--(Newsfile Corp. - January 9, 2018) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or
"Tudor Gold") is pleased to report on results from its 2017 drill program on the Copper Belle zone of the Company's Treaty Creek
property in north-western B.C..
CB-17-12, a step-out hole drilled on the Copper Belle zone, intersected various mineralized zones where the
most significant was 90.5m of continuous mineralization grading 1.21 g/tonne gold
from 24 to 114.5m depth, including a higher grade intercept of
70.5m grading 1.47 g/t gold from 31.5 to
102m. Hole CB-17-12 was a 564m hole that was collared adjacent to the west side of the Treaty glacier
where ice ablation (glacier melt-back) has exposed new opportunities for exploration access. Hole CB 17-12 is 110m south of
CB-16-03 that graded 1.11 g/t Au for 58m from 88 to 146m; and 0.97 g/t Au for 122m from 304 to 426m. Hole CB 16-03 was drilled
uphill at a higher elevation (see map).
Drill results for hole CB-17-12 are summarized in the table below:
Hole-ID |
From (m) |
To (m) |
Interval (m)* |
Au (g/t) |
Ag (g/t) |
Cu (%) |
CB-17-12 |
24.00 |
114.50 |
90.50 |
1.21 |
4.22 |
0.016 |
including |
31.50 |
102.00 |
70.50 |
1.47 |
5.26 |
0.018 |
|
147.50 |
198.50 |
51.00 |
0.84 |
3.44 |
0.019 |
|
206.00 |
228.50 |
22.50 |
1.05 |
0.66 |
0.004 |
*True widths of the mineralization have not been determined.
Walter Storm, President and CEO, stated: "We are delighted to start the New Year with additional
encouraging results from our 2017 exploration program at Copper Belle. The long intercepts of
gold/silver mineralization starting near surface, continue to demonstrate the
pervasiveness of this gold system with excellent grades to date that are open at the
south and north extensions. More assays have been received and should be available within one
week."
The Copper Belle 2017 resource delineation program comprised 27 drill holes to depths below 700m (an estimated 13,722m) and
step-outs of 50m where topography permitted. Results from additional drill holes of the 2017 drill program at Copper Belle are
still pending. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated
mineralization will form the basis for a preliminary resource estimate. All drill holes were down hole surveyed at 25m stations
using a Reflex Multi-shot device.
The Company's 2016 Magnetotelluric Geophysical Survey program (MT Survey) was effectively utilized as a guide for the drill
program. The MT Survey suggests that the mineralization continues to the southwest, toward the Iron Cap deposit of Seabridge Gold
Inc. The MT Survey also suggests that the mineralized zone is open along strike and to depth. Tudor Gold's 2017 drill program was
located five kilometers north of the Iron Cap deposit and the Company intends to step out to the south in its 2018 program to see
if it confirms a relationship between the two areas.
Drill hole samples were assayed by Activation Laboratories Ltd. in Kamloops, 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. Activation Laboratories quality system complies with the requirements for the International Standards ISO
17025: 2005.
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.
Copper Belle Location Map at Treaty Creek
To view an enhanced version of Copper Belle Location Map at Treaty Creek, please visit:
http://orders.newsfilecorp.com/files/4494/31840_a1515513337318_39.jpg
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, Eskay North, Orion, Fairweather,
Delta and the High 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:
Tudor Investor Relations:
Barry Holmes
Ph: 778-587-2074
Email: Barry.Holmes@tudor-gold.com
CHF Capital Markets
Cathy Hume
CEO
Tel: 416-868-1079 x 231
Email: cathy@chfir.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 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 forward-looking statements.
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.