Vancouver, British Columbia--(Newsfile Corp. - November 1, 2022) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or "Tudor Gold") is pleased to present the eighth set of drill results for 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: "Our entire team is very pleased to see the continued success of the exploration program in the northern-most limits of the Goldstorm Deposit within domain CS600. We continue to intersect pulses of very strong gold and copper mineralization with 1.82 g/t AuEQ (1.04 g/t Au, 5.17 g/t Ag and 0.61% Cu) over a 114-metre (m) intercept. Precious and base metal values were equally impressive over double this same intercept averaging 1.50 g/t AuEQ over 235.5 m in hole GS-22-158 and values were comparable to the hole above this, GS-22-151-W1 with 1.27 g/t AuEQ over 300 m (October 4, 2022 PR). GS-22-158 successfully undercut GS-22-151-W1 by approximately 100-150 m and ended in strong copper-gold mineralization as did GS-22-151-W1. In-fill drilling successfully added confidence with our resource model as GS-22-156 intersected 1.0 g/t AuEQ over 294 m within the 300H domain. This intercept was punctuated by a high-grade gold intercept of 28.7 g/t Au and 16.2 g/t Ag (28.9 AuEQ) over 1.5 m near the bottom of the composite. In addition to increasing our deposit foot-print northwards, we were also successful in expanding mineralization to the southwest with a 100 m step-out drill hole CB-22-01 which intersected significant near-surface gold values over 168 m that averaged 0.68 g/t AuEQ. This hole was drilled well outside the area of the 2021 initial resource model for the Goldstorm Deposit demonstrating that mineralization remains open in all directions and to depth. Crews will be wrapping up the exploration program this week and will be collecting several new composites for metallurgical tests with samples for petrographic and ore microscopy studies from our Stewart-based core facility. Our drills have been de-mobilized and both upper and lower camps have been shut down. We have several drill holes awaiting results from the lab and we will announce these results shortly after we receive them."
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation plan for several areas, including the Goldstorm Deposit and the Eureka and Calm Before the Storm Zones. Results included in this press release are reported from five diamond drill holes that were drilled on the Goldstorm Deposit, Copper Belle Deposit, and Konkin Zones (Sections K, L, 98+50 NE and 94+50 NE). At Goldstorm, one out of two holes were drilled partially or completely outside the 2021 NI 43-101 Mineral Resource Estimate area (see link: corresponding Treaty Creek plan map and sections).
GOLDSTORM DEPOSIT
SECTION K
- GS-22-156 was drilled as an infill hole within the 300H domain in the area of the footwall of the Treaty Thrust Fault 1 (TTF1). An intercept of 294.0 m grading 1.0 g/t AuEQ (0.92 g/t Au, 4.38 g/t Ag, 0.02% Cu) was returned with a high-grade segment with 13.5 m grading 5.16 g/t AuEQ (4.99 g/t Au, 5.17 g/t Ag, 0.09% Cu).
SECTION L
- GS-22-158 was drilled to target the CS600 domain and undercut GS-22-151-W1. An intercept of the CS600 gold-copper porphyry system was intercepted over a drill length of 592.5 m averaging 1.16 g/t AuEQ (0.73 g/t Au, 3.17 g/t Ag, 0.34% Cu) with an enriched zone of 1.82 g/t AuEQ (1.04 g/t Au, 5.17 Ag, 0.61% Cu) over 114.0 m. This hole confirms the consistency of mineralization throughout the porphyry system and that no boundary on the northern side of the system has been encountered. This hole is located 250 m north of the 2021 mineral resource estimate. Future exploration will target the northerly extension of this system.
COPPER BELLE DEPOSIT
SECTION 98+50 NE
- CB-22-01 was drilled as a 100 m southeastern step-out hole on the Copper Belle deposit. An interval of 168.0 m returned 0.68 g/t AuEQ (0.65 g/t Au, 1.97 g/t Ag, 0.01 % Cu) with a high-grade segment of 4.5 m grading 4.44 g/t AuEQ (4.31 g/t Au, 10.78 g/t Ag). This hole confirms the continuity of mineralization to the south of Copper Belle and that the deposit remains open.
- CB-22-02 was drilled as a 100 m northwestern step-out hole one the Copper Belle deposit. An interval of 39.0 m grading 0.65 g/t AuEQ (0.62 g/t Au, 0.72 g/t Ag, 0.02 % Cu). This hole confirms the continuity of mineralization to the south of Copper Belle and that the deposit remains open.
KONKIN ZONE
SECTION 94+50 NE
- KZ-22-01 was drilled as an exploration hole to follow up on anomalous gold surface samples. The hole encountered 46.5 m of 0.53 g/t AuEQ (0.51 g/t Au, 1.36 g/t Ag, 0.01% Cu) as well as a significant gold interval over 9.0 m of 3.60 g/t AuEQ (3.54 g/t Au, 5.32 g/t Ag). The hole intercepted propylitic and phyllic alteration which could be associated with the Goldstorm porphyry system or may be related to a separate intrusive event.
Table 1: Drilling Results for Goldstorm, Copper Belle, and Konkin Zone in Press Release November 1, 2022
| Section |
Hole |
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (ppm) |
AuEQ (g/t) |
| 94+50 NE |
KZ-22-01 |
90.50 |
96.50 |
6.00 |
2.29 |
4.14 |
103 |
2.35 |
|
And |
164.00 |
210.50 |
46.50 |
0.51 |
1.36 |
69 |
0.53 |
|
And |
306.50 |
315.50 |
9.00 |
3.54 |
5.32 |
32 |
3.60 |
| 98+50 NE |
CB-22-01 |
21.00 |
189.00 |
168.00 |
0.65 |
1.97 |
62 |
0.68 |
|
Including |
21.00 |
96.00 |
75.00 |
0.70 |
2.25 |
68 |
0.74 |
|
And including |
118.50 |
123.00 |
4.50 |
4.31 |
10.78 |
26 |
4.44 |
|
And including |
147.00 |
189.00 |
42.00 |
0.70 |
2.03 |
13 |
0.72 |
| 98+50 NE |
CB-22-02 |
322.50 |
361.50 |
39.00 |
0.62 |
0.72 |
178 |
0.65 |
|
And |
351.00 |
360.00 |
9.00 |
1.27 |
1.24 |
193 |
1.31 |
| K |
GS-22-156 (300H) |
253.50 |
547.50 |
294.00 |
0.92 |
4.38 |
214 |
1.00 |
|
Including |
526.50 |
540.00 |
13.50 |
4.99 |
5.17 |
873 |
5.16 |
|
Or |
526.50 |
528.00 |
1.50 |
28.70 |
16.20 |
46 |
28.90 |
|
And |
622.50 |
660.00 |
37.50 |
0.74 |
6.72 |
1192 |
0.95 |
|
And |
702.00 |
716.00 |
14.00 |
1.23 |
2.73 |
105 |
1.28 |
| L |
GS-22-158 (CS600) |
793.50 |
1386.00 |
592.50 |
0.73 |
3.17 |
3369 |
1.16 |
|
Including |
867.00 |
945.00 |
78.00 |
1.01 |
5.37 |
3606 |
1.50 |
|
And |
1110.00 |
1345.50 |
235.50 |
0.87 |
3.98 |
4887 |
1.50 |
|
Or |
1219.50 |
1333.50 |
114.00 |
1.04 |
5.17 |
6090 |
1.82 |
- 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 November 1, 2022
| Section |
Hole ID |
UTM E NAD 83 |
UTM N NAD 83 |
Elevation (m) |
Azi (?) |
Dip (?) |
Depth (m) |
| 94+50 NE |
KZ-22-01 |
427280.30 |
6271718.71 |
1748.25 |
101 |
-65 |
672.2 |
| 98+50 NE |
CB-22-01 |
427665.60 |
6271972.16 |
1558.14 |
120 |
-60 |
720 |
| 98+50 NE |
CB-22-01 |
427663.13 |
6271974.86 |
1558.25 |
300 |
-60 |
810 |
| K |
GS-22-156 |
428429.03 |
6272984.18 |
1373.36 |
330 |
-55 |
716 |
| L |
GS-22-158 |
428925.03 |
6273439.09 |
1397.48 |
320 |
-66 |
1386 |
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 located in the Golden Triangle.
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.
Goldstorm Deposit - Section Areas - Plan View
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Konkin Zone – Section 94+50 NE
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Copper Belle Deposit – Section 98+50 NE
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Goldstorm Deposit – Section K
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Goldstorm Deposit – Section L
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/142539
