Tudor Gold Corp. Reports on High-grade Gold and Silver Mineralization on GR2 Zone of Treaty Creek Property
Including 4.89 Au g/t for 9.7m (HC-17-11) and 1,118.35 Ag g/t for 2.85m (HC-17-09)
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2017) - Tudor Gold Corp. (TSXV: TUD) (FSE: TUC) (the "Company" or "Tudor Gold") is pleased to announce final results for the 2017 exploration season from the GR2 Zone of its Treaty Creek property. The HC extension of the GR2 Zone was discovered during the 2017 exploration program and carries high-grade gold and silver mineralization.
The Treaty Creek property is situated north of the Seabridge Gold Inc. KSM property and Pretium Resources Inc. Valley of the Kings Mine in the Golden Triangle, which are situated along the Sulphurets and Brucejack fault systems that continue into the Treaty Creek property.
The GR2/HC drill program augmented the previous drill holes in the zone and consisted of 17 drill holes totaling 5,401 meters in 2017. The program was designed with a maximum of 50 metre step-outs in the mineralized zone to prepare for a preliminary resource estimate.
The GR2/HC zone appears to be a gold-rich VHMS deposit in which the feeder vein system and the stratabound lenses have been intersected. A later Ag-(Pb-Zn-Sb-Cu) vein system was also found reactivating some of the previous structures in the same area where the HC extension is located. These veins are late in the formation and are hosted in the volcaniclastic sequence or in the younger Jurassic Hazelton sequence, crosscutting (and reactivating) previous HC related feeder vein system and HC stratabound lenses. The RR Ag-base metal vein holes are collared 800m north of the HC zone, following the same structure.
Thirty-six drill holes have been drilled to date in the GR2, covering an area approximately 400m along strike and 450m down dip at 50m space increments that show consistent geology and which demonstrate the distribution and continuity of the feeder vein system, the strata-bound zone, and the late silver-base metal vein system. Historical surface sampling carried out by previous operators to both the north and south of the GR2/HC zone indicates that the main mineralized structure potentially extends 3,000m along strike. The mineralized structure remains open to the north and south beyond the existing drill holes, and down dip.
A location map of the drill plan will be available on the Company's website at www.tudor-gold.com.
Significant drill results are summarized in the tables below (all distance measurements reported in meters).
|Hole||From||To||Interval*||Au g/t||Ag g/t|
|HC Feeder Veins|
|Hole||From||To||Interval*||Au g/t||Ag g/t||AuEq**(g/t)|
|HC Ag-(Base Metal) Veins|
|Hole||From||To||Interval*||Au g/t||Ag g/t||AuEq** (g/t)|
|RR Ag-base Metal Veins|
*True thickness of all above mineralized intervals still to be determined.
**AuEq calculated assuming Au USD$1,275/oz and Ag USD$16/oz.
Walter Storm, President and CEO of Tudor Gold commented as follows: "We are very encouraged by the results from the GR2 Zone and the indication that the strata-bound high grade gold mineralization remains open for further expansion. The HC extension combined with the recent silver and base metal vein event is also promising as the multiple commodities add increasing value to the overall mineralization. The GR2 Zone represents a strategic target for our 2018 exploration plans."
All technical information for Tudor Gold Corp's Treaty Creek Gold Project was obtained and reported under formal quality assurance and quality control ("QA/QC") procedures and guidelines. Tudor's procedures are designed to meet "Best Practices Guidelines" and National Instrument 43-101 standards of disclosure. QA/QC protocols for drill core sampling and assaying include the insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) to validate the accuracy and precision of the assay results.
All drilling samples were collected following industry standard practice. Activation Laboratories Ltd. prepared and assayed the samples at its laboratory in Kamloops, B.C. Gold samples were analyzed by a 30g Fire Assay method, then if Au>10 gpt, were re-analysed by 30g Fire Assay with AAS finish. Ag were analysed by 0.5g Aqua Regia digestion, ICP-OES (along with other elements). Then if Ag>100ppm, were re-analysed by 30g FA with gravimetric finish.
The technical information contained in this news release has been reviewed and approved by the Company's Exploration Manager, Raul Sanabria, M.Sc., EurGeol., P.Geo., who is a "Qualified Person" as defined under National Instrument 43-101.
About Tudor Gold
Tudor Gold is a precious and base metals explorer with a focus in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large 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.
President and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
CHF Capital Markets
Tel: 416-868-1079 x 231
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.
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