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Tudor Gold Corp
Symbol TUD
Shares Issued 81,525,438
Close 2018-01-30 C$ 0.51
Market Cap C$ 41,577,973
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Tudor Gold drills 94.5 m of 0.75 g/t Au at Treaty Creek

2018-01-31 07:14 ET - News Release

Mr. Walter Storm reports

TUDOR GOLD REPORTS 94.5M OF 0.75 G/T GOLD AT TREATY CREEK, INCLUDING 76.5M OF 0.86 G/T GOLD

Tudor Gold Corp. has released the final results from its 2017 drill program on the Copper Belle zone of the company's Treaty Creek property in northwestern British Columbia.

Assays have now been received for all holes drilled in 2017. The final hole being reported on is CB-17-29. It was a stepout hole drilled which intersected various mineralized zones, including 94.5 metres of continuous mineralization grading 0.75 gram per tonne gold from 84.5 m to 179.0 m depth. That zone included a higher-grade intercept of 76.5 m grading 0.86 g/t gold from 99.5 to 176.0 m. Hole CB-17-29 was an 806 m hole collared adjacent to the west side of the Treaty Creek glacier where glacier meltback has exposed new opportunities for exploration access.

Hole CB 17-29 was drilled on the same pad as CB-17-24. That pad is down-slope and 166 m south of the CB-16-03 pad. Hole CB-16-03 graded 1.11 g/t Au over 58 m from 88 to 146 m and 0.97 g/t Au over 122 m from 304 to 426 m.

Drill results for hole CB-17-29 are summarized in the table.

                      TREATY CREEK DRILL RESULTS

Hole ID   From (m)  To (m) Interval (m)*  Au (g/t)  Ag (g/t)  Cu (%)

CB-17-29    84.50  179.00        94.50       0.75       1.6   0.014 
including   99.50  176.00        76.50       0.86       1.8   0.016 
including  120.50  176.00        55.50       0.92       2.0   0.013 

* True widths of the mineralization have not been determined.

Walter Storm, president and chief executive officer, stated: "Hole 29 being reported in this news release concludes our 2017 drill campaign. The Copper Belle zone is now over a kilometre in length and is open in multiple directions. Total 2017 drilling was 13,722 m with 26 of 27 holes providing excellent results, including:

  • "94.5 m of 0.75 g/t Au (CB-17-29);
  • "Including 76.5 m of 0.86 g/t gold;
  • "149.1 m of 1.78 g/t Au (CB-17-26);
  • "Including 59.2 m of 2.84 g/t Au;
  • "90.5 m of 1.21 g/t Au (CB-17-12);
  • "Including 70.5 m of 1.47 g/t Au;
  • "115.5 m at 1.31 g/t Au (CB-17-24);
  • "Including 39.0 m of 2.38 g/t Au;
  • "176 m of 0.80 g/t Au (CB-17-04);
  • "Including 28.5 m of 1.07 g/t Au;
  • "Including 10 m of 2.9 g/t Au;
  • "369 m of 0.69 g/t Au (CB-17-07);
  • "Including 43 m of 1.81 g/t Au.

"For our third season on Treaty Creek our primary goals will focus on: 1. expanding our Copper Belle resource; 2. determining if we have a multiple deposit environment like Seabridge's KSM/Iron Cap mineralized systems; and 3. using all accumulated data to generate our first preliminary resource estimate.

"On the Copper Belle zone, we will continue with: stepout drilling to the northeast where gold grades have been improving; additional stepout drilling in the central area around hole 26; plus drilling southward from the Copper Belle discovery hole.

"Exploration will also continue along the MT anomalous gap between Iron Cap and Copper Belle where two exposures identified in historical data reported very high-grade gold assays. The first at the Konkin zone with 1.2 m of 870 g/t gold, and the AW zone, approximately 1.3 kms further south of Konkin, where float specimens ran up to 255 g/t gold.

"Further exploration will take place on the GR2 project to enhance our understanding of that high-grade VMS zone. The final details of the 2018 exploration program will be released in due course."

The Copper Belle 2017 resource delineation program comprised 27 drill holes to depths below 700 m (13,722 m total) and stepouts of 50 m where topography permitted. Drill holes were targeted oblique to the northwesterly plunge of the main mineralized zone. A block of delineated mineralization will form the basis for the preliminary resource estimate. All drill holes were down-hole surveyed at 25 m stations using a Reflex multishot device.

The company's 2016 magnetotelluric geophysical survey program was effectively utilized as a guide for the 2017 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 kilometres north of the Iron Cap deposit.

Drill hole samples were assayed by Activation Laboratories Ltd. in Kamloops, B.C. 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, PGeo, 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.

About Tudor Gold Corp.

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-per-cent interest in both the Electrum and Treaty Creek properties, and a 100-per-cent interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of which are located in the Golden Triangle area.

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