Mr. Walter Storm reports
TUDOR GOLD REPORTS 337.5M OF 0.76 G/T GOLD AT TREATY CREEK, INCLUDING 124.5M OF 0.98 G/T GOLD
Tudor Gold Corp. has released continuing results from its 2017 drill program on the Copper Belle zone of the company's Treaty Creek property in northwestern B.C. Assays have been received on three more holes.
CB-17-27, a stepout hole drilled on the Copper Belle zone, intersected various mineralized zones where the most significant was 337.5 metres of continuous mineralization, grading 0.76 gram per tonne gold from two metres to 339.5 m in depth, including a higher-grade intercept of 124.5 m grading 0.98 g/t gold from 53.0 to 177.5 m. Hole CB-17-27 was a 602 m hole that was collared adjacent to the west side of the Treaty Creek glacier where glacier meltback has exposed new opportunities for exploration access. Hole CB 17-27 is 81 m southeast of CB-16-03 that graded 1.11 g/t Au for 58 m from 88 to 146 m; and 0.97 g/t Au for 122 m from 304 to 426 m. Hole CB 16-03 was drilled uphill at a higher elevation. For locations of the other holes in this news release please see the map on the company's website.
DRILL RESULTS FOR HOLES CB-17-27, CB-17-28 AND CB-17-30
Hole From To Interval* Au Ag Cu
ID (m) (m) (m) (g/t) (g/t) (%)
CB-17-27 2.00 339.50 337.50 0.76 2.0 0.017
including 53.00 177.50 124.50 0.98 3.22 0.023
455.00 494.00 39.00 1.13 2.6 0.063
525.50 536.00 10.50 1.27 2.5 0.067
CB-17-28 138.70 155.40 16.70 1.05 5.5 0.019
175.20 225.50 50.30 0.74 1.0 0.003
332.30 384.00 51.70 0.65 4.4 0.003
CB-17-29 results pending; drilled from same pad as hole CB-17-24
CB-17-30 256.50 306.00 49.50 0.69 2.0 0.003
312.00 321.00 9.00 0.42 1.6 0.101
* True widths of the mineralization have not been determined.
Walter Storm, president and chief executive officer, stated: "As we analyze Treaty Creek from an overview perspective we find a very compelling image. Our discoveries, as expected, are closely related to the now-famous Red Line (Triassic/Jurassic contact), as predicted in the seminal research report by British Columbia government geologists Kyba and Nelson. The Sulphurets fault (coincident with the Red Line) weaves its way for over 20 kilometres from the southern end where the Kerr, Kerr Deep and Valley of the Kings deposits are located, winding its way northward through the Sulphurets, Mitchell, Snowfields, Iron Cap and Iron Cap Deep discoveries before crossing into Treaty Creek and up to the Copper Belle and GR2 zones. As observed in the Kyba/Nelson research report, major discoveries lie generally within two km of the Red Line and that is the case with all these deposits. There is a three km gap between Tudor Gold's Copper Belle discovery and the Seabridge Gold's Iron Cap deposit, in which our magnetotelluric geophysics survey identifies strong anomalous targets that have not yet been drilled. Results from Tudor Gold's drilling in 2017 show that in the Copper Belle zone, gold mineralization is expanding northward and eastward with improving grades, increasing copper and silver credits, not to mention other promising areas within the zone like hole CB-17-26 which returned 149.1 m of 1.78 g/t gold.
"The larger regional prolific hydrothermal system which hosts the many gold deposits of Seabridge Gold and Pretium Resources, as well as the gold mineralization currently being drilled on Tudor Gold's Treaty Creek property, is known as one of the seven largest hydrothermal systems in the world for hosting porphyry-type mineral deposits of gold and copper-gold (Alldrick). Moreover, Seabridge Gold's KSM property is currently recognized as hosting the world's largest undeveloped reserves of copper and gold. In close proximity to these reserves are Pretium Resources' very large, porphyry gold Snowfields deposit and its high-grade, Valley of the Kings gold mine, the latter recently having entered into commercial production. This is an excellent area in which to be looking for another elephant and early indications are that mineralization continues onto the Treaty property, right past an arbitrary line called a claim boundary."
The Copper Belle 2017 resource delineation program comprised 27 drill holes to depths below 700 m (an estimated 13,722 m total) and stepouts of 50 m where topography permitted. Results for drill hole CB-17-29 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 downhole surveyed at 25 m stations using a Reflex Multishot 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 kilometres 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, 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 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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