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Tudor Gold Corp
Symbol TUD
Shares Issued 186,005,204
Close 2022-01-10 C$ 2.08
Recent Sedar Documents

Tudor, Am Creek drill 85.4 m of 1.91 g/t AuEq at Treaty

2022-01-11 06:11 ET - News Release

Also News Release (C-AMK) American Creek Resources Ltd

Mr. Ken Konkin of Tudor reports

TUDOR GOLD INTERSECTS 1.91 G/T GOLD EQ OVER 85.4 METERS IN STEP-OUT HOLE GS-21-125 AND SIGNIFICANTLY EXTENDS GOLD-COPPER MINERALIZATION OF THE GOLDSTORM DEPOSIT TO THE NORTHEAST

Tudor Gold Corp. and American Creek Resources Ltd. have released the final drill results from the 30,108-metre 2021 resource expansion and definition drilling program for the Goldstorm deposit and Calm Before the Storm zone (CBS), as well as surface sampling results from the Eureka zone, at their flagship property, Treaty Creek, located within the Golden Triangle of northwestern British Columbia.

Included in this press release are the results of three diamond drill holes that were completed at the Goldstorm deposit along sections 113+00 NE and 118+00 NE, 500 metres apart, as well as the third exploration diamond drill hole at the recently discovered Calm Before the Storm zone. Results of a continuous surface channel sample line completed at the Eureka zone are also included.

The copper Belle-Goldstorm deposit (CB-GS) is situated only five kilometres northeast and on trend from Seabridge Gold's KSM deposits, which comprise one of the largest undeveloped gold and copper projects in the world. The CB-GS deposit currently hosts a National Instrument 43-101-compliant measured and indicated mineral resource of 19.4 million ounces of gold equivalent grading 0.74 gram per tonne AuEq and an inferred resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq (see Tudor Gold press release dated March 9, 2021).

Drilling and surface sampling highlights include:

Goldstorm:

  • GS-21-125 intercepted the DS5 domain, which averaged 0.82 g/t AuEq over 258.0 m, including 1.91 g/t AuEq over 85.4 m. The hole ended in gold-copper mineralization as unstable ground conditions prevented the completion of the hole.
  • GS-21-127, the farthest northeast stepout hole completed to date (approximately 200 m northeast of GS-21-119), targeted the deep DS5 domain. This hole successfully intersected the top of DS5 and ended in mineralization before being shut down due to poor field conditions. Results include 0.75 g/t AuEq over 46.5 m and 0.43 g/t AuEq over 70.0 m, which extended to the end of the hole. This target will be redrilled in 2022.
  • GS-21-128 targeted the easterly extension of the CS600 and DS5 domains. The hole intercepted 0.61 g/t AuEq over 43.9 m within CS600. The hole ended in mineralization as field conditions prevented completion of the hole; the final 17.6 m averaged 1.31 g/t AuEq. This intersection is currently interpreted to be the upper part of DS5 and plans are to redrill this target in 2022.

Calm Before the Storm:

  • CBS-21-03 returned a near-surface interval that graded 0.85 g/t AuEq over 25.5 m and a second significant interval of mineralization farther down the hole that averaged 0.61 g/t AuEq over 33.15 m, with an enriched mineralized core of 0.94 g/t AuEq over 10.0 m.
  • CBS-21-03 confirms that gold mineralization is gaining strength westward and to depth.

Eureka surface sampling:

  • Channel sample line EK-21-CHN-01 extended the Eureka zone 300 m to the north of previous drilling intercepts with a continuous surface sample line returning 0.72 g/t AuEq over 139.0 m, including 1.01 g/t AuEq over 69.0 m.
  • Plans for 2022 include drilling the area beneath this channel sample line, as well as testing the current model that Eureka may be the eastern extension to surface of the DS-5 domain of the Goldstorm deposit.

Tudor Gold's president and chief executive officer, Ken Konkin, PGeo, stated: "We are pleased to have completed the 2021 exploration season on a very positive note, having demonstrated that the Goldstorm deposit still remains open in all directions and at depth. We have significantly expanded the Goldstorm system to the northwest, north, northeast and southeast, in addition to reporting some of our longest and strongest gold-copper-mineralized intercepts that surpassed even the results obtained from last year's extremely successful drill program. Our primary goal is to define the ultimate limits of gold-copper-silver mineralization of the Goldstorm deposit so we can determine the final resource estimate. We are committed to increasing our efforts for 2022 to achieve this goal.

"Exploration in other areas of the property demonstrated that the Eureka system continues 300 metres to the north from our well-mineralized exploration drill hole EK-21-01 (press release Sept. 28, 2021) that confirmed the near-surface presence of a large gold target. Other notable achievements of 2021 were the successful expansion of the Perfect Storm system, located two kilometres southwest of Goldstorm, and the discovery of the Calm Before the Storm (CBS) system located two kilometres northeast of the Goldstorm deposit. The Treaty Creek project has now ballooned with the addition of these three new drill targets that will be explored in tandem with definition drilling of the Goldstorm deposit limits in 2022. Our geological team is currently focusing their efforts over the next few weeks to complete the plans for the proposed 2022 diamond drill program. Leading the geological team is our new vice-president of resource development, Natalie Senger (PGeo). It's very rewarding for me to see the professional development and advancement of such a deserving geoscientist, who I have had the pleasure of working with during my career."

The complete list of the above-reported composited drilling results for Goldstorm and CBS is shown in the associated table. The drill hole data, including hole location, elevation, depth, dip and azimuth, are provided in tables on the company's website. Rock channel sample results from Eureka trenching are shown in a later table.

              DRILLING RESULTS GOLDSTORM AND CBS ZONE IN PRESS RELEASE DATED JAN. 11, 2022

Hole                  From             To       Interval            Au         Ag         Cu       AuEq
                       (m)            (m)            (m)         (g/t)      (g/t)      (ppm)      (g/t)

GS-21-128 (1)       162.10         206.00          43.90          0.56       2.31        162       0.61
and (DS5)           404.00         421.60          17.60          1.25       4.27         55       1.31
GS-21-125 (1)       675.00         702.00          27.00          1.67       2.06         45       1.70
and (DS5)           910.50       1,168.50         258.00          0.72       7.06        150       0.82
including           949.50       1,034.90          85.40          1.69      15.62        299       1.91
and (DS5)         1,221.00       1,292.40          71.40          0.67       7.25        849       0.85
including         1,275.00       1,292.40          17.40          1.69       7.17        555       1.84
GS-21-127 (1)       489.00         535.50          46.50          0.72       2.49         77       0.75
and (DS5)           621.00         691.00          70.00          0.36       4.69        130       0.43
CBS-21-03             8.00          33.50          25.50          0.84       0.76         22       0.85
and                 150.50         183.65          33.15          0.53       5.96         86       0.61
including           156.00         166.00          10.00          0.84       7.89         52       0.94
GS-21-CHN-01          0.00         139.00         139.00          0.58       7.19        485       0.72
including            68.50         137.50          69.00          0.86       8.54        392       1.01

(1) Hole ended in mineralization, shut down due to drilling issues.
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 1.5 m intervals.
The following metal prices were used to calculate the AuEq metal content: gold at $1,625/ounce, silver  
at $19/oz and copper at $2.8/pound. Calculations used the formula AuEq g/t equals (Au g/t) plus (Ag 
g/t multiplied by 0.01169) plus (Cu per cent multiplied by 1.1815). All metals are reported in U.S. 
dollars 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.

              SURFACE SAMPLE RESULTS IN PRESS RELEASE JAN. 11, 2022

Sample            Length              Au              Ag              Cu            AuEq 
                     (m)           (g/t)           (g/t)           (ppm)           (g/t)

X557249             1.50            0.89           21.52           1,230            1.29
X557247             1.50            0.30           10.04           5,080            1.02
X557213             1.50            1.32            3.86              76            1.38
X557207             1.50            0.93            4.79             208            1.01
X557300             1.50            3.58            4.86             112            3.65
X557299             1.50            1.39            2.68             148            1.44
X557297             1.50            1.11            3.74             634            1.23
X557296             1.50            1.01            2.32             278            1.07
X557293             1.50            1.31            7.85              92            1.42
X557292             1.50            2.02            5.95              81            2.10
X557290             1.50            0.92            3.25             479            1.01
X557289             1.50            1.46            4.63             944            1.63
X557288             1.50            1.07            2.47             452            1.16
X557285             1.50            0.84           27.33           5,851            1.85
X557284             1.50            2.25            8.56             775            2.44
X557283             1.50            1.23           12.14             945            1.49
X557279             1.50            0.68           97.64           2,161            2.08
X557267             1.50            1.36           72.53             141            2.22

Qualified person

The qualified person for this news release for the purposes of National Instrument 43-101 is the company's president and chief executive officer, Ken Konkin, PGeo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Quality assurance/quality control

Diamond drill core and surface channel samples were prepared at MSA's preparation laboratory in Terrace, B.C., and assayed at MSA's geochemical laboratory in Langley, 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. MSA's quality system complies with the requirements for the international standards International Organization for Standardization 17025 and ISO 9001. MSA is independent of the company.

About Tudor Gold Corp.

Tudor Gold is a precious and base metal exploration and development company with properties in British Columbia's Golden Triangle (Canada), an area that hosts producing and formerly 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-per-cent interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Pretium Resources Inc.'s Brucejack property to the southeast. In April, 2021, Tudor published its National Instrument 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-per-cent interest in the Crown project and a 100-per-cent interest in the Eskay North project, all located in the Golden Triangle area.

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