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Tudor Gold Confirms 4th Significant Gold-Silver Discovery at Treaty Creek with Drill Hole CBS-21-02 Intercepting 1.30 g/t Gold Eq over 53.9m Within 155.5m of 0.82 g/t Gold Eq at “Calm Before the Storm Zone” (CBS)

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Tudor Gold Confirms 4th Significant Gold-Silver Discovery at Treaty Creek with Drill Hole CBS-21-02 Intercepting 1.30 g/t Gold Eq over 53.9m Within 155.5m of 0.82 g/t Gold Eq at “Calm Before the Storm Zone” (CBS)

 

 

 

 

 

Tudor Gold Corp. (TSX-V: TUD) (FSE: TUC) is pleased to present the results for the first two drill holes completed on its new discovery at CBS, formerly known as the NEAA Zone, at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia.

 

The Company has concluded the safe completion of the 2021 Exploration Program, which included a total of 30,108 meters of drilling. Results from the final eleven drill holes from Goldstorm, one hole at CBS, and several surface chip sample lines from the Eureka Zone are expected to be received shortly and will be released once final analysis and interpretation is completed.

 

Calm Before the Storm Results

 

CBS is the fourth significant precious metal mineralized zone to be discovered at the Treaty Creek Project. The CBS Zone is located two kilometers northeast of the Goldstorm Deposit and occurs on the same structural trend that hosts the Perfect Storm Zone (PSZ) and the Copper Belle-Goldstorm Deposit (CB-GS), which currently hosts an estimated Measured and Indicated Mineral Resource of 19.4 million ounces of AuEq grading 0.74 AuEq and an Inferred Resource of 7.9 million ounces of AuEq grading 0.79 AuEq (see Tudor Gold press release dated March 9, 2021).

 

Treaty Creek, CBS Zone Drilling and Surface Sampling Highlights include:

  • Identified a new mineralized zone, “Calm Before the Storm”, near the lower Treaty Camp; 15% (25 out of 170) of rock chip samples assayed >0.5 g/t AuEq and 5% (8 out of 170) of samples contained >1.0 g/t AuEq.
  • Drill results at Calm Before the Storm from the deeper hole, CBS-21-02, which returned 1.30 g/t AuEq over 53.9m within 155.50m of 0.82 g/t AuEq, demonstrate that gold-silver mineralization is getting stronger at depth.
  • Our Upper and Lower Exploration camps were closed in early November, but on-going environmental and climatic studies will continue throughout the year with helicopter support provided by Yellowhead Helicopters based in Stewart, B.C.

 

Tudor Gold’s Vice President of Exploration and Project Development, Ken Konkin, P.Geo., states: “Our 2021 exploration program has been exceptionally successful at broadening our understanding of the mineralization throughout the Treaty Creek Property. The Project now has four large geological targets that require extensive exploration and drilling, including the Goldstorm Deposit which remains open in all directions and at depth. The size and scope of our exploration program is growing exponentially with each new discovery to add to the chain of precious and base-metal deposits and targets associated with the extensive Sulphurets-Treaty thrust fault system. We are very pleased with the results of the surface sampling programs and in-particular the discovery hole from our preliminary drill results at our new zone, Calm Before the Storm (CBS). The gold and silver values at CBS are interpreted to be hosted within possibly younger rocks than the host lithologies at Goldstorm. Drill hole CBS-21-02 intersected a distinct mineralized zone with 1.30 g/t AuEq over 53.9m within 155.50m of 0.82 g/t AuEq. Our geological crews require further review of this core after compiling the assay results to determine the controls for gold and silver distribution and emplacement.”

 

The complete list of composited drill hole results for CBS, as well as the drill hole data, including hole location, elevation, depth, dip and azimuth, are provided in Table 1 and Table 2, respectively. A list of highlighted surface chip and channel samples from CBS are included in Table 3. Please click on the following link to view: Plan Map and Cross Sections for the drilling and surface samples reported in this news release.

 

Table l: Drilling Results Calm Before the Storm Zones in Press Release November 23, 2021

 

Section /
Plan
Hole / Chip
Line
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
Cu
ppm
AuEQ
(g/t)
A – 180 CBS-21-01 14.25 33.50 19.25 0.37 0.67 16 0.38
and 141.50 170.00 28.50 0.30 12.67 40 0.46
A – 180 CBS-21-02 150.50 306.00 155.50 0.78 2.34 41 0.82
includes 252.10 306.00 53.90 1.24 4.35 59 1.30

 

  • 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 23, 2021

 

Section Hole ID UTM E NAD 83 UTM N NAD 83 Elevation (m) Azi (ᵒ) Dip (ᵒ) Depth (m)
A – 180 CBS-21-01 430616.2 6273880.5 979.6 140 -45 404
A – 180 CBS-21-02 430726.0 6273999.1 981.2 200 -45 512.1

 

 

Table 3: CBS Surface Sample Results in Press Release November 23, 2021

 

Sample Zone UTM E NAD 83 UTM N NAD 83 Elevation (m) Type Length Au
(g/t)
Ag
(g/t)
Cu
ppm
AuEQ
(g/t)
X557688 CBS 430597.96 6273813.37 983.09 CHIP 2.00 0.76 27.45 219 1.11
X557681 CBS 430636.86 6273826.34 970.60 CHIP 2.00 0.88 13.35 166 1.06
X557680 CBS 430649.89 6273842.01 970.91 CHIP 1.50 0.90 12.97 219 1.07
X557683 CBS 430655.56 6273839.43 970.17 CHIP 2.00 0.90 13.89 119 1.07
X557677 CBS 430659.90 6273839.86 969.83 CHIP 2.00 1.38 16.89 160 1.60
X557676 CBS 430661.90 6273840.15 969.70 CHIP 2.00 1.50 16.02 252 1.72
X557675 CBS 430663.74 6273839.46 969.65 CHIP 1.50 0.96 10.41 190 1.11
A0513471 CBS 430717.50 6273948.00 976.08 CHANNEL 1.50 1.08 14.54 53 1.26

 

Tudor Gold Corp. and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. Of those workers who are at the project site and staging site, we have strict daily monitoring of the workers temperatures and general health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel and all service providers.

 

Qualified Person

 

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s Vice President of Exploration and Project Development, 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

 

Surface rock and 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 Pretium Resources Inc.’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 and a 100% interest in the Eskay North project, all located in the Golden Triangle area.

 

Posted November 23, 2021

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