Tudor Gold Commences Summer Exploration Program in BC’s Golden Triangle
Tudor Gold Corp. (TSX.V:TUD) (Frankfurt:TUC) (the “Company” or “Tudor Gold”) is pleased to announce its 2017 drilling plans for the Copper Belle and GR2 zones on the Treaty Creek project.
As detailed in the press release of 4 April, 2017, two of the primary goals of the 2017 exploration program on the Treaty Creek claims are to develop a primary resource estimate on the Copper Belle zone and to determine how much further drilling is required to develop a preliminary resource estimate on the GR2 zone.
Mr. James McCrea, P. Geo. has been retained to prepare the resource estimates on the Copper Belle and GR2 zones. Mr. McCrea has a wealth of experience as a geologist and resource specialist including the preparation of resource estimates for other publicly-traded companies operating in the “Golden Triangle” near Stewart B.C. Mr. McCrea will supervise a drilling plan aimed at carrying out sufficient infill and step-out drilling in the Copper Belle zone to permit a resource estimate based on a 50 m by 50 m drill-hole spacing over a surface area of 500 m by 300 m. It is anticipated that all holes will be drilled to a minimum depth of 300 m. Holes showing continuing mineralization may be drilled deeper, and as warranted, drill casings will be left in place to facilitate further exploration. Additionally, cut channel trenching will be employed in areas where mineralization crops out on surface.
As also detailed in the press release of 4 April, 2017, the 2017 drill results will be used to further interpret and validate the results of the MT survey carried out in 2016. Through that process the results of the MT survey will become even more useful in guiding further exploration towards expanding mineral resource estimates.
Mr. Raul Sanabria, P.Geo. has designed a drilling plan for the GR2 zone which will focus on delineating the high-grade gold zone found in hole GR2-09-07 and extending the known mineralized zone along strike for 500m and down-dip for another 500 m.
More Core Diamond Drilling Services of Stewart B.C. will carry out all the diamond drilling in 2017. More Core has extensive experience drilling on the Treaty Creek claims for both Tudor Gold and prior rights holders. More Core will dedicate two drill rigs to the Treaty Creek project with drilling to commence as soon as the snowpack has melted enough to ensure safe, logistically feasible operations.
Walter Storm, President and CEO, stated: “Tudor Gold continues to set and achieve realistic exploration goals for its projects. The 2017 exploration plans for the Treaty Creek project are ambitious yet achievable. The exploration plans will provide us with critical information of great value to the Company and its shareholders”.
The Qualified Person for this Press Release, about the Treaty Creek property, is James McCrea, P. Geo. 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 press release.
About Tudor Gold
Tudor Gold is a significant 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% 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 including, without limitation, statements relating to the potential mineralization and geological merits of the Treaty Creek property 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. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.