The 3,473 hectare Delta property is situated approximately 10 km north of the airstrip at Tide Lake Flats (just north of the old Granduc concentrator).
Since 1985 approximately $1.5 million in exploration has occurred on the Delta property including small drill programs in 2012 and 2013. In the western portion of the property, a 2012 drill hole believed to have intersected the downward projection of the Feld zone returned a 5.8 meter down hole interval grading 3.0 grams gold per tonne from 210.9 to 216.7 meters (Teuton Resources Corp. Press Release dated March 9, 2016). Two other holes were drilled at steeper angles failed to hit any significant mineralization but both holes appear to have been stopped short before encountering the Feld zone.
The central portion of the Delta property hosts an area where gold and silver anomalous heavy metal stream sediment samples ranging from 1,255 to 6,500 parts per billion ("ppb") gold and from 20.0 to 141 parts per million ("ppm") silver were collected from five streams in 1985 (Teuton Resources Corp Website).
During 1989 and 1990 a comprehensive exploration program consisting of prospecting, sampling, trenching, geological mapping, geochemical surveys and both airborne and ground geophysical surveys (BC Ministry of Mines Assessment Report 20731) identified several targets, including two prominent IP-resistivity anomalies (with coincident Mag/VLF trends).
This exploration was completed prior to Tudor’s involvement in the Delta project and Tudor has not independently verified the assay results or the geological information provided. The historical information provided above, although considered reliable and relevant, may be subject to future correction and should not be relied upon.
Tudor Gold Corp. can earn 100% of the Delta property making $900,000 in payments over four years. The claims are subject to net smelter royalties of 2 1/2% to 3%.
This page contains forward-looking statements. Please see the following link: Legal.