The 2,202 hectare Fairweather property is considered prospective for transitional epithermal gold-silver mineralization similar to those being developed 10 kilometers to the north at the Brucejack property. The initial target area is a quartz brecciated conglomerate zone discovered in 1987 that returned 4.04 grams gold per tonne over 7 meters in a trench (BC Ministry of Mines Assessment report 13,403, 30282a and 31,747). A subsequent small work program did not extend the mineralization due to deep overburden. Further trenching and shallow drilling have been recommended but not yet carried out.
A wide zone of alternation has been reported for the western portion of the property but this new area remains to be tested by sampling and geological mapping.
This exploration was completed prior to Tudor’s involvement in the Fairweather 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 can earn 100% of the Fairweather property by making cash payments of $350,000 over a five year period and issuing 700,000 shares. There is a 2% NSR on the western portion of the property, and a 3% NSR on the eastern claims.
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