Vancouver, Canada – June 11, 2019 – TUDOR GOLD Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “TUDOR GOLD”) is pleased to announce that it has begun a two-phase drill hole program at their flagship property, Treaty Creek located in the Golden Triangle of Northwestern British Columbia. Diamond drilling is starting on the Goldstorm Zone which is on-trend from Seabridges’ Iron Cap Zone located five kilometers to the southwest of our Goldstorm-Copper Belle system.
The gold mineralization remains open in all other directions and it is open to depth as well. The focus of the program is to expand the gold mineralization to the southeast in the direction of the footwall zone and to attempt large step-outs to the northeast along the strike of the gold mineralized trend.
Tudor Gold Corp’s Exploration Manager Ken Konkin, P.Geo. states: “Our crews have worked very hard in order to get the camp operational and to build the required drill platforms to begin the drill program. The goal is to drill along wide-spaced sections in-order to rapidly advance the drill program. The Goldstorm target appears to be a large body of gold mineralization that has been traced for approximately 500 meters along strike and appears to be approximately 300 meters in width. We have yet to encounter the footwall contact zone and the last hole drilled in 2018 was on a 100 meter step-out along strike to the northeast. This drill hole CB18-39 yielded one of the best results of the project to-date ( 0.981 grams per tonne gold over 563.8m ). The richer gold-bearing horizons occur near surface within the uppermost parts of the Goldstorm body; however, the system shows great vertical continuity and extends for approximately 700 meters. Drill hole CB18-39 ended in mineralization, therefore, the true depth of the system is unknown. In addition to the diamond drill hole program, a geophysical team will assess the structural aspects. Crews will utilize a deep ground penetrating radar instrument in order to scan through the glacier and lateral moraine piles. This may give us clues as to the nature of the footwall contact zone and continuity of other regional structures that occur beneath the covered areas of the immediate Goldstorm area.”
The first phase of drilling will include 3,600 meters of drilling with five planned drill holes.
Walter Storm, President and CEO stated: “We are confident that Ken Konkin with his geological experience has defined and prioritized the right drill targets for our phase l drilling and we can plan a phase II drilling later this season based upon results obtained from the first round of drilling.”
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s Exploration Manager, 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.
Contact Information
Catalin Kilofliski
Director Corporate Development and Communications
Phone:+1 604 559 8092
Email:catalin@tudor-gold.com
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Cautionary Statements regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the completion and anticipated results of planned exploration activities. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company’s planned exploration activities will be completed in a timely manner. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.
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.
Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
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.
