TUDOR GOLD INITIATES DIAMOND DRILLING AT THEIR FLAGSHIP TREATY CREEK AU-CU-AG PROJECT
VANCOUVER, BC, May 11, 2020 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold“) is pleased to announce that it has begun this season’s diamond drill hole program at its flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling has begun with two drill rigs on the Goldstorm Zone which is on-trend from Seabridges’ KMS Project located just five kilometers to the southwest. These first two drills have begun drilling the initial holes of the 20,000 meter, exploration program.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “We are very proud of the hard work and dedication that our crews exhibited during the weeks prior to the start of drilling. Due to their diligence in preparing the camp we have been able to start our drill program a month earlier than last year’s program. The priority is to continue to expand the Goldstorm System to the southeast and to the northeast.
The current known length of the northeast axis of the Goldstorm System is over 850 meters, and the southeast axis is at least 600 m; the system remains open in both dimensions, as well as to depth. The strongest mineralization encountered to date is from two consecutive 150m step-out holes at the northeast end of the drill grid: GS-19-42 yielded 0.849 g/t Au Eq over 780 m with the 300 Horizon averaging 1.275 g/t Au Eq over 370.5m and GS-19-47 yielded 0.697 g/t Au Eq over 1,081.5m with the 300 Horizon averaging 0.867 g/t Au Eq over 301.5m. Our program will be focussed on expanding the mineralized area from these two very encouraging step-out holes. Furthermore, we plan to continue advancing along the NE axis with yet another 150 meter step out hole. The best results from the southeast dimension came from GS-19-52 which yielded 0.783 g/t Au Eq over 601.5m with 1.062 g/t Au Eq over 336.0m within the 300 Horizon. “
(The above results were from the company’s news release dated March 3rd, 2020,, in which the following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). 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.)
Tudor Gold and its associated service companies have taken extreme measures to maintain the highest professional standards while working under COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. An on-site certified paramedic conducts strict daily monitoring of temperatures and general health conditions of personnel and service providers who are working at the project site and the staging area.
Walter Storm, President and CEO, stated: “I am very pleased with the safe start-up of the 2020 exploration program thanks to the hard work and dedication of our crews. The Company’s intent is to advance the Treaty Creek Project with full recognition and confidence in the recommended COVID-19 safety protocols. The goal for this year is to complete enough drilling that we can begin to delineate a first resource estimation at Treaty Creek.”
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s Vice President of 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.
About TUDOR GOLD
TUDOR GOLD is a precious and base metals explorer with properties in British Columbia’s Golden Triangle, 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. The Company also has earn in options and 100% interests in other prospective projects located in the Golden Triangle area.
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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 other than statements of historical fact included in this release, including, without limitation, statements regarding analysis and re-interpretation of data, and potential mineralization and geological merits of the Treaty Creek Project 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or 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 actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.