December 15, 2020
Vancouver, B.C.

TUDOR GOLD intersects 1.215 GPT AUEQ over 354.0 meters within 1225.5 meters of 0.702 GPT AUEQ (hole GS-20-94) and 1.078 GPT AUEQ over 345.0 meters within 921.0 meters of 0.821 GPT AUEQ (hole GS-20-83) at the Goldstorm Zone, Treaty Creek, Northwest B.C.

TUDOR GOLD Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “TUDOR GOLD”) is pleased to present results for the fifth set of diamond drill holes for the Goldstorm Zone at their flagship property, Treaty Creek. The project is located in the heart of the Golden Triangle of northwestern British Columbia and is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone. Results from 12 diamond drill holes have recently been received from MSA Labs with final results from another 11 diamond drill holes pending. All drill holes have successfully intersected the Goldstorm System, expanding and defining the mineralization along the northeast and southeast axes, as well as to depth. The Goldstorm System 300 Horizon has now been traced for 1100 meters along the northeast axis and, as well, the CS-600 and DS-5 zones have been expanded to the northeast and to depth.  All 39 drill holes completed at Goldstorm during the 2020 program have encountered significant precious metal mineralization. The 2020 Treaty Creek Diamond Drill Program was completed last week, and field personnel have winterized the camp. The track-components of two track-mounted diamond drills remain on site ready for start-up of the 2021 exploration season.

TUDOR GOLD’s Vice President of Project Development, Ken Konkin, P.Geo., states: “We are very pleased with the results obtained from all 39 drill holes completed this year to-date and we anticipate the release of the final 11 holes of the year within a few weeks. This brings the total to 50 drill holes that were completed this year at the Goldstorm Zone. These latest holes continued to expand the limits of the mineralized targets along the northeastern and the southeastern axes, and to depth. For a fifth consecutive press release, we have surpassed our best result from last years’ drill hole program (0.697 AuEq over 1081.5 meters in hole GS-19-47) with drill holes GS-20-83 and GS-20-94 as described in the headline. The final 11 drill holes represent over 9600 meters of drilling and we expect that MSA Labs will complete the analysis of these final samples as soon as possible.”

Treaty Creek Highlights include:

  • Twelve drill holes presented in this press release total 11,551.1 meters
  • The best results were from GS-20-94, a near-surface 354.0 meter intercept (36.0-390 m) averaging 1.215 gpt AuEq and GS-20-82 with a 351m intercept (113.0-464.0 m) averaging 1.051 gpt AuEq. Both holes are located on Section 111+00 NE.
  • Equally impressive was drill hole GS-20-83 that also had a near-surface intercept over a similar 345.0 meters (73.5-418.5 m) that averaged 1.078 gpt AuEq on Section 112+50 NE.
  • More Core Drilling did an excellent job completing 50 HQ/NQ2 diamond drill holes totaling 43,972 meters at Goldstorm and 1,636 meters at the Perfect Storm Target with three drill holes.

 

The following three tables below provide the complete list of composited drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth.

Table l: Results Goldstorm Zone Press Release December 15th 2020

SectionHoleZoneFromToInterval (m)AuAgCuAuEQ
114+00 NEGS-20-80300H + CS600222.501349.001126.500.3691.666530.486
including 300H398.00695.50297.500.4881.981350.531
and including CS600831.501028.00196.500.5723.2527031.011
115+50 NEGS-20-81300H + CS600 + DS5558.401389.50831.100.4221.569400.580
including 300H + CS600558.40957.50399.100.5291.9617120.807
with 300H558.40636.5078.101.0471.521391.086
and with CS600704.00957.50253.500.4812.3724940.879
111+00 NEGS-20-82300H + CS600113.001041.50928.500.6292.465190.736
including 300H113.00464.00351.000.9693.562631.051
with 300H224.00422.00198.001.2835.294081.407
112+50 NEGS-20-83300H + CS600 + DS573.50994.50921.000.6763.976550.821
including 300H73.50418.50345.001.0083.481911.078
and including CS600566.45727.50161.050.4263.9028630.898
and including DS5813.00994.50181.500.9197.331901.035
112+50 NEGS-20-85300H66.50692.00625.500.7483.802750.834
CS600752.00989.00237.000.2412.2317340.524
DS51118.001278.50160.500.5112.111280.555
114+00 NEGS-20-86300H118.50577.50459.000.7123.432630.792
CS600730.50942.00211.500.4692.4921720.821
DS51014.001425.00411.000.5952.851450.650
including1192.501395.00202.500.8893.391300.949
111+00 NEGS-20-89*300H87.00125.0038.001.14212.85911.309
111+00 NEGS-20-90300H + CS60063.00847.50784.500.6462.894650.750
including 300H72.00405.00333.000.9153.601770.984
and including CS600643.50768.00124.500.6354.6016320.932
110+00 NEGS-20-93*300H20.50237.50217.000.5353.401520.599
incl.20.50131.00110.500.8505.492060.946
111+00 NEGS-20-94300H36.001261.501225.500.6462.501780.702
including36.00390.00354.001.1234.142871.215
or including36.00820.50784.500.8563.452390.933
108+00 NEGS-20-96300H6.00109.50103.500.8042.271290.850
CS600279.00385.50106.500.2283.7712350.457
110+00 NEGS-20-97300H18.40584.00565.600.6091.951070.648
incl.18.40381.50363.100.6932.351410.742

* lost drill hole in mineralization

  • All assay values are uncut and intervals reflect drilled intercept lengths.
  • HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals
  • 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.

Table ll: Drill Data for Holes in Press Release December 15th, 2020

SectionHole IDUTM E NAD83UTM N NAD83Elevation (m)Azi (°)Dip (°)Depth (m)
108+00 NEGS-20-96428358.86272666.61301.1115-45552.0
110+00 NEGS-20-93428520.76272796.91270.5288-50316.2
GS-20-97428520.76272796.71270.5286-52662.0
111+00 NEGS-20-82428428.36272984.31372.6295-781050.3
GS-20-89428430.96272982.51371.2125-72126.0
GS-20-90428431.26272982.01370.8115-74873.0
GS-20-94428551.56272932.51292.5287-571335.0
112+50 NEGS-20-83428539.76273077.51366.5115-73999.0
GS-20-85428550.96273085.91367.0295-801316.0
114+00 NEGS-20-80428651.56273191.91369.9295-701391.0
GS-20-86428651.46273191.81369.3295-801449.0
115+50 NEGS-20-81428781.46273288.41345.1295-701481.6

* lost drill hole in mineralization

Table III: DDH Data for completed holes with results pending

SectionHole IDUTM E NAD83UTM N NAD83Elevation (m)Azi (°)Dip (°)Depth (m)
108+00 NEGS-20-100428355.06272668.21301.1295-55812.0
109+00 NEGS-20-95428415.86272747.31289.3115-57582.0
GS-20-98428413.96272748.11290.1115-68534.0
112+50 NEGS-20-87428541.36273076.81366.1115-60937.7
GS-20-91428667.06273018.01287.0287-501191.0
114+00 NEGS-20-84428659.16273197.51368.7115-691064.0
GS-20-92428810.86273080.11255.6287-451023.0
GS-20-102429094.66272944.21234.1290-90725.0
115+50 NEGS-20-88428781.46273288.41345.1295-751440.0
GS-20-99429128.76273106.31223.7290-85965.0
117+00 NEGS-20-101429226.76273216.61211.0290-90348.0

Attached are Sections 108+00 NE, 110+00 NE, 111+00 NE, 112+50 NE, 114+00 NE and 115+50 NE showing holes traces with histogram plots for gold and copper results and a Plan Map showing the drill hole and section locations.

Plan Map

Walter Storm, President and CEO, stated: “We are very pleased to announce the safe successful completion of our 2020 diamond drill hole program. We completed over four times the amount of drilling from the previous year’s program, greatly advancing TUDOR’s flagship Treaty Creek Property. We completed almost 44,000 meters of drilling at the Goldstorm System and over 1,600 meters of drilling at the Perfect Storm target. Once we receive the final results from the last eleven drill holes, we will then pass the data to our resource engineers and geoscientists for an initial resource estimate. Continued drilling is required for 2021 to locate the limits or edges of the mineralized system.  Due to the size and robust nature of the mineralization, the Goldstorm System remains open on all fronts and to depth. We are proud of what we have achieved in these last two years of exploration and in-particular, the great effort to withstand the harsh winter elements during November and December at Treaty Creek to bring the 2020 drill campaign to a safe close. Our commitment is to continue to advance the project as quickly as possible. We have left the track-drill carriage components for two track-mounted drill rigs on-site so our team can get an early start to the 2021 drill season. We look forward to receiving the final results of the eleven drill holes from MSA Labs within a couple of weeks to complete the 2020 exploration season on schedule.”

 

TUDOR GOLD Corp and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols.

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s Vice President 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 Corp. 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. In March 2021, Tudor published their INITIAL MINERAL RESOURCE ESTIMATE with 19.4 million ounces AuEq of 0.74 g/t AuEq (measured and indicated) and 7.9 million ounces AuEq of 0.79 g/t AuEq (inferred). The Company also has a 100% interest in the Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.

Contact Information

Carsten Ringler

Head of Investor Relations and Communications

Phone:+1 604 559 8092 or +49 151 55362000

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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 connation 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.

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