TUDOR GOLD announces 2019 exploration plans
The primary exploration target within Treaty Creek is the Goldstorm system. From the southwest corner of the Treaty Creek claims, which are bordering Seabridge’s claims, the Sulphurets Thrust Fault leads from Seabridge’s Iron Cap Deposit to the Tudor Gold Goldstorm system. This regional thrust fault sharply defines the hanging wall contact of both the Iron Cap Deposit and the Goldstorm zone. The Goldstorm zone is located five kilometers northeast of Seabridges’ Iron Cap Deposit.
The Goldstorm mineralized body can be traced for at least 500 meters along strike. The gold mineralization appears to be confined to the northwest by what appears to be the Sulphurets Thrust Fault, however gold mineralization remains open in all other directions and is it open to depth as well.
Ken Konkin, P.Geo. TUDOR GOLD’s Exploration Manager, provides details on Company’s exploration plans and objectives for Treaty Creek:
“For the 2019 exploration season we have planned 20 diamond drill holes totaling 14,000 meters of drilling, subject to the Company having sufficient cash resources to fund the ongoing program. TUDOR GOLD plans to use two diamond drill rigs. The first phase of drilling will include 3,600 meters of drilling with five planned drill holes. The goal is to trace-out the gold mineralization to the footwall contact and to continue drilling to extend the zone to the northeast 200 meters beyond drill hole CB18-39 (0.981 gpt Au over 563.8m) (See news release of November 26, 2018). The gold system appears to be at least 300 meters wide and at least 700 meters deep, however the strongest mineralized horizons occur near surface in the uppermost parts of the mineralized body. In order to fast-track the exploration process, step-out drilling along strike is proposed in 200 meter sections. We believe that this approach is the most efficient way to outline the size and shape of the target.”
Walter Storm, President and CEO stated, “We are fortunate to have someone with such vast geological experience as Ken Konkin as TUDOR GOLD’s Exploration Manager. Our management team is very confident with Ken’s abilities and he will personally manage all aspects of the drill program. His preliminary work has been outstanding in defining and prioritizing drill targets.”
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.
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 a 100% interest in the Electrum Project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.
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.
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.
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.