TUDOR GOLD Step-Out Hole Hits Large, Continuous Gold-Bearing System At Treaty Creek Property (0.981 g/t Gold over 563.8 meters in CB-18-39)
Copper Belle significant drill results
CB-18-39 intersected mineralization from a depth of 141.5 m to the end of the hole at 705.3 m, averaging 0.981 g/t Au over 563.8 m. The hole also contained higher grade sections, such as 1.719 g/t Au, with 10.4 g/t Ag, over 55.5 m and, significantly, the hole ended in mineralization, grading 0.673 g/t Au over 38.8 m, indicating potential for continuing mineralization at depth.
CB-18-39 was drilled northwesterly at an angle of -72 degrees. The host volcaniclastic rocks are typically chlorite, sericite and locally potassically altered, however the more strongly mineralized intervals exhibit increased pyrite and stronger silicification than surrounding rocks. This hole also displayed more chalcopyrite than was observed in previous holes. This may indicate that copper grades could be increasing to the north. Silver values were also higher on average in hole CB-18-39, with sections such as 10.4 g/t Ag over 55.5 m from 569.0 m to 624.5 m.
Hole CB-18-39 is the northernmost hole drilled to date and has extended the length of the Copper Belle Zone approximately 90 m northeast from CB-18-37B, to a total known length of 1200 m. Hole CB-18-38; a fill-in hole in the east part of the drill grid, returned wide intercepts of gold mineralization similar to nearby previously drilled holes. Hole CB-18-36 was drilled at the west edge of the drill grid and gold-bearing intervals in this hole indicate that the zone continues at depth in that direction. Gold, silver and copper results for holes CB-18-38 and CB-18-36 are summarized in the table below.
CB-18-38 was a fill-in hole located approximately 60 m and 140 m from the adjacent holes (see map below), providing important information about the width, grade and continuity of the Copper Belle Zone in this area. It was drilled to the northwest at an angle of -72 degrees, parallel to the adjacent holes, and returned three broad intervals of gold mineralization; 0.514 g/t Au over 75.0 m, 0.545 g/t Au over 146.5 m and 0.659 g/t Au over 169.5 m. Additional narrower intervals included 0.561 g/t Au over 19.5 m, as well as 0.540 g/t Au over 12.0 m, which extended to the end of the hole indicating that mineralization probably continues at depth.
The gold mineralized intervals in CB-18-38 are primarily hosted by andesitic tuff and fragmental rocks that are moderately silicified, with chloritic, sericitic and potassic alteration, and are cut by abundant fine pyrite veins and later quartz-carbonate veins. Pyrite content averages about 5%, occurring as fine veins, disseminations and local coarse masses in the host rocks. Gold occurs primarily within the pyritic intervals, as well as within later quartz veins, along with rare chalcopyrite, galena and sphalerite.
CB-18-36 was located at the west edge of the drill grid, and oriented to the northwest at an angle of -72 degrees. It intersected a wide zone of faulting and brecciation that has undergone sericite alteration, with overprinted strong silicification and abundant pyrite. This fault zone, plus underlying brecciated volcanic rocks, is mineralized over a drilled length of more than 140 m, and contains a more strongly mineralized gold zone averaging 0.760 g/t Au over a thickness of 46.5 m. Later quartz-carbonate veins containing pyrite, with lesser galena and sphalerite may also contribute to the gold grades.
The nine holes drilled in 2018 covered an area measuring approximately 370 meters by 250 meters, to depths ranging from 600 to 900 meters.
The most recent drilling has now extended the known length of the porphyry-style mineralized system for over 1200 meters. For locations of the 2018 and other holes in the Copper Belle area please view the map below. The Copper Belle zone has an elongate north-northeast trend, dipping at a relatively flat angle to the northwest. Mineralization appears to be related to an extensive north-northeast trending tectonic zone that may be part of the extensive Sulphurets Thrust Fault structure that also traverses the KSM property to the south.
The objective of the 2018 drill program was to better define the extent of the Copper Belle zone. The results from the 2018 holes have provided additional information about continuity and grade of mineralization that, along with the previous drill results, will be integral for a resource calculation.
Drill core samples were prepared at ALS Global’s (independent) Preparation Laboratory in Terrace, BC and assayed at ALS Global’s (independent) Geochemical Laboratory in North Vancouver, 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. ALS Global Laboratories quality system complies with the requirements for the International Standards ISO 17025: 2005.
The Qualified Person for the Treaty Creek results in this new release is James A. McCrea, P.Geo., for the purposes of National Instrument 43-101. 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.
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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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