September 26, 2019
Vancouver, B.C.

Appointment of new CFO and Corporate Secretary and additional information for 2019 drill holes

Vancouver, BC, September 26, 2019 – TUDOR GOLD Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “TUDOR GOLD”) announces that Mr. Scott Davis will be replacing Aris Morfopoulos as CFO and Secretary of the Company, effective October 1, 2019.

Mr. Morfopoulos will continue to provide services to the Company on a consulting basis.

 

The board of directors thanks Mr. Morfopoulos for his service and contributions to the Company over the past three years as CFO and Secretary and looks forward to continuing to work with him in his new capacity.

 

 

Mr. Davis is a partner of Cross Davis & Company LLP Chartered Professional Accountants, a firm focused on providing accounting and management services for publicly-listed companies.  He has over 20 years of experience in the areas of finance and accounting and has been mainly involved with publicly listed companies on the TSXV.  The Company looks forward to having Mr. Davis on the team as it moves forward with its projects.

The following table provides gold values for composite intervals from the nine drill holes completed to date in 2019 at the Goldstorm Zone on the Treaty Creek Property.  See the Company’s press releases of July 30 and September 23, 2019.

 

Gold Composite Intervals for Drill Holes GS19-40 to GS19-48

SectionHole IDFrom (m)To (m)Interval (m)Gold (g/t)
108+00NEGS19-40233503270.443
including81.512745.50.907
GS19-4127.53533250.589
including47146991.015
109+00 NEGS19-4368561.5493.50.566
including141.5561.54200.605
including141.519755.51.005
GS19-441013682670.807
including1252751501.065
GS19-4544369.5325.50.719
including622782160.901
including1052781731.000
GS19-4634.5628.55940.510
including175.5337.51620.734
including564600361.328
111+00 NEGS19-4897.5936838.50.725
including97.5426328.51.048
112+50NEGS19-4263.5843.57800.683
including63.5315.52521.268
including63.5434370.51.095
114+00NEGS19-47117.511991081.50.589
including200501.5301.50.828
and98611932070.930

* All assay values are uncut and intervals reflect drilled intercept lengths.

* True widths of the mineralization have not been determined

* All sample sizes are a standard 1.5m saw-cut split of HQ and NQ2 diameter drill core

The following table contains diamond drill hole location data for the drill holes completed in 2019. See the accompanying plan map that shows drill hole locations and section lines.

 

Diamond Drill Hole Coordinates

SectionHole IDNorthing UTM_N83_Z9Easting UTM_N83_Z9Elev (m)Azimuth (degrees)Inclination (degrees)Depth (m)
108+00NEGS19-4062727134283091314.8114-65506
GS19-4162727124283091314.8113-50449
109+00NEGS19-4362727974283531334.9114-75676
GS19-4462727974283541334.9114-60553
GS19-4562727974283541334.9115-47422
GS19-4662727974283541334.9115-85736
111+00NEGS19-4862729774284211370.6--901035
112+50NEGS19-4262730824285461365.8--90917
114+00NEGS19-4762731954286541368.0--901199

* Co-ordinates are subject to completion of final survey readings

* Orientations are reported for the azimuth and dip of holes at their collars

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.

 

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.

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.

Contact Information

Catalin Kilofliski

Director Corporate Development and Communications

Phone:+1 604 559 8092

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.