TUDOR GOLD Continues To Grow Copper Belle; Hole 37b Returns 482 m of 0.486 g/t gold, including 175.5 m of 0.790 g/t gold
The deep drilling program is now finished for the season and results of core sampling have been received for six of the nine holes completed. The first two holes were reported in the August 24 news release.
Walter Storm, President and CEO, stated: “As the assay results come in from our deep drilling program at Copper Belle, the gold mineralized zone is really taking shape. We are seeing thick intervals of good gold grades in our northernmost hole reported to date. This indicates to us that the strong Copper Belle mineralization may continue to the north-northeast of our current drilling.”
Holes CB-18-34 and 37B were drilled to the northwest at angles of approximately 75 degrees into the central part of a strong magnetic high (see map below) and returned broad intervals of gold mineralization. Holes CB-18-33B and 35B, located approximately 150 m farther to the west, were also drilled northwesterly; however, the gold values were lower in these two holes. The objective of the 2018 drill program was to better define the extent of the Copper Belle zone and the results from these holes have accomplished that. Excellent gold intercepts from our northernmost hole reported to date and moderately strong magnetic intensity extending north-northeasterly from the north end of the drill grid, indicate that the zone has good potential to continue in that direction.
Gold, silver and copper results for holes CB-18-33B, CB-18-34, CB-18-35B and CB-18-37B , as well as hole 37, which was lost at 131.2 m, but re-drilled as 37B, are summarized in the table below.
CB-18-34 had two wide intervals of gold mineralization; 0.554 g/t Au over 178.5 m, which included 0.830 g/t Au over 75.0 m and a lower zone of 0.344 g/t Au over 94.5 m. The gold mineralized intervals are primarily hosted by andesitic tuff and fragmental rocks that are moderately silicified, chlorite and sericite altered, and cut by abundant fine quartz-carbonate veins. Pyrite content averages about 10%, occurring as disseminations and local coarse masses in the host rocks, as well as within some of the quartz-carbonate veins, with rare chalcopyrite and arsenopyrite.
CB-18-37B also intersected two zones of mineralization over impressive widths; the upper zone averaged 0.772 g/t gold over 43.5 meters and the lower zone returned 0.486 g/t Au over 482.0 m, which included intervals of stronger alteration and mineralization, such as 0.790 g/t gold over 175.5 meters. The host rocks are similar to those in hole CB-18-34 and higher gold grades are associated with increased silicification, potassic alteration and pyrite content.
The nine holes drilled in 2018 covered an area measuring approximately 370 meters by 250 meters, to depths of 600 to 900 meters. The 2018 drilling has now extended the known length of the porphyry-style mineralized system for over 1100 meters. For locations of the 2018 and other holes in the Copper Belle area that are overlain on Total Magnetics contours, 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 may be related to an extensive north-northeast trending tectonic zone, similar to the distribution of the four KSM deposits on Seabridge’s property that are located along a ten kilometer length of the Sulphurets Thrust Fault zone.
Drill core samples were prepared at ALS Global’s Preparation Laboratory in Terrace, BC and assayed at ALS Global’s 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
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.
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.
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