TUDOR GOLD Corp. trenches 30,200 g/t silver at the new blast zone on the Electrum property
New Blast Zone results
|Analyte||Symbol||Au (g/mt)||Ag (g/t)||As (%)||Cu (%)||Pb (%)||Zn (%)|
|E903305||NBT01||vuggy central vein||2.57||866||0.02||0.033||4.37||0.062|
|E903306||NBT01||vuggy qtz vein||1.64||381||<||0.01||0.012||0.894||0.068|
|E903307||NBT01||fine grained galena||1.01||2670||0.08||0.33||31.4||1.86|
|E902451||NBT01||Qtz sulphide bx||0.212||30200||0.03||0.002||0.081||0.004|
|E902456||NBT01||Rk1 & Rk 2 contract||5.78||1020||0.13||0.523||5.47||7.51|
|E902459||NBT01||Rk type 1 ‘ore’||5.03||1500||0.1||0.456||7.95||15.2|
|E902462||NBT01||Rk type 2 footwall)||1.43||787||0.1||0.339||5.89||11.6|
|E902465||NBT01||massive sulphide (py)||0.296||46||0.05||0.002||0.011||0.011|
|E902467||NBT01||Rk type 3 (hanging wall)||1.68||922||0.02||0.018||2.61||0.06|
|E902468||NBT01||Qtz galena crystals||1.11||45||0.02||0.045||0.231||0.749|
Trenching continues with blasting on the Shiny Cliff vein mineralization. It has exposed mineralization which is similar in nature to that at the New Blast Zone. Blast rock samples from the Shiny Cliff area have been sent in for analysis.
Trenching and sampling is ongoing to see if the mineralization connects between the Shiny Cliff and New Blast. Based on the results, the Company intends on applying for a permit from the BC Ministry of Energy & Mines to remove a bulk sample of mineralized material from the Electrum property.
The bulk sample program is intended to investigate the metallurgical properties and determine mineralized grades. Walter Storm, President and CEO stated: “We are very pleased with the results of the work on the Electrum this summer as we have increased the known mineralized gold and silver zones.” The Electrum project (historical East gold mine) is located approximately 25 km south of Pretium’s Brucejack gold mine. The Electrum is road accessible and is only 45 km from world-class concentrate shipping port facilities located in Stewart.
Quality Assurance/Quality Control Analytical work for trench specimens are being carried out by Actlabs Kamloops, (Accredited Laboratory No. 790). Quality assurance and quality control programs include the use of analytical blanks and standards and duplicates in addition to the labs own internal quality assurance program. All specimens were first analyzed according to the following procedures.
- gold Au (0.005 – 10 ppm) by 30g Fire Assay / AA where Au >3 g/t, automatically analyse a new 250g reject split for Au by 50g Fire Assay / Gravimetric finish
- Ag (3 – 10,000 g/t) by 30g Fire Assay / Gravimetric finish
- Assay Grade, 0.5g Aqua Regia (Partial) Digestion with ICP-OES analysis for the following four elements and detection limits: As (0.01%), Cu (0.001%), Pb (0.003%), Zn (0.001%)
All samples were then treated by “Gold by Metallic Screen Fire Assay”. This entails a representative 1000g of pulverized sample sieved at 100 mesh (150 micron), with assays performed on the entire +100 mesh fraction and two splits of the -100 mesh fraction. A final assay is calculated based on the weight of each fraction.
The qualified person
The Qualified Person for the Electrum exploration program is Alex Burton, P. Eng., P. Geo. for the purposes of National Instrument 43-101.
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.
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.