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Tudor Gold Corp. trenches 30,200 g/t silver at the new blast zone on the Electrum property

TUDOR GOLD Corp. (TSX.V: TUD) (the “Company” or “TUDOR GOLD”) is pleased to announce that blasted bedrock trenching on the Electrum property has expanded the high-grade silver-gold mineralization at the New Blast Zone.

The Electrum project is a joint venture between project operator TUDOR GOLD (60%) and American Creek Resources Ltd. (40% JV partner). It is located in the Golden Triangle, north of Stewart, B.C., a region known for its dynamic, large scale precious metal exploration and mining activities. The surface blasting program was started after the completion of the 2016 Electrum drill program, from which complete assay results are still pending and will be released once received and compiled. In total 19 drill holes, totaling 1,406 meters were completed. A total of 1492 core samples were collected and assayed. Standard sample interval was one meter with 0.25m sub samples collected to test contacts and anomalous intervals. A specialized diamond coring drill was utilized which has the capability to drill flat holes and provides the ability to drill targets of interest with more precision. Low angle drill geometry allows TUDOR GOLD to take advantage of mountainside geometry and follow the surface exposed mineralization down dip. Twelve representative specimens were collected across a central vein system on New Blast Zone. It is approximately 5 m wide and currently exposed for 15 meters along strike. The vein system is open in both directions and at depth. The central axis of the vein system is infilled with a fine-grained blackish, blue-grey mineralization. The northern contact of which is a 0.5m wide sharp edged quartz fragments in a foliated sulphide-quartz-carbonate matrix. The sulphides are pyrite, pyrrhotite, with thin galena/silver seams. The twelve representative specimens collected from the structure averages 3,461.92 grams (111.30 oz) silver per tonne and 2.24 grams gold per tonne. An 8 cm wide silver sulphide core seam returned 30,200 grams (1,065.3 oz) silver per tonne.

New Blast Zone results

AnalyteSymbolAu (g/mt)Ag (g/t)As (%)Cu (%)Pb (%)Zn (%)
Detection LimitField5,0030.010.00131
AnalysisMethodTrenchDescriptionFA-AAFA-GRAICP-OESICP-OESICP-OESICP-OES
E903305NBT01vuggy central vein2.578660.020.0334.370.062
E903306NBT01vuggy qtz vein1.64381<0.010.0120.8940.068
E903307NBT01fine grained galena1.0126700.080.3331.41.86
E903308NBT01‘gouge’4.6730700.110.035180.105
E902451NBT01Qtz sulphide bx0.212302000.030.0020.0810.004
E902454NBT01Qtz vein1.49360.030.0210.1830.2
E902456NBT01Rk1 & Rk 2 contract5.7810200.130.5235.477.51
E902459NBT01Rk type 1 ‘ore’5.0315000.10.4567.9515.2
E902462NBT01Rk type 2 footwall)1.437870.10.3395.8911.6
E902465NBT01massive sulphide (py)0.296460.050.0020.0110.011
E902467NBT01Rk type 3 (hanging wall)1.689220.020.0182.610.06
E902468NBT01Qtz galena crystals1.11450.020.0450.2310.749

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.

  1. 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
  2. Ag (3 – 10,000 g/t) by 30g Fire Assay / Gravimetric finish
  3. 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.

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 connotation 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.