October 24, 2019
Vancouver, B.C.

TUDOR GOLD intersects 2.006 g/t gold over 87 meters with a near-surface intercept of 1.004 g/t gold over 336 meters in drill hole GS19-52 and drills 826.5 meters of 0.696 g/t gold with drill hole GS19-49 in the Goldstorm zone at Treaty Creek

TUDOR GOLD Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “TUDOR GOLD”) is pleased to announce the successful completion of the 2019 exploration program at the Goldstorm Zone on the company’s Treaty Creek property, which totalled 9,781.8 meters within 14 diamond drill holes. This year’s drilling program generated the best near-surface results attained to date on the project. As well as several hundred meters extension along strike to the northeast, the drilling has significantly expanded the mineralized limits to the southeast, where one of the best near-surface intervals averaged 2.006 g/t Au over 87m, within 336 m averaging 1.004 g/t Au in hole GS19-52.

The results of the five final holes are reported below. Hole GS19-49 was drilled to 960.1 m, at -80° dip, on Section 111+00 NE next to the previously announced vertical hole GS19-48, which yielded 0.725 g/t Au over 838.5m, including an upper horizon that averaged 1.048 g/t gold Au over 328.5 m. Hole GS19-49 returned equally impressive results with a comparable 0.696 g/t Au over 826.5 m and the upper horizon averaging 0.998 g/t Au over 249 m. Along the same section, hole GS19-52 (-50° dip at 115° azimuth) was drilled much longer than expected because the Goldstorm System continues at least 700 m to the southeast ; GS19-52 averaged 1.004 g/t gold  over 336 meters with a higher grade core of 2.006 g/t gold over 87 meters within the upper horizon.

 

Furthermore, Mr. Konkin adds: “We are seeing consistent silver and copper mineralization associated with the deeper gold horizons such as the previously reported 151.5 m zone of 0.572 g/t gold, 8.5 g/t silver and 0.21% copper that was intercepted from 665.0 to 816.5 m in GS19-47 and a 66.0 m zone with 0.958 g/t gold, 3.9 g/t silver and 0.35% copper, which was intercepted from 874.5 to 940.5 m in GS19-48. Similarly, we have now seen in GS19-49, a 78 m intercept averaging 1.145 g/t gold, 11.2 g/t silver and 0.21% copper (750-828 m) and in GS19-52 an 88.5 m interval averaging 0.352 g/t gold, 9.3 g/t silver and 0.25% copper (515-603.5 m). Not only does the Goldstorm Zone remain open at depth and along strike, we are now seeing base-metal associations possibly as part of a zonation within the hydrothermal system.”

 

The final three footwall extension holes (GS19-50, GS19-51 and GS19-53) were completed on section 110+00 NE. These were successful in extending the width of the mineralized zone to the southeast:

  • Hole GS19-50 returned an average of 0.602 g/t Au over 577.5 m including 0.811 g/t Au over 267.0  m in the ‘300 Horizon’.
  • Hole GS19-51 returned an average of 0.721 g/t Au over 246 m in the ‘300 Horizon’ and a lower horizon that averages 1.017 g/t Au over 40.5 m.
  • Hole GS19-53 returned an average of 0.984 g/t Au over 147.0 m in the ‘300 Horizon’.  GS19-53 was stopped in gold mineralization due to inclement end-of-season weather.

 

Table l provides gold composites from five drill holes recently completed on two sections that cut the Goldstorm Zone and Table ll provides the drill collar data, including drill hole location, elevation, inclination, azimuth and hole length. Results for other holes on the sections have been reported previously.

Table l: Gold Composites GS19-49 to GS19-53

SectionHole IDfrom (m)To (m)Interval (M)Gold (g/t)
110+00 NEGS19-50148725.5577.50.602
including1604272670.811
GS19-511193652460.721
and578618.540.51.017
GS19-53**1082551470.984
111+00 NEGS19-4981907.5826.50.696
including813302490.998
and487.5606118.50.941
and750790.540.51.949
GS19-52623983361.004
including225.5312.5872.006

GS19-53** Drill hole stopped in mineralization, to be completed in 2020

 

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

* True widths of the mineralization have not been determined

* HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.

Table ll: Drill Hole Data

SectionDrill HoleN_ N83_Z9E_N83_Z9ELEV_mAzimuthInclinationDEPTH(m)
110+00EGS19-506272886.7428393.71348.0111-70736.0
GS19-516272886.6428394.11347.3111-60635.0
GS19-536272885.8428394.11347.2113-50258.0
111+00EGS19-496272976.1428422.21370.5115-80960.1
GS19-526272974.9428423.91370.0115-50699.7

The updated Goldstorm Zone Sections 110+00 NE and 111+00 NE as well as the DDH Plan map are included at the bottom of the news release and on the Company’s website.

 

Walter Storm, President and CEO, stated: “I am very pleased that the safe and successful 2019 exploration program has concluded on such a positive note. All 14 exploration drill holes hit their targets and they all returned very good results. The consistency of the mineralized intercepts from hole to hole is equally impressive. This years’ drill program has vastly increased the known size of the Goldstorm mineralized body but further drilling is essential to define the full length, width and depth of the system which still remains open in all directions.”

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. MSA Labs is independent of the Company.

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 hectares 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 60% interest in the Electrum project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.

Contact Information

Director Corporate Development and Communications

Catalin Kilofliski, Director Corporate Development and Communications
Phone: +1 604 559 8092
E-Mail: catalin@tudor-gold.com

Cautionary Statements regarding Forward-Looking Information

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. 

All statements other than statements of historical fact included in this release, including, without limitation, statements regarding analysis and re-interpretation of data, and potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company’s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or 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 actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. 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.