HIGHLIGHTS INCLUDE 1.31 G/T AUEQ OVER 337.5 METERS IN HOLE GS-23-167 AND 1.01 G/T AUEQ OVER 412.5 METERS IN HOLE GS-23-164
VANCOUVER, BC, July 10, 2023 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: H56) (the “Company” or “Tudor Gold”) is pleased to present the first set of drill results for the 2023 exploration program (the “Program”) at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
Since the beginning of this year’s Program, the Company has successfully completed over 12,000 meters (m) of drilling, within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone. The five drill holes reported in this release are located in the northeastern area of the Goldstorm Deposit. Click to view plan map and cross sections.
Ken Konkin, President and CEO, comments: “We are very pleased to report the discovery of continued strong gold, silver, and copper mineralization outside the previously defined resource area with 150-m step-out holes GS-23-164 and GS-23-167. The overall strength and consistency of the Goldstorm system continues to amaze our technical team as the deposit remains open in all directions and at depth. Our continued success of these critical first-round results has prompted us to build several more drill pads designed to test all northern aspects to all domains as there appears to be no end in-sight to the Goldstorm Au-Cu-Ag mineralization as of yet. Equally important was the success of definition hole GS-23-168 within a vast block of the 300H Domain. The goal is to increase drilling density to potentially upgrade this large block into the Indicated category from the Inferred category of the Mineral Resource. GS-23-168 intersected 309.0 m of 1.02 g/t AuEQ including an enriched portion averaging 1.40 g/t AuEQ over 204.0 m, with a core of 1.99 g/t AuEQ over 75 m. Based on these very encouraging results, we have decided to pursue the northern aspects of the Goldstorm Deposit with five drill rigs, leaving one exploration rig to further drill-test the Perfectstorm Zone.”
GOLDSTORM DEPOSIT STEP-OUT DRILLING
SECTION 119+50 NE
GS-23-164, a 150 m northeast step-out was drilled to target the gold-dominant DS-5 Domain. Mineralization was encountered over a length of 412.5 m grading 1.01 g/t AuEQ (0.93 g/t Au, 6.26 g/t Ag, 0.01 % Cu), containing a higher-grade intercept of 124.5 m grading 1.51 g/t AuEQ (1.38 g/t Au, 11.54 g/t Ag, 0.01% Cu) with a very rich segment over 7.5 m of 11.56 g/t AuEQ (11.46 g/t Au, 9.34 g/t Ag, 0.01 % Cu). The DS-5 Domain remains open to the north and northeast. Another step-out drill pad was constructed 150 m to the north of this drill hole to allow continued exploration of the DS-5 Domain and the gold-copper dominant CS-600 Domain.
GS-23-167, a 150-m northeast step-out of the CS-600 Domain was drilled to expand the domain outside the northeastern edge of the 2023 Mineral Resource area. The drill hole returned an intercept of 337.5 m averaging 1.31 g/t AuEQ (0.87 g/t Au, 6.89 g/t Ag, 0.32 % Cu) with an enriched zone of 94.5 m averaging 1.80 g/t AuEQ (1.14 g/t Au, 9.87 g/t Ag, 0.47 % Cu). Additional step-out drill holes have been completed, or are currently underway, to continue expanding the CS-600 Domain (GS-23-169, GS-23-170, GS-23-172). Assays will be released when they are received and reviewed.
GOLDSTORM DEPOSIT DEFINITION AND INFILL DRILLING
SECTION 117+00 NE
GS-23-168: This hole intercepted unexpected 300-H Domain mineralization. Starting at 462 m, an intercept over a drill length of 309.0 m averaged 1.02 g/t AuEQ (0.96 g/t Au, 4.62 g/t Ag, 0.01 % Cu) with an enriched segment of 27.0 m grading 3.15 g/t AuEQ (3.07 g/t Au, 6.80 g/t Ag, 0.01 % Cu). This hole was shut down and had a wedge set at 684 m down hole to improve its target of the CS-600 Domain at depth. This wedged drill hole, GS-23-168-W1, is currently at a depth of 1900 m, drilling through a strongly mineralized area of the CS-600 Domain.
GS-23-163, GS-23-165: These drill holes were not sampled and shutdown early due to excessive drill hole deviation. Their original target was re-drilled as hole GS-23-168.
Table 1: Drilling Results for Goldstorm Deposit in Press Release July 10, 2023
Section | Hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | AuEQ (g/t) |
---|---|---|---|---|---|---|---|---|
119+50 NE | GS-23-164 | 622.50 | 1035.00 | 412.50 | 6.26 | 6.26 | 0.01 | 1.01 |
including | 870.00 | 994.50 | 124.50 | 11.54 | 11.54 | 0.01 | 1.51 | |
including | 889.50 | 897.00 | 7.50 | 9.34 | 9.34 | 0.01 | 11.56 | |
and | 1117.50 | 1147.50 | 30.00 | 5.11 | 5.11 | 0.02 | 1.02 | |
GS-23-167 | 880.50 | 1218.00 | 337.50 | 6.89 | 6.89 | 0.32 | 1.31 | |
including | 1042.50 | 1137.00 | 94.50 | 9.87 | 9.87 | 0.47 | 1.80 | |
117+00 NE | GS-23-163 | Hole abandoned, not sampled | ||||||
GS-23-165 | Hole abandoned, not sampled | |||||||
GS-23-168 | 462.00 | 771.00 | 309.00 | 0.96 | 4.62 | 0.01 | 1.02 | |
including | 534.00 | 738.00 | 204.00 | 1.32 | 6.51 | 0.02 | 1.40 | |
including | 562.50 | 637.50 | 75.00 | 1.94 | 4.22 | 0.01 | 1.99 | |
including | 610.50 | 637.50 | 27.00 | 3.07 | 6.80 | 0.01 | 3.15 |
- All assay v slues are uncut and intervals reflect drilled intercept lengths.
- HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
- The following metal prices were used to calculate the Au Eq metal content: Gold $1800/oz, Ag: $20/oz, Cu: $3.5/lb. Calculations used the formula AuEQ = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185). All metals are reported in USD and calculations consider recoveries of 90 % for gold, 80 % for copper, and 80 % for silver.
- True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.
Table 2: Drill data for holes in Press Release July 10, 2023
Section | Hole ID | UTM E NAD 83 | UTM N NAD 83 | Elevation (m) | Azi (ᵒ) | Dip (ᵒ) | Depth (m) |
---|---|---|---|---|---|---|---|
119+50 NE | GS-23-164 | 429366 | 6273405 | 1182 | 292 | -78 | 1188 |
GS-23-167 | 429026 | 6273660 | 1495 | 300 | -76 | 1218 | |
117+00 NE | GS-23-163 | 428925 | 6273439 | 1397 | 281 | -54 | 234 |
GS-23-165 | 428925 | 6273439 | 1397 | 288 | -56 | 321 | |
GS-23-168 | 428925 | 6273439 | 1397 | 288 | -58.7 | 1059 |
For further information, please visit the Company’s website at www.tudor-gold.com or contact:
Chris Curran
Head of Corporate Development and Communications
Phone: (604) 559 8092
E-Mail: chris.curran@tudor-gold.com
Carsten Ringler
Head of Investor Relations and Communications
Phone: +49 151 55362000
E-Mail: carsten.ringler@tudor-gold.com