TUDOR GOLD Introduces Innovative 3D Geophysical Modeling Tool
TUDOR GOLD has developed plans for future exploration utilizing the work of Simcoe Geoscience Inc. of Toronto (“Simcoe”), which incorporates the Company’s latest drill results with previous Magnetotelluric (MT) imagery. Further to that, a previous Airborne Electromagnetic (EM) and Magnetic survey with strategic significance were also delivered to Simcoe in order to build a fully integrated dataset with 3D modeling capabilities. That process has now been completed. Analysis and re-interpretation of data is in progress and the initial results (Figure 1 & 2) demonstrate the capabilities of this innovative 3D modeling. The integrated results are accompanied by brief interpretations of the images and how it will be applied to the Company’s exploration planning.
Based on the 2017 drilling data integration, there appears to be a correlation with magnetic anomalies and the deeper MT anomalies in the Copper Belle area. In Figure 1 it is seen that the latest drilling was on or close to significant anomalous targets in the Copper Belle, GR2 and RR Zones. The Copper Belle Zone is open to the north, east and west of 2017 drilling, and there is an indication of another large anomaly to the south.
The GR2 and RR Zones have demonstrated mineralization at depth and are in close proximity to strong anomalous zones. There are significant Magnetic and MT anomalies noted in blue circles A & B that have yet to be explored. The magnetic and MT anomalies noted as Hot Spots and in more detail in Figure 2 have been used to locate several zones of interest shown on the plan view. The black box outline over the Copper Belle is the 1 km discovery area that is open in multiple directions.
In Figure 2 below, the two circled hot spots from Figure 1 are identified as A and B. The anomaly in circle B is the Copper Belle discovery. Circle A is an anomaly in the area known as the Konkin zone. This anomaly defines a target that will be explored in 2018 and possibly drilled. The Konkin zone covers part of the side-hill and continues down under the glacial ice. It also extends southward adjacent to and above the Treaty glacier. Previous channel sampling at Konkin ran 870 g/t Au over 1.2 m. Surface sampling, trenching and drilling data that is accumulated in 2018 will further the Company’s understanding of the anomalies and its ability to refine the drill target selection process.
The Qualified Person for the analytical information 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 of 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.
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.