TUDOR GOLD Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “TUDOR GOLD”) today announced that the HC mineralized zone of the HC deposit (the “HC Zone”) within the GR2 claim block on the 60%-owned Treaty Creek project located in the “Golden Triangle, BC” (the “Treaty Creek Project”) hosts a precious metal-rich, polymetallic, volcanogenic massive sulphide and sulfosalt (“VHMS”) mineralized system.
Walter Storm, President and CEO, stated: “We are very pleased with the results so far. We were attracted to the Treaty Creek Project by the clear potential for extensive mineralized zones on our claims and the results from the HC Zone within the GR2 claim block have exceeded our expectations. We look forward to the completion of a resource estimate on the HC Zone, and a resource estimate on the Copper Belle project which is also well underway.” The HC Zone appears to be a complete precious metal-rich VHMS deposit in which the feeder vein system, the vent structures, and the sulphides in a restricted sedimentary basin had been intersected. All three zones of the HC deposit carry elevated values of gold. The feeder vein system also carries elevated silver and base metal (Pb, Zn, Cu) content.
“We are very pleased with the results so far. We were attracted to the Treaty Creek Project by the clear potential for extensive mineralized zones on our claims and the results from the HC Zone within the GR2 claim block have exceeded our expectations.”
Walter Storm, President & CEO
The HC Zone shows elevated concentrations of gold, silver, Sb-sulfosalts hosted between a pervasively sericite-pyrite-chlorite altered volcaniclastic sequence (bimodal mafic-felsic affinity), and restricted sedimentary basins where mudstones host sulfide mineralization underlying stockwork base metal and precious metal veins. These characteristics are similar and unique to the nearby Eskay Creek deposit. The highest grade, and most continuous precious-metal mineralization within the HC Zone, occurs as an apparent stratabound zone at the contact of the footwall mudstone and the hydrothermally altered volcaniclastic sequence. This is interpreted as being the product of a mineralizing growth-graben fault, proximal to felsic flows, ash tuffs, and felsic conglomerates.
During the ongoing 2017 season, TUDOR GOLD has drilled 13 holes in the vicinity of, and to the north of the 9 holes drilled in 2007 and 11 holes in 2009 by American Creek Resources. Together, these 33 holes have produced consistent geology demonstrating the continuity of the feeder vein system, the vent structure, and the sedimentary basin within the area bounded by these holes (assays received up to HC-17-07, awaiting assays on all remaining 2017 holes).
The holes drilled by TUDOR GOLD and American Creek Resources cover approximately 400m along strike and 450m down dip at 50m space increments in the direction of the main mineralized structure. Historical surface sampling carried out by previous operators to both the north and south of the HC Zone indicates that the main mineralized structure extends at least for 3,000m along strike. The entire 3,000m mineralized structure which hosts HC remains open to the north, south beyond the existing drill holes, and down dip.
Assay Results
The Feeder Vein System
It is comprised of discordant veins hosted mainly in pervasively sericite-pyrite-chlorite altered volcaniclastic sequence. Two types of veins are recognized: silver dominant Mn-rich carbonates and sulphides (semi-massive yellow to light brown zoned sphalerite, galena, pyrite and minor chalcopyrite can add to >50% of the veins) and gold dominant chalcedonic quartz veins. Textures include those more typical of the epithermal suite (banded, crustiform, breccia/vein).
The Feeder Vein System
| Hole ID | From (m) | To (m) | Interval (m) | Au (ppm) | Ag (ppm) |
|---|---|---|---|---|---|
| HC-17-01 | 170.35 | 170.8 | 0.45 | 6.4 | 29.1 |
| HC-17-02 | 256.65 | 257.45 0.8 | 4.53 | 55.1 | – |
| and | 258.3 | 259,00 | 0.7 | 6.16 | 59.4 |
| HC-17-03 | 395.35 | 397.3 | 1.95 | 10.97 | – |
| including | 395.35 | 395.9 | 0.55 | 14.30 | – |
| and | 395.9 | 396.8 | 0.9 | 3.48 | 16.9 |
| and | 396.8 | 397.3 | 0.5 | 20.80 | 548 |
| and | 435.3 | 435.8 | 0.5 | 33.80 | – |
| HC-17-04 | 261.4 | 261.95 | 0.55 | 2.65 | 234 |
| and | 283.1 | 283.55 | 0.75 | 0.21 | 359 |
| and | 283.85 | 284.9 | 01.05 | 0.79 | 316 |
| HC-17-05 | 203.05 | 203.95 | 0.9 | 11 | 13.8 |
| HC-17-07 | 143.45 | 147.2 | 3.75 | 6.22 | – |
| including | 143.45 | 144,00 | 0.55 | 5.13 | 30.6 |
| and | 145.9 | 147.2 | 1.3 | 13.3 | 87 |
The Vent Structure
It is comprised of silica flooded and altered mudstone and volcanic conglomerates along with breccias and semi-massive sulphide replacements. Several stages of silica can be recognized cementing and replacing successive events of brecciation. Silica alteration occurs as silicification and chalcedonic silica, usually gray to bluish in color, obliterating previous textures. Pyrite and Sb-sulphosalts are the dominant sulphides as veinlets, stringers and semi-massive replacements. Stibnite, galena, sphalerite and arsenopyrite are also common in veinlets and disseminations
Assay results Vent System
| Drillhole | From (m) | To (m) | Interval (m) | Au (ppm) |
|---|---|---|---|---|
| HC-17-01 | 247.3 | 247.8 | 0.5 | 2.58 |
| and | 247.8 | 248.35 | 0.55 | 5.52 |
| HC-17-04 | 345.4 | 345.85 | 0.45 | 2.03 |
| and | 345.85 | 346.3 | 0.45 | 11.1 |
| HC-17-05 | 203.05 | 203.95 | 0.9 | 11 |
The Sulphides in Sedimentary Basins
The Electrum property lies in the Coast Mountains of northwestern British Columbia, approximately 40 kilometers north of Stewart, British Columbia, and approximately 25 kilometers south of Pretium’s Brucejack project. The property comprises 8 claims totaling 650 acres, of which six claims are subject to a 2% net smelter royalty (“NSR”) which can be purchased at any time for $1,000,000. In total, $5,000,000 in exploration expenditures have been completed by American Creek on the property.
Assay Results Sulphides in Mudstone Host
| Drillhole | From (m) | To (m) | Interval (m) | Au (ppm) |
|---|---|---|---|---|
| HC-17-01 | 249.35 | 250.35 | 1 | 4.7 |
| and | 250.35 | 251.35 | 1 | 10.2 |
| and | 251.35 | 252.35 | 1 | 4.59 |
| and | 252.35 | 252.85 | 0.5 | 14.6 |
| and | 252.85 | 253.75 | 0.9 | 12.6 |
| and | 253.75 | 254.45 | 0.7 | 2.13 |
| HC-17-04 | 346.6 | 346.95 | 0.35 | 5.17 |
| and | 346.95 | 347.35 | 0.4 | 8.91 |
| and | 347.35 | 348 | 0.65 | 4.42 |
| and | 348 | 348.6 | 0.6 | 16.5 |
| and | 348.6 | 349.3 | 0.7 | 14.4 |
| and | 349.3 | 350 | 0.7 | 5.41 |
| HC-17-05 | 203.95 | 205.5 | 1.55 | 807 |
| and | 205.5 | 207 | 1.5 | 787 |
| and | 207 | 208.55 | 1.55 | 1.98 |
Quality Control and Data Verification
Samples were assayed by Activation Labs in Kamloops, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standard samples and duplicate samples inserted at regular intervals into the sample train by TUDOR GOLD personnel. Activation Lab’s quality system complies with the requirements for the International Standards ISO 9001: 2000 and ISO 17025: 1999.
The Qualified Person
This press release has been prepared and verified by Raul Sanabria, M.Sc., P.Geo, EurGeol, Exploration Manager and Qualified Person for the 2017 Treaty Creek Project field season and a Qualified Person for the purposes of National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
For further information, please visit the Company’s website at www.tudor-gold.com or contact:
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.
