TUDOR GOLD Corp. (TSX.V: TUD) (Frankfurt: TUC) (the “Company” or “TUDOR GOLD”) is pleased to announce that drilling started on its Treaty Creek Project, located within the Golden Triangle in northwestern British Columbia. The Treaty Creek Project lies north along the geological trend of the KSM property of Seabridge Gold, home to one of the world’s largest reserves of copper and gold and the Brucejack-Snowfield property of Pretium Resources, host to Canada’s newest gold mine, the Valley of the Kings.
Walter Storm, President and CEO, stated: “The highly anticipated 2018 drilling season at Treaty Creek is now under way. In the coming months we expect to release assay results from new holes and hope that these will be even better than last year’s excellent intersections.” Drilling at the Treaty Creek project by TUDOR GOLD in 2017 produced a number of intercepts containing long intervals of gold mineralization in the Copper Belle zone. Additional high gold grades were also encountered in drilling on secondary targets, at the GR2 and HC zones. TUDOR GOLD plans to immediately follow up the promising 2017 results by concentrating on the northwest end of the Copper Belle zone, stepping out from the currently defined mineralized area. Previous intercepts at Copper Belle were located at the edge of a strong magnetic high with a coincident MT anomaly. Hole CB-16-03 is located in this anomaly and this season’s drilling will target the core of this magnetic/MT anomaly. Drilling is also planned on two large magnetotelluric anomalies outlined by Simcoe Geoscience, the Company’s geophysical consultant. Simcoe Geoscience has previously provided the magnetotelluric surveys and interpretive guidance for Seabridge Gold and Pretium Resources in targeting what have developed into world-class discoveries on these neighbouring properties. More Core Diamond Drilling Services of Stewart B.C. (owner Sean Pownall) will carry out all the diamond drilling and will manage the camp activities in 2018. More Core has extensive experience drilling on the Treaty Creek claims having conducted successful programs previously for both TUDOR GOLD and prior rights holders. Also, once again, Tudor has selected Yellowhead Helicopters Ltd. (YHL) to provide service. YHL has provided safe and efficient service for the Treaty program for the past two years.
Qualified Person
James McCrea, P. Geo., Independent Resource Geologist, is the Qualified Person for this press release for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this press release.
Contact Information
Barry Holmes
Investor Relations
Phone:778-587-2074
Email:bholmesmba@gmail.com
Cathy Hume
CHF Capital Markets
Phone:416-868-1079 Ex 231
Email:cathy@chfir.com
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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.
