August 24, 2018
Vancouver, B.C.

TUDOR GOLD's Copper Belle Zone Expanded by First Two Drill Holes of 2018 at the Treaty Creek Project

TUDOR GOLD Corp. (TSXV: TUD) (FSE: TUC) (the “Company” or “TUDOR GOLD”) is pleased to report initial results from its 2018 drill program on the Copper Belle zone of the Company’s Treaty Creek property in B.C.’s Golden Triangle of north-western B.C. Gold, silver and copper analyses have been received from the first two holes. To date, five holes have been completed, totalling 3,899 meters and the sixth and seventh holes are proceeding.
The gold assays from the first two drill holes indicate broad intervals of more than 300 meters of gold mineralization that have expanded the known area of the Copper Belle zone, providing positive results that will be used in future resource calculations. Significantly, the first sighting of coarse, visible gold has been made, within an interval that assayed 26.6 g/t gold over 1.5 meters in hole CB-18-32.

Figure 1: Copper Belle visible gold in CB-18-32

Walter Storm, President and CEO, stated: “We are extremely encouraged by the broad intervals of gold mineralization encountered in the first two drill holes of the season at Copper Belle. The large step-outs with the drills will quickly evaluate a significant area of the porphyry system and we are prepared to drill deeper holes to explore the indications of continuing gold mineralization at depth. In addition, there is a three-kilometre interval between TUDOR GOLD’s Copper Belle discovery and Seabridge Gold’s Iron Cap deposit, in which our magnetotelluric geophysical survey has identified strongly anomalous targets that have yet to be drill tested.”

 

CB-18-31, the first hole of the season, is a step-out hole that has expanded the known extent of the Copper Belle zone some 100m to the west of previous drilling. CB-18-32, which is located 190m south of hole 31, has also extended the zone more than 100m to the west. Current drilling continues to step out successfully to the west in large jumps of 100 to 150 meters, providing information about a sizeable portion of the porphyry-style mineralized system. The Copper Belle zone appears to be a relatively flat-lying body that is located along trend, to the northeast of the Iron Cap Au-Cu deposit on the adjacent property of Seabridge Gold Corp. Holes at Copper Belle in 2018 are testing a magnetic high that measures some 600 meters by 500 meters and has previously only been drilled along its eastern and southern margins. For locations of the 2018 and other holes in the Copper Belle area that are overlain on Total Magnetics contours, please view the map below.

 

CB-18-31 intersected a 302 meter-long mineralized interval from 392.0 to 694.0 meters that averages 0.471 g/t gold. Within this section are zones of more intense silica alteration that contain greater concentrations of pyritic mineralization, which have returned higher gold values, such as 1.908 g/t Au over 20.5 meters.

 

CB-18-32 intersected two broad zones of mineralization; the upper zone averages 0.662 g/t gold over 337.8 meters and also contains intervals of stronger alteration and mineralization, such as 1.036 g/t gold over 121.8 meters and 0.800 g/t gold over 49.5 meters. The lower zone, 90 meters downhole from the first, averages 0.395 g/t gold over 169.5 meters, with higher grade intervals such as 0.758 g/t gold over 31.5 meters. Strong mineralization is present at the end of hole 32, indicating very good potential for continuing gold values at depth.

Gold, silver and copper results for holes CB-18-31 and CB-18-32

Hole IDFrom (m)To (m)Interval (m)Au (g/t)Ag (g/t)Cu (%)Comments
CB-18-31392.0694.0302.00.4711.510-
includes392.0428.036.00.6813.816-
and479.5500.020.51.9083.510-
and528.9599.570.60.6601.916-
and634.0640.06.02.1122.03-
and662.6680.517.90.6202.419-
EOH748.0
CB-18-32194.7532.5337.80.6621.916
includes194.7316.5121.81.036106.0-with 37.0 m at 2.200 g/t Au
and368.8389.520.70.7515.119
and413.7426.512.80.6628.2128
and451.5460.59.00.8491.319
and483.0532.549.50.8002.72with 18.0 m at 1.477 g/t Au
623.0792.5169.50.3951.525
includes636.5651.515.00.4391.93
and689.0697.08.00.8675.73
and708.8741.532.70.5301.444
and752.0783.531.50.7582.049with 6.0 m at 1.282 g/t Au
EOH794.0

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

* True widths of the mineralization have not been determined.

Earlier in the season, field crews examined and channel sampled a new zone of porphyry-style veining that has recently been exposed by retreating glacial ice. This area is about 1.1 kilometres southwest of the Copper Belle zone, toward the Iron Cap deposit, and has not been previously sampled. Of the twelve samples, several were anomalous in gold, with values such as 0.522 g/t gold over 1.5 meters. Additional sampling in this new zone is planned.

Figure 2: Copper Belle Drill Hole Locations on Total Magnetic Intensity (“Warmer” Colours Indicate Higher Magnetic Intensity)

Drill core samples were prepared at ALS Global’s Preparation Laboratory in Terrace, B.C., and assayed at ALS Global’s Geochemical Laboratory in North Vancouver, B.C. 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. ALS Global Laboratories quality system complies with the requirements for the International Standards ISO 17025: 2005.

QP

The Qualified Person for the Treaty Creek results 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 for the disclosure contained in this news release.

About TUDOR GOLD

TUDOR GOLD Corp. 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. In March 2021, Tudor published their INITIAL MINERAL RESOURCE ESTIMATE with 19.4 million ounces AuEq of 0.74 g/t AuEq (measured and indicated) and 7.9 million ounces AuEq of 0.79 g/t AuEq (inferred). 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.

Contact Information

Cathy Hume

CHF Capital Markets

Phone:416-868-1079 Ex 231

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.

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