VANCOUVER, BC, May 9, 2022 – Tudor Gold Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold“) is pleased to announce the commencement of Phase l of the 2022 exploration program (the “Program”) at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. The fully funded Program consists of a 30,000 metre (m) diamond drilling campaign that has been developed to systematically test the extension of the Goldstorm Deposit well beyond the limits that were outlined in the 2021 Mineral Resource Estimate (Tudor Gold press release dated March 9, 2021 reported a Measured and Indicated Mineral Resource of 19.41 million ounces of AuEq grading 0.74 g/t AuEq and an Inferred Mineral Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq). In addition, exploration diamond drilling will focus on the Calm Before the Storm (CBS) and Eureka zones (EZ).
The 2021 exploration drilling campaign successfully infilled key areas of Tudor’s 2021 Mineral Resource with reported gold and copper grades that were exceptionally higher than grades reported in the 2021 Mineral Resource Estimate. Tudor’s 2022 exploration program will test the Goldstorm System for an additional 500 metres along the northeastern axis. (see Goldstorm Phase l Drill Program, plan map). The primary goal of the Program is to expand the size of the initial mineral resource and to define the limits of the mineralized domains.
Three drill rigs have commenced drilling the northern aspects of the Goldstorm Deposit as step-out exploration holes. Additionally, one rig has begun drilling at CBS as follow-up on last years’ newly discovered gold-silver system, located 2.5 kilometres northeast of the Goldstorm Deposit. Crews are currently mobilizing an additional four drill rigs to site to ‘fast-track’ the exploration and potential continued expansion of the Goldstorm Deposit.
Ken Konkin, President and CEO, comments “This year we have planned a very robust drilling campaign that will focus 80% of the exploration as continued step-out drilling from the latest impressive 2021 results obtained from holes GS-21-113, GS-21-113-W1, GS-21-113-W2 and GS-21-119 in the northern sector of the Goldstorm Deposit (Table 1). The remaining 20% of planned holes will include Goldstorm resource definition drilling as well as exploration drill holes for CBS and Eureka gold systems. Our exceptional start-up team as done a superb job safely dealing with challenging conditions to mobilize drills and supplies utilizing the Brucejack Lake road to access our winter-haul route. We wish to thank Newcrest Mining for their assistance in allowing us to share the Brucejack access road so we could complete the mobilization of our equipment in a timely and cost-efficient manner. Our Phase ll plans will be contingent to the success of the Phase l drilling; we plan to concentrate our drilling in the areas that contain the strongest mineralization throughout the 300H, CS-600 and DS-5 domains. We also plan to test the hypothesis that the Eureka Zone may be the continuation of the DS-5 domain. The Goldstorm Deposit continues to amaze our geological team as it remains open in all directions and to depth with some of the most impressive and strongest gold-copper mineralization obtained late last year within the northern areas of this deposit.”
TABLE 1: SUMMARY OF 2021 STEP-OUT DRILL HOLE RESULTS – GOLDSTORM NORTH
| Section | Hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu ppm | AuEQ (g/t) |
| 116+50 NE | GS-21-113 | 255.00 | 1227.00 | 972.00 | 0.91 | 3.66 | 2647 | 1.27 |
| 255.00 | 711.00 | 456.00 | 1.30 | 3.34 | 101 | 1.35 | ||
| 552.00 | 699.00 | 147.00 | 2.56 | 7.04 | 78 | 2.65 | ||
| 822.00 | 1227.00 | 405.00 | 0.65 | 4.64 | 6179 | 1.44 | ||
| 892.50 | 1165.50 | 273.00 | 0.77 | 5.50 | 8436 | 1.83 | ||
| 117+00 NE | GS-21-113-W1 | 255.00 | 714.00 | 459.00 | 1.26 | 2.82 | 103 | 1.30 |
| Includes (300H) | 555.00 | 714.00 | 159.00 | 2.28 | 5.14 | 94 | 2.35 | |
| With | 609.00 | 685.50 | 78.00 | 3.97 | 7.71 | 86 | 4.07 | |
| 117+00 NE | GS-21-113-W2 | 255.00 | 1575.00 | 1320.00 | 0.67 | 3.70 | 2159 | 0.97 |
| Includes (300H) | 255.00 | 352.00 | 97.00 | 1.25 | 2.17 | 78 | 1.29 | |
| With | 589.50 | 658.50 | 69.00 | 1.80 | 3.61 | 78 | 1.85 | |
| And Includes (CS600) | 1018.50 | 1575.00 | 556.50 | 0.73 | 6.27 | 4892 | 1.38 | |
| With | 1518.00 | 1575.00 | 57.00 | 1.29 | 17.64 | 7149 | 2.34 | |
| 116+50 NE | GS-21-119 | 726.00 | 1290.00 | 564.00 | 0.96 | 8.45 | 244 | 1.09 |
| 861.00 | 1057.50 | 196.50 | 1.62 | 10.31 | 153 | 1.76 | ||
| All assay values 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 $1625/oz, Ag: $19/oz, Cu: $2.8/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.01169) + (Cu% x 1.1815). All metals are reported in USD and calculations do not consider metal recoveries. 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. |
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company’s President and CEO, Ken Konkin, P.Geo. 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 exploration and development company with properties in British Columbia’s Golden Triangle (Canada), 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 Newcrest Mining Limited’s Brucejack property to the southeast. In April 2021 Tudor published their 43-101 technical report, “Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia Canada” dated March 1, 2021, on the Company’s Sedar profile. The Company also has a 100% interest in the Crown project and a 100% interest in the Eskay North project, all located in the Golden Triangle area.
ON BEHALF OF THE BOARD OF DIRECTORS OF
TUDOR GOLD CORP.
“Ken Konkin”
Ken Konkin
President and Chief Executive Officer
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
or
Carsten Ringler
Head of Investor Relations and Communications
Phone: +49 151 55362000
E-Mail: carsten.ringler@tudor-gold.com
