Step-out drilling further extends the Goldstorm system by another 150m to the northeast with hole gs-20-64 intersecting 1.482 gpt AuEq over 154.5 meters within 550.55 meters intercept averaging 0.983 gpt AuEq
VANCOUVER, BC, July 27, 2020 – TUDOR GOLD Corp. (TSXV: TUD) (Frankfurt: TUC) (the “Company” or ” TUDOR GOLD”) is pleased to announce that it has completed the second set of diamond drill holes at their flagship property, Treaty Creek located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling is progressing very well on the Goldstorm Zone which is on-trend from Seabridges’ KSM Project located five kilometers southwest of our Goldstorm System. As well, three more drills have been mobilized to the project.
This brings the total to five diamond drill rigs working at Treaty Creek. A sixth diamond drill is expected to arrive shortly at Treaty Creek. Tudor Gold intends to double the diamond drill hole program from the original plan of 20,000 meters to at least 40,000 meters of drilling for 2020. Tudor Gold is fully funded to complete this aggressive drill hole program. The preliminary drilling this season has yet to delineate the limits of the Goldstorm system as it remains open in all directions and to depth. It will require all six drills to complete the drilling required for the completing the exploration program for the Goldstorm Au-Cu-Ag System.
TUDOR GOLD’s Vice President of Project Development, Ken Konkin, P.Geo., states: “For the second time this month, we are very pleased to have bettered the results obtained earlier from GS-20-57 which has an enriched interval that averages 1.40 gpt AuEq over 217.5 meters (544.5 to 762.0 meters) within an overall composite average of 0.845 gpt AuEq over 973.05 meters (34.50 to 1077.55 meters). Hole GS-20-65 was designed as a 100-meter undercut to drill hole GS-20-57. The result was a remarkable 348 meters intercept of 2.120 gpt AuEq within a larger 930 meter intercept of 1.161 gpt AuEq in drill hole GS-20-65. More drilling will be required in this central region in order to better define these higher-grade metal plumes that we believe occur throughout the Goldstorm System. There were three results over 15.0 gpt Au that occurred within GS-20-65. These include: 19.7 gpt Au over 1.5 meters (145.5 to 147.0 meters), 22.5 gpt Au over 1.5 meters (310.5 to 312.0 meters) and 34.2 gpt Au over 1.0 meters (921.0 to 922.0 meters). The focus for the rest of this summer will be to complete the exploration drilling to the limits of the known mineralization along the north-eastern axis. We have begun drilling on Pad 8 which is a 150 meter north-easterly step out from hole GS-20-47, which was the best intercept generated in 2019 where we obtained an intercept of 0.697 gpt AuEq over 1081.5 meters. That hole stopped in mineralization as it was the limit of the drill’s capacity. This year all six drills have modified heads to complete drill holes in excess of 1,800 meter depths. However, we anticipate that our longest holes for 2020 will be approximately 1,400 meters long.”
Konkin adds “One of the most impressive aspects of the Goldstorm System is the consistent strength of the mineralization. Drill hole GS-20-64 was a steep-angled 150m step-out hole drilled to the northeast beyond the trace of the DS-5 intercept. This exploration hole targeted the extension of a very robust stockwork system that was intersected at the bottom of drill hole GS-19-47, 0.996 gpt AuEq over 243 meters (933.5 to 1176.5 meters). The intercept ended in mineralization at 1199m. The same DS-5 zone was intersected in GS-20-64 that doubled the intercept length from 243 meters to
over 550 meters averaging 0.983 gpt AuEq (648.4 to 1198.95 meters) which is extremely consistent with the results obtained in GS-19-47. An enriched, upper portion of the stockwork system yielded 1.482 gpt AuEq over 154.5 meters (771.5 to 926.0 meters). We are currently re-drilling drill hole GS-19-47 as the system may be much larger than originally thought given the results obtained from the 150m northeast step out hole GS-20-64. The target is to drill through the entire stockwork profile that was discovered in 2019.”
The two tables below provide the complete list of drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth. The Section 110+00 NE is included at the bottom of the news release and on the Company’s website show the new drill holes plotted on their respective sections.
Gold equivalent composite values from for Section 110+00 NE & 115+50 NE of the Goldstorm Zone.
Zone Section Horizon Hole ID From (m) To (m) Interval (m) Au Ag Cu AuEQ
Goldstorm 110+00 NE 300+CS600 GS-20-63 33.00 715.50 682.50 0.542 1.18 206 0.587
Goldstorm 110+00 NE 300 GS-20-63 including 33.00 223.50 190.50 0.913 1.41 89 0.943
Goldstorm 110+00 NE 300 GS-20-65 34.50 964.50 930.00 1.067 2.80 409 1.161
Goldstorm 110+00 NE 300 GS-20-65 including 46.50 394.50 348.00 2.042 4.13 192 2.120
Goldstorm 115+50 NE DS-5 GS-20-64 648.40 1198.95 550.55 0.900 5.40 122 0.983
Goldstorm 115+50 NE DS-5 GS-20-64 including 771.50 926 154.50 1.389 6.21 122 1.482
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.
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