Tudor Gold Initiates 2019 Drill Program
Vancouver, British Columbia (Newsfile Corp. - June 11, 2019) - Tudor Gold Corp. (TSXV: TUD) (OTC: TDRRF) (FSE: TUC) (the "Company" or "Tudor Gold") is pleased to announce that it has begun a two-phase drill hole program at their flagship property, Treaty Creek located in the Golden Triangle of Northwestern British Columbia. Diamond drilling is starting on the Goldstorm Zone which is on-trend from Seabridges' Iron Cap Zone located five kilometers to the southwest of our Goldstorm-Copper Belle system.
The gold mineralization remains open in all other directions and it is open to depth as well. The focus of the program is to expand the gold mineralization to the southeast in the direction of the footwall zone and to attempt large step-outs to the northeast along the strike of the gold mineralized trend.
Tudor Gold Corp's Exploration Manager Ken Konkin, P.Geo. states: "Our crews have worked very hard in order to get the camp operational and to build the required drill platforms to begin the drill program. The goal is to drill along wide-spaced sections in-order to rapidly advance the drill program. The Goldstorm target appears to be a large body of gold mineralization that has been traced for approximately 500 meters along strike and appears to be approximately 300 meters in width. We have yet to encounter the footwall contact zone and the last hole drilled in 2018 was on a 100 meter step-out along strike to the northeast. This drill hole CB18-39 yielded one of the best results of the project to-date ( 0.981 grams per tonne gold over 563.8m ). The richer gold-bearing horizons occur near surface within the uppermost parts of the Goldstorm body; however, the system shows great vertical continuity and extends for approximately 700 meters. Drill hole CB18-39 ended in mineralization, therefore, the true depth of the system is unknown. In addition to the diamond drill hole program, a geophysical team will assess the structural aspects. Crews will utilize a deep ground penetrating radar instrument in order to scan through the glacier and lateral moraine piles. This may give us clues as to the nature of the footwall contact zone and continuity of other regional structures that occur beneath the covered areas of the immediate Goldstorm area."
The first phase of drilling will include 3,600 meters of drilling with five planned drill holes.
Walter Storm, President and CEO stated: "We are confident that Ken Konkin with his geological experience has defined and prioritized the right drill targets for our phase l drilling and we can plan a phase II drilling later this season based upon results obtained from the first round of drilling."
The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Company's Exploration Manager, 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 is a precious and base metals explorer with properties in British Columbia's Golden Triangle, an area that hosts 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. The Company also has a 60% interest in the Electrum project, earn in options and 100% interests in other prospective projects located in the Golden Triangle area.
Walter StormPresident and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
Catalin Kilofliski Director Corporate Development and CommunicationsTel. 604-559-8092Email: email@example.com
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
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. 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. 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.
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11.06.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: Tudor Gold Corp.
Canada ISIN: CA89901P1071 EQS News ID: 822515 End of News DGAP News Service