Tudor Gold Starts Drilling at Treaty Creek
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2018) - Tudor Gold Corp. (TSXV: TUD) (FSE: 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.
About Tudor Gold
Tudor Gold is a significant explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large deposits that are approaching potential development. The Company has a 60% interest in both the Electrum and Treaty Creek properties, and a 100% interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of which are located in the Golden Triangle area.
"Walter Storm"
Walter Storm
President and Chief Executive Officer
For further information, please visit the Company's website at www.tudor-gold.com or contact:
Tudor Investor Relations:
Barry Holmes
Tel: 778-587-2074
Email: bholmesmba@gmail.com
CHF Capital Markets:
Cathy Hume
Tel: 416-868-1079 Ex 231
Email: cathy@chfir.com
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 other than statements of historical fact included in this release, including, without limitation, statements regarding analysis and re-interpretation of data, and potential mineralization and geological merits of the Treaty Creek Project and other 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. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or 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 actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.
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.