26. November 2018
TUDOR GOLD Step-Out Hole Hits Large, Continuous Gold-Bearing System At Treaty Creek Property (0.981 g/t Gold over 563.8 meters in CB-18-39)
Hole CB-18-39 is one of the three holes reported here that were part of the nine-hole 2018 drill program on the Copper Belle zone of the Company’s Treaty Creek property, in the “Golden Triangle” area of north-western BC (see map below). Results of core sampling have now been received for all of the nine holes completed. The first six holes were reported in the August 24 and October 30 news releases.
Walter Storm, President and CEO, stated: “This very positive intersection in the final hole of the year at Treaty Creek exhibits particularly strong gold values for a porphyry-style deposit. It is certainly the best result to date at Copper Belle – in terms of grade x length – being some 50% longer than the previous longest intersection. We drilled 9 deep holes in 2018, testing a large area with a wide-spaced drill pattern, a program which has expanded the Copper Belle zone to the north and northwest; discovering broad intercepts of gold mineralization adjacent to similar wide intercepts reported in 2017. The target next year will be more drilling north and northeast of Hole CB-18-39, expanding on the significant grade and scale of the gold mineralization encountered.”
CB-18-39 intersected mineralization from a depth of 141.5 m to the end of the hole at 705.3 m, averaging 0.981 g/t Au over 563.8 m. The hole also contained higher grade sections, such as 1.719 g/t Au, with 10.4 g/t Ag, over 55.5 m and, significantly, the hole ended in mineralization, grading 0.673 g/t Au over 38.8 m, indicating potential for continuing mineralization at depth.
CB-18-39 was drilled northwesterly at an angle of -72 degrees. The host volcaniclastic rocks are typically chlorite, sericite and locally potassically altered, however the more strongly mineralized intervals exhibit increased pyrite and stronger silicification than surrounding rocks. This hole also displayed more chalcopyrite than was observed in previous holes. This may indicate that copper grades could be increasing to the north. Silver values were also higher on average in hole CB-18-39, with sections such as 10.4 g/t Ag over 55.5 m from 569.0 m to 624.5 m.
Hole CB-18-39 is the northernmost hole drilled to date and has extended the length of the Copper Belle Zone approximately 90 m northeast from CB-18-37B, to a total known length of 1200 m. Hole CB-18-38; a fill-in hole in the east part of the drill grid, returned wide intercepts of gold mineralization similar to nearby previously drilled holes. Hole CB-18-36 was drilled at the west edge of the drill grid and gold-bearing intervals in this hole indicate that the zone continues at depth in that direction. Gold, silver and copper results for holes CB-18-38 and CB-18-36 are summarized in the table below.
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