Tudor drills 1.95 m of 10.97 ppm Au at Treaty Creek
2017-09-14 09:58 ET - News Release
Mr. Walter Storm reports
TUDOR GOLD REPORTS PRELIMINARY ASSAY RESULTS IN GOLDEN TRIANGLE, BC
The HC mineralized zone of the HC deposit within the GR2 claim block on Tudor Gold Corp.'s 60-per-cent-owned Treaty Creek project, located in the Golden Triangle in British Columbia, hosts a precious-metal-rich, polymetallic, volcanogenic massive sulphide and sulphosalt (VHMS) mineralized system.
Walter Storm, president and chief executive officer, stated: "We are very pleased with the results so far. We were attracted to the Treaty Creek project by the clear potential for extensive mineralized zones on our claims, and the results from the HC zone within the GR2 claim block have exceeded our expectations. We look forward to the completion of a resource estimate on the HC zone and a resource estimate on the Copper Belle project, which is also well under way."
The HC zone appears to be a complete precious-metal-rich VHMS deposit in which the feeder vein system, the vent structures and the sulphides in a restricted sedimentary basin had been intersected. All three zones of the HC deposit carry elevated values of gold. The feeder vein system also carries elevated silver and base metal (lead, zinc and copper) content.
The HC zone shows elevated concentrations of gold, silver and antimony sulphosalts hosted between a pervasively sericite-pyrite-chlorite altered volcaniclastic sequence (bimodal mafic-felsic affinity) and restricted sedimentary basins where mudstones host sulphide mineralization underlying stockwork base metal and precious metal veins. These characteristics are similar and unique to the nearby Eskay Creek deposit. The highest-grade and most continuous precious metal mineralization within the HC zone occurs as an apparent stratabound zone at the contact of the footwall mudstone and the hydrothermally altered volcaniclastic sequence. This is interpreted as being the product of a mineralizing growth-graben fault, proximal to felsic flows, ash tuffs and felsic conglomerates.
During the continuing 2017 season, Tudor Gold has drilled 13 holes in the vicinity of and to the north of the nine holes drilled in 2007 and 11 holes in 2009 by American Creek Resources. Together, these 33 holes have produced consistent geology demonstrating the continuity of the feeder vein system, the vent structure and the sedimentary basin within the area bounded by these holes (assays received up to HC-17-07; awaiting assays on all remaining 2017 holes).
The holes drilled by Tudor Gold and American Creek Resources cover approximately 400 metres along strike and 450 metres down dip at 50-metre space increments in the direction of the main mineralized structure. Historical surface sampling carried out by previous operators to both the north and south of the HC zone indicates that the main mineralized structure extends at least for 3,000 metres along strike. The entire 3,000-metre mineralized structure that hosts the HC zone remains open to the north, south beyond the existing drill holes and down dip.
Assay results
1. The feeder vein system
It comprises discordant veins hosted mainly in pervasively sericite-pyrite-chlorite altered volcaniclastic sequence. Two types of veins are recognized: silver-dominant, manganese-rich carbonates and sulphides (semi-massive yellow to light brown zoned sphalerite, galena, pyrite and minor chalcopyrite can add to over 50 per cent of the veins) and gold-dominant chalcedonic quartz veins. Textures include those more typical of the epithermal suite (banded, crustiform and breccia/vein).
ASSAY RESULTS FEEDER VEIN SYSTEM
Hole ID From To Interval Au Ag
(m) (m) (m) (ppm) (ppm)
HC-17-01 170.35 170.8 0.45 6.4 29.1
HC-17-02 256.65 257.45 0.8 4.53 55.1
And 258.3 259 0.7 6.16 59.4
HC-17-03 395.35 397.3 1.95 10.97 -
Including 395.35 395.9 0.55 14.30 -
And 395.9 396.8 0.9 3.48 16.9
And 396.8 397.3 0.5 20.80 548
And 435.3 435.8 0.5 33.80 -
HC-17-04 261.4 261.95 0.55 2.65 234
And 283.1 283.55 0.75 0.21 359
And 283.85 284.9 1.05 0.79 316
HC-17-05 203.05 203.95 0.9 11 13.8
HC-17-07 143.45 147.2 3.75 6.22 -
Including 143.45 144 0.55 5.13 30.6
And 145.9 147.2 1.3 13.3 87
True thickness of the different mineralized intervals
is still to be determined.
2. The vent structure
It comprises of silica flooded and altered mudstone and volcanic conglomerates, along with breccias and semi-massive sulphide replacements. Several stages of silica can be recognized cementing and replacing successive events of brecciation. Silica alteration occurs as silicification and chalcedonic silica, usually grey to bluish in colour, obliterating previous textures. Pyrite and antimony sulphosalts are the dominant sulphides as veinlets, stringers and semi-massive replacements. Stibnite, galena, sphalerite and arsenopyrite are also common in veinlets and disseminations.
ASSAY RESULTS VENT SYSTEM
Hole ID From To Interval Au
(m) (m) (m) (ppm)
HC-17-01 247.3 247.8 0.5 2.58
and 247.8 248.35 0.55 5.52
HC-17-04 345.4 345.85 0.45 2.03
and 345.85 346.3 0.45 11.1
HC-17-05 203.05 203.95 0.9 11
True thickness of the different mineralized
intervals is still to be determined.
3. The sulphides in sedimentary basins
Fine-grained pyrite and antimony sulphosalts have been identified as finely laminated sedimentary beds and patchy pyrite/quartz replacements within mudstones/siltstones in the proximity of the venting structures intersected in core, particularly around holes HC-17-01, HC-17-04, HC-17-05, HC-17-08, HC-17-10, HC-17-11 and HC-17-12 (as per visual inspection of the drill core). The mineralization appears to be hosted in the immediate contact of the underlying footwall mudstone unit and the upper altered volcaniclastic sequence.
ASSAY RESULTS SULPHIDES IN MUDSTONE HOST
Hole ID From To Interval Au
(m) (m) (m) (ppm)
HC-17-01 249.35 250.35 1 4.7
And 250.35 251.35 1 10.2
And 251.35 252.35 1 4.59
And 252.35 252.85 0.5 14.6
And 252.85 253.75 0.9 12.6
And 253.75 254.45 0.7 2.13
HC-17-04 346.6 346.95 0.35 5.17
And 346.95 347.35 0.4 8.91
And 347.35 348 0.65 4.42
And 348 348.6 0.6 16.5
And 348.6 349.3 0.7 14.4
And 349.3 350 0.7 5.41
HC-17-05 203.95 205.5 1.55 0.807
And 205.5 207 1.5 0.787
And 207 208.55 1.55 1.98
True thickness of the different mineralized
intervals is still to be determined.
Quality control and data verification
Samples were assayed by Activation Labs in Kamloops, B.C. Analytical accuracy and precision are monitored by the submission of blanks, certified standard samples and duplicate samples inserted at regular intervals into the sample train by Tudor Gold staff. Activation Labs' quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025:1999.
Qualified person
This press release has been prepared and verified by Raul Sanabria, MSc, PGeo, EurGeol, exploration manager, qualified person for the 2017 Treaty Creek project field season and a qualified person for the purposes of National Instrument 43-101.
About Tudor Gold Corp.
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 GR2 claim group within the Treaty Creek project claims is approximately 12 kilometres southeast of the historical past-producing Eskay Creek mine. The company has a 60-per-cent interest in both the Electrum property and Treaty Creek project, as well as a 100-per-cent interest in the Mackie, Eskay North, Orion, Fairweather, Delta and High North properties, all of which are located in the Golden Triangle area.
We seek Safe Harbor.
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