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Tudor Gold Corp.
Summary
| Project: | Treaty Creek | |
|---|---|---|
| Deposit: | Treaty Creek | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 10/11/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 11-10-2016: Tudor Gold Corp. announces an Exploration/Drilling Update report for its Treaty Creek deposit at the Treaty Creek project. JV- Drilling results incl. 110m @ 0.909g/t Au from 316m. October 11, 2016 - Vancouver, British Columbia: Tudor Gold Corp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James Hutter (Internal) | |
| ABSTRACT: | October 11, 2016 - Vancouver, British Columbia: Tudor Gold Corp. (TSX.V: TUD) (Frankfurt: TUC) (the “Company” or “Tudor Gold”) is pleased to announce that a new zone of gold-bearing mineralization has been discovered on Tudor’s 60% owned Treaty Creek property, situated north of the KSM property of Seabridge Gold and the Brucejack property of Pretium Resources in the Golden Triangle region of northwestern British Columbia. Teuton Resources Corp. and American Creek Resources Ltd. each hold a 20% carried interest in the property (carried until a production decision is made) as well as NSR interests. Tudor Gold is the operator. The new zone was intersected in the third hole of the 2016 drilling program (drill hole CB-16-03) and is located approximately 870 m northeast of the Copper Belle zone (drilled in 2007 and 2009). Impetus for drilling the hole was a magnetotelluric survey (MT survey) which was run earlier in the 2016 field season. See attached map showing CB-16-03 and the 2009 discovery hole (CB-09-14). The first 316 m of CB-16-03 is still in the assay laboratory (results for this interval are expected within the next weeks). Assays from 316 m to the end of the hole at 717.7 m are in hand. From 316 m to 426 m, a 110 m interval averages 0.909 g/t gold. Below 426 m gold values drop off with some higher-grade exceptions, the two most prominent of which are 456 m to 484 m, a 28 m interval running 0.665 g/t gold and from 598 to 610 m, a 12 m interval running 1.258 g/t gold. This hole was drilled at an azimuth of 292° and an inclination of -73°. Ray Marks, vice-president of Tudor Gold stated, “We are very pleased to see that the information learned from the recent MT survey proved valuable in correctly delineating the drill target that was intercepted by drill hole CB-16-03.” | |
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