Tudor Gold spots new target at Treaty Creek
2018-03-01 10:25 ET - News Release
Mr. Walter Storm reports
TUDOR GOLD TARGETS SULPHURETS THRUST FAULT CONVERGENCE AREA NEXT TO IRON CAP DEPOSIT
Tudor Gold Corp. has identified a new high-priority exploration target for 2018 on the Treaty Creek property. Recent news from Seabridge Gold on the improving gold grades and growing size of its Iron Cap Deep discovery, combined with data from Tudor's electromagnetic, magnetic and magentotellurics geophysical surveys, has prompted scheduling the Sulphurets thrust fault convergence area as a priority exploration target for 2018.
Proposed exploration plans for 2018
Copper Belle zone
The Copper Belle zone will remain a top priority as we continue step-out drilling to the NE where gold grades over long intercepts have been improving. This drilling will provide the geo-data required to build out our preliminary resource estimate.
GR2 (including HC & RR), Orpiment, Konkin and AW Zones
Field geologists will continue surface exploration on these secondary targets with mapping, sampling and geochem analysis of the Konkin zone with 1.2m of 870 g/t gold, and the AW zone where float specimens ran up to 255 g/t gold. The Konkin and AW zones are located between the Copper Belle, Iron Cap and Sulphurets Dome. Detailed plans will be announced once finalized.
Sulphurets Thrust Fault Convergence Area
A prominent EM anomaly is located on the northeast side of the Sulphurets Dome between the Brucejack, Sulphurets and Iron Cap thrust faults. The 23 km Sulphurets Fault hosts the Kerr, Deep Kerr, Sulphurets, Mitchell, Snowfields, Iron Cap and Iron Cap Deep deposits. The Brucejack Fault hosts Pretium's Valley of the Kings Mine and converges with the Sulphurets Thrust Fault inside the Treaty Creek Property.
Below, is a B.C. government map with 'fault overlay' that clearly shows the numerous faults in the Sulphurets Convergence Area. This is part of the Sulphurets Hydrothermal System which is considered to be one of the seven largest in the world, hosting one of the greatest concentrations of metal value on the planet: including the largest undeveloped gold/copper deposits (Seabridge's KSM/Iron Cap) in the world by reserves containing 38.8 million ounces gold and 10.2 billion lbs copper. The northern half of this Sulphurets Hydrothermal System is inside the Treaty Creek Property. The geology, geophysics, fault systems and Jurassic/Triassic contact support the potential for additional discoveries within this hydrothermal system as stated in independent reports by respected geologists: Alldrick, 1988; Sillitoe, 2010; Savell, 2012; Kruchkowski, 2014; Alldrick, 2014; Nelson/Kyba, 2014.
Measured as a linear surface track, 52% of the thrust faults comprising the Sulphurets Hydrothermal System are within the Treaty Creek boundary as shown by the converging fault systems in the map below. The Sulphurets Thrust Fault in this area also divides the Triassic Stuhini rock group from the Jurassic Hazelton rock group (southeast side of the fault). This Triassic/Jurassic contact is also known as the Kyba Red Line, based on the seminal government research report co-authored by JoAnne Nelson and Jeff Kyba in 2014. BC Government Mineral Titles Map with Geological Fault OverlayTo view an enhanced version of this graphic, please visit:orders.newsfilecorp.com/files/4494/33209_image1.jpg
On the map below, in the lower left hand corner, you can see an anomaly that is cut-off at the limits of the EM survey adjacent to Seabridge's Iron Cap Deep high-grade gold deposit. A similar anomaly is located at the right-center of the map northeast side of the Sulphurets Dome.
The exploration concept Tudor is working on for the Sulphurets Dome area is based on the following observations: mineralization is associated with the Sulphurets Fault hanging wall deposit discovery potential will continue along Sulphurets Fault the Sulphurets Fault is coincident to the Kyba Red Line mineralization grade is improving as the Sulphurets Fault moves towards Treaty Creek: "Drilling at Iron Cap confirms major extension of deposit with some of the best grades to date at KSM" (Seabridge Gold news release November 9, 2017)EM Geophysical Survey of Sulphurets Thrust FaultsTo view an enhanced version of this graphic, please visit:orders.newsfilecorp.com/files/4494/33209_image2.jpg
Walter Storm, President and CEO, stated: "We congratulate Seabridge on their successful drill campaign at the Iron Cap Deep deposit. The Iron Cap drill results, the continuation of the Sulphurets Thrust Fault into Treaty Creek, our EM, Mag and MT geophysical surveys, our extensive geo-database, as well as our growing experience at Treaty Creek are the key components of modern exploration that produce new discoveries."
PDAC 2018
Tudor Gold Corp. will have booth # 3346 at PDAC 2018 and we invite you to come and meet our team: Ray Marks, Cathy Hume, Barry Holmes and Consulting Resource Geologist Jim McCrea.
Qualified Person
The Qualified Person for the analytical information in this new release is James A. McCrea, P.Geo. for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis of the disclosure contained in this news release.
About Tudor Gold Corp.
Tudor Gold is a precious and base metals explorer in British Columbia's Golden Triangle, an area which hosts multiple past-producing mines and several large world-class deposits that are approaching potential development. The company has a 60-per-cent interest in both the Electrum and Treaty Creek properties, and a 100-per-cent interest in the Mackie, Eskay North, Orion, Fairweather, Delta and the High North properties, all of which are located in the Golden Triangle area.
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