Tudor Gold Corp.
TSX VENTURE : TUD

August 02, 2016 18:45 ET

Tudor Gold Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 2, 2016) - Tudor Gold Corp. (the "Company" or "Tudor Gold") (TSX VENTURE:TUD) wishes to announce the following exploration update regarding its properties in the Golden Triangle area of the Skeena Mining Division near Stewart, British Columbia.

A Magnetotelluric ("MT") Geophysical Survey managed by Simcoe Geoscience is underway on the Company's Treaty Creek property. The MT survey has been designed to cover favorable areas identified by previous drilling and geophysical programs. The survey should provide a reliable subsurface resistivity image and has been undertaken due to the successful application of the technology in the area. The first priority is to extend the known results of a previous MT survey collected in 2010 which indicates an anomalous zone on the western edge of the property bordering on the Seabridge discovery property. Past data from all partners and the current MT data being collected will be incorporated into a complete database for Tudor Gold. Tudor Gold will be analyzing and utilizing this data to progress the 2016 and 2017 drill programs. The Company will be commencing a drilling program on the Treaty Creek property within the next few days.

The Company has now completed approximately 1500 meters of drilling on the Electrum property and is awaiting assay results. A trenching and sampling program is about to commence on the Electrum property.

The Company announces sampling programs on the Orion property and the Eskay North properties are scheduled to begin during the first week in August. A bulk sample on the Doc property (Mackie project) is also planned the first part of August 2016.

About the Company

Tudor Gold is focused on being 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. There are no known resources or reserves on any of the Company's mineral properties, and the presence of mineral deposits on properties adjacent to or in close proximity to the Company's mineral properties is not necessarily indicative of mineralization on the Company's properties.

Walter Storm, President and Chief Executive Officer

Cautionary statements

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 Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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.

Contact Information

  • Aris Morfopoulos
    Chief Financial Officer and
    Corporate Secretary
    604-721-2650