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     673  0 Kommentare Tudor Gold Corp. Announces Three New Property Acquisitions in the Golden Triangle Area British Columbia - Seite 2

    Delta Property

    The Corporation has been assigned, subject to Exchange approval, the right to acquire a 100% interest in the property by paying Tudor Holdings Ltd. the sum of $105,951, which represents Tudor Holdings Ltd.'s costs paid to date in respect of the property. Additional option payments totaling $900,000 over a four year period are required to be assumed and paid by the Corporation to acquire a 100% interest in the property. Claims comprising the property are subject to NSR royalties of 2 1/2% to 3%.

    The Delta property adjoins the Fairweather property to the north. Since 1985 approximately $1.5 million in exploration has occurred on the Delta property including small drill programs in 2012 and 2013. In the western portion of the property, a 2012 drill hole believed to have intersected the downward projection of the Feld zone returned a 5.8 meter down hole interval grading 3.0 grams gold per tonne from 210.9 to 216.7 meters. Two other holes were drilled at steeper angles failed to hit any significant mineralization but both holes appear to have been stopped short before encountering the Feld zone.

    The central portion of the Delta property hosts an area where gold and silver anomalous heavy metal stream sediment samples ranging from 1,255 to 6,500 parts per billion ("ppb") gold and from 20.0 to 141 parts per million ("ppm") silver were collected from five streams in 1986.

    High North Property

    The Corporation has been assigned, subject to Exchange approval, the right to acquire a 100% interest in the property by paying Tudor Holdings Ltd. the sum of $102,468, which represents Tudor Holdings Ltd.'s costs paid to date in respect of the property. Additional option payments totaling $900,000 over a four year period are required to be assumed and paid by the Corporation to acquire a 100% interest in the property. The property is subject to a 2 1/2% NSR royalty.

    The High North property is located immediately south of Seabridge Gold's KSM property and is considered prospective for similar style copper-gold porphyry mineralization. A prominent thrust fault, the Sulphurets Fault, traverses the length of the KSM property and continues southward for another 5 kilometers onto the High North property. This fault is spatially related to all of the copper-gold deposits at KSM. The northern area of the High North property heading onto the KSM property is quite rugged, at high altitude and a large portion is covered by ice.

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    Verfasst von Marketwired
    Tudor Gold Corp. Announces Three New Property Acquisitions in the Golden Triangle Area British Columbia - Seite 2 VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 24, 2016) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Tudor Gold Corp. (the "Corporation") (TSX VENTURE:TUD) is pleased to announce it …