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Exploration Highlights

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Significant drill results as high as 440 grams of gold per tonne and 400 grams of silver per tonne over 0.52 meters, as well as additional elevated silver values of 420 grams of silver per tonne over 0.91 metres and 384 grams of silver per tonne over 0.70 metres. Several other intervals ranged from 100 to 200 grams of silver per tonne. Some broader intervals include 1.06 g/t gold over 50 metres and 3.01 g/t with 2.05 g/t silver over 2.6 metres.

Chip sampling includes 1,926 g/t gold and 37,955 silver, 395 g/t gold and 46,601 silver, 383 g/t gold and 56,618 g/t silver, 396 g/t gold and 34,696 g/t silver, 360 g/t gold and 38,325 54.77 g/t gold and 14,903 g/t silver, 615 g/t gold with 616 g/t silver, 78.7 g/t gold with 114 g/t silver, 131 g/t gold with 2,862 g/t silver, 255.4 g/t gold with 299 g/t silver, 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 28.61 g/t gold with 1,272 g/t silver, 20.98 g/t gold with 1,944 g/t silver, and 19.91 g/t gold with 3,923 g/t silver.

These results match with similar grades found in drill core such as EL06-18, that intersected 440.78g/t Au over 0.52 meters, or high silver values such as; EL07-09 (583 g/t Ag and 2.44 g/t Au over 0.30 meters); EL07-12 (420g/t Ag and 4.88g/t Au over 0.91 meters); EL07-18 (374g/t Ag and 7.00g/t Au over 0.65 meters) and EL07-09 (384 g/t Ag and 2.49 g/t Au over 0.70 meters) amongst others.

Targeting High-Grade Gold

In 2015 American Creek's focus turned to high grade found on the property.  Now Tudor is evaluating the potential for outlining a high-grade zone of mineralization similar to the Premier and Brucejack projects. The Electrum property has potential for high-grade gold-silver mineralization in epithermal breccia-vein systems that consistently follow a 120-130 strike direction.

These types of results have been confirmed in drilling where epithermal breccia veins were intercepted like the drill intercept og 440.78g/t Au over 0.52 meters (EL06-18), or high silver values such as 583 g/t Ag and 2.44 g/t Au over 0.30 meters;(EL07-09); EL07-12 (420g/t Ag and 4.88g/t Au over 0.91 meters); EL07-18 (374g/t Ag and 7.00g/t Au over 0.65 meters) and EL07-09 (384 g/t Ag and 2.49 g/t Au over 0.70 meters).

2015 surface results

A compilation of the geological data identified a series of high grade surface showings:

24 samples taken from the Shiny Cliff averaged 248 g/t gold with 27,092 g/t silver.

Samples collected from a boulder 20m down slope from the Shiny Cliff averaged 10 g/t gold with 857 g/t silver.

11 samples were collected along a quartz vein at the Rico showing averaged 54 g/t gold with 11,512 g/t silver.

13 samples collected from the Mine Hill Showing, which is roughly halfway between the historic East Gold mine and Shiny Cliff Showing, averaged 6 g/t gold with 522 g/t silver.

2015 drill results

Hole #

Total Depth (meters)

From (meters)

To (meters)

Interval (meters)

Au g/t

Ag g/t

Target

EL15-02

 

9.0

10.0

 1

1.04

78.0

Shiny Cliff

EL15-03

 

16.5

17.5

1

6.09

242.0

Shiny Cliff

EL15-04

 

32.0

33.0

1

6.76

38.0

Shiny Cliff

EL15-05

 

28.0

29.0

1

1.31

189.0

Shiny Cliff

 

 

35.0

36.0

1

6.93

62.0

 

EL15-07

 

13.0

14.0

1

14.65

22.0

Mine Hill

 

 

14.0

15.0

1

6.59

461.0

 

 

 

25.0

36.0

1

3.47

58

 

EL15-08

 

1.0

2.0

1

1.05

89.0

Shiny Cliff


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2016 Exploration Program

The exploration program achieved the following three goals set for the 2016 field season:

  1. Diamond drilling aimed at furthering the exploration work previously carried out by American Creek,
  2. Trench sampling of a newly discovered mineralized surface exposure in what is now referred to as the “New Blast Zone” *Note 1
  3. Collection and analysis of a 4 tonne bulk sample from the New Blast Zone. *Note 2

In addition to the work aimed at achieving these goals, work carried out during the 2016 field season included the construction of temporary (removable) bridges and the stabilization and improvement of road access to ensure safe and efficient access to the property.

*Note 1

Twelve representative specimens were collected across a central vein system on the New Blast Zone. The trench is approximately 2m deep, 5 m wide and currently exposed for 15 meters along strike. The vein system is open in both directions and at depth. The central axis of the vein system is infilled with a fine-grained blackish, blue-grey mineralization. The northern contact of which is a 0.5m wide sharp edged quartz fragments in a foliated sulphide-quartz-carbonate matrix. The sulphides are pyrite, pyrrhotite, with thin galena/silver seams. The twelve representative specimens collected from the structure averages 3,461.92 grams (111.30 oz) silver per tonne and 2.24 grams gold per tonne. An 8 cm wide silver sulphide core seam returned 30,200 grams (1,065.3 oz) silver per tonne.

*Note 2

Following the success of the trench sampling program, a 4 tonne bulk sample was collected from the New Blast Zone. The sample was collected utilizing localized blasting resulting in an exposed face of approximately 120 square meters, and a total rubble pile of approximately 600 cubic meters, from which was selected approximately 4 tonnes of representative material.

The collected bulk material was then crushed to a size of “3 inch minus” using a crusher at a quarry in Mission, British Columbia. The crushed material was then provided to ALS Global’s metallurgical laboratory (‘ALS’) in Kamloops, BC for metallurgical processing and testing. The processing included the use of rod and ball mill grinding followed by both floatation and gravity separation.  The resultant material was then analyzed in four separate test runs over four consecutive days. The overall results of the analysis are 2.82 g/t gold with 539 g/t Silver and 1.96% lead and 1.97% zinc and 13.8%sulphur.