(TheNewswire)
August 30, 2021 – TheNewswire - Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV:TUO) (OTC:TEUTF) (Frankfurt:TFE) has received a report from its joint venturepartner Tudor Gold presenting the second set of results from the 2021resource expansion and definition drilling program for the GoldstormDeposit at the Treaty Creek property. The project is located in theheart of the Golden Triangle of northwestern British Columbia and ison-trend from Seabridge’s KSM Project located five kilometerssouthwest of the Goldstorm Deposit. Exploration at Treaty Creek isongoing at Goldstorm and Eureka zones with six diamond drills nowfully crewed. Results have recently been received from MSA Labs fornine diamond drill holes, which are presented below.
Treaty Creek, Drilling Highlights include:
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- An exceptional extension of the 300 Horizon and CS600to the northeast in hole GS-21-113 that contains 972.0 meters (m) of1.265 g/t AuEq including 456.0 m of 1.352 g/t AuEq in the 300 Horizonand 405.0 m of 1.439 g/t AuEq in CS-600.
- Strong, consistent mineralization in GS-21-112 whichfurther extends DS-5 to the northwest with 219.0 m of 1.287 g/t AuEqincluding 79.5 m of 2.079 g/t AuEq or 156.0 m of 1.557 g/tAuEq.
- Mineralization of the 300 Horizon in GS-21-111 totals613.5 m of 0.869 g/t AuEq, which included an enriched section of 120.0m averaging 1.974 g/t AuEq within 351.0 m of 1.253 g/t AuEq.
- Near-surface gold mineralization continues along theSW trend for over a kilometer at Perfect Storm as PS-21-06 encountered118.6 m of 0.721 g/t AuEq including 59.9 m of 0.927 g/t AuEq. Themineralized system appears to be gaining strength towards the Iron CapDeposit approximately three kilometers to the southwest.
- Strong copper mineralization was observed within theCS-600 domain in GS-21-113 with 405 m averaging 0.618% Cu (6179 ppmCu), with an enriched zone of 273 m averaging 0.845% Cu (8436 ppmCu).
- Goldstorm Deposit remains open in all directions andat depth as drilling continues.
Tudor Gold’s Vice President of Exploration andProject Development, Ken Konkin, P.Geo., stated :“We are extremely pleased with our continued success with ourstep-out drilling. Our goal is to find the limits to the GoldstormDeposit and to advance the resources from our Initial Mineral ResourceEstimate of 19.41 million gold equivalent (AuEq) ounces of Measuredand Indicated grading 0.74 g/t AuEq and 7.9 million AuEq ounces ofInferred grading 0.79 g/t AuEq. We continue to intercept exceptionalmineralization within the defined domains and consistently identifyextensions to these domains particularly to the northeast andnorthwest as well as at depth. Due to the recent success with theGoldstorm results, drilling at the Perfect Storm Zone has been delayedas all drills are now required at Goldstorm to attempt to complete theplanned drilling. As well, once we finish the current drill hole inprogress at Eureka, that rig will be moved to Goldstorm to continuethe step-out drilling to the northeast. We are very excited with theresults from PS-21-06 at the Perfect Storm Zone as we againencountered significant near-surface gold mineralization, with 118.6meters averaging 0.721 g/t AuEq, containing an uppermost portionaveraging 0.927 g/t AuEq over 59.9 meters. We will plan forcontinued drilling at Perfect Storm once wedelineate the northeastern limits to the Goldstorm Deposit. All threewide-spaced drill holes hit significant gold mineralization at PerfectStorm and have indicated gold mineralization along the SW axis formore than a kilometer. Only a very small portion of the Perfect Stormmagnetic anomaly has been tested.”
Walter Storm, President and CEO of TudorGold , said : “We are very excited to see the continuation of theseexceptional drill results from our resource definition and explorationdrilling program at Goldstorm. The northeastern step-out drilling ofthe 300 Horizon, CS-600 and DS-5 domains continues to demonstrate therobust nature of the Goldstorm Deposit. We continue to expand the sizeof the deposit with some of the best gold and copper results obtainedto-date on the project. We expect this to translate to an upgrade ofour mineral resource estimate. The results at Perfect Storm are veryencouraging as well, since all three, 300-meter step-out holes hit aportion of the mineralized system. The potential for discovery of yetanother large gold system at Perfect Storm remains great and ouraggressive 300-meter step-out drilling to the southwest will continueas soon as we can add to our drilling personnel.”
The complete list of composited drill hole results aswell as the drill hole data including hole location, elevation, depth,dip and azimuth are provided in Table 1 and Table 2, respectively.Please check the URLs provided at the end of this release for a PlanMap and Cross Sections for the drill holes reported.
Results Goldstorm Zone and Perfect Storm Zone PressRelease August 30 th ,2021
Section | Hole | Zone | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu ppm | AuEQ (g/t) |
A - 320 | GS-21-106* | 300H | 73.50 | 93.00 | 19.50 | 0.754 | 2.81 | 423 | 0.792 |
300H | 177.00 | 214.50 | 37.50 | 0.441 | 2.37 | 159 | 0.487 | ||
300H | 291.00 | 429.00 | 138.00 | 0.488 | 2.10 | 101 | 0.525 | ||
including | 300.00 | 343.50 | 43.50 | 0.551 | 3.14 | 211 | 0.613 | ||
AND | 390.00 | 427.50 | 37.50 | 0.639 | 3.11 | 47 | 0.681 | ||
A - 320 | GS-21-106-W1 | 300H | 0.00 | 354.00 | 354.00 | 0.717 | 2.06 | 169 | 0.761 |
including | 106.50 | 316.50 | 210.00 | 0.868 | 2.02 | 124 | 0.906 | ||
AND | 220.50 | 316.50 | 96.00 | 1.258 | 2.40 | 147 | 1.304 | ||
B - 320 | GS-21-111 | 300H | 193.50 | 807.00 | 613.50 | 0.802 | 2.75 | 299 | 0.869 |
including | 324.00 | 675.00 | 351.00 | 1.154 | 4.32 | 409 | 1.253 | ||
Section | Hole | Zone | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu ppm | |
AND | 325.50 | 445.50 | 120.00 | 1.831 | 4.50 | 772 | 1.974 | ||
CS600 | 1123.50 | 1210.50 | 87.00 | 0.609 | 2.32 | 2315 | 0.910 | ||
DS5 | 1317.00 | 1398.00 | 81.00 | 0.606 | 1.57 | 209 | 0.649 | ||
116+50 NE | GS-21-112 | DS5 | 858.00 | 1077.00 | 219.00 | 1.115 | 11.70 | 295 | 1.287 |
including | 891.00 | 1047.00 | 156.00 | 1.383 | 11.88 | 298 | 1.557 | ||
AND | 967.50 | 1047.00 | 79.50 | 1.831 | 16.57 | 439 | 2.076 | ||
116+50 NE | GS-21-113 | 300H + CS600 | 255.00 | 1227.00 | 972.00 | 0.91 | 3.66 | 2647 | 1.265 |
including | 255.00 | 711.00 | 456.00 | 1.301 | 3.34 | 101 | 1.352 | ||
AND | 552.00 | 699.00 | 147.00 | 2.555 | 7.04 | 78 | 2.646 | ||
including | 822.00 | 1227.00 | 405.00 | 0.654 | 4.64 | 6179 | 1.439 | ||
AND | 892.50 | 1165.50 | 273.00 | 0.771 | 5.50 | 8436 | 1.833 | ||
B - 320 | GS-21-115 | 300H | 114.50 | 254.00 | 139.50 | 0.557 | 1.85 | 98 | 0.590 |
including | 210.50 | 254.00 | 43.50 | 0.682 | 3.34 | 145 | 0.738 | ||
402.50 | 852.50 | 450.00 | 0.644 | 2.85 | 122 | 0.691 | |||
including | 402.50 | 512.00 | 109.50 | 1.078 | 3.41 | 220 | 1.144 | ||
AND | 612.50 | 659.00 | 46.50 | 0.98 | 1.54 | 114 | 1.012 | ||
AND | 819.50 | 852.50 | 33.00 | 1.007 | 2.44 | 89 | 1.046 | ||
83+00 NE | PS-21-04 | 174.00 | 193.50 | 19.50 | 0.532 | 1.06 | 124 | 0.559 | |
AND | 244.50 | 258.00 | 13.50 | 0.131 | 1.68 | 1291 | 0.303 | ||
AND | 340.50 | 356.75 | 16.25 | 0.322 | 1.21 | 128 | 0.351 | ||
80+00 NE | PS-21-05 | 105.00 | 142.50 | 37.50 | 0.291 | 0.879 | 59.66 | 0.308 | |
AND | 241.50 | 259.50 | 18.00 | 0.292 | 1.36 | 123 | 0.322 | ||
AND | 277.50 | 291.00 | 13.50 | 0.297 | 0.98 | 149 | 0.327 | ||
77+50 NE | PS-21-06 | 43.60 | 162.20 | 118.60 | 0.664 | 3.96 | 95 | 0.721 | |
including | 43.60 | 103.50 | 59.90 | 0.844 | 6.09 | 105 | 0.927 | ||
AND | 310.70 | 329.50 | 18.80 | 0.486 | 2.91 | 266 | 0.552 | ||
AND | 390.00 | 421.50 | 31.50 | 0.957 | 2.50 | 442 | 1.039 | ||
* Hole shut down due to deviation and wedged to reachtarget (GS-21-106-W1)
|
Table 2: Drill data for holes in Press Release August30 th , 2021
Section | Hole ID | UTM E NAD 83 | UTM N NAD 83 | Elevation (m) | Azi (?) | Dip (?) | Depth (m) |
A - 320 | GS-21-106 | 428354.6 | 6272668.5 | 1301.3 | 295 | -50 | 429 |
A - 320 | GS-21-106-W1 | 428193.4 | 6272743.6 | 1060.9 | 300 | -53 | 972 |
B - 320 | GS-21-111 | 428417.6 | 6272839.1 | 1323.4 | 300 | -70 | 1431 |
116+50 NE | GS-21-112 | 429083.6 | 6273171.3 | 1223.9 | 295 | -88 | 1107 |
115+50 NE | GS-21-113 | 428781.3 | 6273288.3 | 1344.9 | 295 | -65 | 1500.55 |
B - 320 | GS-21-115 | 428417.3 | 6272839.3 | 1323.4 | 300 | -60 | 895.7 |
83+00 NE | PS-21-04 | 427014.6 | 6270585.7 | 1530.8 | 295 | -88 | 531 |
80+00 NE | PS-21-05 | 426695.7 | 6270400.6 | 1562.0 | 295 | -88 | 525 |
77+50 NE | PS-21-06 | 426388.3 | 6270330.0 | 1609.8 | 295 | -88 |
D. Cremonese, President and CEO of Teuton Resources,commented as follows: “These outstanding results once againunderscore the great potential of the Treaty Creek property. Equallyimpressive (and brought home to me during my recent visit to theproperty) is the excellence of the geological staff at Treaty asheaded by Tudor’s Vice-President of Exploration Ken Konkin and hisright-hand man, Ryan Lick. It is a very well-run operation. Kudosalso to the management at Tudor Gold--Walter Storm, Herbert Zimmer andmany others.”
Qualified Person
The Qualified Person for this news release for thepurposes of National Instrument 43-101 is Tudor Gold’s VicePresident of Exploration and Project Development, Ken Konkin, P.Geo. Mr. Konkin is also a director of Teuton. He has read and approvedthe scientific and technical information that forms the basis for thedisclosure contained in this news release.
QA/QC
Drill core samples were prepared at MSA Labs’Preparation Laboratory in Terrace, BC and assayed at MSA Labs’Geochemical Laboratory in Langley, BC. Analytical accuracy andprecision are monitored by the submission of blanks, certifiedstandards and duplicate samples inserted at regular intervals into thesample stream by Tudor Gold personnel. MSA Laboratories quality systemcomplies with the requirements for the International Standards ISO17025 and ISO 9001. MSA Labs is independent of the Company.
Update re Teuton Resources’ 2021 ExplorationProgram
Drilling on the Midas property is now complete and thedrill has moved to the Konkin Silver property. It is currentlybeginning the third hole on the Konkin Silver, testing a large,overlapping VTEM and ZTEM geophysical anomaly.
A URL for a video shot recently of the exposed zonelying above the Z1 geophysical anomaly on the Eskay Rift property(which is indicated to begin about 100-150m below surface) is alsoprovided at the end of this release.
About Teuton
Teuton owns interests in more than thirty properties inthe prolific “Golden Triangle” area of northwest British Columbiaand was one of the first companies to adopt what has since becomeknown as the “prospect generator” model. Teuton earned $3.9million net income in 2020 and a further $2.4 million in the firstquarter of 2021. Its income is derived from option payments.
Teuton was the original staker of the Treaty Creekproperty, host to the large Goldstorm deposit, assembling the coreland position in 1985. It presently holds a 20% carried interest inTreaty Creek (carried until such time as a production decision ismade). Interested parties can access information about Teuton at theCompany’s website, www.teuton.com .
Figures & Videos Accompanying News Release
Please click link to view Plan Map and Cross-Sections: http://teuton.com/TreatyAugCrossSections
View Eskay Rift video: https://vimeo.com/594412278
On behalf of the Board of Directors of TeutonResources:
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company'swebsite at www.teuton.com or contact:
Barry Holmes
Director Corporate Development andCommunications
Tel. 778-430-5680
Email: barry@teuton.com
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
Cautionary Statements regarding Forward-Lookinginformation
Certain statements contained in this press releaseconstitute forward-looking information. These statements relate tofuture events or future performance. The use of any of the words"could", "intend", "expect","believe", "will", "projected","estimated" and similar expressions and statements relatingto matters that are not historical facts are intended to identifyforward-looking information and are based on the Company's currentbelief or assumptions as to the outcome and timing of such futureevents. Actual future results may differ materially.
All statements relating to future plans, objectivesor expectations of the Company are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurate and actual results andfuture events could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company's plans or expectations includerisks relating to the actual results of current explorationactivities, fluctuating gold prices, possibility of equipmentbreakdowns and delays, exploration cost overruns, availability ofcapital and financing, general economic, market or businessconditions, regulatory changes, timeliness of government or regulatoryapprovals and other risks detailed herein and from time to time in thefilings made by the Company with securities regulators. The Companyexpressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information,future events or otherwise except as otherwise required by applicablesecurities legislation.
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