(TheNewswire)
Vancouver, Canada – TheNewswire – December 15, 2021- Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV:TUO) (Frankfurt:TFE) (OTC:TEUTF) has received a report from its joint venture partner TudorGold presenting the sixth set of results from the 2021 resourceexpansion and definition drilling program at the Treaty Creek propertynorth of Stewart, BC. The project is located in the heart of theGolden Triangle of northwestern British Columbia and is on-trend fromSeabridge’s KSM Project located five kilometers southwest of theGoldstorm Deposit.
Included in this press release are the results of fourdiamond drill holes that were completed at the Goldstorm Deposit alongtwo sections (112+00 NE and 115+00 NE), 300 metres apart. Theseresults demonstrate the excellent continuity of precious andbase-metal mineralization that has been measured throughout theGoldstorm deposit and provides increased drill hole density for futureresource determinations. The Copper Belle-Goldstorm Deposit (CB-GS)currently hosts a 1 *NI 43-101 compliant Measured and Indicated MineralResource of 19.4 million ounces of AuEq grading 0.74 g/t AuEq and anInferred Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq(see Teuton Resources press release dated March 9, 2021).
Goldstorm Drilling HighlightsInclude:
SECTION 115+00 NE
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GS-21-122 provided closer hole spacing between previous intercepts of the deep,northwest extension of the CS600 domain. The hole averaged 0.65 g/t AuEq over1,035.0m, which included both the 300H and CS600domains.
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GS-21-122 encountered consistent gold and coppermineralization within the CS600 domain that returned 1.22 g/t AuEq (0.65 g/t Au and 0.45 % Cu)over 355.15m , including an enriched portion thataveraged 1.45 g/t AuEq (0.79g/t Au and 0.53 % Cu) over 247.5m.
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GS-21-122 endedat 1375m in gold mineralization, which may have been the start of theDS5 domain. The drill had reached its’ maximum depth capacity.
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GS-21-126 ,stepping out to the southeast, was stopped before the target due todrilling issues. This hole will be re-drilled in 2022.
SECTION 112+00 NE
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GS-21-123 wasdesigned to provide infill resource definition for the center of theCS600 domain. Unfortunately, this hole was not completed to the targetdepth and ended in mineralization. A portion of the CS600 domain wasintersected, which averaged1.22 g/t AuEq (0.61 g/t Au and 0.45 % Cu) over 38.8m at the end of the hole.
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The upper portion of GS-21-123 intersectedconsistent gold mineralization within the 300H domain with 0.90 g/t AuEq over201.0m that contained an enriched zone thatgraded 1.31 g/t AuEq over49.9m near the center of 300H domain.
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GS-21-124 cutan intercept of the 300H domain that infilled and defined the depositto the northwest just beneath the TTF1 thrust fault. This hole ran 0.75 g/t AuEq over1,089.0m
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A Near-surface ,enriched section of 300H was encountered in GS-21-124, grading 1.50 g/t AuEq over 126.0m,within a 476.1 m interval that averaged 1.09 g/t AuEq.
Tudor Gold’s Vice President ofExploration and Project Development, Ken Konkin, P.Geo., stated: “We are pleased to report that the resourcedefinition-drilling of the Goldstorm Deposit was a great success. Inaddition to expanding the limits of the precious and base-metalmineralization to the northwest, north and northeast, we were able toinfill gaps in the resource model with carefully placed drill holesthat were designed to add gold-equivalent ounces to the measured anddrill indicated categories. In addition, these results demonstrate thestrong consistency of the gold-copper mineralization between holes GS-21-122 and GS-21-124 thatare approximately 500 meters apart; the overall results are verycomparable: GS-21-122 averaged 0.65 g/t AuEq over 1,035 meters whileGS-21-124 averaged 0.75 g/t AuEq over 1,089 meters . We expect to complete the final sections for the last fourdrill holes and combine this with our final surface sampling resultsfor our next press release.”
The complete list of these reported composited drillingresults for Goldstorm, as well as the drill hole data, including holelocation, elevation, depth, dip and azimuth, are provided in Table 1and Table 2, respectively. Please refer to the URL located at the endof this release to view a Plan Map and Cross Sections for the drillingresults and surface samples reported in this news release.
Table 1: Drilling Results Goldstormin Press Release December 15, 2021
Section | Hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | AuEQ (g/t) |
115+00 NE | GS-21-122 | 193.00 | 1228.00 | 1035.00 | 0.42 | 2.39 | 1687 | 0.65 |
Including (300H) | 193.00 | 346.00 | 153.00 | 0.61 | 3.37 | 111 | 0.66 | |
And including (CS600) | 872.85 | 1228.00 | 355.15 | 0.65 | 3.69 | 4453 | 1.22 | |
With | 916.00 | 1163.50 | 247.50 | 0.79 | 3.10 | 5282 | 1.45 | |
115+00 NE | GS-21-126 (1) | NSV | ||||||
112+00 NE | GS-21-123 (2) | 135.50 | 878.00 | 742.50 | 0.46 | 2.16 | 500 | 0.54 |
Including (300H) | 270.50 | 471.50 | 201.00 | 0.84 | 2.75 | 170 | 0.90 | |
With | 271.60 | 321.50 | 49.90 | 1.25 | 3.39 | 157 | 1.31 | |
And (CS600) | 839.20 | 878.00 | 38.80 | 0.61 | 7.51 | 4461 | 1.22 | |
112+00 NE | GS-21-124 (3) | 33.00 | 1122.00 | 1089.00 | 0.69 | 3.18 | 195 | 0.75 |
Including (300H) | 33.00 | 509.10 | 476.10 | 1.02 | 3.68 | 225 | 1.09 | |
With | 378.00 | 504.00 | 126.00 | 1.42 | 3.62 | 311 | 1.50 | |
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Table 2: Drill data for holes inPress Release December 15, 2021
Section | Hole ID | UTM E NAD 83 | UTM N NAD 83 | Elevation (m) | Azi (?) | Dip (?) | Depth (m) |
115+00 NE | GS-21-122 | 428804.9 | 6273270.2 | 1326.1 | 285 | -62 | 1375 |
115+00 NE | GS-21-126 | 429104.7 | 6273040.3 | 1226.8 | 295 | -85 | 318.7 |
112+00 NE | GS-21-123 | 428658.3 | 6273196.9 | 1369.5 | 220 | -75 | 878 |
112+00 NE | GS-21-124 | 428548.3 | 6272852.6 | 1260.0 | 310 | -45 |
QualifiedPerson
The Qualified Person for this news release for thepurposes of National Insturment 43-101 is Tudor Gold’s VicePresident of Exploration and Project Development, Ken Konkin, P. Geo. He has read and approved the scientific and technical informationthat forms the basis for the disclosure contained in this newsrelease. Mr. Konkin is also a director of Teuton Resources.
QA/QC
Diamond 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.
The Treaty Creek Project is a Joint Venture with TudorGold owning 60% and acting as operator. Teuton Resources andAmerican Creek each have a 20% interest in the project. Teuton and American Creek are both fully carried until such time as aProduction Notice is issued, at which time they are required tocontribute their respective 20% share of development costs. Until suchtime, Tudor is required to fund all exploration and development costswhile both Teuton and American Creek have "freerides".
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) and a 0.98% NSR in the Goldstorm deposit area. Interestedparties can access information about Teuton at the Company’swebsite, www.teuton.com .
Figures & Videos AccompanyingNews Release
Please click link to view Plan Map and Cross-Sections: http://teuton.com/GS-PVSections1221 .
On Behal f of the Board of Directors of TeutonResources:
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief ExecutiveOfficer
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 norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
CautionaryStatements regarding Forward-Looking information
Certain statementscontained in this press release constitute forward-lookinginformation. These statements relate to future events or futureperformance. The use of any of the words "could","intend", "expect", "believe","will", "projected", "estimated" andsimilar expressions and statements relating to matters that are nothistorical facts are intended to identify forward-looking informationand are based on the Company's current belief or assumptions as to theoutcome and timing of such future events. Actual future results maydiffer materially.
All statementsrelating to future plans, objectives or expectations of the Companyare forward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany's plans or expectations include risks relating to the actualresults of current exploration activities, fluctuating gold prices,possibility of equipment breakdowns and delays, exploration costoverruns, availability of capital and financing, general economic,market or business conditions, regulatory changes, timeliness ofgovernment or regulatory approvals and other risks detailed herein andfrom time to time in the filings made by the Company with securitiesregulators. The Company expressly disclaims any intention orobligation to update or revise any forward-looking statements whetheras a result of new information, future events or otherwise except asotherwise required by applicable securities legislation.
1 * In April 2021 Tudor Goldpublished a NI 43-101 technical report, “Technical Report andInitial Mineral Resource Estimate of the Treaty Creek Gold Property,Skeena Mining Division, British Columbia Canada” dated March 1, 2021on Tudor Gold’s Sedar profile.
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