(TheNewswire)
Vancouver, Canada – TheNewswire – Teuton Resources Corp. (“Teuton” or “the Company”)(TSXV: TUO ) ("TFE"- Frankfurt) has received the following review of the 2021 and 2022 drillprograms (the “ Programs ”) completed at its Treaty Creekgold-copper project (the “ Property ”) by Joint Venture partner, TudorGold. T he Property islocated in the heart of the Golden Triangle of northwestern BritishColumbia, adjoining and on geological trend with S eabridge Gold’s KSM property and Newcrest Mining’sBrucejack prope rty.
The objective of the drill programs in 2021( totalling 30,108 meters (m)over 30 drill holes ) and 2022 ( totalling 42,318 m over 55 drillholes ) at Treaty Creek was to complete anaggressive resource expansion and delineation plan on the GoldstormDeposit. In addition, reconnaissance drilling was conducted andresulted in several discoveries at the Perfectstorm (PS), Eureka (EZ)and Calm Before the Storm (CBS) zones. Despite drilling over 70,000 mat Treaty Creek since the initial mineral resource estimate, theGoldstorm Deposit remains open to the south, north, northeast and atdepth. (See below at the end of the release to review a table ofpreviously reported drill intercepts from the Programs. Click thefollowing link to view: http://teuton.com/TCdrillinghiglights .
Highlights of the2021 and 2022 drill programs include :
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Excellent results from infill andstep-out drilling which consistently encounteredstronger than expected gold, copper and silver mineralization outsidethe previously defined resource area of the Goldstorm Deposit to depthand along the northeastern axis by at least 500 m to the north andnortheast. Drill holes in this area were observed to intercept highergrades than those derived from the 2021 Initial Mineral ResourceEstimate;
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Extended hole GS-21-113-W2 by 280.1m , which intercepted higher gold and coppergrades at depth within the northern step-out area of the GoldstormDeposit. This hole returned an intercept of 1,497.5 m of 1.12 g/t AuEq (0.76 g/t Au, 3.70 g/t Ag,0.27 % Cu) with the strongest mineralizationoccurring between 1520 m and 1688 m down hole, averaging 2.48 g/t AuEq (1.41 g/t Au, 9.07 g/t Ag,0.82 % Cu) over 168 m ;
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Drilled a number of new high-gradeintercepts bearing visible gold mineralization within and outside the boundaries of the Goldstorm Deposit,most notably hole GS-22-134, which returned 20.86 g/t AuEq (20.61 g/t Au, 1.50 g/t Ag,0.20 % Cu) over 4.5 m within a 25.5 m zone of 9.96 AuEq (9.66 g/t Au,1.23 g/t Ag, 0.24 % Cu) , and displayed 17occurrences of visible gold within quartz-pyrite stockworkveins;
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Encountered stronger than expectedcopper grades within the CS600 domain of theGoldstorm Deposit, most notably hole GS-22-159 which returned anintercept of 1.71 g/t AuEq(0.92 g/t Au, 6.10 g/t Ag and 0.61 % Cu) over 180 m. This drill hole ended in strong copper mineralization centredon a much larger composite of 489.0 m averaging 1.12 g/t AuEq (0.66 g/t Au, 3.60 g/t Ag, 0.36 % Cu );
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Confirmed the discovery of a newmineralized zone known as Route 66 located inthe southern portion of the Goldstorm Deposit. This new higher-gradegold zone was initially intercepted in 2020 by hole GS-20-66 and wasfollowed up in 2022 by hole GS-22-135; a 100 m step-out hole whichintercepted the up-dip expression of the zone, returning 1.42 g/t AuEq over 55.5 m (1.38 g/t Au,1.03 g/t Ag, 0.02 % Cu) ;
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Improved the definition and spatialcontinuity of the Goldstorm porphyry system which is comprised of four separate mineral domains over anarea that measures approximately 2,500 m in length, 1,000 m in widthand 1,400 m in depth. TheGoldstorm Deposit remains open to the south, north, northeast and atdepth ;
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New drill discoveries made atPerfectstorm, Calm Before the Storm and Eureka zones with several diamond drill holes intercepting significantgold, copper and silver mineralization. These holes will be followedup by subsequent exploration programs, but the priority will be todrill off the limits to the Goldstorm Deposit for 2023.
Ken Konkin, President and CEO ofTudor Gold , commented as follows: “Over thepast two years, we have seen significant expansion to our GoldstormDeposit during these very successful drill campaigns, particularly inthe northern aspect of the deposit. Additionally, we exposedsignificant precious metal values in three other bulk-tonnage targets:Eureka, Calm Before the Storm and Perfectstorm. Perfectstorm is thelargest of these three targets and is located equidistant between theGoldstorm Deposit and Seabridge Gold’s Iron Cap Deposit, a merethree kilometers from each of those deposits. The Treaty Creek projectcontinues to hold incredible geological potential for discovery ofseveral large intrusive-related and porphyry-type targets. One of thebiggest highlights of the 2021-2022 drilling programs was discovery ofa structural corridor located in northern aspect of the step-outdrilling which hosts significant fine-grained to coarse-grainedvisible native gold. In drill hole GS-22-134, our geologists observed 17 grains of native gold over4.5 m that averaged 20.86 AuEq (20.61 g/t Au, 1.50 g/t Ag, 0.20 %Cu) . We have not specifically targeted thishigh-grade corridor, yet numerous drill holes intersected visible goldwithin the northern aspect to the step-out drilling, this is somethingwe did not expect. We look forward to continuing the step-out drillingin 2023. One very important aspect to consider with the GoldstormDeposit is that not only are the gold-copper-silver composites gradesincreasing to the north, but we are maintaining a very high-level ofgrade consistency throughout this area. As the saying goes: if gradeis king of the deposit, then surely consistency should be queen; weclearly have demonstrated that we have excellent consistencythroughout the entire deposit.”
Results from the 2021 and 2022 drill programs will beincluded in the next updated Mineral Resource Estimate on theGoldstorm Deposit, which is anticipated to be released in the firsthalf of 2023. Tudor Gold’s objective is to optimize the currentMineral Resource by concentrating on higher grades to increase theoverall quality of gold, silver, and copper resources. As a result,Tudor Gold is focused on delivering an enhanced Mineral ResourceEstimate on the Goldstorm Deposit which will improve the overallprospects of the Treaty Creek Project as it advances towards aPreliminary Economic Assessment (PEA).
Dino Cremonese, P. Eng., President and CEO of Teutoncomments: “This is an excellent review of the work completed sincethe maiden Mineral Resource Estimate published on March 9, 2021.Results from the 70,000 m drilled since then are expected tomaterially expand resources. I would like to take this opportunityto thank Tudor Gold and Ken Konkin for doing an outstanding job;thanks also go to the-diamond drillers, More Core Drilling and Hy-techDrilling, Yellowhead Helicopters, and Tudor Gold’s geological andsupport staff.”
Table 1. Select Drilling Highlightsfrom the Goldstorm Deposit at Treaty Creek (Completed in 2021 and 2022)
Hole | Purpose | Zone(s) | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | AuEq (g/t) |
GS-21-110 | Infill | DS5 | 598.5 | 1072.5 | 474.0 | 0.98 | 3.99 | 75 | 1.04 |
Including | 853.5 | 1069.5 | 216.0 | 1.62 | 6.88 | 101 | 1.71 | ||
With | 898.5 | 1029.0 | 130.5 | 2.29 | 7.83 | 106 | 2.39 | ||
GS-21-113 | Step-out | 300H + CS600 | 255.0 | 1227.0 | 972.0 | 0.91 | 3.66 | 2647 | 1.27 |
Including (300H) | 255.0 | 711.0 | 456.0 | 1.30 | 3.34 | 101 | 1.35 | ||
With | 552.0 | 699.0 | 147.0 | 2.56 | 7.04 | 78 | 2.65 | ||
And including (CS600) | 822.0 | 1227.0 | 405.0 | 0.65 | 4.64 | 6179 | 1.44 | ||
With | 892.5 | 1165.5 | 273.0 | 0.77 | 5.50 | 8436 | 1.83 | ||
GS-21-116 | Infill | 300H + CS600 | 296.0 | 1388.0 | 1092.0 | 0.52 | 2.84 | 1653 | 0.75 |
Including (300H) | 318.5 | 534.5 | 216.0 | 0.72 | 3.97 | 352 | 0.81 | ||
With | 477.5 | 534.5 | 57.0 | 1.18 | 6.79 | 501 | 1.32 | ||
And including (CS600) | 1040.0 | 1388.0 | 348.0 | 0.62 | 3.42 | 4379 | 1.18 | ||
With | 1080.5 | 1341.5 | 261.0 | 0.70 | 2.99 | 5521 | 1.39 | ||
GS-21-119 | Step-out | DS5 | 726.0 | 1290.0 | 564.0 | 0.96 | 8.45 | 244 | 1.09 |
Including | 861.0 | 1057.5 | 196.5 | 1.62 | 10.31 | 153 | 1.76 | ||
GS-21-124 | Infill | 300H | 33.0 | 1122.0 | 1089.0 | 0.69 | 3.18 | 195 | 0.75 |
Including | 33.0 | 509.1 | 476.1 | 1.02 | 3.68 | 225 | 1.09 | ||
With | 378.0 | 504.0 | 126.0 | 1.42 | 3.62 | 311 | 1.50 | ||
GS-22-133 | Step-out | 300H | 670.5 | 711.0 | 40.5 | 1.35 | 0.63 | 24 | 1.36 |
CS600 | 804.0 | 1404.0 | 600.0 | 0.60 | 2.35 | 2414 | 0.91 | ||
Including | 1081.5 | 1318.8 | 237.3 | 0.89 | 3.97 | 4895 | 1.51 | ||
GS-21-113-W2 | Step-out | 300H + CS600 | 255.0 | 1752.5 | 1497.5 | 0.76 | 3.70 | 2685 | 1.12 |
300H | 255.0 | 352.5 | 97.5 | 1.25 | 2.16 | 78 | 1.28 | ||
CS600 | 1019.0 | 1751.0 | 732.0 | 0.91 | 5.65 | 5314 | 1.60 | ||
Including | 1520.0 | 1688.0 | 168.0 | 1.41 | 9.07 | 8153 | 2.48 | ||
GS-22-139 | Step-out | DS5 | 714.0 | 1152.0 | 438.0 | 0.96 | 7.33 | 171 | 1.07 |
Including | 735.0 | 907.4 | 172.4 | 1.17 | 13.57 | 283 | 1.36 | ||
And | 997.5 | 1112.0 | 114.5 | 1.21 | 3.23 | 74 | 1.26 | ||
GS-22-146 | Infill | 300H | 168.5 | 686.0 | 517.5 | 1.02 | 4.17 | 285 | 1.10 |
Including | 582.5 | 684.5 | 102.0 | 2.48 | 8.88 | 491 | 2.64 | ||
With | 672.5 | 683.0 | 10.5 | 8.77 | 62.44 | 410 | 9.55 | ||
CS600 | 1274.0 | 1362.5 | 88.5 | 1.85 | 2.39 | 1843 | 2.10 | ||
Including | 1275.5 | 1299.5 | 24.0 | 4.50 | 1.10 | 1740 | 4.72 | ||
GS-22-154 | Step-out | 300H | 418.5 | 598.5 | 180.0 | 1.97 | 3.72 | 124 | 2.02 |
Including | 429.0 | 522.0 | 93.0 | 3.12 | 4.59 | 101 | 3.18 | ||
With | 438.0 | 495.0 | 57.0 | 4.30 | 5.91 | 96 | 4.38 | ||
Or | 438.0 | 453.0 | 15.0 | 7.76 | 6.48 | 63 | 7.84 | ||
CS600 | 1251.0 | 1450.5 | 199.5 | 0.45 | 6.01 | 4366 | 1.04 | ||
Including | 1299.0 | 1398.0 | 99.0 | 0.52 | 8.83 | 5686 | 1.30 | ||
GS-22-158 | Step-out | CS600 | 793.5 | 1386.0 | 592.5 | 0.73 | 3.17 | 3369 | 1.16 |
Including | 867.0 | 945.0 | 78.0 | 1.01 | 5.37 | 3606 | 1.50 | ||
And | 1110.0 | 1345.5 | 235.5 | 0.87 | 3.98 | 4887 | 1.50 | ||
With | 1219.5 | 1333.5 | 114.0 | 1.04 | 5.17 | 6090 | 1.82 | ||
GS-22-159 | Step-out | 300H | 651.0 | 726.0 | 75.0 | 1.56 | 4.90 | 82 | 1.63 |
Including | 667.5 | 679.5 | 12.0 | 4.76 | 11.32 | 94 | 4.91 | ||
CS600 | 1140.3 | 1629.0 | 489.0 | 0.66 | 3.60 | 3574 | 1.12 | ||
Including | 1291.5 | 1471.5 | 180.0 | 0.92 | 6.10 | 6131 | 1.71 | ||
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QualifiedPerson
The Qualified Person for the Treaty Creek technicalinformation in this news release is Tudor Gold’s President and CEO,Ken Konkin, P.Geo. Mr. Konkin is also a director of Teuton Resourcesand as such is not independent of the Company. He has read andapproved the scientific and technical information in regard to theTreaty Creek property that forms the basis for the disclosurecontained in this news release.
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.
About the TreatyCreek Property
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 and American Creek Resources holds the final 20% carriedinterest (Tudor Gold is responsible for paying all exploration costsup until such time as a production decision is made and currently ownsa 60% working interest). Teuton also owns a 0.98% NSR in theGoldstorm deposit area. It also owns numerous additional royaltyinterests within the Sulphurets Hydrothermal system on properties suchas the King Tut, Tuck, High North, Orion, Delta and Fairweatherproperties. Interested parties can access information about Teuton atthe Company’s website, www.teuton.com .
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. This model minimizesshare equity dilution while at the same time maximizing opportunity. Earnings provided from option payments (received in cash and oftenalso in shares of the optionee companies), has provided Teuton withsubstantial income over the years.
On Behalf of the Board of Directorsof Teuton Resources:
"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 TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Cautionary Statements regardingForward-Looking information
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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