(TheNewswire)
Vancouver, Canada –– TeutonResources Corp. (“Teuton” or “the Company”)(TSXV: TUO ) (OTC:TEUTF) (Frankfurt: TFE ) has received assayresults from its Joint Venture partner, Tudor Gold Corp.,on the second set of drillresults from the Phase l work program at the Treaty Creek property. 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 property.
Ken Konkin, President and CEO of Tudor Gold andDirector of Teuton, commented as follows: “Continuing from theimpressive drill results presented in the July 12 th 2022 PressRelease that reported a 200 m northeastern step-out from the 2021program, we are extremely pleased to present the second set of resultsof our 2022 Goldstorm resource expansion drill program. The previouslyannounced GS-22-133 (0.91 g/t AuEq over 600.0 m, with anenriched zone of 1.51 g/t AuEq over 237.3 m) isextremely consistent with the results obtained from GS-22-134 thatyielded 0.97 g/t AuEq over663.0 m, with an enriched zone of 1.76 g/t AuEq over 205.5m. These holes are located approximately 300 mapart. Significantly, we also discovered a high-grade pulse of goldmineralization within GS-22-134 that carried 20.86 g/t AuEq over 4.5 m within a 25.5 mzone of 9.96 AuEq, which displayed 17occurrences of free visible gold within stockwork veins. In addition,we are seeing continued success with drill holes completed on the DS5domain. Step-out drilling that has expanded the area of this domainincludes GS- 22-137 whichcontained 1.44 g/t AuEq over232.5 m, with an enriched zone of 2.03 g/t AuEq over 60.0 m. TheGoldstorm deposit remains open in all directions and at depth.Drilling at our newly discovered CBS system provided positive resultswith numerous at surface intercepts that ranged between 1.00 g/t AuEq to 1.53 g/t AuEq over 7.5 mto 9.4 m, with a deeper intercept that grades 0.77 g/t AuEq over 79.5m. Continued drilling is recommended for the CBSZone, however, for the remainder of this season all drills willcontinue drilling at Goldstorm, as the extent of this depositcontinues to expand with extremely positive results. We have steppedout approximately half a kilometer with outstanding and consistentresults and we will continue to drill step-out holes for2022.”
The Program at the Treaty Creek property includes anaggressive resource expansion and delineation plan on several areasincluding the Goldstorm Deposit and the Eureka and Calm Before theStorm zones. Results included in this press release are reported fromeight diamond drill holes; four that were drilled on the GoldstormDeposit from sections 112+00 and A, and four that were drilled on theCalm Before the Storm Zone (CBS). Seven out of eight holes weretargeted outside the 2021 Mineral Resource Estimate area (see URLs atthe end of this news release for a plan map and section).
D. Cremonese, President and CEO of Teuton Resources,commented as follows: “The interval in hole GS22-134, 25.5 m grading9.96 g/t AuEq, is the highest grade intersection yet recorded atTreaty Creek. Quite possibly it represents a new form ofmineralization among the many occurrences already discovered at theproperty. Should further results substantiate that the high-gradezone has significant dimension, it would materially enhance theeconomics at Treaty Creek, complementing the extensive bulk tonnageporphyry gold and gold-copper mineralization already found.”
GOLDSTORM DEPOSIT
SECTION A
-
GS-22-134 stepped out on the 300H and CS600 resource area and returned 663.0 m grading 0.97 g/tAuEq . The hole ended 500 m to the northeast fromthe 2021 drilling, well outside the existing resource estimatearea . A high-grade interval of9.96 g/t AuEq over 25.5 m contained an enriched zone of 20.86 g/t AuEqover 4.5 m. This 25.5 m interval of a newlydiscovered high-grade gold pulse contained 17occurrences of visible gold and is interpreted to be either acontinuation of CS600 or a separate intrusive stock that isgenetically related to CS600.
-
GS-22-136 stepped out on the DS5 resource area and returned 34.5 m of 2.64 g/t AuEq within 82.7 m of1.62 g/t AuEq . GS-22-136 stepped out 80 m fromthe 2021 drilling and tested the continuity of mineralization proximalto the Treaty Thrust Fault 2 (TTF2).
-
GS-22-137 stepped out on the DS5 resource area and returned 232.5 m of 1.44 g/t AuEq within 442.5 m of1.02 g/t AuEq (DS5). An intersection of CS600was also observed; previously it was hypothesized that CS600 could bepinched off to the east. Both intersections significantly improve theunderstanding of the size and continuity of both the CS600 and DS5 andwill be valuable additions to the next resource estimate. GS-22-137stepped out 125 m from the 2021 drilling.
SECTION 112+00 NE
-
GS-22-138 tested the southern boundary of the DS5 resource area and returned 33.5 m of 1.00 g/tAuEq within 108.0 m of 0.70 g/t AuEq . This hole also provided infill drilling of CS600 whichconfirmed with a near surface copper-gold intersection of 241.5 m of 0.80 g/t AuEq.
CALM BEFORE THE STORM (CBS)
SECTION CBS
-
CBS-22-04 confirmed the near surface mineralization with an intersection of 8.85 m of 1.30 g/tAuEq . A second deeper intersection returned 42.25 m of 1.03 g/tAuEq within 79.5 m of 0.77 g/t AuEq .
-
CBS-22-05 confirmed the near surface mineralization with an intersection of 9.7 m of 1.00 g/tAuEq . A second deeper intersection returned 12.0 m of 1.00 g/t AuEq within30.0 m of 0.67 g/t AuEq
-
CBS-22-06 confirmed the near surface mineralization with an intersection of 7.5 m of 1.04 g/tAuEq.
-
CBS-22-07 confirmed the near surface mineralization with an intersection of 7.5 m of 1.56 g/tAuEq
Table 1: Drilling Results Goldstormand CBS in Press Release July 20, 2022
Section | Hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | AuEq (g/t) |
A | GS-22-134 (300H) | 601.50 | 711.00 | 109.50 | 1.08 | 1.21 | 34 | 1.10 |
And (CS600) | 879.00 | 1542.00 | 663.00 | 0.83 | 2.07 | 965 | 0.97 | |
Including | 1320.00 | 1525.50 | 205.50 | 1.61 | 0.72 | 1220 | 1.76 | |
Or | 1474.50 | 1500.00 | 25.50 | 9.66 | 1.23 | 2436 | 9.96 | |
Or | 1474.50 | 1479.00 | 4.50 | 20.61 | 1.50 | 1968 | 20.86 | |
A | GS-22-136 (DS5) | 906.00 | 988.70 | 82.70 | 1.55 | 4.56 | 141 | 1.62 |
Including | 907.50 | 942.00 | 34.50 | 2.59 | 3.61 | 70 | 2.64 | |
A | GS-22-137 (CS600) | 478.50 | 573.00 | 94.50 | 0.49 | 5.53 | 643 | 0.63 |
Including (DS5) | 531.00 | 547.50 | 16.50 | 1.16 | 3.27 | 606 | 1.27 | |
And | 733.50 | 1176.00 | 442.50 | 0.96 | 4.03 | 168 | 1.02 | |
Including | 906.00 | 1138.50 | 232.50 | 1.34 | 6.45 | 220 | 1.44 | |
Or | 1056.00 | 1116.00 | 60.00 | 1.90 | 7.88 | 266 | 2.03 | |
112+00 NE | GS-22-138 (CS600) | 136.00 | 377.50 | 241.50 | 0.48 | 7.57 | 1962 | 0.80 |
Including | 148.00 | 163.00 | 15.00 | 0.67 | 8.36 | 2729 | 1.09 | |
And (DS5) | 589.00 | 697.00 | 108.00 | 0.64 | 4.08 | 94 | 0.70 | |
Including | 589.00 | 622.50 | 33.50 | 0.89 | 7.95 | 169 | 1.00 | |
CBS | CBS-22-04 | 4.65 | 13.50 | 8.85 | 1.27 | 2.22 | 21 | 1.30 |
And | 307.50 | 387.00 | 79.50 | 0.62 | 13.18 | 36 | 0.77 | |
Or | 307.50 | 349.75 | 42.25 | 1.01 | 1.48 | 38 | 1.03 | |
CBS | CBS-22-05 | 3.80 | 36.00 | 32.20 | 0.50 | 1.23 | 25 | 0.52 |
Including | 3.80 | 13.50 | 9.70 | 0.98 | 1.68 | 23 | 1.00 | |
And | 217.50 | 247.50 | 30.00 | 0.66 | 0.54 | 9 | 0.67 | |
Including | 217.50 | 229.50 | 12.00 | 0.99 | 0.95 | 10 | 1.00 | |
CBS | CBS-22-06 | 6.00 | 31.50 | 25.50 | 0.50 | 0.43 | 22 | 0.51 |
Including | 6.00 | 13.50 | 7.50 | 1.03 | 0.56 | 20 | 1.04 | |
CBS | CBS-22-07 | 6.00 | 45.00 | 39.00 | 0.58 | 0.87 | 22 | 0.60 |
Including | 7.50 | 15.00 | 7.50 | 1.55 | 0.60 | 21 | 1.56 | |
|
Table 2: Drill data for holes inPress Release July 20, 2022
Section | Hole ID | UTM E NAD 83 | UTM N NAD 83 | Elevation (m) | Azi (?) | Dip (?) | Depth (m) |
A | GS-22-134 | 428936.0 | 6273443.2 | 1391.0 | 326 | -57 | 1584 |
A | GS-22-136 | 429166.0 | 6273029.4 | 1220.1 | 295 | -85 | 996 |
A | GS-22-137 | 429049.2 | 6273267.2 | 1225.3 | 320 | -80 | 1176 |
112+00 NE | GS-22-138 | 428856.6 | 6272854.5 | 1244.6 | 295 | -84 | 742 |
CBS | CBS-22-04 | 430725.0 | 6273999.1 | 980.5 | 200 | -54 | 469 |
CBS | CBS-22-05 | 430725.0 | 6273999.2 | 980.7 | 200 | -60 | 548.5 |
CBS | CBS-22-06 | 430725.2 | 6273999.6 | 980.7 | 200 | -70 | 555 |
CBS | CBS-22-07 | 430725.7 | 6273999.5 | 980.5 | 180 | -65 | 579 |
Qualified Person
The Qualified Person for this news release for thepurposes of National Instrument 43-101 is Tudor Gold’s Presidentand CEO, Ken Konkin, P.Geo. Mr. Konkin is also a director of TeutonResources and as such is not independent of the Company. He has readand approved the scientific and technical information that forms thebasis for the disclosure contained 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 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, both in cash and inshares of the optionee companies over the past 6 years, has providedTeuton with substantial income.
Teuton was the original staker of the Treaty Creekproperty, host to the large Goldstorm deposit, assembling the core land position in 1985. It presentlyholds a 20% carried interest in Treaty Creek (carried until such timeas a production decision is made) and a 0.98% NSR in the Goldstormdeposit area. It also owns numerous additional royalty interestswithin the Sulphurests Hydrothermal system on properties such as theKing Tut, Tuck, High North, Orion, Delta and Fairweather properties.Interested parties can access information about Teuton at theCompany’s website, www.teuton.com .
URL for various maps:
http://teuton.com/NR0720Figures
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.
Copyright (c) 2022 TheNewswire - All rights reserved.