(TheNewswire)
Vancouver, Canada – TheNewswire – August 23, 2022 –– Teuton Resources Corp. (“Teuton” or “theCompany”) (TSXV:TUO) (OTC:TEUTF) (Frankfurt:TFE) has received the fifth set of drill results fromits Joint Venture Partner, Tudor Gold, with respect to Phase l of the2022 exploration 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 ofTudor Gold , commented as follows: “We areextremely pleased with the 5 th set of results for the 2022 Treaty Creekdrill hole program. Not only do we see continued success in thestep-out drilling of the large Goldstorm Deposit and its variousdomains, but we also see the continuation of hitting high-gradeswithin pulses of gold and silver as a late-stage, over-printed styleof mineralization. Notably, much higher silver mineralization isassociated with these late-stage features as supported by a 1.5 meter(m) interval within the 300H domain which yielded 24.11 g/t AuEq (20.40 g/t Au, 311 g/t Agand 648 ppm Cu) within GS-22-146 as part of a 10.5 m composite thataveraged 9.55 g/t AuEq (8.77 g/t Au, 62.44 g/t Ag and 410 ppm Cu). Similarly, within hole GS-22-147, a 1.10 m intercept yielded 22.79g/t AuEq over 1.10 m (13.4 g/t Au, 801 g/t Ag and 196 ppm Cu). These two high-grade precious metal interceptsoccur deeper within the 300H domain and are 285 m apart from eachother. Three of the six reported Goldstorm holes were step-out drillholes that were drilled outside the 2021 Resource Estimate area; theother drill holes were targeted to infill large blocks that representsignificant tonnages within the resource model. Within the 300Hdomain, we continue to recover long intercepts of gold-silvermineralization that contains a core of gold-silver enrichment: GS-22-146 cut 517.5 m of 1.10g/t AuEq (1.02 g/t Au, 4.17 g/t Ag, 285 ppm Cu) with an enriched,deeper portion averaging 2.64 g/t AuEq over 102 m (2.48 g/t Au, 8.88g/t Ag and 491 ppm Cu). Step-out drill holesinto the CS600 domain continue to produce strong copper gradesassociated with gold-sliver mineralization. GS-22-147 cut 0.41 % Cu over 87.0 m thataveraged 1.01 g/t AuEq (0.45g/t Au, 6.86 g/t Ag, 0.41 % Cu ).
Drilling at the Eureka Zone revealed gold-silvermineralization similar to the DS5 Domain of Goldstorm. Geologicsimilarities include the occurrence of post-mineral intrusive dykes asobserved throughout the Goldstorm Deposit as well as fault off-sets.The best drilling results of the season so far were obtained from EZ-22-12 which intersected46.0 m of 1.05 g/t AuEq (0.89 g/t Au, 6.41 g/t Ag and 697 ppm Cu). Drilling continues as we have yet to determineany limits to the Goldstorm or Eureka systems.”
The Program at the Treaty Creek property includes anaggressive resource expansion and delineation plan for several areas,including the Goldstorm Deposit and the Eureka and Calm Before theStorm Zones. Results included in this press release are reported fromtwelve diamond drill holes that were drilled on the Eureka Zone(Sections EZ - A, EZ - B, EZ - C) and six diamond drill holes thatwere drilled on the Goldstorm Deposit (Sections E, F, G, H) AtGoldstorm, three out of six holes were drilled partially or completelyoutside the 2021 Mineral Resource Estimate area (a URL for TreatyCreek plan map and sections can be found at the end of thisrelease).
GOLDSTORM DEPOSIT
SECTION E
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GS-22-146 wasdrilled to target the northwest extension of CS600. The successfulCS600 intercept was spaced 125 m down-dip from previous drilling. Thehole first drilled through an exceptional intercept of the 300H domainwhich returned 517.5 m grading1.10 g/t AuEq (1.02 g/t Au, 4.17 g/t Ag, 0.03 %Cu) which included a 10.5 minterval of 9.55 g/t AuEq (8.77 g/t Au, 62.44 g/tAg, 0.04 % Cu). The CS600 domain intercept reported 24.0 m grading 4.72 g/t AuEq (4.50 g/t Au, 1.10 g/t Ag, 0.17 % Cu) within 88.5 m grading 2.10 g/t AuEq (1.85 g/t Au, 2.39 g/t Ag, 0.18 % Cu).
SECTION F
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GS-22-147 wasalso drilled as a northwest extension of CS600 with the hole landing125 m from previous drilling, extending the CS600 down-dip. The 300Hdomain was intercepted prior to reaching the CS600 domain and reportedseveral high-grade intervals, including 22.79 g/t AuEq (13.4g/t Au, 801.00 g/t Ag, 2.83 % Cu) over 1.10 m , and 11.25 g/t AuEq (4.00 g/t Au, 335.00 g/t Ag, 2.83% Cu) over 1.05 m . The CS600intercept reported 87.0 mgrading 1.01 g/t AuEq (0.45 g/t Au, 6.86 g/t Ag,0.41 % Cu ).
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GS-22-148 wasdrilled as an infill hole within the 300H domain. The holesuccessfully intercepted 141.0m grading 0.97 g/t AuEq (0.91 g/t Au, 3.37 g/tAg, 0.02 % Cu).
SECTION G
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GS-22-150 targeted the CS600 along the north-western boundary of the domain toimprove the understanding of continuity along the uppermost portion ofthe domain. The hole intercepted 52.5 m grading 1.09 g/t AuEq (0.66 g/t Au,15.91 g/t Ag, 0.21 % Cu) and was spaced 90 m to the southwest fromprevious drilling.
SECTION H
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GS-22-144 stepped out 175 m to the northwest from the 2021 drilling and targetedthe CS600 and DS5 domains which were both successfully intercepted.The CS600 intercept returned 90.0 meters grading 1.35 g/t AuEq (0.73 g/tAu, 16.3 g/t Ag, 0.36 % Cu) within a broader envelope of 220.5 m grading 1.02 g/t AuEq (0.62 g/t Au, 11.43 g/t Ag, 0.22 % Cu). Below this, the DS5intercept reported 258.0 mgrading 1.00 g/t AuEq (0.95 g/t Au, 3.22 g/t Ag,0.01 % Cu).
EUREKA ZONE
A total of twelve diamond drill holes were drilled inthe Eureka Zone to identify the potential for mineralization acrossthe zone as well as identify geological controls to improve theunderstanding of controls for mineralization. Several holes hitfavourable mineralized intercepts, including:
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EZ-22-04 : 0.50g/t AuEq (0.32 g/t Au, 6.01 g/t Ag, 0.09 % Cu) over 81.0 m.
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EZ-22-07 : 0.51g/t AuEq (0.45 g/t Au, 3.75 g/t Ag, 0.01 % Cu) over 81.0 m.
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EZ-22-08 : 0.60g/t AuEq (0.50 g/t Au, 4.86 g/t Ag, 0.04 % Cu) over 152.7 m.
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EZ-22-10 : 0.54g/t AuEq (0.43 g/t Au, 5.43 g/t Ag, 0.04 % Cu) over 135.0 m.
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EZ-22-12 : 1.05 g/t AuEq (0.89 g/t Au,6.41 g/t Ag, 0.07 % Cu) over 46.0 m.
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EZ-22-13 : 0.58g/t AuEq (0.49 g/t Au, 4.78 g/t Ag, 0.03 % Cu) over 142.05 m.
Table 1: Drilling Results for EurekaZone and Goldstorm Deposit in Press Release August 23, 2022
Section | Hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (ppm) | AuEq (g/t) |
n/a | EZ-22-02 | No significant values | ||||||
n/a | EZ-22-03 | No significant values | ||||||
EZ - C | EZ-22-04 | 92.00 | 108.50 | 16.50 | 0.25 | 9.19 | 3567 | 0.78 |
101.00 | 182.00 | 81.00 | 0.32 | 6.01 | 946 | 0.50 | ||
153.50 | 182.00 | 28.50 | 0.52 | 11.97 | 504 | 0.72 | ||
EZ - C | EZ-22-05 | 51.50 | 149.00 | 97.50 | 0.28 | 5.29 | 151 | 0.36 |
EZ - C | EZ-22-06 | 63.15 | 206.00 | 142.85 | 0.30 | 5.09 | 159 | 0.38 |
167.00 | 206.00 | 39.00 | 0.41 | 4.69 | 140 | 0.48 | ||
179.00 | 197.00 | 18.00 | 0.64 | 5.69 | 209 | 0.73 | ||
EZ - C | EZ-22-07 | 8.00 | 89.00 | 81.00 | 0.45 | 3.75 | 144 | 0.51 |
135.50 | 159.50 | 24.00 | 0.51 | 2.05 | 74 | 0.54 | ||
EZ - A | EZ-22-08 | 26.30 | 179.00 | 152.70 | 0.50 | 4.86 | 402 | 0.60 |
95.00 | 179.00 | 84.00 | 0.61 | 6.26 | 649 | 0.76 | ||
n/a | EZ-22-09 | No significant values | ||||||
EZ - A | EZ-22-10 | 21.50 | 156.50 | 135.00 | 0.43 | 5.34 | 358 | 0.54 |
98.00 | 147.50 | 49.50 | 0.47 | 8.82 | 844 | 0.67 | ||
n/a | EZ-22-11 | No significant values | ||||||
EZ - C | EZ-22-12 | 36.00 | 82.00 | 46.00 | 0.89 | 6.41 | 697 | 1.05 |
44.50 | 72.00 | 27.50 | 1.18 | 7.71 | 817 | 1.38 | ||
EZ - B | EZ-22-13 | 26.90 | 168.95 | 142.05 | 0.49 | 4.78 | 303 | 0.58 |
26.90 | 100.50 | 73.60 | 0.53 | 7.35 | 400 | 0.67 | ||
H | GS-22-144 (CS600) | 583.50 | 804.00 | 220.50 | 0.62 | 11.43 | 2216 | 1.02 |
Including | 640.50 | 730.50 | 90.00 | 0.73 | 16.30 | 3646 | 1.35 | |
And including | 790.50 | 798.20 | 7.70 | 2.32 | 36.31 | 2175 | 3.00 | |
And (DS5) | 1051.50 | 1309.50 | 258.00 | 0.95 | 3.22 | 135 | 1.00 | |
Including | 1092.00 | 1161.00 | 69.00 | 1.35 | 5.47 | 240 | 1.44 | |
Or | 1109.20 | 1123.50 | 14.30 | 2.77 | 10.97 | 800 | 2.99 | |
And including | 1257.00 | 1291.50 | 34.50 | 1.78 | 6.66 | 130 | 1.87 | |
E | GS-22-146 (300H) | 168.50 | 686.00 | 517.50 | 1.02 | 4.17 | 285 | 1.10 |
Including | 582.50 | 684.50 | 102.00 | 2.48 | 8.88 | 491 | 2.64 | |
With | 615.50 | 647.00 | 31.50 | 3.95 | 4.67 | 865 | 4.10 | |
And With | 672.50 | 683.00 | 10.50 | 8.77 | 62.44 | 410 | 9.55 | |
Including | 680.00 | 681.50 | 1.50 | 20.40 | 311.00 | 648 | 24.11 | |
And (CS600) | 1274.00 | 1362.50 | 88.50 | 1.85 | 2.39 | 1843 | 2.10 | |
Including | 1275.50 | 1299.50 | 24.00 | 4.50 | 1.10 | 1740 | 4.72 | |
F | GS-22-147 (300H) | 298.50 | 568.50 | 270.00 | 0.61 | 4.16 | 335 | 0.70 |
Including | 349.30 | 350.35 | 1.05 | 4.00 | 335.00 | 28290 | 11.25 | |
And | 378.00 | 378.50 | 0.50 | 3.45 | 291.00 | 28300 | 10.20 | |
And | 427.50 | 468.00 | 40.50 | 1.02 | 2.33 | 117 | 1.06 | |
And (300H) | 799.50 | 1078.50 | 279.00 | 0.68 | 4.68 | 241 | 0.76 | |
Including | 799.50 | 868.50 | 69.00 | 1.04 | 15.90 | 325 | 1.26 | |
With | 832.90 | 834.00 | 1.10 | 13.40 | 801.00 | 196 | 22.79 | |
And (CS600) | 1284.00 | 1495.80 | 211.80 | 0.40 | 4.54 | 2912 | 0.80 | |
Including | 1293.00 | 1380.00 | 87.00 | 0.45 | 6.86 | 4079 | 1.01 | |
F | GS-22-148 (1) (300H) | 297.00 | 640.50 | 343.50 | 0.63 | 2.12 | 120 | 0.67 |
Including | 498.00 | 639.00 | 141.00 | 0.91 | 3.37 | 176 | 0.97 | |
GS-22-149 | Hole failed to reach target. Notsampled. | |||||||
G | GS-22-150 (CS600) | 472.50 | 715.50 | 243.00 | 0.47 | 7.63 | 1190 | 0.70 |
Including | 612.00 | 664.50 | 52.50 | 0.66 | 15.91 | 2088 | 1.09 | |
|
Table 2: Drill data for holes inPress Release August 23, 2022
Section | Hole ID | UTM E NAD 83 | UTM N NAD 83 | Elevation (m) | Azi (?) | Dip (?) | Depth (m) |
n/a | EZ-22-02 | 429964.16 | 6272488.62 | 1318.65 | 130 | -90 | 332 |
n/a | EZ-22-03 | 429964.85 | 6272488.10 | 1318.65 | 130 | -50 | 104 |
EZ - C | EZ-22-04 | 429885.63 | 6272276.15 | 1380.95 | 130 | -90 | 264 |
EZ - C | EZ-22-05 | 429885.67 | 6272276.22 | 1380.92 | 130 | -50 | 149 |
EZ - C | EZ-22-06 | 429886.38 | 6272275.57 | 1380.85 | 130 | -55 | 254 |
EZ - C | EZ-22-07 | 429849.87 | 6272367.41 | 1357.83 | 130 | -90 | 275 |
EZ - A | EZ-22-08 | 429776.44 | 6272172.80 | 1376.43 | 130 | -90 | 182 |
n/a | EZ-22-09 | 429781.00 | 6272657.00 | 1224.09 | 225 | -90 | 99 |
EZ - A | EZ-22-10 | 429776.44 | 6272172.80 | 1376.43 | 270 | -55 | 156.5 |
n/a | EZ-22-11 | 429795.01 | 6272546.09 | 1278.09 | 220 | -70 | 125.5 |
EZ - C | EZ-22-12 | 429708.00 | 6272443.00 | 1292.00 | 130 | -90 | 201 |
EZ - B | EZ-22-13 | 429765.72 | 6272306.05 | 1345.64 | 315 | -80 | 189 |
H | GS-22-144 | 428936.00 | 6273443.00 | 1391.00 | 310 | -84 | 1317 |
E | GS-22-146 | 428430.90 | 6272982.00 | 1371.21 | 167 | -63 | 1508 |
F | GS-22-147 | 428651.00 | 6273191.00 | 1369.00 | 295 | -60 | 1495.8 |
F | GS-22-148 | 428659.10 | 6273198.00 | 1368.70 | 300 | -63 | 663.4 |
F | GS-22-149 | 428659.10 | 6273198.00 | 1368.70 | 308 | -62 | 108 |
G | GS-22-150 | 428804.00 | 6273272.00 | 1322.00 | 295 | -88 | 819 |
Qualified Person
The Qualified Person for the Treaty Creek technicalinformation in this news release is Tudor Gold’s President andCEO, 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 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 (Tudor Gold is responsible for paying all explorationcosts up until such time as a production decision is made) and a 0.98%NSR in the Goldstorm deposit area. It also owns numerous additionalroyalty interests within the SulphurestsHydrothermal system on properties such as the King Tut, Tuck, HighNorth, Orion, Delta and Fairweather properties. Interested parties canaccess information about Teuton at the 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.
URL for various maps:
http://teuton.com/0823NRFigures
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 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.
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