Preliminary Economic Assessment on Treaty Creek Project Launched
(TheNewswire)
Victoria, British Columbia –TheNewswire - Canada, February 25, 2026. Teuton Resources Corp. (“Teuton” or“the Company”) (“TUO”-TSX-V) ("TEUTF"- OTCQB)is pleased to report that Joint Venture (“JV”)partner Tudor Gold Corp. ("Tudor Gold" or “Tudor”) has,in a news release dated February 25, 2025, announced that it hasretained Fuse Advisors Inc. of Vancouver,British Columbia, to prepare a preliminary economic assessment(“PEA”) on placing the Treaty Creek Project’s Goldstorm Depositin production. Tudor Gold owns 80% of the Treaty Creek Project andis Operator, while Teuton has a 20% carried interest along withcertain net smelter return interests.
The Tudor Gold February 25, 2025 news release containsthe following:
PEA Terms of Reference
Fuse Advisors Inc. (“Fuse”) has been retained toprepare a PEA examining the potential for an underground miningoperation focused on the higher-grade gold mineralization at TreatyCreek’s Goldstorm Deposit outlined in the 2026 Mineral Resourceestimate (“MRE”) for the Goldstorm Deposit (see below and Tudor’s news release datedJanuary 22, 2026) [See also Teuton’s newsrelease dated January 22, 2026). Initially, Fuse is tasked withdeveloping an underground mine plan producing up to 10,000 tonnes perday using bulk-tonnage mining techniques with a target of definingmineralized material of approximately 50 million to 100 million tonnesgrading in excess of 2.5 grams per tonne gold. Following developmentof a mine plan, Fuse will utilize the final estimated metallurgicalrecoveries from the metallurgical program currently under way todevelop a flowsheet and economics for the project.
Metallurgical Program
The metallurgical program initiated in late 2025 iscurrently progressing with composite samples sourced from within andadjacent to the higher-grade Upper, Central, and Lower zones of theGoldstorm Deposit. The program is primarily focused on producing asulphide gold concentrate, while also evaluating the potential toproduce both a copper concentrate and a sulphide gold concentratethrough a sequential flotation process.
Preliminary metallurgical testwork indicates that asequential copper–pyrite flotation circuit has the potential togenerate marketable copper and sulphide gold concentrates with targetgrades of 15 to 25 g/t gold and 26 to 28% copper. Anticipated overallrecoveries are estimated to range from 80% to 90% for gold, 75% to 85%for silver, and 75% to 85% for copper.
“The recently announced 2026 Mineral Resourceestimate for the Goldstorm Deposit confirmed that lenses ofhigher-grade gold, silver and copper mineralization are hosted withinthe broader envelope of bulk tonnage mineralization,” said JoeOvsenek, President and CEO of Tudor Gold. “We believe that TreatyCreek can be advanced as a mid-size underground operation initiallyfocused on mining these lenses of higher-grade mineralization, thenscaled up to process additional mineralization depending on metalsprices and as capital costs are paid off. Staged developmentde-risks the project with reduced upfront development costs, reduceddevelopment risk, less environmental disturbance and faster cashflow."
Proposed Timing
Initial results from the metallurgical program areexpected late this quarter. The PEA is targeted for completion in thethird quarter of this year. Additional information will be provided asit becomes available with respect to a preliminary economicassessment.
Treaty Creek 2026 Mineral ResourceEstimate
The 2026 MRE (see Tudor’s news release dated January 22, 2026) [See also Teuton’s news release dated January 22, 2026]was prepared by Garth Kirkham, P.Geo. of Kirkham Geosystems Ltd.(“KGL”) based on 359 diamond drill holes for a total of 191,466meters, which includes 332 drill holes completed by the Company[Tudor] between 2016 and 2025 and 27 drill holes completed by priorTreaty Creek Project operators between 2007 and 2009. The 2026 MRE isreported at a NSR cut-off value of US$50 per tonne. A NI 43-101Technical Report will be prepared and posted on www.tudor-gold.com andthe Company's [Tudor’s] profile on www.sedarplus.com within 45days of January 22, 2026.
Table 1: 2026 Treaty Creek ProjectMineral Resource Estimate(1) - (11)
|
| Gold Grade | Silver Grade | Copper |
|
|
|
Indicated | 912.3 | 0.85 | 5.07 | 0.15 | 24.9 | 148.7 | 3,048.0 |
Inferred | 86.1 | 1.43 | 5.22 | 0.17 | 4.0 | 18.6 | 327.7 |
Notes:
The Mineral Resource statement is subject to thefollowing:
(1)?The 2026 MRE has been prepared by Garth Kirkham,P.Geo., an Independent Qualified Person as defined by NI43-101.
(2)?The 2026 MRE has been estimated in accordancewith Canadian Institute of Mining and Metallurgy and Petroleum(“CIM”) definitions, as required under NI43-101.
(3)?The 2026 MRE is reported on a 100% ownershipbasis.
(4)?The 2026 MRE was prepared for a potentialunderground mining scenario evaluated within block cave mining shapesand constrained by geological and grade-continuity-defined solidsusing a NSR cut-off value of US$50/tonne. The NSR value was developedbased on initial metallurgical testwork results combined with theCompany’s [Tudor] and its consultants’ knowledge of potentialsmelter terms, royalites and onsite and offsite costs. The NSRcalculation assumes a payable gold-silver-copper concentrate will begenerated. The NSR calculation assumes metal prices of US$2925/ouncegold, US$34.00/ounce silver and US$4.25/pound copper; metallurgicalrecoveries of 90% for gold, 80% for silver and 80% for copper;underground mining costs of C$8.50/tonne, processing costs ofC$38.50/tonne and G&A of C$1.50/tonne; a CAD:USD exchange rate of0.72 and rounded to US$50.
(5)?The 2026 MRE is reported without applying miningdilution, mining losses, or process losses.
(6)?The 2026 MRE is constrained within undergroundshapes based on reasonable prospects of economic extraction, inaccordance with NI43-101. Reasonable prospects for economic extraction were met by applying mining shapes,ensuring grade continuity above the cut-off value, and by excludingnon-mineable material prior to reporting.
(7)?Mineral resources are classified as Indicated,and Inferred based on geological confidence and continuity, spacing ofdrill holes, and data quality.
(8)?The effective date of the 2026 MRE is November30, 2025.
(9)?Mineral Resources are not Mineral Reserves and donot have demonstrated economic viability. The estimate of MineralResources may be materially affected by environmental, permitting,legal, title, taxation, sociopolitical, marketing, or other relevantissues.
(10)?The Inferred Mineral Resource in this estimatehas a lower level of confidence than that applied to an IndicatedMineral Resource and must not be converted to a Mineral Reserve. It isreasonably expected that the majority of the Inferred Mineral Resourcecould be upgraded to an Indicated Mineral Resource with continuedexploration.
(11)?All figures are rounded to reflect the relativeaccuracy of the estimate and therefore numbers may not appear to addprecisely.
Treaty Creek Project 2026 MineralResource Estimate Higher-Grade Sensitivities
In addition to the base case NSR cut-off value of $50per tonne, NSR cut-off values of $125 per tonne and $175 per tonne arereported to demonstrate the potential effect on tonnage, grade andmetal content (Table 2). Higher NSR cut-off value sensitivitiesdemonstrate an increase in grade and concomitant decrease in tonnage.The higher cut-off value sensitivities will be evaluated for potentialto support an underground mining operation using conventional miningmethods. The higher NSR cut-off value sensitivities are for comparisonpurposes only and should not be considered Mineral Resources.
Table 2: 2026 Treaty Creek ProjectMineral Resource Estimate Higher-Grade Sensitivities(1)
| Mineral |
| Gold Grade | Silver Grade | Copper |
|
|
|
US$125/ | Indicated | 102.1 | 1.78 | 9.19 | 0.27 | 5.8 | 30.2 | 607.2 |
Inferred | 21.8 | 3.64 | 10.22 | 0.14 | 2.6 | 7.2 | 67.8 | |
US$175/ | Indicated | 45.1 | 2.33 | 9.27 | 0.17 | 3.4 | 13.4 | 167.3 |
Inferred | 18.3 | 4.02 | 11.17 | 0.16 | 2.4 | 6.6 | 65.3 |
(1)?See notes to Table 1 above.
QualifiedPersons
The 2026 MRE was prepared by Garth Kirkham, P.Geo. ofKGL, who is an independent Qualified Person, as defined by NI 43-101and responsible for the 2026 MRE. Mr. Kirkham has reviewed andapproved the technical contents of this news release relating to the2026 MRE.
Ken McNaughton, M.A.Sc., P.Eng., Vice President,Development, Tudor Gold, is the Qualified Person, as defined byNational Instrument 43-101, responsible for the PEA. Mr. McNaughtonhas reviewed, verified and approved the scientific and technicalinformation in this news release.
* * *
D. Cremonese, P. Eng., is the Qualified Person forTeuton Resources. Technical data presented in today’s Teuton newsrelease is consistent with that presented in the Tudor Gold newsrelease dated February 25, 2026. As Mr. Cremonese is President andalso director of Teuton, he is not independent of it.
About Treaty Creek
Teuton was the original staker of the Treaty Creekproperty, host to the large Goldstorm deposit, assembling the coreland position in 1984-5. It presently holds a 20% carried interestin the Treaty Creek Project (Tudor Gold is responsible for paying allexploration costs up until such time as a production decision is madeand owns an 80% interest). Additionally, Teuton owns a 0.98% NetSmelter Royalty in the Goldstorm deposit area as well as in thenorthern portion of the Perfectstorm zone; within the southern portionof the Perfectstorm zone, Teuton owns a 0.49% NSR with an option toincrease that to 1.49% by paying $1 million to the current owner. Italso owns numerous additional royalty interests within the SulphuretsHydrothermal system on formerly 100%-owned properties such as the KingTut, Tuck, High North, Orion, Delta and Fairweather properties (KingTut and Tuck now owned by Newmont Mining; High North, Orion, Delta andFairweather properties now owned by Goldstorm Metals).
The Treaty Creek Project not only contains theGoldstorm Deposit (a large gold-copper porphyry system) it also hostsseveral other prospective zones of mineralization lying along anorth-northeast trending axis following the trace of the Sulphuretsthrust fault. This thrust fault is spatially related to all of theporphyry deposits on the neighbouring KSM property (owned by SeabridgeGold) as well as the Treaty Creek property.
About Teuton
Teuton owns interests in more than twenty-threeproperties in the prolific “Golden Triangle” area of northwestBritish Columbia and was one of the first companies to adopt what hassince become known as the “prospect generator” model. This modelminimizes share equity dilution while at the same time maximizingopportunity. Earnings provided from option payments received, bothin cash and in shares of the optionee companies over the past 9 years,has provided Teuton with substantial income.
ON BEHALF OF THE BOARD OF DIRECTORSOF TEUTON RESOURCES:
"Dino Cremonese”
Dino Cremonese, P. Eng.,
President and Chief ExecutiveOfficer
For further information, please visit theCompany's website at www.teuton.com or contact:
Barry Holmes
Director Corporate Development andCommunications
Tel. 778-430-5680
Email: bholmesmba@gmail.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.
CautionaryStatements regarding Forward-Looking Information
This news release contains“forward-looking information” within the meaning of applicableCanadian securities legislation. “Forward-looking information”includes, but is not limited to, statements with respect to theactivities, events or developments that the Company expects oranticipates will or may occur in the future, including the completionand anticipated results of planned exploration activities. Generally,but not always, forward-looking information and statements can beidentified by the use of words such as “plans”, “expects”,“is expected”, “budget”, “scheduled”, “estimates”,“forecasts”, “intends”, “anticipates”, or “believes”or the negative connotation thereof or variations of such words andphrases or state that certain actions, events or results “may”,“could”, “would”, “might” or “will be taken”,“occur” or “be achieved” or the negative connationthereof.
Such forward-looking information andstatements are based on numerous assumptions, including among others,that the Company’s planned exploration activities will be completedin a timely manner. Although the assumptions made by the Company inproviding forward-looking information or making forward-lookingstatements are considered reasonable by management at the time, therecan be no assurance that such assumptions will prove to beaccurate.
There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents 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, results of negotiations, general economic,market or business conditions, regulatory changes, timeliness ofgovernment or regulatory approvals, the outcome of litigation andother risks detailed herein and from time to time in the filings madeby the Company with securities regulators.
Although the Company has attemptedto identify important factors that could cause actual results todiffer materially from those contained in the forward-lookinginformation or implied by forward-looking information, there may beother factors that cause results not to be as anticipated, estimatedor intended. There can be no assurance that forward-lookinginformation and statements will prove to be accurate, as actualresults and future events could differ materially from thoseanticipated, estimated or intended. Accordingly, readers should notplace undue reliance on forward-looking statements orinformation.
The Company expressly disclaims anyintention or obligation to update or revise any forward-lookingstatements whether as a result of new information, future events orotherwise except as otherwise required by applicable securitieslegislation.
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'scurrent belief or assumptions as to the outcome and timing of suchfuture events. 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 expectationsinclude risks 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.
The Company expressly disclaims anyintention or obligation to update or revise any forward-lookingstatements whether as a result of new information, future events orotherwise except as otherwise required by applicable securitieslegislation.
Copyright (c) 2026 TheNewswire - All rights reserved.
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