GOLD Results from First 4 Holes of 27 Drilled into the Copper Belle Zone-- Treaty Creek Property, Golden Triangle, British Columbia
TEUTON RESOURCES CORP.
2130 Crescent Road
Victoria, BC
V8S 2H3
778-430-5680
Website: www.teuton.com
GOLD RESULTS FROM FIRST 4 HOLES OF 27 DRILLED INTO THE COPPER BELLE ZONE--
TREATY CREEK PROPERTY, GOLDEN TRIANGLE, BRITISH COLUMBIA
Vancouver, BC – October 16, 2017 – Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-
TSX-V) ("TUC"-Frankfurt) is pleased to announce gold results from the first four holes of a total of 27 drilled
into the Copper Belle zone within the Treaty Creek property, located in the Golden Triangle of northwestern
British Columbia. Teuton holds a 20% carried interest in the property (carried until a production decision is
made) as well as various NSR interests. Tudor Gold is the Operator and owns a 60% interest.
CB-17-04, the first step -out hole drilled this year on the Copper Belle zone, intersected 176.2 meters of
continuous mineralization which returned 0.80 g/t gold from 152.1 to 328.5 meters depth. Hole CB-17-04 was
collared 40 mete rs north of CB -16-03 (which was drilled in 2016 and returned 338 meters of 0.70 g/t
gold). Drill results for all of the first four holes are summarized below:
Drill
Hole
From - To
(metres)
Interval*
(metres)
Copper
(%)
Silver
(g/t
Gold
g/t
CB-17-04 152.10 to 328.50 176.20 0.008 1.0 0.801
Including….
152.10 to 180.60 28.50 0.010 2.0 1.071
192.70 to 202.80 10.10 0.007 1.3 2.897
CB-17-05 98.20 to 102.30 4.10 0.012 2.3 0.926
CB-17-06 182.50 to 592.50 410.00 0.037 3.1 0.672
CB-17-07 161.00 to 530.00 369.00 0.032 2.4 0.686
Including…
203.00 to 246.50 43.50 0.142 11.88 1.810
507.50 to 530.00 22.50 0.036 3.7 1.494
* - True widths of the mineralization have not been determined
Results from subsequent drill holes from the 2017 drill program at Copper Belle are still pending. Almost all
holes into the Copper Belle to date have intersected long intervals of mineralization to depth. Drill holes were
targeted oblique to the northwe sterly plunge of the main mineralized zone. The drill program was designed
with approximately 50 meter step-outs across the mineralized zone to create a block of delineated mineralization
for a preliminary resource estimate. All drill holes were down hole surveyed at 25 metre stations using a Reflex
Multi-shot device.
The Copper Belle resource estimate will use data from 27 holes from 2017, three holes from 2016, 17 holes
from 2009 and 10 holes from 2007, for a total of 22,970 meters drilled. These drill holes cover an area of
approximately 250 meters wide by a kilomet er long. Copper Belle zone mineralization remains open in all
directions and to depth.
The magnetotelluric geophysical survey program (“MT Survey”) that was implemented in 2016 has been
effectively utilized as a guide for the 2017 drill program. The MT Survey suggests that the mineralization
continues to the south, toward the Iron Cap deposit of Seabridge Gold Inc. The MT Survey also suggests that
the mineralized zone continues in all directions. The 2017 drill program site is located five kilometers north of
the Iron Cap deposit and Tudor intends to step out to the south in its 2018 program to see if it can determine a
relationship between the two areas.
Walter Storm, President and CEO, stated: “We are very pleased with these early drill results at C opper Belle
because they demonstrate both grade, continuity and the immense size of this pervasively mineralized
system. Two major faults control the mineralization which strikes southwest -northeast and dips to the
northwest. Our exploration team is effe ctively following the mineralization using 50 meter step -outs, which
will help ensure we have the data density for our planned mineral resource estimates.”
Dino Cremonese, P.Eng., President of Teuton Resources, commented as follows: “It is also gratifying to see a
higher grade section within one of the intervals, carrying elevated copper and silver values along with the gold.
The 43.50 metre sub-interval in Hole CB-17-07 registers a gold equivalent** value of 2.20 g/t gold when you
take into consideration the copper and silver credits, a 21.5% increase in just the gold values alone (**Gold at
$1303/oz; Silver at $17.35/oz; Copper at $3.164/lb; assumes 100% recovery).”
Drill hole samples were assayed by Activation Laboratories Ltd. in Kamloops, BC. Analytical accuracy and
precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at
regular intervals into the sample stream by Tudor Gold personnel. Activation Laboratories quality system
complies with the requirements for the International Standards ISO 17025: 2005.
The main technical data in this news release was reviewed by by James McCrea, P.Geo., Tudor Gold’s
geologist, for the purposes of National Instrument 43-101. The Qualified Person for this news release is Dino
Cremonese, P.Eng., who as President of Teuton is not independent of the Company. Mr. Cremonese has not
verified the accuracy of the technical data but believes that it is reliable.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwestern
British Columbia and was one of the first companies to adopt what has since become known as the “prospect
generator” model. Eleven of its properties are currently under option and cash proceeds from these options have
exceeded $1.45 million in the past two years, not including the value of shares received from the optioning
companies. Shareholders and other interested parties can access information about Teu ton at the Company’s
website, www.teuton.com.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
For more information contact Investor Relations at 778-430-5680 or [email protected]. If you would like to
be added to Teuton’s news distribution list, please send your email address to [email protected]
This news release includes certain forward -looking statements concerning the future performance of our
business, its operations and its financial performance and condition, as well as management’s objectives,
strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”,
“will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words r eferring to future events and
results. Forward-looking statements are based on the current opinions and expectations of management. All
forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and
uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity
prices, competitive risks and the availability of financing, as described in more detail in our recent securities
filings available at www.sedar.com. Actual events or results may differ materially from those projected in the
forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp.
does have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.