Teuton Announces Wide Gold Intervals in Two 150 Meter Northeast Step-out Holes at the Goldstorm Deposit, Treaty Creek, Northwestern British Columbia.
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
Teuton Announces Wide Gold Intervals in Two 150 Meter Northeast Step-out Holes at the
Goldstorm Deposit, Treaty Creek, Northwestern British Columbia.
Wedge Hole GS-23-168-W1 Currently at Depth of 1,900 m Drilling Through
A Strongly Mineralized Area of the CS-600 Zone
July 11, 2023 Victoria, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TFE"- Frankfurt) announces that it has received the first set of drill results for the 2023 exploration at
the Treaty Cr eek property, Golden Triangle, northwest British Columbia from its jo int venture partner,
Tudor Gold (Operator of the Treaty Creek Project).
Since the beginning of this year’s Program, Tudor Gold has successfully completed over 12,000 meters (m)
of drilling within areas encompassing the Goldstorm Deposit and the Perfectstorm Zone. The five drill
holes reported in this release are located in the northeastern area of the Goldstorm Deposit. [URLs for a
plan map and cross sections can be found at the end of this release.]
Ken Konkin, President and CEO of Tudor Gold commented as follows: “We are very pleased to report the
discovery of continued strong gold, silver, and copper mineralization outside the previously defined
resource area with 150-m step-out holes GS-23-164 and GS-23-167. The overall strength and consistency
of the Goldstorm system continues to amaze our technical team as the deposit remains open in all
directions and at depth. Our continued success of these critical first-round results has prompted us to build
several more drill pads designed to test all northern aspects to all domains as there appears to be no end
in-sight to the Goldstorm Au -Cu-Ag mineralization as of yet. Equally important was the success of
definition hole GS-23-168 within a vast block of the 300H Domain. The goal is to increase drilling density
to potentially upgrade this large block into the Indicated category from the Inferred category of the
Mineral Resource. GS -23-168 intersected 309.0 m of 1.02 g/t AuE q including an enriched portion
averaging 1.40 g/t AuE q over 204.0 m, with a core of 1.99 g/t AuE q over 75 m. Based on these very
encouraging results, we have decided to pursue the northern aspects of the Goldstorm Deposit with five
drill rigs, leaving one exploration rig to further drill-test the Perfectstorm Zone.”
GOLDSTORM DEPOSIT STEP-OUT DRILLING
SECTION 119+50 NE
GS-23-164, a 150 m northeast step -out was drilled to target the gold -dominant DS -5 Domain.
Mineralization was encountered over a length of 412.5 m grading 1.01 g/t AuEq (0.93 g/t Au, 6.26 g/t Ag,
0.01 % Cu), containing a higher-grade intercept of 124.5 m grading 1.51 g/t AuEq (1.38 g/t Au, 11.54 g/t
Ag, 0.01% Cu) with a very rich segment over 7.5 m of 11.56 g/t AuEq (11.46 g/t Au, 9.34 g/t Ag, 0.01 %
Cu). The DS -5 Domain remains open to the north and n ortheast. Another step -out drill pad was
constructed 150 m to the north of this drill hole to allow continued exploration of the DS -5 Domain and
the gold-copper dominant CS-600 Domain.
GS-23-167, a 150-m northeast step-out of the CS-600 Domain was drilled to expand the domain outside
the northeastern edge of the 2023 Mineral Resource area. The drill hole returned an intercept of 337.5 m
averaging 1.31 g/t AuEq (0.87 g/t Au, 6.89 g/t Ag, 0.32 % Cu) with an enriched zone of 94.5 m averaging
1.80 g/t AuEq (1.14 g/t Au, 9.87 g/t Ag, 0.47 % Cu). Additional step-out drill holes have been completed,
or are currently underway, to continue expanding the CS-600 Domain (GS-23-169, GS-23-170, GS-23-172).
Assays will be released when they are received and reviewed.
GOLDSTORM DEPOSIT DEFINITION AND INFILL DRILLING
SECTION 117+00 NE
GS-23-168: This hole intercepted unexpected 300-H Domain mineralization. Starting at 462 m, an intercept
over a drill length of 309.0 m averaged 1.02 g/t AuE q (0.96 g/t Au, 4.62 g/t Ag, 0.01 % Cu) with an
enriched segment of 27.0 m grading 3.15 g/t AuEQ (3.07 g/t A q, 6.80 g/t Ag, 0.01 % Cu). This hole was
shut down and had a wedge set at 684 m down hole to improve its target of the CS-600 Domain at depth.
This wedged drill hole, GS-23-168-W1, i s currently at a depth of 1900 m, drilling through a strongly
mineralized area of the CS-600 Domain.
GS-23-163, GS-23-165: These drill holes were not sampled and shutdown early due to excessive drill hole
deviation. Their original target was re-drilled as hole GS-23-168.
Table 1: Drilling Results for Goldstorm Deposit in Press Release July 11, 2023
Section Hole From
(m) To (m) Interval
(m) Au (g/t) Ag
(g/t) Cu (%) AuEQ
(g/t)
119+50
NE
GS-23-164 622.50 1035.00 412.50 0.93 6.26 0.01 1.01
including 870.00 994.50 124.50 1.38 11.54 0.01 1.51
including 889.50 897.00 7.50 11.46 9.34 0.01 11.56
and 1117.50 1147.50 30.00 0.95 5.11 0.02 1.02
GS-23-167 880.50 1218.00 337.50 0.87 6.89 0.32 1.31
including 1042.50 1137.00 94.50 1.14 9.87 0.47 1.80
117+00
NE
GS-23-163 Hole abandoned, not sampled
GS-23-165 Hole abandoned, not sampled
GS-23-168 462.00 771.00 309.00 0.96 4.62 0.01 1.02
including 534.00 738.00 204.00 1.32 6.51 0.02 1.40
including 562.50 637.50 75.00 1.94 4.22 0.01 1.99
including 610.50 637.50 27.00 3.07 6.80 0.01 3.15
All assay values are uncut and intervals reflect drilled intercept lengths.
HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals.
The following metal prices were used to calculate the Au Eq metal content: Gold $1800/oz, Ag: $20/oz, Cu:
$3.5/lb. Calculations used the formula AuEq = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185). All metals
are reported in USD and calculations consider recoveries of 90 % for gold, 80 % for copper, and 80 % for silver.
True widths have not been determined as the mineralized body remains open in all directions. Further drilling
is required to determine the mineralized body orientation and true widths.
Table 2: Drill data for holes in Press Release July 11, 2023
Section Hole ID UTM E NAD
83
UTM N NAD
83
Elevation
(m) Azi (ᵒ) Dip (ᵒ) Depth
(m)
119+50 NE GS-23-164 429366 6273405 1182 292 -78 1188
GS-23-167 429026 6273660 1495 300 -76 1218
117+00 NE
GS-23-163 428925 6273439 1397 281 -54 234
GS-23-165 428925 6273439 1397 288 -56 321
GS-23-168 428925 6273439 1397 288 -58.7 1059
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s
President and CEO, Ken Konkin, P .Geo. He has read and approved the scientific and technical information
that forms the basis for the disclosure contained in this news release. Dino Cremonese, P . Eng., is the
Qualified Person for Teuton Resources Corp. and as he is the CEO of Teuton he is not independent of the
Company. Although he has not verified the information conta ined in this release , he has no reason to
doubt its accuracy.
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 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. MSA Laboratories quality system complies with the requirements
for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of Tudor Gold.
About Treaty Creek
Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit,
assembling the core land position in 1985. It presently holds a 20% carried interest in the Treaty Creek
Project (Tudor Gold is responsible for paying all exploration costs up until such time as a production
decision is made and owns a 60% inter est; American Creek Resources owns the remaining 20% interest,
also carried). Additionally, Teuton owns a 0.98% Net Smelter Royalty in the Goldstorm deposit area. It
also owns numerous additional royalty interests within the Sulphurets Hydrothermal system on properties
such as the King Tut, Tuck, High North, Orion, Delta and Fairweather properties.
The Treaty Creek Project hosts the Goldstorm Deposit, comprising a large gold -copper porphyry system,
as well as several other mineralized zones. As disclosed in the March 2023 News Release, the Goldstorm
Deposit has an Indicated Mineral Resource (as defined in NI 43 -101) of 23.37 Moz of AuEq grading 1.13
g/t AuEq (18.75 Moz gold grading 0.91 g/t, 2.18 Blbs copper grading 0.15 %, 112.4 Moz silver grading 5.45
g/t) and an Inferred Mineral Resource (as defined in NI 43-101) of 7.35 Moz of AuEq grading 0.98 g/t AuEq
(5.54 Moz gold grading 0.74 g/t, 0.85 Blb copper grading 0.16 %, 45.08 Moz silver grading 5.99 g/t), with
a pit constrained cut -off of 0.5 g/t AuEq an d an underground cut -off of 0.7 g/t AuEq. The Goldstorm
Deposit has been categorized into three dominant mineral domains and several smaller mineral domains.
The CS-600 domain largely consists of an intermediate intrusive stock and hosts the majority of the copper
mineralization within the Goldstorm Deposit. CS-600 has an Indicated Mineral Resource of 9.86 Moz AuEq
grading 1.10 g/t AuEq (6.22 Moz gold grading 0.70 g/t, 1.98 Blbs copper grading 0.32 %, 51.1 Moz silver
grading 5.71 g/t) and an Inferred Minera l Resource of 3.71 Moz AuEq grading 1.19 g/t AuEq (2.32 Moz
gold grading 0.75 g/t, 0.76 Blb copper grading 0.36 %, 18.71 Moz silver grading 6.01 g/t). The Goldstorm
Deposit remains open in all directions and requires further exploration drilling to determine the size and
extent of the deposit.
1 AuEq = Au g/t + (Ag g/t*0.0098765) + (Cu ppm*0.0001185)
Figures
URL for plan map and cross sections:
http://teuton.com/TreatySections0723
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 , minimizing share equity dilution while at the same time maximizing
opportunity. Earnings provided from option payments (received i n cash and often also in shares of the
optionee companies), have provided substantial income to Teuton.
Interested parties can access information about Teuton at the Company’s website, www.teuton.com.
Respectfully submitted,
"Dino Cremonese, P .Eng."
Dino Cremonese, P . Eng.,
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Barry Holmes
Corporate Development and Communications
Tel. 778-430-5680
Email: [email protected]
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"projected", "estimated" and similar expressions and statements relating to matters that are not hi storical facts
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Important factors that could cause actual results to differ materially from the Company's plans or expectations
include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of
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