Teuton Resources Provides a Review of the 2021 and 2022 Programs Completed at its Treaty Creek Project, Located in the Golden Triangle Region of British Columbia, Canada
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – December 15, 2022
Teuton Resources Provides a Review of the 2021 and 2022 Programs Completed at its
Treaty Creek Project, Located in the Golden Triangle Region of British Columbia, Canada
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TFE"- Frankfurt) has received the following review of the 2021 and 2022 drill programs (the
“Programs”) completed at its Treaty Creek gold -copper project (the “ Property”) by Joint Venture
partner, Tudor Gold. The Property is located in the heart of the Golden Triangle of northwestern British
Columbia, adjoining and on geological trend with S eabridge Gold’s KSM property and Newcrest
Mining’s Brucejack property.
The objective of the drill programs in 2021 (totalling 30,108 meters (m) over 30 drill holes) and 2022
(totalling 42,318 m over 55 drill holes ) at Treaty Creek was to complete an aggressive resource
expansion and delineation plan on the Goldstorm Deposit. In addition, reconnaissance drilling was
conducted and resulted in several discoveries at the Perfectstorm (PS), Eureka (EZ) and Calm Before
the Storm (CBS) zon es. Despite drilling over 70,000 m at Treaty Creek since the initial mineral
resource estimate, the Goldstorm Deposit remains open to the south, north, northeast and at depth.
(See below at the end of the release to review a table of previously reported dr ill intercepts from the
Programs. Click the following link to view: http://teuton.com/TCdrillinghiglights.
Highlights of the 2021 and 2022 drill programs include:
• Excellent results from infill and step-out drilling, which consistently encountered stronger
than expected gold, copper and silver mineralization outside the previously defined resource
area of the Goldstorm Deposit to depth and along the northeastern axis by at least 500 m to
the north and northeast. Drill holes in this area were observed to intercept higher grades than
those derived from the 2021 Initial Mineral Resource Estimate;
• Extended hole GS-21-113-W2 by 280.1 m, which intercepted higher gold and copper grades
at depth within the northern step -out area of the Goldstorm Deposit. This hole returned an
intercept of 1,497.5 m of 1.12 g/t AuE q (0.76 g/t Au, 3.70 g/t Ag, 0.27 % Cu) with the
strongest mineralization occurring between 1520 m and 1688 m down hole, averaging 2.48
g/t AuEq (1.41 g/t Au, 9.07 g/t Ag, 0.82 % Cu) over 168 m;
• Drilled a number of new high-grade intercepts bearing visible gold mineralization within
and outside the boundaries of the Goldstorm Deposit, most notably hole GS -22-134, which
returned 20.86 g/t AuEq (20.61 g/t Au, 1.50 g/t Ag, 0.20 % Cu) over 4.5 m within a 25.5 m
zone of 9.96 AuEq (9.66 g/t Au, 1.23 g/t Ag, 0.24 % Cu) , and displayed 17 occurrences of
visible gold within quartz-pyrite stockwork veins;
• Encountered stronger than expected copper grades within the CS600 domain of the
Goldstorm Deposit, most notably hole GS-22-159 which returned an intercept of 1.71 g/t AuEq
(0.92 g/t Au, 6.10 g/t Ag and 0.61 % Cu) over 180 m. This drill hole ended in strong copper
mineralization centred on a much larger composite of 489.0 m averaging 1.12 g/t AuEq (0.66
g/t Au, 3.60 g/t Ag, 0.36 % Cu);
• Confirmed the discovery of a new mineralized zone known as Route 66 located in the
southern portion of the Goldstorm Deposit. This new higher -grade gold zone was initially
intercepted in 2020 by hole GS-20-66 and was followed up in 2022 by hole GS-22-135; a 100
m step-out hole which intercepted the up-dip expression of the zone, returning 1.42 g/t AuEq
over 55.5 m (1.38 g/t Au, 1.03 g/t Ag, 0.02 % Cu);
• Improved the definition and spatial continuity of the Goldstorm porphyry system which
is comprised of four separate mineral domains over an area that measures approximately
2,500 m in length, 1,000 m in width and 1,400 m in depth. The Goldstorm Deposit remains
open to the south, north, northeast and at depth;
• New drill discoveries made at Perfectstorm, Calm Before the Storm and Eureka zones
with several diamond drill holes intercepting significant gold, copper and silver mineralization.
These holes will be followed up by subsequent exploration programs, but the priority will be to
drill off the limits to the Goldstorm Deposit for 2023.
Ken Konkin, President and CEO of Tudor Gold, commented as follows: “Over the past two years,
we have seen significant expansion to our Goldstorm Deposit during these very successful drill
campaigns, particularly in the northern aspect of the deposit. Additionally, we exposed significant
precious metal values in three o ther bulk -tonnage targets: Eureka, Calm Before the Storm and
Perfectstorm. Perfectstorm is the largest of these three targets and is located equidistant between the
Goldstorm Deposit and Seabridge Gold’s Iron Cap Deposit, a mere three kilometers from each of
those deposits. The Treaty Creek project continues to hold incredible geological potential for discovery
of several large intrusive-related and porphyry-type targets. One of the biggest highlights of the 2021-
2022 drilling programs was discovery of a structural corridor located in northern aspect of the step-out
drilling which hosts significant fine -grained to coarse-grained visible native gold. In drill hole GS -22-
134, our geologists observed 17 grains of native gold over 4.5 m that averaged 20.86 AuEq (20.61
g/t Au, 1.50 g/t Ag, 0.20 % Cu) . We have not specifically targeted this high -grade corridor, yet
numerous drill holes intersected visible gold within the northern aspect to the step -out drilling, this is
something we did not expect. We look forward to continuing the step -out drilling in 2023. One very
important aspect to consider with the Goldstorm Deposit is that not only are the gold -copper-silver
composites grades increasing to the north, but we are maintaining a very high -level of grade
consistency throughout this area. As the saying goes: if grade is king of the deposit, then surely
consistency should be queen; we clearly have demonstrated that we have excellent consistency
throughout the entire deposit.”
Results from the 2021 and 2022 drill programs will be included in the next updated Mineral Resource
Estimate on the Goldstorm Deposit, which is anticipated to be released in the first half of 2023. Tudor
Gold’s objective is to optimize the current Mineral Resource by concentrating on higher grad es to
increase the overall quality of gold, silver, and copper resources. As a result, Tudor Gold is focused
on delivering an enhanced Mineral Resource Estimate on the Goldstorm Deposit which will improve
the overall prospects of the Treaty Creek Project a s it advances towards a Preliminary Economic
Assessment (PEA).
Dino Cremonese, P . Eng., President and CEO of Teuton comments: “This is an excellent review of the
work completed since the maiden Mineral Resource Estimate published on March 9, 2021. Results
from the 70,000 m drilled since then are expected to materially expand resources. I would like to take
this opportunity to thank Tudor Gold and Ken Konkin for doing an outstanding job; thanks also go to
the-diamond drillers, More Core Drilling and Hy -tech Drilling, Yellowhead Helicopters, and Tudor
Gold’s geological and support staff.”
Table 1. Select Drilling Highlights from the Goldstorm Deposit at Treaty Creek (Completed in
2021 and 2022)
Hole Purpose Zone(s) From
(m) To (m) Interval
(m)
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
AuEq
(g/t)
GS-21-110 Infill DS5 598.5 1072.5 474.0 0.98 3.99 75 1.04
Including 853.5 1069.5 216.0 1.62 6.88 101 1.71
With 898.5 1029.0 130.5 2.29 7.83 106 2.39
GS-21-113 Step-
out 300H + CS600 255.0 1227.0 972.0 0.91 3.66 2647 1.27
Including
(300H) 255.0 711.0 456.0 1.30 3.34 101 1.35
With 552.0 699.0 147.0 2.56 7.04 78 2.65
And including
(CS600) 822.0 1227.0 405.0 0.65 4.64 6179 1.44
With 892.5 1165.5 273.0 0.77 5.50 8436 1.83
GS-21-116 Infill 300H + CS600 296.0 1388.0 1092.0 0.52 2.84 1653 0.75
Including
(300H) 318.5 534.5 216.0 0.72 3.97 352 0.81
With 477.5 534.5 57.0 1.18 6.79 501 1.32
And including
(CS600) 1040.0 1388.0 348.0 0.62 3.42 4379 1.18
With 1080.5 1341.5 261.0 0.70 2.99 5521 1.39
GS-21-119 Step-
out DS5 726.0 1290.0 564.0 0.96 8.45 244 1.09
Including 861.0 1057.5 196.5 1.62 10.31 153 1.76
GS-21-124 Infill 300H 33.0 1122.0 1089.0 0.69 3.18 195 0.75
Including 33.0 509.1 476.1 1.02 3.68 225 1.09
With 378.0 504.0 126.0 1.42 3.62 311 1.50
GS-22-133 Step-
out 300H 670.5 711.0 40.5 1.35 0.63 24 1.36
CS600 804.0 1404.0 600.0 0.60 2.35 2414 0.91
Including 1081.5 1318.8 237.3 0.89 3.97 4895 1.51
GS-21- Step- 300H + CS600 255.0 1752.5 1497.5 0.76 3.70 2685 1.12
113-W2 out
300H 255.0 352.5 97.5 1.25 2.16 78 1.28
CS600 1019.0 1751.0 732.0 0.91 5.65 5314 1.60
Including 1520.0 1688.0 168.0 1.41 9.07 8153 2.48
GS-22-139 Step-
out DS5 714.0 1152.0 438.0 0.96 7.33 171 1.07
Including 735.0 907.4 172.4 1.17 13.57 283 1.36
And 997.5 1112.0 114.5 1.21 3.23 74 1.26
GS-22-146 Infill 300H 168.5 686.0 517.5 1.02 4.17 285 1.10
Including 582.5 684.5 102.0 2.48 8.88 491 2.64
With 672.5 683.0 10.5 8.77 62.44 410 9.55
CS600 1274.0 1362.5 88.5 1.85 2.39 1843 2.10
Including 1275.5 1299.5 24.0 4.50 1.10 1740 4.72
GS-22-154 Step-
out 300H 418.5 598.5 180.0 1.97 3.72 124 2.02
Including 429.0 522.0 93.0 3.12 4.59 101 3.18
With 438.0 495.0 57.0 4.30 5.91 96 4.38
Or 438.0 453.0 15.0 7.76 6.48 63 7.84
CS600 1251.0 1450.5 199.5 0.45 6.01 4366 1.04
Including 1299.0 1398.0 99.0 0.52 8.83 5686 1.30
GS-22-158 Step-
out CS600 793.5 1386.0 592.5 0.73 3.17 3369 1.16
Including 867.0 945.0 78.0 1.01 5.37 3606 1.50
And 1110.0 1345.5 235.5 0.87 3.98 4887 1.50
With 1219.5 1333.5 114.0 1.04 5.17 6090 1.82
GS-22-159 Step-
out 300H 651.0 726.0 75.0 1.56 4.90 82 1.63
Including 667.5 679.5 12.0 4.76 11.32 94 4.91
CS600 1140.3 1629.0 489.0 0.66 3.60 3574 1.12
Including 1291.5 1471.5 180.0 0.92 6.10 6131 1.71
• 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 $1625/oz, Ag:
$19/oz, Cu: $2.8/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.01169) + (Cu%
x 1.1815). All metals are reported in USD and calculations do not consider metal recoveries.
• 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.
Qualified Person
The Qualified Person for the Treaty Creek technical information in this news release is Tudor Gold’s
President and CEO, Ken Konkin, P .Geo. Mr. Konkin is also a director of Teuton Resources and as
such is not independent of the Comp any. He has read and approved the scientific and technical
information in regard to the Treaty Creek property that forms the basis for the disclosure contained in
this news release.
QA/QC
Diamond drill core samples were prepared at MSA Labs’ Preparation L aboratory 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 the Company.
About the Treaty Creek Property
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 Treaty Creek
and American Creek Resources holds the final 20% carried interest (Tudor Gold is responsible for
paying all exploration costs up until such time as a production decision is made and currently owns a
60% working interest). Teuton also owns a 0.98% NSR 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. Interested parties can
access information about Teuton at the Company’s website, www.teuton.com.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest
British Columbia and was one of the first companies to adopt what has since become known as the
“prospect generator” model. This model minimizes share equity dilution while at the same time
maximizing opportunity. Earnings provided from option payments (received in cash and often also in
shares of the optionee companies), has provided Teuton with substantial income over the years.
On Behalf of the Board of Directors of Teuton Resources:
"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
Director Corporate Development and Communications
Tel. 778-430-5680
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press relea se constitute forward -looking information. These
statements relate to future events or future performance. The use of any of the words "could", "intend",
"expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking information and are based
on the Company's current belief or assumptions as to the outcome and timing of such future events.
Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and fu ture events could differ materially from
those anticipated in such statements. 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 equipment breakdowns and delays,
exploration cost overruns, availability of capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or regul atory approvals and other risks
detailed herein and from time to time in the filings made by the Company with securities regulators.
The Company expressly disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.