Teuton Resources Reports 8th set of Drill Results from Treaty Creek; Strong Gold-Copper Porphyry Mineralization Intersected in Northernmost Step-Out; 1.82 g/t AuEq over 114.0 Metres within 592.5 Metres of 1.16 g/t AuEq
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – NOVEMBER 1, 2022
Teuton Resources Reports 8th set of Drill Results from Treaty Creek;
Strong Gold-Copper Porphyry Mineralization Intersected in Northernmost Step-Out;
1.82 g/t AuEq over 114.0 Metres within 592.5 Metres of 1.16 g/t AuEq
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TFE"- Frankfurt) has received the eighth set of drill results f rom its Joint Venture Partner, Tudor
Gold, with respect to the 2022 exploration program at the Treaty Creek property. The property is
located in the heart of the Golden Triangle of northwestern British Columbia , adjoining and on
geological trend with Seabridge Gold’s KSM property and Newcrest Mining’s Brucejack property.
Ken Konkin, President and CEO of Tudor Gold, commented: “Our entire team is very pleased to
see the continued success of the exploration program in the northern -most limits of the Goldstorm
Deposit within domain CS600. We continue to intersect pulses of very strong gold and copper
mineralization with 1.82 g/t AuEq (1.04 g/t Au, 5.17 g/t Ag and 0.61% Cu) over a 114-metre (m)
intercept. Precious and base metal values were equally impressive over double th is same
intercept averaging 1.50 g/t AuEq over 235.5 m in hole GS-22-158 and values were comparable to
the hole above this, GS-22-151-W1 with 1.27 G/T AuEq over 300 m. GS-22-158 successfully undercut
GS-22-151-W1 by approximately 100 -150 m and ended in strong copper -gold mineralization as did
GS-22-151-W1. In-fill drilling successfully added confidence with our resource model as GS-22-156
intersected 1.0 g/t AuEq over 294 m within the 300H domain. This intercept was punctuated by
a high-grade gold intercept of 28.7 g/t Au and 16.2 g/t Ag (28.9 AuEq) over 1.5 m near the bottom
of the composite. In addition to increasing our deposit footprint northwards, we were also successful
in expanding mineralization to the southwest with a 100 m step-out drill hole CB -22-01 which
intersected significant near-surface gold values over 168 m that averaged 0.68 g/t AuE q. This
hole was drilled well outside the area of the 2021 initial resource model for the Goldstorm Deposit
demonstrating that mineralization remains open in all directions and to depth. Crews will be wrapping
up the exploration program this week and will be collecting several new composites for metallurgical
tests with samples for petrographic and ore microscopy studies from our Stewart-based core facility.
Our drills have been de-mobilized and both upper and lower camps have been shut down. We have
several drill holes awaiting results from the lab and we will a nnounce these results shortly after we
receive them.”
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation
plan for several areas, including the Goldstorm Deposit and the Eureka and Calm Before the Storm
Zones. Results included in this press release are reported from five diamond drill holes that were
drilled on the Goldstorm Deposit, Copper Belle Deposit, and Konkin Zones (Sections K, L, 98+50 NE
and 94+50 NE). At Goldstorm, one out of two holes were drilled partially or completely outside the
2021 NI 43-101 Mineral Resource Estimate area.
A URL for a Treaty Creek plan map and sections is attached here: corresponding Treaty Creek plan
map and sections).
GOLDSTORM DEPOSIT
SECTION K
• GS-22-156 was drilled as an infill hole within the 300H domain in the area of the footwall of
the Treaty Thrust Fault 1 (TTF1). An intercept of 294.0 m grading 1.0 g/t AuEQ (0.92 g/t Au,
4.38 g/t Ag, 0.02% Cu) was returned with a high-grade segment with 13.5 m grading 5.16 g/t
AuEQ (4.99 g/t Au, 5.17 g/t Ag, 0.09% Cu).
SECTION L
• GS-22-158 was drilled to target the CS600 domain and undercut GS-22-151-W1. An intercept
of the CS600 gold -copper porphyry system was intercepted over a drill length of 592.5 m
averaging 1.16 g/t AuEQ (0.73 g/t Au, 3.17 g/t Ag, 0.34% Cu) with an enriched zone of 1.82
g/t AuEQ (1.04 g/t Au, 5.17 Ag, 0.61% Cu) over 114.0 m. This hole confirms the consistency
of mineralization throughout the porphyry system and that no boundary on the northern side
of the system has been encountered. This hole is lo cated 250 m north of the 2021 mineral
resource estimate. Future exploration will target the northerly extension of this system.
COPPER BELLE DEPOSIT
SECTION 98+50 NE
• CB-22-01 was drilled as a 100 m southeastern step-out hole on the Copper Belle deposit. An
interval of 168.0 m returned 0.68 g/t AuEQ (0.65 g/t Au, 1.97 g/t Ag, 0.01 % Cu) with a high-
grade segment of 4.5 m grading 4.44 g/t AuEQ (4.31 g/t Au, 10.78 g/t Ag). This hole confirms
the continuity of mineralization to the south of Copper Belle and that the deposit remains open.
• CB-22-02 was drilled as a 100 m northwestern step-out hole one the Copper Belle deposit. An
interval of 39.0 m grading 0.65 g/t AuEQ (0.62 g/t Au, 0.72 g/t Ag, 0.02 % Cu). This hole
confirms the continuity of mineralization to the south of Copper Belle and that the deposit
remains open.
KONKIN ZONE
SECTION 94+50 NE
• KZ-22-01 was drilled as an exploration hole to follow up on anomalous gold surface samples.
The hole encountered 46.5 m of 0.53 g/t AuEQ (0.51 g/t Au, 1.36 g/t Ag, 0.01% Cu) as well
as a significant gold interval over 9.0 m of 3.60 g/t AuEQ (3.54 g/t Au, 5.32 g/t Ag). The hole
intercepted propylitic and phyllic alteration which could be associated with the Goldstorm
porphyry system or may be related to a separate intrusive event.
Table 1: Drilling Results for Goldstorm, Copper Belle, and Konkin Zone in Press Release
November 1, 2022
Section Hole From
(m) To (m) Interval
(m) Au (g/t) Ag (g/t) Cu
(ppm)
AuEQ
(g/t)
94+50
NE KZ-22-01 90.50 96.5 6.00 2.29 4.14 103 2.35
And 164.00 210.5 46.50 0.51 1.36 69 0.53
And 306.50 315.5 9.00 3.54 5.32 32 3.60
Table 2: Drill data for holes in Press Release November 1, 2022
Section Hole ID UTM E
NAD 83
UTM N
NAD 83
Elevation
(m) Azi (ᵒ) Dip (ᵒ) Depth
(m)
94+50 NE KZ-22-01 427280.30 6271718.71 1748.25 101 -65 672.2
98+50 NE CB-22-01 427665.60 6271972.16 1558.14 120 -60 720
98+50 NE CB-22-01 427663.13 6271974.86 1558.25 300 -60 810
K GS-22-156 428429.03 6272984.18 1373.36 330 -55 716
98+50
NE CB-22-01 21.00 189.0 168.00 0.65 1.97 62 0.68
Including 21.00 96.00 75.00 0.70 2.25 68 0.74
And including 118.50 123.0 4.50 4.31 10.78 26 4.44
And including 147.00 189.0 42.00 0.70 2.03 13 0.72
98+50
NE CB-22-02 322.50 361.5 39.00 0.62 0.72 178 0.65
And 351.00 360.0 9.00 1.27 1.24 193 1.31
K GS-22-156 (300H) 253.50 547.5 294.00 0.92 4.38 214 1.00
Including 526.50 540.0 13.50 4.99 5.17 873 5.16
Or 526.50 528.0 1.50 28.70 16.20 46 28.90
And 622.50 660.0 37.50 0.74 6.72 1192 0.95
And 702.00 716.0 14.00 1.23 2.73 105 1.28
L GS-22-158
(CS600) 793.50 1386 592.50 0.73 3.17 3369 1.16
Including 867.00 945.0 78.00 1.01 5.37 3606 1.50
And 1110.00 1345.5 235.50 0.87 3.98 4887 1.50
Or 1219.50 1333.5 114.00 1.04 5.17 6090 1.82
• 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.
L GS-22-158 428925.03 6273439.09 1397.48 320 -66 1386
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 the Company.
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 Company. He has read and a pproved the scientific and technical
information in regard to the Treaty Creek property that forms the basis for the disclosure contained in
this news release.
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
(Tudor Gold is responsible for paying all exploration costs up until such time as a production decision
is made) and a 0.98% NSR in the Goldstorm deposit area. It also owns numerous additional royalty
interests within the Sulphurests 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 gener ator” 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 release 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 future 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 regulatory 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
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