Teuton Reports 70.96 G/T AuEq over 1.0 Meter Within 39.15 G/T AuEq over 2.0 Meters (GS-22-143) with a 225 Meter Northeast Step-Out Hole from the 2021 Drilling at the Goldstorm Deposit
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – JULY 26, 2022
TEUTON REPORTS 70.96 G/T AUEQ OVER 1.0 METER WITHIN 39.15 G/T AUEQ OVER 2.0
METERS (GS-22-143) WITH A 225 METER NORTHEAST STEP-OUT HOLE FROM THE 2021
DRILLING AT THE GOLDSTORM DEPOSIT, TREATY CREEK PROPERTY , BC
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TFE"- Frankfurt) has received assay results from its Joint Venture partner, Tudor Gold Corp., on
the next set of drill results from the Phase l work 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 and Director of Teuton , commented as follows:
“We are extremely pleased to report this second consecutive high -grade, visible gold intercept from
our northeastern step -out drilling. This 70.96 g/t AuEQ intercept over one meter is now [the]
highest single gold grade intercept of the project. The unique aspect of the two-meter composite
of 39.15 g/t AuEq and the 4.5 meter visible gold composite from GS -22-134 that averaged 20.86 g/t
AuEQ is that they both appear to have similar modes of occurre nce that resembles the gold
mineralization at the Valley of Kings (VOK) Deposit at Newcrest’s Brucejack Lake Mine adjacent to
our southern border.* Most of the free-gold mineralization at the Goldstorm Deposit is associated with
quartz-pyrite veinlets but it also appears as fine disseminated grains of free visible gold within host
rock as observed in this high -grade intercept within GS -22-143. This may be a colloidal -type
mineralization which is also observed at the Brucejack Lake Mine. Gold mineralization at the VOK
Deposit occurs as electrum, however the visible gold found at the Goldstorm Deposit occurs as native
gold. As with the discovery of R -66 to the southeast, these new high -grade gold intercepts may be
completely different pulses of mineralization that can occur outside the known limits of the porphyry
style of gold mineralization. Clearly more drilling is required to better understand the grade distribution
and consistency within the northeastern portion of the Goldstorm Deposit.”
*While working for Pretium Resources, Mr. Konkin was instrumental in the discovery of the Valley of
Kings deposit at the Brucejack Lake mine, an eight-million-ounce gold deposit currently in production
(Pretium was recently purchased by Newcrest Mining). He spent seven years managing all aspects of
the exploration programs at Snowfield -Brucejack. During his tenure with Pretium, the company
received the Bill Dennis award in 2013 recognizing an important and significant mineral discovery in
Canada with potential economic viability (presented by the Prospectors & Developers Association of
Canada); Mr. Konkin was also the co -recipient of the prestigious H.H. “Spud” Huestis award for
“excellence in prospecting and mineral exploration in B.C. and/or Yukon” in 2017 . Mineralization as
described on the Brucejack property of Newcrest Mining is not necessarily indicative or representative
of the mineralization that may be hosted at Treaty Creek.
The Program at the Treaty Creek property includes an aggressive resource expansion and delineation
plan on several areas including the Goldstorm Deposit and the Eureka and Calm Before the Storm
zones. Results included in this press release include preliminary results from one diamond drill hole
from the Goldstorm Deposit that was targeted outside the 2021 mineral resource area (see end of
press release for URLs for plan map and sections).
GOLDSTORM DEPOSIT
SECTION B
• GS-22-143 stepped out 225 m to the northeast from the 2021 drilling and targeted 300H and
CS600 mineralization. A high-grade interval of 39.15 g/t AuEq over 2.0 m was intercepted
in an area that spatially lines up with the 300H mineral domain, however, is interpret ed as
potentially being a separate mineralization event. Visible gold was found hosted within the
fabric of the host rock.
Table 1: Drilling Results Goldstorm and CBS in Press Release July 26, 2022
Table 2: Drill data for holes in Press Release July 26, 2022
Section Hole ID
UTM E
NAD 83
UTM N
NAD 83
Elevation
(m) Azi (ᵒ) Dip (ᵒ)
Depth
(m)
B GS-22-143 429047.0 6273269.0 224.0 312 -50
1215.25
(1)
(1) Preliminary assays reported to 985.5 m in this press release. Complete results to be
released in the following press release.
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. Mr. Konkin is also a director of Teuton Resources
and as such is not independent of the Company. He has read and approved the scientific and technical
information that forms the basis for the disclosure contained in this news release.
Section Hole From
(m) To (m) Interval
(m) Au (g/t) Ag (g/t) Cu
(ppm)
AuEq
(g/t)
B GS-22-143 (300H) 559.00 561.00 2.00 38.90 15.96 531 39.15
Including 559.00 560.00 1.00 7.20 6.99 490 7.34
And including 560.00 561.00 1.00 70.6 24.93 572 70.96
And (300H) 733.50 760.50 27.00 1.05 1.56 473 1.13
And (300H) 861.00 890.50 29.50 0.90 0.99 841 1.01
• 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.
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.
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, both in cash and in shares
of the optionee companies over the past 6 years, has provided Teuton with substantial income.
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
(carried 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.
URL for various maps:
http://teuton.com/GSNR1
http://teuton.com/GSNR2
http://teuton.com/GSNR3
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 uncert ainties. 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
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.