Teuton Reports 1.91 g/t Gold Eq. Over 85.4 M in Step-out Hole GS-21-125 and Significantly
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – JANUARY 12, 2022
Teuton Reports 1.91 g/t Gold Eq. Over 85.4 M in Step-out Hole GS-21-125 and Significantly
Extends Gold-Copper Mineralization of the Goldstorm Deposit to the Northeast
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TFE"- Frankfurt) has received from its joint venture partner, Tudor Gold Corp., the final drill results
from the 30,108 meter, 2021 resource expansion and definition drilling program on the Goldstorm
Deposit and Calm Before the Storm Zone (CBS), as well as surface sampling results from the Eureka
Zone, at its flagship property, Tr eaty Creek (the “Project”), located within the Golden Triangle of
Northwest British Columbia.
Included in this press release are the results of three diamond drill holes that were completed at the
Goldstorm Deposit along sections 113+00 NE and 118+00 NE, 500 metres apart, as well as the third
exploration diamond drill hole at the recently discovere d Calm Before the Storm Zone. Results of a
continuous surface channel sample line completed at the Eureka Zone are also included.
The Copper Belle-Goldstorm Deposit (CB-GS) is situated only five kilometers northeast and on trend
from Seabridge Gold’s KSM deposits, which comprise one of the largest undeveloped gold and copper
projects in the world. The CB -GS Deposit currently hosts a 1*NI 43 -101 compliant Measured and
Indicated Mineral Resource of 19.4 million ounces of AuEq grading 0.74 g/t AuEq and an In ferred
Resource of 7.9 million ounces of AuEq grading 0.79 g/t AuEq (see Teuton Resources press release
dated March 9, 2021).
Drilling and Surface Sampling Highlights include:
GOLDSTORM
• GS-21-125 intercepted the DS5 domain, which averaged 0.82 g/t AuEq over 258.0 m ,
including 1.91 g/t AuEq over 85.4 m . The hole ended in gold -copper mineralization as
unstable ground conditions prevented the completion of the hole.
• GS-21-127, the farthest northeast s tep-out hole completed to date (approximately 200 m
northeast of GS-21-119), targeted the deep DS5 domain. This hole successfully intersected
the top of DS5 and ended in mineralization before being shut down due to poor field conditions.
Results include 0.75 g/t AuEq over 46.5 m and 0.43 g/t AuEq over 70.0 m, which extended
to the end of the hole. This target will be re-drilled in 2022.
• GS-21-128 targeted the easterly extension of the CS600 and DS5 domains. The hole
intercepted 0.61 g/t AuEq over 43.9 m within CS600. The hole ended in mineralization as
field conditions prevented completion of the hole; the final 17.6 m averaged 1.31 g/t AuEq .
This intersection is currently interpreted to be the upper part of DS5 and plans are to re -drill
this target in 2022.
1 * In April 2021 Tudor published a NI 43-101 technical report, “Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold
Property, Skeena Mining Division, British Columbia Canada” dated March 1, 2021 on Tudor Gold’s Sedar profile.
CALM BEFORE THE STORM
• CBS-21-03 returned a near -surface interval that graded 0.85 g/t AuEq over 25.5 m and a
second significant interval of mineralization farther down the hole that averaged 0.61 g/t AuEq
over 33.15 m, with an enriched mineralized core of 0.94 g/t AuEq over 10.0 m.
• CBS-21-03 confirms that gold mineralization is gaining strength westward and to depth.
EUREKA SURFACE SAMPLING
• Channel sample line EK-21-CHN-01 extended the Eureka Zone 300 m to the north of
previous drilling intercepts with a continuous surface sample line returning 0.72 g/t AuEq
over 139.0 m, including 1.01 g/t AuEq over 69.0 m.
• Plans for 2022 include drilling the area beneath this channel sample line, as well as testing
the current model that Eureka may be the eastern extension to surface of the DS-5 domain
of the Goldstorm Deposit.
Tudor Gold’s President and CEO, Ken Konkin, P.Geo., stated: “We are pleased to have completed
the 2021 exploration season on a very positive note, having demonstrated that the Goldstorm Deposit
still remains open in all directions and at depth. We have significantly expanded the Goldstorm system
to the northwest, north, northeast and southeast, in addition to reporting some of our longest and
strongest gold-copper mineralized intercepts that surpassed even the results obtained from last years’
extremely successful drill program. Our primary goal is to define the ultimate limits of gold -copper-
silver mineralization of the Goldstorm Deposit so we can determine the final resource estimate. We
are committed to increasing our efforts for 2022 to achieve this goal.
Exploration in other areas of the Property demonstrated that the Eureka System continues 300 meters
to the north from our well-mineralized exploration drill hole EK-21-01 (Press Release September 28th,
2021) that confirmed the near-surface presence of a large gold target. Other notable achievements of
2021 were the successful expansion of the Perfect Storm System, located two kilometres southwest
of Goldstorm, and the discovery of the Calm Before the Storm (CBS) system located two kilometres
northeast of the Goldstorm Deposit. The Treaty Creek project has now ballooned with the addition of
these three new drill targets that will be explored in tandem with definition drilling of the Goldstorm
deposit limits in 2022. Our geological team is currently focussing their efforts over the next few weeks
to complete the plans for the proposed 2022 diamond drill program. Leading the geological team is
our new Vice President of Resource Development, Ms. Natalie Senger (P.Geo.). It’s very rewarding
for me to see the professional development and advancement of such a deserving geoscientist, who
I have had the pleasure of working with during my career.”
The complete list of the above reported composited drilling results for Goldstorm and CBS, as well as
the drill hole data, including hole location, elevation, depth, dip and azimuth, are provided in Table 1
and Table 2, respectively. Rock channel sample results from Eureka trenching are shown in Table 3.
Please click on the following link to view (Plan Map and Cross Section s for the drilling and surface
samples reported in this news release): TreatyMaps0122
D. Cremonese, P. Eng., President of Teuton Resources, commented as follows: “ 2021 was another
very successful year of exploration at Treaty Creek. As well as achieving one of the longest
mineralized drill intersections in the entire Sulphurets region , 0.97 g/t Gold Eq. Over 1,320m in Hole
GS-21-113-W2, the Tudor Gold crew also expanded the Perfect Storm and Eureka zones. In addition,
they drilled a new gold and silver bearing zone north-east of the Goldstorm called the Calm Before the
Storm. Closing off the year was a very significant surface discovery in an area north of the traditional
Eureka mineralization which holds much promise as another source of open pit material to
complement the bulk -caving mineralization found at depth. Let me take this opportunity to thank
Walter Storm, Ken Konkin, Natalie Senger, Sean Pownall and Charlie M ooney of Yellowhead
Helicopters for a job well done.”
Table 1: Drilling Results Goldstorm and CBS Zone in Press Release January 11th, 2022
Table 2: Drill data for holes in Press Release January 11th, 2022
Section Hole ID UTM E NAD 83 UTM N NAD 83 Elevation (m) Azi (ᵒ) Dip (ᵒ) Depth (m)
113+00 NE GS-21-128 429037.0 6272847.0 1233.8 295 -85 421.6
118+005 NE GS-21-125 429209.5 6273224.9 1208.1 300 -83 1292.4
118+00 NE GS-21-127 429265.2 6273285.7 1202.1 305 -75 691.0
A - 180 CBS-21-03 430615.0 6273884.0 975.0 160 -45 312.25
Table 3: Surface Sample Results in Press Release January 11th, 2022
Sample Zone UTM E NAD 83 UTM N NAD 83 Elevation (m) Type Length
Au
(g/t)
Ag
(g/t)
Cu
(ppm)
AuEQ
(g/t)
X557249 Eureka 429712.97 6272502.02 1268.72 CHANNEL 1.50 0.89 21.52 1230 1.29
X557247 Eureka 429715.74 6272503.17 1269.54 CHANNEL 1.50 0.30 10.04 5080 1.02
X557213 Eureka 429766.03 6272507.09 1277.47 CHANNEL 1.50 1.32 3.86 76 1.38
X557207 Eureka 429774.88 6272508.75 1279.68 CHANNEL 1.50 0.93 4.79 208 1.01
X557300 Eureka 429777.82 6272509.33 1280.34 CHANNEL 1.50 3.58 4.86 112 3.65
X557299 Eureka 429779.29 6272509.62 1280.60 CHANNEL 1.50 1.39 2.68 148 1.44
Section Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (ppm) AuEQ (g/t)
113+00 NE GS-21-128(1) 162.10 206.00 43.90 0.56 2.31 162 0.61
And (DS5) 404.00 421.60 17.60 1.25 4.27 55 1.31
118+00 NE GS-21-125(1) 675.00 702.00 27.00 1.67 2.06 45 1.70
And (DS5) 910.50 1168.50 258.00 0.72 7.06 150 0.82
Including 949.50 1034.90 85.40 1.69 15.62 299 1.91
And (DS5) 1221.00 1292.40 71.40 0.67 7.25 849 0.85
Including 1275.00 1292.40 17.40 1.69 7.17 555 1.84
118+00 NE GS-21-127(1) 489.00 535.50 46.50 0.72 2.49 77 0.75
And (DS5) 621.00 691.00 70.00 0.36 4.69 130 0.43
A - 180 CBS-21-03 8.00 33.50 25.50 0.84 0.76 22 0.85
And 150.50 183.65 33.15 0.53 5.96 86 0.61
Including 156.00 166.00 10.00 0.84 7.89 52 0.94
Eureka Plan GS-21-CHN-01 0.00 139.00 139.00 0.58 7.19 485 0.72
Including 68.50 137.50 69.00 0.86 8.54 392 1.01
(1) Hole ended in mineralization, shut down due to drilling issues.
• 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.
X557297 Eureka 429782.24 6272510.18 1281.31 CHANNEL 1.50 1.11 3.74 634 1.23
X557296 Eureka 429783.72 6272510.44 1281.65 CHANNEL 1.50 1.01 2.32 278 1.07
X557293 Eureka 429788.15 6272511.24 1283.20 CHANNEL 1.50 1.31 7.85 92 1.42
X557292 Eureka 429789.62 6272511.51 1283.46 CHANNEL 1.50 2.02 5.95 81 2.10
X557290 Eureka 429792.45 6272512.50 1283.45 CHANNEL 1.50 0.92 3.25 479 1.01
X557289 Eureka 429793.90 6272512.90 1283.75 CHANNEL 1.50 1.46 4.63 944 1.63
X557288 Eureka 429795.34 6272513.31 1283.87 CHANNEL 1.50 1.07 2.47 452 1.16
X557285 Eureka 429799.76 6272514.14 1284.53 CHANNEL 1.50 0.84 27.33 5851 1.85
X557284 Eureka 429801.25 6272514.35 1285.10 CHANNEL 1.50 2.25 8.56 775 2.44
X557283 Eureka 429802.74 6272514.55 1285.73 CHANNEL 1.50 1.23 12.14 945 1.49
X557279 Eureka 429808.69 6272515.28 1287.91 CHANNEL 1.50 0.68 97.64 2161 2.08
X557267 Eureka 429826.59 6272517.12 1289.80 CHANNEL 1.50 1.36 72.53 141 2.22
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. Mr. Konkin
is also a director of Teuton Resources.
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 requireme nts for the International Standards ISO 17025 and ISO 9001. MSA Labs is
independent of the Company.
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator.
Teuton Resources and American Creek each have a 20% interest in the project. Teuton and American
Creek are both fully carried until such time as a Production Notice is issued, at which time they are
required to contribute their respective 20% share of development costs. Until such time, Tudor is
required to fund all exploration and development costs while both Teuton and American Creek have
"free rides".
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. Teuton earned $3.9 million net income in 2020 and a further $2.4 million
in the first quarter of 2021. Its income is derived from option payments.
Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit,
assembling the core land position i n 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. Interested parties can access information about Teuton at the Company’s website,
www.teuton.com.
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 a ctual 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.