Teuton Resources Corp .
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
News Release – June 18, 2024
Strategic Plan on Advancing the Treaty Creek Gold and Copper Project,
Golden Triangle, British Columbia
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V)
("TFE"- Frankfurt) is pleased to report that Project Operator and Joint Venture (“JV”) partner Tudor
Gold ("Tudor") has announced a strategic plan for the upcoming year centered on the Treaty Creek
gold and copper project, located in the Golden Triangle of British Columbia.
Key Objectives of the Strategic Plan
Over the next 12 months, Tudor Gold expects to complete the following objectives:
• Continue the ongoing exploration and definition drilling program in Q3 2024 and report on
results;
• Advance the metallurgical program and provide the results of this test work in 2024;
• Proceed with preliminary permitting and environmental requirements; and,
• Complete a Preliminary Economic Assessment by Q2 2025.
Drilling Update
On May 9, 2024, Tudor Gold initiated a 10,000-meter (m) diamond drilling program at the Goldstorm
Deposit, with the primary goal of expanding and upgrading the Mineral Resource Estimate released
early this year (April 8, 2024 news release). To date, approximately 4,000 m of drilling, including two
drill holes, have been completed on schedule. The first hole GS -24-181 intersected fine to medium -
grained visible native gold at 810.5 m. It is believed that this mineralization could be associated to the
300N mineral domain and possibly represents a series of parallel high -grade structures similar to
Supercell One (SC-1). Click on the following link to view a photo of the core.
The current drilling program is concentrated on step-out and in-fill drilling within the high-grade SC-1
system, a gold-dominant, quartz-sulfide, breccia-hosted structural corridor. This system remains open
to the northwest, north, and east. T udor Gold plans to further explore this higher -grade zone with
continued drilling. Results from the recently completed drill holes will be shared as soon as assay data
is received.
Previous drilling results from SC-1 in 2022 and 2023 include the following high-grade gold intercepts:
• Hole GS-23-176-W1: 15.00 m @ 15.64 grams/tonne (g/t) gold equivalent (AuEQ) (14.89
g/t gold (Au), 4.72 g/t silver (Ag), 0.60% copper (Cu))
• Hole GS-22-134: 25.50 m @ 9.96 g/t AuEQ (9.66 g/t Au, 1.23 g/t Ag, 0.24% Cu)
o Including 4.50 m @ 20.86 g/t AuEQ (20.61 g/t Au, 1.50 g/t Ag, 0.20% Cu)
• Hole GS-23-179: 12.00 m @ 10.07 g/t AuEQ (9.78 g/t Au, 1.35 g/t Ag, 0.23% Cu)
Click the following links to view the corresponding SC-1 plan view map and drill sections.
Metallurgical Studies on the Goldstorm Deposit
The Company is confident that further metallurgical testing will continue to improve on the Goldstorm
Deposit. Previously, flotation testing demonstrated that the CS-600 domain can produce a quality cop-
per concentrate with significant quantities of gold.
The ongoing phase of metallurgical test work on the Goldstorm Deposit is progressing well and is
focused on improving the outcomes achieved in the previously reported program conducted by Blue
Coast Research Ltd. (BCR), under the supervision of Tad Crowie, P. Eng of JDS Energy & Mining Inc.
This phase of testing is expected to provide information to be used in a Preliminary Economic Assess-
ment and includes comminution, follow up flotation t ests, alternate forms of oxidation, and leaching
tests to recover copper and gold.
Preliminary Economic Assessment and Environmental Studies
The initiation of a Preliminary Economic Assessment (PEA) for Treaty Creek’s Goldstorm Deposit is
expected to begin in the next quarter, with Tudor Gold aiming to complete this study by Q2 2025. The
PEA is anticipated to detail a phased production strategy focusing on exploiting high -grade areas or
supercells of the Goldstorm Deposit to maximize the internal rate of return (IRR). To ensure accuracy
of the PEA, Tudor Gold will continue to optimize the project and develop a comprehensive strategy to
facilitate the permitting process for implementing the best mining methods and phased production
strategy. Efforts will also be made to define precise cost estimates to ensure t hat projected capital
expenditures align with prefeasibility study standards, strengthening the project's economic viability
and credibility. Additionally, the PEA is expected to establish work programs to guide Tudor Gold
towards subsequent stages, including a detailed prefeasibility study to be completed in the future.
Continued environmental studies are being conducted to assist in the economic evaluation and per-
mitting process for the Treaty Creek Project.
Quality Assurance and Control
Ken Konkin, P.Geo, President and CEO, Tudor Gold, is the Qualified Person, as defined by National
Instrument 43-101, responsible for the Treaty Creek Project (Under the terms of the Joint Venture,
Tudor Gold is solely responsible for funding and carrying ou t work at Treaty Creek until such time
as a production decision is made). Mr. Konkin has reviewed, verified, and approved the scientific
and technical information in th e Tudor Gold news release dated June 18, 2024. Technical infor-
mation as presented in this news release by Teuton Resources is consistent with that published in
the Tudor Gold release of June 18, 2024.
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 ex ploration costs up until such time as a
production decision is made and owns a 60% interest; American Creek Resources owns the remain-
ing 20% interest, also carried). Additionally, Teuton owns a 0.98% Net Smelter Royalty in the Gold-
storm deposit area as well as in the northern portion of the Perfectstorm zone; within the southern
portion of the Perfectstorm zone, Teuton owns a 0.49% NSR with an option to increase that to 1.49%
by paying $1 million to the current owner. It also owns numerous additional royalty interests within
the Sulphurets Hydrothermal system on formerly 100% -owned properties such as the King Tut,
Tuck, High North, Orion, Delta and Fairweather properties (King Tut and Tuck now owned by New-
mont Mining; High North, Orion, Delta and Fairweather properties now owned by Goldstorm Metals).
The Treaty Creek Project contains the Goldstorm Deposit (a large gold-copper porphyry system) as
well as several other mineralized zones
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 8 years, has provided Teuton with substantial income.
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
statements whether as a result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.