Teuton Reports 4TH Significant GOLD-Silver Discovery at Treaty Creek with Drill Hole Cbs- 21-02 Intercepting 1.30 G/T GOLD Eq over 53.9M Within 155.5M of 0.82 G/T GOLD Eq at “Calm Before the Storm Zone” (Cbs)
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – NOVEMBER 24, 2021
TEUTON REPORTS 4TH SIGNIFICANT GOLD-SILVER DISCOVERY AT TREATY CREEK WITH DRILL HOLE CBS-
21-02 INTERCEPTING 1.30 G/T GOLD EQ OVER 53.9M WITHIN 155.5M OF 0.82 G/T GOLD EQ AT
“CALM BEFORE THE STORM ZONE” (CBS)
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO” -TSX-V) ("T FE"-
Frankfurt) has received a report from its joint venture partner Tudor Gold presenting the fourth set of
results from the 2021 resource expansion and definition dr illing program at the Treaty Creek property
north of Stewart, BC. The project is located in the heart of the Golden Triangle of northwestern British
Columbia and is on -trend from Seabridge’s KSM Project located five kilometers southwest of the
Goldstorm Deposit.
Tudor Gold announced the safe completion of the 2021 Exploration Program , which included a total of
30,108 meters of drilling. Results from the final eleven drill holes from Goldstorm, one hole at CBS, and
several surface chip sample lines from the Eureka Zone are expected to be received shortly and will be
released once final analysis and interpretation is completed.
Calm Before the Storm Results
CBS is the fourth significant precious metal mineralized zone to be discovered at the Treaty Creek Project.
The CBS Zone is located two kilometers northeast of the Goldstorm Deposit and occurs on the same struc-
tural trend that hosts the Perfect Storm Zone (PSZ) and the Copper Belle-Goldstorm Deposit (CB-GS),
which currently hosts an estimated Measured and Indicated Mineral Resource of 19.4 million ounces of
AuEq grading 0.74 AuEq and an Inferred Resource of 7.9 million ounces of AuEq grading 0.79 AuEq (see
Teuton news release dated March 8, 2021).
Treaty Creek, CBS Zone Drilling and Surface Sampling Highlights include:
• Identified a new mineralized zone, “Calm Before the Storm”, near the lower Treaty Camp; 15%
(25 out of 170) of rock chip samples assayed >0.5 g/t AuEq and 5% (8 out of 170) of samples
contained >1.0 g/t AuEq.
• Drill results at Calm Before the Storm from the deeper hole, CBS-21-02, which returned 1.30 g/t
AuEq over 53.9m within 155.50m of 0.82 g/t AuEq, demonstrate that gold-silver mineraliza-
tion is getting stronger at depth.
• The Upper and Lower Exploration camps were closed in early November, but on-going environ-
mental and climatic studies will continue throughout the year with helicopter support provided
by Yellowhead Helicopters based in Stewart, B.C.
Tudor Gold’s Vice President of Exploration and Project Development, Ken Konkin, P.Geo., stated: “Our
2021 exploration program has been exceptionally successful at broadening our understanding of the
mineralization throughout the Treaty Creek Property. The Project now has four large geological targets
that require extensive exploration and drilling, including the Goldstorm Deposit which remains open in all
directions and at depth. The size and scope of our exploration program is growing exponentially with each
new discovery to add to the chain of precious and base -metal deposits and target s associated with the
extensive Sulphurets-Treaty thrust fault system. We are very pleased with the results of the surface
sampling programs and in-particular the discovery hole from our preliminary drill results at our new zone,
Calm Before the Storm (CBS). The gold and silver values at CBS are interpreted to be hosted within possibly
younger rocks than the host lithologies at Goldstorm. Drill hole CBS -21-02 intersected a distinct
mineralized zone with 1.30 g/t AuEq over 53.9m within 155.50m of 0.82 g/t AuEq. Our geological crews
require further review of this core after compiling the assay results to determine the controls for gold and
silver distribution and emplacement.”
The complete list of composited drill hole results for 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 . A list of
highlighted surface chip and channel samples from CBS are included in Table 3. Included at the end of
this release, is a URL for a plan map and cross sections for the drilling and surface samples reported.
Drilling Results Calm Before the Storm Zones in Press Release November 23, 2021
Section / Plan Hole / Chip Line
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t) Cu ppm
AuEQ
(g/t)
A - 180 CBS-21-01 14.25 33.50 19.25 0.37 0.67 16 0.38
and 141.50 170.00 28.50 0.30 12.67 40 0.46
A - 180 CBS-21-02 150.50 306.00 155.50 0.78 2.34 41 0.82
includes 252.10 306.00 53.90 1.24 4.35 59 1.30
• 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. Calculatio ns 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.
Table 2: Drill data for holes in Press Release November 23, 2021
Section Hole ID UTM E NAD 83 UTM N NAD 83 Elevation (m) Azi (ᵒ) Dip (ᵒ) Depth (m)
A - 180 CBS-21-01 430616.2 6273880.5 979.6 140 -45 404
A - 180 CBS-21-02 430726.0 6273999.1 981.2 200 -45 512.1
Table 3: CBS Surface Sample Results in Press Release November 23, 2021
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)
X557688 CBS 430597.96 6273813.37 983.09 CHIP 2.00 0.76 27.45 219 1.11
X557681 CBS 430636.86 6273826.34 970.60 CHIP 2.00 0.88 13.35 166 1.06
X557680 CBS 430649.89 6273842.01 970.91 CHIP 1.50 0.90 12.97 219 1.07
X557683 CBS 430655.56 6273839.43 970.17 CHIP 2.00 0.90 13.89 119 1.07
X557677 CBS 430659.90 6273839.86 969.83 CHIP 2.00 1.38 16.89 160 1.60
X557676 CBS 430661.90 6273840.15 969.70 CHIP 2.00 1.50 16.02 252 1.72
X557675 CBS 430663.74 6273839.46 969.65 CHIP 1.50 0.96 10.41 190 1.11
A0513471 CBS 430717.50 6273948.00 976.08 CHANNEL 1.50 1.08 14.54 53 1.26
D. Cremonese, P . Eng., President of Teuton Resources commented as follows: “The discovery of the CBS
zone, in an area that was covered by ice less than thirty years ago, underscores the potential of the Treaty
Creek property to host multiple zones of gold-bearing mineralization. This is the 4 th sizeable zone to be
discovered and more are likely to be found as ablation (glacial meltback) continues. In addition to those
discovered to date, the property has potential for maar/diatreme associated gold deposits, precious metal
rich VMS deposits and high sulphidation gold deposits”.
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 requi red 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".
Qualified Person
The Qualified Person for th e Treaty Creek data in this news release is Tudor Gold’s Vice President of
Exploration and Project Development, Ken Konkin, P .Geo. Mr. Konkin is also a director of Teuton. He has
read and approved the scie ntific and technical information that forms the basis for the disclosure
contained in this news release.
QA/QC
Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA
Labs’ Geochemical Laboratory in Langley, B C. Analytical accuracy and precision are monitored by the
submission of blanks, certified standards and duplicate samples inserted at regular intervals into the
sample stream. MSA Laboratories quality system complies with the requir ements 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. 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 or iginal 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% N SR in the Goldstorm deposit ar ea.
Interested parties can access information about Teuton at the Company’s website, www.teuton.com.
Figures & Videos Accompanying News Release
Please click link to view Plan Map and Cross-Sections: http://teuton.com/CBSZoneMaps
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 b e
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 change s, 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 for ward-looking statements
whether as a result of new information, future events or otherwise except as otherwise required by applicable
securities legislation.