Teuton Reports Near-Surface Intercept at Treaty Creek Property Averaging 2.120 Gpt
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
TEUTON REPORTS NEAR-SURFACE INTERCEPT AT TREATY CREEK PROPERTY AVERAGING 2.120 gpt
AuEq OVER 348 METERS WITHIN 930 METERS AVERAGING 1.161 gpt AuEq IN HOLE GS-20-65;
STEP-OUT DRILLING FURTHER EXTENDS THE GOLDSTORM SYSTEM BY ANOTHER 150M TO THE NORTH-
EAST WITH HOLE GS-20-64 INTERSECTING 1.482 gpt AuEq OVER 154.5 METERS WITHIN 550.55 ME-
TERS INTERCEPT AVERAGING 0.983 gpt AuEq.
July 27, 2020 - Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-
V) ("TFE"- Frankfurt) has received a report from its joint venture partner Tudor Gold con taining results
from the second set of holes drilled in 2020 at the Treaty Creek property, located in the Golden Triangle of
northwest British Columbia.
Tudor Gold says that diamond drilling is progressing very well on the Goldstorm Zone which is on -trend
from Seabridge Gold’s KSM Project (located five kilometers southwest of the Goldstorm System). As well,
a total of five drills have now been mobilized to the project with a sixth expected to arrive shortly. Tudor
Gold intends to double the diamond drill hole program from the original plan of 20,000 meters to at least
40,000 meters of drilling for 2020. Tudor Gold is fully funded to complete this aggressive drill hole
program.
The preliminary drilling this season has yet to delineate the limits of the Goldstorm system as it remains
open in all directions and to de pth. It will require all six drills to complete the planned 2020 exploration
program for the Goldstorm Au-Cu-Ag System.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P .Geo., states: “For the second time
this month, we are very pleased to have bettered the results obtained earlier from GS-20-57 which has an
enriched interval that averages 1.40 gpt AuEq over 217.5 meters (544.5 to 762.0 meters) within an overall
composite average of 0.845 gpt AuEq over 973.05m (34.50 to 1077.55 meters). Hole GS -20-65 was
designed as a 100-meter undercut to drill hole GS-20-57. The result was a remarkable 348 meter intercept
of 2.120 gpt AuEq within a larger 930 meter intercept of 1.161 gpt AuEq in dril l hole GS-20-65. More
drilling will be required in this central region in order to better define these higher -grade metal plumes
that we believe occur throughout the Goldstorm System. There were three results over 15.0 gpt Au that
occurred within GS-20-65. These include: 19.7 gpt Au over 1.5m (145.5 to 147.0 meters), 22.5 gpt Au over
1.5m (310.5 to 312.0 meters) and 34.2 gpt Au over 1.0 meter (921.0 to 922.0 meters). The focus for the
rest of this summer will be to complete the exploration drilling to the limits of the known mineralization
along the north-eastern axis. We have begun drilling on Pad 8 which is a 150 meter north -easterly step
out from hole GS-20-47, which was the best intercept generated in 2019 where we obtained an intercept
of 0.697 gpt AuEq over 1081.5 meters. That hole stopped in mineralization as it was the limit of the drill’s
capacity. This year all six drills have modified heads to complete drill holes in excess of 1,800 meter depths.
However, we anticipate that our longest holes for 2020 will be approximately 1,400 meters long.”
Konkin adds “One of the most impressive aspects of the Goldstorm System is the consistent strength of
the mineralization. Drill hole GS -20-64 was a steep -angled 150m step -out hole drilled to the northeast
beyond the trace of the DS -5 intercept. This exploration hole targeted the extension of a very robust
stockwork system that was intersected at the bottom of drill hole GS -19-47, 0.996 gpt AuEq over 243
meters (933.5 to 1176.5 meters). The intercept ended in mineralization at 1199m. The same DS -5 zone
was intersected in GS -20-64 that doubled the intercept length from 24 3 meters to over 550 meters
averaging 0.983 gpt AuEq (648.4 to 1198.95 meters) which is extremely consistent with the results
obtained in GS-19-47. An enriched, upper portion of the stockwork system yielded 1.482 gpt AuEq over
154.5 meters (771.5 to 926.0 meters). We are currently re-drilling drill hole GS-19-47 as the system may
be much larger than originally thought given the results obtained from the 150m northeast step out hole
GS-20-64. The target is to drill through the entire stockwork profile that was discovered in 2019.”
The two tables below provide the complete list of drill hole results as well as the drill hole data including
hole location, elevation, depth, dip and azimuth. The Section 110+00 NW and 115+50 NE are included at
the bottom of the news release and on the Company’s website. These sections show the new drill holes
plotted on their respective sections.
Table l Gold equivalent composite values from Section 110+00 & 115+50 NE of the Goldstorm Zone.
• 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 $1322/oz, Ag:
$15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) +
(Cu% x 1.4835). 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 II Drill hole data for GS-20-63 to GS-20-65 of the Goldstorm Zone.
Walter Storm, President and CEO of Tudor Gold, stated: “Our technical team continues to explore several
fronts of the target while obtaining excellent results and we continue significantly expand the size of
Goldstorm system. The northeast -trending axis of the mineralized body of Goldstorm now exceeds a
kilometre in length and we have yet to find the limit of the mineralization to the northeast and to depth.
It was necessary to intensify our efforts by doubling our program to 40,000 meters and utilizing more drill
Zone Section Horizon HOLEID From To Interval (m) Au Ag Cu AuEQ
Goldstorm 110+00 NE 300+CS600 GS-20-63 33.00 715.50 682.50 0.542 1.18 206 0.587
Goldstorm 110+00 NE 300 GS-20-63 incuding 33.00 223.50 190.50 0.913 1.41 89 0.943
Goldstorm 110+00 NE 300 GS-20-65 34.50 964.50 930.00 1.067 2.80 409 1.161
Goldstorm 110+00 NE 300 GS-20-65 including 46.50 394.50 348.00 2.042 4.13 192 2.120
Goldstorm 115+50 NE DS-5 GS-20-64 648.4 1198.95 550.55 0.900 5.40 122 0.983
Goldstorm 115+50 NE DS-5 GS-20-64 including 771.5 926 154.50 1.389 6.21 122 1.482
Zone Section HOLE ID UTM E NAD 83 UTM N NAD 83 ELEV AZI DIP DEPTH (m)
Goldstorm 110+00 NE GS-20-63 428532.47 6272812.40 1275.22 300 -80 825
Goldstorm 110+00 NE GS-20-64 428995.12 6273174.62 1233.55 290 -90 1208
Goldstorm 115+50 NE GS-20-65 428537.27 6272808.62 1275.17 300 -65 1083
rigs. We are very happy to announce the approval of our new work permit that allows us to expand drilling
at Goldstorm as well as drill other zones. Tudor Gold’s construction crews are planning on building a lower
drill camp that will add several months to the explorat ion season. We are now able to build operational
trails to gain over-land access to the zones from the current camp and from the proposed lower camp at
the toe of Treaty Glacier.”
QA/QC
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 duplica te 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 this news release for the purposes of National Instrument 43-101 is Tudor Gold’s
Vice President Project Development, Ken Konkin, P .Geo. He has read and approved the scientific and
technical information that forms the b asis for the disclosure contained in this news release. Dino
Cremonese, P . Eng., is the Qualfied Person for Teuton Resources and as President is not independent of
the Company. He has not verified the technical information in this release but has no reason to believe it
is inaccurate.
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. Seven of these properties are currently under option to third parties. Over
$4 million in option cash and share payments has been generated from these properties since 2015,
including properties where optionees have already earned their interest.
Teuton was the original staker of the Treaty Creek property 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) as well as a 0.98% NSR in the claims covering the Goldstorm zone. A 0.49% NSR is owned in the
peripheral claims. None of the NSRs are subject to a buy-back. Teuton also owns eight other royalties in
the Sulphurets Hydrothermal System with interests ranging up to 2.5%, none of which are subject to a
buyback. Interest ed parties can access information about Teuton at the Company’s website,
www.teuton.com.
Figures Accompanying News Release
http://teuton.com/GSPlanView072020
http://teuton.com/GS11550-NE
http://teuton.com/GS110-NE
Respectfully submitted,
"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]
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