Teuton Announces New Best Intercept FOR Treaty Creek Property Averaging 0.845 Gpt AuEq
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
TEUTON ANNOUNCES NEW BEST INTERCEPT FOR TREATY CREEK PROPERTY AVERAGING 0.845 gpt AuEq
OVER 973 METERS FROM HOLE GS-20-57, INCLUDING 1.40 gpt AuEq OVER 217.5 METERS
July 9, 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 first 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. Two additional drills have been mobilized to the project to bring the total to four diamond drill
rigs. Tudor Gold intends to extend the diamond drill hole program up to possibly 35,000 meters from the
original plan of 20,000 meters and is fully funded to do so. The initial drilling this season has yet to
delineate the limits of the Goldstorm system as it remains open in all directions and to depth.
Tudor Gold’s Vice President of Project Development, Ken Konkin, P .Geo., states: “The priority was to
expand the Goldstorm System to the southeast and to the northeast, however drilling began in the central
and southwest areas where grades were weaker within the overall system. The objective was to either
expand the known area of mineralization or to define its limits. We we re pleasantly surprised to see the
strength of mineralization encountered in drill hole GS-20-57 which has an enriched interval that averages
1.40 gpt AuEq over 217.5 meters (544.5 to 762.0 meters). The entire intercept has a composite average
of 0.845 gpt AuEq over 973.05m (34.50 to 1077.55 meters). We were confident that we could surpass our
former best intercept of GS-19-47 with 0.697 gpt AuEq over 1081.5 meters, but we never thought we’d
find such a wide extent of mineralization in the central -southwest portion of the system. As well, we
attempted to expand the limits in the southeast part of the system where we had some elevated spikes in
gold grades from our 2019 drilling. Two of our first five drill holes cut Visible Gold in holes GS-20-55 and
GS-20-58 on Section 110+00 NE. The highest gold value was from GS-20-55 with 37.7 gpt Au and 44.8 gpt
Ag over 1.0 meter (428.5 to 429.5 meters). The native gold occurrences both came from the CS-600 Zone
which has an enriched portion that averages 1.34 gpt AuEq over 69.0 meters from 360.5 to 429.5 meters.
The northeastern extension to Goldstorm is the main event of this program and we will begin drilling this
area in mid-July.”
Ken Konkin, P .Geo adds: “The current known length of the northeast axis of the Goldstorm System is over
850 meters long and the southeast axis is at least 600m across, and it remains open in all directions and
to depth. Apart from GS -20-57, the strongest mineralization encountered to date is from the two
consecutive 150m step-out holes drilled to the northeast in 2019: GS-19-42 yielded 0.849 g/t Au Eq over
780 m within the 300 Horizon including 1.275 g/t Au Eq over 370.5m, and GS-19-47 yielded 0.697 g/t Au
Eq over 1,081.5m within the 300 Horizon including 0.867 g/t Au Eq over 301.5m. The e xploration
program will now be focused on expanding mineralization from these two exceptional step-out holes with
three drills. We plan to continue stepping forward along the NE axis with yet another 150 meter step out
hole, as well as fill-in drilling from the sites of GS-19-42 and GS-20-47. The geological model is evolving; it
is apparent that there have been several pulses or phases of stronger gold, copper and silver mineralization
that give the Goldstorm System its nebulous shape of interconnected diss eminated and veinlet
stockworks. It is clear that we also need to expand drilling to the southwest given the results obtained
from GS-20-57. The plan includes drilling beneath the GS -20-57 intercept with hopes of expanding the
excellent results obtained within this portion of the Goldstorm System.”
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 four sections included at the bottom of the news
release and on the Company’s website show the new drill holes plotted on their respective sections.
Table l Gold equivalent composite values from the first nine holes of the 2020 drilling program in the
Goldstorm Zone.
Section Horizon Hole_ID From To
Interval
(m)
Au
g/t
Ag
g/t
Cu
ppm
Au Eq
g/t
110+00
NE 300 GS-20-54 73.95 195.5 121.55 0.633 3.39 218 0.706
110+00
NE
300
+CS600 GS-20-55 290.0 446.0 156.0 0.674 2.95 956 0.852
110+00
NE CS600 GS-20-55 360.5 429.5 69.0 1.172 1.69 985 1.338
110+00
NE 300 GS-20-57 34.5 1007.55 973.05 0.775 3.00 226 0.845
110+00
NE 300 GS-20-57 incl 544.5 904.5 360.0 1.051 3.10 122 1.107
110+00
NE 300
GS-20-57 or
incl 544.5 762.0 217.5 1.338 3.32 150 1.400
110+00
NE 300 GS-20-58 107.0 394.5 287.5 0.351 0.99 119 0.380
110+00
NE 300+CS600 GS-20-60 24.0 666.0 642.0 0.592 2.15 497 0.691
110+00
NE 300 GS-20-60 incl 24.0 190.0 166.0 1.144 2.09 105 1.185
110+00
NE CS600
GS-20-60 &
incl 588.0 666.0 78.0 0.509 7.45 3010 1.045
111+00
NE 300 GS-19-56 159.0 172.5 13.5 1.054 5.57 98 1.136
111+00
NE CS600 GS-19-59 139.0 398.0 259.0 0.328 6.99 1809 0.680
111+00
NE CS600 GS-19-59 incl 142.0 273.0 131.0 0.351 10.99 2777 0.894
112+50
NE CS600 GS-20-61 116.0 363.5 247.5 0.398 8.51 2690 0.899
112+50
NE CS600 GS-20-61 incl 116.0 321.5 205.5 0.453 8.56 3129 1.020
114+00
NE CS600 GS-20-62 143.0 371.0 228.0 0.356 3.53 729 0.507
114+00
NE CS600 GS-20-62 incl 143.0 206.0 63.0 0.758 2.76 1135 0.960
• 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 lI Drill hole data for the first nine holes of the 2020 drilling program in the Goldstorm Zone.
Zone Section Hole ID
Northing
UTM_N83_Z9
Easting
UTM-
N83_Z9
Elevation
(m)
Azimuth
(m) Inclin.
Depth
(m)
Goldstorm
110+00
NE
GS-20-
54 428592.9 6272766.3 1274.53 120 -90 270
Goldstorm
110+00
NE
GS-20-
55 428664.9 6272728.5 1275.78 300 -90 576.4
Goldstorm
111+00
NE
GS-20-
56 428660.2 6272839.8 1267.97 120 -90 195
Goldstorm
110+00
NE
GS-20-
57 428529.3 6272813.9 1277.84 300 -60 1026
Goldstorm
110+00
NE
GS-20-
58 428757.1 6272676.6 1277.62 120 -90 506
Goldstorm
111+00
NE
GS-20-
59 428789.767 6272773.4 1266.43 120 -90 476
Goldstorm
110+00
NE
GS-20-
60 428530.976 6272812 1277 302 -88 765
Goldstorm
112+50
NE
GS-20-
61 428883.9 6272891.9 1250.99 120 -90 449
Goldstorm
114+00
NE
GS-20-
62 428953.745 6273025.2 1237.03 290 -90 449
Walter Storm, President and CEO of Tudor Gold, stated: “Given the excellent results obtained from the
initial nine drill holes, we are very excited with the potential that lies ahead when we start drilling the
priority northeastern portion of the Goldstorm target. Our commitment remains strong to publish a
resource estimate at the end of this year. We will do what it takes to accomplish this, we have the
necessary funds and an extremely competent technical team to achieve our goals. We have taken, and
continue to take, precautions to maintain a healthy and COVID-19 free working environment.”
Tudor Gold Corp and its associated service companies have taken extreme measures to maintain the
highest professional standards while working within COVID-19 health and safety protocols. Only essential
personnel are permitted to enter the camp and staging areas. Of those who are at the project site and
staging site, we have strict daily monitoring of the workers’ temperatures and general health conditions.
We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel
and all service providers.
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 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.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43 -101 is the
Company’s Vice President Project Development, 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.
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 payments and shares in optionee companies 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 coverin g 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 t o 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/GS110NE
http://teuton.com/GS111NE
http://teuton.com/GS112NE
http://teuton.com/GS114NE
http://teuton.com/GSPlanView0720
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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