Final 2019 Treaty Creek Drilling Results: Drill Hole GS19-52 Inersects 2.006 G/T GOLD over 87 Meters with a Near-Surface Intercept of 1.004 G/T GOLD over 336 Meters; Drill Hole GS19
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
FINAL 2019 TREATY CREEK DRILLING RESULTS: DRILL HOLE GS19-52 INERSECTS 2.006 G/T GOLD OVER
87 METERS WITH A NEAR-SURFACE INTERCEPT OF 1.004 G/T GOLD OVER 336 METERS; DRILL HOLE GS19-
49 INTERSECTS 826.5 METERS OF 0.696 G/T GOLD WITHIN THE GOLDSTORM ZONE
October 28, 2019 - Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-
TSX-V) ("TUC"- Frankfurt) has received a report from JV partner Tudor Gold containing final assay results
from the remaining five holes of the 2019 drilling program at Treaty Creek. The Treaty Creek property is
located in the Golden Triangle region of BC, immediately north of and along regional strike from Seabridge
Gold’s KSM property and Pretium Resources’ Brucejack-Snowfield property.
This year’s drilling program generated the best near-surface results attained to date on the project. As well
as several hundred meters extension along strike to the northeast, the drilling has significantly expanded
the mineralized limits to the southeast, where one of the best near -surface intervals averaged 2.006 g/t
Au over 87m, within 336 m averaging 1.004 g/t Au in hole GS19-52.
The results of the five final holes are reported below. Hole GS19-49 was drilled to 960.1 m, at -80° dip, on
Section 111+00 NE next to the previously announced vertical ho le GS19-48, which yielded 0.725 g/t Au
over 838.5m, including an upper horizon that averaged 1.048 g/t gold Au over 328.5 m. Hole GS19-49
returned equally impressive results with a comparable 0.696 g/t Au over 826.5 m and the upper horizon
averaging 0.998 g/t Au over 249 m. Along the same section, hole GS19-52 (-50° dip at 115° azimuth) was
drilled much longer than expected because the Goldstorm system continues at least 700 m to the
southeast ; GS19-52 averaged 1.004 g/t gold over 336 meters with a higher grade core of 2.006 g/t gold
over 87 meters within the upper horizon.
Tudor Gold Exploration Manager, Ken Konkin explains: “Clearly the results of the previously reported
deep vertical step -out holes demonstrate the impressive size and grade consistency o f the Goldstorm
system. Within the overall mineralized package of fragmental intermediate volcanic rocks there are several
sub-horizontal horizons of significantly higher gold grades. The uppermost portions of the previously
reported holes GS19-42, GS19-47 and GS19-48 contained respectively, 1.268 g/t gold over 252 m, 0.828
g/t gold over 301.5 m and 1.048 g/t gold over 328.5 m. We now have several other drill holes with
excellent near-surface gold values to add to this list of growing intercepts. GS19-52 ha s returned the
highest core gold grades of 2.006 g/t Au over 87 m within a 336m intercept of 1.004 g/t Au. These
intercepts are part of the uppermost portion of the Goldstorm system which we refer to as the ‘300
Horizon’. The ‘300 Horizon’ remains open alo ng strike to the northeast as well as to the southeast. In
addition, the lower horizons of the Goldstorm system also remain open in all directions and the lowest
horizon is open at depth.”
Furthermore, Mr. Konkin adds “We are seeing consistent silver and copper mineralization associated with
the deeper gold horizons such as the previously reported 151.5 m zone of 0.572 g/t gold, 8.5 g/t silver
and 0.21% copper that was intercepted from 665.0 to 816.5 m in GS19-47 and a 66.0 m zone with 0.958
g/t gold, 3.9 g/t silver and 0.35% copper , which was intercepted from 874.5 to 940.5 m in GS19 -48.
Similarly, we have now seen in GS19 -49, a 78 m intercept averaging 1.145 g/t gold, 11.2 g/t silver and
0.21% copper (750-828 m) and in GS19-52 an 88.5 m interval averaging 0.352 g/t gold, 9.3 g/t silver and
0.25% copper (515-603.5 m). Not only does the Goldstorm Zone remain open at depth and along strike,
we are now seeing base-metal associations possibly as part of a zonation within the hydrothermal system.”
The final three footwall extension holes (GS19 -50, GS19 -51 and GS19 -53) were completed on section
110+00 NE. These were successful in extending the width of the mineralized zone to the southeast:
• Hole GS19-50 returned an average of 0.602 g/t Au over 577.5 m including 0.811 g/t Au over 267.0
m in the ‘300 Horizon’.
• Hole GS19-51 returned an average of 0.721 g/t Au over 246 m in the ‘300 Horizon’ and a lower
horizon that averages 1.017 g/t Au over 40.5 m.
• Hole GS19-53 returned an average of 0.984 g/t Au over 147.0 m in the ‘300 Horizon’. GS19-53
was stopped in gold mineralization due to inclement end-of-season weather.
Table l provides gold composites from five drill holes recently completed on two sections that cut the
Goldstorm Zone and Table ll provides the drill collar data, including drill hole location, elevation,
inclination, azimuth and hole length. Results for other ho les on the sections have been reported
previously.
Table l: Gold Composites GS19-49 to GS19-53
Section Drill Hole From (m) To (m) Intercept (m) Gold Grade (gpt)
110+00NE GS19-50 148.0 725.5 577.5 0.602
including 160.0 427.0 267.0 0.811
GS19-51 119.0 365.0 246.0 0.721
and 578.0 618.5 40.5 1.017
GS19-53** 108.0 255.0 147.0 0.984
111+00NE GS19-49 81.0 907.5 826.5 0.696
including 81.0 330.0 249.0 0.998
and 487.5 606.0 118.5 0.941
and 750.0 790.5 40.5 1.949
GS19-52 62.0 398.0 336.0 1.004
including 225.5 312.5 87.0 2.006
GS19-53** drill hole stopped in mineralization, to be completed in 2020
* All assay values are uncut and intervals reflect drilled intercept lengths (true widths of the mineralization
have not been determined). HQ and NQ2 diameter core samples were sawn in half and typically sampled
at standard 1.5m intervals.
Table ll: Drill Hole Data
Section Drill Hole N_ N83_Z9 E_N83_Z9 ELEV_m Azimuth Inclination DEPTH(m)
110+00E GS19-50 6272886.7 428393.7 1348.0 111 -70 736.0
GS19-51 6272886.6 428394.1 1347.3 111 -60 635.0
GS19-53 6272885.8 428394.1 1347.2 113 -50 258.0
111+00E GS19-49 6272976.1 428422.2 1370.5 115 -80 960.1
GS19-52 6272974.9 428423.9 1370.0 115 -50 699.7
URLS for the updated Goldstorm Zone Sections 110+00 NE and 111+00 NE as well as the DDH Plan map
are included at the bottom of the news release.
Walter Storm, President and CEO of Tudor Gold, stated: “I am very pleased that the safe and successful
2019 exploration program has concluded on such a positive note. All 14 exploration drill holes hit their
targets and they all returned very good results. The consistency of the mineralized intercepts from hole to
hole is equally impressive. This years’ drill program has vastly increased the known size of the Goldstorm
mineralized body but further drilling is essential to define the full length, width and depth of the system
which still remains open in all directions.”
Dino Cremonese, P .Eng., President and CEO of Teuton, commented as follows: “2019 was a very successful
year at Treaty Creek, without a doubt the best to date. I would like to take this opp ortunity to thank
Walter Storm, President of Tudor Gold, along with his very competent Exploration Manager, Ken Konkin,
and the rest of the Tudor geological team for a superb effort.”
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 Tudor Gold.
Qualified Person
The Qualified Person for the technical information in this news release is Tudor Gold’s Exploration
Manager, Ken Konkin, P .Geo. He has read and approved the scientific and technical information that forms
the basis for the disclosure contained in this new s release. T he Qualified Person for Teuton Resources,
Dino Cremonese, P . Eng. (who as President is not independent of the Company), has not reviewed the
data but has no reason to believe it is unreliable.
Teuton’s Interest in Treaty Creek
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 presently holds 2.975 million
shares of Tudor Gold, the Operator of the Treaty Creek property.
URLs For Figures:
http://teuton.com/GSPlanViewUTM
http://teuton.com/GSPlanViewAu
http://teuton.com/GS111NAuFault
http://teuton.com/GS110NAuFault
Strategic Corporate Review
Management is considering a spin-out of some of its Golden Triangle properties into a separate corporate
entity in order to bring additional value to its shareholders. To this end, Management intends to
communicate with shareholders in the coming months to gauge their support for or against this
restructuring plan with a final decision on the matter expected early in 2020.
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwestern
British Columbia and was one of the first companies to adopt what has since become known as the
“prospect generator” model. Eight of these properties are currently under option to third parties. Over
$2 million in option cash payments has been generated from these optioned properties since 2015,
including properties where optionees have already earned their interest (this does not include the value
of shares received from the optioning companies).
Shareholders and other interested parties can access information about Teuton at the Company’s website,
www.teuton.com.
"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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