Teuton Resources Corp. (“Teuton” or
“the Company”) (TSX-V:TUO) (Frankfurt:TUC) is pleased to
report an excellent intersection of gold mineralization on the
Treaty Creek property, situated north of the KSM property of
Seabridge Gold and the Brucejack property of Pretium Resources in
the Golden Triangle region of northwestern British
Columbia. Teuton holds a 20% carried interest in
the property (carried until a production decision is made) as well
as various NSR interests. Tudor Gold Corp. is the
Operator.
CB-17-24, a step-out hole drilled this
year on the Copper Belle zone, intersected various mineralized
zones where the most significant was 115.50 meters of continuous
mineralization grading 1.31 g/tonne gold from 60.50 to 176.00
meters depth, including a higher grade intercept
of 57m grading 1.97 g/t gold from 111.5 to
168.5m. A second interval occurs deeper
in the hole, grading 0.83 g/t over 60m, from 228.5 to 268.50m. Hole
CB-17-24 was collared above the ice 166 meters south of CB-16-03.
Complete results are pending for the remaining 22 holes.
Drill results for hole CB-17-24 are summarized
in the table below:
Hole-ID |
From (m) |
To (m) |
Interval (m)* |
Cu (%) |
Ag (g/t) |
Au (g/t) |
CB-17-24 |
60.50 |
176.00 |
115.50 |
0.022 |
4.4 |
1.31 |
including |
111.50 |
168.50 |
57.00 |
0.025 |
7.3 |
1.97 |
including |
125.00 |
164.00 |
39.00 |
0.026 |
8.3 |
2.38 |
|
228.50 |
288.50 |
60.00 |
0.021 |
5.5 |
0.83 |
|
435.50 |
486.50 |
51.00 |
0.008 |
1.8 |
0.609 |
including |
483.50 |
486.50 |
3.00 |
0.001 |
14.0 |
5.675 |
|
665.00 |
690.50 |
25.50 |
0.301 |
2.1 |
0.18 |
*True widths of the mineralization have not been
determined.
The Copper Belle resource delineation drill
program was completed with 27 holes to depths below 700 meters and
with step outs of 50 meters where topography permitted. Over 13,722
meters of drilling was completed on the Copper Belle zone in
2017.
Walter Storm, President and CEO of Tudor Gold,
stated: “We are learning a great deal with each assayed
hole at Copper Belle and are delighted to report long intercepts of
mineralization as we move towards Seabridge’s Iron Cap Deposit. It
is worthwhile to note that deeper into the mineralized system we
are seeing more silver and copper. The next 22 holes still in the
assay laboratory are expected to divulge the overall size and
continuity of mineralization and should provide enough data to
produce a resource estimate at Copper Belle.”
Results from additional drill holes of the 2017
drill program at Copper Belle are still pending. Drill holes
targeted the mineralized zone on Copper Belle and all holes to date
have intersected long intervals of mineralization to depth. Drill
holes were targeted oblique to the northwesterly plunge of the main
mineralized zone. The drill program was designed for 50 meter
step-outs across the mineralized zone to create a block of
delineated mineralization for a preliminary resource estimate. All
drill holes were down hole surveyed at 25 m stations using a Reflex
Multi-shot device.
Tudor Gold’s 2016 Magnetotelluric Geophysical
Survey program (MT Survey) was effectively utilized as a guide for
the drill program. The MT Survey suggests that the mineralization
continues to the south, toward the Iron Cap deposit of Seabridge
Gold Inc. The MT Survey also suggests that the mineralized zone
continues in all directions. Tudor Gold’s 2017 drill program was
located five kilometers north of the Iron Cap deposit and the
Company intends to step out to the south in its 2018 program to see
if it can determine a relationship between the two areas.
A URL for the location map of the Copper Belle
zone is presented at the end of this news release.
Teuton Resources reports high-grade gold
and silver mineralization on GR2/HC Zone of Treaty Creek Property,
including 1,118.35 Silver g/t over 2.85m
(HC-17-09)
Teuton Resources is pleased to announce that
drilling into the HC zone on the Treaty Creek property continues to
intersect polymetallic mineralization with high-grade gold and
silver values.
In 2017, 5,401 metres were drilled into the HC
zone in 17 holes. Work to date has established that the HC
zone is the strike extension (to the north) of the GR2 zone which
was drilled in 2007 and 2009. The combined GR2/HC system now
has been tested by 36 holes covering an area approximately 400m
along strike and 450m down dip at 50m space increments.
The GR2/HC zone is a separate target from the Copper Belle, a bulk
tonnage porphyry gold zone located at lower elevations east of the
GR2/HC.
Drill results for the final HC holes of the year
can be seen at the end of this release in Table 2 (all distance
measurements reported in metres).
The GR2/HC zone appears to be a gold-rich VHMS
deposit consisting of a feeder vein system and stratabound lenses,
overprinted in places by a later silver-rich (Pb-Zn-Sb-Cu) veins.
These veins are late in the formation and are hosted in the
volcaniclastic sequence or in the younger Jurassic Hazelton
sequence, crosscutting (and reactivating) previous mineralization.
The RR silver-base metal vein holes are collared 800m north
of the HC zone, and are believed to be part of the same structure
or a related parallel structure.
Historical surface sampling carried out by
previous operators to both the north and south of the GR2/HC zone
indicates that the main mineralized structure may potentially
extend for 3,000m along strike. The mineralized structure remains
open to the north and south beyond the existing drill holes, and
down dip.
One of these historical areas, the AW, lies
1.7km to the south of the GR2/HC zone, and in the same
stratigraphic setting. Surface sampling and trenching
conducted prior to 1994 in mineralized occurrences similar to those
observed in the GR2/HC zone, reported many high-grade gold and
silver values with significant base metal credits. Values in
sludge recovered from Hole TC-91-3, drilled in 1991, gave a
weighted average of 5.45 g/t gold, 238 g/t silver, 1.37% copper,
4.45% lead, and 0.55% zinc over 4.7 metres. Recent extensive
ablation of glacial snow and ice in the area has made the zone much
more accessible. The property was visited in 1993 by Dr. Ted Grove,
P.Eng., author of BC government publication, Bulletin 58, Geology
and Mineral Deposits of the Stewart Area, British
Columbia. In a private report he wrote for Teuton
Resources (1994) he said of the AW zone: “The indications on the
basis of grades, widespread mineralization, diverse host rocks and
alteration suggest the possibility of a major deposit.”
QA/QC
Drill hole samples were assayed by Activation
Laboratories Ltd. in Kamloops, 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. Activation
Laboratories quality system complies with the requirements for the
International Standards ISO 17025: 2005.
The main technical data in this news release was
reviewed by James McCrea, P.Geo., Tudor Gold’s geologist in
charge of the Copper Belle program, and by Raul Sanabria, Tudor
Gold’s geologist in charge of the GR2/HC program (for the purposes
of National Instrument 43-101). The Qualified Person for this
news release is Dino Cremonese, P.Eng., who as President of Teuton
is not independent of the Company. Mr. Cremonese has not
verified the accuracy of the technical data but believes that it is
reliable.
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. Ten of
its properties are currently under option and cash proceeds from
these options have exceeded $1.45 million in the past two years,
not including 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.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
A location map for both the Copper Belle and GR2/HC zones can be
found at:
http://teuton.com/wp-content/uploads/2017/12/treatycopperbellegr2dec.pdf
For more information contact Investor Relations
at 778-430-5680 or barry@teuton.com. If you would like to be
added to Teuton’s news distribution list, please send your email
address to dino@teuton.com
|
|
Table 2---HC Zone Drill Results |
|
|
|
HC Zone |
|
Hole |
From |
To |
Interval* |
Au g/t |
Ag g/t |
|
HC-17-09 |
79.05 |
81.05 |
2 |
12.21 |
|
|
HC-17-11 |
221.15 |
230 |
9.7 |
4.89 |
|
|
HC-17-13 |
306.7 |
316.1 |
9.4 |
4.25 |
|
|
HC-17-15 |
290.7 |
291.4 |
0.7 |
7.86 |
21.1 |
|
and |
298.6 |
300.1 |
1.5 |
4.03 |
|
|
HC-17-16 |
306.9 |
307.4 |
0.5 |
1.28 |
|
|
and |
307.4 |
308.3 |
0.9 |
6.77 |
|
|
|
|
|
|
|
|
|
HC Feeder Veins |
Hole |
From |
To |
Interval* |
Au g/t |
Ag g/t |
AuEq**(g/t) |
HC-17-10 |
274.8 |
275.6 |
0.8 |
6.42 |
5.136 |
|
and |
275.6 |
276.3 |
0.7 |
4.05 |
2.835 |
|
HC-17-11 |
181.35 |
182.75 |
1.4 |
10.44 |
|
15.96 |
including |
181.35 |
182.25 |
0.9 |
11.8 |
31.2 |
|
and |
182.25 |
182.75 |
0.5 |
7.99 |
433 |
|
HC-17-17 |
94.95 |
95.85 |
0.9 |
5.7 |
|
|
and |
380.6 |
381.75 |
1.15 |
8.17 |
|
|
|
|
|
|
|
|
|
HC Ag-(Base Metal) Veins |
Hole |
From |
To |
Interval* |
Au g/t |
Ag g/t |
AuEq** (g/t) |
HC-17-08 |
38.2 |
38.5 |
0.3 |
10.7 |
151 |
12.62 |
and |
91.55 |
91.8 |
0.25 |
14.5 |
530 |
21.25 |
and |
98.2 |
98.6 |
0.4 |
5.18 |
6.2 |
|
and |
100.1 |
100.5 |
0.4 |
0.529 |
4730 |
60.81 |
HC-17-09 |
87.8 |
88.4 |
0.6 |
1.14 |
1190 |
16.31 |
and |
143.4 |
146.25 |
2.85 |
1.01 |
1118.35 |
15.26 |
including |
143.4 |
144.05 |
0.65 |
0.552 |
1730 |
14.69 |
and |
144.05 |
144.65 |
0.6 |
0.082 |
78 |
0.65 |
and |
144.65 |
146.25 |
1.6 |
1.54 |
1260 |
28.16 |
HC-17-13 |
206 |
207 |
1 |
1.27 |
647.8 |
9.53 |
including |
206 |
206.6 |
0.6 |
1.2 |
731 |
10.52 |
including |
206.6 |
207 |
0.4 |
1.38 |
523 |
8.05 |
and |
207 |
207.55 |
0.55 |
0.486 |
75.8 |
|
and |
207.55 |
208.2 |
0.65 |
0.381 |
247 |
3.53 |
and |
208.2 |
208.95 |
0.75 |
0.182 |
79 |
|
and |
208.95 |
209.5 |
0.55 |
0.43 |
314 |
4.43 |
and |
216.65 |
218.85 |
1.65 |
5.4 |
123.56 |
9.42 |
including |
216.65 |
217.1 |
0.45 |
3.33 |
132 |
5.01 |
including |
217.1 |
217.8 |
0.7 |
10.5 |
298 |
14.30 |
including |
217.8 |
218.3 |
0.5 |
0.746 |
7.7 |
0.84 |
including |
218.3 |
218.85 |
0.55 |
4.84 |
28.1 |
5.20 |
HC-17-16 |
100 |
100.95 |
0.95 |
1.39 |
157 |
3.39 |
and |
205.1 |
205.5 |
0.4 |
0.785 |
425 |
6.20 |
and |
221.3 |
221.5 |
0.2 |
0.042 |
300 |
3.87 |
and |
275.3 |
276 |
0.7 |
0.492 |
105 |
1.83 |
and |
276 |
277 |
1 |
0.498 |
176 |
2.74 |
HC-17-17 |
222.9 |
223.85 |
0.95 |
2.38 |
122 |
3.93 |
and |
228.35 |
229 |
0.65 |
0.672 |
68.3 |
1.54 |
and |
299 |
233.6 |
4.6 |
1.09 |
417.51 |
6.41 |
including |
229 |
229.45 |
0.45 |
0.58 |
314 |
4.58 |
including |
229.45 |
230.3 |
0.85 |
1.12 |
864 |
12.13 |
including |
230.3 |
230.85 |
0.55 |
0.602 |
107 |
1.97 |
including |
230.85 |
231.2 |
0.35 |
0.637 |
234 |
3.62 |
including |
231.2 |
231.65 |
0.45 |
0.891 |
14.8 |
1.08 |
including |
231.65 |
232.4 |
0.75 |
3.11 |
3 |
3.15 |
including |
232.4 |
233.6 |
1.2 |
0.422 |
746 |
9.93 |
|
|
|
|
|
|
|
RR Ag-base Metal Veins |
|
|
Hole |
From |
To |
Interval* |
Ag g/t |
|
|
RR-17-03 |
41.3 |
42 |
0.7 |
119 |
|
|
and |
48 |
48.8 |
0.8 |
544 |
|
|
and |
57 |
57.6 |
0.6 |
206 |
|
|
and |
62 |
63 |
1 |
166 |
|
|
RR-17-04 |
6 |
7 |
1 |
399 |
|
|
and |
7 |
8 |
1 |
339 |
|
|
|
|
|
|
|
|
|
*True thickness of all above mineralized intervals still to be
determined. **AuEq calculated assuming Au USD$1,275/oz and Ag
USD$16/oz.
This news release includes certain
forward-looking statements concerning the future performance of our
business, its operations and its financial performance and
condition, as well as management’s objectives, strategies, beliefs
and intentions. Forward-looking statements are frequently
identified by such words as “may”, “will”, “plan”, “expect”,
“anticipate”, “estimate”, “intend” and similar words referring to
future events and results. Forward-looking statements are based on
the current opinions and expectations of management. All
forward-looking information is inherently uncertain and subject to
a variety of assumptions, risks and uncertainties, including the
speculative nature of mineral exploration and development,
fluctuating commodity prices, competitive risks and the
availability of financing, as described in more detail in our
recent securities filings available at www.sedar.com. Actual events
or results may differ materially from those projected in the
forward looking-statements and we caution against placing undue
reliance thereon. Teuton Resources Corp. does have an ongoing
obligation to disclose material information, as it becomes
available.
The TSX Venture Exchange has neither approved nor
disapproved the information contained herein.
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