Teuton Resources Reports 90.5m of 1.21 g/t Gold at Treaty Creek, Including 70.5m of 1.47 g/t Gold
11 January 2018 - 12:30AM
Teuton Resources Corp. (“Teuton” or “the
Company”) (TSX-V:TUO) (FRANKFURT:TUC) is pleased to report
another excellent intersection of gold mineralization on the Treaty
Creek property, situated north of the KSM property of Seabridge
Gold 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-17-12, a step-out hole drilled this
year in the northeastern extension area of the Copper Belle zone,
intersected several mineralized zones where the most significant
was 90.5 meters of continuous mineralization grading 1.21 g/t gold
from 24 to 114.5 meters depth, including an
intercept of 70.5m grading 1.47 g/t gold from 31.5 to 102
m. Hole CB-17-12 was a 564m hole
that was collared adjacent to the west side of Treaty glacier in an
area freshly exposed by melt-back of ice. Hole CB 17-12 is
110 meters south of a hole drilled in 2016: CB-16-03—which
graded 58 meters from 88 to 146 meters of 1.11 g/t Au and 122
meters from 304 to 426 meters of 0.97 g/t Au. (See map—URL at end
of release).
Drill results for hole CB-17-12 are summarized
in the table below:
Hole-ID |
From (m) |
To (m) |
Interval (m)* |
Au (g/t) |
Ag (g/t) |
Cu (%) |
CB-17-12 |
24.00 |
114.50 |
90.50 |
1.21 |
4.22 |
0.016 |
including |
31.50 |
102.00 |
70.50 |
1.47 |
5.26 |
0.018 |
|
147.50 |
198.50 |
51.00 |
0.84 |
3.44 |
0.019 |
|
206.00 |
228.50 |
22.50 |
1.05 |
0.66 |
0.004 |
*True widths of the mineralization have not been
determined.
Walter Storm, President and CEO of Tudor Gold
stated: “We are delighted to start the New Year with
additional encouraging results from our 2017 exploration program at
Copper Belle. The long intercepts of gold/silver mineralization
starting near surface, continue to demonstrate the pervasiveness of
this gold system with excellent grades to date that are open at the
south and north extensions. More assays have been received
and should be available within one
week.”
Tudor Gold’s 2016 Magnetotelluric Geophysical
Survey program (MT Survey) was effectively utilized as a guide for
the 2017 drill program. The MT Survey suggests that the
mineralization continues to the southwest, toward the Iron Cap
deposit of Seabridge Gold Inc. The MT Survey also suggests that the
mineralized zone is open along strike and to depth. Tudor Gold’s
2017 drill program was located five kilometers north of Seabridge
Gold’s Iron Cap deposit and Tudor Gold intends to step out to the
south in its 2018 program to see if it confirms a relationship
between the two areas.
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.
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. Eleven 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 Hole CB-17-12 in the Copper Belle zone can be
found at:
http://teuton.com/wp-content/uploads/2018/01/graphic.jpg
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
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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