Teuton Resources Reports 149.1m of 1.78 g/t Gold at Treaty Creek, Including 59.2m of 2.84 g/t Gold
16 Janvier 2018 - 2:30PM
Teuton Resources Corp. (“Teuton” or “the
Company”) (TSX-V:TUO) (Frankfurt:TUC) is pleased to report
an additional 17 holes from a 27-hole, 2017 drill program on the
Copper Belle zone within 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.
A summary of drill results is provided in the
table below, including the most promising gold
intersection reported to date: Hole CB-17-26, which returned 149.1m
grading 1.78 g/t gold from 97.8 to 246.9m. Nearly all
holes drilled into the Copper Belle zone in 2017 have intersected
appreciable gold values resulting in an expansion of the size of
this growing mineral deposit.
Hole-ID |
From (m) |
To (m) |
Interval (m)* |
Au (g/t) |
Ag (g/t) |
Cu (%) |
CB-17-08 |
166.00 |
187.00 |
21.00 |
1.03 |
166.00 |
0.019 |
including |
166.00 |
182.50 |
16.50 |
1.27 |
1.54 |
0.013 |
CB-17-09 |
0.00 |
8.00 |
8.00 |
1.08 |
2.56 |
0.011 |
|
32.00 |
266.00 |
234.00 |
0.62 |
3.32 |
0.031 |
including |
51.50 |
105.50 |
52.50 |
0.68 |
1.63 |
0.013 |
including |
117.50 |
144.50 |
27.00 |
1.07 |
9.86 |
0.069 |
including |
150.50 |
191.00 |
40.50 |
0.83 |
1.55 |
0.023 |
|
275.00 |
288.50 |
13.50 |
1.21 |
5.20 |
0.020 |
|
438.50 |
447.50 |
9.00 |
0.80 |
1.50 |
0.003 |
|
518.00 |
549.50 |
31.50 |
0.98 |
1.86 |
0.009 |
CB-17-10 |
211.50 |
244.50 |
33.00 |
0.78 |
1.5 |
0.012 |
including |
222.00 |
241.50 |
19.50 |
1.16 |
1.72 |
0.014 |
|
252.00 |
268.50 |
16.50 |
1.97 |
1.37 |
0.006 |
CB-17-11 |
No Significant Values |
CB-17-13 |
147.00 |
151.50 |
4.50 |
1.27 |
0.60 |
0.001 |
|
468.00 |
495.00 |
27.00 |
1.03 |
1.66 |
0.028 |
CB-17-14 |
184.50 |
210.00 |
25.50 |
0.73 |
2.37 |
0.010 |
CB-17-15 |
220.00 |
230.70 |
10.70 |
1.02 |
1.2 |
0.007 |
|
242.90 |
256.60 |
13.70 |
1.22 |
4.5 |
0.003 |
CB-17-16 |
236.00 |
257.00 |
21.00 |
1.10 |
0.81 |
0.003 |
|
327.50 |
333.50 |
6.00 |
0.78 |
0.58 |
0.001 |
CB-17-17 |
25.50 |
39.00 |
13.50 |
0.60 |
0.56 |
0.001 |
CB-17-18 |
172.80 |
242.90 |
70.10 |
1.01 |
2.0 |
0.005 |
|
349.60 |
381.50 |
31.90 |
0.66 |
0.8 |
0.006 |
|
401.40 |
421.20 |
19.80 |
0.68 |
9.7 |
0.149 |
CB-17-19 |
2.00 |
47.00 |
45.00 |
1.33 |
21.9 |
0.010 |
including |
12.50 |
39.50 |
27.00 |
1.89 |
24.90 |
0.011 |
|
125.00 |
131.00 |
6.00 |
1.42 |
1.8 |
0.006 |
CB-17-20 |
5.20 |
34.10 |
28.90 |
0.80 |
3.0 |
0.029 |
|
121.00 |
130.10 |
9.10 |
0.99 |
2.6 |
0.005 |
|
148.40 |
182.00 |
33.60 |
0.76 |
1.2 |
0006 |
including |
160.60 |
182.00 |
21.40 |
1.10 |
1.52 |
0.004 |
|
210.90 |
252.00 |
41.10 |
0.56 |
1.8 |
0.010 |
CB-17-21 |
12.50 |
26.00 |
13.50 |
0.62 |
1.4 |
0.003 |
including |
12.50 |
17.00 |
4.50 |
1.22 |
3.67 |
0.005 |
|
69.50 |
156.50 |
87.00 |
0.33 |
0.7 |
0.008 |
CB-17-22 |
3.50 |
11.00 |
7.50 |
1.71 |
7.7 |
0.014 |
|
137.00 |
161.00 |
24.00 |
0.71 |
3.0 |
0.008 |
|
167.00 |
195.50 |
28.50 |
0.66 |
1.3 |
0.006 |
CB-17-23 |
2.10 |
12.20 |
10.10 |
1.46 |
1.1 |
0.005 |
CB-17-25 |
3.00 |
13.60 |
10.60 |
1.78 |
1.8 |
0.003 |
|
39.60 |
59.40 |
19.80 |
1.41 |
6.1 |
0.042 |
|
74.60 |
86.80 |
12.20 |
0.81 |
2.7 |
0.005 |
|
275.80 |
348.90 |
73.10 |
0.52 |
0.7 |
0.004 |
CB-17-26 |
97.80 |
246.90 |
149.10 |
1.78 |
2.8 |
0.009 |
including |
97.80 |
157.00 |
59.20 |
2.84 |
4.30 |
0.011 |
|
301.70 |
329.20 |
27.50 |
0.84 |
3.2 |
0.012 |
*True widths of the mineralization have not been
determined.
Walter Storm, President and
CEO, stated: “The
outstanding interval of gold mineralization in Hole CB-17-26--149m
of 1.78 g/t gold--contains the highest average gold grade yet
recorded for porphyry style mineralization on the Treaty Creek
property. It also ranks among the top tier, in terms of gold
grades, of the hundreds of holes drilled during the past fifteen
years into multiple porphyry targets on the adjoining KSM and
Brucejack-Snowfield properties of Seabridge Gold and Pretium
Reources, part of the same, large hydrothermal “Sulphurets”
system. The fact that we have achieved these kinds of grades in
only our second year after acquiring Treaty Creek speaks both to
the potential of the property and also the expertise of our
geological staff. This hole will serve to further guide our
exploration at Copper Belle in 2018, as well as the more than 3km
of ground yet to be explored between the Copper Belle and the Iron
Cap Zone of Seabridge Gold to the south, an area defined by
extensive magnetotelluric anomalies.”
Results from additional drill holes of the 2017
drill program at Copper Belle are still pending.
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.
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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