February 1, 2019, Vancouver, BC: Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX– V) (“TUC”- Frankfurt) has received a report from JV partner Tudor Gold concerning the Treaty Creek property 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. The report designates a new gold zone at Treaty Creek named “Goldstorm”. It was previously thought that gold mineralization identified by drilling northeast of the Copper Belle Zone was simply a northeast extension of that same zone, but after evaluating drill hole data from holes completed in 2016, 2017 and 2018, it appears that the mineralization encountered to the northeast of Copper Belle has different characteristics, configuration and geometry. While it is unclear whether the zones are genetically linked, these zones are physically separate. The surface drill hole location map at the end of this news release shows the location of both gold zones.
Tudor Gold’s recently appointed Exploration Manager, Ken Konkin (previously Project Manager at the neighbouring Pretium Resources’ Valley of the Kings gold mine) explains: “Goldstorm is a much larger system than Copper Belle, it is at least 300m wide and extends vertically for over 700m. The zone has been traced for approximately 500 meters along a northeastern azimuth. Gold mineralization appears to be continuing towards the northeast and southeast and clearly becomes stronger in the northernmost hole, CB18-39 which returned 563.8 meters of 0.981 grams per tonne gold. The upper portion of CB18-39 averaged 1.141 gpt gold over 280.5 meters and a lower zone in the same hole averaged 1.154 grams per tonne gold over 156 meters. This hole bottomed in mineralization and we will look at the option of re-entering the hole this year in attempts to extend the mineralization deeper. But the primary focus will be to extend the Goldstorm Zone along strike to the northeast and to the southeast as well.
Over the coming months, we hope to gain a better understanding of aspects that control gold mineralization. Re-examination of drill hole information has revealed the presence of a northwest dipping thrust fault that appears to define the upper contact of the Goldstorm system. The relationship of this fault to the formation of the mineral zone is an aspect of further study, as are the various styles of sulphide mineralization, silicification and alteration. Compilation and evaluation of this data will help in planning for the drilling campaign to be undertaken in the up-coming exploration season.”
The following table gives gold composite values over broad intervals from four drill hole sections that cut the Goldstorm Zone, incorporating results from diamond drill holes completed during 2016, 2017 and 2018. Low- grade gold mineralization occurs as a broad envelope which contains a horizon of stronger gold mineralization in the upper portion of the system. Furthermore, the drill hole sections demonstrate what appears to be the presence of a second, lower gold horizon. The corresponding sections 108+00 NE, 109+00 NE, 110+00 NE and 111+00 NE are displayed at the end of this news release.
Table I: Sections 108+00NE, 109+00NE, 110+00NE and 111+00NE Gold Composites
* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined.
In 2016 and 2017, drill core samples were prepared and analyzed at Activation Laboratories Ltd. in Kamloops, BC. In 2018, drill core samples were prepared by ALS Global’s Preparation Laboratory in Terrace, BC and assayed at ALS Global’s Geochemical Laboratory in North Vancouver, 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 and ALS Global Laboratories quality systems comply with the requirements for the International Standards ISO 17025: 2005.
The Qualified Person for the analytical information in this news release for the purposes of National Instrument
43-101 is Tudor Gold’s Exploration Manager, Ken Konkin, P.Geo. 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.
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 are just under $2 million since 2015, not including the value of shares received from the optioning companies.
Teuton owns a 20% carried interest (carried until a production decision is made) in the Treaty Creek property as well as a 0.98% Net Smelter Royalty in the core portion of the claims (0.49% in the outer perimeter) which is not subject to a buyback. It presently holds 2.2 million shares of Tudor Gold.
Shareholders and other interested parties can access information about Teuton at the Company’s website, www.teuton.com.
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
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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.
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