18:59:57 EDT Thu 03 Jul 2025
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Teuton Resources Corp (2)
Symbol TUO
Shares Issued 57,746,881
Close 2024-09-10 C$ 1.32
Market Cap C$ 76,225,883
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Teuton partner Tudor drills 13.5 m of 9.60 g/t Au on JV

2024-09-10 18:20 ET - News Release

Also News Release (C-TUD) Tudor Gold Corp

Mr. Dino Cremonese of Teuton reports

HIGH-GRADE GOLD TARGET EXPANDED AT TREATY CREEK IN BC'S GOLDEN TRIANGLE: DRILL HOLE GS-24-185 INTERSECTS 9.60 G/T GOLD EQ. (AUEQ) OVER 13.50 METERS WITHIN SUPERCELL-1C (SC-1C) IN A 140M STEP-OUT

Teuton Resources Corp. project operator and joint venture (JV) partner Tudor Gold Corp. has released results from the fifth hole completed in the 2024 exploration drilling program at the Treaty Creek property, located in the heart of the Golden Triangle of northwestern British Columbia. The 2024 program has recently been safely completed, totalling 10,530 metres (m), with all crews and drilling equipment demobilized from site.

The Supercell-One (SC-1) zone was identified earlier this year to represent a significant potential economic target that is within, and peripheral to, the CS-600 domain. The Supercell-One system has greatly expanded with the discovery of two additional subparallel (SC-1A and SC-1B) hydrothermal gold-bearing quartz micro-breccia systems above the original SC-1, now labelled as SC-1C. This reported intercept of high-grade gold mineralization within drill hole GS-24-185 expands the size of SC-1C greatly by stepping out from previous drilling intercepts by 255 m updip and 140 m along strike. The gold-rich SC-1 system occurs within an area measuring up to 800 m in length by 400 m in depth. All three subparallel structures remain open in all directions and to depth. Assays remain pending on an additional intercept of CS-600 domain in the lower section of GS-24-185.

SC-1C drilling highlights (2024)

Hole GS-24-185 intersected a high-grade interval of the Supercell-One system:

  • SC-1C: 9.60 grams per tonne (g/t) gold equivalent (AuEq) over 13.50 m (9.58 g/t gold (Au), 0.44 g/t silver (Ag) and 0.01 per cent copper (Cu)).

Ken Konkin, president and chief executive officer of Tudor Gold, commented: "We are very pleased with this newest high-grade result in the planned 140 m northerly stepout from GS-24-184, which intersected 8.09 g/t AuEq over 6.15 m, and a 250 m easterly stepout from GS-24-181, which intersected 5.31 g/t AuEq over 6.00 m (results from news release Aug. 13, 2024). As we continue to expand these systems of high-grade structures farther to the northeast, the gold grades and the size of the system are increasing. We are now focusing efforts on examining previous drill intercepts that carry similar high-grade gold values to determine how far the supercells may have pierced the nucleus of the Goldstorm domains. Our goal is to define the vascular system of the supercells as they may be entwined within the heart of the CS-600 domain and to continue to trace the extent of these systems in all directions. Although drilling has been completed for this season, results from the final three holes are pending. We believe that the discovery of numerous high-grade gold-bearing structures confirms the presence of a large hydrothermal gold-dominant, late-stage, overprinted system that will give the project a major economic advantage."

Drilling discussion

Section B:

  • GS-24-185: This hole was drilled to step out 140 m from previously drilled SC-1C mineralization, as well as infilling CS-600 mineralization at depth. The hole intersected 13.50 m grading 9.60 g/t AuEq (9.58 g/t Au, 0.44 g/t Ag and 0.01 per cent Cu) as part of the network of subparallel brecciated Supercell-One complex of structures. This hole also intersected mineralization typical of the CS-600 domain and assays that remain pending for this intercept will be released in the near future.

Qualified person

Ken Konkin, PGeo, is the qualified person, as defined by National Instrument 43-101, responsible for the Treaty Creek project. (Under the terms of the joint venture, Tudor Gold is solely responsible for financing and carrying out work at Treaty Creek until such time as a production decision is made.) Mr. Konkin has reviewed, verified and approved the scientific and technical information in the Tudor Gold news release dated Sept. 10, 2024. Technical information as presented in this news release by Teuton Resources is consistent with that published in the Tudor Gold release of Sept. 10, 2024.

QA/QC (quality assurance/quality control)

Diamond drill core samples were prepared at MSA Labs' preparation laboratory in Terrace, B.C., and assayed at MSA Labs' geochemical laboratory in Langley, B.C. 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 Labs' quality system complies with the requirements for the international standards ISO 17025 and ISO 9001. MSA Labs is independent of Tudor Gold and the company.

About Treaty Creek

Teuton was the original staker of the Treaty Creek property, host to the large Goldstorm deposit, assembling the core land position in 1985. It presently holds a 20-per-cent carried interest in the Treaty Creek project. (Tudor Gold is responsible for paying all exploration costs up until such time as a production decision is made and owns a 60-per-cent interest; American Creek Resources owns the remaining 20-per-cent interest, also carried.) Additionally, Teuton owns a 0.98-per-cent net smelter return royalty in the Goldstorm deposit area, as well as in the northern portion of the Perfectstorm zone; within the southern portion of the Perfectstorm zone, Teuton owns a 0.49-per-cent NSR royalty with an option to increase that to 1.49 per cent by paying $1-million to the current owner. It also owns numerous additional royalty interests within the Sulphurets hydrothermal system on formerly 100-per-cent-owned properties such as the King Tut, Tuck, High North, Orion, Delta and Fairweather properties (King Tut and Tuck now owned by Newmont Mining; High North, Orion, Delta and Fairweather properties now owned by Goldstorm Metals).

The Treaty Creek project contains the Goldstorm deposit (a large gold-copper porphyry system), as well as several other mineralized zones.

About Teuton Resources Corp.

Teuton owns interests in more than 30 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. This model minimizes share equity dilution while at the same time maximizing opportunity. Earnings provided from option payments received, both in cash and in shares of the optionee companies over the past eight years, have provided Teuton with substantial income.

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