Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.

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Teuton Resources Corp > Goldstorm resource estimate: +/- 8.6 million oz for 300H

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Comment by rockport1on Jan 15, 2021 2:12am

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Post# 32304006

RE:RE:Goldstorm resource estimate: +/- 8.6 million oz for 300H

Hi Doug,
Yes, it is good that are results are pretty close for the 300H zone. Gives me some confidence that I am in the right ball park.

However, I'm confused about your total Goldstorm estimate of 28.5 million oz AuEq. Without having done the calculations myself, I thought the other two zones shouls be far smaller at this point. Your total implies about 20 million for the pair.

Also, you state the entire Goldstorm is about 472 million tonnes at 0.67 g/t. Should this not be about 10 million oz AuEq?

Thanks if you can clarify for me.

stockzorg wrote:

rockport1 wrote:
Results:
387.7 million tonnes grading 0.67 g/t Au (and 0.73 g/t AuEq)
Gold: 8.629 million oz Au (and 9.433 AuEq)

Hi rockport1. We continue to be pretty close in our estimates. I am still cherry picking only the highest 300H grade area of only 800m X 450m. As a result I show a slightly lower number for Au of 8.14 million oz AuEq. That's on only 295 million tons at .85g/t AuEq.

Based on Iron Cap calculations as a baseline, for all of the 300H I show 9.5 million oz AuEq, so we are very close there.

The average grade x thickness for 300H I have at 250. You should show higher, since I'm cutting off at 350m depth. (The Goldilocks scenario that miners should find most compelling would be if they only have to dig a pit of 800x450x250 to get the 8 million oz. Can you imagine the ROI and payback period on that?)

For all of Goldstorm I show 28.5 million oz. AuEq. That's 472 million tons at .67g/t AuEq. The average grade X thickness is a huge 391.