VANCOUVER, British Columbia, Jan. 10, 2018 (GLOBE NEWSWIRE) -- 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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