Teuton Resources Reports on JV Partner Tudor Gold's 2018 Exploration Plans for Treaty Creek Property, Golden Triangle
TSX VENTURE: TUO
March 13, 2018 / TheNewswire / Teuton Resources Corp. ("Teuton" or "the Company") ("TUO"-TSX-V) ("TUC"-Frankfurt) is pleased to report that JV partner Tudor Gold has identified several targets for exploration in 2018 on the Treaty Creek property, situated northeast 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 is the Operator.
Drilling in 2017 at Treaty Creek has defined a 1,000m long area, open at both ends and to depth, carrying gold values in bulk tonnage style, porphyry zones of mineralization. The best hole to date returned 149.1m grading 1.78 g/t gold (see News Release dated January 16, 2018). Tudor is currently carrying out a resource calculation scheduled for release later in 2018.
The zone, called the Copper Belle, is located northeast of a string of four sizeable deposits on Seabridge Gold's KSM property, collectively holding the greatest undeveloped reserves of gold on the planet. All four of Seabridge Gold's deposits as well as the Copper Belle mineralization lie within the extensive Sulphurets hydrothermal system, considered to be one of the seven largest in the world (see URL for map at the end of the release: Sulphurets Hydrothermal System and KSM-Treaty Creek Long Section). The prominent Sulphurets Thrust Fault, spatially related to all of the Seabridge Gold deposits, passes northeastward from the KSM property into the Treaty Creek property.
2018 Exploration Targets
The principal exploration targets in 2018 are the northeast and southwest strike extensions of Copper Belle gold mineralization. In particular, efforts will be concentrated in the northeast sector of the Copper Belle where gold grades and widths appear to be improving, and gold intercepts are being intersected at surface or closer to surface. Magnetotelluric targets occurring to the southwest in the direction of the Seabridge Gold's Iron Cap deposit (which lies only 800m from the Treaty Creek boundary) will also be assessed for drilling.
Field geologists will also continue surface exploration to extend the strike of the GR2 zone (including HC and RR zones) and will evaluate the Orpiment, Konkin, SW and AW zones. One area lying 100m south of the AW zone returned float samples running to 255g/t gold, the source of which remains unidentified.
Beginning in the southwest corner of the Treaty Creek property, less than a kilometre from the Iron Cap deposit, is an area marked by a complex series of converging faults. Dubbed the "Thrust Fault Convergence Area", this locality also contains a number of geophysical features of note including a prominent EM anomaly lying next to a magnetic high as well as the continuation of a magnetic low northeast from the Iron Cap well into the Treaty Creek property. Although much of this area is under ice cover, there are also significant zones of rock exposure which can be sampled and geologically mapped. It is hoped that drill targets could be identified based on these surveys.
Dino Cremonese, P.Eng., President of Teuton Resources Corp., commented as follows: "Tudor Gold and its president, Walter Storm, are to be commended for their excellent exploration successes at Treaty in 2017. We look forward to the completion of the maiden resource calculation and the start of an ambitious exploration program later this year."
The Qualified Person for this news release is Dino Cremonese, P.Eng., who as President of Teuton is not independent of the Company. Much of the technical information contained in this news release comes from a previous news announcement by Tudor Gold (March 1, 2018) and for which James McCrea, P.Geo., Consulting Project Geologist for Tudor Gold, acted as Qualified Person.
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.
"Dino Cremonese, P.Eng."
President, Teuton Resources Corp.
Sulphurets Hydrothermal System:
KSM-Treaty Creek Long Section:
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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