Teuton's Treaty Creek Project Yields Promising Drill Results, Expands Goldstorm Deposit
Vancouver, Canada -- January 12, 2022 -- NewsGenie -- Teuton Resources Corp. has announced final drill results from the 2021 resource expansion and definition drilling program at its Treaty Creek Project in British Columbia's Golden Triangle. The project, a joint venture with Tudor Gold Corp., focused on the Goldstorm Deposit and Calm Before the Storm Zone (CBS), and included surface sampling at the Eureka Zone.
The drilling program, comprising 30,108 meters, included three diamond drill holes at the Goldstorm Deposit and one at the CBS Zone, along with surface channel samples from the Eureka Zone. The Copper Belle-Goldstorm Deposit (CB-GS) is located near Seabridge Gold’s KSM deposits.
Key highlights from the drilling and surface sampling include:
- Goldstorm: Hole GS-21-125 intersected the DS5 domain, averaging 0.82 g/t AuEq over 258.0 m, including 1.91 g/t AuEq over 85.4 m. GS-21-127 intersected the top of DS5, returning 0.75 g/t AuEq over 46.5 m and 0.43 g/t AuEq over 70.0 m. GS-21-128 intercepted 0.61 g/t AuEq over 43.9 m within CS600, ending in mineralization averaging 1.31 g/t AuEq over 17.6 m.
- Calm Before the Storm: CBS-21-03 returned 0.85 g/t AuEq over 25.5 m near the surface and 0.61 g/t AuEq over 33.15 m further down, including a core of 0.94 g/t AuEq over 10.0 m.
- Eureka Surface Sampling: Channel sample line EK-21-CHN-01 extended the Eureka Zone 300 m north, returning 0.72 g/t AuEq over 139.0 m, including 1.01 g/t AuEq over 69.0 m.
Ken Konkin, P.Geo., President and CEO of Tudor Gold, noted the expansion of the Goldstorm system and the discovery of new drill targets. D. Cremonese, P. Eng., President of Teuton Resources, thanked the Tudor Gold crew for their work, highlighting the expansion of the Perfect Storm and Eureka zones, and the discovery of the Calm Before the Storm zone.
Plans for 2022 include drilling beneath the Eureka channel sample line and testing the model that Eureka is the eastern extension of the Goldstorm Deposit's DS-5 domain.
Teuton owns interests in over thirty properties in British Columbia’s “Golden Triangle” and was one of the first companies to adopt the “prospect generator” model. Teuton earned $3.9 million net income in 2020 and a further $2.4 million in the first quarter of 2021.
Teuton was the original staker of the Treaty Creek property and presently holds a 20% carried interest in Treaty Creek and a 0.98% NSR in the Goldstorm deposit area.