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Teuton Resources Corp.
Summary
| Project: | Treaty Creek | |
|---|---|---|
| Deposit: | Copper Belle Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 8/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Teuton Resources Corp. announces an Exploration/Drilling Update report for its Copper Belle Zone deposit at the Treaty Creek project. Drilling results incl. 337.8m @ 0.662g/t Au, 1.9g/t Ag, 0.016% Cu. August 27, 2018: Teuton Resources Corp. (“T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: James McCrea (Internal) | |
| ABSTRACT: | August 27, 2018: Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) ("TUC"-Frankfurt) reports initial results from a 2018 drill program on the Copper Belle zone of the Company’s Treaty Creek property in BC’s Golden Triangle of north-western BC. Gold assays have been received from the first two holes. To date, five holes have been completed, totalling 3,899 meters and the sixth and seventh holes are proceeding. Teuton owns a 20% carried interest in the property. American Creek Resources also owns a 20% carried interest and Tudor Gold, the operator, owns a 60% interest and is responsible for all costs up to the time of a production decision. The gold assays from the first two drill holes indicate broad intervals of more than 300 meters of gold mineralization that have expanded the known area of the Copper Belle zone, providing positive results that will be used in future resource calculations. Significantly, the first sighting of coarse visible gold has been made, within an interval that assayed 26.6 g/t gold over 1.5 meters in hole CB-18-32. Walter Storm, President and CEO of Tudor Gold, stated: “We are extremely encouraged by the broad intervals of gold mineralization encountered in the first two drill holes of the season at Copper Belle. The large step-outs with the drills will quickly evaluate a significant area of the porphyry system and we are prepared to drill deeper holes to explore the indications of continuing gold mineralization at depth. In addition, there is a three-kilometer interval between Tudor Gold’s Copper Belle discovery and Seabridge Gold's Iron Cap deposit, in which our magnetotelluric geophysical survey has identified strongly anomalous targets that have yet to be drill tested.” CB-18-31, the first hole of the season, is a step-out hole that has expanded the known extent of the Copper Belle zone some 100 m to the west of previous drilling. CB-18-32, which is located 190m south of hole 31, has also extended the zone more than 100m to the west. Current drilling continues to step out successfully to the west in large jumps of 100 to 150 meters, providing information about a sizeable portion of the porphyry-style mineralized system. The Copper Belle zone appears to be a relatively flat-lying body that is located along trend, to the northeast of the Iron Cap Au-Cu deposit on the adjacent property of Seabridge Gold Corp. Holes at Copper Belle in 2018 are testing a magnetic high that measures some 600 meters by 500 meters and has previously only been drilled along its eastern and southern margins. For locations of the 2018, and other, holes in the Copper Belle area that are overlain on Total Magnetics contours, please view the map below. | |
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