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Teuton Resources Corp.
Summary
| Project: | Treaty Creek | |
|---|---|---|
| Deposit: | Copper Belle Zone | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 1/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2018: Teuton Resources Corp. announces an Exploration/Drilling Update report for its Copper Belle Zone deposit at the Treaty Creek project. Drilling results incl. 337.5m @ 0.76g/t Au, 2.0g/t Ag, 0.017% Cu. January 24, 2018: Teuton Resources Corp. (“T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dino Cremonese (Internal) | |
| ABSTRACT: | January 24, 2018: Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) ("TUC"- Frankfurt) is pleased to report an additional 3 holes from a 27-hole, 2017 drill program on the Copper Belle zone within 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-17-27, a step-out hole drilled on the Copper Belle zone, intersected various mineralized zones where the most significant was 337.5m of continuous mineralization grading 0.76 g/t gold from 2 to 339.5m depth, including a higher grade intercept of 124.5m grading 0.98 g/t gold from 53.0 to 177.5m. Hole CB17-27 was a 602m hole that was collared adjacent to the west side of the Treaty glacier where ice ablation (glacier melt-back) has exposed new opportunities for exploration access. Hole CB-17-27 is 81m southeast of CB-16-03 that graded 1.11 g/t Au for 58m from 88 to 146m; and 0.97 g/t Au for 122m from 304 to 426m. Hole CB-16-03 was drilled uphill at a higher elevation. Walter Storm, President and CEO, stated: “As we analyze Treaty Creek from an overview perspective we find a very compelling image: Our discoveries, as expected, are closely related to the now-famous "Red Line" (Triassic/Jurassic contact), as predicted in the seminal research report by British Columbia government geologists Kyba and Nelson. | |
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