Teuton Resources Corp. Reports Progress in Resource Estimate Development at Copper Belle, Treaty Creek Property
June 5, 2018: Teuton Resources Corp. ("Teuton" or "the Company") ("TUO"-TSX-V) ("TUC"-Frankfurt) is pleased to pass on this report extracted from a June 4, 2018 news release from Tudor Gold, operator of the Treaty Creek property. Tudor Gold reports that work is most encouraging and that another 8 to 16 holes to depths of greater than 700m are recommended in order to publish a preliminary resource estimate.
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Figure 1: Copper Belle 3D Image
The Treaty Creek property adjoins to the 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. American Creek Resources also owns a 20% carried interest and Tudor Gold Corp. is the Operator with a 60% working interest (Tudor Gold pays for all costs up until a production decision is made).
Walter Storm, President and CEO, commented: "Our first priority now is to complete the work for our resource estimate followed by drilling other exciting targets confirmed by Simcoe Geoscience. The consolidated geophysical survey that combined acquired data from magnetotellurics (MT), magnetometer (Mag) and electromagnetic (EM) surveys has provided Tudor with several high priority anomalous drill targets. We expect that this summer's drill program will be very busy."
In Figure 1 above you can clearly see that the north end face of the Copper Belle (right) is cut-off demonstrating a continuation of the mineralized zone to the north. When looking at Figure 2 below, the Copper Belle anomaly also shows a strong continuation of mineralized structure that is open to the north, west and to depth. This was verified in the 2017 drill results and supports our priority focus for 2018 drilling on the Copper Belle extensions. The Konkin Zone anomaly is a high priority exploratory drill target that previously generated 870 g/t Au over a 1.2m channel sample.
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Figure 2: Treaty Creek Anomalies
In Figure 3 below an intense anomaly has been identified adjacent to the RR Zone and GR2 Zones
and represents another high priority exploration drill target. The GR2 assays from 2017 indicated
a high grade VMS strata-vein feeder system adjacent to this large anomaly. The anomaly itself is
believed to be a porphyry style structure similar to Copper Belle. Drilling this anomaly will advance
our understanding of the system and the potential for a new discovery.
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Figure 3: GR2 & RR Zone MagnetoTelluric Hot Spot
Qualified Person
The Qualified Person for the analytical information in this new release is James A. McCrea, P.Geo, for the purposes of National Instrument 43-101. 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.
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.
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information contained herein.
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