Teuton Resources Corp. is pleased to announce that a zone of gold-bearing mineralization has been discovered on the Treaty Creek property, situated north of the KSM property of Seabridge Gold and the Brucejack property of Pretium Resources 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 Resources is the operator and owns a 60% interest and American Creek Resources owns a 20% carried interest.
The new zone was intersected in Hole HC-17-01 designed to test for northern extensions of GR2 zone mineralization as encountered in previous drilling in 2007 and 2009. Hole HC-17-01 intersected a stratabound, brecciated and silicified sulphide venting zone containing tetrahedrite, antimonial sulphosalts and pyrite located at the contact between an upper pervasively hydrothermally altered volcaniclastic unit and a footwall mudstone unit. The entire interval from 247.3 to 254.45m returned 7.15m of 6.20 g/t gold, including the venting zone—1.05m of 4.12 g/t gold from 247.3 to 248.35m---and the vented sulphides in the immediate footwall mudstones—5.1m of 9.57 g/t gold from 249.35m to 254.45m. True widths are uncertain at this time.
Five additional holes have been completed in this target and assays are pending. Concurrently, drilling is proceeding with a second drill on the adjacent Copper Belle zone on porphyry gold and gold-copper targets.
Walter Storm, President of Tudor Gold commented as follows: “We are very encouraged by the results from the first hole into this target, particularly as it appears gold mineralization is extending to the north. The style of mineralization, stratabound sulphides, particularly tetrahedrite, elevated gold values, hosted in mudstones, is also encouraging as it has affinities with the unique Eskay Creek mine mineralization located 12 km to the west.” Note: The existence of gold deposits on nearby properties is not necessarily indicative of the mineralization on Treaty Creek.
A third drill is being mobilized to the property.
All technical information for Tudor Gold Corp's Treaty Creek Gold Project is obtained and reported under formal quality assurance and quality control (“QA/QC”) procedures and guidelines. Tudor's procedures are designed to meet “Best Practices Guidelines” and National Instrument 43-101 standards of disclosure. QA/QC protocols for drill core sampling and assaying include the insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) to validate the accuracy and precision of the assay results.
All drilling samples were collected using a diamond HQ or NQ core drilling rig following industry standard practice. Activation Laboratories Ltd. prepared and assayed the samples at their laboratory in Kamloops, B.C. Gold samples are analyzed by a 30g Fire Assay method, then if Au>10 gpt is re-analysed by 30g Fire Assay with AAS finish. Ag is analysed by 0.5g Aqua Regia digestion, ICP-OES (along with other elements). Then if Ag>100ppm is automatically re-analysed by 30g FA with gravimetric finish.
The technical data in this news release was reviewed by by Raul Sanabria, M.Sc., P.Geo, EurGeol, Tudor Gold’s Exploration Manager and Qualified Person for the 2017 Treaty Creek field season. 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 has no reason to believe it is unreliable.