news release--- stewart region set to become one of … · teuton resources corp. 202-2187 oak bay...
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![Page 1: NEWS RELEASE--- STEWART REGION SET TO BECOME ONE OF … · TEUTON RESOURCES CORP. 202-2187 Oak Bay Avenue Victoria, BC V8R 1G1 Phone: (604) 682-3680 Fax: 682-3992 Toll Free: 1-800-879-2333](https://reader034.vdocuments.mx/reader034/viewer/2022050203/5f56773a8cf3330b12632d0c/html5/thumbnails/1.jpg)
TEUTON RESOURCES CORP.
202-2187 Oak Bay Avenue
Victoria, BC V8R 1G1
Phone: (604) 682-3680 Fax: 682-3992
Toll Free: 1-800-879-2333
Website: www.teuton.com
NEWS RELEASE--- STEWART REGION SET TO BECOME ONE OF THE WORLD’S FOREMOST
GOLD MINING DISTRICTS
January 13, 2015, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ("TFE"-
Frankfurt) (“TEUTF”—OTCBB) reports the following regional exploration news for the Stewart district,
located in the southern portion of the Golden Triangle of northwestern British Columbia:
In 2014, three separate Stewart area gold properties—the KSM, Brucejack and Red Mountain—all made
significant advances towards attaining production. Two other properties, the Bow and the Premier, reported
discoveries of exceptionally high-grade gold (see accompanying map for locations). Although the year was
marked by falling gold prices and severely curtailed exploration by the juniors, it must be considered one of
the best on record for the region.
Over twelve months ago two BC Government geologists (Nelson and Kyba) wrote: “The Treaty Glacier-
KSM-Brucejack-Stewart trend is one of the most productive and promising in northwestern British
Columbia”. This sentiment can now be extended from British Columbia to the world. Total mineral
endowment at the KSM and Brucejack properties is phenomenal.1
Highlights of 2014 regional results are presented below:
KSM Property—After spending $200 million, Seabridge Gold was granted provincial and then federal
environmental approval for its $5.3 billion KSM Project . Exploration results continued to shine at both the
Deep Kerr and the Iron Cap. Hole K-14-45 cut 737 metres of 0.36 g/t Au and 0.59% Cu at the Kerr; Hole
IC-14-53 cut 514 metres of 0.68 g/t Au and 0.30% Cu, establishing a new major gold-copper discovery below
previous drilling at the Iron Cap.
Teuton’s High property controls all of the southward projection of favourable geology from the KSM
property, including the southward continuation of the Sulphurets thrust fault thought to be related to all of the
deposits at KSM. The Iron Cap deposit, located in the northern portion of the KSM property, lies just 800
metres southwest of Teuton’s Treaty Creek property (Teuton 49% interest).2
Brucejack Property—Pretium Gold continued work at the Brucejack property on its VOK high-grade gold
deposit. Late in 2014, Pretium announced that Zijin Mining Group was making an $81 million investment
into Pretium. Current plans call for commercial production in 2017. Pretium has spent more than $280
million exploring Brucejack.
Teuton’s High property controls all of the southward extensions of favourable geology from the Brucejack. A
new zone discovered by Teuton in 2014, the “Tuck”, recently exposed by melting ice, shows many of the
characteristics of those zones presently being explored at Brucejack (see news releases dated August 19,
August 26 and November 17, 2014 for details).2
Bow Property—Decade Resources reported three exceptional holes in 2014 at its Bow property, located
near the formerly producing Scottie Gold Mine. Results are as follows: 12.20m grading 56.70 g/t gold;
12.66m grading 39.43 g/t gold; and, 13.11m grading 27.54 g/t gold. The property is located along volcanic
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rocks on the boundary with the Summit Lake stock, part of the Texas Creek Plutonic suite in the Stewart area.
This suite of rocks is related to alteration and mineralization as found at the formerly producing Premier mine
and the KSM copper-gold porphyries/Brucejack Lake gold deposits.
Good potential exists to find similar mineralization on Teuton’s Tennyson property, located 6km west of the
Bow claim and also along the flanks of the Summit Lake stock.2
Premier-Dilworth Property—In 2014, Ascot Resources found a high-grade gold zone near the old Premier
Mine Pit. Several drill holes encountered very high gold grades, including: 1,395.0 grams per tonne gold
and 739.0 g/t silver over 1.0 metre (40.69 opt gold and 21.56 opt silver over 3.3 feet); 14,394.5 g/t gold over
0.75m (419.91 opt gold over 2.5 feet) , and 873.0 g/t gold over 1.00m (25.47 opt gold over 3.3 feet).
Teuton’s Harry property, which adjoins the Dilworth part of Ascot’s holdings to the west, features very
anomalous gold soil geochemistry. Source is yet to be determined.2
Red Mountain Property—IDM Mining acquired the Red Mountain gold property in 2014 and immediately
commissioned a 43-101 Preliminary Economic Assessment for the project. The aftertax base-case economics
at a 5-per-cent discount rate indicated an internal rate of return (IRR) of 32.8 per cent and a 1.5-year payback
of initial capital. Life-of-project direct operating cost was estimated at $516 (U.S.) per ounce of gold
recovered. IDM Mining also discovered and drilled two new high-grade gold zones in 2014. Gold
mineralization at Red Mountain is thought to be related to hornblende porphyry intrusions (Goldslide
Intrusions).
Teuton owns many properties surrounding the Red Mountain project, including the Del Norte, Midas, Konkin
Silver, Gold Mountain, Ram and Fiji claims. Certain of these properties host intrusion-related gold zones
similar to those found at Red Mountain.2
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as President and
CEO, is not independent of the Company. Mr. Cremonese has not independently verified any of the
technical information cited on properties adjacent to or close to the Teuton mineral properties.
Litigation Update
The three day hearing for the appeal of the Treaty Creek property decision has been adjourned and is now
scheduled to commence March 9, 2015. In December of 2014, Teuton had a fee dispute with its counsel who
thereafter asked to withdraw, citing professional and other reasons, including ethical reasons. The Company
can confirm that "ethical reasons" should not be taken as suggesting that Teuton or its principals have
conducted themselves in an unethical manner. Teuton is currently interviewing new lawyers to act as
counsel for the appeal. Teuton would also like to confirm that almost all of the work necessary to conduct the
appeal, such as the factum, appeal books, transcripts and related documents, has already been completed.
Interested readers can access a copy of Teuton’s factum at http://teuton.com/appeal-documents.
Respectfully:
“Dino Cremonese, P.Eng.”
President,
Teuton Resources Corp.
If you would like to be added to Teuton’s news distribution list, please send your email address to
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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.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
1Seabridge Gold—KSM Property—Mineral Resource (http://www.stockwatch.com/News/Sedardoc.aspx?docid=3105682)
PROJECT
Cut- Off Grade (g/T)
Measured Indicated Inferred
Tonnes (000’s)
Gold Grade (g/T)
Gold (000’s ozs)
Copper Grade (%)
Copper (million lbs)
Tonnes (000’s)
Gold Grade (g/T)
Gold (000’s ozs)
Copper Grade (%)
Copper (million lbs)
Tonnes (000’s)
Gold Grade (g/T)
Gold (000’s ozs)
Copper Grade (%)
Copper (million lbs)
KSM
Mitchell
Iron Cap
Sulphurets
Kerr
0.50¹
0.50¹
0.50¹
0.50¹
724,000
--
--
--
0.65
--
--
--
15,130
--
--
--
0.18
--
--
--
2,872
--
--
--
1,052,900
361,700
370,900
270,400
0.58
0.44
0.59
0.24
19,634
5,117
7,036
2,086
0.16
0.21
0.21
0.46
3,713
1,674
1,717
2,741
567,800
297,300
177,100
85,000
0.44
0.36
0.50
0.24
8,032
3,441
2,847
656
0.14
0.20
0.15
0.28
1,752
1,310
585
525
KSM Total -- 724,000 0.65 15,130 0.18 2,872 2,055,900 0.51 33,873 0.22 9,845 1,127,200 0.41 14,976 0.17 4,172
Deep Kerr $20 NSR¹
-- -- -- -- -- -- -- -- -- -- 514,700 0.36 5,914 0.53 6,052-
Pretium Resources—Brucejack Property—Mineral Resources
Valley of the Kings High-Grade Gold Mineral Resources
The June 2014 Feasibility Study is based on the December 2013 Mineral Resource estimate for the Brucejack Project (see news release dated December 19, 2013). The
Mineral Resource estimate was completed by Snowden Mining Industry Consultants (“Snowden”). The high-grade gold resources in the Valley of the Kings (5.0 g/t gold-
equivalent cut-off) total:
8.7 million ounces of gold in the Measured and Indicated Resource categories (15.3 million tonnes grading 17.6 grams of gold per tonne); and
4.9 million ounces of gold in the Inferred Mineral Resource category (5.9 million tonnes grading 25.6 grams of gold per tonne).
Pretium Resources—Snowfield Property—Mineral Resources
The gold resource at Snowfield now comprises 25.9 million ounces of measured and indicated gold resources and 9.0 million ounces of inferred resources at a cut-off grade
of 0.30 grams of gold-equivalent per tonne. Mineral resources also include silver resources of 75.8 million ounces measured and indicated and 51.0 million ounces of
inferred; copper resources of 2.98 billion pounds of measured and indicated and 1.10 billion pounds of inferred; molybdenum resources of 258.3 million pounds of measured
and indicated and 127.7 million pounds inferred; and rhenium resources of 22.5 million ounces of measured and indicated and 11.5 million ounces of inferred.
(http://www.pretivm.com/projects/snowfield/overview/default.aspx)
2There are no known resources or reserves on any of the Teuton mineral properties described in this news release. In addition, the
presence of gold deposits on properties adjacent to or in close proximity to the Teuton mineral properties is not necessarily indicative
of the gold mineralization on the Teuton mineral properties.
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I
LordNelson (Optioned to
Frontline Gold Corp.)
BA Property
Clone
³²
Silver Mtn
Silver Bell
Stamp
#*STEWART
(Optioned to Decade
Resources)
Ram
Gold Mountain
(Optioned to Decade
Resources)
Silver Crown 6
Silvercoin (Optioned to Decade
Resources)
Midas
(50% Great Bear,50% Mountain Boy)
BaySilver
(80% Jayden,20% Mountain Boy)
Harry
Red Cliff
Silver Crown
Pretium
Seabridge
Castle
Ç
Middle Jurassic
Rift
Stikinia Terrane
(51% American Creek,49% Teuton)
(25% Teuton, 25% Silver Grail,
50% Makena)
(75% Teuton, 25% Silver Grail)
LegendProperties owned by Teuton ResourcesProperties owned by Pretium ResourcesProperties owned by Seabridge GoldProperties owned by Decade ResourcesProperties owned by Mountain Boy Minerals Ascot Resources' Premier/Dilworth PropertiesProperties owned by Castle ResourcesEskay Creek Property (Barrick)Red Mountain Property (IDM Mining - Seabridge Gold)Stikinia TerraneRoad
ALASKA
BC
Bowser Lk.
Dilworth
TREATY
IRON CAPMITCHELL
SULPHURETS
GRANDUC
PREMIER
RED MOUNTAIN
DEL NORTE
KING TUTTUCK
HIGH SOUTH
FOUR J'S
TENNYSON
KERRDEEP KERR
Konkin Silver
(50% Teuton, 50% Silver Grail)
Bow Claim
Ascot Resources' High-Grade Gold 2014 Discovery
Seabridge Gold's $5.3 billion KSM Cu-Au Project
Receives Approval from Federal Government, Dec. 2014
Decade Resources' High-Grade Gold 2014 Discovery
Pretium's Valley of the Kings, High-Grade Gold Project Aims
for Commercial Production in 2017SNOWFIELD
BRUCEJACKVALLEY OF THE KINGS
BRIDGE
IDM Mining Works Toward Start-up of its Red Mountain Gold Project
ESKAY
0 5 10km
DATENTS. No. 103P/104A July, 2014FIGURE 1
TEUTON RESOURCES CORP. 2015 Teuton Mineral Properties
Stewart / Golden TriangleSkeena Mining Division, BC
Big Missouri
TIDE
ÇSCOTTIE GOLD