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Teuton Announces Drilling Update at Treaty Creek, Golden Triangle, BC; Annual General Meeting to be Held in September of 2020
(via TheNewswire) June 23, 2020 - TheNewswire - Vancouver, Canada - Teuton Resources C...
About this update from Teuton Resources Corp.
[{"type":"text","content":"Teuton Announces Drilling Update at Treaty Creek, Golden Triangle, BC; Annual General Meeting to be Held in September of 2020(via TheNewswire)\n\n \nJune 23, 2020 - TheNewswire - Vancouver, Canada - Teuton Resources Corp. (\"Teuton\" or \"the Company\") (TSXV:TUO) (Frankfurt:TUC) (OTC:TEUTF) has received a report from its joint venture partner Tudor Gold containing a non-material update of progress at the Treaty Creek property, located in the Golden Triangle of northwest British Columbia. Tudor Gold says it has added a third diamond drill rig to the 2020 program and that it is intensifying its exploration efforts. Diamond drilling started on the Goldstorm Zone with two drill rigs in May. \n\n\n \nTudor Gold Corp's V.P. Project Development, Ken Konkin, P.Geo. stated: \"The drilling has gone very well to-date given the early start in May. Both drill rigs are working extremely well as we outline the peripheral edges of the Goldstorm mineralization. We recognize that in order to achieve the goals of having our preliminary drill measured and drill indicated resource estimate completed for year-end, we need to accelerate our drilling production. The Goldstorm system is proving to be very large, as we have currently delineated 850m along the northeastern axis and 600m along the southeastern axis and just over 1,080m at its deepest point. Depending on the depths and widths of mineralization encountered, we may require more than three drills to complete this task. Furthermore, we will be drill testing the Perfect Structural Storm (PS2), a new geophysical and geological target located mid-way between our Goldstorm system and Seabridge's Iron Cap deposit. The first holes at PS2 will be located within a cluster of surface samples that have returned anomalous gold values.\" \n\n\n \nThe 2020 budget allows for 22,500 meters of drilling on the Goldstorm Zone. The gold-copper-silver mineralization remains open to the northeast and to the southeast, as well as to depth. The goal of the 2020 drilling program is to clearly define the limits of the mineralization to facilitate the resource calculations.\n\n\n \nWalter Storm, President and CEO of Tudor Gold stated: \"Our entire team has done an excellent job initiating an early start to our drill program in very difficult winter conditions. I am very pleased with the progress made to date. In an eff...