Teuton Resources Corp. ("Teuton") (TSX VENTURE: TUO) and American
Creek Resources Ltd. ("American Creek") (TSX VENTURE: AMK) and are
pleased to release the final batch of assay results comprising 18
of 32 holes from the 2009 drill program conducted at the Treaty
Creek Project located in northwestern British Columbia.
A promising new gold discovery was made on the Copper Belle:
Hole CB-14, the most northwesterly hole drilled on this zone to
date, ran 241 metres of 0.80 g/t gold and ended in mineralization.
The table below summarizes data for this hole:
Drill Hole From (m) To (m) Interval (m) Gold (g/t)
CB-14 114.00 355.70 241.7 0.80
including 114.00 158.00 44.00 0.56
including 193.85 248.00 54.15 1.44
including 262.00 355.70 93.7 0.89
Note: true widths are unknown at this time
Hole CB-14 is the longest interval of gold drilled to date at
Treaty Creek and compares favourably with holes reported by both
Seabridge Gold Inc. and Silver Standard Resources Ltd. at their KSM
and Snowfield properties, respectively, located immediately to the
south of Treaty Creek. Seabridge reported on January 11, 2010 that
the KSM's Mitchell zone now ranks as the largest gold deposit ever
found in Canada with 33.7 million ounces of measured and indicated
gold resources. The reported average gold grade for the Mitchell,
the largest of Seabridge's three deposits making up the KSM, is
0.60 g/t. Hole CB-14's gold grade, by comparison, is 0.80 g/t.
While not a true comparison, this provides a context for the
hole.
Commenting on the discovery, Mr. Cremonese, P.Eng., President of
Teuton Resources Corp., said: "This is truly an outstanding hole.
It puts Teuton and American Creek on the threshold of defining a
gold resource at Treaty Creek. We now know we have a gold deposit,
it just remains to determine the size." Mr. Cremonese further
commented: "Just three years ago Seabridge Gold drilled the first 8
holes at the Mitchell deposit and they averaged 267m in length and
0.79 g/t gold. Our discovery hole is in the same league. We look
forward to re-drilling this hole to its ultimate depth later this
year as well as many holes around it to establish a resource at the
Copper Belle."
Mr. Darren Blaney, Chief Operating Officer of American Creek
stated: "The drilling on Treaty just gets better and better. This
latest discovery hole on the Copper Belle zone combined with the
earlier VMS discovery on the GR2 really bodes well for the future
of the project. We are starting to unlock the geological potential
at Treaty and are looking forward to future drilling in 2010."
In addition to the wide interval of gold discovered in hole
CB-14, hole CB-16 also intersected similar grades with 49.2 metres
of 0.76 g/t gold. This hole also ended in the gold-rich mineralized
zone. The table below includes highlights from additional holes
drilled into the Copper Belle:
Drill Hole From (m) To (m) Interval (m) Gold (g/t)
CB-09-03 5.00 84.00 79.00 0.43
including 56.00 70.00 14.00 1.06
CB-09-04 108.00 124.00 16.00 0.73
CB-09-05 142.35 172.00 29.65 0.45
CB-09-05B 2.50 40.00 37.50 0.37
219.00 232.00 16.00 0.86
330.00 341.06 11.06(i) 0.50
CB-09-08 4.00 226.00 222.00 0.37
including 4.00 118.00 114.00 0.48
including 4.00 82.00 76.00 0.56
CB-09-09 3.00 137.00 134.00 0.40
including 55.00 95.00 40.00 0.55
CB-09-10 2.00 45.00 43.00 0.71
119.00 331.00 212.00(i) 0.47
including 119.00 137.00 18.00 0.85
CB-09-11 41.00 341.00 300.00 0.46
including 41.00 270.00 229.00 0.52
including 41.00 58.00 17.00 0.88
including 70.00 134.00 64.00 0.79
including 70.00 112.00 42.00 0.98
CB-09-12 81.00 117.20 36.20 0.76
including 99.00 117.20 11.80 1.77
225.00 251.00 26.00 1.00
303.00 321.20 18.20 0.68
CB-09-13 76.00 118.00 42.00 0.46
210.00 315.00 105.00 0.30
CB-09-15 88.00 164.00 76.00 0.63
including 88.00 136.00 48.00 0.84
including 88.00 124.00 36.00 0.98
CB-09-16 217.00 249.00 30.00 0.57
287.00 336.19 49.19(i) 0.76
including 304.00 336.19 32.19(i) 1.01
Note: true widths are unknown at this time
(i)Ended in mineralization.
Drilling on the Copper Belle zone returned wide intervals of
gold, expanding on positive drill results from 2007. Future
drilling will focus on enlarging the size of this bulk-tonnage
style gold-copper-molybdenum porphyry deposit with the objective of
defining a resource.
GR2 Zone
More high-grade intersections of silver and base metals were
discovered in the GR2 zone, expanding the size of this promising
new VMS discovery. Highlights from previous 2009 GR2 drilling
included gold intersections as high as 5.44 g/t over 14.5 metres
and silver intersections as high as 2,280.00 g/t over 0.50 metres
(see news release dated November 30, 2009).
The table below summarizes highlights from the final four GR2
holes:
Drill Hole From To Interval Gold Silver Cu Pb Zn
(m) (m) (m) (g/t) (g/t) (%) (%) (%)
GR2-09-08 138.67 141.15 2.48 --- 98.71 --- --- ---
including 140.15 140.65 0.5 0.91 212.00 --- --- ---
GR2-09-09 116.45 117 0.55 2.46 98.7 --- --- ---
GR2-09-09 192.75 194.50 1.75 --- 166.37 --- --- ---
including 193.25 194 0.75 --- 150 --- --- ---
including 194 194.5 0.5 --- 288 --- --- ---
GR2-09-09 213.75 234.70 20.95 1.22 --- --- --- ---
including 217.50 220.12 2.62 4.98 --- --- --- ---
GR2-09-10 238.70 239.40 0.70 0.89 36.8 --- 1.76 0.32
GR2-09-11 179.4 179.8 0.4 --- 238 --- 6.25 ---
191 191.3 0.3 --- 164 --- --- ---
207.9 208.8 0.9 --- 56.2 --- --- ---
236.75 238.20 1.45 --- 105.75 --- --- ---
including 237.95 238.20 0.25 --- 442 --- 9.89 ---
270 270.45 0.45 --- 236 1.07 5.51 2.67
279 279.5 0.5 3.60 60.1 0.57 1.36 0.56
279.5 280.05 0.55 --- 36.3 --- 1.8 ---
281.45 281.9 0.45 1.78 80.1 --- --- ---
Note: true widths are unknown at this time
With the completion of the 2009 drill program, the mineralized
structures in the GR2 zone appear to be continuous for over 250
metres along strike, and down-dip to depths of over 220 metres from
the surface. The system is still open in several directions and at
depth.
Eureka Zone
One hole was drilled in the Eureka zone in order to test
drilling conditions for planning a future drill program on this
target. Due to the nature of the rock, the upper portion of the
hole was drilled with a tri-cone bit resulting in no recovery until
a depth of 30.25 metres. Highlights of hole TG-01 included 60.25m
of 0.45 g/t gold from 30.25 to 90.90 metres. Copper increases in
quantity from this depth to the bottom of the hole, but the poor
recoveries obtained in this interval made the estimation of the
grades unclear. The hole had to be abandoned at 164.59 metres.
Future drilling in the Eureka zone will likely involve tri-coning
to a greater depth in order to reach stable rock before core
drilling.
Treaty Creek QA/QC
All 2009 Treaty Creek drill holes were surveyed using a
down-hole EZ-Shot probe to monitor drillhole deviations. All 2007
and 2009 drill collars were surveyed by a certified independent
surveyor, using a Leica GS50 differential GPS with less than 10cm
precision. The QA/QC protocol system employed during the 2009
exploration program included procedures for monitoring the
chain-of-custody of samples and the insertion of blanks and
reference standard samples in every batch of samples. Cross-check
analyses were conducted at a second external laboratory (ALS Chemex
Laboratories in Vancouver, BC) from blind duplicate samples. Drill
core samples were assayed at Eco-Tech Laboratory Ltd., in Kamloops,
BC using fire assay and atomic adsorption finish methods for gold,
aqua regia digestion with ICP finish methods for other elements,
and ore grade aqua regia digestion with AA finish for specific
mineralized intervals. Specific gravity for density measurements
was also determined in the assay procedures.
American Creek holds a 51% interest in the Treaty Creek Project
with Teuton holding the remaining 49%. Under the terms of the
Option Agreement with Teuton, American Creek has elected to earn an
additional 9% interest (for an aggregate total of 60%) by making
all expenditures necessary to bring the project to feasibility.
American Creek is the operator of the project. Exploration
activities are being conducted by American Creek personnel under
the supervision of Raul Sanabria, M.Sc., EurGeol., P.Geo., Vice
President, Exploration.
As previously stated, the Treaty Creek Project is located
directly north of and adjacent to the KSM project held by
Seabridge. Seabridge's proposed development concept for the KSM
deposit includes constructing twin tunnels to transport ore through
the heart of the Treaty Creek property. Seabridge presently has no
legal interest in the Treaty Creek mineral claims. Access would be
granted by American Creek and Teuton only on terms maximizing value
to their respective shareholders.
Raul Sanabria, P. Geo., is the Qualified Person for the purposes
of National Instrument 43-101 for the Treaty Creek Project. Mr.
Sanabria has verified and approved the contents of this news
release. Mr. Sanabria has not verified the resource results that
were previously disclosed by Seabridge Gold Inc. and Silver
Standard Resources Inc., respectively.
American Creek Resources Ltd. is a Canadian mineral exploration
company focused on the acquisition, exploration and development of
mineral deposits within the Province of British Columbia,
Canada.
Teuton Resources Corp. is a Canadian exploration company focused
on the Stewart region of northwestern British Columbia since 1982;
it is currently the largest landholder in the district.
Information relating to the Corporation is available on its
website at www.americancreek.com.
Information relating to Teuton is available at its website:
www.teuton.com.
Certain information contained in this news release constitutes
forward-looking statements regarding the Corporation's mineral
properties. Forward-looking statements are frequently characterized
by words such as "plan", "expect", "project", "intend", "believe",
"anticipate" or statements that certain events or conditions "may"
or "will" occur. Forward-looking statements are based on the
reasonable opinions and estimates of management of American Creek
and are subject to a variety of risks, uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
These factors include: the inherent risks involved in the
exploration and development of mineral properties, uncertainties
involved in the interpretation of drill results and other
geological data, fluctuating commodity prices, unforeseen
permitting requirements, changes in environmental laws or
regulations, the possibility of project cost overruns or
unanticipated costs and expenses, weather conditions, the
availability of contractors for equipment and services, the
availability of future financing and general business and economic
conditions. Such statements are also based on a number of
assumptions which may prove to be incorrect, including assumptions
about general business and economic conditions being accurate, the
timing and receipt of regulatory approvals for projects and
operations, the availability of financing, the ability to secure
equipment and labour, and American Creek's ongoing relationship
with third parties. The foregoing factors, risks and assumptions
are not exhaustive. Events or circumstances could cause actual
events or results to differ materially from those estimated or
projected and expressed in, or implied by, these forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements. These forward-looking statements are as
of the date they are made and American Creek disclaims any
obligation to update any forward-looking statements, except as
required by law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: American Creek Resources Ltd. Darren Blaney 403
752-4040 info@americancreek.com www.americancreek.com Teuton
Resources Corp. Gary Assaly 800-879-2333 gary.teuton@shawlink.ca
Teuton Resources Corp. 207-675 W. Hastings Street Vancouver, BC V6B
1N2 (604) 682-3680 or Toll Free: 1-800-879-2333 (604) 682-3992
(FAX) www.teuton.com
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