(TheNewswire)
February 19, 2021 – TheNewswire - Vancouver, Canada - Teuton Resources Corp. (“Teuton” or “the Company”) ( TSXV: TUO) (OTC:TEUTF) ( Frankfurt: TFE) has received a report from its optionee, Decade Resources,regarding an update to drill results announced on Feb. 11, 2021 fromthe Del Norte property, located 34 km east of Stewart in BC’s“Golden Triangle”.
The Feb. 11, 2021 results were based on ICP(Inductively Coupled Plasma) analyses. Check analyses performed byfire assay have shown significant enhancement in silver values for oneof the holes reported: Hole DDH DN20-01 registered an increase from386 g/t Ag eq to 1078 g/t Ag eq. Results of check assays for thesecond hole, DDH DN20-02, confirmed the initial ICP results. A tableshowing the check assay results for the two holes originally reportedfollows:
DDH # | From (m) | To(m) | Width (m) | Au g/t | Ag g/t | Ag g/t eq |
DN20-01 | 162.69 | 164.69 | 1.8 | 4.50 | 754.0 | 1078.0* |
DN20-02 | 167.72 | 171.45 | 4.34 | 0.78 | 42.68 | 98.9* |
Analytical values have been rounded.
*Silver-equivalent values for gold and silver only (nobase metals), calculated assuming 100% metal recovery. Assumptions: US$25/oz silver, US$1800/oz gold: 1:72 ratio. Decade ispresently running check fire assays for all elevated ICP silver valuesalready received from holes not yet reported.
A map showing the various silver-rich zones in thecentral portion of the Del Norte property has been included (see URLat the end of this release). The objective of the 2020 explorationprogram was to confirm past results, expand the area of mineralizationand follow up on some previous geological interpretations.
Ed Kruchkowski, President of Decade made the followingcomments; “ The Company wasvery successful in not only confirming previous results but outliningnumerous silver rich areas for further exploration. The property hasnumerous different mineralization styles and the Company focused onthe silver bearing veins and breccias. At the start of the programthere were two main trends outlined and at the conclusion of 2020exploration, the Company had defined six different trends. The zonesshow great continuity and grades over long distances. At the start ofthis year’s exploration, historic drilling had indicated a possiblewide zone of mineralization based on the Company’s interpretation,that was named the Argo zone. It does not outcrop and is at depth justto the west of the LG vein. Shallow holes did not intersect this zonebut the deeper holes were successful in confirming the zone as well asindicating the presence of appreciable mineralization. Work in 2021will aim at expanding the area of this deeper mineralization as wellas testing new zones.”
Analyses were performed by Activation Laboratories Ltd. in Kamloops, BC, an accredited facility.
Decade is currently earning an interest in the propertyby option from Teuton Resources. After spending $4 million on theproperty over five years Decade can earn up to a 55% interest, with anadditional option to expand that interest to 75% by taking theproperty to feasibility.
Ed Kruchkowski, P. Geo., a qualified person underNational Instrument 43-101 for Decade Resources is responsible for thecontents of this release. D. Cremonese, P. Eng., is the QualifiedPerson for Teuton Resources Corp. He has not independently verifiedthe assay results but has no reason to believe they are inaccurate. Mr. Cremonese, as President of Teuton, is not independent of theCompany.
About Teuton
Teuton owns interests in more than thirty properties inthe prolific “Golden Triangle” area of northwest British Columbiaand was one of the first companies to adopt what has since becomeknown as the “prospect generator” model. Ten of these propertiesare currently under option to third parties. Over $2 million inoption cash payments (not including appreciable payments made inshares) has been generated from these properties since 2015, includingproperties where optionees have already earned their interest.
Teuton was the original staker of the Treaty Creekproperty assembling the core land position in 1985. It presentlyholds a 20% carried interest in Treaty Creek (carried until such timeas a production decision is made) as well as a 0.98% NSR in the claimscovering the Goldstorm zone. A 0.49% NSR is owned in the peripheralclaims. None of the NSRs are subject to a buy-back. Teuton alsoowns eight other royalties in the Sulphurets Hydrothermal System withinterests ranging up to 2.5%, none of which are subject to a buyback. Interested parties can access information about Teuton at theCompany’s website, www.teuton.com .
A URL for the accompanying map can be found here: http://teuton.com/DelNorteSilverMap
Respectfully submitted,
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief ExecutiveOfficer
For further information, please visit the Company'swebsite at www.teuton.com or contact:
Barry Holmes
Director Corporate Development andCommunications
Tel. 778-430-5680
Email: barry@teuton.com
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
CautionaryStatements regarding Forward-Looking information
Certain statementscontained in this press release constitute forward-lookinginformation. These statements relate to future events or futureperformance. The use of any of the words "could","intend", "expect", "believe","will", "projected", "estimated" andsimilar expressions and statements relating to matters that are nothistorical facts are intended to identify forward-looking informationand are based on the Company's current belief or assumptions as to theoutcome and timing of such future events. Actual future results maydiffer materially.
All statementsrelating to future plans, objectives or expectations of the Companyare forward-looking statements that involve various risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany's plans or expectations include risks relating to the actualresults of current exploration activities, fluctuating gold prices,possibility of equipment breakdowns and delays, exploration costoverruns, availability of capital and financing, general economic,market or business conditions, regulatory changes, timeliness ofgovernment or regulatory approvals and other risks detailed herein andfrom time to time in the filings made by the Company with securitiesregulators. The Company expressly disclaims any intention orobligation to update or revise any forward-looking statements whetheras a result of new information, future events or otherwise except asotherwise required by applicable securities legislation.
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