(TheNewswire)
Vancouver, Canada - TheNewswire - November 25, 2021 - Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV: TUO ) ( Frankfurt: TFE) and Silver Grail Resources Ltd. (“Silver Grail”) ( TSXV: SVG) has receivedassay results from five holes totalling 1,597 metres, one of which wasdrilled on the Midas property (owned 75% by Teuton, 25% by SilverGrail) with the remaining four on the Konkin Silver property (50%Teuton, 50% Silver Grail). All holes tested anomalies detected bypreviously flown, airborne geophysical surveys.
Regrettably, none of the holes encountered economicgold and/or silver mineralization.
D. Cremonese, P.Eng., President of both Teuton andSilver Grail commented as follows: “At the beginning of 2021 wedecided to drill three of more than twenty ZTEM anomalies discoveredduring surveys carried out in 2018 on various properties in theStewart region. Although 3 of the 4 holes drilled on the KonkinSilver property did intersect long intervals of sulphides, chieflypyrite, they were barren of precious metals. The one hole drilledon the Midas had to be discontinued for mechanical reasons before itreached target depth.
Drilling of the third target situated on the Eskay Riftproperty (100% Teuton) was postponed because of the lateness of theseason and the onset of inclement weather. The Eskay Riftproperty is located over 50 miles northwest of the Midas and KonkinSilver and is underlain by wholly different rock types. The ZTEMsignature is also much different and is interpreted by geophysicistsas likely being caused by copper and gold mineralization based onlocal considerations. We are very much looking forward todrilling this prospect in 2022. ”
Drill core samples were sent to MSA Labs’ PreparationLaboratory in Terrace, BC and assayed at MSA Labs’ GeochemicalLaboratory in Langley, BC. Analytical accuracy and precision aremonitored by the submission of blanks, certified standards andduplicate samples inserted at regular intervals into the sample streamby Teuton personnel. MSA Laboratories quality system complies with therequirements for the International Standards ISO 17025 and ISO 9001.MSA Labs is independent of the Company.
D. Cremonese, P.Eng., is the Qualified Person forTeuton. As President of the Company he is not independent.
About Teuton
Teuton owns interests in more than thirty properties inthe prolific Golden Triangle area of northwest British Columbia andwas one of the first companies to adopt what has since become known asthe “prospect generator” model. Teuton earned $3.9 million netincome in 2020 and a further $2.4 million in the first quarter of2021. Its income is derived from option payments.
Teuton was the staker of the Treaty Creek property,host to the large Goldstorm deposit, assembling the core land positionin 1985. It presently holds a 20% carried interest in Treaty Creek(carried until such time as a production decision is made). Interested parties can access information about Teuton at theCompany’s website, www.teuton.com .
About Silver Grail
Silver Grail owns interests in over 12 mineralproperties in the southern portion of the Golden Triangle, all locatedwithin 35km of the town of Stewart, BC. Many of these propertiescontain veins or shear zones hosting significant amounts of silvermineralization, others like the Clone property contain gold. Inaddition, the Company also owns interests in three other properties inBritish Columbia containing cobaltmineralization. At this time, the most prospective of these is thePacifico on northern Vancouver Island which has some of the mostanomalous cobalt stream geochemistry in the province.
Respectfully submitted,
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief ExecutiveOfficer,
Teuton Resources Corp.
Silver Grail Resources Ltd.
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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