(TheNewswire)
March 11, 2021 - TheNewswire - Vancouver, Canada - Teuton Resources Corp. (“Teuton” or “the Company”) ( TSXV: TUO) (OTC:TEUTF) ( Frankfurt; TFE) has received areport from its optionee, Decade Resources, regarding assays and check assays for a further 20 drill holes from the2020 program on the Del Norte property, located 34 km east of Stewart in BC’s “Golden Triangle”. This portion ofthe 2020 drill program was designed to test a number of targetsgenerated by a comprehensive review of past work on the property andaugmented by prospecting discoveries made early in the field season(such as the Eagle’s Nest). The greatestsuccess came in the realization that the Argo zone is a separatemineral system carrying appreciable gold-silver values with robustwidths up to 30-50m. It does not appear to outcrop within theproject area. The Argo deformation corridor is composed ofargillites and lapilli tuffs brecciated and sheared withquartz-carbonate-sulphide cemented breccias, replacement zones andveins. Breccia fragments, composed mostly of argillite are veryangular ranging in size from less than 1 cm to 10 cm across.Mineralized zones host sulphides including pyrite, sphalerite, galenaand tetrahedrite mineralization along with sections mineralized byfine acicular arsenopyrite. It is near the volcanic–sediment contactin rocks analogous to those hosting the Eskay Creekmineralization.
Highlights of drilling into the Argo zoneinclude:
-
- 1049.64 g/t Ag eq over 6.03 m inDDH DN20-18, included within an interval grading 119.95 g/t Ag Eq over58.37m
- 2128.48 g/t Ag eq over 2.46m in DDHDN20-20, included within an interval grading 221.03 g/t Ag eq over34.09m
Ed Kruchkowski, President of the Company comments;“ The Company was verysuccessful in outlining numerous silver rich areas for furtherexploration. Our drilling was restricted to available rock islands butwith the recession of glacial ice, these will have become bigger forthis year’s program. The newly identified Argo zone will be thefocus of exploration in 2021. At the start of the past season’sprogram there were 2 main silver bearing trends outlined and at theconclusion of 2020 exploration, the Company had defined 6 differentsystems. The zones show great continuity and grades over longdistances. At the start of the 2020 field season exploration, newinterpretations had indicated a possible wide zone of mineralization,that was named the Argo zone. It does not outcrop and is at depth justto the west of the LG vein. The shallow 2020 holes did not intersectthis zone but the deeper holes were successful in confirming the zoneas well as indicating the presence of appreciable mineralization. Workin 2021 will aim at expanding the area of this deeper mineralizationwith much closer spaced holes as well as testing new zones.Recommendations from the Company consultants include a program costing2 million dollars”
Both DDH DN20-18 and 20 were the deepest intersectionson the Argo zone and as they were collared 500m from each otherindicate excellent potential for establishing tonnage with continueddrilling in 2021. Further drilling on close spaced intervals willexpand on the new zone.
The 2020 drilling was also designed to establish therelationship of the LG vein to the Kosciuszko zone and to test any newmineralization such as the Eagle’s Nest that was found during theprogram. Drilling in 2020 took place from 5 different rock islands(nunataks) located in the South Nelson glacier area. Drilling was westof the LG vein area which received testing in 2003-2006 drillprograms. DDH DN20-3 to 9 was from Pad #2 and DDH DN20-10 to 15 wasfrom Pad #3. The area tested was roughly 600m N-S and 400m E-W.
Because of the reconnaissance nature of the drillingtesting multiple targets and also partially because of the limitedopportunities to site a drill pad, not every hole intersectedmineralization. The holes with significant assay results are shownbelow:
DDH # | Zone | From (m) | To(m) | Width (m) | Au g/t | Ag g/t | Ag g/t eq |
DN20-10 | Eagle’s Nest | 90.68 | 96.93 | 6.2 | 5.3 | 35.88 | 433.38 |
DN20-11 | Eagle’s Nest | 21.87 | 22.25 | 0.38 | 2.39 | 79.0 | 258.25 |
and | 132.74 | 135.64 | 2.9 | 0.085 | 77.20 | 83.575 | |
DN20-15 | Eagle’s Nest | 26.21 | 29.26 | 3.05 | 0.94 | 108.04 | 178.54 |
DN20-18 | Argo | 192.18 | 250.55 | 58.37 | 0.86 | 55.45 | 119.95 |
Incl | 227.91 | 231.65 | 4.95 | 6.03 | 597.39 | 1049.64 | |
DN20-19 | Argo | 154.84 | 161.85 | 7.01 | 5.3 | 86.39 | 483.89 |
DN20-20 | Argo | 109.2 | 143.1 | 34.09 | 2.02 | 69.53 | 221.03 |
Incl | 109.2 | 111.48 | 2.46 | 17.5 | 815.98 | 2128.48 | |
Incl | 139.67 | 143.1 | 3.43 | 4.14 | 38.6 | 349.1 | |
DN20-21 | Argo | 150.30 | 151.22 | 0.91 | 3.52 | 50.2 | 314.2 |
and | 177.59 | 179.88 | 2.29 | 1.51 | 99.8 | 213.05 |
Analytical values have been rounded. True widths are unknown at this time.
*Silver-equivalent values for goldand silver only (no base metals), calculated assuming 100% metalrecovery. Assumptions: US$25/oz silver, US$1800/oz gold: 1:72ratio.
D. Cremonese, P. Eng., President of Teuton commented asfollows: “The discovery that the Argo zone represents a uniquesystem with what appears to be increasing widths and silver-richgrades at depth establishes a prime target for follow-up drilling in2021. I would like to thank Ed Kruchkowski, president of Decade, andhis two top geologists, Alex Walus and Krzysztof Mastalerz, forrunning an excellent work program during a year made difficult by theCovid pandemic.”
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.
Analyses were performed by Activation Laboratories Ltd. in Kamloops, BC, an accredited facility. Ed Kruchkowski, P. Geo., aqualified person under National Instrument 43-101 for Decade Resourcesis responsible for the contents of this release. D. Cremonese, P.Eng., is the Qualified Person for Teuton Resources Corp. He has notindependently verified the assay results but has no reason to believethey are inaccurate. Mr. Cremonese, as President of Teuton, is notindependent of the Company.
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.
Interested parties can access information about Teutonat the Company’s website, www.teuton.com .
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 statements contained in thispress release constitute forward-looking information. These statementsrelate to future events or future performance. The use of any of thewords "could", "intend", "expect","believe", "will", "projected","estimated" and similar expressions and statements relatingto matters that are not historical facts are intended to identifyforward-looking information and are based on the Company's currentbelief or assumptions as to the outcome and timing of such futureevents. Actual future results may differ materially.
All statements relating to futureplans, objectives or expectations of the Company are forward-lookingstatements that involve various risks and uncertainties. There can beno assurance that such statements will prove to be accurate and actualresults and future events could differ materially from thoseanticipated in such statements. Important factors that could causeactual results to differ materially from the Company's plans orexpectations include risks relating to the actual results of currentexploration activities, fluctuating gold prices, possibility ofequipment breakdowns and delays, exploration cost overruns,availability of capital and financing, general economic, market orbusiness conditions, regulatory changes, timeliness of government orregulatory approvals and other risks detailed herein and from time totime in the filings made by the Company with securities regulators.The Company expressly disclaims any intention or obligation to updateor revise any forward-looking statements whether as a result of newinformation, future events or otherwise except as otherwise requiredby applicable securities legislation.
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