(TheNewswire)
August 26, 2021 - TheNewswire - Vancouver, Canada - TeutonResources Corp. (“Teuton” or “the Company”) ( TSXV: TUO) ( Frankfurt: TFE) announces thatits optionee, Decade Resources (“Decade”) , hasreported further highly encouraging visual results from the recently completed 12 th hole on theDel Norte property, situated within BC’s “Golden Triangle”, 34kilometres east of Stewart, BC.
Highlights of the recent drill hole include:
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- Native silver/acanthite observed assmeared zones in DDH-21-12.
- Visible gold associated withsphalerite (zinc sulphide), pyrite (iron sulphide), galena (leadsulphide) and tetrahedrite (copper-silver antimony sulphide).
- Heavy sphalerite, pyrite, galenaand tetrahedrite observed over 10m of core intersection.
- 2021 drilling indicates a strikelength of at least 250m and height of at least 120m for the latesthigh grade intersections.
- See this URL for photos of drillcore: http://teuton.com/del-norte-gold-native-silver-photos/
Ed Kruchkowski, President of Decade stated: “[Decade]is extremely excited by the presence of visible gold, silver mineralsand strong base metal mineralization in the latest drill hole. Thedrilling also shows a great consistency in mineralization between thevarious drill holes. This recent success was based on testing ofgeological modelling carried out after the completion of the 2020program.”
Dino Cremonese, P. Eng., commented as follows:“Visually, this intersection contains far more native gold thanseen in any other hole since the property was first drilled back inthe early 1990’s. It is encouraging also to see silver sulphosaltssuch as acanthite at multiple locations throughout the 10minterval.”
Mineralization is located within pyrite-rich, black mudlapilli tuffs with sub-intervals of dacite lapilli tuffs. Sulphidesinclude pyrite, sphalerite, galena and tetrahedrite along with visiblegold and silver in the 2021 drill holes.
The Del Norte property was optioned from TeutonResource Corp. in January of 2020 with terms allowing Decade to earnup to a 55% interest in the property by spending $4 million over afive year period. Decade can earn an additional 20% interest bycarrying the property to commercial production.
D. Cremonese, P.Eng., is the Qualified Person forTeuton Resources Corp.; as President of the Company he is notindependent. Although Mr. Cremonese has not personally verified theaccuracy of the technical information provided by Decade in the newsrelease, he has no reason to believe it is inaccurate.
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 original staker of the Treaty Creekproperty, host to the large Goldstorm deposit, assembling the coreland position in 1985. It presently holds a 20% carried interest inTreaty Creek (carried until such time as aproduction decision is made). Interested parties can accessinformation about Teuton at 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 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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