(TheNewswire)
September 29, 2020 - TheNewswire - Vancouver, Canada - Teuton Resources Corp. ("Teuton" or "the Company") ( TSXV: TUO) ( Frankfurt: TFE) has received anexploration update from its optionee, Decade Resources, regardingrecent work on both the Lord Nelson and Del Norte properties, located in the Golden Triangle region ofnorthwest British Columbia.
Lord Nelson Exploration
Highlights of work to date on the Lord Nelson propertyinclude:
-
- Exploration on the Lord Nelson tenures indicategold-copper bearing stringers in a stockwork zone that is at least 120to 200 m wide.
- Work to date indicates that the zone appears to be atleast 1.2 km long.
- Gold values ranging from 0.7 to 475 g/t and coppervalues ranging from 1.4 to 11.9% in grab samples were obtained.
- The newly defined zone is along the Lord Nelson/DelNorte property boundary.
The following table shows theresults for sampling on this newly outlined zone:
--------------------------------------------------------- |Sample Number|Sample Type |g/t Gold|g/t Silver|% Copper| |-------------------------------------------------------| |A20-62 |Grab |36.5 |133 |0.72 | |-------------------------------------------------------| |A20-63 |0.7m channel|10.3 |98.7 |0.74 | |-------------------------------------------------------| |A20-93 |Grab |5.18 |15.4 |1.4 | |-------------------------------------------------------| |A20-94 |Grab |475.0 |>100 |11.9 | |-------------------------------------------------------| |A20-95 |Grab |0.70 |9.4 |2.43 | |-------------------------------------------------------| |A20-96 |Grab |2.71 |>100 |8.59 | |-------------------------------------------------------| |A20-97 |Grab |3.23 |41.4 |3.1 | |-------------------------------------------------------| |KKM-03 |Grab |119.0 |25.5 |8.99 | |-------------------------------------------------------| |KKM-04 |Grab |32.0 |26.0 |3.56 | ---------------------------------------------------------
*Grab samples are solely designed toshow the presence or absence of any mineralization and to characterizethe metal tenor in this mineralization. Grab samples are by definitionselective and not intended to provide nor should be construed as arepresentative indication of grade or mineralization at the property;and the grab samples analysed from the property reflect a broad rangein grade from below detection limit to the grades highlightedherein.
Sampling was conducted over an area that was at least100 m in diameter where mineralization was exposed. A photo ofmineralized outcrop showing abundant copper carbonates isattached.
Del Norte Exploration
The Company has completed over 4500 m of drilling in 19holes to date testing both the "Argo" zone --a 115 m widenorth-south zone of deformation and the newly discovered Eagle's Nestzone. The drilling has indicated that mineralization is hosted byblack mud lapilli tuffs that appear to have repeat sections due tothrusting and faulting. Mineralized zones host sulphides includingpyrite, sphalerite, galena and tetrahedrite mineralization along withsections mineralized by fine acicular arsenopyrite. First assays areexpected within the coming weeks.
A photo of a 20 m mineralized section of core andquartz with sulphides is attached (from DDH-20-17).
With the prospect of colder weather, drilling is nowbeing conducted at lower elevations in order to further define thesilver-gold system on the property.
E. Kruchkowski, President of Decade Resources stated:"the Company has had a very successful program in spite of thelate July start and bad weather conditions. It is a tribute to thegeologists and drillers working on behalf of the Company. It is notoften that a company can have 2 very successful exploration programsthat are operating concurrently. The Company hasbeen able to farm into 2 highly prospective areas that have anabundance of both mineral showings and types. We look forward to theresults which will aid in future programs."
Decade reports that exploration work is being conductedfrom Stewart in order to avoid a camp situation that may lead tohealth concerns due to the COVID-19 virus. The Company uses a Stewartbased helicopter for support. A pad building crew, diamond drill crewand support staff mobilize on a daily basis from a staging area nearthe project. The geological crew is one that the Company has relied onfor a number of years and which has intimate knowledge of theproperty.
All drill cores in this program are NQ in size. Thecore is brought into Stewart on a daily basis where it is logged forcutting on a diamond saw. Assays are to be completed on sawn halfcores, with the second half kept for future reference. The sampleswill be analyzed using 30 element ICP and standard fire assayprocedures with atomic absorption (AA) finish on samples yielding agrade higher than ten g/t Au. Standard reference materials and blanksamples were inserted prior to shipment for quality assurance andquality control (QA/QC) program.
Analysis will be performed by Activation LaboratoriesLtd in Kamloops BC.
Qualified Person
The Qualified Person for this news release for thepurposes of National Instrument 43-101 is Decade Resources president,E. Kruchkowski, P. Geo. He has read and approved the scientific andtechnical information that forms the basis for the disclosurecontained in this news release. Dino Cremonese,P. Eng., is the Qualfied Person for Teuton Resources and as Presidentis not independent of the Company.
About Teuton
Teuton owns interests in more than thirty properties inthe prolific "Golden Triangle" area of northwest BritishColumbia and was one of the first companies to adopt what has sincebecome known as the "prospect generator" model. Ten ofthese properties are currently under option to third parties. Over$4 million in option cash and share payments has been generated fromthese properties since 2015, including properties where optionees havealready earned their interest.
One of Teuton's properties, the Treaty Creek, ispresently the subject of a multi-million dollar exploration programtesting the Goldstorm zone with six diamond drills. Teuton was theoriginal staker of this property, assembling the core land position in1985. It presently holds a 20% carried interest in Treaty Creek(carried until such time as a production decision is made) as well asa 0.98% NSR in the claims covering the Goldstorm zone. A 0.49% NSR isowned in the peripheral claims. None of the NSRs are subject to abuy-back. Teuton also owns eight other royalties in the SulphuretsHydrothermal System with interests ranging up to 2.5%, none of whichare subject to a buyback. Interested parties can access informationabout 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.
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constituteforward-looking information. These statements relate to future eventsor future performance. 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 statements relating to future plans, objectives or expectationsof the Company are forward-looking statements that involve variousrisks and uncertainties. There can be no assurance that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company's plans or expectations includerisks relating to the actual results of current explorationactivities, fluctuating gold prices, possibility of equipmentbreakdowns and delays, exploration cost overruns, availability ofcapital and financing, general economic, market or businessconditions, regulatory changes, timeliness of government or regulatoryapprovals and other risks detailed herein and from time to time in thefilings made by the Company with securities regulators. The Companyexpressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information,future events or otherwise except as otherwise required by applicablesecurities legislation.
Sample of copper - gold bearing rock from the Lord Nelsontenures.
Photo showingabundant quartz and fine sulphide in DDH-20-17.
Photo showingsmeared mineral in DDH-20-17
Copyright (c) 2020 TheNewswire - All rights reserved.