(TheNewswire)
September 21, 2021 - TheNewswire - Vancouver, Canada - TeutonResources Corp. (“Teuton” or “the Company”) ( TSXV: TUO) (OTC:TEUTF) ( Frankfurt: TFE) announces that its optionee, Decade Resources (“Decade”) , has reported further encouragingvisual results from Holes DDH-DN-21-14 to 16on the Del Norte property, situated withinBC’s “Golden Triangle”, 34 kilometres east of Stewart, BC.
Highlights of the recent drill holes include:
-
- 10m of quartz and sulphide withfine visible gold in DDH-DN-21-15.
- Visible gold associated withsphalerite in DDH-DN-21-16.
- Successfully intersecting the zonein every drill hole during the 2021 program.
- 2021 drilling indicates a strikelength of at least 1200m and height of at least 200m for the zonetested this season. Zone isopen both to the north and south and to depth.
Ed Kruchkowski, President of Decade Resources states:“Decade Resources is extremely pleased with the successful programto date on the Del Norte project. Decade Resources is also excited bythe continued presence of visible gold, silver minerals and strongbase metal mineralization in the latest drill holes. The drilling todate shows a great consistency along strike and to depth for themineralization between the various drill holes along the Argo/LG zone.It is one of 4 major mineralized trends identified to date. Any one ofthe identified zones has the size potential to host a mineral deposit.The geology of the mineralized zone suggests deposition along astratigraphic horizon similar to that hosting the Eskay Creek deposit.The Company will formalize 2022 field plans once all the assays havebeen received.”
Mineralization is located within a pyrite-rich,graphitic black mudstone horizon within black matrix lapilli tuffswith sub-intervals of dacite lapilli tuffs. The mudstone horizoncontains small rounded fragments of pyrite as well as fine stringersof sphalerite. Fracturing and faulting within this unit has resultedin the deposition of quartz and sulphides. The faulting has resultedin black graphitic gouge, crushed sulphides and quartz fragments.Mineralization include pyrites, sphalerite, galena and tetrahedritealong with visible gold and silver in the 2021 drill holes.
Core logging and processing of core continues andsamples are sent to MSA Labs in Terrace on a weekly basis.
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 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 .
Rock and Core Photos:
http://teuton.com/hole12gold (included for reference)
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-lookingstatements whether as a result of new information, future events orotherwise except as otherwise required by applicable securitieslegislation.
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