(TheNewswire)
September 28, 2020 - TheNewswire - Vancouver, Canada - Teuton Resources Corp. ("Teuton" or "the Company") ( TSXV: TUO) ( Frankfurt: TF E ) announces that it has appointed Ken Konkin, P. Geo., to itsBoard of Directors, subject to TSX-V approval.
Mr. Konkin is a professional geologist and is aregistered member with the Association of Professional Engineers andGeoscientists of British Columbia. He holds a Bachelor's Degree inGeological Sciences from the University of British Columbia (1984) andhas been working in the base and precious minerals industry and miningsector since 1981.
Mr. Konkin has 40 years of geological experiencethroughout North and South America as well as Russia. He worked forSilver Standard for 19 years and managed advanced exploration programsat Manantial Espejo (Argentina), San Luis and Berenguela (Peru) aswell as Snowfields (Pretium) in the Golden Triangle, British Columbia.Mr. Konkin was appointed the project manager for Pretium Resourcesafter it purchased the Snowfields-Brucejack project from SilverStandard in 2010. Subsequently, he was instrumental in the discoveryof the Valley of Kings deposit at the Brucejack Lake mine, aneight-million-ounce gold deposit currently in production. He spentseven years managing all aspects of the exploration programs atSnowfield-Brucejack. During his tenure with Pretium, the companyreceived the Bill Dennis award in 2013 recognizing an important and significant mineral discovery inCanada with potential economic viability (presented by the Prospectors & Developers Association of Canada);Mr. Konkin was also the co-recipient of the prestigious H.H."Spud" Huestis award for "excellence in prospecting andmineral exploration in B.C. and/or Yukon" in 2017.
Currently, Mr. Konkin is employed as Vice-PresidentProject Development at Tudor Gold, Operator of the Treaty Creekproject. He is in charge of the exploration program at Treaty Creekwherein six drills are presently exploring for gold, silver and coppermineralization. Tudor Gold owns a 60% interest in Treaty Creek, withTeuton and American Creek each holding 20% carried interests. Inaddition, Teuton owns a 0.98% NSR in the area including andsurrounding the Goldstorm gold-silver-copper deposit at TreatyCreek.
Dino Cremonese, P.Eng., President of the Company,commented as follows: "Ken Konkin has a long association withTeuton, first working for the Company back in 1986 when he discoveredthe Konkin gold zone at Treaty Creek within just a few hours ofstarting his first prospecting traverse. This zone yielded manyspecimens of beautiful, coarse native gold but is not the only suchdiscovery made by Ken for Teuton in those early years. In 2018 hecame back to work on Teuton's Pearson project and he would oftenaccompany me during my visits to Treaty Creek. He really liked the"look" of the diamond drill core there and within the nextsix months had hired on as Tudor Gold's top geologist. In the pasttwo years he has had a profound impact on the development at Treaty'sGoldstorm zone--Canadian billionaire Eric Sprott has now investedmillions of dollars into the project and is a large shareholder ofeach of Tudor, Teuton and American Creek. Ken is a superb geologist, agreat prospector and also a hard-nosed project supervisor. He will bean important asset to Teuton going forward."
The Board has authorized andapproved the granting of 200,000 stock optionsto Mr. Konkin exercisable at $2.78 for five years from today's date.
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 hasbeen generated from these properties since 2015, including propertieswhere optionees have already earned their interest.
Teuton was the original staker of the Treaty Creekproperty assembling the core land position in 1985. It presentlyholds a 20% carried interest in Treaty Creek (carried until such timeas a production decision is made) as well as a 0.98% NSR in the claimscovering the Goldstorm zone. A 0.49% NSR is owned in the peripheralclaims. None of the NSRs are subject to a buy-back. Teuton alsoowns eight other royalties in the Sulphurets Hydrothermal System withinterests ranging up to 2.5%, none of which are subject to a buyback. Interested parties can access information about Teuton at theCompany'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.
Copyright (c) 2020 TheNewswire - All rights reserved.