(TheNewswire)
April 22, 2021 – TheNewswire - Vancouver, Canada –– Teuton ResourcesCorp. (“Teuton” or “the Company”) (TSXV: TUO ) (Frankfurt: TFE ) (OTC:TEUTF) has received a report from itsoptionee, Decade Resources, regarding the 2020 drill results from theLord Nelson property, located 34 kilometres east of Stewart in BritishColumbia’s Golden Triangle.
Drilling was completed to test an area with veins andlenses of high-grade copper and gold mineralization situated along theLord Nelson/Del Norte property boundary. The drilling was located atthe east edge of the copper-gold bearing zone to check for down dipextensions. It appears that the main zone tested by drilling has ashallow dip to the east and holes tested beneath it. Results from 9holes are shown below:
Hole No | From (m) | To (m) | Width | Cu % | Au g/t | Ag g/t |
DNLN-01 | 11.90 | 14.95 | 3.05 | 0.034 | 2.13 | 0.90 |
and | 24.10 | 28.82 | 4.73 | 1.31 | 1.75 | 3.11 |
DNLN-03 | 41.79 | 42.49 | 0.70 | 0.532 | 1.68 | 2.40 |
DNLN-05 | 23.79 | 24.19 | 0.40 | 1.21 | 0.608 | 3.0 |
and | 24.19 | 26.75 | 1.71 | 1.08 | 0.14 | 1.8 |
DNLN-06 | 26.93 | 27.94 | 0.61 | 0.349 | 2.46 | 5.20 |
DNLN-08 | 21.44 | 22.57 | 1.13 | 0.983 | 1.13 | 1.30 |
and | 23.49 | 26.54 | 3.05 | 1.06 | 0.40 | 1.60 |
Ed Kruchkowski, president of Decade Resources commentedas follows: ‘the LordNelson tenures require more exploration to establish the dip andstrike of the copper-gold bearing zones. There are numerous exposuresof copper-gold bearing horizon traced for 1.2 km and a width of200-300m. The horizon shows some similarities to the gold-copperreplacement horizon called the O-Zone on the south side of the DelNorte claims. In the O- Zone, the best drill intercept ran 15.2m grading3.63 g/t gold and 0.410% copper. The company also plans to run somemetallic check assays for gold on some of the drill holeintersections.”
Analysis were performed by Activation Laboratories Ltd.in Kamloops, BC.
Decade has the right to earn up to a 55% interest inthe Lord Nelson property under the following terms:
-
- Payment of $100,000 over 4 years with an initialpayment of $10,000.
- Issuing 400,000 shares of Decade on signing.
- Issuing an additional $90,000 of Decade stock over a4 year period.
- Expenditures of $2,000,000 over 5 years.
Decade has the right to earn an additional 20% byplacing the property into production. Teuton retains a 2% NetSmelter Royalty.
Ed Kruchkowski, P. Geo., a qualified person underNational Instrument 43-101 for Decade Resources is responsible for thecontents of this release. D. Cremonese, P. Eng., is the QualifiedPerson for Teuton Resources Corp. He has not independently verifiedthe assay results but has no reason to believe they are inaccurate. Mr. Cremonese, as President of Teuton, is not independent of theCompany.
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.
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.
Cautionary Statements regardingForward-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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