(TheNewswire)
May 2, 2024 – TheNewswire - Vancouver, Canada ––Teuton Resources Corp. (“Teuton” or “the Company”)(TSXV:TUO) (Frankfurt:TFE) has served atermination notice on Blackwolf Copper and Gold (‘Blackwolf”) inregard to the option agreement between Blackwolf’s subsidiary(Optimum Ventures) and Teuton on the Harry property located north ofStewart, BC. The notice was served because of a failure to meetcertain material obligations of the agreement.
Teuton’s Del Norte property, located east of Stewart,BC, is currently under option to Decade Resources (“Decade”). Decade on April 16, 2024 announced results of a sampling programconducted over steep terrain located at the crest of the ridgeseparating Del Norte and Nelson Creeks. The area is described asbeing underlain by an oxidized, porphyritic diorite intrusive,accompanied by an extensive quartz-sericite-pyrite alteration halo. Twenty-nine grab samples taken during the program returned valuesfrom trace to 30.9 g/t gold. The results are to be followed up in2024.
Photo of the sericite alterationzone, below
More details on the program are available in Decade’snews release dated April 16, 2024 on file with Sedar+.
Treaty Creek Property:
Teuton is pleased to announce that project operator andJoint Venture (“JV”) partner Tudor Gold ("Tudor") hasfiled a technical report (the "Report") concerning anupdated Mineral Resource Estimate on the Goldstorm Deposit (the"MRE" or "2024 Treaty Creek MRE") at the JV’sflagship Treaty Creek Project (the "Project") located in theGolden Triangle region of British Columbia. The Report is entitled"NI 43-101 Technical Report, Treaty Creek Project, BritishColumbia", with an effective date of April 5, 2024 and wasprepared for Tudor Gold by Garth Kirkham Geosystems and JDS Energy & Mining Inc. ("JDS"). The Report isavailable under the Tudor's profile on SEDAR at www.sedar.com or from theTudor's website at www.tudor-gold.com . Teutonretains a 20% carried interest in the joint venture, as well as a0.98% NSR in the Goldstorm deposit area.
Tudor put out a news release on April 8, 2024announcing the filing of the Report, which was based on technicalinformation previously released in a Mineral Resource Estimate datedFeb. 20, 2024. Teuton issued a detailed report at the same time,Feb. 20, 2024, and interested readers can reference it on Sedar+ underTeuton Resources or on the Company website, www.teuton.com.
Qualified Persons
E. Kruchkowski, P. Geo. is the Qualified Person fortechnical information in regard to work done on the Del Norte Propertyas presented in Decade’s news release of April 16, 2024. D.Cremonese, P. Eng. is the Qualified Person for Teuton Resources (asPresident of the Company he is not independent of the Company). Technical information presented in Teuton’s news release oftoday’s date is consistent with technical information in Decade’snews release dated April 16, 2024.
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. This model minimizesshare equity dilution while at the same time maximizing opportunity. Earnings provided from option payments received, both in cash and inshares of the optionee companies over the past 8 years, has providedTeuton with substantial income.
On Behalf of the Board of Directorsof Teuton Resources:
"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: bholmesmba@gmail.com
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Cautionary Statements regardingForward-Looking information
Certain statements contained in this press releaseconstitute forward-looking information. These statements relate tofuture events or future performance. The use of any of the words"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 future plans, objectivesor expectations of the Company are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurateand actual results and future events could differ materially fromthose anticipated in such statements. Important factors that couldcause actual 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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