(TheNewswire)
Vancouver, Canada –– TheNewswire - Teuton Resources Corp. (“Teuton” or“the Company”) (TSXV: TUO ) (OTC:TEUTF) (Frankfurt- TFE ) has been informed that its joint venturepartner, Tudor Gold Corp., has filed a Technical Report (the"Report"), which includes the Initial Mineral ResourceEstimate for the Goldstorm and Copper Belle Zones at the Treaty CreekProject (the “Property”), located within the heart of the GoldenTriangle of northwestern British Columbia and on trend fromSeabridge’s KSM Project located five kilometres southwest. TheReport is titled “Technical Report and Initial Mineral ResourceEstimate of the Treaty Creek Gold Property, Skeena Mining Division,British Columbia, Canada", dated April 23, 2021, with anEffective Date of March 1, 2021. Tudor Gold reports that thesummary results of the Report are as previously announced in its newsrelease dated March 9th, 2021 (and as reported in Teuton’s newsrelease of the same date) and there are no material differences in theMineral Resources between the Report and the previous news release.
The Report, prepared for Tudor Gold by P&E MiningConsultants Inc. (P&E), is available under Tudor Gold’s profile on SEDAR at www.sedar.com .
Qualified Person
Dino Cremonese, P. Eng., is the Qualified Person forTeuton Resources Corp. and as President is not independent of theCompany. He has not independently verified the technical informationcontained in the Report but has no reason to believe it isinaccurate.
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. Over $2 million inoption cash payments (not including appreciable payments made inshares) has been generated from these properties since 2015, includingproperties where 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). Interested parties can accessinformation about 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.
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-looking statements whetheras a result of new information, future events or otherwise except asotherwise required by applicable securities legislation.
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