March 11, 2021 – Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) (“TFE”- Frankfurt) has received a report from its optionee, Decade Resources, regarding assays and check assays for a further 20 drill holes from the 2020 program on the Del Norte property, located 34 km east of Stewart in BC’s “Golden Triangle”. This portion of the 2020 drill program was designed to test a number of targets generated by a comprehensive review of past work on the property and augmented by prospecting discoveries made early in the field season (such as the Eagle’s Nest). The greatest success came in the realization that the Argo zone is a separate mineral system carrying appreciable gold-silver values with robust widths up to 30-50m. It does not appear to outcrop within the project area. The Argo deformation corridor is composed of argillites and lapilli tuffs brecciated and sheared with quartz-carbonate-sulphide cemented breccias, replacement zones and veins. Breccia fragments, composed mostly of argillite are very angular ranging in size from less than 1 cm to 10 cm across. Mineralized zones host sulphides including pyrite, sphalerite, galena and tetrahedrite mineralization along with sections mineralized by fine acicular arsenopyrite. It is near the volcanic–sediment contact in rocks analogous to those hosting the Eskay Creek mineralization.
Highlights of drilling into the Argo zone include:
- 1049.64 g/t Ag eq over 6.03 m in DDH DN20-18, included within an interval grading 119.95 g/t Ag Eq over 58.37m
- 2128.48 g/t Ag eq over 2.46m in DDH DN20-20, included within an interval grading 221.03 g/t Ag eq over 34.09m
Ed Kruchkowski, President of the Company comments; “The Company was very successful in outlining numerous silver rich areas for further exploration. Our drilling was restricted to available rock islands but with the recession of glacial ice, these will have become bigger for this year’s program. The newly identified Argo zone will be the focus of exploration in 2021. At the start of the past season’s program there were 2 main silver bearing trends outlined and at the conclusion of 2020 exploration, the Company had defined 6 different systems. The zones show great continuity and grades over long distances. At the start of the 2020 field season exploration, new interpretations had indicated a possible wide zone of mineralization, that was named the Argo zone. It does not outcrop and is at depth just to the west of the LG vein. The shallow 2020 holes did not intersect this zone but the deeper holes were successful in confirming the zone as well as indicating the presence of appreciable mineralization. Work in 2021 will aim at expanding the area of this deeper mineralization with much closer spaced holes as well as testing new zones. Recommendations from the Company consultants include a program costing 2 million dollars”
Both DDH DN20-18 and 20 were the deepest intersections on the Argo zone and as they were collared 500m from each other indicate excellent potential for establishing tonnage with continued drilling in 2021. Further drilling on close spaced intervals will expand on the new zone.
The 2020 drilling was also designed to establish the relationship of the LG vein to the Kosciuszko zone and to test any new mineralization such as the Eagle’s Nest that was found during the program. Drilling in 2020 took place from 5 different rock islands (nunataks) located in the South Nelson glacier area. Drilling was west of the LG vein area which received testing in 2003-2006 drill programs. DDH DN20-3 to 9 was from Pad #2 and DDH DN20-10 to 15 was from Pad #3. The area tested was roughly 600m N-S and 400m E-W.
Because of the reconnaissance nature of the drilling testing multiple targets and also partially because of the limited opportunities to site a drill pad, not every hole intersected mineralization. The holes with significant assay results are shown below:
|DDH #||Zone||From (m)||To(m)||Width (m)||Au g/t||Ag g/t||Ag g/t eq|
Analytical values have been rounded. True widths are unknown at this time.
*Silver-equivalent values for gold and silver only (no base metals), calculated assuming 100% metal recovery. Assumptions: US$25/oz silver, US$1800/oz gold: 1:72 ratio.
D. Cremonese, P. Eng., President of Teuton commented as follows: “The discovery that the Argo zone represents a unique system with what appears to be increasing widths and silver-rich grades at depth establishes a prime target for follow-up drilling in 2021. I would like to thank Ed Kruchkowski, president of Decade, and his two top geologists, Alex Walus and Krzysztof Mastalerz, for running an excellent work program during a year made difficult by the Covid pandemic.”
Decade is currently earning an interest in the property by option from Teuton Resources. After spending $4 million on the property over five years Decade can earn up to a 55% interest, with an additional option to expand that interest to 75% by taking the property to feasibility.
Analyses were performed by Activation Laboratories Ltd. in Kamloops, BC, an accredited facility. Ed Kruchkowski, P. Geo., a qualified person under National Instrument 43-101 for Decade Resources is responsible for the contents of this release. D. Cremonese, P. Eng., is the Qualified Person for Teuton Resources Corp. He has not independently verified the assay results but has no reason to believe they are inaccurate. Mr. Cremonese, as President of Teuton, is not independent of the Company.
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest British Columbia and was one of the first companies to adopt what has since become known as the “prospect generator” model. Ten of these properties are currently under option to third parties. Over $2 million in option cash payments (not including appreciable payments made in shares) has been generated from these properties since 2015, including properties where optionees have already earned their interest.
Interested parties can access information about Teuton at the Company’s website, www.teuton.com.
“Dino Cremonese, P.Eng.”
Dino Cremonese, P. Eng.,
President and Chief Executive Officer
For further information, please visit the Company’s website at www.teuton.com or contact:
Director Corporate Development and Communications
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