April 22, 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 the 2020 drill results from the Lord Nelson property, located 34 kilometres east of Stewart in British Columbia’s Golden Triangle.
Drilling was completed to test an area with veins and lenses of high-grade copper and gold mineralization situated along the Lord Nelson/Del Norte property boundary. The drilling was located at the east edge of the copper-gold bearing zone to check for down dip extensions. It appears that the main zone tested by drilling has a shallow dip to the east and holes tested beneath it. Results from 9 holes are shown below:
|Hole No||From (m)||To (m)||Width||Cu %||Au g/t||Ag g/t|
Ed Kruchkowski, president of Decade Resources commented as follows: ‘the Lord Nelson tenures require more exploration to establish the dip and strike of the copper-gold bearing zones. There are numerous exposures of copper-gold bearing horizon traced for 1.2 km and a width of 200-300m. The horizon shows some similarities to the gold-copper replacement horizon called the O-Zone on the south side of the Del Norte claims. In the O- Zone, the best drill intercept ran 15.2m grading 3.63 g/t gold and 0.410% copper. The company also plans to run some metallic check assays for gold on some of the drill hole intersections.”
Analysis were performed by Activation Laboratories Ltd. in Kamloops, BC.
Decade has the right to earn up to a 55% interest in the Lord Nelson property under the following terms:
- Payment of $100,000 over 4 years with an initial payment of $10,000.
- Issuing 400,000 shares of Decade on signing.
- Issuing an additional $90,000 of Decade stock over a 4 year period.
- Expenditures of $2,000,000 over 5 years.
Decade has the right to earn an additional 20% by placing the property into production. Teuton retains a 2% Net Smelter Royalty.
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.
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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Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.