Published: August 7, 2018
August 7, 2018, Vancouver, BC: Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) (“TUC”- Frankfurt) is pleased to report that drilling has begun on its Pearson property, located within British Columbia’s famous Golden Triangle. In addition, a 1,140km long Geotech ZTEM survey is now complete and interpretation of results is ongoing.
Teuton is also pleased to report that it has engaged Ken Konkin, co-winner of the 2017 H. H. “Spud” Huestis Award (granted for excellence in prospecting and mineral exploration in B.C. and/or Yukon), to conduct its exploration programs during the 2018 season. Mr. Konkin was honoured for his pivotal role in discovering the Valley of the Kings (“VOK”) deposit at Pretium Resources’ Brucejack gold mine, BC’s newest.
The 2018 drill program will test a 1.8km long EM anomaly exposed on the Pearson claims as well as adjacent magnetic anomalies. Two of eight of these mag anomalies have magnetic susceptibilities which could be compatible with massive sulphides. Currently, the drill is on the second hole on the second pad. Please refer to the URL at the end of the release for a video of the target area.
A prospecting crew led by Ken Konkin is presently on the adjoining Mach claims (to the north), scouting out locations from which targets could be tested by drilling.
The Pearson EM anomaly lies very close to the western edge of the Eskay Creek Rift as defined by the South Unuk Fault (which also coincides with Kyba’s “red-line’). This important regional marker runs from the Granduc mine area northwest to Garibaldi’s highly prospective “E&L” nickel massive sulfide target, the subject of a very large exploration program in 2018. Interested readers can find out more by referencing the Pearson page on Teuton’s website at www.teuton.com.
Geotech ZTEM survey preliminary analysis
Three areas covering more than 10 Teuton properties were surveyed during the 2018 Geotech ZTEM program. The first of these, the Pearson/Mach/Big Gold survey, has been tentatively interpreted. The southern portion of this surveyed area shows two target areas. The first of these lies within an area marked by conductive features occurring in a magnetic low (considered favourable for potential epithermal gold mineralization–i.e., clay alteration and magnetite depletion). The second target area is a long, linear NNE-trending conductive high located within a mag high.
Dino Cremonese, P.Eng., commented as follows: “I am pleased that someone of Mr. Konkin’s calibre will be managing this year’s programs on Teuton’s properties. Mr. Konkin made several important discoveries of mineral occurrences on Teuton claims back in the 1980’s and early 90’s. Thereafter he had a very accomplished career both in South America and in the Golden Triangle working mostly for Silver Standard and Pretium. His return to Teuton for this season is a fortunate happenstance and we all wish him great success.”
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwestern British Columbia and was one of the first companies to adopt what has since become known as the “prospect generator” model. Eleven of its properties are currently under option and cash proceeds from these options are just under $2 million since 2015, not including the value of shares received from the optioning companies. Shareholders and other interested parties can access information about Teuton at the Company’s website, www.teuton.com.
The Qualified Person for this news release is D. Cremonese, P.Eng., who, as President and CEO, is not independent of the Company.
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
URL for Video of Pearson Property: http://teuton.com/pearson-videos/
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This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp. does have an ongoing obligation to disclose material information, as it becomes available.
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