Teuton Resources Corp. Announces Check Fire Assays Indicate 1078 g/t Ag eq over 1.8 metres on Del Norte Project Drilling
February 21, 2021
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Teuton Resources Corp. has received a report from its optionee, Decade Resources, regarding an update to drill results announced on Feb. 11, 2021 from the Del Norte property, located 34 km east of Stewart in BC's "Golden Triangle". The Feb. 11, 2021 results were based on ICP (Inductively Coupled Plasma) analyses. Check analyses performed by fire assay have shown significant enhancement in silver values for one of the holes reported: Hole DDH DN20-01 registered an increase from 386 g/t Ag eq to 1078 g/t Ag eq. Results of check assays for the second hole, DDH DN20-02, confirmed the initial ICP results. *Silver-equivalent values for gold and silver only (no base metals), calculated assuming 100% metal recovery. Assumptions: USD 25/oz silver, USD 1800/oz gold: 1:72 ratio. Decade is presently running check fire assays for all elevated ICP silver values already received from holes not yet reported. A map showing the various silver-rich zones in the central portion of the Del Norte property has been included. The objective of the 2020 exploration program was to confirm past results, expand the area of mineralization and follow up on some previous geological interpretations. Analyses were performed by Activation Laboratories Ltd. in Kamloops, BC, an accredited facility. 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. 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 Resources Corp. is a Canada-based exploration-stage company. The Company is engaged in the business of acquiring, exploring, and dealing in mineral properties in the province of British Columbia, Canada. The Company owns interests in more than thirty properties in the prolific Golden Triangle area of northwestern British Columbia. Its property portfolio includes Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four Jâs Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property.