Tickers: XTSX:TUO, PINX:TEUTF
Tags: Mining
August 15, 2018 / TheNewswire / Vancouver, BC: Teuton Resources Corp. ("Teuton" or "the Company") ("TUO"-TSX-V) ("TUC"- Frankfurt) is pleased to report that VMS-style (volcanogenic massive sulfide) mineralization has been found in traverses made west of the area now being drilled on the Pearson property. Angular float containing layered sulfides--including bornite, chalcopyrite and magnetite--was located on a steep slope just below a cliff marked by patches of blue and green copper stain. A specimen of the mineralization is shown below:
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Drilling is proceeding on the second hole which is now down around 1,000 ft. targeting the source of a prominent EM anomaly. Previously the drill had had difficulties penetrating rock formations and was briefly taken out of commission for repairs. The 2018 drill program is testing the southern end of a 1.8km long EM anomaly exposed on the Pearson claims, flanked by magnetic anomalies.
The Pearson EM anomaly lies very close to the Kyba's "red-line', situated on the boundary between Triassic and Jurassic rocks. 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.
Dino Cremonese, P.Eng., commented as follows: "The discovery of VMS-style mineralization is important because it lends credence to the theory that the 1.8km long EM anomaly (outlined by a VTEM survey) may be caused by Besshi-type mineralization, similar to that found on the adjoining Granduc property. The Company is currently seeking mountaineering geologists to run sampling traverses in the area of the discovery. Results from ongoing exploration, including drilling and further prospecting, will help to confirm this hypothesis."
About Teuton
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.
Respectfully:
"Dino Cremonese, P.Eng."
President, Teuton Resources Corp.
For more information contact Investor Relations at 778-430-5680 or barry@teuton.com
If you would like to be added to Teuton's news distribution list, please send your email address to dino@teuton.com
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.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
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