Drilling Begins ON Del Norte Property IN the Golden Triangle— New Mineralized Zones Found ON Del Norte WEST, Fiji
TEUTON RESOURCES CORP.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE:
DRILLING BEGINS ON DEL NORTE PROPERTY IN THE GOLDEN TRIANGLE—
NEW MINERALIZED ZONES FOUND ON DEL NORTE WEST, FIJI
Vancouver, Canada – August 19, 2019 – Teuton Resources Corp. (“Teuton” or “the Company ”)
(“TUO”-TSX-V) ("TUC"- Frankfurt) is pleased to announce that the crew for the 2019 Del Norte drill
program has arrived and that drilling is expected to commence within two days. The Del Norte property
is situated 30 km east of Stewart within the Golden Triangle region of north-western British Columbia.
The principal target of the 2019 program is the “A -2” anomaly identified by Geotech during a
comprehensive ZTEM survey flown in 2018 (cf: http://teuton.com/Fig1DNTargets). The Geotech anomaly
overlies a previous large and intense EM anomaly defin ed by an earlier 2005 VTEM survey. Streams
draining the area of the anomaly flow southerly into Nelson Creek, where Cominco carried out a placer
gold operation in the 1930’s. Two structures, the LG vein and the K zone, lie close to the anomaly but not
within it. Both have returned high gold and silver values in previous drilling (cf.
http://teuton.com/Fig2DNDrilling).
Geotech’s geophysicists stated: “This target lies at the contact volcanics/sediments of the Hazelton group
and it is stretching in the NS direction over a distance of >3 km. It has an estimated resistivity of < 30
ohm-m at a depth of 300m, coincides with a strong Aerotem conductor and occurs within a zone of
complex structural pattern. It is affected by a system of north-west striking faults.”
Profiles provided by Geotech, both along the axis of the target in the vicinity of the Aerotem conductor
and across it, suggest that the source begins at a depth 200m below surface in the area targeted by the
2019 drilling (cf. http://teuton.com/Fig3-A2Slice).
Del Norte West Gossans
A reconnaissance of areas of glacial meltback has identified two previously unknown gossans in a locale
now referred to as “Del Norte West” ( Photographs of the zones: http://teuton.com/Fig4Gossan1DNW
and http://teuton.com/Fig5Gossan2DNW). Prospecting of a small portion of both gossanous zones has
identified widespread pyrite mineralization with local concentrations of chalcopyrite and sphalerite in a
silicified hostrock (cf http://teuton.com/Fig6SamplingDNW). It is possible that b oth gossans are
connected beneath an intervening icefield. Samples have been sent for assay and work is continuing in
an effort to cover as much of the gossanous region as possible.
Fiji property
A helicopter survey of the northern part of the Fiji proper ty has disclosed a mineralized structure which
can be followed uphill for at least 300m before disappearing under a blanket of snow and ice
(http://teuton.com/fijivideo). This new zone appears to have been very recently exposed by retreating
icefields. Samples have been taken and sent for assay. Teuton owns the Fiji property jointly with Silver
Grail Resources. The property a buts to the west and northwest of Auryn’s Homestake gold -silver
property.
Permitting for the Fiji project is in place. If results of the sampling are positive and weather conditions
allow, the property will be drilled this year.
The Qualified Person for th is news release is Dino Cremonese, P.Eng. , who as President of Teuton is
not independent of the Company.
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 becom e known as the
“prospect generator” model. Eight of these properties are currently under option to third parties .
Properties presently under option (including properties where optionees have already earned their
interest) have generated cash proceeds of a little under $2.4 million since 2015, not including the value
of shares received from the optioning companies.
Teuton was the original staker of the Treaty Creek property assembling the core land position in 1985. It
presently holds a 20% carried interest in Treaty Creek (carried until such time as a production decision
is made) as well as a 0.98% NSR in the claims covering the Goldstorm zone. A 0.49% NSR is owned in
the peripheral claims.
Shareholders and other interested parties can access informat ion 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:
Barry Holmes
Director Corporate Development and Communications
Tel. 778-430-5680
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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.