Environment; Teuton Now Owns 75% of Clone GOLD-Cobalt Property
TEUTON RESOURCES CORP.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE--- 2019 DRILLING OF DEL NORTE PROPERTY SUGGESTS VMS
ENVIRONMENT; TEUTON NOW OWNS 75% OF CLONE GOLD-COBALT PROPERTY
November 25 2019, Vancouver, BC : Teuton Resources Corp. (“Teuton”) (“TUO” -TSX-V) ("TFE" -
Frankfurt) (“TEUTF”—OTCBB) drilled four holes into its 100% owned Del Norte property in 2019. The
first two holes targeted a sharp EM anomaly identified by a 2005 airborne survey lying parallel to and just east
of the LG vein. Interpretation of a 2018 ZTEM survey flown over the same area suggested a zone of alteration
beginning about 200m below surface. Assay results and geological anal ysis of the two holes indicate the
following:
• The stratigraphic sequence includes andesite/andesite breccia of the Betty Creek Formation
conformably overlain by dacitic rocks of the Mt Dilworth Formation overlain unconformably by
sediments of the Salmon River Formation.
• This geological sequence drilled is analogous to the geology of the Eskay Creek deposit.
• Bedded sulphides are indicated in the mudstone horizon which is black, thinly bedded, with minor
thinly bedded pyrite in beds up to 1 cm wide over a 10 m section.
• Anomalous zinc and silver values are indicated for the mudstone horizon tested.
• Presence of up to 30% anhy drite (calculated from analysis) in the dacites immediately below the
mudstones suggests the presence of a nearby volcanic vent
The reason for the strong EM anomaly has not been determined by the holes. Teuton plans to carry out surface
geophysical surve ys in 2020 to see if it can vector towards the area where VMS -type mineralization is
potentially most concentrated. Positive results from such work will lead to an expanded drill program.
Dino Cremonese, P. Eng., President of Teuton Resources Corp., commented as follows: “Although we did not
hit economic precious metal mineralization in either of the holes this year, we did underscore the hypothesis
that the property has significant VMS (Volcanogenic Massive Sulfide) potential. Right after the Eskay Creek
discovery in 1989, Del Norte was optioned to Goodgold Resources (Murray Pezim ’s and Ned Goodman’s
company) on the basis of geological similarities to the setting at Eskay. In 2005, the property was optioned to
Sabina Silver who stated in an October 3, 2005 news release: ‘The geological environment of mineralization
is broadly similar to that of the Eskay Creek Mine. At Eskay Creek, high -grade veins were the focus of
exploration prior to the discovery in 1989 of rich deposits of stratiform, sedex gold -silver-base metal
mineralization at or near a mudstone -volcanic contact. Sabina believes that the Del Norte Property
demonstrates the potential to host similar bonanza silver and gold mineralization .’ The discovery in 2019 of
anomalous zinc and silver in mudstones overlying dacite containing up to 30% anhydrite is an intriguing first
step to confirming the VMS theory.”
The last two holes of the 2019 target were drilled to test a zone of mineralization discovered in the western
portion of the Del Norte property within a zone of ablation (glacial meltback) . Neither of these holes
encountered economic mineralization.
Quality control procedures in place include the field insertion of blanks and standards into the sample stream.
Analytical work was done by MSALabs of Langley, BC, an accredited facility. The technical data in this news
release was reviewed by D. Cremonese, P.Eng., Teuton’s Qualified Person as de fined by National Instrument
43-101. Mr. Cremonese, P.Eng. is the President of Teuton and is not independent of the Company
Clone property
Teuton has purchased a 50% interest in the Clone gold-cobalt property for $200,000 from an arms-length, third
party who, in turn, acquired the interest by assignment from Makena Resources. In addition, Sky Gold Corp.,
optionee of Teuton’s 25% interest and Silver Grail Resource’s 25% interest in the Clone property has decided
it will not continue with the option. Accordingly, Teuton now owns 75% of the property with the remaining
25% owned by Silver Grail Resources Ltd.
High-grade gold and gold -cobalt mineralization occurs on the Clone property within a series of sub -parallel
shears exposed over a strike length of 500m and a vertical range of 130m. Trenching of the shears returned
values ranging up to 3.59 oz/ton gold over 5.5m (18 feet). Significant cobalt values were found to accompany
gold in the southeast portion of the zone.
Drilling in 1995 -96 was c onfined to the 500m long Main Zone at the south end of the mineralized system,
overlapping the original discovery area. The most promising structure outlined by the drilling was the “H -1”
which yielded many holes carrying high -grade gold mineralization ove r significant widths. The best of these
was Hole #110 which contained a 32.9 foot intercept grading 1.28 oz/ton gold. Some outstanding intersections
were also reported from the parallel S -2A structure, known from trenching to host both gold and cobalt
mineralization. Hole #18 into the S -2A contained a 19.7 foot intercept grading 1.53 oz/ton gold and 0.33%
cobalt.
In 2010 a bulk sampling program was commenced on the Clone property in the high -grade portion of the H-1
zone. A total of 34 samples taken from t he one-ton lots comprising the 2010 Clone bulk sample returned an
average grade of 68.65 g/t gold. A larger bulk sample of 102 tons was taken in 2011 which averaged 137.1 g/t
gold (4.0 oz/ton gold).
Teuton and Silver Grail will, over the winter months, examine results of SkyGold’s 2018 and 2019 exploration
programs on the Clone estimated to have cost just under $1 million before deciding on a next step for the
property.
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. Eight of these properti es are currently under option to third parties. Over $2 million in
option cash payments has been generated from these optioned properties since 2015, including properties where
optionees have already earned their interest (this does not include the value of shares received from the
optioning companies). Teuton also owns a series of Net Smelter Returns in various properties in the Golden
Triangle concentrated within the Sulphurets Hydrothermal System. Principal among these is an 0.98% NSR
owned in the Go ldstorm zone of the Treaty Creek property, currently the subject of an advanced exploration
program by Tudor Gold ,; other notable royalties include 2.0% NSRs in the King Tut and Tuck properties,
owned by Pretium Resources and located due south of the producing Valley of the Kings Gold mine.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
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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 s peculative
nature of mineral exploration and development, fluctuating commodity prices, competitive risks a nd 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.