Drilling at Del Norte Intersects 1,408 g/t Ag eq over 9.91m and 477 g/t Ag eq over 15.2m
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE – NOVEMBER 16, 2021
Drilling at Del Norte Intersects 1,408 g/t Ag eq over 9.91m and 477 g/t Ag eq over 15.2m
Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO” -TSX-V)
("TFE"- Frankfurt) announces that its optionee, Decade Resources (“Decade”), has reported
assays from the first 10 of 16 holes drilled in 2021 on the Del Norte property, located 34 km east
of Stewart in BC’s “Golden Triangle”.
The object of the program was to test a stratigraphic horizon--the contact between felsic volcanic
rocks of the Hazelton Group and sedimentary rocks of the Salmon River Formation, two rock units
which also host the Eskay Creek mine 60km north of Stewart. Mineralization is located within a
pyrite-rich, graphitic black mudstone horizon within black matrix lapilli tuffs with sub-intervals of
dacite lapilli tuffs. Fracturing and faulting within this unit has resulted in the deposition of quartz
and sulphides. The faulting has resulted in black graphitic gouge, crushed sulphides and quartz
fragments. Mineralization includes pyrite, sphalerite, galena and tetrahedrite along with visible
gold and silver.
Holes from #9 to #16 carried the best visual concentrations of native gold, native silver and acan-
thite (as reported in releases dated Aug. 18, Aug. 26 and Sept. 21, 2021). These observations
are no w supported by assays with results from #9 and #10 reported below (#1 1 to #16 are
awaited):
HOLE # From(m) To (m) Width
(m)
Gold
g/t
Silver
g/t
Gold equiv-
alent
Silver
Equivalent
#9 231.4 246.6 15.24 2.22 312.5 6.44 476.8
Incl. 231.4 232.9 3.66 0.92 221.6 3.91 289.7
Incl. 242.4 246.6 4.27 7.13 911.0 19.44 1,438.6
Incl. 242.4 243.6 1.22 15.27 951.0 28.12 2,081.0
#10 222.6 232.47 9.91 4.28 1,091.6 19.03 1,408.3
Incl. 225.3 228.35 3.05 13.77 2,661.0 49.73 3680.0
Analytical values have been rounded. True widths are unknown at this time.
*Silver-equivalent values for gold and silver only (no base metals), calculated assuming 100% metal recovery. As-
sumptions: US$/oz silver, US$/oz gold: 1:74 ratio.
D. Cremonese, P. Eng., President and CEO of Teuton, commented as follows: “These gold-silver
numbers are among the best received to date from the Argo/LG structure on the Del Norte prop-
erty. Based on visuals, I expect similar or better assays from the remaining holes. It appears
that Decade Resources’s geological team, headed by Ed Kruchkowski, is beginning to understand
the controls for the precious metal mineralization.”
Ed Kruchkowski, P. Geo., President of Decade Resources made the following comment: “[Decade]
was very successful in outlining additional numerous silver -rich areas for fur ther exploration
along the Argo/LG system. Our drilling was restricted to available rock islands but with the reces-
sion of glacial ice, these will have become bigger for the up coming 2022 program. The newly
identified Argo zone will be the primary focus of exploration in 2022.”
Assays from some of the first eight holes drilled in 2021 are presented below:
HOLE # From(m) To (m) Width
(m)
Gold
g/t
Silver
g/t
Gold equiv-
alent
Silver
Equivalent
# 1 152.65 153.05 0.4 2.17 82.49 3.28 243.0
and 175.1 180.49 4.57 0.07 150.2 2.10 155.4
#3 125.61 128.66 3.05 0.26 77.48 1.31 96.7
#4 151.71 159.15 7.44 0.87 261.28 4.40 325.7
#6 135.82 141.46 5.64 2.61 367.4 7.57 560.5
#8 216.16 216.92 0.76 0.2 150 2.23 164.8
and 249.7 261.89 12.2 0.22 178.55 2.23 194.8
Analytical values have been rounded. True widths are unknown at this time.
*Silver-equivalent values for gold and silver only (no base metals), calculated assuming 100% metal recovery. As-
sumptions: US$/oz silver, US$/oz gold: 1:74 ratio.
Analyses were performed by MSA Laboratories Ltd in Langley, BC. The Del Norte property was
optioned from Teuton Resource Corp. in January of 2020 with terms allowing Decade to earn up
to a 55% interest in the property by spending $4 million over a five year period. Decade can earn
an additional 20% interest by carrying the property to commercial production.
D. Cremonese, P .Eng., is the Qualified Person for Teuton Resources Corp.; as President of the
Company he is not independent. Although Mr. Cremonese has not personally verified the
accuracy of the technical information provided by Decade in the news release, he has no reason
to believe it is inaccurate.
About Teuton
Teuton owns interests in more than thirty properties in the prolific Golden Triangle area of
northwest British Columbia and was one of the first companies to adopt what has since become
known as the “prospect generator” model. Teuton earned $3.9 million net income in 2020 and a
further $2.4 million in the first quarter of 2021. Its income is derived from option payments.
Teuton was the staker of the Treaty Creek property, host to the large Goldstorm deposit,
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) and a 0.98% NSR in the Goldstorm
deposit. Interested parties can access inf ormation about Teuton at the Company’s website,
www.teuton.com.
Respectfully submitted,
"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]
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policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of
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