Teuton Announces Metallurgical Testwork and Preliminary Baseline Studies at Treaty
TEUTON RESOURCES CORP .
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.teuton.com
NEWS RELEASE
TEUTON ANNOUNCES METALLURGICAL TESTWORK AND PRELIMINARY BASELINE STUDIES AT TREATY
CREEK, GOLDEN TRIANGLE, BC; 2020 STOCK OPTION PLAN
April 24, 2020 - Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO” -
TSX-V) ("TUC"- Frankfurt) has received a report from its joint venture partner Tudor Gold concerning
initiation of metallurgical studies for the Treaty Creek Project, located in the Golden Triangle of north-west
British Columbia. This study will focus on the mineral characteristic s and the prospects of developing
Treaty Creek as a bulk tonnage mining target using conventional processing techniques. The test work will
be conducted on material selected from the extensive continuously mineralized drill core intervals
encountered in the 2019 exploration program. The metallurgical test results will be used as part of the
initial economic assessment for the project.
The metallurgical study will be managed under the direction of Frank Wright, P .Eng., of F. Wright Consulting
Inc. of Delta BC. The related laboratory test program will be conducted at Bureau Veritas Minerals –
Metallurgical Division of Richmond, BC (BV). BV is a globally recognized and certified testing facility with
customers ranging from small independent operators to large multi-national mining firms and consultants.
Mr. Wright has over 30 years of experience consisting of both operations and consulting in the fields of
mineral processing and hydrometallurgy. His career has included the last 20 years as a qualified
independent professional engineer managing process advancement for projects worldwide, although
primarily focused in BC. His work includes oversight of test programs leading to the selected process
flowsheet and design criteria, related technical reporting, su pervision of detailed engineering, and
assisting in project commissioning.
Tudor Gold also reports an agreement with RTEC (a joint venture partnership between ERM Consultants
Canada Ltd. (ERM) and the Tahltan Nation Development Corporation (TNDC), to begin preliminary baseline
studies that will be required for provincial permitting of the Treaty Creek project. These baseline studies
will focus on surface water quality, hydrology, atmospherics, wildlife and archaeology.
Tudor Gold’s Vice President of Projec t Development, Ken Konkin, P .Geo., states: “The metallurgical test
work and baseline studies will provide crucial data to further our project development plans. These studies
will serve as templates for on-going studies aimed to carry the project forward to more advanced stages.
Both studies will begin in conjunction with the 2020 diamond drill hole exploration program that is planned
to start this spring. In addition, our geologists will select representative composite samples from last year’s
drill holes as the basis for our preliminary metallurgical studies.”
Walter Storm, President and CEO of Tudor Gold stated: “2020 is poised to be a transformative year for our
company. The agreement with RTEC to begin preliminary baseline studies, necessary for potential future
mine permitting, together with the initiation of the metallurgical studies, demonstrates our commitment
to further advance the Treaty Creek project. These studies as well as the upcoming drill program are fully
funded. We are particularly pleased that we were able to further strengthen our partnership with the
Tahltan First Nations through the RTEC agreement.”
About the RTEC Joint-Venture partnership:
RTEC is a joint venture partnership between ERM Consultants Canada Ltd. (ERM) and the Tahltan Nation
Development Corporation (TNDC). With more than 5,500 people, ERM is a leading global provider of
environmental, health, safety, risk, social consulting services and sustainability related services. The
Tahltan Nation Development Corporation (TNDC) is the business arm of the Tahltan Nation. TNDC pursues
sustainable and responsible business and economic development opportunities in the region that lead to
employment, training and business opportunities for Tahltan members.
Qualified Person
The Qualified Person for the technical information in this release is Ken Konkin, P . Geo., Tudor Gold’s Vice
President of Project Development. Dino Cremonese, P . Eng., is the Qualfied Person for Teuton Resources
and as President is not independent of the Company. He has not independently verified the technical
information but has no reason to believe it is unreliable.
2020 Stock Option Plan
Teuton has adopted a new stock option plan, called the 20 20 stock option plan, to replace its old stock
option plan. The new plan is a fixed less than or equal to 10-per-cent plan, in accordance with TSX Venture
Exchange policy. It is identical to the old plan except that the total number of shares which may be issued
according to the plan has increased due to the increase in the company's shares outstanding.
The number of shares which can be reserved for issuance under the plan is 4,341,688, which is 10 per cent
of the 43,416,881 shares currently outstanding; there are currently 3,380,000 unexercised options which
were previously granted. The new plan is subject to acceptance by the TSX-V.
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. Seven of these properties are currently under option to third parties. Over
$4 million in option cash payments and shares in optionee companies has been generated from these
properties since 2015, including properties where optionees have already earned their interest.
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. None of the NSRs are subject to a buy-back.
Teuton also owns many royalties in the Sulphurets Hydrothermal System with interests ranging up to 2.5%.
None of these royalties are subject to a buyback. Interested parties can access information 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 info rmation 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.