Teuton Resources Commences Reconnaissance Program on Golden Triangle Properties
TSX VENTURE: TUO
VANCOUVER, British Columbia, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Teuton Resources Corp. (“Teuton”) (TSX-V:TUO) (Frankfurt:TFE) (OTCBB:TEUTF) is pleased to announce that a reconnaissance program consisting of prospecting and sampling began in mid-July, 2017 over many of the Company’s properties in the Golden Triangle region of northwestern British Columbia.
The initial focus of the program was on the Del Norte property where previous work has established a number of gold-silver structures (LG vein, NMG vein, K zone, etc.) as well as a porphyry copper-gold occurrence. After this, work concentrated on the Konkin Silver, Prosperity South, Bay Silver and the Silver Crown properties. The crew is currently prospecting the Pearson property in and around the area of a large geophysical anomaly. Particular attention is being paid to areas recently exposed by glacial meltback.
Further work is planned on the Big Gold West, Leduc Silver, Eskay Rift, Tennyson, Catspaw, Harry, Gold Mountain and Silver Baron properties.
Contingent upon the success of the regional reconnaissance program, a drill program may be implemented later in the year.
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. Ten of its properties are currently under option and cash proceeds from these options have exceeded $1.45 million in the past twelve months, not including the value of shares received from the optioning companies. The Company also holds a number of Net Smelter Royalty interests, most of which cannot be bought back by the optioning party. 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.