Welcome!

News Feed Item

Teuton Resources Corp.: Geophysical Anomaly Identified at Treaty Creek Property

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/27/14 -- Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(FRANKFURT:TFE)(OTCBB:TEUTF) has commissioned a geophysical report on the magnetotelluric survey transect completed by Quantec Geoscience in 2012 on behalf of Seabridge Gold over the proposed twin tunnels route on the Treaty Creek property. Mr. Killin, P. Geo., a geophysicist and past VP of Interpretation at Quantec Geoscience, analysed the Quantec data and provided his interpretation. The Treaty Creek property is located 80 miles north of Stewart, British Columbia at the north end of the Sulphurets mineralized system which hosts the many mineral deposits of Pretium Resources and Seabridge Gold.

Mr. Killin, P.Geo., concluded as follows (see figure, attached): "There are two significant geophysical anomalies identified along the transect. Zone A is a near surface conductive anomaly that is present on at least 3 stations at varying depths. Zone A is near the end of the transect, but has been confirmed as a real geophysical anomaly by investigation of raw data and all steps leading to the inversion section delivered by Quantec. The zone has the potential to be a very large body based on the information provided, should it extend to the southwest toward the Seabridge KSM property. It is a thick conductive zone that may be connected at depth to another large conductive body, Zone B.

"Geochemical analysis of the transect and also extensions on both ends might give further information on the possible sources below the transect. Further surface prospecting is also recommended. The area between 215 through station 218 may give some idea of the character of Zone B. Zone A is a very interesting target zone and warrants work. Further geophysics would give a much better picture of this zone. It would be advisable to have the data from this transect project included into any future inversions or projects. Drill targeting is also an option to be considered to explain the anomalous conductivity near the southwestern end of the profile, Zone A."

Dino Cremonese, P.Eng., President of the Company, provided the following comment: "The Zone A anomaly lies only a few hundred meters west of the end of Hole CB09-14 which ran 241m of 0.8 g/t gold and may be related to that mineralization. That hole ended in mineralization and was proceeding in the direction of the anomaly when it was terminated. Also, in 1986, Teuton personnel discovered gold and copper-bearing float about 500m south of the anomaly in an area that was outside the boundaries of the Quantec transect. The source of this float could not be determined at the time due to extensive snow and ice cover, much of which has melted back in the ensuing years. This float and the adjacent Zone A anomaly suggest potential for the location of a porphyry gold-copper body in the near vicinity."

Litigation

The Company has made a settlement offer to American Creek Resources ("AMK") which would end the litigation with respect to Treaty Creek and instead, focus all energy onto exploration of this very promising property. Teuton has proposed that it will unilaterally fund a large exploration program to be conducted in 2014, operated by itself, after which time further work would proceed as a joint venture with ownership 51% AMK and 49% TUO. The area around Zone A would be the prime target of such work.

Ownership of the Treaty Creek property was recently apportioned at 51% AMK, 49% TUO by the Supreme Court of British Columbia. This decision has been appealed by the Company.

The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as President and CEO, is not independent of the Company. Mr. Cremonese has not independently verified all of the geophysical information in Mr. Killin's report, but believes it to be accurate and in conformance with industry standards.

Shareholders and other parties interested in following Teuton are encouraged to visit the Company's website at www.teuton.com, recently updated.

Respectfully:

Dino Cremonese, P.Eng., President,

Teuton Resources Corp.

If you would like to be added to Teuton's news distribution list, please send your email address to [email protected].

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 speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and 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.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contacts:
Teuton Resources Corp.
Dino Cremonese, P.Eng.
President
(604) 682-3680 or Toll Free: 1-800-879-2333
(604) 682-3992 (FAX)
www.teuton.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"The reason Tier 1 companies are coming to us is we're able to narrow the gap where custom applications need to be built. They provide a lot of services, like IBM has Watson, and they provide a lot of hardware but how do you bring it all together? Bringing it all together they have to build custom applications and that's the niche that we are able to help them with," explained Peter Jung, Product Leader at Pulzze Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2,...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...