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
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, will go over the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, applicatio...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.