|By Marketwired .||
|July 24, 2014 08:30 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/24/14 -- Teuton Resources Corp. ("Teuton") (TSX VENTURE: TUO)(FRANKFURT: TFE)(OTCBB: TEUTF) has commissioned a geophysical report on an airborne survey completed in 2005 by Aeroquest over the Del Norte property. Mr. Killin, P. Geo., a geophysicist and past VP of Interpretation at Quantec Geoscience, analysed the Aeroquest data and provided his interpretation. The Del Norte property is located 20 miles east of the town of Stewart in northwestern British Columbia within the Golden Triangle (see Fig. 1).
The Del Norte property is one of Teuton's original claim holdings dating back to 1983. It was staked to cover three gold-bearing streams (Nelson, Del Norte and Willoughby Creeks) which flow west-east from the Cambria Icefield into the White River. A definitive source for the placer gold in these streams has not yet been determined. Placer streams are relatively rare in the Stewart region but those that exist are often associated with major mineral deposits. As an example, Sulphurets Creek is a known gold placer stream and drains the area hosting the major KSM, Snowfield and Brucejack gold deposits of Seabridge Gold and Pretium Resources. Bitter Creek, another placer stream, drains the Red Mountain gold deposit of IDM Mining, recently purchased from Seabridge Gold. Nelson Creek, the most northerly placer stream on the Del Norte property, was reportedly worked for its gold content by Cominco during the 1930's.
Over the past thirty years over $4.5 million has been spent at Del Norte, mostly by three companies who previously held the property under option. During that time 92 holes were drilled, testing many different mineralized zones. Most of these zones lie along a north-south trending contact between sediments on the east and volcanics on the west.
In 2002 the K zone was discovered. Three holes drilled into this zone yielded intersections averaging 29.1 metres (95.6 ft.) grading 0.145 oz/ton gold and 6.13 oz/ton silver, or 0.243 oz/ton gold equivalent (at the current 62.5:1 gold-silver ratio). No follow-up drilling has taken place because the zone was on the edge of an icefield. Northwesterly, and at lower elevations, more than fifty holes were drilled into the LG vein system lying directly along the volcanic-sediment contact. Intersections in the LG vein system ranged from nil to 15.5m (51.0 ft.) grading 0.192 oz/ton gold and 10.23 oz/ton silver, or 0.356 oz/ton gold equivalent.
Mr. Killin, P.Geo., has identified 6 different target areas for follow-up work in 2014 (see Fig. 2). All of these are to be examined during this summer's work program. Of particular interest are the K-1 and K-2 targets, which may represent extensions of the K zone mineralization. It is likely that the icefield surrounding the K zone will have melted back considerably over the last 12 years. The current plan is to drill test the most viable zones discovered during the field examinations, contingent upon obtaining the necessary financing.
Dino Cremonese, P.Eng., President of the Company, provided the following comment: "The Del Norte is one of Teuton's premier gold-silver properties. Since Sabina Gold & Silver earned its 50% interest in the claims in 2007, the property has lain fallow. Our recent purchase of Sabina's 50% interest means that we have regained 100% control of this promising property. We look forward to getting on the claims as soon as possible to resume exploration."
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. All drill intersections cited in this news release are also believed to be accurate and in conformance with industry standards, however true widths of mineralization are not known.
Shareholders and other parties interested in following Teuton are encouraged to visit the Company's website at www.teuton.com, recently updated.
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.
To view the Location Map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/959105_Location_Map.pdf.
To view the Targets Map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/959105_Targets_Map.pdf.
Teuton Resources Corp.
202-2187 Oak Bay Avenue
Victoria, BC V8R 1G1
(604) 682-3680 or Toll Free: 1-800-879-2333
(604) 682-3992 (FAX)
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
May. 29, 2016 08:00 PM EDT Reads: 2,610
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, will explore the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences betwee...
May. 29, 2016 06:00 PM EDT Reads: 1,737
In his session at 18th Cloud Expo, Bruce Swann, Senior Product Marketing Manager at Adobe, will discuss how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects). Bruce Swann has more than 15 years of experience working with digital marketing disciplines like web analytics, social med...
May. 29, 2016 06:00 PM EDT Reads: 1,448
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
May. 29, 2016 04:45 PM EDT Reads: 1,316
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
May. 29, 2016 04:15 PM EDT Reads: 2,592
SYS-CON Events announced today Object Management Group® has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
May. 29, 2016 04:00 PM EDT Reads: 2,658
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
May. 29, 2016 04:00 PM EDT Reads: 2,057
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
May. 29, 2016 02:00 PM EDT Reads: 2,973
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
May. 29, 2016 02:00 PM EDT Reads: 2,034
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 29, 2016 01:00 PM EDT Reads: 1,988
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
May. 29, 2016 12:45 PM EDT Reads: 1,685
In his session at 18th Cloud Expo, Andrew Cole, Director of Solutions Engineering at Peak 10, will discuss how the newest technology advances are reducing the cost and complexity of traditional business continuity and disaster recovery solutions. Attendees will: Learn why having a full disaster recovery strategy is more important now than ever before Explore the key drivers of a successful disaster recovery solution Achieve measurable operational and business value from a disaster recovery ...
May. 29, 2016 11:30 AM EDT Reads: 1,456
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
May. 29, 2016 11:15 AM EDT Reads: 633
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
May. 29, 2016 11:00 AM EDT Reads: 735
SYS-CON Events announced today that Hanu Software will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Leveraging best-in-class people, processes, and technologies, Hanu provides high-quality, high-value software development and business process outsourcing services to independent software vendors (ISVs) and enterprises.
May. 29, 2016 11:00 AM EDT Reads: 1,442