(via TheNewswire)
The Harry property also includes the old Outland Silver Bar property which was explored by fifteen adits looking for extensions of high-grade silver veins. The property lies in a prospective corridor running north-northwest from the Premier,
Jayden has the right to earn up to a 55% interest in the Harry property under the following terms:
- Payment of
$180,000 over 4 years with an initial payment of$25,000 .- Expenditures of
$2,000,000 over 5 years.
Jayden has the right to earn an additional 20% by placing the property into production. Teuton retains a 2%
Highlights of the property include:
- A cherty, siliceous altered andesite, associated with many of the gold deposits on the adjoining property of Ascot Resources property, extends north-northwest into the Harry property.
- A talus fine sampling program conducted along the eastern edge of the
Salmon Glacier located numerous gold anomalous samples on the Harry property below the old Granduc mining road.- A brief drilling program carried out by Teuton intersected 0.72 g/t gold over 9.15 metres in a hole which was stopped after hitting old underground workings.
- VMS-style mineralization has been noted both on the eastern side of the
Salmon Glacier as well as the western side (Outland Silver Bar).
The Qualified Person for
About Teuton
Teuton owns interests in more than thirty properties in the prolific "Golden Triangle" area of northwestern
One of Teuton's properties, the
Signed:
"
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Tel. 778-430-5680
Email:barry@teuton.com
Neither the
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 information 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 anyforward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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