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The new zone consists of quartz veining with associated brecciation over widths ranging up to 6 metres; it has been traced for a minimum of 400m along strike. The centre of the zone consists of a quartz vein up to 2 metres wide carrying minor galena, sphalerite, tetrahedrite, chalcopyrite and pyrite with veinlets in the breccia along the walls carrying strong galena and sphalerite. The Eagle's Nest is located to the west of the LG vein which was previously explored by drilling from 2002 to 2006. The following drill intersections were obtained in 2004 and 2005 in the LG vein directly downslope of the Eagle's Nest:
--------------------------------------------------------------- |Drill Holes|Width (m)*|Gold g/t|Silver g/t|Gold Equivalent)**| | | | | |g/t | |-------------------------------------------------------------| |DDH 04-036 |8.60 |3.02 |270.50 |6.46 | |-------------------------------------------------------------| |DDH 05-02 |15.54 |6.47 |346.02 |10.88 | ---------------------------------------------------------------
* Drill Indicated width only
** Gold equivalent calculated as follows: Gold-Silver ratio of 78.5 based on today's closing prices of
The Eagle's Nest is the third silver-gold rich, vein/breccia occurrence to be found in the area. The first two, the Kosciuszko (K-zone) and LG vein, were drill tested in previous years with over 40 holes. True widths of the K zone were up to 10 to 12 metres.
Decade Resources reports that it has sampled the new zone on surface and samples have been shipped to
Decade says that the 2020 exploration work is being conducted from
Teuton has been informed by the
The
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is Decade Resources president,
About Teuton
Teuton owns interests in more than thirty properties in the prolific "Golden Triangle" area of northwest
One of Teuton's properties, the
Respectfully submitted,
"
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 willprove 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 any forward-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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