After the three holes were completed, Simcoe Geophysics ran a magnetotelluric survey over and beyond this target area. Preliminary profiles have been received which show much higher zones of conductivity adjacent to the area drilled. Simcoe's geophysicist plans to incorporate all relevant geological data, including the remaining holes drilled in 2016 (as well as nearby holes drilled in 1992 and 2014), before completing a final report. The report should be ready early in 2017.D. Cremonese, P.Eng, President of Teuton, commented as follows: "There has been speculation for over thirty years that a porphyry copper system underlies the Del Norte property. Based on previous work, including soil and silt geochemistry, mapping of alteration patterns and diamond drilling, the area within which such a system could be found is at least five square kilometres in size. The 2016 drill results in themselves are encouraging, but more work will be necessary to define the location of the potential higher grade core of such a porphyry system. Typically, copper grades improve as one goes from the outer shell into the more mineralized center and it is likely that the current drill holes are still in the outer, pyritic shell. Final analysis of the magnetotelluric survey results should help to define zones where mineralizing intensity is greatest, showing us where to drill in 2017." Assays for the three other target areas selected for drilling in 2016 in the Del Norte property are still awaited. Quality control procedures in place include the field insertion of blanks and standards into the sample stream. Analytical work was done by Loring Laboratories of Calgary, BC, an accredited facility. The technical data in this news release was reviewed by D. Cremonese, P.Eng., Teuton's Qualified Person as defined by National Instrument 43-101. Mr. Cremonese, P.Eng. is the President of Teuton and is not independent of the Company.
About TeutonTeuton owns interests in more than thirty properties in the prolific "Golden Triangle" area of northwestern British Columbia and was one of the first companies to adopt what has since become known as the "prospect generator" model. Ten of its properties are currently under option and cash proceeds from these options have exceeded $1 million in the past eighteen months (not including the value of shares received from the optioning companies). Shareholders and other interested parties can access information about Teuton at the Company's website, www.teuton.com. Respectfully: "Dino Cremonese, P.Eng." President, Teuton Resources Corp. For Map of Property please see http://teuton.com/wp-content/uploads/2016/11/Del-Norte-Map.pdf If you would like to receive corporate news releases and non-material corporate updates from Teuton, please send your email address to email@example.com or visit www.teuton.com and enter your email address in the "Receive Teuton Updates" window. 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.
TEUTON RESOURCES CORP.2130 Crescent RoadVictoria, BC V8S 2H3Phone: (778) 430-5680Website: www.teuton.com