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Teuton Resources Corp V.TUO

Alternate Symbol(s):  TEUTF

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.


TSXV:TUO - Post by User

Bullboard Posts
Post by Fabeon Aug 30, 2019 10:20pm
164 Views
Post# 30085412

From TUD MD&A

From TUD MD&AIn June 2019, the Company initiated a two-phase drill hole program at the Treaty Creek property. The first phase of drilling, consisting of 4,259 meters of drilling in seven drill holes, is now complete and results are still pending for 4 of the holes. The second phase of drilling on the Treaty Creek property, consisting of approximately 10,000 meters has commenced and is planned for completion by the end of the summer field season. The Company received an aggregate of $613,763 from the exercise of 1,429,250 warrants subsequent to the end of the fiscal year ended March 31, 2019. The Company received an aggregate of $45,000 from the exercise of 450,000 stock options subsequent to the end of the fiscal year ended March 31, 2019. udor Gold initiated an aggressive drilling program for the 2019 season to continue to define the extent of the Goldstorm Zone, with large step-outs along trend to the northeast and fans of holes drilled southeasterly across the thickness of the zone on 100 to 200 meter-separated fences. The 2019 drilling program commenced on June 10 and as of August 21 nine holes have been completed, totaling approximately 5,900 meters. Core samples from most of the holes have been received by the laboratory and the Company will issue reports of analytical results on a timely basis once all relevant data has been received and has been interpreted by the Companys geologists. In addition, a ground-based radar survey was conducted in June over a portion of the Treaty Glacier to the east of the Goldstorm Zone to define structural trends in underlying bedrock that may be related to mineralized features and also to map the depth of the glacial ice.
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