RE:RE:RE:Teuton E letter is out
Just to clarify the propery agreement with DEC, and also note the 10 million DEC shares purchased by TUO. Means any DEC discoveries have a direct positive impact on our position. Sorry for any confusion I may have created ............. BB
In January 2020, Teuton optioned the Del Norte property to Decade Resources Ltd. under terms allowing Decade to earn a 55% interest by spending $4,000,000 over 5 years; Decade has an additional option to earn an extra 20% by carrying the property to a production decision. Teuton also earns various cash and share payments over the term of the option. Later in the year, Decade also optioned Teuton’s Lord Nelson property which adjoins to the north of the Del Norte. Altogether in 2020 Decade drilled 5975 m of NQ core in 31 drill holes on the Del Norte and Lord Nelson properties. The best results came from the Argo zone two holes from which ran as follows: • 1049.64 g/t Ag eq over 6.03 m in DDH DN20-18, included within an interval grading 119.95 g/t Ag Eq over 58.37m • 2128.48 g/t Ag eq over 2.46m in DDH DN20-20, included within an interval grading 221.03 g/t Ag eq over 34.09m Further favourable 2021 drilling results were published on January 18, 2022, full details of which can be accessed on sedar.com under Teuton’s profile. Teuton also has completed a purchase of units of Decade Resources in a private placement: 10,000,000 units were purchased at $0.05/unit, funds to be used to conduct further work at Del Norte and for general corporate purposes.