04:20:20 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
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Sabina Gold & Silver Corp
Symbol SBB
Shares Issued 194,019,926
Close 2014-07-21 C$ 0.82
Market Cap C$ 159,096,339
Recent Sedar Documents

ORIGINAL: Teuton closes acquisition of Del Norte-Midas interest

2014-07-22 15:07 ET - News Release

See News Release (C-TUO) Teuton Resources Corp

Received by email:

File: delnorteclosing2.docx

TEUTON RESOURCES CORP.
202-2187 Oak Bay Avenue
Victoria, BC  V8R 1G1
Phone: (604) 682-3680  Fax: 682-3992
Toll Free: 1-800-879-2333
Website:  www.teuton.com 

NEWS RELEASE--- DEL NORTE-MIDAS PROPERTY PURCHASE CLOSES

July 22, 2014, Vancouver, BC: Teuton Resources Corp. ("Teuton") ("TUO"-TSX-V) ("TFE"-Frankfurt)  ("TEUTF"-OTCBB)  anno
--->unces that it has closed its agreement with Sabina Gold & Silver Corp. ("Sabina") to purchase Sabina's 50% interest in
---> the Del Norte-Midas property, located 20 miles east of Stewart, BC.     Teuton has issued 500,000 of its shares to Sa
--->bina and has agreed to grant Sabina a 1% NSR in the property, one-half of which can be repurchased for $1 million.  Th
--->e buy-back on the NSR is limited to any time prior to completion of a feasibility study.  The TSX-V accepted for exped
--->ited filing documentation of the purchase and sale agreement between Teuton and Sabina on July 15, 2014.

Teuton plans to conduct a drilling program on the Del Norte property this summer, contingent upon obtaining financing.
--->  Past data on the property, which includes over 90 diamond drill holes, is extensive.  This is currently being review
--->ed along with results of an ongoing geophysical analysis of past airborne work in order to ascertain drill targets.  

Work is already underway on the Company's High property, located  south and along geological trend of Seabridge Gold's
---> KSM property and Pretium Resources' Brucejack-Snowfield property.  There is much freshly exposed ground this year rig
--->ht in line with the Sulphurets trend which appears to be heavily altered.  One prominent gossan, newly emerging from t
--->he under the snow and ice, is slated for extensive prospecting and sampling in the coming weeks.  Positive results fro
--->m this work could lead to follow up diamond drilling, again, contingent upon obtaining financing.

In other corporate developments, the Company recently held its Annual General Meeting at which the shareholders voted 
--->in the management slate:  Ed Kruchkowski, Alexandra Cremonese, Amanda Mullin and Dino Cremonese were all elected as di
--->rectors.  Manning Elliott, LLP, Chartered Accountants, was voted in as auditor.  Subsequent to the AGM, Dino Cremonese
---> was appointed as President and CEO and Amanda Mullin was appointed as the new CFO.    

D. Cremonese, P. Eng., is the Qualified Person for the purposes of this news release.  He is not independent of the Co
--->mpany.

Respectfully:

"Dino Cremonese, P.Eng."

President,
Teuton Resources Corp. 

If you would like to be added to Teuton's news distribution list, please send your email address to gary.teuton@shawli
--->nk.ca.

This news release includes certain forward-looking statements concerning the future performance of our business, its o
--->perations and its financial performance and condition, as well as management's objectives, strategies, beliefs and int
--->entions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "antic
--->ipate", "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 explorat
--->ion and development, fluctuating commodity prices, competitive risks and the availability of financing, as described i
--->n more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materia
--->lly from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teut
--->on Resources Corp. does have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.    



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