Teuton Resources: Pearson Property Copper Assays; Treaty Creek Property Gold Assays
September 18 2017 - 7:30AM
Teuton Resources Corp. (“Teuton” or “the
Company”) (TSX-V:TUO) (Frankfurt:TFE1) is pleased to
announce that partial assay results for sampling conducted in 2017
on its 100% owned Pearson property have been received.
The Pearson property is situated 20km south-southwest of Seabridge
Gold’s prolific KSM property (host to the world’s largest reserves
of copper and gold) in the Golden Triangle region of northwestern
British Columbia.
Prospecting began in early August and
concentrated on two areas. The first was an area where
extensive green copper stains were apparent in cliff faces, close
to a large geophysical anomaly discovered in 2010 during an
airborne survey. Malachite and magnetite bearing samples
taken from float found directly below the cliff faces averaged
1.63% copper and >15% iron. The character of the rock and
the grades suggest that Granduc-type Besshi mineralization occurs
in the cliff faces (petrographic studies will be undertaken to
definitively ascertain whether these samples come from a Besshi
occurrence). The formerly producing Granduc copper mine,
British Columbia’s second largest Besshi occurrence after Windy
Craggy, is located 3km southwest of the Pearson property.
Various grab samples taken from other structures identified on the
Pearson claims, mostly either quartz veins or diorite, ranged from
trace to 8.57% copper, trace to 0.07% cobalt, trace to 16.7% zinc,
trace to 29.2% lead, trace to 451 g/t silver, and trace to 12.7 g/t
gold.
On the Pearson North property, Teuton personnel
discovered a zone which contained multiple occurrences of malachite
and azurite. Many vein samples were taken from carbonate
altered areas found mostly within the malachite rich zone which ran
trace to 7.06% copper, 0.2 to 321 g/t silver and 0.05 to 68.69 g/t
gold (2.01 oz/ton gold).
D. Cremonese, P.Eng., President of Teuton,
commented as follows: “I am very pleased with the sampling results
to date. As the next step, we are planning a high-resolution
airborne geophysical survey to better define drill targets (upon
receipt of positive petrographic studies). This survey will
also be conducted over the promising North Pearson discovery.”
Treaty Creek Property Drill Results
Teuton is also pleased to announce that more
high-grade, gold-bearing assays have been received from drilling of
the HC zone on the Treaty Creek property, situated north of the KSM
property of Seabridge Gold and the Brucejack property of Pretium
Resources in the Golden Triangle region of northwestern British
Columbia. Teuton holds a 20% carried interest in the
property (carried until a production decision is made) as well as
various NSR interests.
Tudor Gold, operator of the Treaty Creek project
and 60% owner, recently reported an additional four holes from the
HC zone. Walter Storm, President of Tudor Gold stated:
"We are very pleased with the results so far. We were attracted to
the Treaty Creek project by the clear potential for extensive
mineralized zones on our claims, and the results from the HC zone
within the GR2 claim block have exceeded our
expectations.” Highlights from the reported holes are
presented in the following table (a complete listing of assay
results can be obtained by referencing the Tudor Gold News Release
dated September 14, 2017, available on Sedar):
Table 1. Highlights From First Five holes into HC
Zone |
|
|
Hole ID |
|
|
From (m) |
|
|
To(m) |
|
|
Interval(m) |
|
|
Gold(g/t) |
|
|
HC-17-01* |
|
|
249.35 |
|
|
254.45 |
|
|
5.10 |
|
|
9.57 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HC-17-03 |
|
|
395.35 |
|
|
397.3 |
|
|
1.95 |
|
|
10.97 |
|
|
HC-17-03 |
|
|
435.3 |
|
|
435.8 |
|
|
0.50 |
|
|
33.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HC-17-04 |
|
|
346.6 |
|
|
350.0 |
|
|
3.4 |
|
|
9.41 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HC-17-05 |
|
|
203.05 |
|
|
203.95 |
|
|
0.9 |
|
|
11.0 |
|
*previously reported
Results from the HC zone suggest that the
mineralization is part of a precious metal rich, VMS system,
similar in certain respects to that at the nearby Eskay Creek
mine. Gold values are found within feeder veins and a vent
zone and as stratiform mineralization within mudstones.
Dino Cremonese, P.Eng., President of Teuton
stated: “I happened to be visiting the Treaty Creek property on the
day that Tudor Gold released the results from the additional four
holes. While there, I had the opportunity to listen in to a
conversation between Tudor Gold geologist Raul Sanabria and another
noted geologist from the Golden Triangle. I was shown the feeder
and vent zones as well as the stratiform sulphides in mudstone in
several of the holes that had already been reported. I also
saw some of the holes that are currently being assayed.
My impression from everything was quite positive.”
The technical data in this news release as
concerns Treaty Creek was derived from data reviewed by Raul
Sanabria, M.Sc., P.Geo, EurGeol, Tudor Gold’s Exploration Manager
and Qualified Person for the 2017 Treaty Creek field season.
The Qualified Person for this news release is Dino Cremonese,
P.Eng., who as President of Teuton is not independent of the
Company. Mr. Cremonese has not verified the accuracy of the
technical data prepared by Tudor Gold but has no reason to doubt
its accuracy. Samples taken by Teuton Personnel were
assayed by SGS Mineral Services of Burnaby, BC, an accredited
facility. Standard QA/QC practices were applied to the Teuton
sampling.
About Teuton
Teuton 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 $1.45 million in the past two years,
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 more information contact Investor Relations
at 778-430-5680 or barry@teuton.com. If you would like to be
added to Teuton’s news distribution list, please send your email
address to dino@teuton.com
Forward-Looking Statements: This news
release contains forward-looking statements. Forward-looking
statements address future events and conditions and therefore,
involve inherent risks and uncertainties. Actual results may differ
materially from those currently expected or forecast in such
statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Teuton Resources (TSXV:TUO)
Historical Stock Chart
From Oct 2024 to Nov 2024
Teuton Resources (TSXV:TUO)
Historical Stock Chart
From Nov 2023 to Nov 2024