| Teuton Resources Corp. - Drilling Begins at Tuck Target, High Property | |
| | |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 4, 2014) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO) (TFE.F) (TEUTF) is pleased to report that drilling has commenced on its newly discovered Tuck showing on the 100%-owned High property, located 55km north of Stewart in the Golden Triangle of northwestern British Columbia. The drill is currently on the second hole. During construction of the drill pad and clearing away of local snow, a sub-zone containing massive to semi-massive pyrite was discovered. This was the heaviest concentration of sulfides yet seen on the Tuck showing. Two weeks ago several prospecting traverses were run over the alteration zone. One of these traverses had five grab samples ranging from 1.6 to 171 g/t silver and from 0.84 to 5.48 g/t gold, averaging 37.34 g/t silver and 2.28 g/t gold. The sub-surface extension of this area is being tested by drilling. Within the alteration zone, anomalous gold and silver values are associated with intensely sericite altered volcanic rock. The altered rocks are jarosite stained with a strong quartz stockwork that locally forms up to 50% of the rock. Pyrite as coarse grains and as fine grained veinlets (up to 1cm wide) form up to 10% of the zone overall. A fine black unidentified sulphide occurs in some of the rocks sampled. Elsewhere on the Company's Stewart area holdings, on the 100%-owned Del Norte property located 30km east of Stewart, continued prospecting has identified an area where blue copper stain is oozing out of a streambed. This area had not been previously identified. Further work is planned and may lead to a decision to drill contingent upon financing. Drill permits are already in place. The Company plans to post pictures of the new copper-bearing zone on its website in the near future. The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as president, is not independent of the Company. Assays were performed by Pioneer Laboratories of Richmond, BC, an accredited facility. |
|
|
Teuton Resources
|
|
EXPLORATION STAGE |
CODE : TUO.V |
ISIN : CA88162H1010 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Teuton is a gold and copper exploration company based in Canada. Teuton holds various exploration projects in Canada and in Mexico. Its main exploration properties are DEL NORTE, CLONE GOLD, TREATY CREEK and CLONE in Canada and DIANA and EL REAL in Mexico. Teuton is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 47.9 millions as of today (US$ 34.8 millions, € 32.6 millions). Its stock quote reached its lowest recent point on February 20, 2015 at CA$ 0.02, and its highest recent level on August 07, 2020 at CA$ 4.85. Teuton has 30 110 000 shares outstanding. |