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Teuton Resources

Publié le 24 avril 2013

GOLDEN TRIANGLE UPDATE

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Mots clés associés :   Canada | Copper | Zinc |

 

                                                                                         TEUTON RESOURCES/PRETIUM RESOURCES GOLDEN TRIANGLE UPDATE

 

 

On April 18, 2013 Pretium came out with the following interview: http://ceo.ca/pvg

 

The comparison of Valley of the Kings with Hemlo, Canada's great gold discovery of more than 20 million ounces, is profound.  Coincidentally, Mr Quartermain was a major force at Hemlo, and is now the head push behind Valley of the Kings

 

Pretium has fallen recently from the $16 level to as low as $5.50.  In our opinion, this is a major overreaction on the part of the markets to the contemporaneous fall in the price of gold.  Our take on this is that we are less than two months away from the bulk sample results at Valley of the Kings....once that vital piece of information is in place, this property should be well on the road to the recognition it deserves... another Hemlo in terms of total ounces and an Eskay Creek in terms of gold grade.  

 

At Hemlo, there were two adjacent properties that also produced gold mines.  We are in exactly the same position right now.  Our High North property, lying due south of the Valley of the Kings and Bridge zones,  is already known to be gold-bearing...the 222m of 0.87 g/t attests to that.  The hole is virtually identical to the average hole from the Bridge zone on Pretium's property.  AND....MOST IMPORTANT....WE HAVE YET TO DRILL THE UPPER PART OF THE SYSTEM WHERE WE KNOW FROM SURFACE SAMPLING THAT GRADES UP TO 16G/T EXIST....IN OTHER WORDS, WE HAVE EXCELLENT PROSPECTS FOR HIGH-GRADE.    

 

At the initial Hemlo discovery, it took more than 70 holes before they got any encouragement whatsoever.   We have hit on our first and only hole at the High North....we KNOW the system there is gold-bearing.  We do not have to go through 70 holes..we are already there.  When we drill the upper part later in the season, we are confident that we will hit values that are much in excess of 1g/t....we say this because the low-grade that we encountered in drilling in 2012 starting some 300m down did not contain any copper, lead or zinc...yet on surface we see copper stain throughout the southeast part of the nunatak, the undrilled, completely untested part.   And that particular type of copper stain is not from chalcopyrite but from tetrahedrite...known to accompany high-grade silver and gold values in the Sulphurets region.  We have also seen abundant galena (lead sulfide) in certain hand specimens from this zone.  Moreover the assays from the surface samples taken from this zone, as well as supporting gold assays up to 16 g/t gold,  also include significant values in copper, lead and zinc.  

 

It was announced yesterday by Pretium that they have just completed a $40,000,000.00 financing $6.92/sh with a U.S. institution. Funds to be allocated to BruceJack/Valley of the Kings project.

 

I have also included the news release dated April 11,2013 detailing Teuton?s private placement.  Should you have an interest in participating,please contact Gary M. Assaly,Investor Relations at 1-800-879-2333

 

 

 

 

 

 

 

 

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Teuton Resources

EXPLORATEUR
CODE : TUO.V
ISIN : CA88162H1010
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Teuton est une société d’exploration minière d'or et de cuivre basée au Canada.

Teuton détient divers projets d'exploration au Canada et au Mexique.

Ses principaux projets en exploration sont DEL NORTE, CLONE GOLD, TREATY CREEK et CLONE au Canada et DIANA et EL REAL au Mexique.

Teuton est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 47,0 millions CA$ (34,2 millions US$, 32,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 20 février 2015 à 0,02 CA$, et son plus haut niveau récent le 07 août 2020 à 4,85 CA$.

Teuton possède 30 110 000 actions en circulation.

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