| Teuton Resources Corp. - Drilling Begins at Tuck Target, High Property | |
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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. |
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Teuton Resources
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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 44,0 millions CA$ (32,1 millions US$, 30,0 millions €). La valeur de son action a atteint son plus bas niveau récent le 20 février 2015 à 0,02 CA$, et son plus haut niveau récent le 07 août 2020 à 4,85 CA$. Teuton possède 30 110 000 actions en circulation. |