| Teuton Resources Corp.: Drilling Update - High and Del Norte Properties | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 16, 2014) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO) (TFE.F) (TEUTF) is pleased to announce an update on drilling activity at both its High and Del Norte properties situated near Stewart in the Golden Triangle region of northwestern British Columbia. Drilling at the Tuck zone on the High property, located 50km north of Stewart, BC, is now complete. Altogether 16 holes were drilled into the zone, the majority at relatively shallow depth, with lengths ranging from approximately 23 to 170 metres. The 2014 drill program was designed to target higher grade areas within the southwest portion of the Tuck zone as indicated by increased sulfide content, consistent with results from surface sampling. All 16 holes successfully encountered broad intersections of Tuck zone altered rocks (quartz stockwork, jarosite staining and sericite alteration) and some contained sections with massive to semi-massive, very fine-grained pyrite. Core from the Tuck drill program is presently in Stewart and is being logged and diamond sawed. Assays are expected within 4-5 weeks. Continued prospecting over the High property has led to the discovery of a heavily altered gossan situated 1.5 kilometers to the northeast of the drilling area. This new zone shares many of the characteristics of the Tuck zone and may be related to it. Positive sample results would further qualify this newly discovered zone as an ideal candidate for drilling in the 2015 season. This would be in addition to follow up 2015 drilling planned for an area 200 metres to the north of the 2014 Tuck zone drilling, expected to be more widely exposed as the prevailing ice and snow cover continues to melt back. The drill has now been mobilized to the Del Norte property and is currently on the second hole at that property. The first hole targeted the depth expression of a mineralized zone trenched in the early 1990's which returned a grade of 0.388 oz/ton gold (13.3 g/t gold) across 6 metres (this interval represents only a portion of the zone width). Galena has been identified intermittently in a large section of the first hole (>30 metres) along with sporadic occurrences of tetrahedrite. Ruby silver (pyrargyrite) was also identified in two localities. Photographs of core from both the High and Del Norte properties will be available for viewing on the company website, www.teuton.com, by this weekend. |
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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. |