TUO-V two drill grams on the go...
Teuton Resources, Brigade start $4-million drill program at Tennyson
Aug 21, 2013 - News Release
Teuton Resources Corp. has provided an update on the the following corporate developments. A major diamond drilling program has begun on its Tennyson property, situated 40 kilometres north of Stewart in the Golden Triangle region of northwestern British Columbia. Operator of the program is Brigade Resources, a Hunter Dickinson company, which is in the second year of a four-year option to earn a 50-per-cent interest in the property by spending $6-million and making cash payments totalling $300,000.Brigade has informed Teuton that its budget for the 2013 season is $4-million. Brigade intends to drill up to 15 500-metre-deep holes to extend and delineate known porphyry copper-gold mineralization on the property. One drill has been mobilized to the property and another is due to arrive shortly. A third drill may be brought in if conditions warrant. Blackhawk Drilling out of Smithers, B.C., is the drill contractor.
The program will initially concentrate on drill testing two high-temperature porphyry-style hydrothermal centres exposed within the property, namely at the Tennyson North Cu-Au (copper-gold) zone (TNZ) and the Tennyson Southeast Cu-Au zone (TSEZ). A study of 19 historic drill holes (3,589 m) intersecting the TNZ indicates widespread porphyry-style copper-gold mineralization over a 400-by-200-by-175-metre area. The TSEZ has similar alteration and mineralization characteristics to the TNZ, returned identical copper-gold surface rock chip results, and is essentially untested by drilling.
On Aug. 20, 2013, Seabridge Gold announced diamond drilling results from work at its Iron Cap zone, the northernmost of four very large copper-gold deposits discovered on its KSM property. The Iron Cap lies about 800 m from the border with Teuton's Treaty Creek property, located 25 km north of the Tennyson property. One of the new holes reported by Seabridge Gold ran an impressive 1,023 m (3,356 feet) averaging 0.77 gram per tonne (g/t) gold and 0.24 per cent copper from nine m to 1,032 m.
On Aug. 19, 2013, Seabridge Gold contacted Teuton to ask if Seabridge and Teuton could recommence negotiations for Seabridge's proposed tunnel through the Treaty Creek property.
Dino Cremonese, PEng, president, commented as follows: "The decision by Brigade Resources to spend $4-million at our Tennyson claims in 2013 is a testament both to the property's potential and to the potential of the Golden Triangle region. Although there has been a marked slowdown in exploration activity in 2013 relative to preceding years, very large programs continue at Seabridge's KSM property, Pretium Resources' Brucejack-Snowfield property and Colorado Resources' North ROK property, all within the Golden Triangle. Teuton has strategic claims adjoining all three of these highly prospective properties. Some of these claims, such as Teuton's High property and Treaty Creek properties, have already demonstrated potential to host deposits similar to those found at the KSM and Brucejack-Snowfield."
The qualified person for the purposes of this news release is Dino Cremonese, PEng. Mr. Cremonese has not independently verified the results of work performed by Brigade Resources on the Tennyson property or Seabridge Gold on its KSM property, as reported herein.
The Treaty Creek property is currently the object of litigation between Teuton and its former optionee, American Creek Resources. American Creek is seeking among other things a declaration from the court that it has earned a 51-per-cent interest in the property; Teuton is seeking a declaration that American Creek has forfeited all right and interest in and to the Treaty Creek property. Should Teuton be successful in its arguments it will have a 100-per-cent interest in Treaty Creek; if unsuccessful, a 49-per-cent interest.
We seek Safe Harbor.
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Teuton Resources starts drill program at High property
Aug 22nd 2013 - News Release
A diamond drill program is under way on Teuton Resources Corp.'s High property, located 60 kilometres north of Stewart, in the Golden Triangle region of northwestern British Columbia.
The drilling program will concentrate on near-surface mineralization in the King Tut zone, situated 150 metres south of the border between Teuton's High property and Pretium Resources' Brucejack-Snowfield property, the latter featuring the exceptionally high-grade gold Valley of the Kings zone. On July 23, 2013, Pretium Resources announced discovery of another high-grade structure in the Valley of the Kings, the Cleopatra vein, from which one drill intersection reported 5.8 m grading 2,567 g/t gold (19.0 feet of 74.88 ounces per ton gold). A map showing the King Tut in relation to surrounding properties and mineral deposits/zones can be found on the company's website.
Assay samples from an initial 15 grabs taken from the King Tut zone in 2013 returned values ranging from 120 to 11,820 parts per billion (ppb) gold. Many of the samples were accompanied by elevated values in copper (58 to 2,538 parts per million (ppm)), lead (61 to 7,998 ppm) and zinc (54 to 7,529 ppm). The assemblage of elements in these samples is much different from last year's single hole into the King Tut which ran 222 m grading 0.88 g/t gold, suggesting a different mineralizing event. Assays from further samples taken in the vicinity from stockwork-type mineralization are awaited.
The drill is currently on the third hole of the program. Blackhawk Drilling out of Smithers, B.C., is the contractor.
Yellow Chris claims
Geochemical soil sampling results have also been received from reconnaissance lines emplaced over magnetic anomalies on Teuton's unoptioned Yellow Chris claims, located east of the Colorado Resources North ROK copper-gold discovery. Of 240 samples taken, values ranged from four to a very high 1,002 ppm copper. A crew will return to the claims shortly to construct grids around all copper anomalies for further soil sampling.
The qualified person for the purposes of this news release is D. Cremonese, PEng. All assays were performed by Pioneer Laboratories of Richmond, B.C., an accredited facility.
We seek Safe Harbor. |
