Teuton to begin drilling at Golden Triangle Aug. 2016-07-26 09:17 ET - News Release
Mr. Dino Cremonese reports
TEUTON RESOURCES CORP. DRILLING TO START ON GOLDEN TRIANGLE PROPERTIES
Diamond drilling is set to begin Aug. 5, 2016, on Teuton Resources Corp.'s properties in the Golden Triangle region of northwestern British Columbia. Up to four properties are slated for drilling during the field season.
Teuton currently owns interests in 15 properties in the area located south of the Brucejack property of Pretium Resources and the KSM property of Seabridge Gold. Seven of these properties are currently under option: Tudor Gold has optioned the High North, Orion, Delta and Fairweather properties; Pretium Resources has optioned the King Tut and Tuck properties; and Rotation Minerals has optioned the Four J's property.
All of these properties lie along, or in close proximity to, the "red line" identified by B.C. government regional geologist Jeff Kyba as being prospective for the discovery of large mineral deposits. The red line marks the contact between Stuhini Triassic rocks and Hazelton Jurassic rocks. Within this area, Teuton's Big Gold property and Pearson property have been selected for drilling in 2016.
A brief prospecting program on the Big Gold in 2015 discovered a zone of sericite schists containing anomalous to highly anomalous gold and silver values along a hundred-metre-long interval. Further rock geochemical sampling is required to delimit the zone, after which higher-grade sections will be drilled.
Teuton's Pearson property was formerly owned by Bell Copper and later by Castle Resources. A 100-per-cent interest in the property was transferred to Teuton in early 2016.
Castle Resources defined a two-kilometre-long drill target on the Pearson property by modelling of certain geophysical anomalies identified in a 2010 airborne survey. In a Feb. 27, 2013, news release, Castle stated: "This feature trends north-south, exhibits a conductivity greater than 13 millisiemens per metre and extends over a strike length exceeding two kilometres, dipping approximately 15 degrees to the south. This feature extends to surface at location 419235 E, 6234560 N, and the majority of the feature begins 200 metres below surface, representing a potential near-surface drill target. This conductive feature is located within a magnetic low and bounded to the east by a magnetic high."
The map of the anomaly can be seen on-line.
Although Castle Resources stated its intention to drill the "massive anomaly" later in the year, it never did. Teuton plans to drill the anomaly in 2016 after conducting some routine sampling programs to identify optimal sites for drill pads.
One area close to the anomaly contains sections with abundant green copper stain. Photographs taken by Teuton personnel in 2006 can be seen on the company website under "Pearson property."
Readers are cautioned that the geophysical anomaly has not been verified by Teuton's qualified person, Dino Cremonese, PEng, as he was not involved in its identification and interpretation. However, Mr. Cremonese has no reason to believe that the work done by Castle Resources and substantiated by its qualified person is unreliable. Teuton also plans to drill its Konkin Silver and Del Norte properties during the 2016 field season. Both of these properties are located east of Stewart, B.C., in the Red Mountain area, currently being explored by IDM Mining. Details on these programs will be announced at a later date.
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