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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (8668)9/4/2014 11:13:21 AM
From: Goose94Read Replies (1) | Respond to of 202404
 
Teuton Resources (TUO-V) Sept 4th 2014 has commenced drilling on its newly discovered Tuck showing on the 100-per-cent-owned High property, located 55 kilometres 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 subzone containing massive to semi-massive pyrite was discovered. This was the heaviest concentration of sulphides 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 grams per tonne silver and from 0.84 to 5.48 g/t gold, averaging 37.34 g/t silver and 2.28 g/t gold. The subsurface 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 per cent of the rock. Pyrite as coarse grains and as fine-grained veinlets (up to one centimetre wide) form up to 10 per cent 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-per-cent-owned Del Norte property located 30 kilometres 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.