| Glacial Meltback Exposes Large Alteration Zone on Teuton's Big Gold Property, Southwest of Pretium's Brucejack Property | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 23, 2015) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(FRANKFURT:TFE)(TEUTF) announces that 2015 prospecting has led to the discovery of an extensive zone of alteration located on Teuton's Big Gold property, situated 12km southwest of Pretium Resource's Brucejack property (see map, as referenced by URL noted at the end of the release), in the Golden Triangle region of northwestern British Columbia. The Big Gold property lies 6km to the southwest of Teuton's King Tut and Tuck properties, recently optioned to Pretium Resources (see news release dated Aug. 10, 2015). The new alteration zone was discovered during a routine follow-up of anomalous samples taken during a regional reconnaissance conducted in 2006. In the last nine years the area has opened up completely, and is now free from snow and ice for a distance of at least one km north-south, and up to 800m east-west. The area is marked by prolific sericite alteration and exhibits strong shearing. Numerous quartz sericite schist sub-zones have been discovered of which two have been tested to date by limited sampling. Assays for other sub-zones are awaited. One of the sub-zones, traced for at least 150m and with an indeterminate length, is up to 10 to 15m wide and features quartz-pyrite mineralization. In some areas, pyrite forms up to 30% of the rock and some samples from the zone have shown arsenopyrite and jarosite alteration. The sub-zone is bracketed by outcrops of limestone and also a volcanic rock carrying abundant mariposite. The quartz sericite schist shows a vertical foliation and forms a series of hummocks where the silicification has been more intense and the rock less resistant to erosion. Eight grab samples taken along a 150m traverse of the sub-zone averaged 0.81g/t gold equiv. (0.66 g/t gold and 10.7 g/t silver at a 70:1 ratio; gold ranged from 0.04 to 1.82 g/t and silver from 4.0 to 23.5 g/t). Elevation is at 1380m and the topography of most of the alteration zone is quite easily traversable. Access at present is by helicopter, but in the future the property could be accessed by the already existing road ending on Teuton's Four J's property, from there directly west up the Frank Mackie Glacier to the property a distance of some 7km. D. Cremonese, P.Eng., president of Teuton, commented: "This is yet another example of a prospective area being discovered through ablation (meltback) of snow and icefields. At the time of the first visit in 2006, exposure was quite limited--now the entire side of the mountain has opened up for prospecting. It is also pleasing to see that one of the first sub-zones investigated is gold-bearing. Regionally, quartz sericite schists have proven to be an important host rock for gold deposits. The next stage of work is an extensive rock geochem survey to define zones of interest followed by diamond drilling of select targets." |
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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 53,1 millions (38,1 millions US$, 35,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 20 février 2015 à 0,02 , et son plus haut niveau récent le 07 août 2020 à 4,85 . Teuton possède 47 442 200 actions en circulation. |