Teuton Resource Corp.: Airborne Geophysical Survey Planned over Pearson-Mach-Big Gold-Eskay Rift-Powder Properties
21 February 2018 - 12:30AM
Teuton Resources Corp. (“Teuton” or “the
Company”) (TSX-V:TUO)
(Frankfurt:TUC)
is pleased to report that it
intends to carry out a ZTEM airborne survey over its
Pearson-Mach-Big Gold-Eskay Rift-Powder properties.
The Pearson and surrounding properties lie about
20km to the south-southwest of Seabridge Gold’s prolific KSM
property, home to the world’s largest reserves of copper and
gold. The former Granduc copper mine, British Columbia’s 2nd
largest Besshi deposit after Windy Craggy, is situated 3km to
the southwest. Garibaldi Resources’ E&L nickel prospect,
subject of intense exploration interest in 2017, lies 38km to the
northwest along the path of the South Unuk/Harrymel Fault (which
coincides with Kyba’s “Red Line”). Both Garibaldi’s E&L
property and Teuton’s Pearson property lie within gravity highs
(see figure entitled Gravity Anomaly Map—URL at end of
release).
Teuton presently owns a 100% interest in the
Pearson and adjoining properties.
Geophysical Anomaly
In early 2013 the previous owner of the Pearson
property (Castle Resources) had an independent consulting company
(Caracle Creek International Consulting) model and interpret a
series of EM anomalies on the Pearson property as defined by an
earlier VTEM airborne survey. The resulting work identified a
major, 2+km long EM target. The target was scheduled for
drilling by Castle in 2013 but due to unknown circumstances this
was not done. In 2015, 100% ownership of the Pearson property
reverted to Teuton.
[Readers are cautioned that Teuton’s Qualified
Person, D. Cremonese, P.Eng., has not independently verified either
the collection of the geophysical data or the
modelling/interpretation of it. However, he has no
reason to believe that it is not reliable. As President of
Teuton Resources, Mr. Cremonese is not independent of the
Company.]
New Area of Green/Blue Copper
Stain
Prospecting carried out in 2017 to the north of the
Pearson property on the Mach 3 claim resulted in the discovery of a
kilometer long zone carrying numerous instances of green-blue,
malachite and azurite stain. Local veins and breccia
occurrences have carried gold values running from trace to 68.7 g/t
gold. Pervasive pyrite mineralization along with copper staining
and alteration suggest that this area may represent the top of a
porphyry copper system.
Exploration Plans for 2018
Teuton is soliciting bids for a ZTEM airborne
geophysical survey to be flown over the Pearson-Mach region (as
well as the neighbouring Tennyson claims). ZTEM is a useful
tool for defining the alteration common around porphyry systems as
well as identifying large and deep EM targets.
About Teuton
Teuton owns interests in more than thirty
properties in the prolific “Golden Triangle” area of northwestern
British Columbia and was one of the first companies to adopt what
has since become known as the “prospect generator” model. Eleven of
its properties are currently under option and cash proceeds from
these options have exceeded $1.45 million in the past two years,
not including the value of shares received from the optioning
companies. Shareholders and other interested parties can
access information about Teuton at the Company’s website,
www.teuton.com.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
For the Gravity Anomaly Map go to:
http://teuton.com/wp-content/uploads/2018/02/Pearson-Area-Gravity-Anomaly-Map-Expanded-2.pdf
For a write-up on the Pearson anomaly, adjoining
Mach 3 claims, photos, drone video, and plan map of the proposed
airborne survey go to:
http://teuton.com/properties/pearson/
For more information contact Investor Relations at
778-430-5680 or barry@teuton.com. If you would like to be
added to Teuton’s news distribution list, please send your email
address to dino@teuton.com
This news release includes certain forward-looking
statements concerning the future performance of our business, its
operations and its financial performance and condition, as well as
management’s objectives, strategies, beliefs and intentions.
Forward-looking statements are frequently identified by such words
as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”,
“intend” and similar words referring to future events and results.
Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is
inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including the speculative nature of mineral
exploration and development, fluctuating commodity prices,
competitive risks and the availability of financing, as described
in more detail in our recent securities filings available at
www.sedar.com. Actual events or results may differ materially from
those projected in the forward looking-statements and we caution
against placing undue reliance thereon. Teuton Resources Corp. does
have an ongoing obligation to disclose material information, as it
becomes available.
The TSX Venture Exchange has neither approved nor
disapproved the information contained herein.
Teuton Resources (TSXV:TUO)
Historical Stock Chart
From Oct 2024 to Nov 2024
Teuton Resources (TSXV:TUO)
Historical Stock Chart
From Nov 2023 to Nov 2024