ZTEM Airborne Survey (Geotech) To Be Flown Over Teuton’s Del Norte, Tennyson and Pearson-Mach Properties
March 26 2018 - 8:30AM
Teuton Resources Corp. (“Teuton” or “the Company”)
(“TUO”-TSX-V) ("TUC"- Frankfurt) is pleased to report that
it has signed a contract with Geotech Ltd., one of Canada’s leading
airborne geophysical companies, to carry out a ZTEM survey over its
Del Norte, Tennyson and Pearson-Mach properties. Altogether
1,143 line-kilometres will be flown at three separate locations
within the Stewart region, in the southern portion of British
Columbia’s Golden Triangle. Start-up for the
project is estimated to occur anytime from April to June of 2018.
Teuton presently owns a 100% interest in all
three properties.
D. Cremonese, P.Eng., President, commented as
follows: “We are pleased to begin the 2018 exploration year with an
aggressive airborne geophysical program employing the latest ZTEM
technology over three of our most prospective areas in the prolific
Golden Triangle region (Teuton owns interests in over thirty
properties in this promising region, many of them held for more
than 30 years). Geotech’s ZTEM system was specifically
designed to map large base metals deposits, such as porphyry copper
and sedimentary exhalative orebodies, but it has also been
successfully used for larger VMS deposits and large magmatic nickel
deposits. ZTEM will potentially help in two ways
at the Pearson-Mach: one, it will determine whether
alteration patterns conformable with a porphyry system exist on the
Mach and surrounding claims; and, two, it will provide an
alternative and much deeper look at the major, 2+km EM anomaly on
the Pearson. The immediate region—which includes the
former Eskay Creek gold-silver mine, Garibaldi Resources E&L
nickel prospect, Seabridge Gold’s giant KSM porphyry copper-gold
deposits and Pretium Resource’s new high-grade gold start-up, the
Valley of the Kings mine—is the logical place to be looking for
“elephants”. This system seems to be the perfect tool to that
end.”
Del Norte property
The Del Norte property is located 27km east of
Stewart, BC. Three streams cut through the property
from west to east, all of them carrying placer gold. Vein,
breccia, massive sulfide and porphyry styles of mineralization have
been found in previous fieldwork by Teuton from 1985 to 2017.
The most recent exploration efforts at Del Norte
have concentrated on its potential to host a porphyry copper-gold
deposit. Geotech’s ZTEM system is ideally suited for porphyry
copper-gold mineralization based on its ability to map weak
resistivity contrasts associated with porphyry alteration systems,
as well as for its ability to penetrate much deeper than
conventional VTEM.
Tennyson property
The Tennsyon property is an established porphyry
copper-gold prospect lying 15km south of the KSM property of
Seabridge Gold, host to the world’s largest reserves of copper and
gold contained within four large deposits (Kerr, Sulphurets,
Mitchell and Iron Cap). Drilling by Teuton in 2011 and
subsequently by Brigade Resources (a Hunter Dickinson company)
under option in 2013 at the Tennyson successfully outlined an area
over 450m long and up to 180m deep carrying typical porphyry
copper-gold grades. Brigade subsequently dropped the option
in 2014 on the heels of falling copper prices and a 100% interest
in the property was returned to Teuton.
Geotech flew ZTEM over a section of the
world-class Pebble calc-alkalic copper-gold molybdenum porphyry
deposit located in the Bristol Bay region of southwest Alaska in
2010. Some of the richest parts of the Pebble deposit are buried
under up to 600m of volcanic and sedimentary cover. With
careful processing, ZTEM was able to identify several of the
distinctive alteration haloes found around the porphyry deposits,
with more detail at depth than other systems.
It is hoped that Geotech’s ZTEM system can, like
it did at Pebble, outline continuations of the Tennyson porphyry by
effectively mapping the alteration zones around the known
occurrence, as well as pointing out new mineralized zones nearby
and at depth.
Pearson-Mach Property
The Pearson and surrounding properties lie about
20km to the south-southwest of Seabridge Gold’s prolific KSM
property and about 3km to the northeast of the former Granduc
copper mine, British Columbia’s 2nd largest Besshi deposit after
Windy Craggy. 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. Both Garibaldi’s E&L property and
Teuton’s Pearson property lie within gravity highs (see Press
Release dated Feb. 20, 2018).
A major, 2+km long EM target is situated within
the Pearson and preliminary hypotheses suggest that it may be due
to another Besshi deposit, similar to that at nearby Granduc.
It does not outcrop at surface and has not yet been
drilled.
Prospecting carried out in 2017 to the north of
the EM anomaly on the Mach 3 claim resulted in the discovery of a
kilometre 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.
D. Cremonese, P.Eng., is Teuton’s Qualified
Person for the purposes of this news release. As president,
Mr. Cremonese is not independent of the Company.
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 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
CORP.2130 Crescent RoadVictoria,
BC V8S 2H3
di778-430-5680Website:
www.teuton.com
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