More Interesting Core to Look at ...But no assays.
September 21, 2021 - TheNewswire - Vancouver, Canada - Teuton Resources Corp. (“Teuton” or “the Company”) (TSXV:TUO) (OTC:TEUTF) (Frankfurt:TFE) announces that its optionee, Decade Resources (“Decade”), has reported further encouraging visual results from Holes DDH-DN-21-14 to 16 on the Del Norte property, situated within BC’s “Golden Triangle”, 34 kilometres east of Stewart, BC.
Highlights of the recent drill holes include:
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10m of quartz and sulphide with fine visible gold in DDH-DN-21-15.
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Visible gold associated with sphalerite in DDH-DN-21-16.
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Successfully intersecting the zone in every drill hole during the 2021 program.
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2021 drilling indicates a strike length of at least 1200m and height of at least 200m for the zone tested this season. Zone is open both to the north and south and to depth.
Ed Kruchkowski, President of Decade Resources states: “Decade Resources is extremely pleased with the successful program to date on the Del Norte project. Decade Resources is also excited by the continued presence of visible gold, silver minerals and strong base metal mineralization in the latest drill holes. The drilling to date shows a great consistency along strike and to depth for the mineralization between the various drill holes along the Argo/LG zone. It is one of 4 major mineralized trends identified to date. Any one of the identified zones has the size potential to host a mineral deposit. The geology of the mineralized zone suggests deposition along a stratigraphic horizon similar to that hosting the Eskay Creek deposit. The Company will formalize 2022 field plans once all the assays have been received.”
Mineralization is located within a pyrite-rich, graphitic black mudstone horizon within black matrix lapilli tuffs with sub-intervals of dacite lapilli tuffs. The mudstone horizon contains small rounded fragments of pyrite as well as fine stringers of sphalerite. Fracturing and faulting within this unit has resulted in the deposition of quartz and sulphides. The faulting has resulted in black graphitic gouge, crushed sulphides and quartz fragments. Mineralization include pyrites, sphalerite, galena and tetrahedrite along with visible gold and silver in the 2021 drill holes.
Core logging and processing of core continues and samples are sent to MSA Labs in Terrace on a weekly basis.
The Del Norte property was optioned from Teuton Resource Corp. in January of 2020 with terms allowing Decade to earn up to a 55% interest in the property by spending $4 million over a five year period. Decade can earn an additional 20% interest by carrying the property to commercial production.
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Sure beats dusters but boy, the market has been indifferent. You do have to wonder whether there has been some cleaning up of the float while the SP has been crushed, in hopes of some rabbits finally leaping out of all those Del Norte hats. When promoters promote sotto voce they sometimes really have the goods and are desperately trying to tie up their own “too broadly” distributed paper? No point in letting too many of the unwashed swine of retail ride the glory train?
Something is up, just not the market cap, yet.
cg