Nice job,surprise,surprise
ORIGINAL: Drilling Begins at Midas Property - Konkin Silver to be Drilled Next
2021-08-03 08:30 ET - News Release
(via TheNewswire)
August 3, 2021 - TheNewswire - Vancouver, Canada – Teuton Resources Corp. (“Teuton” or “the Company”) ( TSXV: TUO) (Frankfurt: FTE ) (OTC:TEUTF) and Silver Grail Resources Ltd. ( TSXV: SVG) (OTC: SVGAF) report that drilling has begun on their Midas property (Teuton – 75%, Silver Grail – 25%) situated 27 km east of Stewart, BC in the Golden Triangle, due south of Teuton’s Del Norte property currently under option to Decade Resources. The first hole is testing, at depth, a strong ZTEM anomaly, the “A-6”, detected during a 2018 airborne geophysical survey flown by Geotech. The southern portion of the anomaly lies within the Midas property, the northern portion is on the Del Norte; a rhyolite dome is exposed on surface within the northern portion.
Midas Property
The Company is using a heavy-duty drill with capacity to penetrate 1,000 metres under contract from BC Diamond Drilling. Yellowhead Helicopters is providing air support.
Geotech’s geophysicists had this to say about the A-6 target: “ It is stretching roughly in the NS direction over a distance of ≈ 1.5 km and connects the 3Oz Vein and the Rhyolite Dome showing. It has an estimated resistivity of < 50 ohm-m at depth of 300m, coincides with a strong Aerotem conductor and occurs within a zone of magnetic low. It is affected by a NW striking fault and occurs within a zone of complex structural pattern. It may represent a link to a tension fault generated by the NW striking fault system .”
The drill is currently at 500+ m depth. It has intersected a series of felsic volcanic and volcanoclastic rocks including peperite with a section of rhyolitic flows and or tuffs. In one core interval, very fine-grained pyrite appears to be associated with thin exhalite layers. Drilling is expected to continue to 700 m. Core is brought to the Teuton core storage facilities on a daily basis where it is being logged and processed. The Teuton geologists will determine intervals to cut with blanks and standards inserted in the sample stream for quality assurance.
Konkin Silver Property
The Konkin Silver property adjoins due south of the Midas and is 50% owned by Teuton and 50% by Silver Grail. Silver-bearing mineralization has been discovered in a number of showings throughout the property in past exploration programs.
The aim here is to test at depth a strong ZTEM anomaly, the “A-9”, discovered during a 2018 Geotech survey. The A-9 surrounds two, large VTEM anomalies detected during an earlier survey completed in 2005 (see Map, URL at end of the News Release). Neither of the anomalies has been previously drill-tested.
Geotech summarized the A-9 target as follows: “ It lies within the Hazelton Group volcanics and appears to be structurally controlled by a NNW striking fault. It is stretching roughly in the NNW direction over a distance of ≈ 2 km along an inferred fault zone. It has an estimated resistivity value of < 30 ohm-m at depth of 300m and coincides with a strong Aerotem conductor.”
The drillpad is collared within the Salmon River Formation in an area marked by carbonaceous mudstones. Discrete gossanous zones are in evidence west, east, north and southeast of the drillsite. Drilling will begin at Konkin Silver as soon as drilling on the Midas is complete.
Dino Cremonese, P. Eng., Teuton’s President, states: “In 2021, our plan is to test a number of targets generated by airborne surveys flown in 2005 and 2018. In the Del Norte-Midas-Konkin Silver corridor, past exploration suggests potential for VMS mineralization with particular sections having a geological setting which is somewhat analogous to that in and around the Eskay Creek deposit (rhyolite breccias, peperitic dacites, carbonaceous mudstones). After we have finished in this part of the Golden Triangle, we plan to move to the Eskay Rift property in the Frank Mackie glacier area (wholly owned by Teuton Resources) and drill various ZTEM targets there. “