the rest of the N/RVENTURE:TUO)(TFE.F)(TEUTF) is pleased to report results from two holes drilled in 2012 on the High South property, situated north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the "Golden Triangle").
Both holes intersected lengthy sections of intense iron carbonate alteration with cross-cutting fractures containing pyrite and sphalerite mineralization. These intervals did not return significant values in gold. However, at the end of Hole HS12-02, narrow sections of extremely fine-grained, massive sulfide mineralization containing appreciable lead, zinc, silver and gold values were encountered as follows:
Drill
Hole |
Interval
(feet) |
Width
(feet) |
Lead
(%) |
Zinc
(%) |
Silver
(g/t) |
Silver
(oz/ton) |
Gold
(g/t) |
Gold
(oz/ton) |
| HS12-02 |
785.5-785.9 |
0.4 |
2.75 |
5.03 |
70.8 |
2.06 |
2.85 |
0.08 |
| HS12-02 |
843.2-844.4 |
1.2 |
7.18 |
4.12 |
243 |
7.09 |
7.18 |
0.21 |
The lead-zinc mineralization appears to have been remobilized, and is hosted within a volcaniclastic-flow sequence with associated discordant stockwork stringers. Preliminary assessment suggests the mineralization could be VMS (Volcanogenic Massive Sulfide) in nature, similar to that at Eskay Creek. Unfortunately, shortly after intersecting the mineralized zone, drill hole HS12-02 had to be terminated at 850 feet due to high avalanche risk in the area supplying water to the drill.
Dino Cremonese, P.Eng., President of Teuton Resources Corp., commented as follows: "The local geological setting-rhyolite, felsic volcanics, mudstones and mafic rocks-- is conducive to hosting VMS mineralization, and is in some respects similar to that at Eskay Creek. So we are gratified to have encountered gold and silver-bearing massive sulfide mineralization, even though the intervals are narrow. We intend to extend these positive results with further drilling in 2013, in addition to a large program which is planned as a follow-up of the highly successful High North drill hole that ran 222 meters (728 feet) of 0.88 g/t gold."
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. All samples were assayed by Pioneer Laboratories of Richmond, BC, an ISO9001-certified laboratory. The Qualified Person has used the assay data for the drilling and the drill logs to calculate the gold-bearing intervals The QA/QC protocol system employed during the 2012 exploration program included procedures for monitoring the chain-of-custody of samples and the insertion of blanks and reference standard samples in every batch of samples.
Respectfully:
"Dino Cremonese, P.Eng."
President, Teuton Resources Corp.