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Teuton Resources Corp V.TUO

Alternate Symbol(s):  TEUTF

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.


TSXV:TUO - Post by User

Bullboard Posts
Post by Fabeon Aug 13, 2014 8:46am
218 Views
Post# 22835564

More exploration news :-)

More exploration news :-)Silver Grail, Teuton begin sampling at Gold Mtn, Ram 2014-08-13 08:37 ET - News Release See News Release (C-SVG) Silver Grail Resources Ltd Mr. Dino Cremonese reports 2014 RECON WORK BEGINS ON SILVER GRAIL-TEUTON PROPERTIES NEXT TO THE RED MOUNTAIN GOLD PROPERTY Silver Grail Resources Ltd. and Teuton Resources Corp. have begun 2014 reconnaissance sampling on their Gold Mountain and Ram properties, adjoining to the south of the Red Mountain gold property of IDM Mining, about 20 kilometres east of Stewart, B.C., in the southern half of the Golden Triangle. The companies plan to carry out prospecting particularly around zones of ablation (glacial meltback). The last time the claims were prospected was in the 1990's. Much new ground is expected to have opened up in the interim. On the Gold Mountain property previous work disclosed a 650 by 1,000 foot zone of pervasive quartz calcite veinlets, carrying gold values ranging from a few ppb up to 0.632 oz/ton. On the Ram property, prospecting has led to the discovery of several mineralized occurrences. These include hydrozincite-stained limetstone/dolomite horizons, argentiferous quartz veins, shears with minor sulphides, and a pyritic and chert horizon containing sporadic galena and sphalerite/hydrozincite. The geological setting on the Ram is prospective for BA-type mineralization, of the kind exposed on the BA property of Great Bear/Mountain Boy minerals to the north (where $5 million of exploration has disclosed an extensive silver and base metal bearing exhalative horizon). Prospecting is also planned for the nearby jointly-owned Konkin Silver and Fiji claims. On the Konkin Silver property several silver-bearing structures have been discovered in an exhalative horizon. One of these, the main Konkin Silver showing, returned trench results ranging from 14.8 ft. grading 2.53 oz/silver per ton to 29.5 ft. grading 34.94 oz. silver per ton. Native silver was observed in certain of the trench samples. There are some affinities with the formerly producing Torbrit silver mine located to the southwest. On the Fiji, located to the northwest of the Homestake property now being explored by Agnico Eagle, previous work in 2006 led to the discovery of two mineralized zones. Five out of sixteen samples from the zones returned gold values ranging from 0.327 to 1.27 oz/ton gold. One of the zones features fracture-controlled pyrite mineralization in what appears to be a highly altered intrusive. The second zone, in an area exposed by meltback of a snowfield, features sphalerite, galena, tetrahedrite, pyrite and barite mineralization hosted in altered volcanic rocks. Work in the area has been spurred by IDM Mining's recent purchase of the nearby Red Mountain gold property from Seabridge Gold. IDM is aiming at placing Red Mountain into production possibly as early as 2016, which will materially enhance infrastructure in the region. More information on the companies' properties can be obtained from their respective websites. The Silver Grail website at www.silvergrail.com has recently been updated. Teuton's website is at www.teuton.com. To view the map accompanying this press release please click on the following link: https://media3.marketwire.com/docs/SVG0813.pdf The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. Mr. Cremonese, P.Eng., is not independent of the Company. We seek Safe Harbor.
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