Long Zone of Copper Mineralization Found
August 21 2017 - 8:30AM
Teuton Resources Corp. (“Teuton” or “the
Company”) (TSX-V:TUO) (Frankfurt:TFE1) is pleased to
announce that its reconnaissance crew has discovered a kilometer
long zone of copper mineralization located on its Pearson claims
situated 20km south-southwest of Seabridge Gold’s prolific KSM
property (host to the world’s largest reserves of copper and gold),
in the Golden Triangle region of northwestern British Columbia.
Teuton holds a 100% interest in the property.
Prospecting began in early August investigating
the area of a large airborne geophysical anomaly, the source of
which is interpreted as being beneath surface. Chalcopyrite
and chalcopyrite-magnetite float was found in the vicinity of the
anomaly and numerous samples were taken. The crew then
explored sporadic outcrops of previously identified, copper stained
cliffs located to the west of the anomaly. Proceeding further
north, the crew discovered a new, 1km long stretch in which
abundant green and blue, malachite and azurite stained rocks were
observed.
Teuton geologist Dirk Meckert said: “It is very
encouraging that the malachite and azurite is found on the cliff
faces for a straight distance of about 1km, ending at an ice field
in the NW and a glacier in the SW. These are not only a few
occurrences, but staining shows in many places. Sometimes only
small spots, but also large patches that can be seen from 200m
away. Mineralization is tied to fracture fillings and
disseminations in wall rock as well as quartz veining.”
Theories as to the origin of the copper staining
are speculative at this time. Samples have been taken and
sent in for assay and results will be announced when received.
Mineralization observed in samples includes pyrite, galena,
chalcopyrite, magnetite and possibly sphalerite. Photographs of
some of the individual occurrences can be seen on the Company’s
website which also includes a claim map (see end of release for
URL).
D. Cremonese, P.Eng., President of Teuton
commented as follows: “The discovery is likely the result of the
ongoing meltback of snow and ice that has been accelerating
throughout the region in the past twenty years. Once assays
have been received, the next step will be further sampling and
geological mapping followed by a drill program if conditions
warrant (the Pearson property is already permitted for drilling).
All told, it is quite gratifying to find this much
mineralization at such an early stage of exploration.”
The Qualified Person for this news release is
Dino Cremonese, P.Eng., who as President of Teuton 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. Ten 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.
URL for claims map:
http://teuton.com/wp-content/uploads/2017/08/Pearson-property-location-map_04.pdf
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
Forward-Looking Statements: This news
release contains forward-looking statements. Forward-looking
statements address future events and conditions and therefore,
involve inherent risks and uncertainties. Actual results may differ
materially from those currently expected or forecast in such
statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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