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2019 Drilling of Del Norte Property Suggests VMS Environment; Teuton Now Owns 75% of Clone Gold-Cobalt Property
(via TheNewswire) November 25 2019 - TheNewswire - Vancouver, BC - Teuton Resource...
About this update from Teuton Resources Corp.
[{"type":"text","content":"2019 Drilling of Del Norte Property Suggests VMS Environment; Teuton Now Owns 75% of Clone Gold-Cobalt Property(via TheNewswire)\n\n \nNovember 25 2019 - TheNewswire - Vancouver, BC - Teuton Resources Corp. (\"Teuton\") (TSXV:TUO) (Frankfurt:TFE) (OTC:TEUTF) drilled four holes into its 100% owned Del Norte property in 2019. The first two holes targeted a sharp EM anomaly identified by a 2005 airborne survey lying parallel to and just east of the LG vein. Interpretation of a 2018 ZTEM survey flown over the same area suggested a zone of alteration beginning about 200m below surface. Assay results and geological analysis of the two holes indicate the following:\n\n \n \n\n\n- The stratigraphic sequence includes andesite/andesite breccia of the Betty Creek Formation conformably overlain by dacitic rocks of the Mt Dilworth Formation overlain unconformably by sediments of the Salmon River Formation.\n\n\n\n- This geological sequence drilled is analogous to the geology of the Eskay Creek deposit. \n\n\n\n- Bedded sulphides are indicated in the mudstone horizon which is black, thinly bedded, with minor thinly bedded pyrite in beds up to 1 cm wide over a 10 m section. \n\n\n\n- Anomalous zinc and silver values are indicated for the mudstone horizon tested.\n\n\n\n- Presence of up to 30% anhydrite (calculated from analysis) in the dacites immediately below the mudstones suggests the presence of a nearby volcanic vent\n\n\n\n \n \nThe reason for the strong EM anomaly has not been determined by the holes. Teuton plans to carry out surface geophysical surveys in 2020 to see if it can vector towards the area where VMS-type mineralization is potentially most concentrated. Positive results from such work will lead to an expanded drill program. \n\n \n \nDino Cremonese, P. Eng., President of Teuton Resources Corp., commented as follows: \"Although we did not hit economic precious metal mineralization in either of the holes this year, we did underscore the hypothesis that the property has significant VMS (Volcanogenic Massive Sulfide) potential. Right after the Eskay Creek discovery in 1989, Del Norte was optioned to Goodgold Resources (Murray Pezim's and Ned Goodman's company) on the basis of geological similarities to the setting at Eskay. In 2005, the property was optioned to Sabina Silver who stated in an October 3, 2005 news release: 'The ge...