Business
New Zone at Harry Property Averages 2.0m of 7.86 Ounces/Ton Gold (269.5 G/T)
(TheNewswire) December 9, 2020 - TheNewswire - Vancouver, Canada –...
About this update from Teuton Resources Corp.
[{"type":"text","content":"New Zone at Harry Property Averages 2.0m of 7.86 Ounces/Ton Gold (269.5 G/T)\n \n \n (TheNewswire)\n \n \n \n December 9, 2020\n \n \n -\n \n \n TheNewswire -\n \n \n Vancouver, Canada –\n \n \n Teuton Resources Corp.\n \n \n (“\n \n \n Teuton” or “the Company\n \n \n ”)\n \n \n (\n \n \n TSXV:\n \n \n TUO) (\n \n \n Frankfurt:\n \n \n TFE) (\n \n \n OTC:\n \n \n TEUTF)\n \n \n is pleased to announce that a new zone of mineralization has\nbeen discovered on its Harry property averaging 7.86 oz/ton gold\n(269.5 g/t) across a 2 metre width.   The full width of the zone has\nnot been defined due to overburden cover.\n \n \n \n \n The new showing, called the “Milestone”, was found\nduring prospecting by geologist Jeff Auston, a long-time associate of\nTeuton director Ken Konkin.  Auston and Konkin previously worked\ntogether on the development of Pretium’s Valley of the Kings gold\nmine, which is located about 32km north of the Harry property in\nBC’s Golden Triangle.\n \n \n \n \n The Milestone occurs in virgin ground exposed in recent\nyears by retreating ice. Locally, a 300m wide zone with gossanous\noutcrops interspersed with glacial till features intense\nquartz-sericite-pyrite alteration.  The main showing contains coarse\ndendrites of visible gold within a milky quartz vein breccia. Many of\nthe surrounding outcrops have small veins carrying pyrite and galena\n(lead sulfide).\n \n \n \n \n During the 2020 assessment program carried out by\nTeuton, a number of grab and chip samples were taken during\nprospecting traverses of the northern portion of the Harry property.\n A grab sample from the Milestone showing ran 45.3 ounces/ton gold\n(1,553 g/t).  The showing consists of a quartz vein breccia trending\n310 degrees.  The second of two, 1m sub-samples taken across the zone\n(050 degrees) was the richest:  it ran 15.7 ounces/ton gold (538\ng/t).  Other samples taken in the surrounding gossans, mostly grabs,\nreturned values between trace gold and a high of 0.63 ounces/ton gold\n(21.6 g/t gold).\n \n \n \n \n In September of 2020, Teuton optioned its wholly-owned\nHarry property to Jayden Resources.  Jayden has the right to earn up\nto a 55% interest in the Harry property under the following terms: by\nspending $2,000,000 ...