Business
Teuton and Silver Grail Prepare for Summer Work on Their Properties Located East and Southeast of Stewart, BC in the Golden Triangle
(TheNewswire) June 14, 2023 – TheNewswire - Victoria , Canada – T...
About this update from Teuton Resources Corp.
[{"type":"text","content":"Teuton and Silver Grail Prepare for Summer Work on Their Properties Located East and Southeast of Stewart, BC in the Golden Triangle\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n June 14, 2023 –\n \n \n TheNewswire -\n \n \n Victoria\n \n \n , Canada – Teuton Resources Corp.\n (“Teuton”) (\n \n \n TSX:\n \n \n TUO) and Silver Grail\n(Silver Grail) (TSXV:\n \n \n SVG\n \n \n )\n \n \n announce that they are finalizing plans for a summer work\nprogram on some of their many properties located east and southeast of\nStewart, British Columbia.  This area has become a prominent\nexploration hub in recent years, mostly because of the efforts of\nDolly Varden Silver Corporation and Goliath Resources Limited. These\ntwo companies have announced plans for drilling a combined total of\n58,000 metres in 2023 at their Homestake Ridge-Dolly Varden and\n Golddigger properties, respectively. This amount of planned drilling\nis comparable to programs slated for the\nTreaty-Sulphurets-Scottie-Premier area about 60 km to the northwest,\ntraditionally the hot spot for exploration in the Triangle.\n \n \n \n \n Teuton and Silver Grail own interests in many\nproperties within this sub-region, foremost among them being the\nClone, Tonga, Fiji, Midas and Konkin Silver (see end of release for\nURL of figures).  Both TUO and SVG began acquiring ground here by\nstaking beginning in the mid-1980s.  Last year, Goliath Resources\nstaked a large number of claims in the area after completing two\nsuccessful years of exploration at their promising Golddigger\nproperty.  Many of these newly staked Goliath claims adjoin\nproperties long held by Teuton and Silver Grail.\n \n \n \n \n Plans by Teuton and Silver Grail in 2023 call for\nprospecting and sampling, particularly in areas of glacial ablation\n(meltback of ice due to a prolonged warming trend) and along extensive\nportions not previously investigated.  Teuton’s Clone property,\nowned 75% by Teuton and 25% by Silver Grail Resources, features a set\nof shear zones from which high gold grades have been found on surface\nand by drilling after discovery in 1996.  A bulk sample from one\nlocation within this zone in 2011 returned 102 tons grading 4.0 ounces\ngold/ton.  About $7 million has been spent at the Clone property to\nda...