Business
Teuton Announces New Best Intercept for Treaty Creek Property Averaging 0.845 gpt AuEq Over 973 Meters from Hole GS-20-57, Including 1.40 gpt AuEq Over 217.5 Meters
(via TheNewswire) July 9, 2020 - TheNewswire - Vancouver, Canada -- Teuton Resources C...
About this update from Teuton Resources Corp.
[{"type":"text","content":"Teuton Announces New Best Intercept for Treaty Creek Property Averaging 0.845 gpt AuEq Over 973 Meters from Hole GS-20-57, Including 1.40 gpt AuEq Over 217.5 Meters(via TheNewswire)\n \n \nJuly 9, 2020 - TheNewswire - Vancouver, Canada -- Teuton Resources Corp. (\"Teuton\" or \"the Company\") (TSXV:TUO) (OTC:TEUTF) (\"TFE\"-Frankfurt) has received a report from its joint venture partner Tudor Gold containing results from the first holes drilled in 2020 at the Treaty Creek property, located in the Golden Triangle of northwest British Columbia. Tudor Gold says that diamond drilling is progressing very well on the Goldstorm Zone which is on-trend from Seabridge Gold's KSM Project located five kilometers southwest of the Goldstorm system. Two additional drills have been mobilized to the project to bring the total to four diamond drill rigs. Tudor Gold intends to extend the diamond drill hole program up to possibly 35,000 meters from the original plan of 20,000 meters and is fully funded to do so. The initial drilling this season has yet to delineate the limits of the Goldstorm system as it remains open in all directions and to depth. \n\n\n \nTudor Gold's Vice President of Project Development, Ken Konkin, P.Geo., states: \"The priority was to expand the Goldstorm System to the southeast and to the northeast, however drilling began in the central and southwest areas where grades were weaker within the overall system. The objective was to either expand the known area of mineralization or to define its limits. We were pleasantly surprised to see the strength of mineralization encountered in drill hole GS-20-57 which has an enriched interval that averages 1.40 gpt AuEq over 217.5 meters (544.5 to 762.0 meters). The entire intercept has a composite average of 0.845 gpt AuEq over 973.05m (34.50 to 1077.55 meters). We were confident that we could surpass our former best intercept of GS-19-47 with 0.697 gpt AuEq over 1081.5 meters, but we never thought we'd find such a wide extent of mineralization in the central-southwest portion of the system. As well, we attempted to expand the limits in the southeast part of the system where we had some elevated spikes in gold grades from our 2019 drilling. Two of our first five drill holes cut Visible Gold in holes GS-20-55 and GS-20-58 on Section 110+00 NE. The highest gold value was from GS-20-55 wit...