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Teuton Resource Corp.: Airborne Geophysical Survey Planned over Pearson-Mach-Big Gold-Eskay Rift-Powder Properties
VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Teuton Resources Corp. (“Teuton” or “the Company”) (TSX-V:TUO) (Frankfurt:TUC) is pleased to repo
About this update from Teuton Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Teuton Resources Corp. (“Teuton” or “the Company”) (TSX-V:TUO) (Frankfurt:TUC) is pleased to report that it intends to carry out a ZTEM airborne survey over its Pearson-Mach-Big Gold-Eskay Rift-Powder properties. The Pearson and surrounding properties lie about 20km to the south-southwest of Seabridge Gold’s prolific KSM property, home to the world’s largest reserves of copper and gold. The former Granduc copper mine, British Columbia’s 2nd largest Besshi deposit after Windy Craggy, is situated 3km to the southwest. Garibaldi Resources’ E&L nickel prospect, subject of intense exploration interest in 2017, lies 38km to the northwest along the path of the South Unuk/Harrymel Fault (which coincides with Kyba’s “Red Line”). Both Garibaldi’s E&L property and Teuton’s Pearson property lie within gravity highs (see figure entitled Gravity Anomaly Map—URL at end of release). Teuton presently owns a 100% interest in the Pearson and adjoining properties. Geophysical Anomaly In early 2013 the previous owner of the Pearson property (Castle Resources) had an independent consulting company (Caracle Creek International Consulting) model and interpret a series of EM anomalies on the Pearson property as defined by an earlier VTEM airborne survey. The resulting work identified a major, 2+km long EM target. The target was scheduled for drilling by Castle in 2013 but due to unknown circumstances this was not done. In 2015, 100% ownership of the Pearson property reverted to Teuton. [Readers are cautioned that Teuton’s Qualified Person, D. Cremonese, P.Eng., has not independently verified either the collection of the geophysical data or the modelling/interpretation of it. However, he has no reason to believe that it is not reliable. As President of Teuton Resources, Mr. Cremonese is not independent of the Company.] New Area of Green/Blue Copper Stain Prospecting carried out in 2017 to the north of the Pearson property on the Mach 3 claim resulted in the discovery of a kilometer long zone carrying numerous instances of green-blue, malachite and azurite stain. Local veins and breccia occurrences have carried gold values running from trace to 68.7 g/t gold. Pervasive pyrite mineralization along w...