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TEUTON'S BAY SILVER PROPERTY FARMED OUT TO DECADE
Mar. 31, 2011 (TheNewswire.ca) -- March 31, 2011, Vancouver, BC: Teuton Resources Corp. (TSX...
About this update from Teuton Resources Corp.
[{"type":"text","content":"\nTEUTON'S BAY SILVER PROPERTY FARMED OUT TO DECADE\n\n Mar. 31, 2011 (TheNewswire.ca) -- March 31, 2011, Vancouver, BC: Teuton Resources Corp. (TSXV:TUO) (\"Teuton\")(\"TUO\"-TSX-V)(\"TFE\"-Frankfurt) is pleased to announce that its Bay Silver property, situated 5km north of Stewart, BC and jointly owned with Silver Grail Resources Ltd. (TSXV:SVG) (OOTC:SVGAF) , has been farmed out to Decade Resources Ltd. (TSXV:DEC) (OOTC:DECXF) The Bay Silver property controls the old United Empire mine from which limited production of high-grade silver was seen in the 1920's. Ore from the mine was shipped to the valley floor below by way of a tramline, portions of which still remain on the property.The property contains numerous silver-rich showings some of them developed by hundreds of feet of tunnels. In 1983 and 1984, high-grade ore was trenched from silver-lead-zinc veins, first explored in 1919. The No. 4 zone consists of a 1.2-metre-wide vein which strikes northeast and dips 20 degrees southeast. The vein contains 0.6 metres of massive galena, sphalerite and tetrahedrite in the hangingwall and 0.6 metres of quartz with disseminated sulphides in the footwall.In previous assessment reports, a 0.61-metre chip sample across the vein assayed two grams per tonne gold, 8679.7 grams per tonne silver, 20.3 per cent lead and 20.2 per cent zinc. The No. 3 zone is reported as being located about 100 metres south of the No. 4 zone. This shear zone contains long lenses of quartz mineralized with pyrite, pyrrhotite, galena and sphalerite. These lenses are up to 1.8 metres wide associated with a stockwork of sulphide stringers and are hosted in schist which has a strike of 150 degrees.The lower showings, 300 metres east of the No. 4 zone, consist of two quartz-sulphide veins. The southernmost vein lies along the contact between a large granodiorite dike on the east and hornfelsed argillite to the west. The vein contains lenses of pyrrhotite, sphalerite, galena and tetrahedrite in a gangue of quartz. In a previous assessment report a 0.91-metre chip sample across the vein assayed 42.30 grams per tonne gold and 1,273 grams per tonne silver. A second vein 120 metres to the north assayed 15.96 grams per tonne gold and 2,268 grams per tonne silver over a narrow width.Under the terms of the agreement, Decade can earn a 100% interest in the claims by paying ...