(TheNewswire)
December 6 th , 2023 – TheNewswire - Vancouver, Canada – Teuton ResourcesCorp. (“Teuton” or “the Company”) ( TSXV: TUO) (Frankfurt: TFE ) is pleased to announce the results of reconnaissancegeochemical sampling conducted on its 100% owned Big Gold Property,part of the Company’s “Luxor Project" (Figure 1- http://teuton.com/LuxorProjectMap ).The Big Gold property is located in the heart ofBritish Columbia’s famed Golden Triangle, between the past producingGranduc mine 7 kilometres (“ km ”) to the south, and the recentlydiscovered copper-rich, massive sulfide “Copernicus” showing onGoldstorm Metal’s Orion property 5 km to the north. Highlights ofthe 2023 Big Gold exploration program include:
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Discovery of the Roman Zone massive sulfide occurrenceover a strike length of at least 25 metres ( ”). Ten surface grab samples* have results grading up to 57.1 grams per tonne(“g/t”) silver (“Ag”), 12.10% lead (“Pb”), 9.32% zinc(“Zn”) and 0.72% copper (“Cu”) (Tables1, 2, Figure 2)
Table 1 Summary of Results* from Roman Zone(n=10)
Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | |
Maximum | 57.1 | 0.72 | 12.10 | 9.32 |
Minimum | 3.3 | 0.02 | 0.02 | 0.38 |
Average | 23.8 | 0.17 | 4.24 | 3.73 |
Median | 17.6 | 0.13 | 3.91 | 3.23 |
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Discovery of the Zall massive sulfide occurrence 50 mto the NE of the Roman Zone with two grab samples* grading up to 4.2% Zn, 0.14% Cu and 13.2 g/tAg (Table 3).
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Discovery of an approximately 15-20 centimeter( cm ”)thick high-grade quartz-sulfide vein that was tested with a singlegrab sample* that graded 27.7g/t gold (“Au”), 6,240 g/t Ag, 1.5% Cu, 6.4% Pb and 3.1% Zn (Table 4)
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Identification of a unit of black mudstones with 1-5 cmthick stratiform pyrite layers over an approximately 320 x 150 m area defining a zone ofelevated Au, Ag, Zn, as well as epithermal tracer elements arsenic(“As”) and mercury (“Hg”) (averagevalues of 16 samples*: 0.1 g/t Au, 3.8 g/t Ag, 409 ppm Zn, 55 partsper million ( ppm ”) As and 2.8 ppm Hg; Table 5).
* Grab samples are selective in nature, thereforereported mineralization and assay results may not berepresentative.
Dino Cremonese, P. Eng., President ofTeuton commented: “We areencouraged by these early- exploration stage results from Teuton’sBig Gold Property. The identification of multiple zones of massivesulfide as well as a high-grade quartz-sulfide vein on thisunderexplored property demonstrates its promise. The style of thenewly discovered mineralization suggests avolcanogenic-massive-sulfide affinity making the property prospectivefor world class deposits like Eskay Creek, Granduc, and Anyox, whichare also located in British Columbia’s Golden Triangle.“
The Big Gold Property and LuxorProject
The Big Gold Property comprises six claims totalling2,835 hectares (“ ha ”) within a larger block of eightproperties (the “Luxor Project”) totalling 21,540 ha (Figure 1).All properties within the Luxor Project are 100%owned by Teuton. The 2023 exploration work program on Big Goldincluded geological mapping, collection of 59 grab samples* for assayand collection of 120 samples for hyperspectral analysis to aid withalteration mapping and exploration vectoring.
The property is underlain by alternating sequences ofblack mudstones and mafic volcanic flows and tuffs. BC governmentgeology maps show that it is underlain by Iskut River Formation riftrelated rocks that are prospective for volcanogenic-massive-sulfide(“ VMS ”) style mineralization, and which host the Eskay Creek andAnyox VMS deposits.
The Roman Zone Massive SulfideOccurrence
Discovered in a zone of glacial meltback (ablation)beside a retreating valley glacier (Figure 2 - http://teuton.com/RomanZone ) in thefinal days of the 2023 exploration campaign, the Roman Zone is exposedover approximately 25 m strike length and comprises massive andsemi-massive sulfide located in bedding parallel lenses andremobilized into cross-cutting quartz-veins and local shear zones.Sulfide lenses range in thickness between just a few centimetres and50 cm and are semi-continuous across the 25 m strike length. Themassive sulfide consists of fine-grained sphalerite, galena, pyriteand chalcopyrite (Figure 2), sometimes mixed with variable amounts ofquartz. The Roman Zone pinches out to the NE and abuts the lateraledge of a 500 m wide valley glacier to the SW, disappearing under theice (Figure 2). Although no massive sulfide was identified on theopposite side of the glacier, rocks collected along a parallel butoffset trend in that area are elevated in silver.
Table 2 Grab Sample* Results from the Roman Zone
Sample ID | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
H226747 | 16.2 | 0.05 | 3.50 | 2.69 |
H226748 | 46.8 | 0.72 | 6.55 | 5.76 |
H226749 | 10.5 | 0.12 | 1.94 | 1.71 |
H226851 | 57.1 | 0.17 | 12.10 | 9.32 |
H226750 | 19.0 | 0.24 | 4.32 | 3.77 |
H226853 | 12.3 | 0.13 | 2.29 | 2.02 |
H226854 | 43.3 | 0.04 | 5.39 | 0.59 |
H226855 | 3.3 | 0.02 | 0.25 | 0.38 |
H226852 | 23.0 | 0.06 | 6.04 | 5.15 |
H226751 | 6.7 | 0.15 | 0.02 | 5.94 |
Dino Cremonese, P. Eng., President ofTeuton commented further: “The Roman Zone was discovered in an area that until the summer of2023 was covered by glacial ice and the mineralization appears toextend further beneath the remaining ice. This is just one of manyexamples of how glacial and snowpack melting is rapidly changing thelandscape of exploration across the Luxor Project. We anticipate thatthere will be a broader area of exposure at the Roman Zone in 2024,which will aid in determining the most efficient way to test thisexcellent target with drilling. We also anticipitate a significant‘boots on the ground‘ style exploration campaign on the LuxorProject in 2024 focusing on areas of glacial abatement.“
Zall Massive SulfideOccurrence
The Zall massive sulfide occurrence is located 50 m NEof the Roman Zone. It comprises an approximately 1.5 – 2.0 m thickbed of silicified black mudstone with up to 50 cm thick domains of massive pyrite and sphalerite. Two grab samples*(Table 3) were collected from the Zall occurrence, one from themassive sulfide, which grades 4.2% Zn, 0.14% Cu and 13.2 g/t Ag and a secondfrom the strongly silicified mudstone surrounding the massive sulfide,with no visible sulfides, which graded 1.5% Zn, and 2.6 g/t Ag , (Table 3) indicating the presence of very fine-grainedsphalerite disseminated in the mudstone.
Table 3 Zall Occurrence Grab Samples*
Sample ID | Description | Ag (g/t) | Cu (ppm) | Zn (%) |
H226860 | Silicified Mudstone | 2.59 | 353 | 1.53 |
H226848 | Massive Sulfide | 13.15 | 1370 | 4.19 |
The “6 Kilo” VeinOccurrence
The “6 Kilo” vein, named after the vein’sapproximate silver value in kilograms/tonne (Table 4), comprises asingle quartz-sulfide vein containing coarse sphalerite, galena andchalcopyrite in quartz. The vein is part of a set of abundantconcordant to semi-concordant quartz veins observed across theproperty; it varies between 5 and 20 cm thickness; its lateral extentwas not mapped out during the 2023 program. The vein has high-gradeprecious and base metals (Table 4). The stratiform nature of theproperty-wide vein set is suggestive of a bedding-parallelreplacement, mineralization, and alteration system such as is commonlyobserved in VMS environments.
Table 4 “6 Kilo” Vein – Discovery Assay*
Sample ID | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
H226710 | 27.7 | 6,240 | 1.455 | 6.4 | 3.11 |
Big Gold North – EpithermalSignature
In the northern portion of the Big Gold property 16grab samples* of black mudstone with abundant pyrite rich beds up to 5cm thick were collected over an approximately 320 x 150 m area (Table 5). Most samples tested silicifieddomains or areas with significant quartz veining. Although pyritewas the only sulfide observed, assays* grade up to 0.23 g/t Au, 12.1g/t Ag and 0.43% Zn. Arsenic and mercury epithermal tracer elementsare also elevated in these rocks with concentrations up to 207 ppm Asand 14.3 ppm Hg (Table 5).
VMS Prospectivity Across the LuxorProject
Teuton’s 2023 exploration campaign also includedprospecting on the 4J’s Property, located approximately 3 km east ofthe Big Gold Property (Figure 1). The 4J’s Property is underlain bysedimentary and volcanic rocks like those on the Big Gold Property,and it is host to a similar style of VMS mineralization. Prospectingin 2023 focused along the lateral edge of a rapidly retreating glacierwhere up to 1 m thick domains of stratiform and cross-cuttingpyrite-rich massive sulfide were observed and sampled. Results fromthis sampling will be released once they are validated and interpretedby Teuton’s Qualified Person.
The Eskay Rift Property (Figure 1), which is situatedbetween and south of the Big Gold and 4J’s properties, comprises athick sequence of black mudstones intruded by mafic sills. The blackmudstones contain abundant pyrite laminations and beds that could beinterpreted to be part of a VMS system. The property is underlain by alarge (>1 km long) and intense (<100 ohm-m) resistivity anomalythat was detected as part of a ZTEM survey conducted in 2018.
Table 5 Full Table of Results from 2023 RockSampling* - Big Gold (NAD83 Zone 9)
Sample ID | Easting | Northing | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | As (ppm) | Hg (ppm) |
Roman Zone | |||||||||
H226747 | 421249 | 6239976 | 0.013 | 16.2 | 0.05 | 3.50 | 2.69 | 76.9 | 0.74 |
H226748 | 421252 | 6239977 | 0.051 | 46.8 | 0.72 | 6.55 | 5.76 | 1680 | 1.39 |
H226749 | 421256 | 6239976 | 0.035 | 10.45 | 0.12 | 1.94 | 1.71 | 141.5 | 0.33 |
H226851 | 421252 | 6239982 | 0.037 | 57.1 | 0.17 | 12.10 | 9.32 | 109 | 1.51 |
H226750 | 421251 | 6239981 | 0.009 | 18.95 | 0.24 | 4.32 | 3.77 | 39.7 | 0.57 |
H226853 | 421251 | 6239981 | 0.005 | 12.3 | 0.13 | 2.29 | 2.02 | 33.3 | 0.28 |
H226854 | 421251 | 6239988 | 0.018 | 43.3 | 0.04 | 5.39 | 0.59 | 46.5 | 0.83 |
H226855 | 421247 | 6239992 | 0.049 | 3.3 | 0.02 | 0.25 | 0.38 | 22.4 | 0.06 |
H226852 | 421250 | 6239980 | 0.026 | 23 | 0.06 | 6.04 | 5.15 | 130 | 0.83 |
H226751 | 421254 | 6240000 | 0.032 | 6.7 | 0.15 | 0.02 | 5.94 | 294 | 0.7 |
Zall Occurrence | |||||||||
H226860 | 421295 | 6240026 | 0.013 | 2.59 | 0.04 | 0.01 | 1.53 | 68.3 | 0.23 |
H226848 | 421291 | 6240032 | 0.072 | 13.15 | 0.14 | 0.02 | 4.19 | 387 | 0.85 |
"Six Kilo" Vein | |||||||||
H226710 | 421526 | 6240596 | 27.7 | 6240 | 1.46 | 6.40 | 3.11 | 1050 | 4.35 |
Big Gold Centre | |||||||||
H226743 | 421405 | 6240240 | 0 | 0.1 | 0.00 | 0.00 | 0.00 | 4.3 | 0 |
H226744 | 421333 | 6240026 | 0.015 | 1.41 | 0.03 | 0.01 | 0.29 | 18.6 | 0.65 |
H226745 | 421329 | 6239986 | 0.001 | 0.65 | 0.02 | 0.00 | 0.01 | 2.8 | 0.01 |
H226746 | 421241 | 6240021 | 0.004 | 5.66 | 0.03 | 0.07 | 0.24 | 10.6 | 0.04 |
H226847 | 421344 | 6240211 | 0.01 | 3.84 | 0.00 | 0.12 | 0.00 | 0.4 | 0.01 |
H226849 | 421223 | 6240023 | 0 | 0.12 | 0.01 | 0.00 | 0.01 | 12.1 | 0 |
H226850 | 421251 | 6240010 | 0.001 | 0.66 | 0.02 | 0.00 | 0.02 | 22.1 | 0 |
H226856 | 421269 | 6240025 | 0.014 | 3.33 | 0.11 | 0.02 | 0.20 | 186.5 | 0.02 |
H226857 | 421316 | 6239971 | 0.001 | 0.3 | 0.01 | 0.00 | 0.01 | 4 | 0 |
H226858 | 421256 | 6239947 | 0.001 | 0.1 | 0.00 | 0.00 | 0.00 | 0.2 | 0 |
H226859 | 421252 | 6239943 | 0.003 | 1.58 | 0.11 | 0.00 | 0.01 | 3.7 | 0 |
H226861 | 421258 | 6240022 | 0.018 | 5.56 | 0.18 | 0.08 | 0.08 | 81.4 | 0.01 |
H226863 | 421294 | 6240059 | 0.001 | 0.2 | 0.01 | 0.00 | 0.03 | 14.4 | 0.01 |
Big Gold North | |||||||||
H226704 | 421368 | 6240925 | 0.222 | 1.02 | 0.01 | 0.00 | 0.00 | 16.9 | 0.15 |
H226705 | 421372 | 6240967 | 0.18 | 3.22 | 0.02 | 0.04 | 0.07 | 71.5 | 0.04 |
H226706 | 421396 | 6240827 | 0.092 | 1.78 | 0.03 | 0.00 | 0.00 | 14 | 7 |
H226707 | 421401 | 6240825 | 0.248 | 7.72 | 0.01 | 0.00 | 0.00 | 58.6 | 14.3 |
H226708 | 421379 | 6240863 | 0.081 | 4.42 | 0.00 | 0.00 | 0.01 | 207 | 8.31 |
H226709 | 421441 | 6240771 | 0.103 | 2.72 | 0.00 | 0.00 | 0.00 | 58.6 | 11.4 |
H226711 | 421371 | 6240986 | 0.035 | 7.77 | 0.01 | 0.01 | 0.01 | 9.3 | 0.06 |
H226794 | 421375 | 6240890 | 0.067 | 6.99 | 0.01 | 0.00 | 0.43 | 75.4 | 2.07 |
H226797 | 421375 | 6240890 | 0.088 | 12.05 | 0.01 | 0.00 | 0.00 | 118.5 | 0.24 |
H226800 | 421375 | 6240890 | 0.046 | 7.5 | 0.01 | 0.00 | 0.03 | 90 | 0.34 |
H226806 | 421376 | 6240859 | 0.332 | 1.47 | 0.01 | 0.00 | 0.05 | 77.2 | 1.35 |
H226810 | 421328 | 6240840 | 0.047 | 1.2 | 0.10 | 0.00 | 0.01 | 12.8 | 0.01 |
H226811 | 421328 | 6240841 | 0.011 | 0.17 | 0.00 | 0.00 | 0.01 | 23.9 | 0.01 |
H226812 | 421523 | 6241070 | 0.002 | 1.19 | 0.01 | 0.00 | 0.01 | 8.3 | 0.01 |
H226814 | 421437 | 6240993 | 0.001 | 0.55 | 0.01 | 0.00 | 0.00 | 8.6 | 0.01 |
H226813 | 421433 | 6240536 | 0.001 | 0.97 | 0.01 | 0.00 | 0.01 | 29.8 | 0.01 |
Big Gold South | |||||||||
H226733 | 420919 | 6239424 | 0 | 0.29 | 0.02 | 0.00 | 0.01 | 7 | 0 |
H226734 | 420827 | 6239360 | 0.005 | 0.28 | 0.00 | 0.00 | 0.00 | 92.8 | 0.52 |
H226735 | 420761 | 6239375 | 0.006 | 0.48 | 0.00 | 0.00 | 0.01 | 63.9 | 0.3 |
H226736 | 420716 | 6239378 | 0.007 | 2.12 | 0.06 | 0.01 | 0.01 | 76.2 | 0 |
H226737 | 420713 | 6239464 | 0.002 | 2.33 | 0.01 | 0.00 | 0.02 | 12.2 | 0.01 |
H226738 | 420773 | 6239472 | 0.002 | 0.67 | 0.01 | 0.00 | 0.00 | 9.8 | 0.01 |
H226739 | 420796 | 6239580 | 0.105 | 9.42 | 0.05 | 0.02 | 0.01 | 658 | 0.01 |
H226740 | 420812 | 6239641 | 0 | 0.63 | 0.04 | 0.00 | 0.00 | 6.4 | 0 |
H226741 | 420854 | 6239589 | 0.029 | 3.52 | 0.02 | 0.00 | 0.01 | 73.1 | 0.02 |
H226742 | 420548 | 6239700 | 0.001 | 0.5 | 0.05 | 0.06 | 0.16 | 6.4 | 0.04 |
H226830 | 420809 | 6239540 | 0.01 | 2.21 | 0.02 | 0.00 | 0.01 | 71.7 | 0 |
H226831 | 420598 | 6239625 | 0 | 0.09 | 0.00 | 0.00 | 0.01 | 2.2 | 0.01 |
H226832 | 420819 | 6239636 | 0.012 | 2.1 | 0.01 | 0.00 | 0.00 | 64.3 | 0.03 |
H226833 | 420654 | 6239620 | 0.001 | 0.14 | 0.00 | 0.00 | 0.00 | 10.2 | 0 |
H226834 | 420860 | 6239499 | 0 | 0.14 | 0.01 | 0.00 | 0.01 | 5.3 | 0.01 |
H226842 | 420943 | 6239431 | 0.001 | 0.46 | 0.01 | 0.09 | 0.03 | 10.4 | 0.04 |
H226843 | 422229 | 6238908 | 0.001 | 0.1 | 0.00 | 0.00 | 0.01 | 1.9 | 0 |
* Grab samples are selective in nature, thereforereported mineralization and assay results may not berepresentative.
Qualified Person
The Qualified Person for this news release for thepurposes of National Instrument 43-101 is Tony Barresi, Ph.D., P.Geo.,a consultant for Teuton Resources, and principal of BarresiGeoscience. He has read and approved the scientific and technicalinformation that forms the basis for the disclosure contained in thisnews release.
QA/QC
All samples were crushed and pulverized at the ALSpreparation laboratory in Terrace, BC using ALS technique PREP31. Thepulps were shipped by ALS to their geochemical laboratory in NorthVancouver where Au was tested on 30 g nominal samples by fire assaywith an AES finish (ALS method Au-ICP21). An additional 52 elementswere tested on 0.5 g splits using 3:1 Aqua Regia digestion and tracelevel ICP-AES analysis (ALS method ME-MS41). Samples with overlimitAg, Cu, Zn or Pb were reanalysed using ore-grade Aqua Regia digestionand ICP-ES analysis (ALS method OG46). In samples where Ag was>1,500 g/t, a further overlimit test was preformed using agravimetric finish (ALS method Ag-GRA-21). Quality control proceduresat the lab consisted of testing certified reference material (CRMs),blank material and duplicates with each batch (at least 1:20). Areview of results from the laboratory-run quality control programindicate that the quality of the data produced was within thelaboratory specifications and of sufficient quality to be reliable anduseful for the current study. ALS Labs is anISO9001 accredited analytical laboratory and isindependent of the Company.
About Teuton
Teuton owns interests in more than thirty properties inthe prolific “Golden Triangle” area of northwest British Columbiaand was one of the first companies to adopt what has since becomeknown as the “prospect generator” model. This model minimizesshare equity dilution while at the same time maximizing opportunity. Earnings provided from option payments received, both in cash and inshares of the optionee companies over the past 6 years, has providedTeuton with substantial income.
Figures :
Fig. 1 - Luxor Project Location Map http://teuton.com/LuxorProjectMap
Fig. 2 - Roman Zone Massive Sulfide Occurrence http://teuton.com/RomanZone
On Behalf of the Board of Directorsof Teuton Resources:
"Dino Cremonese, P.Eng."
Dino Cremonese, P. Eng.,
President and Chief ExecutiveOfficer
For further information, please visit the Company'swebsite at www.teuton.com or contact:
Barry Holmes
Director Corporate Development andCommunications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Cautionary Statements regardingForward-Looking information
Certain statements contained in this press releaseconstitute forward-looking information. These statements relate tofuture events or future performance. The use of any of the words"could", "intend", "expect","believe", "will", "projected","estimated" and similar expressions and statements relatingto matters that are not historical facts are intended to identifyforward-looking information and are based on the Company's currentbelief or assumptions as to the outcome and timing of such futureevents. Actual future results may differ materially.
All statements relating to future plans, objectives orexpectations of the Company are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurate and actual results andfuture events could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company's plans or expectations includerisks relating to the actual results of current explorationactivities, fluctuating gold prices, possibility of equipmentbreakdowns and delays, exploration cost overruns, availability ofcapital and financing, general economic, market or businessconditions, regulatory changes, timeliness of government or regulatoryapprovals and other risks detailed herein and from time to time in thefilings made by the Company with securities regulators. The Companyexpressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information,future events or otherwise except as otherwise required by applicablesecurities legislation.
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