New Zone at Harry Property Averages 2.0m of 7.86 Ounces/Ton Gold (269.5 G/T)
December 9, 2020 – Vancouver, Canada –– Teuton Resources Corp. (“Teuton” or “the Company”) (“TUO”-TSX-V) (“TFE”- Frankfurt) (“TEUTF” – OTCBB) is pleased to announce that a new zone of mineralization has been discovered on its Harry property averaging 7.86 oz/ton gold (269.5 g/t) across a 2 metre width. The full width of the zone has not been defined due to overburden cover. The new showing, called the “Milestone”, was found during prospecting by geologist Jeff Auston, a long-time associate of Teuton director Ken Konkin. Auston and Konkin previously worked together on the development of Pretium’s Valley of the Kings gold mine, which is located about 32km north of the Harry property in BC’s Golden Triangle. The Milestone occurs in virgin ground exposed in recent years by retreating ice. Locally, a 300m wide zone with gossanous outcrops interspersed with glacial till features intense quartz-sericite-pyrite alteration. The main showing contains coarse dendrites of visible gold within a milky quartz vein breccia. Many of the surrounding outcrops have small veins carrying pyrite and galena (lead sulfide). During the 2020 assessment program carried out by Teuton, a number of grab and chip samples were taken during prospecting traverses of the northern portion of the Harry property. A grab sample from the Milestone showing ran 45.3 ounces/ton gold (1,553 g/t). The showing consists of a quartz vein breccia trending 310 degrees. The second of two, 1m sub-samples taken across the zone (050 degrees) was the richest: it ran 15.7 ounces/ton gold (538 g/t). Other samples … Continue reading New Zone at Harry Property Averages 2.0m of 7.86 Ounces/Ton Gold (269.5 G/T)
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