The Tuck property was sold to Pretium Resources in 2015. Teuton retains a 2% NSR with no buyback. It is located to the south of the King Tut property, along the same southerly trend of Jurassic age rocks that host the various gold deposits of Pretium’s Brucejack-Snowfield property.
Prospecting carried out in 2014 led to the discovery of an extensive zone of alteration and mineralization which had just been recently exposed by ablation (meltback) of an icefield. The zone is now exposed for 300m along strike before disappearing under snow and ice.
Gold and anomalous arsenic values are associated with intensely sericite altered volcanic rock. The altered rocks are jarosite stained with a strong quartz stockwork that locally forms up to 50% of the rock. Pyrite as coarse grains and as fine grained veinlets up to 1cm wide form up to 10% of the zone overall. A fine black unidentified sulphide occurs in some of the rocks sampled.
In 2014, several prospecting traverses were run over the alteration zone. One of these traverses had five grab samples ranging from 1.6 to 171 g/t silver and from 0.84 to 5.48 g/t gold, averaging 37.34 g/t silver and 2.28 g/t gold. Sixteen, mostly shallow holes were drilled into the southern portion of the alteration zone. Results ranged from 14.8m grading 0.27 g/t gold and 9.96 g/t silver to 8.50m grading 1.28 g/t gold and 16.0 g/t silver. Highest sub-interval occurred close to the bottom of Hole T14-04 which ran 0.7m of 4.83 g/t gold and 28.0 g/t silver.
Photographs of some of the drill core can be seen here.