Right next door to Seabridge Gold's KSM Project
Teuton's High and Treaty Creek properties are situated right next to world class KSM and Snowfield-Brucejack deposits
Teuton to Focus on Search for Porphyry Copper-Gold Deposits on High Property
All five of the deposits on Seabridge Gold’s KSM property—the Iron Cap, Mitchell, Sulphurets, Kerr and Deep Kerr—are thought to be related to the Sulphurets thrust fault, a major structural feature traversing the KSM property. Notably, the BC Geological Survey has now extended this fault southward about 8 km into Teuton ground (see map above). This highly prospective feature will be one of the principal focuses of the 2014 reconnaissance work.
Teuton’s King Tut Zone
Teuton has done minimal work to date on its very extensive High property, bordering to the immediate south of Pretium’s Brucejack and Seabridge Gold’s KSM properties. A one-hole drilling program undertaken in 2012 on the newly discovered King Tut zone located just south of the Pretium-Teuton border resulted in an intersection running 222m of 0.88 g/t gold. This intersection compares well with the average intersections obtained in the first ten holes drilled by Pretium into their Bridge deposit, located less than 2km to the north. Numerous gossanous zones lying just to the southwest of the King Tut (on Teuton ground) remain to be fully investigated.
“With this first hole into the northern High claims gossans, we were fortunate enough to hit extensive gold mineralization, proving that the prolific system of gold-bearing deposits evident in the properties of Pretium Resources and Seabridge Gold extends southward into our ground. The nearest zone to the north is Pretium’s Bridge deposit from which 21 holes drilled in 2010 averaged 237m of 0.87 g/t gold, the same grade and almost same length as our hole. Surface sampling of the King Tut suggests that we may encounter higher grade sections when we return to drill the untested upper region of this zone. As well as the King Tut, there are at least six other targets in the vicinity.”
– D. Cremonese, P.Eng, J.D
President, Teuton Resources Corp.
Teuton Resources Corp. is currently raising funds by way of a private placement consisting of 9,000,000 units at $0.05 unit, with each unit consisting of a common share and a warrant exercisable to purchase an additional common share at $0.07 for the first year and at $0.10 until the end of the second year.
