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ZitatAlles anzeigenTuesday February 22, 2011
Teuton Resources Corp. ("Teuton") ("TUO"-TSX-V) ("TFE"-Frankfurt) ("TEUTF"—OTC BB) is pleased to announce that it has received a drill permit for the High property, located in the Sulphurets region of northwestern British Columbia (see map). An aggressive program of regional sample collection, geological mapping and diamond drilling is scheduled for the 2011 field season.
The High property is located due south of Pretium Resources' Brucejack property and follows the projected trace of the Brucejack Fault which is spatially related to many of the Pretium deposits. Drilling by Pretium in 2009 and 2010 on the Galena Hill zone encountered many intercepts containing gold grades registering in the kilo/tonne range (greater than 1000 g/t or 29.17 oz/ton). Pretium plans a multi-million dollar program in 2011 to follow up on these very high-grade intersections. Further work is also planned for several deposits surrounding the Galena Hill zone, including bulk tonnage situations like the Bridge zone which returned a hole grading 589m (1,932 feet) of 0.99 g/t gold.
Prospecting by Teuton personnel in 2010 disclosed an extensive gossan located just south of the common border with Pretium's Brucejack property. After further sampling this gossan will be drilled within the field season.
The High property continues south for 7km and hosts numerous other gossanous areas which will also be sampled and possibly drilled.
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ZitatAlles anzeigenTuesday December 14, 2010
Teuton's Treaty Creek Property is 800 metres Northeast of Seabridge Gold's New Iron Cap Gold-Copper Deposit
Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ("TFE"-Frankfurt) is pleased to announce that its Treaty Creek property lies just 800m northeast and along trend of the new Iron Cap gold-copper deposit of Seabridge Gold, located in the Sulphurets region of northwestern British Columbia (see map). Significantly, this deposit remains open down-dip, to the southwest and to the northeast.
Prior to this year’s drilling of the Iron Cap zone, Seabridge Gold had defined estimated proven and probable reserves of 30.2 million ounces of gold (1.60 billion tonnes at 0.59 grams of gold per tonne) at its KSM (Kerr-Sulphurets-Mitchell) deposits. This is currently the largest gold reserve in Canada. The total is expected to increase considerably when results of the 46 holes drilled into Iron Cap are calculated as part of a NI-43-101 compliant resource estimate due for release in January of 2011. Seabridge reported that all 46 holes intersected ore grade mineralization over significant widths.