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Teuton Resources Corp.
Summary
| Project: | Clone | |
|---|---|---|
| Deposit: | Clone | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/19/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-12-2016: Teuton Resources Corp. announces an Exploration/Drilling Update report for its Clone deposit at the Clone project. JV - drilling results incl. 6.43m @ 17.83g/t Au from 46.33m. December 19, 2016, Vancouver, BC: Teuton Resources Corp. (“Teuton”) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | December 19, 2016, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTCBB) is pleased to report that the first hole of the 2016 diamond drilling program at the Clone Gold property intersected 6.43 metres grading 17.83 g/t gold from 46.33 to 52.76 metres. The Clone gold property is located 20 km southeast of Stewart in the Golden Triangle region of northwestern British Columbia. Hole CL-16-01 was designed to test the depth potential of a trench excavated in 1995 which returned a grade of 11.65 g/t gold and 0.18% cobalt across 9.0 metres. It was inclined at an angle of 55 degrees and ended at 111.9 metres. Cobalt assays are pending. Two lesser intersections were also reported in the hole: the first ran 3.07 g/t gold over 3.05 metres from 34.14 to 37.19 metres; the second ran 1.11 g/t gold over 33.6 metres from 78.3 to 111.9 metres (ending in mineralization). At present there is not enough information to calculate true widths of any of the intersections reported in the hole. Gold-cobalt results from a further six holes are awaited. The last five holes of the program were spotted at the southeastern end of the bulk sampling area from which several multi-ounce gold shipments have been taken. | |
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