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Teuton Resources Corp.
Summary
| Project: | Del Norte | |
|---|---|---|
| Deposit: | Del Norte | |
| Location: | Canada | |
| Commodities: | Gold-Copper | |
| Date: | 1/24/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-1-2020: Teuton Resources Corp. announces an Exploration/Drilling Update report for its Del Norte deposit at the Del Norte project. Drilling results for four holes drilled in 2019 - no economic mineralization encountered. November 25 2019, Vancouver, BC | |
| Resources: | x | |
| CP/QP: | [Overall Report]: D Cremonese (Internal) | |
| ABSTRACT: | November 25 2019, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ("TFE"- Frankfurt) (“TEUTF”—OTCBB) drilled four holes into its 100% owned Del Norte property in 2019. The first two holes targeted a sharp EM anomaly identified by a 2005 airborne survey lying parallel to and just east of the LG vein. Interpretation of a 2018 ZTEM survey flown over the same area suggested a zone of alteration beginning about 200m below surface. The reason for the strong EM anomaly has not been determined by the holes. Teuton plans to carry out surface geophysical surveys in 2020 to see if it can vector towards the area where VMS-type mineralization is potentially most concentrated. Positive results from such work will lead to an expanded drill program. Dino Cremonese, P. Eng., President of Teuton Resources Corp., commented as follows: “Although we did not hit economic precious metal mineralization in either of the holes this year, we did underscore the hypothesis that the property has significant VMS (Volcanogenic Massive Sulfide) potential. Right after the Eskay Creek discovery in 1989, Del Norte was optioned to Goodgold Resources (Murray Pezim’s and Ned Goodman’s company) on the basis of geological similarities to the setting at Eskay. In 2005, the property was optioned to Sabina Silver who stated in an October 3, 2005 news release: ‘The geological environment of mineralization is broadly similar to that of the Eskay Creek Mine. At Eskay Creek, high-grade veins were the focus of exploration prior to the discovery in 1989 of rich deposits of stratiform, sedex gold-silver-base metal mineralization at or near a mudstone-volcanic contact. Sabina believes that the Del Norte Property demonstrates the potential to host similar bonanza silver and gold mineralization.’ The discovery in 2019 of anomalous zinc and silver in mudstones overlying dacite containing up to 30% anhydrite is an intriguing first step to confirming the VMS theory.” | |
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