Teuton’s Banzai to Recieve 1 Million Dollar Exploration Program
Copper Creek has raised over $1,000,000 in the last week or so and has ear marked the majority of that money for exploring the Banzai claims.
Under the terms of the letter of agreement, Copper Creek can earn a 60% interest in Banzai over five years by spending a total of $3 million on the property, paying a total of $125,000 and issuing 500,000 shares to Teuton. Upon signing Teuton will receive $25,000 and an additional 100,000 shares after regulatory approval. Copper Creek may earn an additional 10% interest in the property by spending another $2 million.
In 1989, Murray Pezim’s Calpine Resources Ltd. drilled the now famous “Hole 109” at Eskay Creek in Northern British Columbia. It returned a 682 ft. interval grading .87 ounces per ton of Gold and .97 ounces per ton of Silver. It began one of the greatest staking rushes in Canadian exploration history. Over its 14 year mine life, the Eskay Creek Mine produced 100 tonnes of gold, and 5000 tons of silver.
At the Bonsai Property, located adjacent to the Eskay Creek Mine claims of Barrick Gold Corp., Copper Creek Ventures feels it has an excellent chance of discovering Eskay Creek # 2!
The focus of the program will be a geophysical target acquired from airborne data from 2004. Of interest is the Eskay Creek Mine signature at the north end of the data, and the strong, unexplained anomaly in the very north-west of the property . This is the anomaly on our Bonsai claims.
The anomaly is interpreted to be 600m long, 50m wide, and at least 100m in depth. The anomaly lies due west of Harry Mel Creek. Just east of the creek lies a gossanous zone where previous drilling encountered an intersection of 64m of brecciated rhyolite containing 0.38 g/t Au, and 27.0 g/t Ag.
It could be that previous drilling had just missed the motherlode by a matter of meters, just across the creek. After all the Eskay Mine took nearly 70 years to discover.
We all know the best place to look for a goldmine is next to an existing mine. Well you dont get any better than the Banzai claims, they are next door and have an exact match on the airborne.
Bring on the drill, lets find eskay #2!
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