Teuton Resources begins drilling preparations at High
2012-08-13 08:35 ET – News Release
Mr. Dino Cremonese reports
Preparations are under way to begin drilling on Teuton Resources Corp.’s High property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the Golden Triangle). The High property adjoins due south of Pretium Resources’ Brucejack property.
A drill site has been located on a rock island which has newly appeared from under the snow and ice. It is situated 150 metres south of the boundary line between Teuton’s claims and Pretium Resources’ Brucejack property, and lies west of the southward projection of the Brucejack fault. The newly exposed rock is bisected by a contact between intensely quartz-sericite-pyrite altered coarse fragmental volcanics and highly sheared clastic sediments. Strong fracture coating with moderate pyrite occurs locally. In the southeast corner of the island pervasive malachite (copper oxide) stain was noted. The first drill hole will be directed southeastward to test the extent of this copper-bearing mineralization.
The immediate region is a beehive of exploration activity. About three kilometres to the north on the Pretium property, nine drills are currently exploring the high-grade Valley of the Kings zone and satellite deposits. Pretium recently announced (July 31, 2012, news release) a 35.1-foot interval grading 70.3 ounces gold and 46.8 ounces silver per ton at a depth of 652 feet. This is the highest of several multiounce gold intervals reported by Pretium in 2011 and 2012. To the northwest of Teuton’s drill site lies the KSM (Kerr-Sulphurets-Mitchell) property of Seabridge Gold wherein Seabridge is advancing major copper-gold bulk tonnage prospects to the feasibility stage. To the south-southwest, a Hunter Dickinson company is exploring Teuton’s Tennyson copper-gold property and to the south, Rotation Minerals is exploring Teuton’s Four J’s property.
The qualified person for the purposes of this news release is Dino Cremonese, PEng. Mr. Cremonese has not independently verified the data reported by Pretium Resources.