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IRW-Press: Teuton Resources Corp.: New Gold Discovery-Tuck Zone-4km South Of Pretium's Brucejack Property



Published on 19 August 2014



by Press Office

(IRW-PRESS and WireNews)

Vienna, Austria


Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ('TFE'-Frankfurt) (“TEUTF”-OTCBB) announces that 2014 prospecting has led to the discovery of an extensive zone of alteration and mineralization located 4km south of Pretium Resource’s Brucejack property and on strike with the Valley of the Kings and Bridge gold deposits, the former now the largest undeveloped high-grade gold deposit in the world. This new gold bearing area, called the “Tuck zone”, has just been recently exposed by ablation of an icefield that had previously obscured the mineralization (see Figure 1). The zone is now exposed over a minimum 200m width and for 300m along strike before disappearing under snow and ice.

Gold and anomalous arsenic values are associated with intensely sericite altered volcanic rock. The altered rocks are jarosite stained with a strong quartz stockwork that locally forms up to 50% of the rock. Pyrite as coarse grains and as fine grained veinlets up to 1cm wide form up to 10% of the zone overall. A fine black unidentified sulphide occurs in some of the rocks sampled.

Ed Kruchkowski, P. Geo., director of Teuton and longtime Stewart area geologist (who staked the original area of Pretium’s Valley of the King showings and discovered several of the numerous gold zones on that property) said: “The Tuck zone bears a striking resemblance to the gold bearing zones at Brucejack Lake, namely: strong sericite alteration, strong quartz stockwork, strong jarosite staining, anomalous arsenic with gold values, and abundant pyrite associated with the gold values, all located within close proximity to the Brucejack Fault.”

Further sampling is ongoing and drilling is anticipated this season after definition of targets.

D. Cremonese, P.Eng., president of Teuton, commented: “In the 30 years that Teuton has been exploring the Golden Triangle, meltback of icefields has been a very important source of new discoveries. Every so many years we discover a new occurrence, but this one could be the best yet. Because the new Tuck zone is located at much lower altitude than the King Tut showing and in much less rugged terrain, work should be able to progress further into the field season. Dimensions of the zone are impressive as well as the degree of alteration. We very much look forward to putting a drill on the property.”

The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as president, is not independent of the Company.

Respectfully:

“Dino Cremonese, P.Eng.”

President, Teuton Resources Corp.

If you would like to be added to Teuton’s news distribution list, please send your email address to gary.teuton@shawlink.ca.

TEUTON RESOURCES CORP.

202-2187 Oak Bay Avenue

Victoria, BC V8R 1G1

Phone: (604) 682-3680 Fax: 682-3992

Toll Free: 1-800-879-2333

Website: http://www.teuton.com

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp. does have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.


Contacts

  •  
  • Joachim Brunner
  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
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Posted 2014-08-19 15:33:00