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Discovery of the
Roman Zone massive sulfide occurrence over a strike length of at least 25 metres (”). Ten surface grab samples* have results grading up to57.1 grams per tonne (“g/t”) silver (“Ag”), 12.10% lead (“Pb”), 9.32% zinc (“Zn”) and 0.72% copper (“Cu”)(Tables 1, 2, Figure 2)
Table1 Summary of Results* from
Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | |
Maximum | 57.1 | 0.72 | 12.10 | 9.32 |
Minimum | 3.3 | 0.02 | 0.02 | 0.38 |
Average | 23.8 | 0.17 | 4.24 | 3.73 |
Median | 17.6 | 0.13 | 3.91 | 3.23 |
Discovery of the
Zall massive sulfide occurrence 50 m to the NE of theRoman Zone with two grab samples* grading up to4.2% Zn, 0.14% Cu and 13.2 g/t Ag(Table 3).Discovery of an approximately 15-20 centimeter (cm”) thick high-grade quartz-sulfide vein that was tested with a single grab sample* that graded27.7 g/t gold (“Au”), 6,240 g/t Ag, 1.5% Cu, 6.4% Pb and 3.1% Zn(Table 4)
Identification of a unit of black mudstones with 1-5 cm thick stratiform pyrite layers over an approximately320 x 150 m area defining a zone of elevated Au, Ag, Zn, as well as epithermal tracer elements arsenic (“As”) and mercury (“Hg”)(average values of 16 samples*: 0.1 g/t Au, 3.8 g/t Ag, 409 ppm Zn, 55 parts per million (ppm”) As and 2.8 ppm Hg; Table 5).
* Grab samples are selective in nature, therefore reported mineralization and assay results may not be representative.
The Big Gold Property comprises six claims totalling 2,835 hectares (“ha”) within a larger block of eight properties (the “Luxor Project”) totalling 21,540 ha (Figure 1). All properties within the LuxorProject are 100% owned by Teuton. The 2023 exploration work program on Big Gold included geological mapping, collection of 59 grab samples* for assay and collection of 120 samples for hyperspectral analysis to aid with alteration mapping and exploration vectoring.
The property is underlain by alternating sequences of black mudstones and mafic volcanic flows and tuffs. BC government geology maps show that it is underlain by Iskut River Formation rift related rocks that are prospective for volcanogenic-massive-sulfide (“VMS”) style mineralization, and which host the
The Roman Zone Massive Sulfide Occurrence
Discovered in a zone of glacial meltback (ablation) beside a retreating valley glacier (Figure 2 -http://teuton.com/RomanZone) in the final days of the 2023 exploration campaign, the
Table2 Grab Sample* Results from the
Sample ID | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
H226747 | 16.2 | 0.05 | 3.50 | 2.69 |
H226748 | 46.8 | 0.72 | 6.55 | 5.76 |
H226749 | 10.5 | 0.12 | 1.94 | 1.71 |
H226851 | 57.1 | 0.17 | 12.10 | 9.32 |
H226750 | 19.0 | 0.24 | 4.32 | 3.77 |
H226853 | 12.3 | 0.13 | 2.29 | 2.02 |
H226854 | 43.3 | 0.04 | 5.39 | 0.59 |
H226855 | 3.3 | 0.02 | 0.25 | 0.38 |
H226852 | 23.0 | 0.06 | 6.04 | 5.15 |
H226751 | 6.7 | 0.15 | 0.02 | 5.94 |
Zall Massive Sulfide Occurrence
The
Table3 Zall Occurrence Grab Samples*
Sample ID | Description | Ag (g/t) | Cu (ppm) | Zn (%) |
H226860 | Silicified Mudstone | 2.59 | 353 | 1.53 |
H226848 | Massive Sulfide | 13.15 | 1370 | 4.19 |
The “6 Kilo” Vein Occurrence
The “6 Kilo” vein, named after the vein’s approximate silver value in kilograms/tonne (Table 4), comprises a single quartz-sulfide vein containing coarse sphalerite, galena and chalcopyrite in quartz. The vein is part of a set of abundant concordant to semi-concordant quartz veins observed across the property; it varies between 5 and 20 cm thickness; its lateral extent was not mapped out during the 2023 program. The vein has high-grade precious and base metals (Table 4). The stratiform nature of the property-wide vein set is suggestive of a bedding-parallel replacement, mineralization, and alteration system such as is commonly observed in VMS environments.
Table4 “6 Kilo” Vein – Discovery Assay*
Sample ID | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) |
H226710 | 27.7 | 6,240 | 1.455 | 6.4 | 3.11 |
Big Gold North – Epithermal Signature
In the northern portion of the Big Gold property 16 grab samples* of black mudstone with abundant pyrite rich beds up to 5 cm thick were collected over an approximately320 x 150 m area (Table 5). Most samples tested silicified domains or areas with significant quartz veining. Although pyrite was the only sulfide observed, assays* grade up to 0.23 g/t Au, 12.1 g/t Ag and 0.43% Zn. Arsenic and mercury epithermal tracer elements are also elevated in these rocks with concentrations up to 207 ppm As and 14.3 ppm Hg (Table 5).
VMS Prospectivity Across the
Teuton’s 2023 exploration campaign also included prospecting on the 4J’s Property, located approximately 3 km east of the Big Gold Property (Figure 1). The 4J’s Property is underlain by sedimentary and volcanic rocks like those on the Big Gold Property, and it is host to a similar style of VMS mineralization. Prospecting in 2023 focused along the lateral edge of a rapidly retreating glacier where up to 1 m thick domains of stratiform and cross-cutting pyrite-rich massive sulfide were observed and sampled. Results from this sampling will be released once they are validated and interpreted by Teuton’s Qualified Person.
The Eskay Rift Property (Figure 1), which is situated between and south of the Big Gold and 4J’s properties, comprises a thick sequence of black mudstones intruded by mafic sills. The black mudstones contain abundant pyrite laminations and beds that could be interpreted to be part of a VMS system. The property is underlain by a large (>1 km long) and intense (<100 ohm-m) resistivity anomaly that was detected as part of a ZTEM survey conducted in 2018.
Table5 Full Table of Results from 2023 Rock Sampling* - Big Gold (NAD83 Zone 9)
Sample ID | Easting | Northing | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | As (ppm) | Hg (ppm) |
H226747 | 421249 | 6239976 | 0.013 | 16.2 | 0.05 | 3.50 | 2.69 | 76.9 | 0.74 |
H226748 | 421252 | 6239977 | 0.051 | 46.8 | 0.72 | 6.55 | 5.76 | 1680 | 1.39 |
H226749 | 421256 | 6239976 | 0.035 | 10.45 | 0.12 | 1.94 | 1.71 | 141.5 | 0.33 |
H226851 | 421252 | 6239982 | 0.037 | 57.1 | 0.17 | 12.10 | 9.32 | 109 | 1.51 |
H226750 | 421251 | 6239981 | 0.009 | 18.95 | 0.24 | 4.32 | 3.77 | 39.7 | 0.57 |
H226853 | 421251 | 6239981 | 0.005 | 12.3 | 0.13 | 2.29 | 2.02 | 33.3 | 0.28 |
H226854 | 421251 | 6239988 | 0.018 | 43.3 | 0.04 | 5.39 | 0.59 | 46.5 | 0.83 |
H226855 | 421247 | 6239992 | 0.049 | 3.3 | 0.02 | 0.25 | 0.38 | 22.4 | 0.06 |
H226852 | 421250 | 6239980 | 0.026 | 23 | 0.06 | 6.04 | 5.15 | 130 | 0.83 |
H226751 | 421254 | 6240000 | 0.032 | 6.7 | 0.15 | 0.02 | 5.94 | 294 | 0.7 |
Zall Occurrence | |||||||||
H226860 | 421295 | 6240026 | 0.013 | 2.59 | 0.04 | 0.01 | 1.53 | 68.3 | 0.23 |
H226848 | 421291 | 6240032 | 0.072 | 13.15 | 0.14 | 0.02 | 4.19 | 387 | 0.85 |
"Six Kilo" Vein | |||||||||
H226710 | 421526 | 6240596 | 27.7 | 6240 | 1.46 | 6.40 | 3.11 | 1050 | 4.35 |
Big | |||||||||
H226743 | 421405 | 6240240 | 0 | 0.1 | 0.00 | 0.00 | 0.00 | 4.3 | 0 |
H226744 | 421333 | 6240026 | 0.015 | 1.41 | 0.03 | 0.01 | 0.29 | 18.6 | 0.65 |
H226745 | 421329 | 6239986 | 0.001 | 0.65 | 0.02 | 0.00 | 0.01 | 2.8 | 0.01 |
H226746 | 421241 | 6240021 | 0.004 | 5.66 | 0.03 | 0.07 | 0.24 | 10.6 | 0.04 |
H226847 | 421344 | 6240211 | 0.01 | 3.84 | 0.00 | 0.12 | 0.00 | 0.4 | 0.01 |
H226849 | 421223 | 6240023 | 0 | 0.12 | 0.01 | 0.00 | 0.01 | 12.1 | 0 |
H226850 | 421251 | 6240010 | 0.001 | 0.66 | 0.02 | 0.00 | 0.02 | 22.1 | 0 |
H226856 | 421269 | 6240025 | 0.014 | 3.33 | 0.11 | 0.02 | 0.20 | 186.5 | 0.02 |
H226857 | 421316 | 6239971 | 0.001 | 0.3 | 0.01 | 0.00 | 0.01 | 4 | 0 |
H226858 | 421256 | 6239947 | 0.001 | 0.1 | 0.00 | 0.00 | 0.00 | 0.2 | 0 |
H226859 | 421252 | 6239943 | 0.003 | 1.58 | 0.11 | 0.00 | 0.01 | 3.7 | 0 |
H226861 | 421258 | 6240022 | 0.018 | 5.56 | 0.18 | 0.08 | 0.08 | 81.4 | 0.01 |
H226863 | 421294 | 6240059 | 0.001 | 0.2 | 0.01 | 0.00 | 0.03 | 14.4 | 0.01 |
Big Gold North | |||||||||
H226704 | 421368 | 6240925 | 0.222 | 1.02 | 0.01 | 0.00 | 0.00 | 16.9 | 0.15 |
H226705 | 421372 | 6240967 | 0.18 | 3.22 | 0.02 | 0.04 | 0.07 | 71.5 | 0.04 |
H226706 | 421396 | 6240827 | 0.092 | 1.78 | 0.03 | 0.00 | 0.00 | 14 | 7 |
H226707 | 421401 | 6240825 | 0.248 | 7.72 | 0.01 | 0.00 | 0.00 | 58.6 | 14.3 |
H226708 | 421379 | 6240863 | 0.081 | 4.42 | 0.00 | 0.00 | 0.01 | 207 | 8.31 |
H226709 | 421441 | 6240771 | 0.103 | 2.72 | 0.00 | 0.00 | 0.00 | 58.6 | 11.4 |
H226711 | 421371 | 6240986 | 0.035 | 7.77 | 0.01 | 0.01 | 0.01 | 9.3 | 0.06 |
H226794 | 421375 | 6240890 | 0.067 | 6.99 | 0.01 | 0.00 | 0.43 | 75.4 | 2.07 |
H226797 | 421375 | 6240890 | 0.088 | 12.05 | 0.01 | 0.00 | 0.00 | 118.5 | 0.24 |
H226800 | 421375 | 6240890 | 0.046 | 7.5 | 0.01 | 0.00 | 0.03 | 90 | 0.34 |
H226806 | 421376 | 6240859 | 0.332 | 1.47 | 0.01 | 0.00 | 0.05 | 77.2 | 1.35 |
H226810 | 421328 | 6240840 | 0.047 | 1.2 | 0.10 | 0.00 | 0.01 | 12.8 | 0.01 |
H226811 | 421328 | 6240841 | 0.011 | 0.17 | 0.00 | 0.00 | 0.01 | 23.9 | 0.01 |
H226812 | 421523 | 6241070 | 0.002 | 1.19 | 0.01 | 0.00 | 0.01 | 8.3 | 0.01 |
H226814 | 421437 | 6240993 | 0.001 | 0.55 | 0.01 | 0.00 | 0.00 | 8.6 | 0.01 |
H226813 | 421433 | 6240536 | 0.001 | 0.97 | 0.01 | 0.00 | 0.01 | 29.8 | 0.01 |
Big Gold South | |||||||||
H226733 | 420919 | 6239424 | 0 | 0.29 | 0.02 | 0.00 | 0.01 | 7 | 0 |
H226734 | 420827 | 6239360 | 0.005 | 0.28 | 0.00 | 0.00 | 0.00 | 92.8 | 0.52 |
H226735 | 420761 | 6239375 | 0.006 | 0.48 | 0.00 | 0.00 | 0.01 | 63.9 | 0.3 |
H226736 | 420716 | 6239378 | 0.007 | 2.12 | 0.06 | 0.01 | 0.01 | 76.2 | 0 |
H226737 | 420713 | 6239464 | 0.002 | 2.33 | 0.01 | 0.00 | 0.02 | 12.2 | 0.01 |
H226738 | 420773 | 6239472 | 0.002 | 0.67 | 0.01 | 0.00 | 0.00 | 9.8 | 0.01 |
H226739 | 420796 | 6239580 | 0.105 | 9.42 | 0.05 | 0.02 | 0.01 | 658 | 0.01 |
H226740 | 420812 | 6239641 | 0 | 0.63 | 0.04 | 0.00 | 0.00 | 6.4 | 0 |
H226741 | 420854 | 6239589 | 0.029 | 3.52 | 0.02 | 0.00 | 0.01 | 73.1 | 0.02 |
H226742 | 420548 | 6239700 | 0.001 | 0.5 | 0.05 | 0.06 | 0.16 | 6.4 | 0.04 |
H226830 | 420809 | 6239540 | 0.01 | 2.21 | 0.02 | 0.00 | 0.01 | 71.7 | 0 |
H226831 | 420598 | 6239625 | 0 | 0.09 | 0.00 | 0.00 | 0.01 | 2.2 | 0.01 |
H226832 | 420819 | 6239636 | 0.012 | 2.1 | 0.01 | 0.00 | 0.00 | 64.3 | 0.03 |
H226833 | 420654 | 6239620 | 0.001 | 0.14 | 0.00 | 0.00 | 0.00 | 10.2 | 0 |
H226834 | 420860 | 6239499 | 0 | 0.14 | 0.01 | 0.00 | 0.01 | 5.3 | 0.01 |
H226842 | 420943 | 6239431 | 0.001 | 0.46 | 0.01 | 0.09 | 0.03 | 10.4 | 0.04 |
H226843 | 422229 | 6238908 | 0.001 | 0.1 | 0.00 | 0.00 | 0.01 | 1.9 | 0 |
* Grab samples are selective in nature, therefore reported mineralization and assay results may not be representative.
Qualified Person
The Qualified Person for this news release for the purposes of National Instrument 43-101 is
QA/QC
All samples were crushed and pulverized at the ALS preparation laboratory in
About Teuton
Teuton owns interests in more than thirty properties in the prolific “Golden Triangle” area of northwest
Figures:
Fig. 1 - Luxor Project Location Map http://teuton.com/LuxorProjectMap
Fig. 2 - Roman Zone Massive Sulfide Occurrence http://teuton.com/RomanZone
On Behalf of the Board of Directors of
"
President and Chief Executive Officer
For further information, please visit the Company's website at www.teuton.com or contact:
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the
Cautionary Statements regarding Forward-Looking information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.
All statements relating to future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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