VANCOUVER, Canada, May 13, 2015 (GLOBE NEWSWIRE) -- Teuton Resources Corp. ("Teuton") ("TUO"-TSX-V) ("TFE"-Frankfurt) ("TEUTF"-OTCBB) will be seeking option partners for six of its wholly-owned mineral properties located south of Seabridge Gold's KSM property and Pretium Resources' Brucejack property. The Company has had many enquiries in the past six weeks from companies wishing to option or purchase some of these claims.
The six properties lie along the southward continuation of the same geology that hosts many of the deposits on the KSM and Brucejack properties. These include Pretium Resources prolific Valley of the Kings deposit, with proven and probable mineral reserves of 13.6 million tonnes grading 15.7 g/t gold (6.9 million ounces of gold) and Seabridge Gold's Deep Kerr deposit, currently with an inferred resource of 781 million tonnes at 0.33g/t gold and 0.54% copper (8.2 million ounces of gold and 9,320 million pounds of copper). Both Seabridge Gold and Pretium Resources have drilled off several other deposits on their ground including the Kerr, Sulphurets, Mitchell, Iron Cap and Lower Iron Cap, all owned by Seabridge Gold, and the Bridge, West, Shore and Snowfield zones, all owned by Pretium Resources.
The area covered by the Seabridge Gold and Pretium Resources properties was called the "Sulphurets" in past years, because of the bright yellow, orange and red gossans (zones of oxidation of iron-rich sulphide minerals) that stand out like red thumbs and can be seen for miles around. The many mineral deposits which have been found to date have given the district a world class stature. Rudi Fronk, president of Seabridge Gold, said "If you look at the resources we have and that of our neighbour Pretium, it's probably one of the top five mineral systems in the world" (as quoted in Mining Weekly Article Entitled "Seabridge Gold on the lookout for JV partner as KSM keeps on giving" Aug. 7, 2014).
The sentiment is also echoed by Jeff Kyba, Northwest Regional Geologist for the British Columbia government: "Over the past five years, the northwest Stikine has built its momentum towards becoming the world's next big mineral province," he says. "People are recognizing that these deposits have high-grade roots and big extensions they never thought were there." [BC Survey's 'red line' a game changer for explorers. Northern Miner, May 6, 2015. http://www.northernminer.com/news/bcgs-presents-a-big-game-changer-for-explorers-in-nw-stikine/1003601910/?&er=NA#sthash.8QptB20p.dpuf]
Jeff Kyba has suggested that the geological contact between Triassic age Stuhini rocks and younger Jurassic age Hazelton rocks is an important marker for finding large-scale mineral deposits. Geologists Jeff Kyba and Joanne Nelson from the B.C. Geological Survey may have unlocked the secret to world-class porphyry- and intrusion-related gold-copper deposits in northwestern B.C. They've discovered that most of the major deposits in the region occur within 2 km of a regional stratigraphic contact, and according to Kyba, there are lithological and structural clues to narrow that window even more.
Kyba mentions he has an "open-door" policy on the data he uses, and offers explorers a geological map that highlights the prospective contact as a thick, red line. "If you're near that red line, and there's a clastic sequence coupled with large-scale faults, then you might be in the neighbourhood of B.C.'s next big deposit," he says. "And knowing that is a big game changer for explorers in the region, because it'll get them closer to making a discovery. [Excerpted from May 6, 2015 Northern Miner]"
The map accompanying this news release has Kyba's favourable contact outlined in red, and also highlights the Sulphurets fault, thought to be related to all of the deposits on the KSM property. But a change in lithology across the contact isn't the only thing Kyba suggests is a useful proxy to finding "nation-building" ore deposits. Brucejack and KSM are both encased in a large halo of a highly deformed, quartz-sericite-altered host rock. Immediately east is a large, Cretaceous-aged thrust fault called "sulphurets" that caps the altered ore host. Kyba reckons that it's no coincidence the prominent fault is so close to the deposits."When the Stikine was compressed, all the prospective structures bounding these old basins were slippery because of the alteration associated with the porphyries. So they were the first to fail, and became reactivated as younger, prominent thrust faults." [Excerpted from May 6, 2015 Northern Miner]"
To view the map accompanying this press release, please visit the following link:
D. Cremonese, P.Eng., President of Teuton, commented as follows: "When I first began staking claims for Teuton back in the 1980's, I relied heavily on reports by geologists of the British Columbia Ministry of Mines. This tradition of government geologists assisting exploration companies is especially strong today and is exemplified by the efforts of Joanne Nelson and Jeff Kyba of the BC Geological Survey to elucidate ore-forming processes in the Golden Triangle (Stikine)."
Description of Teuton's Six Mineral Properties
All six of Teuton's properties south of the KSM and Brucejack lie along or within two kilometers of the favourable Stuhini-Hazelton contact (see map). In addition, several of the properties lie along or near the 8km long continuation of the Sulphurets fault into Teuton claims.
On Teuton's King Tut property, a hole drilled in 2012 intersected 222m running 0.88 g/t gold, very close to the same grade and length as the average of 21 holes drilled into Pretium Resources Bridge deposit situated 2km to the north--237m of 0.87 g/t gold. Further drilling of this zone may be possible now that the ice has melted back exposing a new drillsite location at a lower elevation (see Teuton website, King Tut property). There is a good chance that discrete higher-grade gold zones may be discovered within the broad bulk tonnage grade mineralization. Ten grab samples taken from the UH zone close to the King Tut returned values ranging from 4.8-63.0 g/t gold, 18-86 g//t silver, 0.31 to 2.42% lead and 1.4 to 6.5% zinc.
On Teuton's Tuck property located south of the King Tut, meltback of snow and ice in 2014 exposed a new altered zone of jarosite-stained quartz stockwork carrying highly anomalous values in gold, silver and arsenic. A series of short holes drilled into the southern part of the exposure all reported anomalous gold values but did not locate any high-grade intercepts, however, the northern part of the exposure and any additional ground which opens up in 2015 remain to be tested.
The Delta property, located next in sequence to the south, covers an area where gold and silver anomalous heavy metal stream sediment samples ranging from 1,255 to 6,500 pbb gold and from 20.0 to 141 ppm silver were collected from five streams in 1986. Subsequent soil geochemical surveys outlined several gold anomalies. Drilling of this prospective area has been confined to a minor program testing one small section in the northeast. Teuton undertook drilling of the Feld gossan in the western portion of the property in 2012 and 2013. One hole intersected a 5.8m section grading 3.0 g/t gold; another intersected two narrow intervals of very fine-grained lead-zinc-silver-gold mineralization thought to be possibly VMS in nature.
On the Fairweather property, trenching in 1987 uncovered an agglomerate grading 4.04 g/t gold across 7m. Soil geochemical surveys conducted around the exposure outlined several gold anomalies in close proximity to the trenched exposure. A subsequent small work program did not extend the mineralization due to deep overburden. Recommendations for further trenching and shallow drilling are yet to be carried out.
Teuton's High North property adjoins due south of Seabridge Gold's KSM property. Less than five percent of a series of gossanous ridges has been prospected to date. As previously stated, the Sulphurets fault passes through much of the property, as do the Triassic age rocks extending south from Seabridge Gold's Kerr deposit.
The Orion property features extensive flow-banded rhyolite and rhyolite breccias with local sections anomalous in gold and arsenic. Native sulfur located in one portion of the property suggests an acid sulfate environment such as exists at the Treaty Creek property to north. In the western portion of the property, a new exposure of basaltic rocks and hyaloclastites returned anomalous gold and silver values. The property is considered to have significant potential for hosting Eskay Creek-type deposits.
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as President and CEO, is not independent of the Company. Mr. Cremonese has not independently verified all of the geological information presented in this news release in relation to the Seabridge Gold' KSM property and Pretium Resources' Brucejack property.
Shareholders and other interested parties can access information about Teuton at the Company's website, www.teuton.com, which recently has been updated.
"Dino Cremonese, P.Eng."
Teuton Resources Corp.
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Source:Teuton Resources Corp.