Location and Summary
The High property has recently come into prominence due to the bonanza gold discoveries made on the adjoining Brucejack property of Pretium Resources, located immediately to the north and along geological strike. Exceptionally high-grade gold intercepts were reported by Pretium in 2011 and 2012, such as a 35.1 foot interval grading 70.3 ounces gold and 46.8 ounces silver per ton (the highest of several multi-ounce gold intervals reported).
To the northwest of Teuton’s drillsite lies the KSM (Kerr-Sulphurets-Mitchell) property of Seabridge Gold wherein Seabridge is advancing major copper-gold bulk tonnage prospects to the feasibility stage. In 2012, Seabridge Gold also announced discovery of high-grade gold mineralization in their Camp zone.
Teuton has held onto the High property for 27 years. Recently, the acceleration of global warming has begun to melt back permanent ice and snowfields, exposing virgin ground. The 2012 appearance of one such exposure has led to the discovery of Teuton’s new King Tut zone.
Teuton drilled 3 holes in 2012, a total of 1,346 metres (4,418 feet), the first of which was drilled from a newly exposed rock island situated 150m south of the boundary line between Teuton’s claims and Pretium Resources’ Brucejack property, approximately 600 meters west of the southward projection of the Brucejack fault. The newly exposed rock is bisected by a contact between hypabyssal porphyry and sediments + mafic intrusives. In the southeast corner of the island pervasive malachite (copper oxide) stain was noted. The first hole was directed southeastward to test the extent of this copper-bearing mineralization and drilled to a depth of 618 metres (2,027 feet). The drill hole had a dip of 75 degrees and was collared within the sediments, intersecting the porphyry at 300m down dip. Although two more holes were planned at shallower angles to intersect the gold-bearing porphyry at higher elevations, time constraints precluded their start. The drill successfully intersected 222 metres (728 feet) of 0.88 g/t Au from 300-522m.
Four surface grab samples were taken in the porphyry immediately southwest of the drill collar. Results are as follows:
The copper, lead and zinc values obtained in these grabs, coming from galena, sphalerite and tetrahedrite mineralization, indicate potential for higher gold grades in the upper portion of the porphyry, the topmost 300 vertical meters of which remains to be tested.
This new zone discovered by surface sampling and drilling has been dubbed "King Tut."
Dino Cremonese, P.Eng., President of Teuton Resources Corp., has commented as follows:
“With this first hole into the northern High claims gossans, we were fortunate enough to hit extensive gold mineralization, proving that the prolific system of gold-bearing deposits evident in the properties of Pretium Resources and Seabridge Gold extends southward into our ground. The nearest zone to the north is Pretium’s Bridge deposit from which 21 holes drilled in 2010 averaged 237m of 0.87 g/t gold, the same grade and almost same length as our hole. Surface sampling of the King Tut suggests that we may encounter higher grade sections when we return to drill the untested upper region of this zone. As well as the King Tut, there are at least six other targets in the vicinity.”
Some 7 kms to the south of the King Tut, two holes were drilled from a single pad, testing a zone of surface gold mineralization discovered in 2011 from which grab samples returned values ranging from 1 to 6 g/t gold.
Core sampling is now complete on Holes H12-02 and H12-03 and samples have been shipped to the laboratory. Both holes exhibit lengthy (up to 100m) sections of intense iron carbonate alteration with cross-cutting fractures containing sphalerite and pyrite mineralization. Assays are pending.
Because of inclement weather that lasted throughout the 2011 season, work was confined to two zones located 6.5 km south of the boundary with Pretium Gold. This work consisted of prospecting and drilling of 5 holes.
Two holes were drilled west from Pad#1 into an area from which surface samples returned values ranging from 0.74 to 47.8 g/t gold. Neither of the holes reached the downward expression of the surface mineralization. It appears that the pad was emplaced too far east, but because of a spalling glacier located immediately above the mineralized zone, this was the closest it could be put in without endangering the drill crew.
The final three holes of the season were directed at various azimuths from Pad#2 situated below a second mineralized gold zone discovered by prospecting. Hole #3 returned a 5.8m interval grading 3.0 g/t from 210.9 to 216.7m and Hole #4 returned 55.5m of 0.41 g/t gold from 102.1 to 157.6m. The fifth hole did not encounter any significant mineralization. Ideally this surface zone should have been tested from Pad#3, situated at higher altitude, but severe weather prevented mobilizing the drill to this location.