Teuton Resources Corp. is pleased to announce that a diamond drill program is underway on its High property, located 60km north of Stewart, in the Golden Triangle region of northwestern British Columbia.
The drilling program will concentrate on near surface mineralization in the King Tut zone, situated 150m south of the border between Teuton’s High property and Pretium Resources’ Brucejack-Snowfield property, the latter featuring the exceptionally high-grade gold Valley of the Kings zone. On July 23, 2013 Pretium Resources announced discovery of another high-grade structure in the Valley of the Kings, the Cleopatra vein, from which one drill intersection reported 5.8m grading 2,567 g/t gold (19.0 feet of 74.88 oz/ton gold). A map showing the King Tut in relation to surrounding properties and mineral deposits/zones accompanies this release (see map).
Assay samples from an initial 15 grabs taken from the King Tut zone in 2013 returned values ranging from 120 to 11,820 ppb gold. Many of the samples were accompanied by elevated values in copper (58 to 2,538 ppm), lead (61 to 7,998 ppm) and zinc (54 to 7,529 ppm). The assemblage of elements in these samples is much different from last year’s single hole into the King Tut which ran 222m grading 0.88 g/t gold, suggesting a different mineralizing event. Assays from further samples taken in the vicinity from stockwork type mineralization are awaited.