A new zone of gold-bearing mineralization has been discovered at Teuton Resources Corp.’s 20%-owned Treaty Creek project in British Columbia, according to an Oct. 11 statement.
The new zone was intersected in the third hole of the current drilling program and is about 870 meters northeast of the Copper Belle zone that was drilled in 2007 and 2009.
The results from a depth of 316 meters indicate a 110-meter interval averaging 0.909 g/t of gold.
Teuton noted that, below 426 meters, the gold values drop off, with some higher grade exceptions including a 12-meter interval averaging 1.258 g/t from 598 meters.
Seven holes have been drilled so far, and the program is continuing.
The other partners in the Treaty Creek joint venture are Tudor Gold Corp., which owns a 60% stake, and American Creek Resources Ltd. with a 20% interest.