Tennyson Project

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The Tennyson property is owned and operated by Teuton Resources Corporation and has excellent potential to host porphyry gold-copper mineralization of the type now being explored by Seabridge Gold and Pretium on their Sulphurets area properties 15km to the north. Vein-type gold-silver mineralization also exists on the property.

From 1985 to 2010, approximately $1,200,000 has been spent on the property, about half of it funded by optionees. Teuton currently owns a 100% interest in the property and is pursuing its copper-gold potential.

Location

The Tennyson property is located 6 km due west of the former Granduc Mines millsite, approximately 50 km by road from Stewart, British Columbia.

History and Property Status

The property was staked by Teuton Resources in 1985 to cover a prominent gossan exposed by receding snow and icefields. A small work program the same year showed widespread anomalous gold, copper, lead and zinc content in talus fines and rock geochem samples.

In 1986 the property was optioned to Cons. BRX which drilled six 150m. Later, the same year, the property was re-optioned to Westlake Res. and again in 1988 to Catear/Keylock Resources. These companies collectively drilled another 14 holes. All of these drill programs concentrated on finding epithermal-type gold-silver mineralization within the central, highly altered area of the property. The property was returned to Teuton in 1991 after Catear/Keylock ran into financial difficulties and could not continue with work commitments.

In 1992 Teuton carried out a 5 hole program, mainly testing a porphyry copper-gold target exposed by receding snow near the northwest edge of the gossan. All three holes into the porphyry target returned encouraging copper-gold values.

From 1993 to 2005 little work was done on the property, but in 2006 Teuton flew an Aeroquest geophysical survey over the property. This survey disclosed a sharp magnetic anomaly in the southeast portion of the central gossan where high copper values had been previously sampled from skarn-like rocks.In 2009, prospecting disclosed an area of anomalous gold-arsenic values on surface which was later drilled with partially successful results.

In 2010, the property was the subject of a larger drill program, three of the holes being directed at the copper-gold porphyry target.These holes returned good values.


Reference for information:
www.teuton.com/index.php?option=com_content&view=articl...