ABOUT THE PROPERTY
On September 4, 2020, entered into a property option agreement with Teuton Resources Corp. (TSXV:TUO) to acquire up to a 75% interest in Teuton’s Harry and Outland Silver Bar properties (collectively the “Harry Property”) which is located in the Skeena Mining Division approximately 30km northwest of Stewart, BC. Click here to see Map
The Property consists of 3 contiguous claims that cover a gross area of approximately 1,333 hectares. As per an updated December 1, 2020 National Instrument 43-101 Technical Report on the property (Click here for a copy), the majority of the Property including the Outlander claim lies along the NW portion of a geological corridor prospective for gold-silver mineralization that is up to 3 kilometers wide. It is at least 15 kilometers long extending from south of the Premier Mine, possibly in the US, north to the Scottie Gold Mine and beyond. Within this mineralized corridor, there are a number of gold/silver deposits as well as numerous prospects. Deposits within this corridor include the Premier, Big Missouri, Silver Coin, Martha Ellen and Mt Dilworth.
During a 2020 assessment program on Harry carried out by Teuton, a modest number of grab and chip samples were taken during prospecting traverses of the northern portion of the property. A grab sample from a showing ran 45.3 ounces/ton gold (1,553 g/t) and 18.7 ounce/ton silver (642 g/t). The showing consists of a 2m wide quartz vein breccia trending 310 degrees. The second of two 1m sub-samples taken across the zone (050 degrees) was the richest: it ran 15.7 ounce/ton gold (538 g/t). Other samples taken in the surrounding gossans, mostly grabs, returned values between trace gold and a high of 0.63 ounce/ton gold (21.6 g/t gold). (see Teuton news release dated December 9, 2020). A new zone of mineralization, called the “Milestone” (Click here for location), was discovered on Harry averaging 7.86 ounces/ton gold (269.5 g/t) across a 2 metre width was found during prospecting by Teuton geologists and occurs in virgin ground exposed in recent years by retreating ice (Click here to see pictures of showing). Outcrop Showing 7.86 ozs per ton. The full width of the zone has not been defined due to overburden cover.
Locally, a 300m wide zone with gossanous outcrops interspersed with glacial till features intense quartz-sericite-pyrite alteration. The main showing contains coarse dendrites of visible gold within a milky quartz vein breccia. Many of the surrounding outcrops have small veins carrying pyrite and galena (lead sulfide).