Teuton Resources Corp. (TSX-Venture:TUO) acquired some upward stock price momentum early Monday from news at its Treaty Creek mine, in northwestern British Columbia.
The news release issued early Monday morning revealed the final hole (CB-18-39) of the 2018 exploration season, a 90-metre stepout to the north of the Copper Belle Zone, intersected 0.981 g/t gold over 563.8 meters and bottomed in mineralization.
This is the widest and most strongly mineralized interval seen to date of the 69 holes that have been drilled within the zone, and more importantly, suggests potentially greater widths of mineralization continuing to the north and northeast.
CEO Walter Storm opined, "This very positive intersection in the final hole of the year at Treaty Creek exhibits particularly strong gold values for a porphyry-style deposit. It is certainly the best result to date at Copper Belle - in terms of grade x length - being some 50% longer than the previous longest intersection."
TUO shares vaulted half a cent, or 3.7%, to 14 cents, on volume of 105,000 late Monday morning
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