TMIN Announces Assay Results from its Inaugural Diamond Drill Program on the Yellow Moose Gold Project
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
Not for dissemination in the United States or through U.S. newswires
Teako Minerals Announces Assay Results from its Inaugural Diamond Drill Program on
the Yellow Moose Gold Project
VANCOUVER, B.C. – (December 14, 2023), TEAKO MINERALS CORP. (CSE: TMIN)
(the "Company" or "Teako") is pleased to announce assay results from its inaugural drill program
at its 100 % owned Yellow Moose gold project. The project is within the Nechako Plateau region
of north-central British Columbia, 150 kilometers southwest of Prince George and 75 km
southwest of the town of Vanderhoof.
The drill program comprised a total of 772 meters of HQ diameter diamond drilling within five (5)
drill holes. Drilling targeted the Stubb Bay occurrence, an epithermal gold target within a larger
structural corridor, hosting epithermal vein structures, breccia textures , and zones of propylitic
alteration exposed along the shoreline of Knewstubb Lake (Figure 1).
Drilling commenced on September 2, 2023, and concluded on September 11, 2023. The
subsequent drill core sampling program was halted prematurely on September 16, 2023, due to fire
evacuation orders. All holes were geologically logged and key priority intervals totaling 511.5
meters were sampled.
Highlights:
• Drilling comprised 772 meters in five (5) holes focused on the Stubb Bay occurrence, one
of several prospective areas that define an 18 km gold geochemical trend within the Yellow
Moose property.
• Drilling encountered widespread zones of epithermal-style alteration including intense
silicification, clay alteration, and pyrite mineralization with rare pyrrhotite and
chalcopyrite.
• Results include 3.1 meters of 1.6 grams per tonne (“g/T”) gold (“Au ”) from 35.9 m to
39.0 m in hole YM23-04 and 6.4 meters of 0.2 g/T Au from 135.6 m to 142.0 m in hole
YM23-02.
• Alteration patterns, clay mineralogy, and elevated pathfinder elements are interpreted by
the Company to indicate that only the upper portions of a gold-bearing epithermal system
were intersected. Further drilling will be required to test an interpreted higher-grade core.
• An additional 172.87 hectares was staked contiguous to the main claim property block.
The Cutoff 10 claim, the claim added, is located directly south of the Stubb Bay occurrence,
and was staked on October 5, 2023.
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
Figure 1: Property Location
2023 Drill Program Details
The 2023 drill program comprised five (5) drill holes totaling 772 meters and tested the Stubb Bay
occurrence. The target exploration model at the property is a low -sulphidation epithermal gold
system. Stubb Bay is defined by historical work that includes a trench (two meters of 2.87 g/T Au)
and one shallow drill hole (6.1 meters of 0.50 g/T Au). This historical work is compiled from
publicly available reports and, although unverified, is considered valid for exploration purposes.
Additionally, stockwork quartz veined outcrops are present along the shoreline of the adjacent
Knewstubb Lake reservoir. Inland, an abundance of quartz-breccia and silicified boulders are
present that display similarities to those seen on the shoreline. Recent work in 2020 and 2021 by
the previous operator revisited the area and further outlined the target with a program of Ah soil
sampling (Figure 2).
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
Due to evacuation orders triggered by nearby active wildfires, crews and core were immediately
removed from the property, and core sampling was prioritized to the most promising intervals.
Samples were collected from most of the drill holes including the entirety of holes YM23-02 and
YM23-05 and the majority of holes YM23-01 and YM23-05 for a total of 511.4 meters assayed.
Hole YM 23-03 was not sampled. The Company intends to complete the sampling in the future.
Drill hole locations are plotted in Figure 2 and drill hole location details are presented in Table 2.
Figure 2: Planview of the September 2023 Drill Program at the Stubb Bay Target
Holes YM23-01, 2, and 4 were completed on a single section while hole YM23 -03 was collared
150 meters to the southwest. Hole YM23-05 was drilled on a section 50 meters northeast of holes
Hole YM23-02. All holes except for YM23-03 are plotted in the cross-section in Figure 3 and
significant gold values are summarized in Table 1. Rock types include a sequence of andesite
volcanic flows and breccias intruded by diorite dykes or sills. Pervasive alteration in all units
contains silicification, clay alteration, and pyrite. Gold occurs sporadically throughout the altered
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
section with the best values found in hole YM23-04 where a 3.1-meter interval returned a weighted
average of 1.6 g/T from 35.9 meters downhole. Altered intervals are accompanied by elevated
arsenic (background to 524 ppm) and barium (background to 2,779 ppm) suggesting the close
vicinity of a main metals system.
Table 1: drill hole assays
Drillhole From (m) To (m) Length (m) Gold (g/T)
YM23-01 56.0 57.5 1.5 0.6
YM23-02 135.6 142.0 6.4 0.2
YM23-03 unsampled
YM23-04 35.9 39.0 3.1 1.6
YM23-05 104.3 105.4 1.1 0.3
Reported intervals are core lengths. True widths are currently unknown.
The core was analysed for clay mineralogy on 2 cm core slices collected at 10 -meter intervals
using a portable ASD TerraSpec Halo Mineral Identifier gun which is a full -range NIR
spectrometer measuring the visible and short-wave infrared regions (350-2500 nm). Preliminary
results identified a suite of clay minerals comprised of assemblages of illite, smectite, chlorite, and
other minor components. Additional processing of mineral spectra is ongoing to refine the full
assemblage.
Kristian Whitehead, Teako’s VP of Exploration commented, “Several of our drill holes
encountered targeted favourable silicification, alteration, and gold mineralization that can be
associated with productive epithermal systems. The results obtained during this initial program
have provided important understandings as to determining the vertical position of the epithermal
system at the Stubb Bay occurrence, a key attribute. This important step allows the Teako team to
effectively advance towards a significant discovery in this prospective area of the property.”
Table 2: Drill hole attributes, NAD 83, Zone 10
DRILL HOLE ID EASTING NORTHING AZIMUTH DIP DEPTH
(m)
CASING DEPTH
(m)
YM23-01 376377 5937339 312 -55 179.00 3.10
YM23-02 376452 5937281 315 -55 168.00 6.20
YM23-03 376279 5937220 325 -70 113.00 3.10
YM23-04 376514 5937180 315 -55 175.00 11.00
YM23-05 367457 5937334 133 -56 137.00 11.00
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
Figure 3: Cross Section of Drillholes YM23-01,02,04 & 05 with gold ppb values
Photo 1: Photographed drill core of YM23-05 from 104.30 – 104.56 meters depth. The core
photo illustrates pyrite mineralization within the intrusive unit with pervasive silicification and
chlorite alteration.
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
Photo 2: The core photo illustrates YM23-02 from 135.60 m – 142.00 meters depth with
abundant fine-grained pyrite mineralization within the andesite unit with abundant
silicification and chlorite alteration.
Discussion
This initial drill program was designed to test the subsurface projection of the Stubb Bay
occurrence that comprised scattered outcrop and float material along the shores of Knewstubb
Lake reservoir. The drilling successfully encountered epithermal-style alteration similar to the
surface exposures and encountered gold sporadically throughout the altered sections with the best
values found in hole YM23-04 where a 3.1 meters interval returned a weighted average of 1.6
g/T from 35.9 meters downhole. Alteration zones are open to depth and to the northeast at Stubb
Bay and several nearby occurrences indicate a potential for a large epithermal system. Clay
mineralogy and the presence and tenor of the gold indicate that the upper levels of a gold-bearing
epithermal system are present and that there is potential for better grades at depth. Stubb Bay is
one of several epithermal-gold targets identified on the large Yellow Moose property that outlines
an 18-kilometer-long trend.
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
Figure 4: Geological Model Stubb Bay Target, Yellow Moose Property
Drill Core Analysis and QAQC
All sampled drill core was sent to the SGS lab in Vancouver for sample preparation and analysis
using Bandstra Transportation Systems of Prince George, BC. Robotic sample preparation is used
to ensure reproducibility; samples are pulverized to greater than 85% passing 75 microns. All
samples have undergone GE_FAI31V5 (Au, Pt, Pd, FAS, exploration grade, ICP-AES, 30g-5mL)
and GE_ICP21B20 (Aqua Regia Digest (HCL/HNO3), ICP-AES) methods of analysis.
A 5% QAQC (Quality Assurance and Quality Control) was conducted on the drill core which
included systematic insertion of Standards, Blanks as well as Duplicate Pulp assay lab analysis
requests to ensure the reliability of the drill core results.
1100 – 1111 Melville Street, Vancouver, BC, V6E 3V6 TEL: +43 5522 500429
www.teakominerals.com
Qualified Person:
Mr. Whitehead, P.Geo, is the Company's qualified person as defined by National Instrument 43-
101 -- Standards of Disclosure for Mineral Projects and has prepared the technical information
presented in this release and was the project manager for the drill program. Additional commentary
and data verification statements were presented in news releases dated July 21, 2023, and
September 5, 2023, and filed on SEDAR+ and the Company's website.
About Teako Minerals Corp.:
Teako Minerals Corp. is a Vancouver-based mineral exploration company committed to acquiring,
exploring, and developing mineral properties in Canada, Norway, and Finland exploring for gold,
copper and cobalt. The adoption of technologies such as the SCS Exploration Product aligns with
its strategy to remain at the forefront of the rapidly evolving mining industry.
ON BEHALF OF TEAKO MINERALS CORP.
"Sven Gollan"
CEO
T: +43 5522 500429
Email: [email protected]
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the
business of Teako. Forward-looking information is based on certain key expectations and assumptions made by the management
of Teako. In some cases, you can identify forward-looking statements by the use of words such as "will," "may," “would,” “expect,”
“intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of
these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press
release include Although Teako believes that the expectations and assumptions on which such forward-looking information is based
are reasonable, undue reliance should not be placed on the forward-looking information because Teako can give no assurance that
they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of
factors and risks. These include but are not limited to, risks associated with the mineral exploration industry in g eneral (e.g.,
operational risks in development, exploration, and production; the uncertainty of mineral resource estimates; the uncertainty of
estimates and projections relating to production, costs, and expenses, and health, safety and environmental risks), constraint in the
availability of services, commodity price and exchange rate fluctuations, changes in legislation impacting the mining industry,
adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or
development projects or capital expenditures. These and other risks are set out in more detail in Teako’s interim Management’s
Discussion and Analysis dated October 31, 2023.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy
of the contents of this release.