TMIN Commences Maiden Diamond Drill Program at the Advanced District-Scale Yellow Moose Gold Project
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Teako Minerals Commences Maiden Diamond Drill Program at the Advanced
District-Scale Yellow Moose Gold Project
VANCOUVER, B.C. – September 5, 2023, TEAKO MINERALS CORP. (CSE: TMIN) (the
"Company" or "Teako") is pleased to announce that it has commenced its maiden diamond dril l
program at its 100% owned Yellow Moose gold project (the “Property”) in B.C., Canada. This
maiden diamond drill program will consist of approximately 800 to 1,000 meters over four (4) to
six (6) holes, with holes being drilled within the co rridor of epithermal vein structures, breccia
textures and zones of propylitic alteration.
The program will also test the significant inferred fault structures along Stubb Bay observed during
previous satellite structural interpretation works. Stockwork quartz veining outcrops and float are
prevalent along the shoreline of Stubb Bay. A dditionally, an abundance of quartz-breccia and
silicified boulders are present inland for up to 250 meters from the shoreline . Drilling operations
are expected to be completed by mid to late September.
Highlights:
• Initiation of our maiden drill program consisting of approximately 800 to 1,000 meters
over four (4) to six (6) holes.
• Drilling operations are expected to be completed by mid to late September.
• The region is rich with epithermal gold prospects and projects, an example being the 11.7
Moz Blackwater Deposit owned by Artemis Gold.
• The Property is an advanced-stage and district-scale project with extensive geological,
geochemical and geophysical survey coverage defining a greater than Fifteen (15) km
length of a low- sulphidation epithermal gold trend.
• The Stubb Bay target is only one of many targets on the Yellow Moose project.
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Each hole is designed to test the unique features of the Stubb Bay target (refer to figure 1);
• DD_SB_A: Drilling northwest beneath the bay and Stubb Bay outcrop, perpendicular to
the predicted mineralization and controlling structure.
• DD_SB_B: Drilling northwest, perpendicularly to the predicted mineralization and
controlling structure.
• DD_SB_C: Drilling northwest, perpendicularly to the predicted mineralization and
controlling structure.
• DD_SB_D: Drilling along the central fence line in a northwest direction, aligned
perpendicularly to the predicted mineralization and controlling structure.
Figure 1: Proposed Drill Program at the Stubb Bay Target
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It's crucial to ascertain the system level that Stubb Bay represents. The veins in this area contain
both microcrystalline and open- space crystalline quartz, suggesting a potentially upper -level
position. The geologic and structural framework, a s provided by the Trout deposit, is
predominantly controlled by major northeast-trending grabens and intersecting northwest-trending
faults. Within this structural regime, breccias and younger volcanics might be more favorable.
Notably, there's a minimal footprint in the footwall of Trout.
The Company’s geologists hope to tap into a boiling zone, which, in epithermal gold deposits,
refers to the depth and temperature range where mineral-rich fluids begin to boil and undergo rapid
changes in pressure and temperature. As these fluids rise from depth within the crust and approach
the surface, they decrease in pressure and temperature, eventually reaching a point where they boil.
When these fluids boil, they can no longer hold the same amount of dissolved minerals, leading to
the precipitation and deposition of these minerals within the host rock. This process results in the
formation of mineral veins. The boiling zone is significant for mineral exploration because it often
represents the depth at which the highest concentrations of precious metals are deposited.
The Company is working in collaboration with SGDS HIVE, a Service Alliance member, to
Figure 2: Geological Model Stubb Bay Target, Yellow Moose
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enhance the cost-efficiency of our drill program. SGDS are providing Teako with staff and contacts
in the area including expeditors, suppliers and government.
About the Yellow Moose Project:
The Property is an advanced-stage and district -scale project with extensive geological,
geochemical and geophysical survey coverage defining a greater than Fifteen (15) km length of
a low- sulphidation epithermal gold trend . More than CAD $500,000 of recent work has been
undertaken on the Property. The Yellow Moose project is within the Nechako Plateau region of
north-central British Columbia, 150 km southwest from the city of Prince George and 75 km
southwest from the town of Vanderhoof.
The Property is accessible throughout the year, thanks to well-maintained logging roads. Previous
Regional Geology
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owners, including Cuprita Minerals Inc. , have conducted extensive surface work, outlining
numerous untested gold targets. These range from drill -ready stages to indicated trends that
necessitate further grassroots follow -up. Notably, the Trout Deposit, which is not owned by
Teako, is situated adjacent to Teako’s claims at the northern end of the project area. This deposit
stands as a prime example of a well -preserved low sulphidation epithermal gold target, with
results such as 19.5 g/t Au over 5 meters from trenching and 3.7 g/t Au over 20 mete rs from
drilling. The presence of the Trout Deposit underscores the gold prospective potential inherent in
the Yellow Moose epithermal system.
The Stubb Bay target is only one of many targets on the Yellow Moose project. Historical work
by previous operat ors (2014) have interpreted a large extensional corridor (“Trout Graben”)
continuing SW from the Trout deposit (not owned by Teako) , in which many of the targets &
anomalies lie within. All targets in this >18 km low - sulphidation epithermal gold trend rem ain
untested from drilling with the exception of Trout and Stubb Bay.
Figure 3: The Cutoff Gold Trend and Targets
Historical geochemical datasets, encompassing soil, till, and rock, as well as geophysical surveys
like magnetic and EM from the 1980s to the 2000s, have been digitized. Additionally, in 2020 and
2021, a two-phase soil sampling campaign was executed, resul ting in the collection of 3,255 Ah
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soil samples. Observations from the Stubb Bay to Lalinear trend have noted propylitic alteration
paired with minor quartz veining. This trend is further delineated by field mapping, geophysical
data, and remote sensing. A satellite structural interpretation of the project has been finalized,
unveiling significant structures at both Stubb Bay and Lalinear that extend northeastward. This
interpretation emphasizes potential extensional 'kinks' within these primary structures.
The region is rich with epithermal gold prospects and projects, a notable example being the 11.7M
oz Blackwater Deposit owned by Artemis Gold, situated roughly 45 km southwest (as referenced
by the Artemis Gold Mineral Resource Estimate in 2020). Furtherm ore, the project benefits from
easy accessibility from neighboring communities, all set within a renowned mining region.
Qualified Person:
Mr. Kristian Whitehead, P. Geo., is the "Qualified Person" under National Instrument 43-101, has
reviewed and approved the scientific and technical information in this press release.
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 & Finland exploring for Copper
Cobalt & Gold. The adoption of advanced 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 nu mber of
factors and r isks. These include, but are not limited to, risks associated with the mineral exploration industry in general (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 industr y,
adverse weather conditions and uncertainties resulting from potential delays or changes in plans with respect to exploration or
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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 April 30, 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.