Overview

The Yellow Moose Project

Location

British Columbia, Canada

Stage

Advanced Stage

Deposit type(s):

Low Sulphidation Epithermal

Description

The Property is an advanced-stage project measuring 105 km 2 with extensive geological, geochemical and geophysical survey coverage defining a greater than fifteen km length of a low-sulphidation epithermal gold trend with permitted drill-ready targets and is 100% owned by Teako. The 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 has an abundance of epithermal gold prospects and projects in the region including the 11.7 Moz Blackwater Deposit owned by Artemis Gold located approximately 45 km to the southwest, (M+I resource ref: Artemis Gold Mineral Resource Estimate, 2020).

A key target on the property is the gold trend defined by the Trout Deposit and the Stubb Bay Target, which extends over 15 km within the Cutoff claims.The Trout Deposit (not owned by Teako) located adjacent to Teako’s claims to the north end of the project area. The Trout Deposit is a well-preserved low sulphidation epithermal gold target. The Trout Deposit highlights the gold prospective potential of the Yellow Moose epithermal system.

This trend comprises several showings and targets between these two significant areas, and its potential expands considerably if we include the area southwest towards the Property. This region has seen substantial exploration activity since the 1980s, with notable involvement by companies such as Newmont, Cogema, and Phelps Dodge. The historical work was predominantly comprised of rock, soil and till sampling,geophysical surveys with limited drilling and trenching. Notably, almost all of the drilling and trenching activity to date has been focused on the Trout Deposit.

Recent drilling by the Company 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.

NI 43-101 Technical Report

The Property is accessible throughout the year, thanks to well-maintained logging roads.

Prospecting activities have yielded grab and float samples with strongly anomalous grades of up to 2.45 g/t Au (ranges of sample values are presented in Figures 3 and 4), with many samples comprised of quartz veining, silicification, and elevated pathfinder elements.

Propylitic alteration accompanied by minor quartz veining has been observed along the Stubb Bay to Lalinear trend, which is further defined by field mapping, geophysical data, and remote sensing.

The area that presents a key interest for continued work for Teako is the potential northeastern continuation of the Stubb Bay mineralization. A satellite structural interpretation of the project has been completed, revealing significant structures at Stubb Bay and Lalinear that continue towards the northeast. This interpretation has highlighted potential extensional ‘kinks’ within these major structures, opening up new avenues for exploration.

Inland, an abundance of quartz-breccia and silicified boulders are present, displaying similarities to those seen on the shoreline. This combination of historical and current findings highlights the prospective nature of this location.

Historical geochemistry datasets have been digitized, including soil, till, and rock, along with geophysical surveys such as magnetic and EM, dating from the 1980s to the 2000s. Furthermore, a two-phase soil sampling campaign had been carried out in 2020 and 2021, which entailed a collection of 3,255 Ah soil samples, as well as prospecting activities conducted by Cuprita geologists. The Ah methodology was chosen as it is a more effective alternative to the historic
geochemical surveys of reworked (glacial) material.

Historical work carried out by previous operators in 2014 has led to the interpretation of a large extensional corridor, known as the “Trout Graben”, which continues southwest from the Trout Deposit. This corridor encompasses many of the identified targets and anomalies. With the exception of Stubb Bay and Trout, all these potential areas currently remain untested by drilling.

At Stubb Bay, historical work from 1994 included trench results of 2.0 meters of 2.87 grams per tonne of gold and one shallow drill hole yielding 6.1 meters containing 0.50 grams per tonne of gold. Additionally, stockwork quartz veining outcrops are found spread across the shoreline (historical work from publicly available reports. Unverified but considered valid for exploration
purposes).

The Property is accessible throughout the year, thanks to well-maintained logging roads.

Prospecting activities have yielded grab and float samples with strongly anomalous grades of up to 2.45 g/t Au (ranges of sample values are presented in Figures 3 and 4), with many samples comprised of quartz veining, silicification, and elevated pathfinder elements.

Propylitic alteration accompanied by minor quartz veining has been observed along the Stubb Bay to Lalinear trend, which is further defined by field mapping, geophysical data, and remote sensing.

The area that presents a key interest for continued work for Teako is the potential northeastern continuation of the Stubb Bay mineralization. A satellite structural interpretation of the project has been completed, revealing significant structures at Stubb Bay and Lalinear that continue towards the northeast. This interpretation has highlighted potential extensional ‘kinks’ within these major structures, opening up new avenues for exploration.

Inland, an abundance of quartz-breccia and silicified boulders are present, displaying similarities to those seen on the shoreline. This combination of historical and current findings highlights the prospective nature of this location.

Historical geochemistry datasets have been digitized, including soil, till, and rock, along with geophysical surveys such as magnetic and EM, dating from the 1980s to the 2000s. Furthermore, a two-phase soil sampling campaign had been carried out in 2020 and 2021, which entailed a collection of 3,255 Ah soil samples, as well as prospecting activities conducted by Cuprita geologists. The Ah methodology was chosen as it is a more effective alternative to the historic
geochemical surveys of reworked (glacial) material.

Historical work carried out by previous operators in 2014 has led to the interpretation of a large extensional corridor, known as the “Trout Graben”, which continues southwest from the Trout Deposit. This corridor encompasses many of the identified targets and anomalies. With the exception of Stubb Bay and Trout, all these potential areas currently remain untested by drilling.

At Stubb Bay, historical work from 1994 included trench results of 2.0 meters of 2.87 grams per tonne of gold and one shallow drill hole yielding 6.1 meters containing 0.50 grams per tonne of gold. Additionally, stockwork quartz veining outcrops are found spread across the shoreline (historical work from publicly available reports. Unverified but considered valid for exploration
purposes).

Overview

The Yellow Moose Project

Location

British Columbia, Canada

Stage

Advanced Stage

Deposit type(s):

Low Sulphidation Epithermal

Description

The Property is an advanced-stage project measuring 105 km 2 with extensive geological, geochemical and geophysical survey coverage defining a greater than fifteen km length of a low-sulphidation epithermal gold trend with permitted drill-ready targets and is 100% owned by Teako. The 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 has an abundance of epithermal gold prospects and projects in the region including the 11.7 Moz Blackwater Deposit owned by Artemis Gold located approximately 45 km to the southwest, (M+I resource ref: Artemis Gold Mineral Resource Estimate, 2020).

A key target on the property is the gold trend defined by the Trout Deposit and the Stubb Bay Target, which extends over 15 km within the Cutoff claims.The Trout Deposit (not owned by Teako) located adjacent to Teako’s claims to the north end of the project area. The Trout Deposit is a well-preserved low sulphidation epithermal gold target. The Trout Deposit highlights the gold prospective potential of the Yellow Moose epithermal system.

This trend comprises several showings and targets between these two significant areas, and its potential expands considerably if we include the area southwest towards the Property. This region has seen substantial exploration activity since the 1980s, with notable involvement by companies such as Newmont, Cogema, and Phelps Dodge. The historical work was predominantly comprised of rock, soil and till sampling,geophysical surveys with limited drilling and trenching. Notably, almost all of the drilling and trenching activity to date has been focused on the Trout Deposit.

Recent drilling by the Company 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.

NI 43-101 Technical Report

The Property is accessible throughout the year, thanks to well-maintained logging roads.

Prospecting activities have yielded grab and float samples with strongly anomalous grades of up to 2.45 g/t Au (ranges of sample values are presented in Figures 3 and 4), with many samples comprised of quartz veining, silicification, and elevated pathfinder elements.

Propylitic alteration accompanied by minor quartz veining has been observed along the Stubb Bay to Lalinear trend, which is further defined by field mapping, geophysical data, and remote sensing.

The area that presents a key interest for continued work for Teako is the potential northeastern continuation of the Stubb Bay mineralization. A satellite structural interpretation of the project has been completed, revealing significant structures at Stubb Bay and Lalinear that continue towards the northeast. This interpretation has highlighted potential extensional ‘kinks’ within these major structures, opening up new avenues for exploration.

Inland, an abundance of quartz-breccia and silicified boulders are present, displaying similarities to those seen on the shoreline. This combination of historical and current findings highlights the prospective nature of this location.

Historical geochemistry datasets have been digitized, including soil, till, and rock, along with geophysical surveys such as magnetic and EM, dating from the 1980s to the 2000s. Furthermore, a two-phase soil sampling campaign had been carried out in 2020 and 2021, which entailed a collection of 3,255 Ah soil samples, as well as prospecting activities conducted by Cuprita geologists. The Ah methodology was chosen as it is a more effective alternative to the historic
geochemical surveys of reworked (glacial) material.

Historical work carried out by previous operators in 2014 has led to the interpretation of a large extensional corridor, known as the “Trout Graben”, which continues southwest from the Trout Deposit. This corridor encompasses many of the identified targets and anomalies. With the exception of Stubb Bay and Trout, all these potential areas currently remain untested by drilling.

At Stubb Bay, historical work from 1994 included trench results of 2.0 meters of 2.87 grams per tonne of gold and one shallow drill hole yielding 6.1 meters containing 0.50 grams per tonne of gold. Additionally, stockwork quartz veining outcrops are found spread across the shoreline (historical work from publicly available reports. Unverified but considered valid for exploration
purposes).

The Property is accessible throughout the year, thanks to well-maintained logging roads.

Prospecting activities have yielded grab and float samples with strongly anomalous grades of up to 2.45 g/t Au (ranges of sample values are presented in Figures 3 and 4), with many samples comprised of quartz veining, silicification, and elevated pathfinder elements.

Propylitic alteration accompanied by minor quartz veining has been observed along the Stubb Bay to Lalinear trend, which is further defined by field mapping, geophysical data, and remote sensing.

The area that presents a key interest for continued work for Teako is the potential northeastern continuation of the Stubb Bay mineralization. A satellite structural interpretation of the project has been completed, revealing significant structures at Stubb Bay and Lalinear that continue towards the northeast. This interpretation has highlighted potential extensional ‘kinks’ within these major structures, opening up new avenues for exploration.

Inland, an abundance of quartz-breccia and silicified boulders are present, displaying similarities to those seen on the shoreline. This combination of historical and current findings highlights the prospective nature of this location.

Historical geochemistry datasets have been digitized, including soil, till, and rock, along with geophysical surveys such as magnetic and EM, dating from the 1980s to the 2000s. Furthermore, a two-phase soil sampling campaign had been carried out in 2020 and 2021, which entailed a collection of 3,255 Ah soil samples, as well as prospecting activities conducted by Cuprita geologists. The Ah methodology was chosen as it is a more effective alternative to the historic
geochemical surveys of reworked (glacial) material.

Historical work carried out by previous operators in 2014 has led to the interpretation of a large extensional corridor, known as the “Trout Graben”, which continues southwest from the Trout Deposit. This corridor encompasses many of the identified targets and anomalies. With the exception of Stubb Bay and Trout, all these potential areas currently remain untested by drilling.

At Stubb Bay, historical work from 1994 included trench results of 2.0 meters of 2.87 grams per tonne of gold and one shallow drill hole yielding 6.1 meters containing 0.50 grams per tonne of gold. Additionally, stockwork quartz veining outcrops are found spread across the shoreline (historical work from publicly available reports. Unverified but considered valid for exploration
purposes).

Sign up to our newsletter

Follow us on:

© 2024 Teako Minerals – Designed by Aveo web&marketing

Sign up to our newsletter