Teako Completes 2025 Field Program at Lokken and Venna Projects: Identifies Significant New VMS Target at Venna
Executive Summary
- Teako Minerals completed its 2025 field program at the Løkken (90% owned) and Venna (100% owned) projects in central Norway, including detailed mapping, sampling, and structural assessments.
- A new massive‑sulfide target (“Mostadmarka Target”) was identified at the Venna Project; 61 grab/rock‑chip samples have been submitted for assay with results expected in 4–6 weeks.
- The planned drill program at Løkken Fjelslett has been postponed due to partner‑related delays, while structural work on drill core from holes AM‑25‑001 and HOY‑25‑001 is pending.
Key Details
- Venna Project – Mostadmarka Target
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20 km cumulative strike length of jaspers and quartz‑magnetite cherts identified as distal indicators of Cu‑rich VMS deposits.
- 45 rock‑chip samples collected along a 10 km northern trend; 14 samples from an 8.6 km southern magnetic trend; 2 samples from a western anomaly (total 61 samples dispatched for laboratory analysis).
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Assay results pending; expected within 4–6 weeks of receipt by the lab.
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Additional Venna Findings
- Mapping and sampling around the historic Sandsve copper occurrence completed; in‑house pXRF analyses underway.
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One regional electromagnetic target (Anomaly 2) revealed previously undocumented pyrite mineralization, confirming hydrothermal activity.
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Løkken Project – Field Work
- Completed comprehensive mapping and sampling at Høydal, Dragset, and Grefstofjellet targets within the 90% owned portion of the project.
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Structural assessment of drill core from holes AM‑25‑001 (Åmot) and HOY‑25‑001 (Høydal) performed in collaboration with Cardiff University; results pending.
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Postponed Drill Program
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The contemplated drill program at Løkken Fjelslett target has been delayed due to technology‑partner related issues.
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Next Steps
- Review pending assay results from the Mostadmarka Target and integrate them with existing geophysical, geological, and historic data to refine drill targets at Venna.
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Conduct a comprehensive assessment of all 2025 field data (including structural work) to evaluate Phase 2 drill targeting opportunities at Løkken.
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Qualified Person
- Technical information reviewed and approved by Eric Roth, Non‑Executive Director and Qualified Person under NI 43‑101.
Notable Quotes
“The identification of the Mostadmarka massive‑sulfide target represents a significant step forward in our exploration model for Norway’s Caledonian belt,” – Sven Gollan, CEO
Materiality Assessment: Non‑Material – Neutral (operational update without immediate financial impact).