Teuton Resources Corp.
OTC Bulletin Board : TEUTF

Teuton Resources Corp.

September 07, 2011 08:56 ET

Teuton Cuts 229.5m of 0.73 g/t Gold Equiv. at Tennyson

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2011) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO) (FRANKFURT:TFE) (OTCBB:TEUTF) is pleased to announce results from Hole TN2011-4 at its Tennyson copper-gold property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the "Golden Triangle").

This hole, which was aimed at a malachite-stained rock island recently exposed from the snow and ice, ran 229.5m of 0.25 g/t gold and 0.32% copper, or 0.73 g/t gold equivalent at current metal prices. Full results are presented below:

Gold Equiv. *
TN10-04 0 to 289.0 289.0 948 0.22 0.29 0.66
Incl. 0 to 157.9 157.9 518 0.27 0.37 0.83
Incl. 0 to 229.5 229.5 753 0.25 0.32 0.73
*Based on $1850 per oz/ton gold and $4.07 per lb copper.

D. Cremonese, P.Eng., President of the Company, stated: "This new result is very encouraging, being three times as long as the average interval obtained from the six holes drilled in previous years. Grade is roughly the same as in previous holes, but we believe there is a good chance that copper values will improve as we move out of the sericitic and into the chloritic section of the zone. Seabridge's Kerr deposit, located 20km to the north, is a local analogue with indicated and measured resources of 241 million tonnes grading 0.25 g/t gold and 0.47% copper (0.96 g/t gold equivalent). The top 158m of our hole grades 0.83 g/t gold which is only 16% from the Kerr average grade. However, unlike the Kerr, the Tennyson lies only 7km from the Granduc mining road without any intervening ice to traverse, so access and related infrastructure costs should be very considerably reduced."

Holes TN-2011 #'s 1, 2, 3, 5 and 6 are presently at the laboratory awaiting analysis, with a further ten holes being logged and diamond-sawed. The drill is currently being moved to the High property, situated to the north of the Tennyson and directly adjoining south of Pretium's Brucejack property.

The QA/QC protocol system employed during the 2011 exploration program included procedures for monitoring the chain-of-custody of samples and the insertion of blanks and reference standard samples in every batch of samples. Pioneer Laboratories of Richmond, BC, an accredited facility, performed the analyses.

High Property

Prospecting of the High property to the north of the Tennyson and immediately south of Pretium Resources' Brucejack property is continuing, in preparation for a drill campaign to start immediately. Float samples reported in the last news release have been followed to source where grabs from several localities confirmed the gold assays.

A second zone, located to the east was recently discovered. This area is hosted by intermediate volcanics cut by numerous fine stringers carrying pyrite, chalcopyrite and possibly tetrahedrite. Samples taken over a 400m length returned values ranging from 0.74 to 47.8 g/t gold. A drill pad has been constructed and this area will be the first tested on the High property.

Approximately 750m to the northwest, an Eskay Creek type environment featuring basalts, mudstones and rhyolite was very recently discovered and sampling is ongoing.

The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng.

Dino Cremonese, P.Eng., President

Teuton Resources Corp.

If you would like to be added to Teuton's news distribution list, please send your email address to gary.teuton@shawlink.ca.

This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp. does have an ongoing obligation to disclose material information, as it becomes available.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • Teuton Resources Corp.
    Dino Cremonese, P.Eng.
    (604) 682-3680 / Toll Free: 1-800-879-2333
    (604) 682-3992 (FAX)