Teuton Resources Corp.

Teuton Resources Corp.

September 13, 2010 08:30 ET

Teuton Resources Corp.: Progress Report on Drilling at Clone Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - Teuton Resources Corp. ("Teuton") ("TUO") (TSX VENTURE:TUO)(FRANKFURT:TFE) is pleased to announce that 5 holes have been drilled to date at the Clone gold property located southeast of Stewart, BC. A Kubota excavator has been flown to the site and preparations for the planned bulk sampling program are almost complete.

Of the five holes, four have been logged. Each of these four encountered the H-1 zone which is characterized by massive hematite, specularite, occasional chalcopyrite and minor quartz veining. Visible gold has been spotted in all four holes.

The first five holes are situated southeast of the final holes of the 2009 program. They have been drilled at shallow angles, the better to intersect the high-grade portion of the H-1 system which has been interpreted as plunging into the hillside at from 5 to 10 degrees. Results from the holes are expected to guide the bulk sampling program.

Samples from two of the holes have already been sent out for assay, and the following two will be sent out on Tuesday. Pioneer Laboratories of Richmond, BC will be undertaking the analyses.

In other news, assay results for the preliminary surface sampling on the High property are in, and range from 2 to 1320 ppb gold. Unfortunately the permit from the BC Ministry of Mines in Smithers has not yet been received, precluding the drilling of this prospect in the current year. 

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

"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. has 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 or Toll Free: 1-800-879-2333
    (604) 682-3992 (FAX)