Teuton Resources Corp.

Teuton Resources Corp.

August 28, 2012 13:03 ET

Teuton Resources Corp.: Second Drill To High Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2012) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO) (FRANKFURT:TFE) (OTCBB:TEUTF) is pleased to report that a second drill will be mobilized shortly to the High property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the "Golden Triangle"). The High property adjoins due south of Pretium Resources' Brucejack property, where nine drills are currently exploring the Valley of the Kings and satellite gold zones.

A contract has been signed with Blackhawk Drilling Ltd. of Smithers, BC. Target for the new drill is a zone of surface gold mineralization discovered in 2011 from which grab samples returned values ranging from 1 to 6 g/t gold. This zone was drilled in 2011 but the set-up for the drill was not ideal due to limitations caused by the lateness of the season. The new pad is constructed at much higher altitude and, hopefully, will intersect the main part of the zone.

Plans also call for a trenching crew to test a second zone discovered in 2011. Grab samples from this zone returned values ranging from 1 to 47 g/t gold. A spalling glacier overlooking the main part of the zone precluded an effective drill test in 2011. The trenching is designed to evaluate the further reaches of the zone where it may be possible to drill.

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


Dino Cremonese, P.Eng.

President, Teuton Resources Corp.

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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

    202-2187 Oak Bay Avenue
    Victoria, BC V8R 1G1
    (604) 682-3680 or Toll Free: 1-800-879-2333
    682-3992 (FAX)