Teuton Resources Corp.: Second Drill To High Property
August 28 2012 - 1:03PM
Marketwired Canada
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.
Respectfully:
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.
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