CORRECTION FROM SOURCE: Teuton Resources Corp.: Tennyson Copper-Gold Zone 450 Metres Long, 180 Metres Deep and Open to West and South
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/21/11 -- Editors Note: There is a map associated with this Press Release.
Teuton Resources Corp. ('Teuton') (TSX VENTURE: TUO) (FRANKFURT: TFE) (OTCBB: TEUTF) is pleased to report that assays for all sixteen holes drilled at the Tennyson property in 2011 have now been received. The property is located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the 'Golden Triangle').
The holes, all of which returned copper-gold values, are presented in the table below (a 3D schematic map showing the zone accompanies this news release) with previously unreported holes italicized:
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Copper
Drill Interval Width Gold Copper Equiv. (i)
Hole (metres) (metres) (g/t) (%) (%)
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2.1 to
TN11-01 15.2 13.1 0.32 0.44 0.66
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1.5 to
TN11-02 71.6 70.1 0.17 0.31 0.43
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TN11-03 0 to 81.7 81.7 0.32 0.33 0.55
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TN11-04 0 to 229.5 229.5 0.25 0.32 0.50
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0.9 to
TN11-05 95.7 94.8 0.17 0.30 0.42
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130.5 to
157.9 35.2 0.27 0.34 0.53
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0.6 to
TN11-06 99.1 98.5 0.22 0.43 0.58
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0.6 to
TN11-07 126.5 125.9 0.27 0.40 0.59
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3.1 to
TN11-08 106.7 103.6 0.31 0.42 0.64
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0.5 to
TN11-09 101.5 101.0 0.26 0.32 0.50
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0.3 to
TN11-10 192.3 192.0 0.20 0.32 0.46
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TN11-11 0 to 119.8 119.8 0.19 0.30 0.43
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1.2 to
TN11-12 68.9 67.7 0.21 0.30 0.45
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98.1 to
TN11-13 158.1(1) 60.0 0.14 0.22 0.32
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54.6 to
TN11-14 161.2(2) 106.6 0.24 0.42 0.59
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51.2 to
TN11-15 262.7(3) 211.5 0.15 0.22 0.33
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32.0 to
TN11-16 152.1(4) 120.1 0.12 0.21 0.29
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(i) Based on $1615 oz/ton gold and $3.35 lb copper, metallurgical recoveries
assumed to be 100%. All widths drill indicated only.
(1)Ice from 0 to 35.4m
(2)Ice from 0 to 54.6m
(3)Ice from 0 to 51.2m
(4)Ice from 0 to 32.0m
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Assays for the final two holes of the program, #'s 15 and 16, and also for an extension of hole #10 were received and continue to show copper-gold values. The two most southerly of these holes, #'s 10 and 15, also showed the greatest vertical range of mineralization seen to date, namely 180m and 183m, respectively. Hole #15 bottomed in mineral. From the assay data it appears the zone may be opening up to the west-southwest, as indicated by hole #14 which returned 107m grading 0.59% copper equivalent. Current strike length of the zone is approximately 450m.
Discussions are ongoing with parties wishing to option the property. If these negotiations prove unfruitful, the Company is prepared to conduct a large program in 2012. This will be aimed at following the zone further to the west and south as well as drilling holes from the rock outcrops located on the opposite side of the ice (heading east back toward the zone). Teuton will also look at the possibility of building a road into the property connecting 7km from the end of the Granduc mining road network.
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. Loring Laboratories of Calgary, Alberta, an accredited facility, performed the analyses. 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.
To view the map associated with this press release, please visit the following link:
http://media3.marketwire.com/docs/1221teu.pdf
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
Contacts:
Teuton Resources Corp.
Dino Cremonese, P.Eng.
President
(604) 682-3680 or Toll Free: 1-800-879-2333
682-3992 (FAX)
www.teuton.com
