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Teuton Resources Corp. : $1 Million Dollar Program Planned for High Property in 2012 Season

11.01.2012  |  Marketwired
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Jan. 11, 2012) - Teuton Resources Corp. ("Teuton") (TSX VENTURE: TUO) (FRANKFURT: TFE) (OTCBB: TEUTF) is pleased to announce that it intends to carry out a $1 million drilling program on its High property during the 2012 field season. The work will be conducted immediately south of the Pretium Resources-Teuton border in an area marked by several gossanous outcrops (see map, attached: http://media3.marketwire.com/docs/757781.pdf). A camp will be established nearby.

On the Pretium Resources property, seven deposits are spatially related to the north-south trending Brucejack Fault, which is projected to run further south into the Teuton ground. Collectively, these seven deposits are part of the Brucejack Gold project and contain both high-grade and bulk tonnage gold mineralization. One of the seven deposits, the Valley of Kings zone, has returned some spectacular bonanza grade gold intersections in recent drilling.

By news release dated Nov. 28, 2011, Pretium reported a significant increase in resources for both types of mineralization. In the high-grade category using a cut-off of 5.0 g/t gold equivalent, a new measured and indicated resource was reported of 9.3 million tonnes grading 16.92 g/t gold (containing 5.06 million ounces of gold). In the inferred portion of the resource there were 4.0 million tonnes grading 25.67 g/t gold (containing 3.33 million ounces of gold).

In the bulk tonnage category using a cut-off of 0.30 g/t gold-equivalent, there were 305.3 million tonnes grading 1.31 g/t gold (containing 12.89 million ounces of gold) as a measured and indicated resource. The inferred resource was 813.7 million tonnes grading 0.70 g/t gold (containing 18.20 million ounces of gold).

Because of inclement weather that lasted throughout the 2011 season, Teuton carried out no work in the highly prospective area now slated for drilling in 2012. Instead work was confined to two zones located 7 km south of the boundary with Pretium Resources. This work consisted of prospecting and drilling of 5 holes.

Two holes were drilled west from Pad#1 into an area from which surface samples returned values ranging from 0.74 to 47.8 g/t gold. Neither of the holes reached the downward expression of the surface mineralization. It appears that the pad was emplaced too far east, but because of a spalling glacier located immediately above the mineralized zone, this was the closest it could be put in without endangering the drill crew.

The final three holes of the season were directed at various azimuths from Pad#2 situated below a second mineralized gold zone discovered by prospecting. Hole #3 returned a 5.8m interval grading 3.0 g/t from 210.9 to 216.7m and Hole #4 returned 55.5m of 0.41 g/t gold from 102.1 to 157.6m. The fifth hole did not encounter any significant mineralization. Ideally this surface zone should have been tested from Pad#3, situated at higher altitude, but severe weather prevented mobilizing the drill to this location.

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.


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.

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



Contact Information

Teuton Resources Corp.
Dino Cremonese, P.Eng.
President
(604) 682-3680 or Toll Free: 1-800-879-2333
682-3992 (FAX)
www.teuton.com
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