Teuton Resources Corp. - Drilling Begins at Tuck Target, High Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 4, 2014) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO) (FRANKFURT:TFE) (OTCBB:TEUTF) is pleased to report that drilling has commenced on its newly discovered Tuck showing on the 100%-owned High property, located 55km north of Stewart in the Golden Triangle of northwestern British Columbia. The drill is currently on the second hole.
During construction of the drill pad and clearing away of local snow, a sub-zone containing massive to semi-massive pyrite was discovered. This was the heaviest concentration of sulfides yet seen on the Tuck showing.
Two weeks ago several prospecting traverses were run over the alteration zone. One of these traverses had five grab samples ranging from 1.6 to 171 g/t silver and from 0.84 to 5.48 g/t gold, averaging 37.34 g/t silver and 2.28 g/t gold. The sub-surface extension of this area is being tested by drilling.
Within the alteration zone, anomalous gold and silver values are associated with intensely sericite altered volcanic rock. The altered rocks are jarosite stained with a strong quartz stockwork that locally forms up to 50% of the rock. Pyrite as coarse grains and as fine grained veinlets (up to 1cm wide) form up to 10% of the zone overall. A fine black unidentified sulphide occurs in some of the rocks sampled.
Elsewhere on the Company's Stewart area holdings, on the 100%-owned Del Norte property located 30km east of Stewart, continued prospecting has identified an area where blue copper stain is oozing out of a streambed. This area had not been previously identified. Further work is planned and may lead to a decision to drill contingent upon financing. Drill permits are already in place. The Company plans to post pictures of the new copper-bearing zone on its website in the near future.
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as president, is not independent of the Company. Assays were performed by Pioneer Laboratories of Richmond, BC, an accredited facility.
Shareholders and other parties interested in following Teuton are encouraged to visit the Company's website at www.teuton.com, recently updated.
Respectfully:
"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.
