Teuton Resources Corp. and Minvita Enterprises Ltd. are pleased to announce initial drilling results from a recently completed program on the Clone gold property, located southeast of Stewart, BC. Gold values from diamond drill hole #CL-03-2 are as follows:
Altogether 8 holes were drilled during the 2003 program. DDH#CL-03-02 is the only hole to be fully logged, split and assayed. It is expected that core samples from the remaining drill holes from the 2003 Clone program will be sent in for assay within one week.
The Clone property is under option to Lateegra Resources Corp. (“LEG”-TSX Venture Exchange), which can earn a 50% interest in the property by spending $1,500,000 in exploration over a four year term. As part of its property due diligence, Lateegra requested that the first two holes of the 2003 program be positioned in an attempt to confirm historical results from two of the 140 holes drilled on the property during the period from 1995-97. DDH#CL-03-02 was sited close to the collar of, and with the same dip and attitude as, DDH#110 (drilled in 1996) which returned 32.9 feet grading 1.28 oz/ton gold. The remaining 6 holes of the 2003 program tested 3 separate targets on the Clone property.
Pioneer Laboratories of Richmond, British Columbia, an accredited facility, performed all of the analyses. Alex Walus, P. Geol., is in charge of the 2003 field program and is a qualified person as defined by National Instrument 43-101. Mr. Walus has 15 years experience exploring the Stewart region.
Results From 7 Holes Awaited at Del Norte
Seven holes have been completed from two pads separated by 750 feet on the Del Norte property. All seven holes intersected the LG vein at various depths, with the deepest intersection occurring in DDH#DN-03-07 at 472 feet. Core samples from all seven holes are presently undergoing analysis and results are expected before the end of the next week.
Drilling is continuing on a third pad situated south of the first two pads, in the direction of the Kosciuszko zone. Grids for geophysical surveys have been laid out over both the LG and Horatio zones and geophysical surveying has been initiated on the Horatio zone. After completion of these surveys the drill will be moved to test targets in the Horatio zone, where recent sampling has shown massive sulfide mineralization carrying values up to 36.43 oz/ton silver and 3.457 oz/ton gold (cf. Teuton News Release, Sept. 11, 2003).
The Del Norte property is situated 21 miles east of Stewart and is 100% owned by Teuton Resources. Lateegra Resources Corp. has an option to earn a 50% interest in the property from Teuton by carrying out $3,000,000 in exploration on the property over a five year term.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP.
“D. Cremonese” Dino Cremonese, P.Eng.
President Teuton Resources Corp Minvita Enterprises Ltd.
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