Teuton Resources Corp. (“Teuton”) (“TUO”:TSX–V; “TFE”-Frankfurt) is pleased to announce that it has staked a very large area of claims extending northwest from the Eskay and Treaty Creek areas to the Galore Creek area and beyond, all situated in northwestern British Columbia. Altogether 697 square miles of additional claims were acquired, bringing Teuton’s total land holdings in the prolific Stewart region to over 1,100 square miles.
The bulk of the new claims lie within a northwest trending belt of rocks extending between two emerging porphyry copper-gold districts, Galore Creek and Sulphurets Creek. The former is located 93 miles north and the latter 40 miles north of the deepwater port of Stewart , BC. Galore Creek hosts two deposits with a global resource (all categories) containing 8.2 million oz. of gold and 7.8 billion lbs of copper. At the southern end of the belt, the Sulphurets Creek district hosts four porphyry deposits with a global resource (all categories) containing 19.5 million oz of gold and 5.0 billion lbs of copper.
Nova Gold Resources Inc. and Teck Cominco have recently announced plans to place the Galore Creek deposit into production by 2012 with a capital cost estimated at $2 billion. New roads and powerlines will be built to accommodate the proposed mine, construction of which will undoubtedly spur exploration of surrounding, geologically prospective areas.
Seabridge Gold Inc. and Silver Standard Resources Inc. control all four porphyry deposits identified to date in the Sulphurets Creek district. The two companies are expected to each drill approximately 15,000 meters in the 2007 field season to test for extensions of mineralization delineated in previous programs. Teuton’s pre-existing Treaty Creek property, currently under option to American Creek Reources, lies at the northeast end of this district.
Teuton plans to prospect several key zones of glacial meltback located within its newly acquired claims, to be followed by airborne geophysical surveys. This work will be in addition to the six drill programs which are currently slated for its Treaty Creek, Midas/Del Norte, Fiji, Konkin Silver, Leduc Silver and Orion properties, also situated within the Stewart mining camp.
D. Cremonese, P.Eng. is the Qualified Person for Teuton in regard to technical information contained in this press release. A map showing the new claims can be found at the Company’s website.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP.
“Dino Cremonese, P.Eng.”
Dino Cremonese, P.Eng.
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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