Teuton Resources Corp. (“TUO”) (“Teuton”) and Minvita Enterprises Ltd. (“MVE”) (“Minvita”) are pleased to announce that Aeroquest Limited of Milton, Ontario has been retained to fly helicopter-borne geophysical surveys over the jointly-owned Clone, Tonga & Silver Bell properties, located in the Stewart region of northwestern British Columbia. The program will use state-of-the-art time domain (AEROTEM II) EM and aeromagnetic instrumentation and is scheduled to start January 15, 2005.
On the Clone property, the survey is intended to search for extensions of the high-grade gold and gold-cobalt bearing shear zones which were the subject of a $3 million exploration program from 1995-98. The Clone property was recently optioned to Canasia Industries Corporation (“CAJ.H”) (“Canasia”) under terms whereby Canasia can earn a 50% interest in the property by spending $1.8 million over five years (see News Release dated Nov. 30, 2005). Teuton-Minvita will act as operator during the term of the option. Canasia has informed Teuton-Minvita that it has raised the necessary funds to complete the proposed airborne survey.
The airborne geophysical survey over the Tonga property is expected to help delineate an intrusive body postulated as the source of an extensive molybdenum soil geochemical anomaly. A secondary purpose is to search for exhalative horizons hosting silver-lead-zinc mineralization as indicated in float samples, and inferred by widespread geochemical silverlead- zinc anomalies.
On the Silver Bell property, located a few kilometers northeast of Stewart in the once famous Glacier Creek silver camp, the primary focus of the airborne survey will be to probe for intrusive-related, gold-bearing pyrite/pyrrhotite mineralization such as is found nearby at the Red Mountain gold deposit. Special attention will be paid to a pillow lava horizon which is known to underlie a portion of the property. Elsewhere in the Stewart region, most notably at Eskay Creek and at Anyox, pillow lavas have been found in close proximity to VMS (volcanogenic massive sulfide) deposits.
ON BEHALF OF THE BOARD OF DIRECTORS
“D. Cremonese, P.Eng.”
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