Teuton Resources Corp. (“TUO”) (“Teuton”) and Lateegra Resources Corp. (“LEG”) (“Lateegra) are pleased to announce encouraging results from the first seven holes drilled in 2003 on the Del Norte property, situated 20 miles east of Stewart, British Columbia. Results are as follows:
|Drill Hole||From (feet)||To (feet)||Interval (feet)||Silver (oz/ton)||Gold (oz/ton)||Gold Equiv.* (oz/ton)|
|* Based on 77:1 ratio between current gold and silver prices|
The first four holes were drilled from Pad “F”, located approximately at the center of the 1,800 foot long surface exposure of the LG vein (see map). The next three holes were drilled from Pad “A”, some 700 ft. to the northwest. These latter three holes intersected excellent gold-silver grades at depths to 475 feet down hole.
Two more holes have since been drilled from Pad “G” located southeast of Pad “A” and both intersected the LG vein at target depth. Assays for these two are pending.
The steeply-dipping LG vein remains open at depth and in both strike directions. There is growing evidence that the LG vein may be related to the Kosciuszko zone located 1,550 feet further southeast, on the other side of a broad snowfield. The LG and Kosciuszko structures share similar mineralogy and strike in the same direction. Deeper intersections of the LG vein are also showing a brecciated character reminiscent of the Kosciuszko mineralization. Core recovery in Holes DN03-5 to 7 was good, however recovery in the mineralized
sections of Holes DN03-1 to 4 ranged from 25% to 65% only and may have contributed to a reduction in gold-silver values in these holes. Dip angles for Holes DN03-1 to 4 were 45, 55, 65 and 77.5 degrees, respectively; Dip angles for Holes DN03-5 to 7 were 60, 70 and 75 degrees, respectively.
The drill is currently on Pad “D”, testing the area between Pads “A” and “G”. The next pad planned after this is Pad “J”, representing a step-out to the northwest beyond the limits of the observed outcrop of the LG vein into an area covered by talus. . Management of Teuton and Lateegra are highly encouraged by the positive results from the Del Norte exploration to date.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP.
Dino Cremonese, P.Eng.
Teuton Resources Corp
Minvita Enterprises Ltd.
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