Teuton Resources Corp. (“TUO”) (“Teuton”) is pleased to announce initial assay results from the first two holes of the 2005 drill program on the Del Norte property, situated in the Stewart-Eskay Creek Mining District, British Columbia. Bonanza silver and gold grades of 110.3 oz/ton silver and 2.08 oz/ton gold over 2.8 feet as a central core within a broader intersection of continuous mineralization are summarized as follows:
|* Based on 60:1 ratio between current gold and silver prices|
Ten drill holes, totaling 4,600 feet have been completed at Del Norte. The program was funded by Sabina Silver Corporation (” SBB “) (“Sabina Silver), according to terms of a recently signed option agreement whereby Sabina Silver can earn up to a 65% interest by spending $2.5 million on the property over the next four years and taking the project to a feasibility study (previously reported Oct. 3, 2005).
The 2005 program was drilled under Teuton’s direction to test the extension of the K-LG vein system beyond the limits of the 2004 drilling. Hole DN05-02 successfully encountered the vein approximately 150 feet south along strike beyond the pierce point of the last hole drilled in 2004 (DN04-36 which returned 28.2 feet of 0.222 oz/ton gold equivalent: see News Release dated Oct. 20, 2004). True widths are unknown at this point.
Hole DN05-01, drilled from the same collar and at the same azimuth as DN05-02, also encountered the vein at a depth of 77 feet vertical. No significant values were encountered at this shallow level.
Assays for the remaining holes are currently being processed and will be announced when complete. An airborne geophysical survey of the Del Norte Project was also recently completed and results are pending.
D. Cremonese, P.Eng., is the Qualified Person for Teuton in charge of the 2005 program on the Del Norte property. Pioneer Laboratories of Richmond, B.C., an accredited facility, is in charge of analyzing the Del Norte core. Harvey Klatt, P. Geo., Qualified Person for Sabina has reviewed the technical data and approved its dissemination in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Dino Cremonese, P.Eng.
President and Director Teuton Resources Corp
Minvita Enterprises Ltd.
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