Brigade Drills 205 metres of 0.465% Cu Equiv. at Tennyson

December 16, 2013,  Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTC BB) is pleased to announce that it has received assay results for the 16-hole, multi-million dollar drill program conducted on the Tennyson property this year by Brigade Resources (“Brigade”), a private Hunter Dickinson company.  Various targets on the property were tested, including the main porphyry copper-gold zone drilled by Teuton in 2010-11 and a subsidiary zone (the “skarn zone”) located 700m to the southeast.

Highlights of drilling include:

  • 205.54m of 0.227 g/t Au and 0.300% Cu (0.465% Cu Equivalent*) in TN13-09 (main zone)
  • 103.62m of 0.129 g/t Au and 0.246 Cu (0.335% Cu Equivalent*) in TN13-12 (skarn zone)

Hole TN13-09 was collared vertically about 200m southwest of the northwest-trending axis of drilling in 2011.  Holes TN13-02, 03A, 04A, 05, 06, and 07 tested the potential of the main porphyry copper-gold zone in the area south and southwest of the 2011 drilling (see accompanying map for drill collar locations).  A tabulation of significant results from the 2013 drilling program is presented below:

 

Drill
Hole

Interval
(metres)

Length
(metres)

Silver
(g/t)

Gold
(g/t)

Copper
(%)

Copper Equiv. *
(%)

TN13-02

1.76 to 18.90

17.14

1.1

0.157

0.295

0.407

 

61.61 to 134.36

72.75

5.5

0.170

0.249

0.420

incl.

110.06 to 118.46

8.40

1.6

0.250

0.496

0.674

 

143.90 to 171.34

27.44

1.1

0.091

0.175

0.245

 

183.54 to 311.59

128.05

1.3

0.256

0.388

0.565

incl.

247.56 to 280.11

32.55

2.3

0.537

0.686

1.054

 

323.78 to 332.93

9.15

0.6

0.556

0.023

0.384

TN13-03a

64.01 to 97.56

33.55

8.0

0.417

0.157

0.513

 

112.80 to 128.05

15.25

1.8

0.227

0.241

0.406

 

164.63 to 246.95

82.32

1.0

0.217

0.216

0.365

Incl.

164.63 to 207.32

42.69

1.1

0.292

0.254

0.452

TN13-04a

90.24 to 96.34

6.10

10.8

2.21

0.021

1.550

 

154.27 to 190.58

36.31

1.4

0.401

0.035

0.306

TN13-05

114.30 to 245.543

131.13

2.6

0.192

0.173

0.325

Incl.

126.49 to 163.07

36.58

6.8

0.251

0.196

0.433

TN13-06

312.50 to 330.79

18.29

0.7

1.367

0.026

0.903

TN13-07

325.91 to 414.33

88.42

1.9

0.199

0.188

0.336

Incl.

344.21 to 380.79

36.58

2.7

0.208

0.287

0.450

 

447.87 to 478.35

30.48

0.8

0.201

0.167

0.304

 

493.60 to 524.09

30.49

0.4

0.102

0.185

0.253

 

533.23 to 547.68

14.45

0.3

0.095

0.215

0.279

TN13-09

46.90 to 252.44

205.54

1.8

0.227

0.300

0.465

Incl.

69.51 to 81.71

12.20

4.5

0.334

0.783

1.046

Incl.

148.78 to 191.46

42.68

2.1

0.361

0.473

0.727

 

261.15 to 273.78

12.63

0.7

0.071

0.262

0.315

TN13-12

36.58 to 140.20

103.62

0.6

0.129

0.246

0.335

Incl.

95.19 to 115.82

20.63

1.1

0.198

0.538

0.677

*Metal Prices:  Cu=$US 2.75/lb, Au= $US 1,200/oz, Ag=$US 21.35/oz.  Copper Equivalent = Cu % + (Au g/t x 38.58/60.63) + (Ag g/t x 0.686/60.63)

 

An additional eight holes were drilled during the program but did not encounter significant mineralization.  These include four holes on a target located about 1.5km north of the main porphyry copper-gold zone (Holes TN13-11, 13, 14 & 15); two holes collared about 200m northeast of the main porphyry copper-gold zone on the other side of a major fault (Holes TN13-08 and 10); and, two holes peripheral to the skarn zone mineralization (TN13-01 and 16).

The area west of a hole drilled in 2011 by Teuton (#TN11-14), which ran 106.6m of 0.24 g/t gold and 0.42% Cu (0.57% Cu Equiv.*), is considered by Teuton geologists to be a prime area for further work.  This area was not tested during the 2013 program.

In September of 2013, Teuton sold its remaining interest in the Tennyson property to Brigade Holdings Ltd. (“Brigade”) for $7 million, being $500,000 plus $6.5 million in subscription receipt units (shares and warrants) of Brigade.  When Brigade becomes a public company, these subscription receipt units will be converted into shares and warrants of Brigade, with Teuton holding a 29% interest in Brigade.  Brigade currently owns 100% of the Tennyson property plus the adjoining Tide property.

Brigade has informed Teuton that it does not plan any further work on the Tennyson property and talks have begun between Teuton and Brigade which may see a return of the property to Teuton in return for relinquishment of the subscription receipt units.

The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as President and CEO,  is not independent of the Company.  Mr. Cremonese has not independently verified the assays, sampling protocol, or QA/QC procedures used by Brigade, but believes them to be accurate and in conformance with industry standards.

“Dino Cremonese, P.Eng.”

President

Teuton Resources Corp.

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