November 17, 2014, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”- Frankfurt) (“TEUTF”—OTCBB) is pleased to report that assays for all sixteen holes drilled into the Tuck target at the High property in 2014 have now been received. The High property is located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (southern portion of the “Golden Triangle”).
Results greater than 0.40 g/t gold equivalent (gold and silver at a 74.5:1 ratio) are tabulated below:
|DrillHole||Interval(metres)||Length(metres)||Length(feet)||Gold(g/t)||Silver(g/t)||Gold Equiv. * (g/t)|
|T14-01||6.40 to 14.90||8.50||27.89||1.28||16.00||1.50|
|incl.||10.97 to 14.90||3.93||12.90||2.35||11.91||2.51|
|T14-02||8.23 to 19.81||11.58||38.00||0.38||16.57||0.60|
|T14-03||0.61 to 15.39||14.78||48.49||0.27||9.96||0.41|
|T14-04||1.52 to 17.01||15.48||50.80||0.50||4.15||0.56|
|incl.||13.72 to 14.42||0.70||2.30||4.83||28.00||5.20|
|T14-05||0.61 to 24.38||23.77||78.00||0.39||4.97||0.45|
|incl.||18.90 to 21.64||2.74||9.00||1.22||9.33||1.35|
|T14-06||0.61 to 18.59||17.98||59.00||0.63||7.81||0.73|
|incl.||8.23 to 12.19||3.96||13.00||1.48||25.65||1.82|
|T14-07||1.52 to 16.61||15.09||49.50||0.44||5.36||0.51|
|T14-08||0.61 to 23.74||23.13||75.90||0.42||8.21||0.53|
|T14-10||1.52 to 17.74||16.22||53.22||0.49||3.26||0.53|
|T14-10||9.14 to 11.83||2.69||8.83||1.66||6.21||1.74|
|T14-11||4.27 to 17.98||13.72||45.00||0.49||5.63||0.57|
|T14-12||5.18 to 16.46||11.28||37.00||0.39||6.19||0.48|
|T14-14||14.02 to 19.29||5.27||17.30||0.51||6.86||0.60|
|Based on ratio of 74.5 to 1.0, predicated on current prices for gold and silver|
The holes tested a limited area in the southern portion of the Tuck quartz stockwork zone. True widths are not known. Weather-related and logistical considerations precluded a test of the northern portion of zone (the pictures on the company website are of the northern portion of the zone). This northern area is to be drilled in the 2015 season after preparatory surface work including geological mapping, trenching and rock sampling
D. Cremonese, Eng., President of Teuton commented as follows: “The 2014 drilling confirmed that the Tuck stockwork zone is part of an extensive gold and silver-bearing system. Further work will be required to see if any high-grade structures exist within the broad low-grade rocks. We did not find this high-grade during the limited 2014 program but based on regional considerations we are in the right environment to do so. A much larger program in 2015, targeting the area to the north of that drilled in 2014, is warranted.”
The QA/QC protocol system employed during the 2014 exploration program included procedures for monitoring the chain-of-custody of samples and the insertion of blanks and reference standard samples in every batch of samples. Loring Laboratories of Calgary, Alberta, an accredited facility, performed the analyses. The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as president, is not independent of the Company.
“Dino Cremonese, P.Eng.”
Teuton Resources Corp.
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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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