Teuton Resources Corp. (“Teuton”) (“TUO”:TSX–V; “TFE”-Frankfurt) is pleased to announce final 2006 drill results from the Del Norte property, located 30 km east of the deep-water port of Stewart, British Columbia.
High grade gold and silver values of up to 26.54 grams per tonne (g/t) gold (0.77 ounce per ton) and 1,208 g/t silver (35.2 ounces per ton) over 1 metre were intersected at depth in the new SP vein. Grab samples from the SP vein on surface returned values of up to 3,910 g/t silver (114 ounces per ton) and 19.5 g/t gold (0.57 ounces per ton).
Two current holes designed to test southward continuity of high-grade silver and gold values in the LG vein-K zone area structure encountered last year in Hole 2005-02 were abandoned before reaching target depth due to complications arising from the glacierborne drilling platform. The high grade zone (114 oz/ton silver and 2.0 oz/ton gold over 2.8 ft; reported Nov. 21, 2005 ) remains to be tested further in a future exploration program.
Complete results from the 11 holes drilled on the Del Norte property are as follows:
|Hole (SDN-)||Zone||From (meters)||To (meters)||Interval (meters)||Silver (g/t)||Gold (g/t)||TWF*|
*TWF True Width Factor 1 metre = 3.28 feet 1 g/t = 0.029 oz/ton NC – Not completed; abandoned due to technical issues;
NSV-no significant values; blank; u/k – unknown
The 2006 program was financed and operated by Sabina Silver Corporation (“Sabina”). Sabina has an option to earn a 50% interest in the Del Norte property by spending $2.5 million in exploration. Sabina may increase its interest to 65% by taking the property to the feasibility stage.
Commenting on the 2006 program, Abraham Drost, P. Geo, President of Sabina Silver said: “Establishing a continuum between silver and gold rich-vein breccia type mineralization at Del Norte and precious metal-enriched exhalative mineralization typifying the Eskay Creek deposit remains a priority for a 2007 exploration program at Del Norte”.
Pioneer Laboratories of Richmond, British Columbia, an accredited facility, performed all of the analyses. A quality control/quality assurance protocol was used in this program including blanks, duplicates and reference standards. Harvey Klatt, P.Geo. is the Qualified Person for Sabina in charge of the 2006 drilling program.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP.
“Dino Cremonese, P.Eng.”
Dino Cremonese, P.Eng.
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. Silver Grail Resource Ltd. And Teuton Resources Corp. do have an ongoing obligation to disclose material information, as it becomes available.
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