Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that complete results have now been received for the 2010 drilling program on the Company’s wholly-owned Tennyson property, located 6km due west of the former Granduc Mine millsite and 50km by road north of Stewart, BC. Altogether 11 holes were drilled.
A variety of targets were tested in the 2010 program, one of which was a zone of porphyry-type, gold-copper mineralization surrounded by snow and ice located in the northwestern quadrant of the core claims.
Three holes into this area all encountered encouraging gold-copper grades as follows:
|Drill Hole||Interval (metres)||Length (metres)||Length (feet)||Gold (g/t)||Copper (%)||Gold Eqiv.* (g/t)|
|TN10-04||0 to 106.07||106.07||348.0||0.22||0.29||0.77|
|TN10-05||0 to 88.39||88.39||290.0||0.25||0.32||0.86|
|TN10-06||0 to 71.93||71.93||252.0||0.25||0.32||0.86|
|*Based on $1307 per oz/ton gold and $3.63 per lb copper.|
D. Cremonese, P.Eng., President of the Company, stated: “We are very pleased with the copper and gold results obtained, especially considering that we were only able to drill from a small rock island. In next year’s program we intend to step out onto the snow and ice and hopefully we will see greater widths to the mineralization. The grade is already within the lower range of the very large tonnage gold-copper deposits located to the north, such as at the Mitchell and Iron Cap zones of Seabridge Gold. We could potentially be sitting on the edge of such a deposit, but much more work will be necessary to prove it.”
Further drilling on the property tested a range of bulk tonnage situations to the south of the porphyry zone. One of these holes, TN10-3, returned an interval from 49.99m to 63.70m, 13.71m in total, averaging 1.66 g/t gold. Several of the remaining holes had long sections of anomalous gold. True widths are not known at this time.
The QA/QC protocol system employed during the 2010 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. Pioneer Laboratories of Richmond, BC., an accredited facility, performed the analyses
D. Cremonese, P.Eng., is the Qualified Person for the purposes of this news release.
“Dino Cremonese, P.Eng.”
President Teuton Resources Corp.
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