Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has farmed out its Four J’s property, located in the Stewart region of northwestern British Columbia, to Rotation Minerals Ltd. (“Rotation Minerals”).
Since first staking in 1983 by Teuton, the Four J’s property has had about a million dollars spent on it by various optionees. In 2006 an airborne survey commissioned by Teuton disclosed a sharp geophysical anomaly under thin ice cover. The anomaly lies about 400m from two embayments in the ice from which prominent float boulder trains originate. Six samples taken in 1985 from the float trains averaged 24.5 oz/ton silver, 0.047 oz/ton gold, 0.59% zinc and 28.1% lead.
Nearby a showing of exhalative-type lead-zinc mineralization (Main zone), featuring very fine-grained galena, sphalerite, bournonite and pyrite, occurs. This showing has been followed toward the ice, where it disappears under talus, and has not yet been drilled. About 500m to the north, two holes drilled by optionee Maple Resources in 1990 investigating a soil gold geochem anomaly returned intersections grading 23.5ft of 0.069 oz/ton and 32.3 ft. of 0.078 oz/ton gold.
Rotation Minerals can earn a 50% interest in the property by paying $180,000 and incurring exploration expenditures of $1,800,000 over the four year term of the option. The first year commitment calls for a $20,000 down payment and $250,000 worth of work. Rotation Minerals has another option to earn another 20% interest by carrying the property to feasibility.
Rotation Minerals is a Stewart-based company run by Randy Kasum and E. R. Kruchkowski, P. Geo. It is presently a private company but plans to go public shortly.
D. Cremonese, P.Eng., is the Qualified Person for the purposes of this news release.
“Dino Cremonese, P.Eng.”
Teuton Resources Corp.
If you would like to be added to Teuton’s news distribution list, please send your email address to firstname.lastname@example.org.
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. has an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.