Teuton Resources Corp. (“TUO” TSX-V, “TFE”- Frankfurt ”) (“Teuton”) is pleased
to announce the start of drilling on the newly discovered JK copper zone on the Leduc Silver property, situated north of the formerly producing Granduc copper mine in the
Stewart region of northwestern British Columbia.
The Leduc Silver property surrounds a large group of Crown-granted claims covering the formerly producing Granduc copper mine, a 100% interest in which was purchased by Bell Resources Corporation (“ Bell ”) in 2004. In 2005, Bell optioned Teuton’s Leduc Silver property in order to control potential strike and down-dip extensions of the Granduc copper mineralization beyond the boundaries of the core claims. Bell can earn a 60% interest in the Leduc Silver property by spending $1.5 million over 5 years.
The JK Zone lies 1.3 kilometres north along strike of the historical Granduc copper deposits and, according to Bell geologists, may represent a northerly continuation of that mineralization. Notably, host rocks of the JK Zone are similar to the rocks in Unit 3v1 of the Granduc Mine Series, which hosted most of the Granduc ore.
Ongoing exploration by Bell in 2005-6 supports the hypothesis that the original Granduc copper deposits may be part of a Besshi-style VMS system which extends well beyond the original mine workings. Granduc-type copper mineralization has now been identified at various points along a postulated 4km strike length. Bell ‘s efforts to expand the limits of this large system to the north and south are continuing.
The Leduc Silver is the fourth Teuton property in the Stewart region to be tested by drilling during the 2006 field season. Others currently being drilled or awaiting assays are the Del Norte (optioned to Sabina Silver), the Clone (optioned to Canasia Industries) andthe Tonga (joint ventured with Silver Grail).
D. Cremonese, P.Eng., is the Qualified Person for Teuton Resources Corp. in regard to
data presented in this News Release
“D.Cremonese, P.Eng.”, President
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.The TSX Venture Exchange does not accept responsibility for the accuracy or the adequacy of this release.