September 17, 2013, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTC BB) announces that prospecting at its High property has located high-grade gold in the King Tut zone. Reconnaissance samples taken by Company personnel, including samples taken by a mountaineer using ropes, have uncovered several new areas of interest. In particular, the UH (“Upper High”) series has returned outstanding gold values. All ten grab samples from this series are reported below:
|Sample Name||Lead (Pb) %||Zinc (Zn) %||Silver(Ag) g/t||Gold (Au) g/t||Gold(Au) oz/ton|
The UH series gold mineralization is hosted in quartz vein stockworks within pervasively altered chlorite-sericite andesitic volcanic and volcaniclastic rocks that contain 10-20% disseminated pyrite, 1-3% galena, and 1-7% sphalerite accompanied by minor tetrahedrite. The low gold-silver ratio varying from about 1:1 to 1:4, suggests that the precious metals may be partially in the form of electrum, although this will have to be confirmed by petrographic studies.
The drill program on the High property is now finished. Core has been diamond sawed and was very recently sent out for analysis. Results are expected in about a month.
The High property is located immediately south of Pretium Resources’ Brucejack property which hosts the high-grade gold Valley of the Kings zone. It is approximately 60km north of Stewart in the Golden Triangle region of northwestern British Columbia.
The Qualified Person for the purposes of this news release was D. Cremonese, P.Eng. All samples were analysed by Pioneer Labs, an accredited facility, in Richmond, BC.
“Dino Cremonese, P.Eng.”
President, Teuton Resources Corp.
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