August 2, 2011, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V)(“TFE”-Frankfurt)(“TEUTF”-OTC BB) is pleased to announce that it has begun drilling on its Tennyson copper-gold property, located north of Stewart in northwestern British Columbia.
The aim of the 2011 program is to extend mineralization found in previous work done in 1992 and 2010. Three holes were drilled in 1992 and three in 2010, all from a single rock island situated in the middle of the snow and ice. All holes encountered intercepts of copper-gold mineralization ranging from 210 to 348 feet, with grades ranging from 0.29 to 0.34% copper and 0.22 to 0.38 g/t gold.
Four additional holes have been drilled in 2011 from the same rock island, searching for continuation of the mineralization. A fifth hole is now under way from a second drill pad constructed some 360 feet to the north. This area, emerging from under the snow and ice for the first time, forms another rock island and is marked by abundant malachite stain (weathering product of copper-bearing sulfides).
Prospecting of the High property to the north of the Tennyson and immediately south of Pretium Resources’ Brucejack property is continuing, in preparation for a drill campaign to start later in August. Assays received a few days ago indicate that a new gold-bearing zone may have been found on the property. The last three samples from a traverse recorded values of 1.6, 4.1 and 5.9 g/t gold from a talus field of angular boulders. Follow-up is under way.
The Qualified Person for the purposes of this News Release is D. Cremonese, P.Eng.
“Dino Cremonese, P.Eng.”
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. Teuton Resources Corp. has an ongoing obligation to disclose material information, as it becomes available.