Oct. 3, 2011, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTC BB) is pleased to announce additional results from the 16-hole program recently completed at its Tennyson copper-gold property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the “Golden Triangle”).
Technical details from Holes TN11-7 and 08 are presented in the table below:
|Drill Hole||Interval (metres)||Width (metres)||Gold (g/t)||Copper (%)||Copper Equiv. *(%)|
|TN11-07||0.6 to 126.5||125.9||0.27||0.40||0.62|
|TN11-08||3.1 to 106.7||103.6||0.31||0.42||0.67|
|*Based on $1645 oz/ton gold and $3.00 lb. copper, metallurgical recoveries assumed to be 100%. All widths drill indicated only. .|
Brief descriptions of the two holes follow:
TN11-07—Drilled from Pad#2 out under the ice at a dip of 35 degrees in the direction of Pad#3 (see drill plan map filed with News Release dated Sept. 28, 2011—www.teuton.com).
TN11-08—Drilled from Pad#2 at a dip of 33 degrees on a line aiming just south of Pad#1.
D. Cremonese, P.Eng., President of the Company, stated: “All holes drilled to date at the Tennyson have intersected significant copper-gold mineralization, with the latest two holes having the highest copper grades seen to date. Results from the remaining eight holes are eagerly anticipated.”
The remaining holes of the program have all been logged and are awaiting diamond sawing before shipment to the lab. Results will be announced when ready.
The QA/QC protocol system employed during the 2011 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. Loring Laboratories of Calgary, Alberta, an accredited facility, performed the analyses. The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng.
“Dino 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. Teuton Resources Corp. has an ongoing obligation to disclose material information, as it becomes available.
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