Teuton Resources Corp. (“TUO”) (“Teuton”) is pleased to announce that its Treaty Creek and Bonsai properties, located in the Eskay Creek region of northwestern British Columbia, are to be drilled within the coming weeks. Heritage Explorations Ltd. (“Heritage”), which presently owns an option to earn a 50% interest in each of the Treaty Creek and Bonsai properties, has informed the Company that a drilling contract has been awarded to Advanced Drilling Ltd. of Surrey, British Columbia.
Heritage has in the past three years consolidated and explored a large land position around the Eskay Creek Mine, assisted by the use of a 3D modeling program developed by award- winning Fractal Graphics of Perth, Australia. An initial 15 hole drill program is planned by Heritage on various targets identified within its holdings. Six of the 15 holes are on ground optioned from Teuton.
On Teuton’s Bonsai claims, adjoining due west of the Eskay Creek Mine property, three holes are planned to test a 300 meter thick rhyolite-sediment horizon, the same package that hosts the Eskay Creek Mine mineralization. Previous surface sampling by Teuton crews within this horizon identified anomalous gold-arsenic-mercury mineralization. On Teuton’s Treaty Creek claims, located 15 km east of the Eskay Creek Mine, three holes are planned to test six gold and silver-bearing shear zones.
The 2003 exploration program will be carried out under the supervision of Heritage Exploration Manager, Mr. Gerry Bidwell, P. Geo., who is a qualified person (as defined in National Instrument 43-101) with more than 30 years of experience in the mining industry
Along with the Clone and Del Norte properties, Teuton now has four properties in the Stewart-Eskay Creek region which are now being drilled or will be drilled in September, 2003, all of which work is being funded by optionees. Aggregate 2003 exploration requirements by the optionees for the four properties amounts to $900,000.
ON BEHALF OF THE BOARD
Dino Cremonese, P.Eng.
Teuton Resources Corp
Minvita Enterprises Ltd.
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