Teuton Resources Corp. (“Teuton”) (“TUO”:TSX–V; “TFE”-Frankfurt) is pleased to announce that drilling has commenced at its Orion property, located 48 kilometers north of the deepwater port of Stewart, British Columbia.
The Orion property lies near the center of a 20 km long band of wholly-owned Teuton properties stretching north from the Granduc copper property of Bell Resources to the gold-copper, Kerr-Sulphurets property of Seabridge Gold. The local area is one of the most active exploration centers in British Columbia, with several drill programs in excess of 9,000 metres under way.
Several elements of the classic Eskay Creek stratigraphy are present on the Orion property, including rhyolites of the Mt. Dilworth Formation overlain by carbon-rich sediments of the Salmon River Formation. The principal, “Cat-in-the-Hat” showing features gold-bearing arsenopyrite mineralization occurring both as veinlets and as fracture fillings in the host rock, a brecciated and flow-banded rhyolite. Trenching of this showing in 1996 returned a weighted average grade of 2.2 g/t gold over a 13 metre width.
Altogether 4 drills are currently testing Teuton targets throughout the Stewart region: two at the Treaty Creek property, one at the Fiji property and one at the Orion property. At Treaty Creek, under option to American Creek Resources, glacial retreat has recently exposed two well-mineralized areas, the Copper Belle and ND zones, both of which are now being drilled. At the Fiji property, gold-silver and copper-lead-zinc mineralized structures discovered in 2006 are also being drilled.
Assays from the recently completed drill program at Teuton’s Del Norte-Midas property, under option to Sabina Silver, are awaited.
D. Cremonese, P.Eng. is the Qualified Person for Teuton in regard to technical information contained in this press release. Further information regarding the property can be found at the Company’s website, www.teuton.com.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP
“Dino Cremonese, P.Eng.”
Dino Cremonese, P.Eng.
President
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. does have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
