Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has received preliminary results from the airborne survey flown over its Yellow Chris and Red Chris South properties, located north and south respectively of the Imperial Metals’ Red Chris property southeast of Iskut, BC.
On the Yellow Chris property five discrete, circular to ovate magnetic highs have been discovered which are interpreted as signaling intrusive bodies (see accompanying map). As well, two EM anomalies running in a west-east direction were detected in the lower eastern quadrant of the survey area.
On the Red Chris South property, two half-circle magnetic highs were discovered truncated by the edge of the survey area. One of these highs apparently extends north into the Imperial Metals’ ground and the other extends west (still within Teuton’s ground) into an unsurveyed area.
Additional airborne geophysical surveys are planned. Soil sampling programs are also scheduled to cover all areas interpreted as being underlain by intrusives.
Imperial Metals recently reported an update to its Red Chris feasibility study indicating reserves of over 300 million tonnes grading 0.359% copper and 0.274 g/t gold hosted within an intrusive body.
D. Cremonese, P.Eng., is the Qualified Person for the purposes of this news release.
“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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