August 13, 2012, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTC BB) is pleased to report that preparations are under way to begin drilling on its High property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the “Golden Triangle”). The High property adjoins due south of Pretium Resources’ Brucejack property.
A drillsite has been located on a rock island which has newly appeared from under the snow and ice. It is situated 150m south of the boundary line between Teuton’s claims and Pretium Resources’ Brucejack property, and lies west of the southward projection of the Brucejack fault. The newly exposed rock is bisected by a contact between intensely quartz-sericite-pyrite altered coarse fragmental volcanics and highly sheared clastic sediments. Strong fracture coating with moderate pyrite occurs locally. In the southeast corner of the island pervasive malachite (copper oxide) stain was noted. The first drill hole will be directed southeastward to test the extent of this copper-bearing mineralization.
The immediate region is a beehive of exploration activity. Some 3km to the north on the Pretium property, nine drills are currently exploring the high-grade Valley of the Kings zone and satellite deposits. Pretium recently announced (July 31, 2012 news release) a 35.1 foot interval grading 70.3 ounces gold and 46.8 ounces silver per ton at a depth of 652 feet. This is the highest of several multi-ounce gold intervals reported by Pretium in 2011 and 2012. To the northwest of Teuton’s drillsite lies the KSM (Kerr-Sulphurets-Mitchell) property of Seabridge Gold wherein Seabridge is advancing major copper-gold bulk tonnage prospects to the feasibility stage. To the south-southwest, a Hunter Dickinson company is exploring Teuton’s Tennyson copper-gold property and to the south, Rotation Minerals is exploring Teuton’s Four J’s property.
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. Mr. Cremonese has not independently verified the data reported by Pretium Resources.
Respectfully:
“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. does have an ongoing obligation to disclose material information, as it becomes available.
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