August 22, 2013, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTCBB) is pleased to announce that a diamond drill program is underway on its High property, located 60km north of Stewart, in the Golden Triangle region of northwestern British Columbia.
The drilling program will concentrate on near surface mineralization in the King Tut zone, situated 150m south of the border between Teuton’s High property and Pretium Resources’ Brucejack-Snowfield property, the latter featuring the exceptionally high-grade gold Valley of the Kings zone. On July 23, 2013 Pretium Resources announced discovery of another high-grade structure in the Valley of the Kings, the Cleopatra vein, from which one drill intersection reported 5.8m grading 2,567 g/t gold (19.0 feet of 74.88 oz/ton gold). A map showing the King Tut in relation to surrounding properties and mineral deposits/zones accompanies this release (see map).
Assay samples from an initial 15 grabs taken from the King Tut zone in 2013 returned values ranging from 120 to 11,820 ppb gold. Many of the samples were accompanied by elevated values in copper (58 to 2,538 ppm), lead (61 to 7,998 ppm) and zinc (54 to 7,529 ppm). The assemblage of elements in these samples is much different from last year’s single hole into the King Tut which ran 222m grading 0.88 g/t gold, suggesting a different mineralizing event. Assays from further samples taken in the vicinity from stockwork type mineralization are awaited.
The drill is currently on the third hole of the program. Blackhawk Drilling out of Smithers, BC is the contractor.
Yellow Chris claims
Geochemical soil sampling results have also been received from reconnaissance lines emplaced over magnetic anomalies on Teuton’s unoptioned Yellow Chris claims, located east of the Colorado Resources North ROK copper-gold discovery. Of 240 samples taken, values ranged from 4 to a very high 1,002 ppm copper. A crew will return to the claims shortly to construct grids around all copper anomalies for further soil sampling.
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. All assays were performed by Pioneer Laboratories of Richmond, BC, an accredited facility.
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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