Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that the Company has commenced a drilling program on its wholly-owned Tennyson property, located 6km due west of the former Granduc Mine millsite and 50km by road north of Stewart, BC.
The Tennyson property was first staked in 1984 after meltback of snow and ice exposed a prominent gossan (area marked by pervasive red-brown colour due to oxidation of minerals). A subsequent soil geochemical program carried out over the 500 by 700m large gossan revealed an area highly anomalous in copper and gold.
In 2009 two holes were drilled near the southwest corner of the gossan, one of which returned an intersection running 19.8m of 2.0g/t gold. The 2010 drilling will test for extensions of this mineralization.
Also to be tested is a zone of porphyry copper-gold mineralization discovered in 1992 in the extreme northwestern area of the gossan. Drilling in that year resulted in three holes with copper-gold intersections, the best of which ran 99.1m grading 0.33% copper and 0.35 g/t gold.
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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