September 16, 2014, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTCBB) is pleased to announce an update on drilling activity at both its High and Del Norte properties situated near Stewart in the Golden Triangle region of northwestern British Columbia.
Drilling at the Tuck zone on the High property, located 50km north of Stewart, BC, is now complete. Altogether 16 holes were drilled into the zone, the majority at relatively shallow depth, with lengths ranging from approximately 23 to 170 metres. The 2014 drill program was designed to target higher grade areas within the southwest portion of the Tuck zone as indicated by increased sulfide content, consistent with results from surface sampling. All 16 holes successfully encountered broad intersections of Tuck zone altered rocks (quartz stockwork, jarosite staining and sericite alteration) and some contained sections with massive to semi-massive, very fine-grained pyrite.
Core from the Tuck drill program is presently in Stewart and is being logged and diamond sawed. Assays are expected within 4-5 weeks.
Continued prospecting over the High property has led to the discovery of a heavily altered gossan situated 1.5 kilometers to the northeast of the drilling area. This new zone shares many of the characteristics of the Tuck zone and may be related to it. Positive sample results would further qualify this newly discovered zone as an ideal candidate for drilling in the 2015 season. This would be in addition to follow up 2015 drilling planned for an area 200 metres to the north of the 2014 Tuck zone drilling, expected to be more widely exposed as the prevailing ice and snow cover continues to melt back.
The drill has now been mobilized to the Del Norte property and is currently on the second hole at that property. The first hole targeted the depth expression of a mineralized zone trenched in the early 1990’s which returned a grade of 0.388 oz/ton gold (13.3 g/t gold) across 6 metres (this interval represents only a portion of the zone width). Galena has been identified intermittently in a large section of the first hole (>30 metres) along with sporadic occurrences of tetrahedrite. Ruby silver (pyrargyrite) was also identified in two localities.
Photographs of core from both the High and Del Norte properties will be available for viewing on the company website, www.teuton.com, by this weekend.
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng., who, as president, is not independent of the Company.
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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