November 8, 2013, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) (“TFE”-Frankfurt) (“TEUTF”—OTCBB) announces receipt of drilling results for the 2013 program on its High property, located 60km north of Stewart, in the Golden Triangle region of northwestern British Columbia.
Five, shallow holes were drilled during the summer program testing the upper portion of a hypabyssal porphyry. Drilling of this porphyry in 2012 had intersected 222m grading 0.88 g/t gold beginning 300m down dip (the King Tut zone).
One minor gold-bearing interval was recorded in the first three holes of the 2013 program. This was in Hole 2013-2, from 36.15 to 36.85m, which graded 4.12 g/t gold over 0.7m. Holes #2013-4 and #2013-5, both of which were collared to test a new zone discovered by sampling north of the area of drilling, were terminated short of target depth due to technical difficulties.
All assays were performed by Pioneer Laboratories of Richmond, BC, an accredited facility. The QA/QC protocol system employed during the 2013 exploration program included procedures for monitoring the chain-of-custody of samples and the insertion of blanks and reference standard samples in every batch of samples. The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. Mr. Cremonese, P.Eng., is the President of Teuton Resources Corp. and 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.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
