Teuton drills 106.6 m of 0.59% CuEq at Tennyson

2 Majors interested.. couldnt be a better scenario

2011-12-07 10:38 ET – News Release

Mr. Dino Cremonese reports

TEUTON RESOURCES CORP.:

Teuton Resources Corp. has provided additional results from six holes at its Tennyson copper-gold property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the Golden Triangle).

The holes, all of which returned copper-gold values, are presented in the table.

Drill Interval Width Gold Copper Copper equiv. (i)
hole (metres) (metres) (g/t) (%) (%)

TN11-09 0.5 to 101.5 101.0 0.26 0.32 0.50
TN11-10(1) 0.3 to 149.7 149.4 0.21 0.34 0.49
TN11-11 0 to 119.8 119.8 0.19 0.30 0.43
TN11-12 1.2 to 68.9 67.7 0.21 0.30 0.45
TN11-13 98.1 to 158.1(2) 60.0 0.14 0.22 0.32
TN11-14 54.6 to 161.2(3) 106.6 0.24 0.42 0.59

(i) Based on $1,350 per ounce per ton gold and $3.45 pound copper,
metallurgical recoveries assumed to be 100 per cent. All widths
drill indicated only.
(1) Partial results only
(2) Ice from zero to 35.4 m
(3) Ice from zero to 54.6 m
Given that the vertical hole from pad No. 3, hole TN11-13, first encountered copper mineralization at 98 m downhole (the first 35.4 m was ice), it appears that the zone is curving to the west. The zone remains open to the west and mineralogical indications suggest that this may be the direction toward the centre of the porphyry copper-gold zone. Hole TN11-14, the most western of the holes drilled to date, returned the highest grade of the six holes reported above: 106.6 m of 0.59 per cent copper equivalent. Further drilling is planned from pad No. 4 in 2012, which lies to the west along the azimuth of TN11-14.

The 14 holes drilled in 2011 have extended copper-gold mineralization for approximately 450 metres along strike from the downward expression of the mineralization in hole TN11-03 to that in TN11-14.

Two holes remain to be assayed from the 2011 program.

Dino Cremonese, PEng, president of the company, stated: “Drilling at Tennyson in 2011 was highly successful. We have proven 450 metres of continuity to the copper-gold system and have shown that we can drill through the ice. All holes encountered copper-gold mineralization ranging from 0.32 to 0.67 copper equivalent. If the zone continues westward then this is a real plus, because the ice only extends another 350 to 400 m in that direction. Beyond that point is snow-covered rock changing to bare rock at higher elevations.”

The company is also pleased to report that a major mining concern with operating mines in North America has approached Teuton regarding the Tennyson property and that a confidentiality agreement has been signed. Representatives of this concern have made three visits to Stewart to examine Tennyson core, the most recent occurring a week ago. Representatives from an Asian copper smelter have also approached the company regarding the property.

The quality assurance/quality control protocol system employed during the 2011 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. Loring Laboratories of Calgary, Alta., an accredited facility, performed the analyses. The qualified person for the purposes of this news release is D. Cremonese, PEng.

We seek Safe Harbor.

December 7th, 2011
Categories: Uncategorized . Author: caliche