here it isTeuton intersects 2.357 oz/t Au over 27.8 ft at Clone
Minvita Enterprises Ltd MVE
Shares issued 8,342,121 Sep 30 2003 close $ 0.16
Thursday October 2 2003 News Release
See Teuton Resources Corp (C-TUO) News Release
Mr. Dino Cremonese, representing Teuton and Minvita, reports
27.8 FEET OF 2.357 0Z/TON GOLD INTERSECTED ON CLONE PROPERTY
Teuton Resources and Minvita Enterprises have released initial drilling results from a recently completed program on the Clone gold property, located southeast of Stewart, B.C. Gold values from diamond drill hole No. CL-03-2 are as follows:
From To Int. Gold
(ft) (ft) (ft) (oz/t)
14.8 19.4 4.6 0.540
19.4 23.6 4.2 1.422
23.6 29.2 5.6 0.601
29.2 31.8 2.6 6.131
31.8 33.5 1.7 3.202
33.5 38.0 4.5 6.950
38.0 42.6 4.6 0.173
14.8 42.6 27.8 2.357
Altogether, eight holes were drilled during the 2003 program. DDH No. CL-03-02 is the only hole to be fully logged, split and assayed. It is expected that core samples from the remaining drill holes from the 2003 Clone program will be sent in for assay within one week.
The Clone property is under option to Lateegra Resources, which can earn a 50-per-cent interest in the property by spending $1.5-million in exploration over a four-year term. As part of its property due diligence, Lateegra requested that the first two holes of the 2003 program be positioned in an attempt to confirm historical results from two of the 140 holes drilled on the property during the period from 1995 to 1997. DDH No. CL-03-02 was sited close to the collar of, and with the same dip and attitude as, DDH No. 110 (drilled in 1996), which returned 32.9 feet grading 1.28 ounce per ton gold. The remaining six holes of the 2003 program tested three separate targets on the Clone property.
Pioneer Laboratories of Richmond, B.C., an accredited facility, performed all of the analyses. Alex Walus, PGeol, is in charge of the 2003 field program and is a qualified person as defined by National Instrument 43-101. Mr. Walus has 15 years of experience exploring the Stewart region.
Results from seven holes awaited at Del Norte
Seven holes have been completed from two pads separated by 750 feet on the Del Norte property. All seven holes intersected the LG vein at various depths, with the deepest intersection occurring in DDH No. DN-03-07 at 472 feet. Core samples from all seven holes are presently undergoing analysis and results are expected before the end of the next week.
Drilling is continuing on a third pad situated south of the first two pads, in the direction of the Kosciuszko zone. Grids for geophysical surveys have been laid out over both the LG and Horatio zones, and geophysical surveying has been initiated on the Horatio zone. After completion of these surveys, the drill will be moved to test targets in the Horatio zone, where recent sampling has shown massive sulphide mineralization carrying values up to 36.43 ounces per ton silver and 3.457 ounces per ton gold (seeTeuton news in Stockwatch dated Sept. 11, 2003).
The Del Norte property is situated 21 miles east of Stewart and is 100 per cent owned by Teuton Resources. Lateegra Resources has an option to earn a 50-per-cent interest in the property from Teuton by carrying out $3-million in exploration on the property over a five-year term.
(c) Copyright 2003 Canjex Publishing Ltd. https://www.stockwatch.com