Marketwire
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 17, 2013) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO) (FRANKFURT:TFE)(OTCBB:TEUTF) announces that prospecting at its High property has located high-grade gold in the King Tut zone. Reconnaissance samples taken by Company personnel, including samples taken by a mountaineer using ropes, have uncovered several new areas of interest. In particular, the UH ("Upper High") series has returned outstanding gold values. All ten grab samples from this series are reported below:
| Sample Name |
Lead (Pb)
% |
Zinc (Zn)
% |
Silver (Ag)
g/t |
Gold (Au)
g/t |
Gold (Au)
oz/ton |
| UH-1 |
1.06 |
3.90 |
54.1 |
21.8 |
0.636 |
| UH-2 |
1.14 |
6.50 |
54.8 |
15.5 |
0.452 |
| UH-3 |
0.32 |
2.00 |
26.4 |
20.4 |
0.595 |
| UH-4 |
2.42 |
3.80 |
86.0 |
21.5 |
0.627 |
| UH-5 |
1.59 |
3.70 |
75.0 |
62.9 |
1.835 |
| UH-6 |
1.06 |
5.90 |
46.1 |
13.5 |
0.394 |
| UH-7 |
0.54 |
1.40 |
18.2 |
4.80 |
0.140 |
| UH-8 |
0.31 |
2.80 |
23.1 |
15.6 |
0.455 |
| UH-9 |
1.68 |
5.30 |
72.0 |
16.7 |
0.487 |
| UH-10 |
0.45 |
4.80 |
26.1 |
10.5 |
0.306 |
The UH series gold mineralization is hosted in quartz vein stockworks within pervasively altered chlorite-sericite andesitic volcanic and volcaniclastic rocks that contain 10-20% disseminated pyrite, 1-3% galena, and 1-7% sphalerite accompanied by minor tetrahedrite. The low gold-silver ratio varying from about 1:1 to 1:4, suggests that the precious metals may be partially in the form of electrum, although this will have to be confirmed by petrographic studies.
The drill program on the High property is now finished. Core has been diamond sawed and was very recently sent out for analysis. Results are expected in about a month.
The High property is located immediately south of Pretium Resources' Brucejack property which hosts the high-grade gold Valley of the Kings zone. It is approximately 60km north of Stewart in the Golden Triangle region of northwestern British Columbia.
The Qualified Person for the purposes of this news release was D. Cremonese, P.Eng. All samples were analysed by Pioneer Labs, an accredited facility, in Richmond, BC.
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.