Teuton Resources Corp. ("Teuton") ("TUO") (TSX VENTURE:TUO - News; FRANKFURT:TFE - News) is pleased to announce
that it has received preliminary results from the airborne survey flown over
its Yellow Chris and Red Chris South properties, located north and south
respectively of the Imperial Metals' Red Chris property southeast of Iskut, BC.
On the Yellow Chris property five
discrete, circular to ovate magnetic highs have been discovered which are
interpreted as signaling intrusive bodies (see accompanying map). As well,
two EM anomalies running in a west-east direction were detected in the lower
eastern quadrant of the survey area.
On the Red Chris South property, two
half-circle magnetic highs were discovered truncated by the edge of the
survey area. One of these highs apparently extends north into the Imperial
Metals' ground and the other extends west (still within Teuton's
ground) into an unsurveyed area.
Additional airborne geophysical surveys
are planned. Soil sampling programs are also scheduled to cover all areas
interpreted as being underlain by intrusives.
Imperial Metals recently reported an
update to its Red Chris feasibility study indicating reserves of over 300
million tonnes grading 0.359% copper and 0.274 g/t
gold hosted within an intrusive body.
D. Cremonese, P.Eng.,
is the Qualified Person for the purposes of this news release.
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. has an ongoing
obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither
approved nor disapproved the information contained herein.
Contact:
Dino Cremonese, P.Eng.
Teuton Resources Corp.
President
(604) 682-3680 or Toll Free: 1-800-879-2333
(604) 682-3992 (FAX)
www.teuton.com |