Teuton Resources Corp.: News Release---High South Hole Intersects Narrow Massive Sulfide Sections
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/26/12 -- Teuton Resources Corp. ("Teuton") (TSX VENTURE: TUO)(FRANKFURT: TFE)(OTCBB: TEUTF) is pleased to report results from two holes drilled in 2012 on the High South property, situated north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the "Golden Triangle").
Both holes intersected lengthy sections of intense iron carbonate alteration with cross-cutting fractures containing pyrite and sphalerite mineralization. These intervals did not return significant values in gold. However, at the end of Hole HS12-02, narrow sections of extremely fine-grained, massive sulfide mineralization containing appreciable lead, zinc, silver and gold values were encountered as follows:
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Drill Interval Width Lead Zinc Silver Silver Gold Gold
Hole (feet) (feet) (%) (%) (g/t) (oz/ton) (g/t) (oz/ton)
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HS12-02 785.5-785.9 0.4 2.75 5.03 70.8 2.06 2.85 0.08
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HS12-02 843.2-844.4 1.2 7.18 4.12 243 7.09 7.18 0.21
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The lead-zinc mineralization appears to have been remobilized, and is hosted within a volcaniclastic-flow sequence with associated discordant stockwork stringers. Preliminary assessment suggests the mineralization could be VMS (Volcanogenic Massive Sulfide) in nature, similar to that at Eskay Creek. Unfortunately, shortly after intersecting the mineralized zone, drill hole HS12-02 had to be terminated at 850 feet due to high avalanche risk in the area supplying water to the drill.
Dino Cremonese, P.Eng., President of Teuton Resources Corp., commented as follows: "The local geological setting-rhyolite, felsic volcanics, mudstones and mafic rocks-- is conducive to hosting VMS mineralization, and is in some respects similar to that at Eskay Creek. So we are gratified to have encountered gold and silver-bearing massive sulfide mineralization, even though the intervals are narrow. We intend to extend these positive results with further drilling in 2013, in addition to a large program which is planned as a follow-up of the highly successful High North drill hole that ran 222 meters (728 feet) of 0.88 g/t gold."
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. All samples were assayed by Pioneer Laboratories of Richmond, BC, an ISO9001-certified laboratory. The Qualified Person has used the assay data for the drilling and the drill logs to calculate the gold-bearing intervals The QA/QC protocol system employed during the 2012 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.
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.
Contacts:
Teuton Resources Corp.
Dino Cremonese, P.Eng.
President
(604) 682-3680 or Toll Free: 1-800-879-2333
(604) 682-3992 (FAX)
www.teuton.com
