Teuton Receives Drill Permit for High Property
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/22/11 -- Teuton Resources Corp. ('Teuton') (TSX VENTURE: TUO) (FRANKFURT: TFE) (OTCBB: TEUTF) is pleased to announce that it has received a drill permit for the High property, located in the Sulphurets region of northwestern British Columbia (see map, attached). An aggressive program of regional sample collection, geological mapping and diamond drilling is scheduled for the 2011 field season.
The High property is located due south of Pretium Resources' Brucejack property and follows the projected trace of the Brucejack Fault which is spatially related to many of the Pretium deposits. Drilling by Pretium in 2009 and 2010 on the Galena Hill zone encountered many intercepts containing gold grades registering in the kilo/tonne range (greater than 1000 g/t or 29.17 oz/ton). Pretium plans a multi-million dollar program in 2011 to follow up on these very high-grade intersections. Further work is also planned for several deposits surrounding the Galena Hill zone, including bulk tonnage situations like the Bridge zone which returned a hole grading 589m (1,932 feet) of 0.99 g/t gold.
Prospecting by Teuton personnel in 2010 disclosed an extensive gossan located just south of the common border with Pretium's Brucejack property. After further sampling this gossan will be drilled within the field season.
The High property continues south for 7km and hosts numerous other gossanous areas which will also be sampled and possibly drilled.
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. Mr. Cremonese has not independently verified the Pretium Resources' data.
Dino Cremonese, P.Eng.
President, Teuton Resources Corp.
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To view the Iron Cap Zone map, please visit the following link: http://media3.marketwire.com/docs/teuton.pdf
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
