Teuton Resources Corp.: News Release---Shareholders Cautioned Not to Rely on Assays from 2007 Diamond Drill Hole at Treaty Creek
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2012) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO)(FRANKFURT:TFE)(OTCBB:TEUTF) reports that it has investigated assay results from Hole TC07-04EUR ("Hole#4") obtained from the 2007 drilling by American Creek Resources on the Treaty Creek property. The preliminary conclusion is that the Hole#4 results reported on Dec. 11, 2007 and which ran 8.51m of 2,094 g/t silver (equivalent to 61.1 oz/ton) from 100 to 108.5m, should not be relied upon.
Core from Hole#4 was examined by Vancouver Petrographics Ltd. The only minerals identified in the core during the petrographic examination which could carry silver values were trace amounts of chalcopyrite, sphalerite and chalcocite. Vancouver Petrographics Ltd. also found fragments of a drill bit containing diamonds in the core. The core was assayed and returned silver values as high as 11,541 ppm (equivalent to 336.7 oz/ton) along with anomalous values in copper, tungsten and nickel.
Teuton is concerned that core from 100-108.5m of Hole#4 may be contaminated. Teuton is cautioning shareholders not to rely on the 2007 assay results from Hole #4 until further testwork is completed.
The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. Mr. Cremonese has relied upon a Petrographic Report prepared by Vancouver Petrogaphics Ltd, a recognized petrographic facility. Assays relied upon were performed by ALS Laboratory Group of North Vancouver, an ISO9001-certified laboratory.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Teuton Resources Corp.
202-2187 Oak Bay Avenue
Victoria, BC V8R 1G1
(604) 682-3680 or Toll Free: 1-800-879-2333