Hole #CL03-4 Cuts 5 feet of 3.023 oz/ton Gold at Clone Property
Teuton Resources Corp. and Minvita
Enterprises Ltd. are pleased to announce
final drilling results from a recently completed
program on the Clone gold property, located
southeast of Stewart, BC. The Clone property
is under option to Lateegra Resources Corp. (“LEG”-TSX
Venture Exchange), which can earn a 50% interest
in the property by spending $1,500,000 in exploration
over a four year term.
Gold values from Hole #’s CL-03-1 to CL03-4,
inclusive, are as follows:
| Drill |
From
|
To |
Interval |
Gold |
| Hole |
(feet) |
(feet) |
(feet) |
(oz/ton) |
| CL03-1 |
40.3 |
45.3 |
5.0 |
0.769 |
| CL03-1 |
70.5 |
73.0 |
2.5 |
0.494 |
| |
|
|
|
|
| CL03-2 |
14.8 |
42.6 |
27.8 |
2.357* |
| |
|
|
|
|
| CL03-3 |
296.8 |
301.8 |
5.0 |
0.159 |
| |
|
|
|
|
| CL03-4 |
170.5 |
175.5 |
5.0 |
3.023 |
| *
Previously reported |
Holes CL03-3 and CL03-4 were collared in previously
untested areas of the Main Zone on the Clone
Property. Hole CL03-5 was collared at the same
location as CL03-4 but with a steeper dip. It
was terminated at 150 feet and consequently did
not reach the necessary depth to intersect the
high-grade structure intersected in CL03-4.
Management of Lateegra is pleased with the 2003
drill program at the Clone property. Especially
encouraging are holes CL03-3 and CL03-4 as they
support the findings of the 1998 detailed structural
study completed by SRK Consulting Engineers of
Vancouver, B.C., suggesting the gentle, northerly
plunging orientation to gold bearing shoots within
the shears.
Three short holes (CL03-6,7 & 8) tested
narrow shear zones located in intrusive rocks
one mile west of the Main Zone. None of these
holes intersected significant mineralization.
Pioneer Laboratories of Richmond, British Columbia,
an accredited facility, performed all of the
analyses. Alex Walus, P. Geol., qualified person
and professional geologist is responsible for
the design and conduct of the 2003 exploration
programs and the verification and quality assurance
of analytical results. Mr. Walus has 15 years
experience exploring the Stewart region.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP.
“D. Cremonese”
Dino Cremonese, P.Eng.
President
Teuton Resources Corp
Minvita Enterprises Ltd.
The
TSX Venture Exchange has not reviewed and
does not accept responsibility
for the adequacy or accuracy of the content of this news release. |
|