27.8 Feet of 2.357 oz/ton Gold Intersected on Clone Property
Teuton Resources Corp. and Minvita
Enterprises Ltd. are pleased to announce
initial drilling results from a recently completed
program on the Clone
gold property, located southeast of Stewart,
BC. Gold values from diamond drill hole #CL-03-2
are as follows:
From
(Feet) |
To
(feet) |
Interval
(feet) |
Gold
(oz/ton) |
| 14.8 |
19.4 |
4.6 |
0.540 |
| 19.4 |
23.6 |
4.2 |
1.422 |
| 23.6 |
29.2 |
5.6 |
0.601 |
| 29.2 |
31.8 |
2.6 |
6.131 |
| 31.8 |
33.5 |
1.7 |
3.202 |
| 33.5 |
38.0 |
4.5 |
6.950 |
| 38.0 |
42.6 |
4.6 |
0.173 |
| 14.8 |
42.6 |
27.8 |
2.357 |
| |
Altogether 8 holes were drilled during the 2003
program. DDH#CL-03-02 is the only hole to be
fully logged, split and assayed. It is expected
that core samples from the remaining drill holes
from the 2003 Clone program will be sent in for
assay within one week.
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. As part of its property
due diligence, Lateegra requested that the
first two holes of the 2003 program be positioned
in an attempt to confirm historical results
from two of the 140 holes drilled on the property
during the period from 1995-97. DDH#CL-03-02
was sited close to the collar of, and with
the same dip and attitude as, DDH#110 (drilled
in 1996) which returned 32.9 feet grading 1.28
oz/ton gold. The remaining 6 holes of the 2003
program tested 3 separate targets on the Clone
property.
Pioneer Laboratories of Richmond, British Columbia,
an accredited facility, performed all of the
analyses. Alex Walus, P. Geol., is in charge
of the 2003 field program and is a qualified
person as defined by National Instrument 43-101.
Mr. Walus has 15 years experience exploring the
Stewart region.
Results From 7 Holes Awaited at Del Norte
Seven holes have been completed from two pads
separated by 750 feet on the Del
Norte property. All seven holes intersected
the LG vein at various depths, with the deepest
intersection occurring in DDH#DN-03-07 at 472
feet. Core samples from all seven holes are presently
undergoing analysis and results are expected
before the end of the next week.
Drilling is continuing on a third pad situated
south of the first two pads, in the direction
of the Kosciuszko zone. Grids for geophysical
surveys have been laid out over both the LG and
Horatio zones and geophysical surveying has been
initiated on the Horatio zone. After completion
of these surveys the drill will be moved to test
targets in the Horatio zone, where recent sampling
has shown massive sulfide mineralization carrying
values up to 36.43 oz/ton silver and 3.457 oz/ton
gold (cf. Teuton News Release, Sept. 11, 2003).
The Del Norte property is situated 21 miles
east of Stewart and is 100% owned by Teuton Resources.
Lateegra Resources Corp. has an option to earn
a 50% interest in the property from Teuton by
carrying out $3,000,000 in exploration on the
property over a five year term.
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. |
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