VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 5, 2012) – Teuton Resources Corp. (“Teuton”) (TSX VENTURE:TUO)(FRANKFURT:TFE)(OTCBB:TEUTF) is pleased to announce the results of a magneto-telluric survey carried out on its Treaty Creek property, located north of Stewart in the Eskay Creek-Sulphurets-Premier region of northwestern British Columbia (the “Golden Triangle”). The survey was conducted last summer by Quantec Geoscience and paid for by Seabridge Gold Inc., owner of the adjacent KSM gold-copper property. It follows part of the route of the proposed tunnel through the Treaty Creek property (the tunnel which Seabridge wishes to build to connect the KSM gold-copper deposits with its millsite situated over 20km to the northeast).
Two prominent areas of very low resistivity have been identified (see map, attached). One occurs at the southwestern end of the survey and is only partially delineated. Another 500m of untested ground lies further to the southwest, in the direction of the common boundary between Teuton’s property and that of Seabridge Gold Inc. Another 800m in the same direction is Seabridge Gold’s Iron Cap copper-gold deposit, which remains open to the northeast.
The second area of low resistivity (sub 200ohm-m) is in the center of the surveyed area and is quite deep, however the lows appear to extend to the surface. The authors of the Quantec report, Mssrs. Warren Gregory, B.Sc. and Riaz Mirza, M.Sc. stated: “The conductive zone extends upward to the surface and can be mapped between MT sites 214 and 216. The resistivity varies at shallow depth levels. It appears to be that this zone is structurally controlled and potentially an alteration zone with favourable mineralization.”
Teuton plans to investigate the anomalous areas when next on the property. The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. Mr. Cremonese has not independently verified the Quantec Geoscience data.
Treaty Creek Litigation
Following is a brief update on the litigation between Teuton Resources Corp. and American Creek Resources with regard to the Treaty Creek property.
In July 2011 Teuton Resources Corp examined for discovery Darren Blaney of American Creek Resources Ltd. The examination lasted 3 days and is not yet complete. Teuton is waiting for production by AMK of additional documentation which Teuton believes will assist in the advancement of Teuton’s defence and counterclaim. As production of the additional documentation has been outstanding since Mr. Blaney’s examination, Teuton will be seeking a court order for production of the documentation. AMK has not yet arranged an examination of a representative of Teuton. The trial of this matter remains set for three weeks in December 2012.”
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.
To view the map associated with this press release, please visit the following link: http://media3.marketwire.com/docs/TreatyMagnetoTelluricSurveyNR.pdf.
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