Current Presentations
Monday February 12, 2007
JK Zone Drilling Demonstrates Typical Granduc Mine Mineralization on Teuton Claims
Teuton Resources Corp. (“Teuton”) (“TUO”:TSX--V; “TFE”-Frankfurt) is pleased to announce drill core assays from the 2006 drill program targeting the JK Zone on its Leduc Silver property, located northwest of Stewart, British Columbia. The Leduc Silver property surrounds the Crown-grant claims of the formerly producing Granduc Mine, 100% owned by Bell Resources Corporation (“Bell”). Bell also holds the Leduc Silver property under option from Teuton and is the operator (for details, see News Release dated Aug. 31, 2005).
As recently reported by Bell, the JK Zone is interpreted as the northerly strike continuation of the Granduc system. Three distinct, parallel mineralized intervals were demonstrated by the drilling, each containing banded magnetite-chalcopyrite ± pyrite - pyrrhotite iron formation typical of the Granduc Mine mineralization to the south.
Highlights of JK Zone Drilling:
- Demonstrates the same copper-bearing mineralization that hosted the past-producing Granduc Mine and which was intersected inBell's previous drilling in the South Zone (on Bell's 100% owned claims, see accompanying map).
- Granduc-type mineralization now intersected over 2 kilometres north of the past-producing Granduc mine extending potential strike to plus 4 kilometres.
- Intersected mineralization at 1300 metres (4300 feet) above sea level while previous drilling intersected mineralization down to 300 metres (1000 feet) above sea level in the South Zone.
A table of drill results follows:
| Drillhole | From |
To |
Length (m) |
True Thick (m) |
Recov (%) |
Cu (%) |
Fe (%) |
Ag (g/t) |
Au (g/t) |
| DDH2006-8 | 191.3 | 199.0 | 7.7 | 4.2 | 97 | 0.57 | 14.7 | 1.0 | 0.06 |
| incl | 191.3 | 194.8 | 3.5 | 1.9 | 97 | 0.74 | 21.5 | 1.5 | 0.09 |
| DDH2006-9 | 199.9 | 213.9 | 14.0 | 5.3 | 98 | 1.12 | 12.0 | 2.8 | 0.11 |
| incl | 201.1 | 208.0 | 6.9 | 2.6 | 98 | 1.47 | 11.6 | 3.4 | 0.13 |
| DDH2006-10 | 129.4 | 135.5 | 6.0 | 4.6 | 92 | 0.76 | 18.6 | 1.8 | 0.06 |
| DDH2006-10 | Hole lost at 153.3 due to high pressure water | ||||||||
| DDH2006-11 | 170.4 | 193.2 | 2.8 | 1.3 | 100 | 1.37 | 20.6 | 2.0 | 0.16 |
| DDH2006-11 | 224.3 | 230.0 | 5.8 | 2.7 | 99 | 1.26 | 17.5 | 3.9 | 0.14 |
| DDH2006-12 | Hole lost at 139.9 due to high pressure water | ||||||||
In this second drill program of the 2006 season at Granduc, Bell completed 5 diamond drillholes totalling 1240 meters in length. Drilling tested the newly discovered JK Zone and an adjacent ice-covered aeromagnetic anomaly discovered by an airborne survey in the spring of 2005, located up slope from a train of massive magnetite and sulfide till boulders. All five holes were collared from the same drill pad and were fanned out in easterly and down-dip directions to assess the continuity of mineralization along the north-northeast-striking JK Zone. This array of drillholes demonstrated continuity of the footwall mineralization over distances of 150 meters along strike and 100 meters down dip.
All five drillholes intersected the JK Zone and at least one of two subparallel zones of magnetite-pyrite-chalcopyrite iron formation situated 80 meters and 140 meters further into the footwall. Drill intersections of the shallow JK Zone returned low grade metal values and are consequently not reported in the table above. However, both of the two footwall zones produced drill intersections containing substantial thicknesses of magnetite-pyrite-chalcopyrite iron formation. Glenn Zinn, CEO and President of Bell, stated that these intersections “are very exciting to the Company [Bell] and worthy of further exploration”.
D. Cremonese, P.Eng., CEO and President of Teuton commented: “We are pleased that our Leduc Silver claims control part of the very large Besshi-VMS, copper-bearing system being delineated by Bell at Granduc. The postulated strike length of this system now stands at 4 kilometres but is still open to extension to the south and to the north (see map). Vertical continuity of the system has been proven to be at least 300 metres, and this also remains open. Further drilling by Bell in 2007 is eagerly awaited.”
Recovery and sampling of the core from this drilling program was conducted under the direct oversight of Robert Thivierge, PGeo., and Timothy Sandberg, PGeo. Core was sawn and bagged on site, and certified matrix-matched standards, field blanks, and core duplicates were inserted into the sample stream at an average rate of one standard, field blank, or core duplicate per 8 drill core samples. Samples were transported securely following an internal chain-of-custody protocol to Acme Analytical Laboratories in Vancouver, B.C., where additional lab standards were inserted.
D. Cremonese, P.Eng. is the Qualified Person for both Silver Grail and Teuton in regard to technical information contained in this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
TEUTON RESOURCES CORP.
SILVER GRAIL RESOURCES LTD.
"Dino Cremonese, P.Eng."
President
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. Silver Grail Resource Ltd. And Teuton Resources Corp. do 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.
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