News Feed Item


VANCOUVER, BC -- (Marketwire) -- 12/11/12 --


202-2187 Oak Bay Avenue

Victoria, BC V8R 1G1

Phone: (604) 682-3680 Fax: 682-3992

Toll Free: 1-800-879-2333

Website: www.teuton.com

Teuton Resources Corp. ("Teuton") ("TUO"-TSX-V) ("TFE"-Frankfurt) ("TEUTF"-OTC BB) has received a progress report from Brigade Resources, a Hunter Dickinson company, detailing results of the 2012 exploration program on the Tennyson property. During the past field season Brigade carried out geological mapping, geochemical sampling, magnetic surveys, IP surveys, petrographic work and re-logging of all historical drill holes. Cost of the program was approximately $1 million.

In the Executive Summary of the progress report, Brigade geologists stated: "The current program has shown that at least two high-temperature porphyry-style hydrothermal centres are exposed at the Tennyson Deposit Area (TDA), namely at the Tennyson North Cu-Au Zone [TNZ] and the Tennyson Southeast Cu-Au Zone (TSEZ). A study of 19 historic drill holes (3,589m) intersecting the TNZ indicates widespread porphyry-style copper-gold mineralization over a 400 x 200 x 175m area. The TSEZ has similar alteration and mineralization characteristics to the TNZ, returned identical copper-gold surface rock chip results, and is essentially untested by drilling. Important indications of high-temperature porphyry-style alteration and mineralization have also been identified during re-logging of drill holes in the Tennyson Southwest Au Zone (TSWZ), as well as in most 1986 holes drilled between the TNZ and TSWZ. Both the TNZ and TSWZ display a clear magnetic signature that is believed to have been brought about by the presence of hydrothermal magnetite within these systems, relative to unmagnetic host rocks. As such, magnetic surveying has been of utility in target identification, and moreover, such targets appear to correlate well with alteration pattern observed at surface, as well as geochemical anomalism. The area in between the TNZ and TSEZ, and including the TSWZ, contains deposit-grade to highly anomalous gold values, and is interpreted as a peripheral gold halo, locally with epithermal gold-silver veins, immediately surrounding the porphyry-style copper-gold hydrothermal centre. The area of mineralization and alteration at the TDA is open at depth, and towards, the north, west and south underneath permanent snow and ice.

Further exploration during the 2012 field program has indicated that pervasive hydrothermal alteration extends into an area of exposed rock west of the TDA. In addition, observations east of the TDA have identified epithermal veins, locally containing gold, and local mineralized zones with a significant polymetallic signature coincident with magnetic and chargeable geophysical anomalies at depth. The results east and west of the TDA are permissive of porphyry-style mineralization extending at depth in both directions.

Reconnaissance mapping and prospecting discovered an important pervasive hydrothermally altered mineral occurrence about 1.3 km north of the TNZ which returned consistently anomalous gold and copper values.

All observations from the 2012 program indicate that the property has significant potential to host a large copper-gold porphyry system."

Dino Cremonese, P.Eng., President of Teuton Resources Corp., commented as follows: "Work by Brigade has confirmed our belief that the Tennyson property may host a large porphyry copper-gold deposit. During the summer program Brigade also discovered at least two more areas with such potential, wholly contained within the property boundaries. The next step is a comprehensive drill program to determine the size of the copper-gold systems."

Brigade Resources has also purchased the adjacent Tide property for $3 million. The Tide property lies between the Tennyson and the end of the Granduc mining road, and would have to be crossed to provide road access to the Tennyson copper-gold zones.

The Qualified Person for the purposes of this news release is D. Cremonese, P.Eng. Mr. Cremonese, P.Eng. has not independently verified the work of the Brigade exploration team.

Brigade Resources is earning a 50% interest in the Tennyson property by completing expenditures of $6 million over three years. Upon Brigade fulfilling its first interest, it may acquire Teuton's remaining 50% interest by issuing such number of shares to Teuton that reflects a 50% project interest based on Brigade's market capitalization and attributable project value.

Illustrations from Brigade's progress report can be found within the company's website. www.teuton.com, under the Tennyson Property heading.


"Dino Cremonese, P.Eng."

President, Teuton Resources Corp.

If you would like to be added to Teuton's news distribution list, please send your email address to [email protected].

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.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and other applicable laws; and

(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Teuton Resources Corp. via Thomson Reuters ONE


Dino Cremonese
Email: Email Contact
Telephone: 778 430 5680
Fax: 778 430 5681

Gary Assaly
Email: Email Contact
Telephone: 604-682-3680
Fax: 604 682 3992

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
So you think you are a DevOps warrior, huh? Put your money (not really, it’s free) where your metrics are and prove it by taking The Ultimate DevOps Geek Quiz Challenge, sponsored by DevOps Summit. Battle through the set of tough questions created by industry thought leaders to earn your bragging rights and win some cool prizes.
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining sensor...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...