|By Marketwired .||
|December 11, 2012 08:55 AM EST|
VANCOUVER, BC -- (Marketwire) -- 12/11/12 --
TEUTON RESOURCES CORP.
202-2187 Oak Bay Avenue
Victoria, BC V8R 1G1
Phone: (604) 682-3680 Fax: 682-3992
Toll Free: 1-800-879-2333
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
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
Jul. 2, 2015 04:15 PM EDT Reads: 1,017
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 2, 2015 04:13 PM EDT Reads: 493
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Jul. 2, 2015 03:18 PM EDT Reads: 583
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
Jul. 2, 2015 03:00 PM EDT Reads: 1,009
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 2, 2015 02:52 PM EDT Reads: 595
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Jul. 2, 2015 02:30 PM EDT Reads: 1,202
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Jul. 2, 2015 02:15 PM EDT Reads: 2,207
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
Jul. 2, 2015 02:15 PM EDT Reads: 851
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Jul. 2, 2015 02:00 PM EDT Reads: 1,066
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Jul. 2, 2015 01:45 PM EDT Reads: 2,308
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
Jul. 2, 2015 01:36 PM EDT Reads: 579
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
Jul. 2, 2015 01:00 PM EDT Reads: 1,254
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 2, 2015 01:00 PM EDT Reads: 1,056
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Jul. 2, 2015 12:00 PM EDT Reads: 2,029
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...
Jul. 2, 2015 11:50 AM EDT Reads: 544