Teuton Resources Corp.: Porphyry Copper-Gold Mineralization Intersected At Del Norte Property In The Golden Triangle

VANCOUVER, British Columbia, Nov. 08, 2016 (GLOBE NEWSWIRE) -- Teuton Resources Corp. ("Teuton") (TSX-V: TUO) (Frankfurt: TFE) (OTCBB: TEUTF) is pleased to announce that a zone of porphyry copper-gold mineralization has been intersected in drilling on its 100%-owned Del Norte property, situated 30km east of Stewart, BC in the Golden Triangle region of northwestern British Columbia.  

The 2016 exploration program at the Del Norte property targeted four distinct areas.  One of these was located  150m north of a site drilled in 2014 from which four holes returned copper-gold mineralization over intervals varying from 71m to 140m.  Weighted average content of these four, 2014 intervals was 0.077% copper and 0.29g/t gold.   

Three holes, all from the same pad and oriented facing west, were drilled into this target in 2016.  All three holes began in unaltered volcanics changing within a 100m to altered volcanics/intrusives containing pyrite accompanied by varying amounts of chalcopyrite.  Two of the holes encountered a zone marked by strong pyrite, k-feldspar and sericite alteration, minor quartz veining and more abundant chalcopyrite.  All holes bottomed in similar mineralization with the intensity of the alteration appearing to increase with depth. 

Hole DN-16-05, the steepest of the three drilled at this location (-72 degrees), returned the best grades:  a 74.2m intersection from 264.6 to 338.8m averaged 0.15% copper and 0.27 g/t gold.   This hole had double the copper content of the 2014 holes.   A 10.7m interval included in this intersection, from 284.9 to 296.6m, ran 0.31% copper and 0.37 g/t gold.

Hole DN-16-03, drilled at -60 degrees, intersected a 78.9m interval from 258.5 to 337.4m grading 0.09% copper and 0.20 g/t gold.  This intersection corresponds well with the deeper intersection in Hole DN-16-05.  The third hole from this set-up, #DN-16-04 at -45 degrees flattened out to a -30 degree dip at the hole end and was not drilled deep enough to encounter the same zone intersected by Holes #3 and #5.