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Gold/Mining/Energy : Golden Triangle

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From: klinker	8/29/2012 7:56:38 PM
	of 493

so the second drill is only 6.5 kilometers from the pretium property line Because of inclement weather that lasted throughout the 2011 season, Teuton carried out no work in the highly prospective area now slated for drilling in 2012. Instead work was confined to two zones located 6.5 km south of the boundary with Pretium Gold. This work consisted of prospecting and drilling of 5 holes. Two holes were drilled west from Pad#1 into an area from which surface samples returned values ranging from 0.74 to 47.8 g/t gold. Neither of the holes reached the downward expression of the surface mineralization. It appears that the pad was emplaced too far east, but because of a spalling glacier located immediately above the mineralized zone, this was the closest it could be put in without endangering the drill crew. The final three holes of the season were directed at various azimuths from Pad#2 situated below a second mineralized gold zone discovered by prospecting. Hole #3 returned a 5.8m interval grading 3.0 g/t from 210.9 to 216.7m and Hole #4 returned 55.5m of 0.41 g/t gold from 102.1 to 157.6m. The fifth hole did not encounter any significant mineralization. Ideally this surface zone should have been tested from Pad#3, situated at higher altitude, but severe weather prevented mobilizing the drill to this location. teuton.com

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