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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (5109)	10/2/2003 11:24:47 PM
From: russet	Respond to of 8273

Should be good for a 3+ bagger in your neck of the woods :-) Teuton intersects 2.357 oz/t Au over 27.8 ft at Clone Lateegra Resources Corp LEG Shares issued 10,369,308 Oct 1 close $0.245 Thu 2 Oct 2003 News Release See (TUO) News Release Mr. Dino Cremonese, representing Teuton and Minvita, reports 27.8 FEET OF 2.357 0Z/TON GOLD INTERSECTED ON CLONE PROPERTY Teuton Resources and Minvita Enterprises have released initial drilling results from a recently completed program on the Clone gold property, located southeast of Stewart, B.C. Gold values from diamond drill hole No. CL-03-2 are as follows: From To Int. Gold (ft) (ft) (ft) (oz/t) 14.8 19.4 4.6 0.540 19.4 23.6 4.2 1.422 23.6 29.2 5.6 0.601 29.2 31.8 2.6 6.131 31.8 33.5 1.7 3.202 33.5 38.0 4.5 6.950 38.0 42.6 4.6 0.173 14.8 42.6 27.8 2.357 Altogether, eight holes were drilled during the 2003 program. DDH No. CL-03-02 is the only hole to be fully logged, split and assayed. It is expected that core samples from the remaining drill holes from the 2003 Clone program will be sent in for assay within one week. The Clone property is under option to Lateegra Resources, which can earn a 50-per-cent interest in the property by spending $1.5-million in exploration over a four-year term. As part of its property due diligence, Lateegra requested that the first two holes of the 2003 program be positioned in an attempt to confirm historical results from two of the 140 holes drilled on the property during the period from 1995 to 1997. DDH No. CL-03-02 was sited close to the collar of, and with the same dip and attitude as, DDH No. 110 (drilled in 1996), which returned 32.9 feet grading 1.28 ounce per ton gold. The remaining six holes of the 2003 program tested three separate targets on the Clone property. Pioneer Laboratories of Richmond, B.C., an accredited facility, performed all of the analyses. Alex Walus, PGeol, is in charge of the 2003 field program and is a qualified person as defined by National Instrument 43-101. Mr. Walus has 15 years of experience exploring the Stewart region. Results from seven holes awaited at Del Norte Seven holes have been completed from two pads separated by 750 feet on the Del Norte property. All seven holes intersected the LG vein at various depths, with the deepest intersection occurring in DDH No. DN-03-07 at 472 feet. Core samples from all seven holes are presently undergoing analysis and results are expected before the end of the next week. Drilling is continuing on a third pad situated south of the first two pads, in the direction of the Kosciuszko zone. Grids for geophysical surveys have been laid out over both the LG and Horatio zones, and geophysical surveying has been initiated on the Horatio zone. After completion of these surveys, the drill will be moved to test targets in the Horatio zone, where recent sampling has shown massive sulphide mineralization carrying values up to 36.43 ounces per ton silver and 3.457 ounces per ton gold (seeTeuton news in Stockwatch dated Sept. 11, 2003). The Del Norte property is situated 21 miles east of Stewart and is 100 per cent owned by Teuton Resources. Lateegra Resources has an option to earn a 50-per-cent interest in the property from Teuton by carrying out $3-million in exploration on the property over a five-year term. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com Click here for company snapshot: new.stockwatch.com Click here for recent SEDAR documents: new.stockwatch.com