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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Andrew who wrote (303)	10/9/2003 9:27:03 AM
From: bigbuk	Read Replies (1) \| Respond to of 29622

Lateegra, Teuton release Del Norte results Lateegra Resources Corp LEG Shares issued 10,369,308 Oct 8 2003 close $ 0.37 Thursday October 9 2003 News Release Also Teuton Resources Corp (C-TUO) News Release Mr. Michael Townsend of Lateegra reports TEUTON RESOURCES CORP: FIRST SEVEN HOLES AT DEL NORTE HIT GOLD-SILVER MINERALIZATION Lateegra Resources and Teuton Resources have released encouraging results from the first seven holes drilled in 2003 on the Del Norte property, situated 20 miles east of Stewart, B.C. Results are as follows: Drill Inter- hole From To val Silver (feet) (feet)(feet) (oz/ton) DN03-1 12.2 20.0 7.8 16.48 DN03-2 18.4 28.4 10.0 15.90 DN03-3 41.5 47.6 6.1 7.06 DN03-4 94.1 103.1 9.0 13.01 DN03-5 222.4 226.0 3.6 76.41 DN03-6 398.6 401.9 3.3 34.33 DN03-7 475.7 480.6 4.9 39.26 Drill Gold hole From To Gold Equiv.(i) (feet) (feet) (oz/ton) (oz/ton) DN03-1 12.2 20.0 0.315 0.529 DN03-2 18.4 28.4 0.278 0.398 DN03-3 41.5 47.6 0.406 0.498 DN03-4 94.1 103.1 0.093 0.262 DN03-5 222.4 226.0 0.416 1.408 DN03-6 398.6 401.9 0.451 0.897 DN03-7 475.7 480.6 0.337 0.847 (i) Based on 77:1 ratio between current gold and silver prices The first four holes were drilled from pad F, located approximately at the centre of the 1,800-foot-long surface exposure of the LG vein (www.lateegra.com/i/maps/leg-oct082003.gif). The next three holes were drilled from pad A, approximately 700 feet to the northwest. These latter three holes intersected excellent gold-silver grades at depths to 475 feet down hole. Two more holes have since been drilled from pad G located southeast of pad A, and both intersected the LG vein at target depth. Assays for these two are pending. The steeply dipping LG vein remains open at depth and in both strike directions. There is growing evidence that the LG vein may be related to the Kosciuszko zone located 1,550 feet further southeast, on the other side of a broad snowfield. The LG and Kosciuszko structures share similar mineralogy and strike in the same direction. Deeper intersections of the LG vein are also showing a brecciated character reminiscent of the Kosciuszko mineralization. Core recovery in holes DN03-5 to 7 was good, however recovery in the mineralized sections of holes DN03-1 to 4 ranged from 25 per cent to 65 per cent only and may have contributed to a reduction in gold-silver values in these holes. Dip angles for holes DN03-1 to 4 were 45, 55, 65 and 77.5 degrees; dip angles for holes DN03-5 to 7 were 60, 70, and 75 degrees. The drill is currently on pd D testing the area between pads A and G. The next pad planned after this is pad J, representing a step-out to the northwest beyond the limits of the observed outcrop of the LG vein into an area covered by talus. Management of Teuton and Lateegra are highly encouraged by the prospective results from the Del Norte exploration to date. Pioneer Laboratories of Richmond, B.C., an accredited facility, performed all of the analyses. Alex Walus, PGeo, 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. Michael Townsend, President