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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (38473)4/18/2007 10:19:03 AM
From: heinz44  Respond to of 78421
 
We should do well on GQC!!! i too added/looking good

Teuton, partners to drill seven properties in B.C.

2007-04-18 06:57 PT - News Release

Mr. Dino Cremonese reports

DRILL PURCHASED; RECORD EXPLORATION SEEN IN 2007 ON TEUTON'S STEWART REGION PROPERTIES

Teuton Resources Corp. has provided an update detailing plans for the 2007 drilling of seven of the company's properties in the Stewart region of northwest British Columbia. Four of the projects are to be financed by the company's option partners.

In order to ensure that the company's ambitious 2007 work programs are diligently carried out on three of its unoptioned properties, Teuton has recently purchased a new JKS 300 diamond drill. The company has also signed a contract with an experienced drill co-ordinator to manage and supervise these drilling programs.

A summary of planned drill programs follows in the attached table.

Property Financed by Budget Start date*

Treaty Creek American Creek Resources $1-million July
Fiji Teuton and Silver Grail Resources $1-million July
Del Norte/Midas Sabina Silver Corp. $500,000 May to June
Konkin Silver Teuton and Silver Grail Resources $500,000 August to September
Orion Teuton $500,000 August to September
Leduc Silver Bell Resources TBA July to August
Clone Canasia Industries TBA August to September

TBA: to be arranged * estimated

Although budgets for two of the projects are yet to be firmed up, preliminary indications are that 2007 will be a record year for exploration on the company's properties.

Teuton owns interests in over 40 properties in the Stewart region and is one of the dominant landholders therein. The area is well known as one of the most mineralized terranes in Western Canada. Major mines within the region include the formerly producing Premier, Anyox and Granduc mines as well as the currently producing Eskay Creek mine, the latter famous as having one of the richest grades of any gold-silver mine in the world. Recent exploration in the Sulphurets camp 20 kilometres southeast of Eskay Creek has established a number of very large gold and gold-copper bulk tonnage deposits with a total metal endowment approaching 20 million ounces gold and five billion pounds of copper. Global exploration totals within the Stewart region have climbed yearly since 2002, a trend which is expected to continue through 2007.

Efforts to farm out additional company properties are proceeding and any new option agreements will be announced when and as made.

We seek Safe Harbor.