Properties North of Seabridge Gold's KSM and Pretium Resources' Brucejack-Snowfield Projects
Summary — The Treaty Creek property was originally staked back in 1983 by Teuton Resources. It controls a 7 km long sequence of alteration zones (gossans) similar to those on the neighbouring KSM and Brucejack properties of Seabridge Gold and Pretium Resources, respectively. The Sulphurets thrust fault, recognized by BC government geologists as being spatially related to all of the large copper-gold deposits on Seabridge’s KSM property, passes northeast into the Treaty Creek property. Over $20million has been spent on the property to date, revealing both high-grade gold-silver and porphyry copper-gold mineralization.
Tudor Gold joint ventured the property in 2015 in a deal which will see Teuton and American Creek Resources each holding carried 20% interests in the property (the interests are carried until a production decision). Teuton also retains a 2% NSR on 49% of certain claims within the property and a 1% NSR on 49% of other claims within the property, without a buyback.
A new zone was identified in 2018 now called the “Goldstorm”. The last hole of the 2018 season encountered 568 metres grading 0.98 g/t gold in this zone. The 2019 drill program, currently under way, will be following up this discovery.
Tudor Gold (“TUD”-TSXV, is a company headed by Walter Storm, the German financier who had his last great success in gold mining with Osisko Gold. Mr. Storm’s stated goal is to become a significant explorer in the rapidly developing Golden Triangle Area of northwestern British Columbia.
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Properties South of Seabridge Gold's KSM and Pretium Resources' Brucejack-Snowfield Projects
SUMMARY — Teuton Resources owns six properties in this region, lying along southward extensions of the same geology that hosts extensive deposits on the properties of Pretium Resources and Seabridge Gold. All six of these properties have now been optioned out for cash payments to Teuton totaling $4.85 million over 4-5 years along with substantial shares (almost $2,000,000 of this money has already been received along with 1.7 million shares of Tudor Gold). Two of the properties — the King Tut and Tuck — were optioned to Pretium Resources, four — High North, Delta, Orion and Fairweather — were optioned to Tudor Gold Corp, a TSX-V listed company. For the bulk of the optioned claims, Teuton retains NSRs between 2 and 2.5%; on claims with pre-existing royalties to third parties, Teuton retains NSR’s between 1 and 1.5%.
Properties South of Teuton's King Tut-Orion Properties
SUMMARY — Teuton owns another nine properties situated to the south of the Orion-King Tut group, six of which contain established mineralized zones. A Geotech ZTEM airborne survey was commissioned over the Pearson, Mach, Big Gold, Tennyson and Four J’s properties in 2018. This survey identified numerous target zones which will be investigated in 2019.
Properties South and East of IDM Mining's Red Mountain Gold Property
SUMMARY —Teuton owns a number of properties situated to the east and south of IDM Mining’s Red Mountain Gold property, which received federal and provincial approval early in 2019. The most prospective of these is the Del Norte property, lying along the drainage of three-gold bearing streams flowing east out of the Cambria icefield. Over $5million has been spent to date disclosing many gold-silver bearing zones. A Geotech ZTEM airborne survey was flown over four properties in this section – Lord Nelson, Del Norte, Midas and Konkin Silver – disclosing ten new target areas with potential for gold mineralization and two with potential for porphyry type deposits. One of the most intense gold anomalies, the A-2, is slated for drilling in 2019.
Properties West of Auryn Resources’ Homestake Gold-Silver Deposit
SUMMARY — This area has become prospective again due to the recent takeover of the Homestake gold-silver deposit by Auryn Resources. The Clone property, recently optioned by Sky Gold Corp., features several high-grade gold-bearing shear zones and has had over $5.5 million spent on it to date, with $600,000 budgeted for 2019; Teuton and Silver Grail share a 2% Net Smelter Royalty in the Clone. The Fiji and Tonga, lying just to the west of the Homestake property have only been lightly explored—both contain promising showings.
Properties near Ascot Resources’ Premier-Dilworth Gold Property
Summary – The Harry property features gold-arsenic anomalous geochemistry lying along strike of Ascot’s Dilworth gold deposit. The Silver Crown 6 covers the northern extension of the Montrose gold zone, successfully drilled by Decade Resources on its Red Cliff claim to the south.