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 7km 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. About $10million has been spent on the property to date, revealing both high-grade gold-silver and porphyry copper-gold mineralization.
Tudor Gold recently joint ventured the property 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. Tudor Gold has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016.
Tudor Gold (“TUD”-TSXV, is a new 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.
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 1,400,000 shares ($1,030,000 of this money and 500,000 shares have already been received). 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. Two of the six, the Big Gold and the Pearson properties, are slated for drilling in the 2016 field season. A gold-silver anomalous alteration zone is the target on the Big Gold, and on the Pearson the target is a 2km long, intense geophysical anomaly. Teuton’s Tennyson property hosts two porphyry copper-gold zones upon which more than $6 million has been spent. The Four J’s property is under option to Rotation Minerals which plans further work in 2016..
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, currently being readied for production in 2018. 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. The Del Norte is scheduled for drilling in 2016, along with the property adjoining to the south, the Konkin Silver.
Properties West of Auryn Resources’ Homestake Gold-Silver Deposit
This area has become prospective again due to the recent takeover of the Homestake gold-silver deposit by Auryn Resources. The Clone property features several high-grade gold-bearing shear zones and has had over $5million spent on it to date. 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.