Teuton and Walter Storm's Tudor Gold in joint venture on Treaty Creek Property
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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. Five out of six of these properties have now been optioned out for cash payments to Teuton totaling $4.15 million over 4 years along with 700,000 shares ($730,000 of this money has already been received). Two of the properties (the King Tut and Tuck) were optioned to Pretium Resources, three (High North, Delta and Fairweather) were optioned to a private 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%.