Current Presentations
Wednesday December 9, 2009
Silver Leduc Property Farmed Out
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has entered into an agreement with Bell Copper Corporation (“Bell”) whereby Bell can acquire a 100% interest in Teuton’s Silver Leduc claims which surround Bell’s Granduc Crown Claims, located northwest of Stewart, British Columbia. This agreement supplants the previous agreement with Bell on the property.
In exchange for the 100% interest, Teuton will retain a 1.5% NSR (the “NSR”) on the Silver Leduc claims and on Bell’s four claims to the north of the Silver Leduc claims (#415486, #415487, #415488 and #415489). Bell’s Crown Claims are excluded.
The NSR is subject to an Annual Advance Royalty Payment of $50,000 comprised of cash and shares (the “Advance Royalty”). The cash component of the Advance Royalty will be $25,000 and the share component will be $25,000 payable in common shares to be calculated as the average price for the shares of Bell over the previous 10 trading days prior to the annual December 31 payment date.
The Granduc Mine is a former copper producer located in the prolific Stewart Mining Camp of northwestern British Columbia.
“Dino Cremonese, P.Eng.”
President
TEUTON RESOURCES CORP.
If you would like to be added to Teuton’s news distribution list, please send your email address to gary.teuton@shawlink.ca.
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Teuton Resources Corp. has an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
Current News
Private Placement Completed
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has completed the private placement announced July 19, 2010. Altogether $450,000 was raised from the sale of 1,000,000 units at $0.45 ...
read moreIC2 Claim Purchased
Teuton Resources Corp. (“Teuton”) (“TUO”) announces that it has entered into an agreement to purchase a 100% interest in the IC2 claim, subject to a 1.5% NSR which is capped at $500,000 ...
read moreDrilling Starts at Tennyson Property
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that the Company has commenced a drilling program on its wholly-owned Tennyson property, located 6km due west of the former Granduc Mine millsite ...
read morePrivate Placement
Teuton Resources Corp. (“Teuton”) (“TUO”) has agreed to complete a private placement to raise proceeds of up to $450,000. It has been agreed that the offering will comprise up to 1,000,000 units at $0.45 per unit ...
read morePrivate Placement Completed
Teuton Resources Corp. (“Teuton”) (“TUO”) has completed 1,163,611 shares of the private placement announced June 1, 2010 to raise proceeds of $523,625. Proceeds of the offering will be expended on ...
read moreBanner year for Teuton's many Golden Triangle claims
Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ("TFE"-Frankfurt) is finalizing its plans for the 2010 season in the Golden Triangle region of northwestern British Columbia. Early indications are that more than ...
read morePrivate Placement
Teuton Resources Corp. (“Teuton”) (“TUO”) has agreed to complete a private placement to raise proceeds of up to $900,000. It has been agreed that the offering will comprise up to 2,000,000 units at $0.45 per unit ...
read moreGrant of Options
Teuton Resources Corp. (“TUO”, “the Company”) has, in accordance with its Stock Option Plan, granted to employees, consultants and directors of the Company options to purchase a total of 1,886,000 shares of ...
read moreTeuton Farms Out Stamp Claims
Teuton Resources Corp. (“Teuton”) (“TUO”-TSX-V) ("TFE"-Frankfurt) is pleased to announce that it has farmed out its Stamp claims, located in the Stewart region of northwestern British Columbia, to Decade Resources ...
read moreTeuton's High Property is 1.25 km South of Silver Standard's New Bridge Gold Deposit
Teuton Resources Corp. (“Teuton”) (TUO-TSX-V) and (“TFE”-Frankfurt) is pleased to announce that it intends to explore its High property in the 2010 field season, located in the Sulphurets region of northwestern British ...
read moreTreaty Creek Discovery Hole Runs 241 metres of 0.80 g/t Gold
Teuton Resources Corp. (“Teuton”) (TSX-V: TUO) and American Creek Resources Ltd. (“American Creek”) (TSX-V: AMK) are pleased to release the final batch of assay results comprising 18 of 32 holes from the 2009 ...
read moreSilver Leduc Property Farmed Out
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has entered into an agreement with Bell Copper Corporation (“Bell”) whereby Bell can acquire a 100% interest in Teuton’s Silver Leduc claims ...
read moreHigh Grade Gold and Bonanza Grade Silver Discovered in New VMS Discovery at Teuton’s Treaty Creek Property
Teuton Resources Corp. (“Teuton”) (TSX-V: TUO) and American Creek Resources Ltd. (“American Creek”) (TSX-V: AMK) are pleased to release the first batch of assay results comprising 14 of 32 holes from the 2009 ...
read moreTeuton Options Red Chris Area Claims
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has optioned a 100% interest in three strategic claims in the Red Chris area of northwestern British Columbia. The claims approach within 3km of ...
read moreTennyson Hole Cuts 19.8m of 2.0 g/t Gold
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that it has received assay results for the recently completed diamond drilling program on its Tennyson claims, situated 48km northwest of Stewart, British Columbia ...
read moreBonsai Property Farmed Out
Teuton Resources Corp. (“Teuton”) (“TUO”) is pleased to announce that the Bonsai property has been optioned to Copper Creek Ventures Ltd. The Bonsai property is located to the immediate west of Barrick's Eskay Creek mine property, some 80km northwest ...
read moreHole #28 Cuts 12.80 Metres of 44.75 g/t Gold (42 Feet of 1.305 oz/t Gold)
Teuton Resources Corp. (“Teuton”) (“TUO”) and Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) are pleased to report complete assay results for the second phase of the 2009 drill program on the Clone gold property, situated 18km southeast of Stewart, British Columbia ...
read moreHole #21 Cuts 7.93 Metres of 30.37 g/t at Clone
Teuton Resources Corp. (“Teuton”) (“TUO”) and Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) are pleased to announce that the second phase of drilling on the Clone gold property, situated 18km southeast of Stewart, BC, is now complete and wishes to report the first ...
read moreTennyson Drilling Commenced
Teuton Resources Corp.(“Teuton”) (“TUO”:TSX-V; “TFE”-Frankfurt) is pleased to announce that the Company has commenced a drilling program on its wholly-owned Tennyson property, located 6km due west of the former Granduc Mine millsite and 50km by ...
read moreAmerican Creek Elects to Fund Treaty Creek Until Feasibility
Teuton Resources Corp.(“Teuton”) (“TUO”:TSX-V; “TFE”-Frankfurt) is pleased to announce that American Creek Resources (“AMK”) has served notice on the Company that it has spent enough money on the Treaty Creek property to earn in to a 51% interest. Subsequent to ...
read more
