Part of the Silver Crown property (the Silver Crown West) was optioned to Pretium Resources (see News Release dated August 10, 2015) for $1.8 million in cash payable over four years. Teuton will retain a 2% NSR in the property with no buyback.
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Summary

The Silver Crown property, owned jointly by Teuton and Silver Grail Resources Ltd., lies along Bear River Ridge, just west of the Silver Crown 6 claim. It covers the old Silver Crown showing which was heavily explored by White Channel Resources and Navarre Gold in the early 1990’s.

Location & Property Status

The Silver Crown property is located 20km north of Stewart, BC, east of Long Lake. It is accessible north by the Granduc mining road, and up east through the Premier mining road system.

Mineralization

Twelve quartz sulfide veins, concentrated along the axial plane of a north plunging anticline are exposed over a strike length of 700 metres and have an average width of 1 metre. The average assay values are in the range of 1-2 g/t gold and 30-60 g/t silver. In places the veins carry localized high-grade silver.