Welcome to Teuton Resources Corp.
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South of the High property is Teuton’s Tennyson porphyry copper-gold property, for the past two years under option to Brigade Resources, a private Hunter Dickinson company. From 2012 to 2013, Brigade spent over $4 million on this ground, the last year funding a major drill program. The property is scheduled to be returned to Teuton shortly, after which plans will be announced for further work. Southeast of the High property is Teuton’s Four J’s property, now under option to Rotation Minerals. In 2012 Rotation drilled the principal zone on the property , finding stratiform Pb-Zn-Sb-Ag mineralization in a series of shallow holes. Further to the southwest is Teuton’s extensive Silver Leduc property, now sold to Castle Resources, owner of the formerly producing Granduc mine. Teuton receives an annual advance royalty payment as part of the sale agreement.
Teuton also owns highly prospective ground (the Yellow Chris claims) adjoining directly to the east of the recent Colorado copper-gold discovery in the Red Chris mine area. Work carried out in 2013 disclosed an area highly anomalous in copper which is to be followed up by IP surveys in 2014, contingent upon permit approvals and financing.
Teuton owns many other properties in the Golden Triangle (e.g., Clone, Del Norte, Silver Crown, Konkin Silver, Lord Nelson, etc.) and is one of the largest landholders in the region. Several of these additional properties are farmed out to other TSX companies.
The recent decision by the provincial and federal governments to fund construction of a powerline into the heart of the Golden Triangle (construction almost completed) is serving to open up the area. One of the first new mines to go into production is the Red Chris, scheduled for commencement in May of 2014. Teuton’s Yellow Chris claims lie to the north of the Red Chris mine.