RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE here is the first part about treaty creek on tuo s web site
Summary
The Treaty Creek property adjoins directly northeast of Seabridge Gold’s KSM gold-copper property and shares much the same geology. Starting in 1983, the property was successively built up by staking open ground (except for the central Treaty claim which was purchased). In the intervening years it has been under option four times, most recently by American Creek Resources. Exploration work has uncovered several zones the most promising of which are the Copper Belle, GR2 and Eureka zones. Over $8 million has been spent on it to date. A 9,000 to 11,000m drill program has been recommended for the Copper Belle and GR2 zones.
Seabridge’s KSM property has rapidly developed over the past five years, and is now host to Canada’s largest undeveloped resource of gold and copper. Present resources add up to 45 million ounces of gold and 11.7 billion pounds of copper in the measured and indicated categories. Inferred resources add additional gold and copper. These resources come from the Mitchell, Sulphurets, Kerr and Iron Cap deposits.
The Iron Cap deposit lies just 800m from the common boundary with Teuton’s Treaty Creek property and remains open in all directions. It’s 5.1 million ounces of gold and 1.67 billion pounds of copper (measured and indicated) were first defined in 2010 and Seabridge plans more work to expand this deposit during the 2011 field season.
Seabridge has also proposed two 19km long tunnels to be built mostly through the Treaty Creek property. They will connect the Mitchell zone with milling facilities staked by Seabridge on the northeast side of Treaty Creek. Negotiations with Seabridge for permission to build these tunnels is ongoing
Directly east of Seabridge’s giant Mitchell deposit lies the Snowfield zone of Pretium Resources. This deposit contains combined measured and indicated resources of 22.04 million ounces gold and 0.11% copper.
Teuton Resources is currently involved in litigation concerning American Creek’s involvement in the Treaty Creek property. Teuton is alleging, among other matters, that American Creek breached the option agreement and is no longer entitled to an interest in the property. If Teuton wins the litigation it will have a 100% interest in the property; if it loses, a 49% interest (or a 40% interest should American Creek take the property to feasibility).
there it is, nice info direct from tuo
i own AMK SHARES