RE:Teuton's lotto ticketAs an Arcwest and Teuton shareholder I'm happy to hold my breath.
Dino Cremonese, President and CEO of Teuton commented: “This investment was made because of the merit of Sanatana’s Oweegee Dome property located east of Highway 37 and north of Meziadin Lake in the Golden Triangle region of northwestern British Columbia.
The Oweegee Dome property is similar to Teuton’s Treaty Creek property in that both are very large and host extensive gossans indicating pervasive hydrothermal activity.
When I first staked Treaty Creek in 1984, the general consensus was that it was a separate system from the Sulphurets region to the south, an area now controlled by Seabridge Gold’s KSM property (host to some of the largest reserves of copper and gold in the world) and the Brucejack property (recently acquired by Newcrest for $3.5 billion from owner Pretium Resources).
Although five different companies optioned Treaty Creek from 1990 to 2007, it was not until the sixth optionee, Tudor Gold, took on the property and hired Ken Konkin in 2019 that its promise was realized. A re-interpretation of geology and a re-orientation of drilling led to a maiden resource of 19.4 million gold equiv. ounces in early 2021*. The main deposit, the Goldstorm, is still being explored for further expansion and three satellite zones hold promise for further resources to be developed.
One might say that the Oweegee Dome property is at an earlier stage of its evolution, nevertheless, the new mineralized zones discovered in surface outcrop in 2021 do suggest potential for the discovery of a future porphyry copper-gold deposit. The property is scheduled for drilling at the beginning of the 2022 field season and Teuton’s private placement investment insures it will have a substantial stake in this venture.”
ArcWest Exploration and Sanatana Close Year One Obligations Under Earn-In Agreement for the Oweegee Dome Porphyry Cu-Au Project in BC’s Golden Triangle - $600,000 Private Placement with Teuton Closes