Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift Property, Harry Property, Del Norte Property, Lord Nelson Property, Orion Property, Big Gold Property, Tonga Property, Fiji Property, King Tut Property, Tuck Property, High North Property, Delta Property, Fairweather Property, Tennyson Property, Pearson Property, Clone Property, Four J’s Property, Konkin Silver Property, Midas Property, Bay Silver Property, Bonsai Property, Gold Mountain Property, Ram Property, Silver Leduc Property, Stamp Property, and Treaty East Property. The Lord Nelson claims lie immediately north of Teuton’s Del Norte property.

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Teuton Resources Corp > Ranman everything moving quickly at the south end of the GT

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Post by highperon Sep 13, 2023 10:36pm

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Post# 35635210

Ranman everything moving quickly at the south end of the GT

I would be upset if Dino did not get the kind of deal for fiji or tonga combined at what arcwest got for the todd creek property. Well I can afford to be patient again and wait for the 70,000 meter plus drill program on the goliath-dolly varden claim groups to come in..Early Indications are they might well raise the property value for fiji and tonga and perhaps the clone....

Freeport holds a two-stage option to earn up to
80% in the Todd Creek project over a period of up
to ten years.

ArcWest and Freeport-McMoRan Mineral
Properties Canada have signed an agreement to
advance the development of the former’s Todd
Creek copper-gold project in Canada.

Located in British Columbia (BC)’s Golden Triangle
, the Todd Creek project adjoins Newcrest Mining’s
Brucejack mine property. It is situated 40km
south-east of Seabridge Gold’s KSM-Iron Cap
porphyry copper/gold deposit and Tudor Gold’s
Treaty Creek gold/silver/copper project.

According to the earn-in deal, Freeport holds a
two-stage option to earn up to 80% in the Todd
Creek project over a period of up to ten years.

Freeport will initially have the option to earn an
initial 51% stake in the project by funding C$20m
of work expenditures over five years and paying
C$900,000 in cash to ArcWest.

Upon earning 51% in the project, Freeport can elect
to earn a further 29% in the Todd Creek project to
bring its total stake to 80%.

In exchange, Freeport will fund another C$30m
within the following five years, as well as pay
C$750,000 in cash to ArcWest.

Commenting on the move, ArcWest president and
CEO Tyler Ruks said: “ArcWest’s Todd Creek
project is host to one of the largest underexplored
copper-gold systems in BC’s Golden Triangle, and
Freeport’s endorsement of the project is a
testament to its potential for hosting a world-class
copper-gold deposit.

“ArcWest is in discussions with multiple mining
companies regarding potential earn-in agreements
for our additional copper-gold projects.”

In accordance with the agreement, ArcWest and Freeport will fund the project cost on pro rata share on a 51:49 or 80:20
basis, upon Freeport finalising earned stake at
either a 51% or 80% level.

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