Teuton and Walter Storm's Tudor Gold
Summary — The Treaty Creek property was originally staked back in 1983 by Teuton Resources. It controls a 7km long sequence of alteration zones (gossans) similar to those on the neighbouring KSM and Brucejack properties of Seabridge Gold and Pretium Resources, respectively. The Sulphurets thrust fault, recognized by BC government geologists as being spatially related to all of the large copper-gold deposits on Seabridge’s KSM property, passes northeast into the Treaty Creek property. About $10million has been spent on the property to date, revealing both high-grade gold-silver and porphyry copper-gold mineralization.
Tudor Gold recently joint ventured the property in a deal which will see Teuton and American Creek Resources each holding carried 20% interests in the property (the interests are carried until a production decision). Teuton also retains a 2% NSR on 49% of certain claims within the property and a 1% NSR on 49% of other claims within the property, without a buyback. Tudor Gold has agreed to complete a minimum of $1,000,000 in exploration expenditures on the Treaty Creek property during 2016.
Tudor Gold (“TUD”-TSXV, is a new company headed by Walter Storm, the German financier who had his last great success in gold mining with Osisko Gold. Mr. Storm’s stated goal is to become a significant explorer in the rapidly developing Golden Triangle Area of northwestern British Columbia
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KEY FACTS ABOUT TEUTON, INC
-
US Businesses
-
Companies in Florida
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Marion County Companies
- Company name
- TEUTON, INC
- Status
- Active
- Filed Number
- 236062
- FEI Number
- 590929721
- Date of Incorporation
-
May 4, 1960
Age - 65 years
- Home State
- FL
- Company Type
- Domestic for Profit
CONTACTS
- Website
- http://teuton.com
- Phones
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(778) 430-5680
(604) 682-3992
(778) 430-5681
TEUTON, INC NEAR ME
- Principal Address
- 4698 E. RD 329,
ANTHONY,
FL,
32617
- Mailing Address
- 5160 NE 136th Place,
ANTHONY,
FL,
32617,
US
See Also