Stewart-Eskay Creek Region Properties

Treaty Creek Property

The Treaty Creek property is located about 17 km east of the Eskay Creek mine and is 100% owned by
the Company. On April 4, 2007, the Company granted American Creek Resources Ltd. (“American
Creek”), a TSX Venture Exchange listed company, an option to explore the Company’s Treaty Creek
project.

The agreement allows American Creek to earn a 51% interest in the Treaty Creek by funding $5,000,000
in exploration and making staged share payments amounting to 100,000 shares over three years. An
additional 9% interest in the project may be acquired by funding all expenditures through to the
completion of a feasibility study. American Creek will be project operator.

In early 2008, American Creek announced that it had completed 30 holes on four zones on the Treaty
Creek property in 2007, expending approximately $3,700,000 (over three times the $1,000,000 work
requirement for 2007). Full results can be seen on the news release filed with SEDAR on March 17, 2008.

A large drilling program originally planned for the 2008 field season was precluded by American Creek
Resources’ difficulty in obtaining sufficient funds.   This program was carried out in 2009 and included 32
holes drilled for 9,500 metres.  Drill results, which for the most part were very encouraging, were released
for the first 14 holes on Nov. 30, 2009 and can be seen on SEDAR (www.sedar.com) under the same
date.

American Creek also announced that it had earned its 51% interest in the property and that it was
electing to earn an additional 9% by funding the property to feasibility.

Later, in January of 2010, the remaining18 holes were released.  These included some promising results
including an intercept in Hole CB-14 which ran 241.7m of 0.80 g/t gold from 114.0m to 341.7m. Full
details can be obtained from the Jan. 14, 2010 posting on SEDAR (www.sedar.com).

Del Norte-Midas Property

The Del Norte property is located 25km east of Stewart, British Columbia and is 100% owned by the
Company. The central claims of the Del Norte property were originally acquired by staking in 1985.
Exploration previous to 2002 outlined several gold-silver bearing zones, including the Humdinger, Crackle
and O zones. In 2002, a new zone was discovered in an area of ablation (meltback of glacial ice/snow
fields) from which a surface chip sample returned a true width of 10 metres grading 0.179 oz/ton gold and
18.4 oz/ton silver, for a gold equivalent value of 0.442 oz/ton (at 70:1 gold/silver value ratio). Three
diamond drill holes from a set-up approximately 15 metres south (along strike) intersected the new zone
and returned values with true widths ranging from approximately 8 to 10 metres, and with gold equivalent
grades ranging from 0.185 to 0.339 oz/ton/
On August 29, 2005, the Company announced that a drilling program was set to begin on the Del Norte.
Shortly thereafter, the Del Norte property was optioned to Sabina Silver Corp. Under the terms of the
agreement, Sabina Silver was granted the right to earn a 50% interest in the property by expending
$2,500,000 in work commitments and paying $240,000 in option payments over the four year term of the
option. The Company also received an additional $90,000 upon signing of the agreement.
The claims adjoining to the south of the Del Norte property, the “Midas” claims, were also included in the
Sabina agreement option, so that the combined property is now known as the Del Norte-Midas claims.
However, the Midas claims at the time were jointly owned by the Company and Silver Grail Resources
Ltd. (“Silver Grail”). Until such time as Sabina Silver vests its interest, the Del Norte portion of the property
remains 100% the Company’s, and the southern, Midas portion, remains 50% for the Company and 50%
for Silver Grail. Should Sabina vest its interest, then Silver Grail will retain participatory rights equal to the
Company’s solely in the Midas claims portion of the combined Del Norte-Midas property.
Prospecting in the 3 ounce area near the border of the Del Norte/Midas claims resulted in the 2003
discovery of quartz float boulders grading up to 3 oz/ton gold, near the same volcanic-sediment contact
which hosts the LG mineralization some 6 miles to the north. One day of trenching in 2004 partially
exposed a quartz vein mineralized with tetrahedrite.
In 2006 Sabina Silver drilled three holes into the 3 Oz showing on the Midas property, encountering
promising intercepts of bulk tonnage-type gold mineralization spatially related to a gold-rich vein. The best
result was in Hole SDN-06-02 which returned a wide interval of gold mineralization grading 2.52 g/t gold
(0.07 oz/ton) over 32.4 meters. True width is estimated at 29.2 meters or 96 feet. Within this intersection,
a sub-interval ran 26.77 g/t gold (0.78 oz per ton) over 0.7 meters.
In 2007, Sabina Silver drilled an additional 9 holes into the 3 Oz showing. Results have now been
received and are detailed in the news release on file with SEDAR dated December 3, 2007.
Sabina has now earned its 50% interest in the Del Norte-Midas property. Sabina does not plan any
additional work on the claims at this time.
Clone Property

The Clone property is owned 50-50 with Silver Grail and is located about 16km southeast of Stewart,
British Columbia. High-grade gold and gold-cobalt containing shear structures were identified on the
Clone property in 1995 and subsequently drilled in 1996-7. Although several high-grade intersections
were obtained in the drilling, continuity of mineralization was erratic.

On November 30, 2005, the Company and Silver Grail granted Canasia Industries Corporation
(“Canasia”) (“CAJ”, TSX-V) an option to acquire a 50% interest in the Clone gold property.

The agreement provides that, in order to earn its 50% interest in the Clone property, Canasia will make
staged cash payments totaling $120,000, issue 200,000 shares, and undertake exploration expenditures
of $1,800,000 over the five year term of the option. Option cash and share payments will be divided
equally between the Company and Silver Grail.

The Company and Silver Grail will act as operator during the term of the option.

An Aeroquest EM-Mag survey flown over the Clone property in early 2006, financed by Canasia,
disclosed a number of geophysical anomalies. The most promising, dubbed the Derby zone, lies 800m
northeast of the Main zone and consists of a number of parallel EM conductors.

Results from a diamond drilling program carried out on the Clone property during the 2006 field season
were received. All seven holes drilled into the Main Zone intersected gold mineralization.  One of the
better holes returned 35.5 feet grading 0.178 oz/ton gold. Lingering snow at high elevations precluded a
thorough investigation of the geophysical conductors detected during the airborne survey carried out
earlier in the year (this work was postponed to 2007). For details, please refer to the news release dated
November 9, 2006 on file with SEDAR.

Canasia made the option payment due to the Company in November of 2007 and communicated to the
Company that it planned to continue work on the Clone during the 2008 field season. Expenditures
incurred during the 2005 season were sufficient to keep the option in good standing through the present
year and into 2008.

A 3,000 ft. drill program was awarded to Elite Diamond Drilling of Revelstoke, BC, for the 2008 program.
Ten holes were drilled and results were reported on SEDAR on October 19, 2008. The program was
funded by Canasia.

A two-phase drilling program was carried out in 2009 on the Clone property, funded by Canasia.  In the
first phase 20 holes were drilled with fair to excellent results as detailed in the News Release dated Oct.
5, 2009 on file with Sedar.  In the second phase a further 15 holes were drilled with generally excellent
results.  Results for this second phase can be fully ascertained in the News Release dated Oct. 22, 2009,
now on file with Sedar.
Preparations are now underway for the 2010 program on the Clone property to include diamond drilling
and bulk sampling.
Tonga-Fiji Property

The Company and Silver Grail jointly own the Tonga-Fiji property situated 24km north of Alice Arm, British
Columbia.

In 2005, a helicopter airborne EM-Mag survey was commissioned over the Tonga property, as a
precursor to diamond drilling. Due to inclement weather, this survey was postponed until early January-
February of 2006 and is now complete. Results showed a large zone of anomalous EM responses that is
coincident with silver and molybdenum geochemical anomalies obtained in earlier soil, silt and talus fine
surveys.

In September 2006, a drilling program was started on the Tonga property and completed in early October
2006. Seven holes were drilled at various sites, testing geochemical and geophysical targets. Results are
detailed in a news release dated January 16, 2007, on file with SEDAR.

To the north of the Tonga, on the adjoining Fiji property surface prospecting in 2006 disclosed two
promising zones containing gold and silver mineralization. This area was tested by drilling in 2007. Assay
results were received and are detailed in the news release on file with SEDAR dated March 5, 2008.

A Notice of Work was filed for the Fiji property in 2009 and although approval was received from the
Mines Department in Smithers, work was postponed until 2010.

Orion Property

The Company holds a 100% interest in the large Orion property, situated south of the Sulphurets District
and northwest of the Company’s 4J-s and Tennyson properties. Previous prospecting and trench
sampling has disclosed an intriguing area of brecciated rhyolites hosting gold-bearing arsenopyrite
mineralization. The local setting has some affinities with the geological setting at the rich Eskay Creek
gold mine.
A 2007 drill program to test the gold-bearing zone is currently has been completed. Assay results have
been received and are presented in the news release on file with SEDAR dated February 28, 2008. Due
to adverse financial conditions, no work was carried out on the property in 2008. Minor regional
geochemical sampling was carried out in 2009.

Konkin Silver Property

This property is located 29km east of Stewart, British Columbia. Present access is by helicopter. Silver
Grail and the Company acquired the Konkin Silver property by staking in 1993-94, as part of a joint
acquisition and exploration effort in the region surrounding the Red Mountain gold prospect. Prospecting
in 1994 uncovered the central showing, a bow-shaped structure carrying high silver values. Other similar,
but smaller zones were found nearby. The Konkin Silver showing was drill-tested by Silver Standard
under option the following year, but several short holes failed to encounter high-grade silver
mineralization conformable with surface results. The following year the property was returned to the
Company and Silver Grail. In 2002 a small program of rock sampling uncovered a new zone of low-grade,
but extensive, silver mineralization.

Two silver-bearing structures located during 1994 are mineralized with significant amounts of galena,
sphalerite and barite. The largest of these, the “Konkin Silver” zone, consists of carbonate, quartz, barite,
galena, sphalerite and rare ruby silver and native silver in a bow-shaped structure spanning 35 metres.
High silver values are most closely associated with galena which occurs as fine coatings on fractures, as
coarse crystalline blebs and as disseminated grains. Maximum thickness of the feature appears to be in
excess of 10 metres. Trenching of the Konkin Silver showing returned values up to 9.0m grading 34.94
oz/ton silver, 2.30% lead and 2.02% zinc.
After a brief property visit in 1998, Ross Sherlock, Ph.D., confirmed that the Konkin Silver prospect was
located within a VMS environment.
The Company and Silver Grail acquired by purchase two additional claims within the boundaries of the
Konkin Silver property. These claims cover two silver-bearing showings similar to those on the original
ground.
An airborne survey conducted in 2005 indicated a number of strong conductors in the vicinity of known
silver-bearing showings. In August of 2006, field crews visited the Konkin Silver property to ground truth
the airborne anomalies and to prospect zones of ablation in preparation for the selection of targets for a
proposed September drill program. A drill program started in late 2006 had to be stopped because of
freezing conditions.

During the 2007 field season, the Company and Silver Grail resumed drilling on the Konkin Silver
property, targeting the King Konk and Konkin Silver structures. The program was completed and results
are presented in the news release on file with SEDAR dated March 5, 2008. In 2008 minor surface
sampling was carried out on the property with mixed results.
Leduc Silver Property
This large property, acquired by staking in 2003, surrounds the formerly producing Granduc copper
property 40km northwest of Stewart, British Columbia.
The area has been dormant since cessation of mining at Granduc in 1984 but has recently become active
again due to the recent strong upsurge in the price of copper. In late 2004, Bell Resources Corp. (“Bell”)
of Vancouver, BC purchased the Granduc property outright, with plans to re-explore and, if successful,
resume production at the mine site.
In 2005, after completing airborne geophysical surveys over its core Granduc property as well as large
portions of the Company’s surrounding Leduc Silver claims, Bell approached the Company with an offer
to option the Leduc Silver. A binding letter of intent was entered into which grants Bell an option to
acquire a 60% interest in the Leduc Silver claims for total exploration expenditures of $1,500,000, total
cash payments of $85,000, and total share payments of 100,000 shares, over the five year term of the
option.
Analysis of work to date by Bell and historical records of previous exploration at Granduc strongly suggest
that the Granduc copper deposits are “Besshi” type. Such deposits feature concordant massive sulphide
sheets a few metres thick (often stacked like pancakes) which can extend for kilometres both along strike
and down dip. If this analysis is correct, it has significant implications for the discovery of Granduc-type
copper mineralization along strike of the known bodies, both within Bell’s core claims and also on ground
now controlled by the Company’s surrounding Leduc Silver property.

In early August 2006, Bell reported discovery by prospectors of Granduc-type copper mineralization on
the Company’s Leduc Silver property, north of the historical mine workings. Dubbed the JK zone, this
area was sampled and subsequently drilled late in the field season by Bell Resources. Results from this
drilling program are detailed in a news release on file with SEDAR dated Feb. 12, 2007.

Bell completed enough work in 2006 to keep the option in good standing through 2007 and into 2008. It is
believed that no further work was carried out by Bell on the property during the 2007 field season. During
the quarter, Bell made the cash option payment to the Company which was required to keep the option
agreement in good standing. Bell recently informed the Company that it did not carry out the work
required before the end of 2008 to keep the option in good standing.  The Company granted Bell an
extension to the end of 2009 to carry out this work.

In late December of 2009 the Company revamped its agreement with Bell Copper in regard to the
property.  Bell was granted a 100% interest in the property in return for making annual payments of
$50,000, being $25,000 in cash and $25,000 in shares, payable Dec. 31 of the year.  Also, the Company
received a 1.5% NSR with no buy-back provisions both in the property and in certain claims that were
100% owned by Bell lying to the north of the Leduc Silver property.
Bonsai Property

The Bonsai property adjoins directly to the west of the Eskay Creek mine property of Barrick Gold and is
100% owned by the Company. In 2002, the property was optioned to Glenfred Holdings, a private
company later totally acquired by Heritage Explorations Ltd., a TSX-Venture Exchange listed company.
Under the terms of the option agreement, Heritage can earn a 50% interest in the property by carrying out
an aggregate of $750,000 exploration and paying an aggregrate of $75,000 in option payments over a
four year term. During the period the agreement was amended so that Heritage would be require to
spend $1,250,000 rather than $750,000 to earn its interest.

A geological report by Heritage’s qualified person, G. E. Bidwell, and A. W. Worth, detailing results of
work completed by Heritage in 2003, has been received by the Company. The report states: “Drilling at
Bonsai in 2003 has intersected significant low grade gold/silver mineralization in pyritic rhyolite breccia,
beneath the main gossan outcrop. The mineralized zone is open at depth and to the south and represents
an excellent target for future exploration”. This hole returned a 64 metre intersection of brecciated rhyolite
containing 0.38 g/t gold and 27.08 g/t silver.
The following year Heritage informed the Company that it had drilled an additional hole to test the strike
extension of this zone. On November 5, 2004 Heritage reported results from this hole: a 10m interval from
92 to 102m returned 0.24 g/t gold and 14.24 g/t silver; a further 18.0 interval from 122 to 140 m returned
0.17 g/t gold and 15.31 g/t silver.

Heritage did not make a $25,000 option payment due in March, 2005, and a director of Heritage verbally
informed the President of the Company that Heritage did not intend to continue with the Bonsai option.
Thereafter Heritage received airborne geophysical results showing a strong anomaly in the western
portion of the Bonsai property. The anomaly was interpreted to have a strike extent of at least 600
metres, a down dip extent of at least 100 metres, and to be approximately 50 metres thick. Negotiations
to reinstate the option agreement with Heritage were initiated and led to a new option agreement (see
news release dated September 2, 2005 for full details). Under the terms of the new agreement, Heritage
had the right to earn a 50% interest in the Bonsai by spending $2,400,000 on the property prior to 2009
(with credit given to dollar amounts already spend under the previous agreement).

Subsequent to the signing of the agreement, Heritage carried out a diamond drilling program on the
Bonsai property. None of the 4 holes completed during this program intersected significant mineralization
according to a cursory report given to the Company.

In March of 2006, Heritage informed the Company that it would not be proceeding with the option on the
Bonsai property. The Company subsequently optioned out the property to Copper Creek Ventures, per
News Release dated Nov. 9, 2009, on file with Sedar.
Tennyson & Four J-s Properties

These two properties, located in the Frank Mackie and Berendon Glacier areas north of Stewart, BC are
100% owned by the Company. Both have had significant work programs in past years, outlining several
zones of interest.

In 2006, the Company completed airborne geophysical surveys over the Tennyson and Four J’s, which
work disclosed several anomalies.

The Company carried out a 2,000 foot drill program in 2009 on the Tennyson claims (two holes at 1,000
ft. each) following up on a prospecting program which outlined an new area carrying gold values between
1.0 and 2.0 g/t gold.  One of the holes intersected a significant gold interval, details of which are
presented in the News Release dated Nov. 16, 2009 on file with Sedar.

The Company is planning follow-up drilling on the Tennyson claims in 2010.

High Property

The Company owns a large number of claims adjoining due south of Silver Standard’s Brucejack property
where drilling in 2009 disclosed a large body averaging 1.0g/t gold (called the Bridge zone).  The
common boundary lies 1.25km south of the southern portion of the Bridge zone.  Teuton plans a
reconnaissance sampling program on its High property in 2010.  Full details can be ascertained within the
Feb. 11, 2010 posting on SEDAR (www.sedar.com).

Stamp Property

The Company owns 3 claims lying southeast of Mountain Boy’s BA property (where a $5.3 million
program is scheduled to take place in 2010) collectively referred to as the Stamp property.  In late March
of 2010 the Company optioned a 50% interest in the Stamp property to Decade Minerals, a TSX-V listed
company.  Decade can earn its 50% interest by spending $1.5 million and paying $110,000 cash to
Teuton over the 4 year term of the option.  Full details are available in the Mar. 25, 2010 posting on
sedar.com.
Catspaw Property

The Catspaw property is 100% owned by the Company and is situated 40km northwest of Stewart, BC.

On November 28, 2004 Serengeti and Rimfire announced assays from two samples of a 0.50 metre wide
vein found within the limits of a 600 x 450 metre greater than 90 ppb gold-in-soil anomaly on their Tide
property adjoining due south of the Catspaw property. The two samples, located 2 metres apart, assayed
593 g/t (17 oz/ton) gold and 14,708 g/t (429 oz/ton) silver and 360 g/t (10 oz/ton) gold and 7,920 g/t (231
oz/ton) silver. As described by Serengeti and Rimfire, the zone strikes northwest and lies within 500m of
the southern boundary of the Catspaw claim.

Similar quartz-pyrite-arsenopyrite vein-hosted mineralization has been located along trend within the
boundaries of the Catspaw claim. In 1990, while the Catspaw was under option to Big. I Developments
Ltd., a 2.0 metre sample across a north-west trending vein near the southern boundary assayed 0.223
oz/ton gold and 132.46 oz/ton silver. The Company currently owns a 100% interest in the property.

During the first quarter of 2006 the Company completed a geophysical airborne survey over the Catspaw
property which disclosed some anomalous zones worthy of follow-up exploration. Due to time constraints,
these areas were not investigated in 2006 or 2007.  The Company is seeking an option partner for the
property.
Campbell Ridge Property
The Campbell Ridge property is located 35km southeast of Stewart, British Columbia, on the east side of
Hastings Arm. Silver Grail and the Company own the property jointly (50-50). The property was first
staked by Noranda Exploration Company in the late 1970’s. Surface work carried out by Noranda from
1979-81 identified a large area within which molybdenum mineralization was observed, hosted in a
variety of rock types including quartz monzonite intrusions. A soil geochemical sampling program
delineated multiple clusters of anomalous molybdenum values extending over a length of 2km and open
to extension on both ends. Twenty-five of sixty rock samples taken from within this area returned values
assaying greater than 0.1% Mo to a high of 2.4% Mo.
With declining molybdenum prices in the 1980’s, interest in the metal diminished and the property was
eventually dropped by Noranda. Assessment reports filed with the government of British Columbia do not
record any diamond drilling on the property.
Silver Grail and the Company were fortunate to acquire the property for minimal costs of staking in 2005
concurrent with the rise of molybdenum prices to record levels.
Plans for the 2006 field season originally included geological mapping, trenching and sampling, to be
followed by diamond drilling of selected targets. Unfortunately, delays in obtaining contracted diamond
drills and the early onset of winter conditions precluded drilling of the Campbell Ridge prospect in 2006.
Due to lack of funds and a recent decrease in the molybdenum price, this work is now indefinitely
postponed.
Harry Property
The Harry property consists of two claims situated due west of the Dilworth property of Ascot Resources.
A rock geochem survey was carried out in 2008 along the old Granduc road situated on the Harry
property just west of the boundary with the Dilworth claims. The last part of the rock geochem line
returned highly anomalous gold values ranging from 150 to 5,000 ppb gold. Follow up work was carried
out in 2009 along the Salmon River Glacier.  A long geochemical line from which 75 talus fine samples
were taken returned multiple anomalous values in arsenic and gold.
Red Chris Property

The Company staked a large land position south and north of Imperial Metals’ Red Chris property
following a report by that corporation of a hole which ran 152m of 4.12% copper and 8.83 g/t gold.
Subsequently the Company optioned a 100% interest in three claims lying between its holdings and the
Red Chris property, details of which are presented in the News Release dated Nov. 24.  The Company
plans either to fund further work on these claims directly as financial resources allow, or alternatively to
find optionees to finance such work.

Harrison Lake Property

The Company acquired by staking in 2001 the Roman claims on Talc Creek, east of Harrison Lake, about
100km east of Vancouver, British Columbia. The Roman property was optioned in 2001 to Leader Mining
International Inc. (“LMN”). According to the option agreement, LMN was to earn a 51% interest in the
property by spending $500,000 over a four year period, paying $10,000 upon signing (paid) and a further
$40,000 along with 100,000 common shares of LMN upon vesting of the option, after which further work
will proceed as a joint venture. The Roman property covers part of the west-central portion of a 10km long
ultramafic intrusive body, known from surface sampling and diamond drilling to contain magnesium (Mg).
LMN reported completion of a feasibility report on the viability of a magnesium processing facility utilizing
feedstock from its Emory Zone, located east of the Roman claims on ground 100% owned by LMN.
Because of a lack of exploration work beyond the first year, the Company requested the claims be
returned by Leader Mining. Leader complied with this request, so that a 100% interest in the claims was
reverted to the Company.

Subsequent to the return of the property, the Company carried out a small soil geochemical sampling
program on the Roman property. This program outlined an area strongly anomalous in nickel and cobalt.
A follow-up airborne geophysical survey has been completed, disclosing several discrete EM anomalies.

May 12th, 2010
Categories: Uncategorized . Author: admin