As we head into 2006, precious metals are valued at premium prices. And prospectors and investors alike can almost reach out and touch the excitement surrounding the rich gold and silver fields in the fabulous Stewart-Eskay Creek mining district of B.C.
Just ask Dino Cremonese, president of Teuton Resources Corp. An experienced and knowledgeable gold bug, Cremonese feels himself caught up once again in the thrilling game - prices are soaring and opportunities abound.
"It really is fun, especially when the atmosphere is as positive as it is right now," exclaims Cremonese, who founded his public company (TUO: TSX Venture) during the heady gold rush days of 1980.
"When I first went up to Stewart, the price of gold had rocketed up to the neighbourhood of $850 (US) an ounce, even higher than it is now," he continues. "There were nine helicopters in the local hangar and one was taking off every 15 minutes, loaded with wild-eyed prospectors."
![]() |
| The Stewart-Eskay Creek district has an impressive legacy of rich gold and silver deposits. |
Needless to add, Cremonese is no wild-eyed prospector. He's a solid and savvy decision-maker who understands every detail and aspect of this fascinating business.
In fact, he was hard at work in the district in 1989, when major strikes at Eskay Creek made multi-millionaires out of prospectors and investors who had the courage of their convictions: They stuck by mineral claims they believed in, claims which ultimately panned out in a huge way.
It has happened before.
"Eleven different companies had those claims under option before they finally clicked in 1989," Cremonese points out.
It can happen again.
Because this is a region with an impressive legacy of rich deposits. Eskay Creek itself has an unusually high-grade endowment of gold and silver, in reference to typical deposits around the world. The raw statistics: Eskay Creek yields 1.8 ounces of gold per ton of mined ore and 80 ounces per ton of silver.
Adds Cremonese: "And on our prime property, known as Del Norte, we just might be closing in on something very similar to Eskay Creek."
However, Cremonese is a clear-eyed realist who steadfastly refuses to promise pie in the sky.
Yes, he believes shares of his well-established company are undervalued compared with many other explorers on the TSX Venture Exchange.
But he won't promise miracles.
"Rome wasn't built in a day. Finding these rich deposits is difficult. I always stress that with potential investors," he frankly states.
What Cremonese will do, however, is point out why recent technological advancements, and even climate change, have helped to take the science of exploration for precious metals to new heights of reliability and proficiency.
"Sophisticated technology and global warming are giving us an advantage nobody dreamed of back in the 1920's when prospectors first scoured the area looking for gold. Snow and ice fields up in the district are melting like crazy, exposing more rock every year," says Cremonese.
In a sense, it's a prospector's dream. Much of the hard spadework is being handled by Mother Nature.
Like energy resource companies, Teuton Resources follows a tried-and-true business model, forging bonds with partners who help share the cost burden of scouting potentially rich mineral deposits. And Cremonese has particularly good reasons, based on sound science, for being pumped about the company's chances with the Del Norte claim.
"We're excited by results of an airborne geophysical survey we conducted in October," explains the company president. "They show an extremely strong airborne geophysical electro-magnetic (EM) anomaly next to a vein we've been drilling the past three years," he continues. "It seems to fit the Eskay Creek model. At Eskay, for 60 years they spent all their time chasing down quartz veins, but the real bonanza was in very dull-looking rock - mudstones - just a few feet away."
As Cremonese puts it, Teuton Resources has been getting good value from the primary Del Norte vein, described as an important target in and of itself. "But the real wild card here is this very strong EM anomaly which we found in mudstones right next to the vein. We're not sure what's causing it. But it has certainly piqued our interest. I don't think it's coincidence. I think it's because there's mineral there, perhaps an Eskay-type deposit."
There is more to this compelling story and Cremonese urges potential investors to take a long, hard look at this intriguing opportunity.
He also urges them to do their due diligence before taking the plunge It's an easy matter to access the website (www.teuton.com) and pick up the phone to call 1.800.879.2333 or e-mail stan.teuton@shawlink.ca.







