Pretium options three Teuton properties

Teuton Resources Corp. said it has optioned its King Tut, Tuck and Silver Crown West properties to Pretium Resources Inc. for C$1.8 million in cash payable over four years.

Teuton will retain a 2 percent net smelter return royalty in the properties with no buyback.

The King Tut and Tuck properties adjoin due south of Pretium's Brucejack property, which hosts 15.3 million metric tons of measured an...