Teuton Resources Corp. (“Teuton”) (“TUO”–TSX.V; “TFE”-Frankfurt) and Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”–TSX.V; “KD7”–Frankfurt) are pleased to announce receipt of all results from the 2008 drilling on the Clone property. Holes CL08-1 to 4 targeted the “H-1” (Hematite) zone, Holes CL08-5 to 8 targeted the “S-2A” zone, while Holes CL08-9 and 10 were drilled to test a new copper zone found earlier in the program.
Significant results are reported below:
|Hole #||From (feet)||To (feet)||Interval (feet)||Gold (oz/ton)|
All of the holes targeting the H-1 zone are interpreted as having passed through a faulted-off block. The upper two intersections of Hole CL08-5 appear to be from the S2A and S2B zones, and the third intersection is likely from the S1 zone. The final, high-grade gold zone which ran 1.157 oz/ton (as well as 0.64% cobalt) appears to be from an unknown structure, possibly related to similar gold-cobalt structures found in trenching at lower elevations 200m to the east-southeast. Neither of the last two holes targeting the new copper zone intersected significant gold values. They did, however, contain long intervals of anomalous copper mineralization (200 to 600 ppm). True width of the intersections is not certain at this time.
Pioneer Laboratories of Richmond, British Columbia, an accredited facility, performed all of the analyses. A quality control/quality assurance protocol was used in this program including blanks and reference standards. D.Cremonese, P.Eng. is the Qualified Person for both Silver Grail and Teuton in regard to technical information contained in this press release.
ON BEHALF OF THE BOARD OF DIRECTORS
SILVER GRAIL RESOURCES LTD.
TEUTON RESOURCES CORP.
“Dino Cremonese, P.Eng.”
Dino Cremonese, P.Eng.
This news release includes certain forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks and the availability of financing, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. Silver Grail Resource Ltd. And Teuton Resources Corp. do have an ongoing obligation to disclose material information, as it becomes available.
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