Teuton Resources Corp. (“Teuton”) (“TUO”) and Silver Grail Resources Ltd. (“SVG”) are pleased to announce that results have been received for the remaining 14 holes of the 2010 program on the Clone property, located southeast of Stewart, BC.
Holes 3 to 10 were drilled at the southeastern end of the high-grade zone in the H-1 structure and were drilled at shallow angles in order to guide the bulk sampling program. Holes 11 and 12 were drilled as a deep test under the H-1 structure and holes 13-16 were drilled at the northwestern limits of the H-1 structure about 300m from the first holes of the program. Significant results follow:
|Drill Hole||Interval (metres)||Length (metres)||Gold (g/t)|
|CL10-03||23.41 to 26.82||3.41||14.63|
|CL10-04||27.19 to 28.10||0.91||13.26|
|CL10-05||19.66 to 20.27||0.61||16.50|
|48.46 to 48.89||0.43||11.35|
|CL10-06||21.43 to 22.77||1.34||48.53|
|CL10-07||22.07 to 24.57||2.50||66.58|
|Incl.||22.07 to 22.62||0.55||222.75|
|CL10-08||19.51 to 22.80||3.29||12.74|
|Incl.||21.85 to 22.80||0.94||38.88|
|CL10-09||17.80 to 23.47||5.67||6.75|
|Incl.||21.58 to 22.65||1.07||33.23|
|CL10-10||60.05 to 63.09||3.05||14.05|
|Incl.||60.05 to 61.23||1.19||27.12|
|CL10-14||123.44 to 128.53||5.09||2.07|
True widths of the intervals are estimated at between 70 and 94%.
The high-grade mineralized zone exhibits distinctive signs of hydrothermal brecciation, with gold occurring as fine disseminations localized within intensely chloritized, highly silicified semi-massive to massive hematite-specularite.
Dino Cremonese, P.Eng, President of the Companies, said “We are pleased to see the continuation of high-grade gold values to the southeast of the zone drilled last year, albeit at narrower intervals. Now we look forward to the results of this year’s bulk sampling program which should be available shortly.”
The QA/QC protocol system employed during the 2010 exploration program included procedures for monitoring the chain-of-custody of samples and the insertion of blanks and reference standard samples in every batch of samples. Pioneer Laboratories of Richmond, BC., an accredited facility, performed the analyses.
E. R. Kruchkowksi, P. Geo., is the Qualified Person for the purposes of this news release.
“Dino Cremonese, P.Eng.”
D. Cremonese, P.Eng.
President Silver Grail Resources Ltd.
Teuton Resources Corp.
If you would like to be added to Teuton’s or Silver Grail’s news distribution list, please send your email address to email@example.com.
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. Teuton Resources Corp. and Silver Grail Resources Ltd. have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.