Teuton Resources Corp. (“Teuton”) (“TUO”) and Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) are pleased to announce that the second phase of drilling on the Clone gold property, situated 18km southeast of Stewart, BC, is complete.
The Clone property is host to at least four separate, parallel gold-bearing shear zones which contain both sulphide-gold-cobalt and iron oxide-gold mineralization.
Altogether 15 closely-spaced holes were drilled in the second phase, testing undrilled portions of the “H-1” zone between Trenches 4, 14 and 15. Six of the fifteen holes contained visible gold in sections.
Core logging is under way and two loads of samples from the second phase have been already been sent to the assay lab. Samples from the first phase have all been sent in. The laboratory has recently informed Teuton and Silver Grail that additional time will be necessary to re-check some of the high gold numbers obtained during the first phase.
Canasia Industries Corporation is paying for the program and can earn a 50% interest in the property from joint owners Silver Grail and Teuton by expending $1.8 million over five years.
E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project and has read and authorized this news release. Pioneer Laboratories of Richmond, BC, an accredited facility, is performing the analyses
“Dino Cremonese, P.Eng.”
TEUTON RESOURCES CORP.
SILVER GRAIL RESOURCES LTD.
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