Canasia Industries Corporation (“CAJ.H:TSX-V”) (Canasia), Silver Grail Resources Corp. (“SVG:TSX-V”) (“Silver Grail”) and Teuton Resources Corp. (“TUO:TSX-V”) (“Teuton”) are pleased to announce that drilling is under way on the Clone gold-cobalt property, situated 12 miles southeast of Stewart, British Columbia.
The initial phase of drilling will test several gold-bearing sub-parallel shears in the Main Zone, northwest along strike of a hole drilled in 2003 that contained a 27.8 foot intercept grading 2.357 oz/ton gold (see Silver Grail and Teuton News Release dated Dec. 9, 2003). Results from a detailed structural study of the Main Zone completed in 1998, which defined a gentle, northerly plunging orientation to gold-bearing shoots within the shears, have been incorporated in the design of the 2006 program. E. R. Kruchkowski, P. Geol., who supervised the $3 million program on the Clone from 1995-8, recently visited the property to site drill collar locations and supervise pad construction.
The Clone property is jointly owned by Silver Grail and Teuton. Canasia holds the property under an option agreement with Silver Grail-Teuton whereby it can earn a 50% interest by expending $1.5 million over 5 years.
“Dave Derby”, President “D.Cremonese, P.Eng.”, President,
Canasia Industries Corporation Teuton Resources Corp
Silver Grail Resources Corp.
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