Teuton Resources Corp. (“Teuton”) (“TUO”:TSX–V; “TFE”-Frankfurt) and Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”–TSX-V; “KD7”-Frankurt) are pleased to announce that pad construction is complete and drilling has begun at their jointly-owned Konkin Silver property, located 25 kilometers east of the deepwater port of Stewart, British Columbia.
The first holes of the program will test the King Konk structure at shallow depth and the primary, Konkin Silver structure at projected depths greater than 550-650 feet downhole. Previous sampling of the King Konk returned trench intervals ranging from 13.1 feet of 4.21 oz/ton silver to 5.7 feet of 27.00 oz/ton silver. Sampling of the main Konkin Silver structure, which outcrops on surface in the shape of a bow with a maximum width of 33 feet, returned trench or chipline intervals ranging from 14.8 feet of 2.53 oz/ton silver to 29.5 feet of 34.94 oz/ton silver.
The drilling will attempt to test the theory that the various surface showings may represent fingers and/or tails of replacement material from a much larger source at depth, similar to the style of mineralization at the formerly producing Torbrit Silver mine to the south.
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
TEUTON RESOURCES CORP.
SILVER GRAIL RESOURCES LTD.
“Dino Cremonese, P.Eng.”
Dino Cremonese, P.Eng.
President
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.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
