Silver Grail Resources Ltd. (“SVG:TSX-V) (“Silver Grail”) and Teuton Resources Corp. (“TUO” TSX-V, “TFE”- Frankfurt ”) (“Teuton”) are pleased to announce the start of drilling on their jointly owned Tonga property, adjoining to west and southwest of the gold discovery of Bravo Ventures on Homestake Ridge, located 30 km southeast of Stewart, British Columbia.
Planned program highlights are as follows:
• Drill test for VMS style precious and base metal mineralization within a broad zone marked by multiple airborne EM conductors and intense silver-copper-zinc stream sediment, soil and talus geochemical anomalies.
• Drill test for epithermal gold-silver mineralization within a zone from which float,grab and chip samples returned silver values ranging from trace to 92.16 oz/ton and gold values ranging from trace to 1.332 oz/ton.
• Prospect and locate source of chalcopyrite and malachite bearing hornblende diorite float boulders recently discovered in the northern portion of the Tonga property ( Fiji claims).
• Prospect recently acquired claims adjoining due north of the Bravo Ventures Homestake Ridge property, wherein Bravo has reported discovery of Eskay Creek style precious metal/VMS mineralization, including a recent hole which returned an interval grading 15.7 g/t gold over 14.8 metres.
The primary zone of interest on the Tonga claims is bracketed by two parallel streams separated by 600 metres. Within this area 55 stream sediment samples were taken: 44 samples returned silver values from 1.2 to 7.6 ppm; 47 samples copper values from 100 to 342 ppm; 48 samples zinc values from 608 to 1,992 ppm. Additionally one of the streams is highly anomalous in lead, suggesting mineral zonation. Hydrozincite and azurite have been noted on several samples taken within the area.
Further to the south yet, additional clusters of EM conductors detected by an Aeroquest airborne geophysical survey conducted early in 2006 remain to be investigated. The Tonga property lies within the northwestern quadrant of the Kitsault River mining camp, famous for the former silver producers the Dolly Varden and Torbrit mines. Work in the last fifteen years has established that these silver mines are actually VMS deposits, with some affinities to the Eskay Creek precious metal deposits to the north. The recent confirmation of significant Eskay-type precious metal rich VMS mineralization at Bravo Ventures’ Homestake Ridge property (northwest of the Dolly Varden and Torbrit), underscores the importance of the region as an emerging VMS district.
D. Cremonese, P.Eng., is the Qualified Person for Teuton Resources Corp. in regard to data presented in this News Release.
“D.Cremonese, P.Eng.”, President
Silver Grail Resources Ltd.
Teuton Resources Corp.
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