Teuton Resources Corp. & Silver Grail Resources Ltd.: Hole #7 Cuts 2.50 Metres of 66.58 g/t Gold at Clone Property
26 October 2010 - 11:30PM
Marketwired Canada
Teuton Resources Corp. (TSX VENTURE:TUO)(FRANKFURT:TFE) ("Teuton") ("TUO") and
Silver Grail Resources Ltd. (TSX VENTURE:SVG)(FRANKFURT:KD7) ("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:
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Drill Hole Interval (metres) Length (metres) Gold (g/t)
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CL10-03 23.41 to 26.82 3.41 14.63
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CL10-04 27.19 to 28.10 0.91 13.26
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CL10-05 19.66 to 20.27 0.61 16.50
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48.46 to 48.89 0.43 11.35
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CL10-06 21.43 to 22.77 1.34 48.53
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CL10-07 22.07 to 24.57 2.50 66.58
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Incl. 22.07 to 22.62 0.55 222.75
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CL10-08 19.51 to 22.80 3.29 12.74
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Incl. 21.85 to 22.80 0.94 38.88
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CL10--09 17.80 to 23.47 5.67 6.75
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Incl. 21.58 to 22.65 1.07 33.23
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CL10-10 60.05 to 63.09 3.05 14.05
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Incl. 60.05 to 61.23 1.19 27.12
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CL-10-14 123.44 to 128.53 5.09 2.07
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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.
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 gary.teuton@shawlink.ca.
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.
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