Teuton, Silver Grail sample 137.1 g/t Au from Clone ore
2011-10-25 12:36 ET - News Release
Also News Release (C-SVG) Silver Grail Resources Ltd
Mr. Dino Cremonese of Teuton reports
CLONE BULK SAMPLE AVERAGES 4.0 OZ/TON GOLD
Teuton Resources Corp. and Silver Grail Resources Ltd. have received assays for the 102 one-ton lots comprising the 2011 bulk sample from the Clone property, situated 12 miles southeast of Stewart, B.C. The average for the 102 tons is 4.0 ounces per ton gold or 137.1 grams per tonne gold.
Metallurgical tests are currently under way which will examine cyanide, flotation and gravity means for winning the gold from the ore. Once the optimum method has been determined, the bulk sample will be shipped to a suitable mill for processing.
This year's bulk sample contains 408 ounces of gold, which when added to the 68 ounces collected in the 2010 bulk sample (34 tons at 2.0 ounces per ton gold), amounts to 476 ounces in total. Gross value at the current gold price of $1,701 per ounce is $809,600.
The Clone property is jointly owned by Teuton and Silver Grail, and is currently under option to Canasia Industries Inc. It is anticipated that Canasia will earn its 50-per-cent interest in the claims either this year or next, after which further work will proceed as a joint venture.
Dino Cremonese, PEng, is the qualified person for the purposes of this news release.
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