Sept. 8, 2009, Vancouver, BC: Teuton Resources Corp. (“Teuton”) (“TUO”) and Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) are pleased to announce that the second phase of drilling on the Clone gold property, situated 18km southeast of Stewart, BC, is now under way. The next phase of drilling calls for 15 additional holes. .
The Clone property is host to at least four separate, parallel gold-bearing shear zones which contain both sulphide-gold-cobalt and iron oxide-gold mineralization. Altogether 20 holes were drilled during the first phase on targets within these shear zones that have been traced for over a kilometer in strike length. In Holes #15 to #20 inclusive, sections from 15 to 30 feet long contain semi-massive to massive hematite, specularite, chlorite, malachite, chalcopyrite and occasionally visible gold. The mineralized zones tend to be associated with more silicified, fine-grained to aphanitic andesites intercalated with pyroclastics.
Canasia Industries Corporation (“CAJ”) can earn a 50% interest in the property from joint owners Silver Grail and Teuton by expending $1.8 million over five years.
“Dino Cremonese, P.Eng.”
Silver Grail Resources Ltd.
Teuton Resources Corp.
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