Teuton Resources Corp.
TSX VENTURE : TUO

Teuton Resources Corp.

October 22, 2009 03:01 ET

Teuton Resources Corp.: Hole #28 Cuts 12.80 Metres of 44.75 g/t Gold (42 Feet of 1.305 oz/t Gold)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2009) - Teuton Resources Corp. ("Teuton") (TSX VENTURE:TUO) and Silver Grail (TSX VENTURE:SVG) are pleased to report complete assay results for the second phase of the 2009 drill program on the Clone gold property, situated 18km southeast of Stewart, British Columbia.



Data from Holes 21 to 35 are presented in the following table:

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Drill From From To To Interval Interval True Gold Gold
Hole (m) (ft.) (m) (ft.) (m) (ft.) Width (g/t) (oz/t)
# Coeff.
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21(i) 11.89 39 19.81 65 7.92 26 0.94 30.37 0.886
incl.(i) 11.89 39 13.72 45 1.83 6 0.94 115.80 3.377
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22 15.85 52 19.81 65 3.96 13 0.87 26.23 0.765
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24 20.42 67 23.47 77 3.05 10 0.77 4.04 0.118
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25 12.50 41 16.15 53 3.65 12 0.85 3.68 0.107
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26 12.19 40 16.46 54 4.27 14 0.78 26.39 0.770
21.03 69 26.21 86 5.18 17 0.78 15.83 0.462
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27 15.85 52 17.98 59 2.13 7 0.85 10.81 0.315
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28 10.67 35 23.47 77 12.80 42 0.92 44.75 1.305
incl. 10.67 35 15.54 51 4.87 16 0.92 76.80 2.240
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29 20.12 66 26.21 86 6.09 20 0.69 4.81 0.140
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30 13.41 44 23.77 78 10.36 34 0.92 6.40 0.187
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31 18.29 60 20.12 66 1.83 6 0.85 42.07 1.227
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32 19.51 64 24.08 79 4.57 15 0.75 3.96 0.115
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33 18.29 60 24.99 82 6.70 22 0.85 11.04 0.322
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34 25.30 83 27.43 90 2.13 7 0.78 60.31 1.759
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35 24.99 82 29.88 98 4.87 16 0.69 3.81 0.111
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(i) Previously reported hole


The holes were drilled between Trenches 4, 14 and 15 on the H-1 structure and were designed to guide an upcoming bulk sampling program which will concentrate on the same area.

Hole 28 graded a remarkable 1.305 oz/ton over a true width of 38.6 feet. Overall, 8 of the 15 holes reported intervals with high to very high grades ranging from 0.315 oz/t to 1.759 oz/t gold. The remaining 7 holes reported lesser gold values, with the exception of Hole 23 which was barren. In some of the holes an intervening dyke partially obliterated the mineralized zone.

Dip angles for the holes were either minus 20, 30 or 40 degrees. For the purposes of calculating the true width coefficient, the zone is estimated to be vertically dipping.

Mineralization is localized within highly silicified semi-massive to massive hematite-specularite and gold occurs as fine disseminations and is associated with the oxide mineralization. The major lithology is observed to be light grey to green andesitic pyroclastics intercalated with fine grained to aphanitic andesite. Clasts are subangular to angular, matrix supported, and range in size from 1-3cm. Quartz-calcite stockwork pervades the unit in moderate abundance.

Canasia Industries Corporation is funding the program and can earn a 50% interest in the property from joint owners Silver Grail and Teuton by expending $1.8 million over five years.

E.R. Kruchkowski, P. Geol., is the Qualified Person for the Clone project and has read and authorized this news release. Pioneer Laboratories of Richmond, BC, an accredited facility, is performing the analyses. A quality control program with blanks, standards and duplicates has been instituted.

Dino Cremonese, P.Eng., President

Silver Grail Resources Ltd., Teuton Resources Corp.

If you would like to be added to Silver Grail's or Teuton'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. 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.

Contact Information

  • Teuton Resources Corp. - Silver Grail Resources Ltd.
    207-675 W. Hastings Street
    Vancouver, BC V6B 1N2
    (604) 682-3680 or Toll Free: 1-800-879-2333
    682-3992 (FAX)
    www.teuton.com
    www.silvergrail.com