Teuton/Silver grail properties
Vancouver Monday, April 24, 2006 « BACK
Clone, Tonga And Campbell Ridge Properties To Be Drilled
Silver Grail Resources Corp. (“SVG:TSX-V”) (“Silver Grail”) and Teuton Resources Corp. (“TUO:TSX-V”) (“Teuton”) are pleased to announce that a drill contract has been signed with Aggressive Drilling of Kelowna, BC to drill the Clone, Tonga and Campbell Ridge properties, all situated southeast of Stewart BC.
A summary of targets for each property follows:
• Clone—New targets developed by ground-truthing of several geophysical anomalies identified by a recently completed Aeroquest airborne survey (see News Release dated April 19, 2006). The principal target lies 800m northeast of the high-grade gold shears in the Main zone that were the subject of a $3 million program from 1995-98.
• Tonga—An 800 by 1,800 metre area marked by anomalous EM responses within a magnetic low, coincident with a zone of silver-molybdenum geochemical anomalies (see News Release dated Mar. 15, 2006).
• Campbell Ridge—A 2.5 km long trend is marked by pervasive molybdenum geochemical soil anomalies. Twenty-five of sixty rock samples taken from within the anomalous areas returned values from 0.10% to 2.4% Mo.
All of the properties are jointly owned as between Silver Grail and Teuton. The Clone property is currently under option to Canasia Industries Corp. (“CAJ.H:TSX-V”)(“Canasia”). Canasia can earn a 50% interest in the Clone property by spending $1.8 million over the five year term of the option (see News Release dated Nov. 30, 2005). Silver Grail and Teuton will be the operator during the term of the option.
D. Cremonese, P.Eng., is the Qualified Person for Teuton Resources Corp. and Silver Grail Resources Corp., in regard to data presented in this News Release.
My question is, Why is svg higher priced then teuton, when they are not involved in the other 5 properties that teuton is going to be exploring and drilling with other option partners this yr.
imo del norte will be the major discovery although there could several major happenings this yr.
A lot of investors will be gettin in when the drilling starts.
Cheer$$