RE:What do we ever get for two cents' This was a simple case of one seller being forced to sell to raise money or selling because he's got a differt play in some other sector.
It's going to bounce back to it's normal 4 to 5 cent range until there's a reason for people to want to own it.
What's it going to take? Drilling and results?
Silver Grail talks Pacifico surface exploration results
2019-02-06 09:15 ET - News Release
Mr. Dino Cremonese reports
2018 EXPLORATION RESULTS
Silver Grail Resources Ltd. has released results from surface programs carried out over its properties in 2018.
Three follow-up sampling programs were carried out over the 100-per-cent-owned Pacifico property located at the northern end of Vancouver Island. The principal target of these efforts was a stream from which a British Columbia regional geochemistry survey had returned a value of 584 parts per million cobalt, the highest stream/mossmat geochemical sample for that metal in the province. Three geochemical samples were taken from the side of a road from close to the government geochemical sample site, returning values of 224 parts per million, 228 parts per million and 682 parts per million cobalt -- all highly anomalous. Subsequently, a grid was emplaced, and, thereafter, over a hundred soil samples were taken to the east, in an area transected by the anomalous stream. Sporadic cobalt highs of 180 parts per million, 220 parts per million and 344 parts per million were obtained from marshy sites situated along the stream course. Results suggest that the source of the cobalt anomalies is farther upstream. Accompanying all of the 2018 geochemical cobalt anomalies were high values in manganese, ranging from 0.5 per cent to 5.6 per cent.
Part of the 2018 exploration program at the Pacifico property involved taking soil and/or rock samples at regular intervals along a small portion of the logging road network that criss-crosses the property. This limited work identified three anomalous areas with potential to host porphyry-copper-type mineralization. In one of these areas, four successive samples taken along 400 metres of road returned values ranging from 152 parts per million to 313 parts per million, averaging 202 parts per million. In another location over two kilometres away, a series of rock grabs along a partially uncovered face contained anomalous copper values. A single sample from a third site, taken from an altered intrusive rock containing very minor amounts of malachite (exposed at the side of the road), returned an assay of 1.8 per cent copper.
Further follow-up prospecting and sampling are planned to assess the copper potential of the property as well as to continue the search for the source of the anomalous cobalt values found in streams and soils. Additional staking has been carried out.
On the company's Roman property east of Harrison Lake, jointly owned with Teuton Resources Corp., geochemical soil sampling was carried out in 2018 in an attempt to extend known cobalt-nickel anomalies beyond the edges of a soil grid emplaced several years ago. This work was successful in extending the anomalies to the west and south.
Minor sampling was also carried out on Silver Grail's 100-per-cent-owned Kobald claims. This work attempted to follow up a highly anomalous copper-cobalt stream sediment anomaly identified during a British Columbia regional geochemistry survey. Although the source of the government stream sample was not determined, three of the float samples taken returned anomalous values in cobalt and copper. More follow-up work is planned.
Samples taken during the 2018 programs were analyzed by Activation Laboratories Ltd. in Kamloops, B.C., and SGS Canada Inc. in Burnaby, B.C. Both are accredited laboratories.
The qualified person for the purposes of this news release is Dino Cremonese, PEng, president of Silver Grail Resources. Mr. Cremonese, as president and director of the company, is not independent of the company.