| March 25, 2021--Vancouver, BC: Silver Grail Resources Ltd. (“Silver Grail”) ( (“SVG”-TSX-V) is pleased to give the following update on its exploration activities:
Pacifico Property
A geochemical sampling program consisting of extended stream sediment sampling and reconnaissance soil lines was carried out in 2020. The silt sampling surpassed the 2019 high of 1,152 ppm with an extremely anomalous 2,512 ppm cobalt. Altogether 8 separate stream sediment sample sites on the Pacifico property have now recorded values in excess of 1,000 ppm cobalt. To put these values in context, one can refer to the more than 64,000 stream sediment/moss mat samples which have been taken over a 40 year period throughout the province of British Columbia by the BC Government Regional Geochemistry program: highest sample in that entire database was 860 ppm cobalt but that one came from a warm spring and was not from a conventional stream. The third highest sample in the database, 584 ppm cobalt, came from what was subsequently staked as Silver Grail’s 100%-owned Pacifico property. The 2020 Pacifico cobalt stream sediment anomalies were also accompanied by anomalous levels of both silver and manganese. [2019 and 2020 geochemical results are shown in the accompanying map entitled “Pacifico Colbalt Property – 2020 Airborne Magnetic Survey & Geochemical Sampling”, the URL for which is at the end of this release.]
One of two recon soil sample lines (almost a kilometer in length) produced two consecutive anomalous results of 255 and 1,145 ppm cobalt which are the first indications on the property of possible proximity to source rock. These soil anomalies were situated close to altered bluffs and will be followed up immediately in 2021.
A 439.5 km long, airborne magnetometer survey was also completed in 2020 over the Pacifico property (see map). The geophysicist who interpreted the data has outlined four additional areas on the property with similar characteristics to the high cobalt anomalous sites. Rather than a single source for the various anomalies, it now appears that a number of discrete sources are giving rise to the anomalies, possibly related to the many fault structures on the property. |