Press Release
June 07, 2005
Minvita & Teuton Acquire Four Additional Molybdenum Properties In Alice Arm Region
Vancouver , British Columbia - Minvita Enterprises Ltd. ("Minvita") and Teuton Resources Corp. ("Teuton") are pleased to announce that an additional four molybdenum prospects have been acquired by staking in the Alice Arm region, located southeast of Stewart, British Columbia. These properties lie southwest and northeast of Teuton-Minvita's jointly owned, 28,000 acre large, molybdenum-silver Tonga property (cf. Fig 1).
The prospects were selected for staking based on anomalous molybdenum values recorded in BC government stream geochemical surveys and/or BC Ministry of Mines assessment reports. The most developed of these prospects is located on Campbell Ridge, three kilometers from tidewater on Hastings Arm. Work by Noranda Mining in 1979 defined a cluster of >25 ppm molybdenum soil anomalies along a 2.5 kilometer long trend. Twenty-five of sixty rock samples taken within the anomalous areas returned values from 0.10% to 2.4% Mo (cf. Fig. 2 & cf. Fig. 3).
The Alice Arm region is known to host several molybdenum deposits, including the formerly producing BC Molybdenum mine. This district is now being re-evaluated due to a sharp rise in the price of molybdenum from the $2-3/lb level to its present value at $38/lb. Minvita and Teuton are currently seeking optionees to finance exploration on the Tonga and Campbell Ridge molybdenum prospects.
In other corporate developments, Minvita and Teuton have been notified by Lateegra Resources Corp. that Lateegra will not be proceeding with its option on the Clone gold property. Minvita and Teuton will also seek an optionee for this property. ON BEHALF OF THE BOARD
“D. Cremonese”
Dino Cremonese, P.Eng.
President
Teuton Resources Corp
Silver Grail Resources Ltd
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of the content of this news release.
Hole #28 Cuts 12.80 Metres of 44.75 g/t Gold (42 Feet of 1.305 oz/t Gold)
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) and Teuton Resources Corp. (“Teuton”) (“TUO”) 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 ...
read moreHole #21 Cuts 7.93 Metres of 30.37 g/t At Clone
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) and Teuton Resources Corp. (“Teuton”) (“TUO”) are pleased to announce that the second phase of drilling on the Clone gold property, situated 18km southeast of Stewart, BC, is now complete and wishes to report the first set of drill ...
read moreSecond Phase Of Drilling Complete At Clone Property
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) and Teuton Resources Corp. (“Teuton”) (“TUO”) are pleased to announce that the second phase of drilling on the Clone gold property, situated 18km southeast of Stewart, BC, is complete. The Clone property is host to at least ...
read moreSecond Phase Of Drilling Commences At Clone Property
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) and Teuton Resources Corp. (“Teuton”) (“TUO”) 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 ...
read moreVisible Gold Intersected At Clone Property
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”) and Teuton Resources Corp. (“Teuton”) (“TUO”) are pleased to announce that the first phase of drilling on the Clone gold property, situated 18km southeast of Stewart, BC, is complete. The Clone property is host to ...
read moreOptions Granted
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) announces the grant of 1,650,000 incentive options at $0.125 per share, exercisable until Aug. 26, 2014, to certain directors, officers and consultants of the Company. The grant is ...
read moreNews Release
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) announces that Michael Ginn has been appointed ...
read moreDrilling To Start At Clone Property
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) and Teuton Resources Corp. (“Teuton”) (“TUO”:TSX--V; “TFE”-Frankfurt) announce that the 2009 Clone exploration program has begun. More Core Drilling Ltd. of Prince George, B.C., has been contracted for the drilling ...
read moreNews Release
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) reports that it has completed a $55,000 private placement comprised of 1,100,000 units at $0.05 per unit: each unit consisted of one common share and one non-transferable warrant ...
read morePrivate Placement
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) plans to raise up to $100,000 by the sale of 2,000,000 units at $0.05 per unit. Each of the units will consist of one common share and one non-transferable share purchase warrant ...
read moreDrill Results From Clone Property
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) and Teuton Resources Corp. (“Teuton”) (“TUO”:TSX--V; “TFE”-Frankfurt) are pleased to announce receipt of all results from the 2008 drilling on the Clone property. Holes CL08-1 to 4 targeted the “H-1” (Hematite) zone, Holes CL08-5 to 8 targeted the “S-2A” zone, while Holes CL08-9 and 10 were drilled to test a new copper zone found earlier in the program ...
read moreClone Core Samples Sent in for Assay
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) and Teuton Resources Corp. (“Teuton”) (“TUO”:TSX--V; “TFE”-Frankfurt) are pleased to announce that core samples from the first nine of ten holes drilled into their jointly-owned Clone property, located 20km southeast of Stewart, BC, have been sent in for assay. Pioneer Laboratories of Richmond, BC, will be performing the analyses ...
read morePrivate Placement
Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”--TSX-V; “KD7”-Frankurt) is pleased to announce a private placement of up to $180,000. Silver Grail plans to raise $180,000 by the sale of 1,200,000 units at $0.15 per unit ...
read more