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Pacifico Property
Detailed stream sediment sampling from four creeks located on the Company's wholly-owned Pacifico property on northern
Manganese values were equally anomalous. Five of the samples registered overlimits in excess of 50,000 ppm manganese and these had to be assayed resulting in values between 7.14 and 9.45%. To put these numbers in perspective, the peak manganese value in the >64,000 sample BC government database is 8.0%.
A second area on the Pacifico property, 1.5km to the south of the area described above, was also surveyed by taking stream sediment samples. Seven samples from one creek averaged 352 ppm cobalt, a value which is also quite anomalous, falling within the 99.99 percentile in the BC database mentioned above.
Some analysts believe that the transition to Electric Vehicles (EV) will create a significant supply/demand shortfall for cobalt within the next two to three years. The battery energy that powers laptops, cellphones and EV's are designed to be rechargeable and are composed of lithium, nickel, manganese and cobalt, commonly referred to as the Li-NMC battery. In addition, pressure is building on end users to refrain from purchasing "conflict" cobalt from
During the 2019 field season a helicopter reconnaissance over the northwestern portion of the
A second crew investigated the southern portions of the
Exploration in 2019 by Auryn Resources on the Kombi Target within its
Clone property
Silver Grail now owns an unencumbered 25% of the Clone property after Sky Gold Corp., optionee of Teuton's 25% interest and Silver Grail Resource's 25% interest, decided not to continue with the option. The remainder of the Clone, 75%, is now owned by Teuton Resources (Teuton acquired an additional 50% interest by cash purchase from the previous owners).
High-grade gold and gold-cobalt mineralization occurs on the Clone property within a series of sub-parallel shears exposed over a strike length of 500m and a vertical range of 130m. Trenching of the shears returned values ranging up to 3.59 oz/ton gold over 5.5m (18 feet). Significant cobalt values were found to accompany gold in the southeast portion of the zone.
Drilling in 1995-96 was confined to the 500m long
In 2010 a bulk sampling program was commenced on the Clone property in the high-grade portion of the H-1 zone. A total of 34 samples taken from the one-ton lots comprising the 2010 Clone bulk sample returned an average grade of 68.65 g/t gold. A larger bulk sample of 102 tons was taken in 2011 which averaged 137.1 g/t gold (4.0 oz/ton gold).
Silver Grail and Teuton will, over the winter months, examine results of SkyGold's 2018 and 2019 exploration programs on the Clone estimated to have cost just under
QA/QC
Samples taken during the 2019 programs were analyzed by MSALabs of
The Qualified Person for the purposes of this news release is
URL for Cobalt Stream Sediment Sampling:
http://silvergrail.com/wp-content/uploads/2020/01/PacificoAnomalies.pdf
Respectfully:
"
President,
For more information contact Investor Relations at 778-430-5680 orbarry@teuton.com. If you would like to be added to Silver Grail's news distribution list, please send your email address todino@teuton.com.
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.
The
information contained herein.
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Copyright (c) 2020 TheNewswire - All rights reserved., source