Assays are as follows: Drill Hole Interval (metres) Length (metres) Gold (g/t) CL16-01* 46.33 to 52.76 6.43 17.83 CL10-02 81.08 to 86.26 5.18 3.77 CL10-03 31.39 to 32.30 0.91 28.05 CL10-04 8.23 to 14.94 6.71 2.53 24.69 to 26.21 1.52 16.84
SILVER GRAIL RESOURCES LTD.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.silvergrail.com
NEWS RELEASE--- DRILL HOLE INTERSECTS 7.01 METRES GRADING 10.38 G/T GOLD AT
CLONE GOLD PROPERTY
February 1, 2017--Vancouver, BC: Silver Grail Resources Ltd. (“Silver Grail”) (“SVG”-TSX-V) (“KD7″-
Frankfurt) (“SVGAF”—OTCBB) is pleased to report results of the 2016 drilling at the Clone Gold property
located 20 km southeast of Stewart in the Golden Triangle region of northwestern British Columbia.
Assays are as follows:
Drill
Hole
Interval
(metres)
Length
(metres)
Gold
(g/t)
CL16-01* 46.33 to 52.76 6.43 17.83
CL10-02 81.08 to 86.26 5.18 3.77
CL10-03 31.39 to 32.30 0.91 28.05
CL10-04 8.23 to 14.94 6.71 2.53
24.69 to 26.21 1.52 16.84
CL10-05 17.37 to 19.81 2.44 3.51
CL16-07 13.41 to 20.42 7.01 10.38
*Previously reported per News Release dated December 19, 2016
The last five holes of the seven-hole program were spotted at the southeastern end of a local widening in the H-
1 structure from which several bulk samples have been taken in the past. About a hundred meters to the
southeast, the first two holes of the program were drilled below a trench excavated in 1995 which returned a
grade of 11.65 g/t gold and 0.18% cobalt across 9.0 metres. True widths of the intervals are not known. No
significant cobalt values were encountered in the holes.
The mineralized intercepts exhibit distinctive signs of hydrothermal brecciation, with gold occurring as fine
disseminations localized within intensely chloritized, highly silicified semi -massive to massive hematite -
specularite.
The Clone gold and gold-cobalt bearing shear zones were fi rst discovered in 1995. Since that date a lmost $6
million has been spent exploring a series of occurrences lying along a 2km package of volcanic and sedimentary
rocks. The so-called Main Zone, situated in the southeast portion of this system, has produce d elevated gold
grades both in trenches and in diamond drill core. One bulk sample of 102 tons had an average grade of 137.1
g/t gold.
Present ownership of the property is Makena Resources 50%, Silver Grail Resources Ltd. 25% and Teuton
Resources 25%.
Quality control procedures in place include the field insertion of blanks and standards into the sample stream.
Analytical work was done by Pioneer Laboratories of Richmond, BC., an accredited facility. Gold was analyzed
by 30 gram fire assay with AA finish. The Qualified Person for this news release is Dino Cremonese, P.Eng.,
who as President of Silver Grail is not independent of the Company.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Silver Grail Resources Ltd.
For more information contact Investor Relations at 778 -430-5680. If you would like to be added to Silver
Grail’s news distribution list, please send your email address to [email protected].
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 financ ing, 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. Silver Grail Resources Ltd.
does have an ongoing obligation to disclose material information, as it becomes available.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.