BAY Silver Property Optioned to Auramex Resources
SILVER GRAIL RESOURCES LTD.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.silvergrail.com
BAY SILVER PROPERTY OPTIONED TO AURAMEX RESOURCES
August 27, 2018--Vancouver, BC: Silver Grail Resources Ltd. (“Silver Grail”) ( (“SVG”-TSX-
V) is pleased to announce it has, in conjunction with joint owner Teuton Resources, agreed to option
out the Bay Silver property to Auramex Resources Corp. subject to TSX approval.
The option to acquire a 100% interest in the Bay Silver property involves an initial payment of $10,000
and the issuance of 100,000 shares upon Exchange acceptance, to be divided equally between Teuton
and Silver Grail. To complete the option, payments aggregating a further $110,000 and 400,000 shares
are required over the next four years, again to be divided equally. The vendors will retain a 2% NSR,
one half of which can be bought down for $1 million, with a minimum advance annual royalty of
$50,000 to begin after 7 years.
High-grade silver-bearing veins located in the southern portion of the Bay Silver property were mined
on a limited basis beginning in 1928. Mining at that time was hampered by the difficulty of
transporting ore from the mine at 900 meters elevation down to sea level in the Bear Valley. Other
high-grade silver occurrences have been documented on other parts the Bay Silver property.
Respectfully:
“Dino Cremonese, P.Eng.”
President, Silver Grail Resources Ltd.
For more information contact Investor Relations at 778-430-5680 or [email protected]. If you would
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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 expect ations 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. 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.