Silver Grail Updates Pacifico, Tonga and Fiji Properties
SILVER GRAIL RESOURCES LTD.
2130 Crescent Road
Victoria, BC V8S 2H3
Phone: (778) 430-5680
Website: www.silvergrail.com
NEWS RELEASE
Silver Grail Updates Pacifico, Tonga and Fiji Properties
June 28, 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
The Pacifico is a large property located at the northern end of Vancouver Island. Work over the
past three years has concentrated on finding a source for many cobalt stream sediment samples,
several of which have returned extremely anomalous results registering betwe en 1,000 and 2,500
ppm cobalt. The upper end of this set of values is two and even three times as high as the maximum
value obtained for cobalt in the BC government’s database of more than 64,000 samples taken
from thousands of stream locations throughout the province (BC Regional Geochemical Survey).
Manganese and silver are also anomalous.
Recently a geologist with expertise in petrography examined the property and took four large
stream sediment samples from anomalous stream courses. He then examined the minute particles
contained in the samples. Here is part of what he wrote in a preliminary report:
“What is really surprising is that these samples are composed almost entirely (> 99%) of Fe and
Mn oxides and accompanying quartz and sericite i.e., min erals not observed in large amounts in
the local outcrops. Surprisingly, there are almost no fragments of green andesitic rocks as observed
in all local outcrops. It looks like these 4 samples represent material from a completely oxidised
and disintegrated mineralized zone. The zone must be of substantial size as there is no other way
to explain such a big concentration of mineralized (Fe, Mn) and altered fragments. Sections of the
creeks where the examined samples were collected either cut through or are very close to a large
cobalt bearing zone. There is a good chance that just by using an excavator to dig closely spaced
pits close to these samples, we can expose the cobalt bearing zone(s).”
Fragments from these stream sediment samples were sent for thin section analysis at Vancouver
Petrographics. Other samples have been sent to UBC for Xray Diffraction in order to identify
mineral constituents. Once these results are in hand, the Company will begin the next s tep of
exploration at the Pacifico.
Silver Grail owns 100% of the Pacifico property, subject to a 2% NSR.
Tonga and Fiji Properties, Golden Triangle, BC
The Tonga property is located 32 kilometres southeast of Stewart, British Columbia, at the
headwaters of the O’Neill River. It adjoins the Fiji property to the south, Goliath Resources’
“GoldDigger” property to the east and Fury Gold’s “Homestake Ridge” property to the west
[see URL for map at the end of the release].
It was first staked in 1985 because of high silver stream sediment anomalies recorded in the
BC government Regional Geochemistry database. Float samples have been found in creeks
running to 92 oz/ton silver and 1.33 oz/ton gold. A n airborne survey defined a prominent
magnetic low lying between two silver anomalous creeks, and talus fine and soil sampling
has also defined a multi-element Ag-Cu-Pb-Zn anomaly. Drilling in one location disclosed
zinc-silver mineralization. Although the property has not been explored for many years, the
recent rise in silver prices has renewed interest in the area.
Prospecting samples taken in 2006 from two mineralized zones on the Fiji have returned an
unusually high proportion of high -grade gold values. Five out of sixteen samples returned
gold values higher than 11 g/t, ranging from 11.21 to 47.1 g/t gold One of the zones features
fracture-controlled pyrite mineralization in what appears to be a highly altered intrusive. The
second zone, in an area exposed by meltback of a snowfield, features sphalerite, galena,
tetrahedrite, pyrite and barite mineralization host ed in altered volcanic rocks. A small drill
program carried out in 2007 which was prematurely completed due to inclement weather
intersected gold, silver and zinc mineralization.
Silver Grail plans further prospecting in 2021 on the Tonga as well as expanded geochemical
surveys. Exploration on the Fiji is planned at lower elevations due west of anomalous gold-
silver results discovered on the adjoining Homestake Ridge property. The property is
permitted for drilling until 2023.
Both the Tonga and Fiji are jointly owned with Teuton Resources Corp.
URL for map: https://silvergrail.com/tongafijimap
Respectfully:
“Dino Cremonese, P.Eng.”
Dino Cremonese, P.Eng.
President
For more information contact Investor Relations at 778-430-5680 or [email protected]. If you
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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 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 projecte d 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.