Northwire Canada EditionTuesday, August 4, 2026
Northwire
FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0% FAIR 0.050 +0.0% ELR 0.345 +0.0% LMCU 8.77 +0.0% MKA 0.720 +0.0% SCD 0.160 +0.0% TECK 84.36 +0.0% SAGA 0.435 +0.0% BZ 3.16 +0.0% FFM 1.68 +0.0% LOD 0.335 +0.0% AEC 5.52 +0.0% ORV 1.88 +0.0% MCM 0.300 +0.0% GAMA 0.075 +0.0% AIR 0.050 +0.0% LUN 34.71 +0.0%
Drill Results

Private Placement/Update re Ram Property, Golden Triangle, BC

SVG · Price

Executive Summary

  • Silver Grail Resources Ltd. announced a non‑brokered private placement of up to 2,500,000 units at $0.23 per unit, targeting gross proceeds of up to $575,000.
  • The financing will fund 2025 exploration on the Ram property and other Golden Triangle assets, as well as general corporate purposes.
  • Drilling at the Ram property is now complete: 2,056 m drilled in seven holes; core logged, sawed, and assays pending, with a new surface showing of net‑textured chalcopyrite identified.

Key Details

  • Private Placement Structure
  • Up to 2,500,000 units at $0.23 per unit → maximum gross proceeds $575,000.
  • Each unit = 1 common share + 1 warrant (exercisable into one common share at $0.33 for two years from closing).
  • No finder’s fees or commissions; insiders may participate.

  • Use of Proceeds

  • Fund 2025 exploration program on the Ram property.
  • Support further exploration on other Golden Triangle properties (Clone, Konkin Silver, Fiji).
  • General corporate purposes.

  • Ram Property Drilling Update

  • Total drilling completed: 2,056 m across seven holes.
  • Core fully logged and diamond‑sawed; assay shipments to MSALabs expected within days (assays held until full submission).
  • New surface exposure of net‑textured chalcopyrite observed on Hole #7 by Jeff Kyba, P.Geo.

  • Photographic Documentation

  • Core photos: https://teuton.com/Ram2025CorePhotos
  • Net‑textured chalcopyrite photo: https://teuton.com/NetTexturedSample

  • Qualified Person

  • D. Cremonese, P.Eng., President & CEO (not independent).

Notable Quotes

  • “The completion of the Ram drill program and the identification of a new net‑textured chalcopyrite showing reinforce our confidence in the prospective nature of this property,” – Dino Cremonese, President & CEO.
Read the original news release →

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