Glacier Lake Receives Work Permit Approval for up to 10,000 Meters of Drilling on the Silver Vista Project
2017年9月12日 - 10:00PM
Glacier Lake Resources Inc. (TSX-V:GLI)
(“Glacier” or the
“Company”) is
pleased to announce that it has been granted permit approval by the
British Columbia Ministry of Energy and Mines for drilling and
trenching activities on the company's flagship Silver Vista
copper-silver project, located near Smithers, British Columbia. The
Mines Act Permit (MX-1-987) allows for up to 40 drill sites, 10,000
meters of drilling and 10 trench/pit sites, over a 5 (five) year
period. The objective of the drilling program is to verify and
expand the copper-silver mineralization intersected in the 1991 and
1992 historical drilling programs. Equity Silver Mines Limited
completed fourteen drill holes (1992) totaling 1,252.5 metres.
Equity identified a semi-continuous zone 300 metres long by 50
metres wide by 3 to 150 metres deep with two of the holes ending in
mineralization. Key intercepts include: MR91-01 – 32.87 metres at
0.19% Cu and 34.8 gpt Ag, MR91-03 – 61.91 metres at 0.11% Cu and
40.5 gpt Ag, MR91-04 – 25.9 metres at 0.08% Cu and 62.6 gpt Ag and
MR92-02 – 36.58 metres at 0.49% Cu and 26.8 gpt Ag. Hole MR92-02
intersected a higher-grade intersection of 2.84 meters averaged
195.7 g/t Ag and 3.65 % Cu at a depth of 192.62 meters, and this
represents the only deep hole to test this zone, and is a primary
drill target for follow-up.
Glacier Lake Resources Inc. has yet to verify
the Equity exploration date. Data verification is one of the
primary objectives of this drilling program.
“We look forward to commencing the first drill
program on the Silver Vista since 1992" said Saf Dhillon, President
and Chief Executive Officer. "The focus of this fall’s campaign
will be to confirm and expand the higher-grade mineralization
intersected in hole 92-02 and to test the potential of the large
silver-in-soil geochemical anomaly, measuring 1.5 by 2.0
kilometers.”
Further details can be found in the recently
completed 43-101 report on the property located under the Company’s
SEDAR profile.
The technical content of this news release has
been reviewed and approved by R. Tim Henneberry, P.Geo., a member
of the Glacier Lake Advisory Board and a qualified person as
defined by National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
Please visit our Website at: www.glacierlake.ca
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This news release may include forward-looking
statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward looking. Although the Company believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, continued
availability of capital and financing, and general economic, market
or business conditions. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do
not assume any obligation to update any forward-looking statements
except as required under the applicable laws.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Saf DhillonPresident/CEOGlacier Lake Resources Inc.Tel:
866-687-7059 Dir: 604-688-2922saf@glacierlake.ca
Glacier Lake Resources (TSXV:GLI)
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から 1 2024 まで 1 2025