New Gold-Silver-Lead-Zinc Discovery at Silver Vista Property, Including 16.90 g/t Au 196 g/t silver, 12.6% lead and 11.9% zin...
2017年11月2日 - 4:05PM
Glacier Lake Resources Inc. (TSXV:GLI)
(“Glacier” or the
“Company”) is
pleased to report multiple new mineral showings in an area
designated as the “
Golden Vista Zone”, located on
the Silver Vista property, near Smithers, B.C. The highlight is an
outcrop select grab sample including a 2 centimetre massive
pyrite-galena stringer within siliceous, altered mineralized
sediments, returning 16.90 grams per tonne gold (g/t Au), 196.0 g/t
(Ag) silver, 12.6 percent (%) lead (Pb), 11.9 percent zinc (Zn).
Investors are cautioned that these samples are selective
samples and are not necessarily representative of the
mineralization hosted on the property.
The Golden Vista Zone area is approximately 22
kilometers northwest of the principal target, the “MR”
copper-silver prospect. Highlights of the recent Golden Vista
discoveries include:
- The mineral showings are in a minimally explored area of the
property, with no previously known mineral showings or historic
prospects. The new showings resulted from a limited
prospecting-geological mapping program, involving a 3-4-person
crew, serviced by helicopter from Smithers. In total 28 grab rock
samples were taken from outcrop or subcrop locations while
prospecting, and 53 soils samples were taken.
- Target GV-2 is located in a steeply incised stream drainage and
comprises three outcrop grab samples, hosting semi-massive
sulphides (pyrite-galena) in altered, siliceous, gossanous
sediments. Sample #02681 returned 5.37 g/t Au, 110.0 g/t Ag, 5.05 %
Pb, and 11.60 % Zn from a pyrite-galena gossan. Sample #02681
assayed 16.90 g/t Au, 196.0 g/t Ag, 12.60% Pb and 11.90% Zn from a
2 cm massive sulfide vein. Sample #16079 is comprised of coarse
grained galena in a highly silicified sedimentary unit, which
returned 4.47 g/t Au, 34.00 g/t Ag, 1.72% Pb, and 5.02% Zn. The
GV-2 zone is a high priority target for follow-up.
- Target GV-1 was investigated to confirm gold-and-silver soil
anomalies from wide spaced (+/- 300 meter spacing) reconnaissance
soil sampling completed in 2012-2013, in an area of rugged
topography. Soil sample #2668 from this location returned 0.34 g/t
Au, 15.45 g/t Ag, 0.29% Pb, and 0.26% Zn. Soil sample #2669, nearby
returned 1.68 g/t Au, 28.90 g/t Ag, 0.44% Pb, and 0.36% Zn. Outcrop
rock samples from the same location of altered, gossanous sediments
returned anomalous gold values of 0.141 g/t Au and 0.118 g/t Au,
suggestive that the source of the soil geochemical anomalies may be
further up-slope.
- The GV-1 target alteration zone was projected to the south-east
and an outcrop location approximately 350 meters along strike was
discovered comprising siliceous, moderately gossanous sediments.
Three chip samples were taken at this location, with anomalous gold
(0.04, 0.18 and 0.26 g/t Au), and silver, (4.6, 7.1, and 16.3 g/t
Ag), and strongly anomalous lead (0.65, 0.12, and 1.11% Pb). These
anomalous values and associated metals (arsenic, antimony and
mercury) are supportive of structural continuity of the GV-1
alteration/mineralized zones.
- Target GV-4 was tested by three soil samples with anomalous
gold values. Soil sample #16082 returned the highest gold-in-soil
value of the fall survey, with 2.75 g/t Au, 3.4 g/t Ag, and 781 ppm
(parts per million) Pb.
- Three other targets are defined by anomalous soil and/or rock
geochemistry in the Golden Vista area. Outcrop exposure is
modest and soil sampling remains an effective tool to define buried
targets. The Golden Visa discoveries are in an area 1,400 meters by
1,000 meters. Several anomalous gold-in-soil anomalies were not
visited during the recent program.
- A preliminary analysis of the soil and rock geochemistry
suggest that the Golden Vista mineralization is representative of
an enhanced gold- silver-lead-zinc system. Silver values in the
soils are enriched and widespread, with more than 37% of the soil
samples returning +1.0 g/t Ag in the soils. The 90% percentile of
the 53 soil samples is 0.11 g/t Au, 3.2 g/t Ag and 880 ppm lead
(Pb).
Saf Dhillon, President/CEO and Director of
Glacier Lake Resources Inc. reports that, “The results of our
recent reconnaissance program have exceeded our expectations, with
the discovery of multiple showings returning significant precious
and base metals. These new showings indicate an exciting new style
of mineralization on the Silver Vista property. While our
short-term focus will be on a Phase 1 drill program to test the
zone of high-grade copper and silver mineralization at the “MR”
area, the Golden Vista zones will be an important exploration
target for next summer’s field season.”
All samples from the Golden Vista surface
program were sent to the ALS Minerals Ltd. North Vancouver, BC
laboratory, an 17025:2005 certified facility. All samples were
collected by Exploration Facilitation Unlimited Inc. personnel and
securely stored until delivery to ALS Minerals. At this early stage
of exploration, Glacier Lake is relying on the certified standards
utilized by ALS Minerals as part of it analysis protocols. No QA/QC
anomalies were noted in the analyses.
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.
Contact information:
Satvir Dhillon, President & CEOGlacier Lake Resources
Inc.Ph: 604-688-2922Email: saf@glacierlake.ca
Glacier Lake Resources (TSXV:GLI)
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