Glacier Lake Commences Exploration on the Hackett Property in the Golden Triangle of B.C.
2018年7月10日 - 4:15PM
Glacier Lake Resources Inc. (TSXV:GLI)
–
(“Glacier” or the
“Company”) announces the start of
a reconnaissance exploration program on its wholly owned “Hackett
Property” located in the Sheslay area of northwestern B.C. The
Hackett property covers 682 hectares, and strategically adjoins the
eastern border of the Hat property, owned by Doubleview Capital
Corp. (“Doubleview”). The Hat Property was recently (Doubleview PR,
June 19, 2018) optioned to Hudbay Minerals Inc. (“Hudbay”), whereby
Hudbay can earn a 65 % interest through expenditures of $40 million
by June 2025 and completing a feasibility study by June 2028.
The Hackett property is located approximately 38
kilometres northwest of the village of Telegraph Creek, and
approximately 95 kilometres west-southwest of Dease Lake.
Association for Mineral Exploration British Columbia (AMEBC) notes
that, "The Sheslay area, located in northwestern British Columbia,
is one of the most promising grassroots mineral exploration areas
in Canada, and this highly prospective area has been explored for
many years by a number of companies." Located in the northern
portion of the “Golden Triangle”, through the agreement with
Hudbay, the Hat property promises to be one of the most active
exploration areas in B.C.
The Hackett property adjoins the eastern border
of the Hat property and is interpreted to be underlain by
volcanic-sedimentary assemblages and intrusive rocks of the Stuhini
group. Doubleview's website reports, "The known Lisle zone
(currently 500 metres by 1,000 m) occurs near the southeastern edge
of the Hat complex and suggests a potential to host several similar
size mineralized porphyry bodies in anomaly E, A, C, D, and the
least explored Hoey zone, all of which remain to be investigated."
Glacier Lake cautions readers the presence of copper mineralization
on the Hat property is not necessarily indicative of similar
mineralization on the Hackett property.
The western border of the Hackett property is
less than a kilometre away from Doubleview's Lisle zone, and the
Hoey Minfile prospect is located near Big Creek on the boundary
with the Hat property. Exploration crews from Exploration
Facilitation Unlimited Inc., will be visiting the Hackett property
shortly to investigate mineral showings discovered in 2014. The
initial discovery mineral showing (sample No. 16846 and No. 16847)
returned 24 and 594 parts per billion gold, and 598 and 2,970 parts
per million copper, respectively. Approximately 150 m upstream on
Big Creek from the discovery showing, another strongly oxidized
showing returned 128 ppb gold and 935 ppm copper. Glacier Lake
cautions investors it has yet to verify the Hackett property
exploration data.
The technical content of this news release has
been reviewed and approved by R. Tim Henneberry, PGeo, 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.
For additional information please feel free to
contact:
Saf DhillonPresident/CEOGlacier Lake Resources
Inc.Tel: 866-687-7059 Dir: 604-688-2922saf@glacierlake.ca
Please visit our Website at:
www.glacierlake.ca
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accuracy of this release. This news release may include
forward-looking statements that are subject to risks and
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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
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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.
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