Glacier Lake Commences Drilling at Silver Vista
26 2월 2018 - 11:00PM
Glacier Lake Resources Inc. (TSX-V:GLI)
–
(“Glacier” or the
“Company”) has
commenced its 1500 to 2500 metre diamond drilling at the Silver
Vista project, northeast of Smithers.
The initial drill program will concentrate on
the main “MR” showing, a clastic sediment-hosted, fine grained,
disseminated copper silver zone. Historic exploration
includes soil geochemistry, trenching and diamond drilling in an
area of limited outcrop exposure:
- 2009 and 2012 soil geochemistry outlined a silver-in-soil
anomaly approximately 1.5 by 2.0 kilometers around the MR prospect
area.
- Six 1991 excavator trenches highlighted an area 100 metres long
by 17 metres wide, with three of the trenches intersecting
mineralized bedrock: trench 2 – 10.5 metres at 0.22% Cu and 38 gpt
Ag, trench 3 – 16.5 metres at 0.53% Cu and 74 gpt Ag and trench 4 –
15 metres at 0.53% Cu and 28 gpt Ag.
- Drilling in 1991 and 1992 consisted of fourteen drill holes
totaling 1,252.5 metres and 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, including 2.84 metres of 3.65% Cu and 195.7 g/t
Ag. MR92-02 represents the only deep hole to test
this zone, and is a primary drill target for follow-up
Glacier Lake Resources Inc. cautions investors
the Company has yet to verify the Equity exploration date. Data
verification is one of the primary objectives of this drilling
program. Further details and sources of information can be found in
the Silver Vista 43-101 report on the property located under the
Company’s SEDAR profile and on the Company’s website.
“It is both exciting and gratifying to reach the
important drilling milestone for Glacier Lake. The drill campaign
currently underway is expected to be the first of several phases of
drilling at Silver Vista,” says Saf Dhillon, President & CEO.
The Company is fully permitted for 10,000 metres of drilling at
upwards for 40 sites.
QA/QC
Supervision, organization and splitting of
drilling core samples are undertaken by personnel from geological
consultant Mammoth Geological Ltd. The entire core length will be
sawn with samples collected at continuous 1 metre intervals
utilizing one half of the core. Samples will be catalogued by
Mammoth geologists and stored in a secure location. Certified
reference standards will be placed in the sample stream of each
drill hole at random intervals. Blank material was also inserted at
random intervals. Samples were packed into rice bags, zap
strapped and securely stored until they were turned over to the
local trucking company for transport to the ALS Minerals Laboratory
in North Vancouver, B.C.
All core samples will be analyzed utilizing
ALS’s MEICP-61 procedure, a 4 acid digestion of a 1 gram sample
with an ICP finish. Samples with over-limit copper or silver
values will receive a ME-OG62 analysis, a four acid digestion of a
0.5 grams sample with ICP-AES finish.
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
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.
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.
Glacier Lake Resources (TSXV:GLI)
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