Greenlight Resources Inc.: Kemptville Drill Program intersects 60 grams over 1.6 meters
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Greenlight Resources Inc.: Kemptville Drill Program intersects 60 grams over 1.6 meters
VANCOUVER, British Columbia - August 4, 2011 - GREENLIGHT RESOURCES INC. (TSXV.GR), announces results from its nine hole, 2,322 meter diamond drill program completed on the Kemptville Gold Project. The drilling was focused on discovering the source of high grade float samples (up to >300 grams per tonne ((gpt)) Au) that previous operators on the property had discovered to the north or up ice from historic gold workings on the property. The old shafts and pits were put down on a series of bedding parallel quartz veins within Cambro - Ordovician Meguma Group meta argillites and wackes.
The drilling targets were defined from the 3D interpretation of a deep penetrating IP survey which outlined a strong, northeast trending resistivity high (reflecting the silicification of the argillaceous wacke) situated along the north flank of the Kemptville anticline. This IP feature is found to be just up-ice from the float samples and is coincident with the cut off of several gold-in-till anomalies.
A total of 440 core samples were taken from the Kemptville drill holes. The samples generally range from 0.50 to 1.70 meters in width and were split using a diamond saw. Blanks and standards were submitted every twentieth sample. All assays were performed by Activation Laboratories Ltd. of Ancaster, Ontario using the TD-ICP method with Au assays that exceeded the maximum of >30,000 ppb being rerun using the fire assay technique.
All core and rock analysis have now been received and generally the analytical results are low. Although the rock intersected in the drill holes is virtually the same as the gold bearing float samples, the drilling only showed isolated intersections to be gold bearing. These intersections are highlighted below and are interpreted to be bedded veins which cross cut the regional cross folds. The highly altered, cross folded metasediments carry anomalous (< 1gpt Au) over short intervals (<1meter) but zones of economic interest have not been encountered.
Please find the table with the results under the following link: http://www.irw-press.com/dokumente/Greenlight-080811-eng.pdf
About GreenLight Resources Inc.:
Lithium and Rare Metals Project - Brazil Lake
GreenLight Resources Inc. is a Canadian exploration company focused on the discovery and development of Lithium and rare metal deposits. The Company is currently focused on the 8,520 acre Brazil Lake property is located approximately 30 kilometres north of Yarmouth, Nova Scotia. Drilling to date has successfully revealed two Lithium bearing pegmatite dikes. In addition to Lithium, the dikes host several other rare metals such as tantalum, niobium, beryllium, tungsten tin and rubidium. Metallurgical bench testing to date has also revealed other potential economic targets, including cosmetic grade mica, silica chloride, aluminum chloride and rubidium enriched potassium feldspar.
Gold Project - Kemptville
The Company acquired a 5,080 acre high grade gold prospect located in one of Nova Scotia's historic gold mining districts. High grade gold was discovered on the property over 100 years ago and was produced primarily in the late 1800's from two underground mines, the Kempt and the Cowan. A recent IP survey conducted by Greenlight identified several anomalies which have been targeted for drilling. This was followed by an SGH (soil-gas-hydrocarbons) soil sampling survey carried out in order to discriminate between potentially auriferous and non auriferous IP highs and to identify the source area of the gold in till anomalies. A diamond drill program recently completed 8 holes and 2,068 meters as of April 26, 2011. Targets include coincident anomalies from the Company's recent IP survey and SGH soil sampling survey, which have been integrated into a 3D model utilized to identify the locations. Assays are pending from this drill program.
Rare Earth Element Project - Porcupine
The Company acquired a 100% undivided interest in the Porcupine-Upper Miramichi Rare Earth Property in New Brunswick. The primary target is the various rare earth elements (REE) that were discovered in soil samples on the property in 2007. Soil assays for REE's include Samarium (Sm), were reported with grades of up to 218 ppm (g/t) and Dysprosium (Dy) with grades of up to 98.6 ppm (g/t), Neodymium (Nd) with grades of up to 1190 ppm (g/t), Ytterbium (Yb) with grades of up to 31.3 ppm (g/t) and Yttrium (Y) with grades of up to 472 ppm (g/t). Reported assays for Heavy REE's include Terbium (Tb) with grades up to 20.3 ppm (g/t) and Ytterbium (Yb) with grades up to 31.3 ppm (g/t) while reported light rare earth metals include Cerium (Ce) with grades up to 459 ppm (g/t) and Lanthanum (La) with grades up to 1,300 ppm (g/t). The Company is currenlty conducting an initial mapping and prospecting program over the property.
On Behalf of the board of directors
On Behalf of the board of directors
"Chris Anderson"
Christopher R Anderson , President & CEO
Investor Relations John Curle Email: IR(at)GreenLightResources.ca
Tel: (604) 488-3900, email: info(at)GreenLightResources.ca
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements relating to future events or future performance and reflecting Green Light Resources management's expectations or beliefs regarding future events include, but are not limited to, statements with respect to completion of the private placement and related matters. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative of these terms or comparable terminology. By nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Green Light Resources to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in Green Light Resources interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although Green Light Resources has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward looking statements.
888 Dunsmuir Street , Suite 888 Vancouver, B.C., V6C 3K4
Leseranfragen:
GREENLIGHT RESOURCES INC.
888 Dunsmuir St Suite 888
Vancouver BC
Postal Code – V6C 3K4
Vancouver office: 604-488-3900 | Fax: 604-488-3910
New Brunswick office: 506-474-2465
Nova Scotia office: 902-482-6565
Datum: 08.08.2011 - 13:40 Uhr
Sprache: Deutsch
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