KIRKLAND LAKE, ON,
EXPLORATION UPDATE
GLR is currently conducting exploration work on three of its properties: Baldwin, (Kirkland West) gold, Sackville Twp., Ontario (polymetallic, Zn, Cu, Pb, Au, Ag) and Casa Berardi,
Kirkland West Property: is situated 6 km west of the Kirkland Lake Gold and Queenston Mining Inc's, South Mine Complex discoveries in the Kirkland Lake Gold Camp. The property is host to two fault structures being the Kirkland Lake and the
A deep penetrating Induced Polarisation survey (IP) has recently been completed on the property with excellent results. Three anomalous IP areas have been identified, being the
Sackville Property: (formerly Stares) is located west of Thunder Bay and is a 50 / 50 joint-venture with RJK Explorations Ltd. Previous exploration work has concentrated on the south felsic (Rhyolite) horizon to locate the source of a high grade Rhyolitic boulder trains containing debris up to 15 tonnes in size. One of the smaller boulders approximately one tonne in size from the original discovery on the Stares property, returned assay results of 12% Zn, 0.60% Cu, 4.44% Pb, 359 g/t Ag and 5.52 g/t Au. The largest of these boulders which now sits on campus at Lake Head University for the benefit of its geology students contained an average grade of 18.6% Zn, 93 g/t Ag and 1.76 g/t Au.
Recent work by the JV companies have identified an extensive northern felsic (Rhyolitic) horizon located approximately 6 kilometers to the north of the companies historic exploration work which contain airborne VTEM anomalies from a recently completed survey.
Additional grid work is currently being completed over this area with an Induced Polarization survey (IP) in progress. A drill is on the property and drilling will resume drilling shortly.
Casa Berardi Property: This property consists of approximately 1,150 (hectares) in Puiseaux and Orvilliers Townships,
This historic diamond drilling returned gold values in shallow drilling all above 250 m of 2.10 g/t over a length of 9.3 m which includes 8.64 g/t Au over a length of 0.50 m in hole PS-87-59A on section 6+50E. Presently Insight Geophysics is completing a deep penetrating IP survey (+/-500m depth) which results to date have indicated strong alteration at depth on the hanging wall or south side of the Casa Berardi fault. Current auriferous gold zones along the break are known to exist on its hanging wall. Diamond drilling will follow in
All the exploration work is being supervised by
For further information please see the company website at www.glrresources.com.
Forward Looking Statements: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond GLR's ability to control or predict which could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although GLR believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements.
For further information: Robert Kasner, President and CEO, Telephone: (705) 567-5351, E-mail: [email protected]
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