God's Lake Resources Inc. (CNSX:GLR) ("the Company") is pleased to announce
plans for a 3,000 metre diamond drill program for the up-coming 2012 field
season on the Sherman Lake Gold Project located approximately 400 kms north of
Red Lake Ontario. 


Drilling will commence on Vein #1, where previous drilling (INCO 1988)
encountered gold mineralization of 3.5g/t -4.9g/t across widths ranging from
1.35-2.2m. Historic surface work and shallow drilling ( to a depth of 20m) on
this vein indicates a structure 140m long, averaging 0.75m wide grading 10.25g/t
Plotting of all previous drilling indicates a plunge component which has never
been tested, nor has any deeper drilling taken place to determine if grade and
width increases with depth. The deepest hole drilled to date on vein #1 is 80m
vertically. Approximately 4-5 holes are planned for this area for a total of
1,200m.


A total of 7 holes, for a total of 1,400 metres, are planned around the Sachigo
Mine Site to test the potential plunge component of the historic gold
mineralization which was mined between 1938 and 1942. One of these holes will
test below the shaft area, to a proposed vertical depth of 350m.


A total of 400m of drilling is proposed for the newly discovered vein,
(announced earlier this month) which returned assays up to 79.87g/t in grab
sample. Shallow holes will be drilled along strike testing to 30 metres
vertically.


The Corporation is also canvassing Security Companies to ensure the smooth
completion of the drill program. 


Warren Hawkins, P.Eng, a "Qualified Person", within the meaning of National
Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed
and approved the scientific and technical information contained in this news
release. Mr. Hawkins is not considered to be "independent" of the Corporation
(as defined in National Instrument 43-101), as he currently holds securities of
the Corporation.


God's Lake Resources is a junior gold exploration company and is publicly traded
on the Canadian National Stock Exchange under the symbol GLR.


Forward-Looking Statements

This press release may contain forward-looking statements, which are subject to
risks and uncertainties and other factors that may cause the Company's results
to differ materially from expectations. When reviewing the Company's
forward-looking statements, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. These include
risk relating to market fluctuations, investee performance, strength of the
North American and European economy, foreign exchange fluctuations and other
risks not yet known to the Company. These forward-looking statements speak only
as of the date hereof. Unless otherwise required by applicable securities laws,
the Company disclaims any intention or obligation to update these
forward-looking statements. The Company does have an ongoing obligation to
disclose material information as it become available. The discussion also
includes cautionary statements about these matters. You should read the
cautionary statements made as being applicable to all forward-looking statements
wherever they appear in this document.


Shares Outstanding: 8,232,888

Grafico Azioni Gods Lake Resources (CSE:GLR)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Gods Lake Resources
Grafico Azioni Gods Lake Resources (CSE:GLR)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Gods Lake Resources