GreenLight Identifies Gold-Molybdenum-Antimony Boulder Field 30 g/t Au-1010 g/t Mo-131 g/t Sb
05 Ottobre 2011 - 8:31PM
Marketwired
GREENLIGHT RESOURCES INC. (TSX
VENTURE:GR)(OTCBB:PRZCF)(FRANKFURT:PH0) is pleased to announce
results from an ongoing prospecting evaluation program that was
done concurrently with the recently completed drill program on the
5,080 acre Kemptville gold property. The program uncovered several
groups of boulders of crenulated, silicified greywacke carrying
weak pyrite and arsenopyrite mineralization. These boulders show
variations in the intensity of alteration varying from chloritic to
sericitic and the silicification ranges from weak to total
replacement of the greywacke. As the intensity of the
alteration/silicification increases, so does the gold content of
the rock. Samples with weak silicification with chloritic
alteration typically run from approximately 100 ppb (parts per
billion) Au (gold) to approximately 1 gpt (gram per tonne) Au. The
most intensely altered samples gave results of 1 gpt to greater
than 30 gpt. The boulders vary in size from 10 kg to 5 tonnes and
are grouped in tight clusters in three separate areas. Assays were
run by Activation Labs in Toronto using the neutron activation
method for gold assays and the total digestion ICP method for
molybdenum and antimony.
These boulders are visually the same as the targeted altered
greywacke sequences intersected in the recently completed diamond
drill program. However, the float boulders are also enriched in
molybdenum (Mo) and antimony (Sb) whereas the altered greywacke
intersected in the drill program are not. The float samples range
from approximately 50 to 1010 ppm (parts per million) Mo and up to
131 ppm Sb but the drill core samples are never above background
levels of 2 ppm Mo and less than 1 ppm Sb. Clearly this indicates a
separate set of mineralizing conditions that was not previously
seen on the property. The Au/Mo/Sb association indicates the
possible presence of a porphyry / epithermal system on the
property. Previous mapping on the claims in the 1980's indicated
the presence of an epithermal quartz breccia system to the NE of
the float area and a chloritic tin bearing zone immediately to the
NW of the float boulders. The presence of an Au/Mo/Sb lying between
these two zones bolsters the evidence for an underlying porphyry or
epithermal target.
The company has contracted Dr. Ralph Stea to carry out till
studies in order to ascertain the direction of ice movement and
distance of transport of these mineralized boulders. Although this
study is ongoing, his initial reaction, after doing some up-ice
trenching was that "these angular boulders must derive from local
bedrock". A soil sampling survey for Mo was conducted over the
up-ice ground to the north of the boulders, however these results
have not been received from the lab as yet. Several untested IP
anomalies lie to the north of the boulder clusters and these will
be tested by diamond drilling pursuant to Dr. Stea's
recommendations.
Patrick Forseille, P.Geo., a Qualified Person as defined by NI
43-101 is responsible for the technical information contained in
this release.
On Behalf of the board of directors,
Christopher R. Anderson, CEO - President
To view accompanying photo, visit the following link:
http://www.marketwire.com/library/20111005-BoulderField.jpg
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Contacts: GreenLight Resources Inc. John Curle Investor
RelationsIR@GreenLightResources.comhttp://greenlightresources.com
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