VANCOUVER, Aug. 16, 2017 - Glacier Lake Resources Inc.
(TSXV:GLI) (“Glacier” or the “Company”) is pleased to announce that it has commenced the 2017 first pass exploration program on its Silver Vista property near Smithers, British Columbia. The multiple objectives of the first pass program are to verify access into the various parts of the property, locate the main showings and prospect favourable areas identified by Amarc Resources Ltd.
, during its 2011 through 2014 exploration programs.
Glacier Lake plans to follow this first pass program with a diamond drilling program later in the field season. The Company has posted the requested bond with the British Columbia Ministry of Energy and Mines and anticipates receiving its drilling permit shortly.
The drilling will target the MR zone, 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:
- Soil geochemistry outlined an area approximately 1.5 by 2.0 kilometres around the MR prospect area.
- Six 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.
- Fourteen drill holes totaling 1,252.5 metres 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.
Three other anomalous zones were identified by Amarc during its exploration programs. Further details can be found in the recently completed 43-101 report on the property located under the Company’s SEDAR profile.
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.
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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.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Saf Dhillon, President/CEO
Glacier Lake Resources Inc.