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Glacier Lake Resources Inc.
Summary
| Project: | Silver Vista | |
|---|---|---|
| Deposit: | Silver Vista | |
| Location: | Canada | |
| Commodities: | Silver-Gold-Copper-Zinc | |
| Date: | 5/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-5-2018: Glacier Lake Resources Inc. announces an Exploration/Drilling Update report for its Silver Vista deposit at the Silver Vista project. Drilling results incl. 153.36m @ 16.11ppm Ag, 0.049% Cu, 0.098% Zn from 4.57m. VANCOUVER, British Columbia, Ma | |
| Resources: | x | |
| CP/QP: | [Overall Report]: R.Tim Henneberry (Mammoth Geological Ltd.) | |
| ABSTRACT: | VANCOUVER, British Columbia, May 23, 2018 (GLOBE NEWSWIRE) -- Glacier Lake Resources Inc. (TSXV:GLI) (“Glacier” or the “Company”) is pleased to report on the results from its maiden diamond drill program on its Silver Vista property located near Smithers, B.C. Significant silver-copper mineralization hosted in fine-grained, clastic sediments was intersected in all seven holes. Hole SV-18-06 returned multiple horizons of mineralization over the entire length of the hole, with the 153.4 metre length averaging 28.9 grams per tonne (g/t) silver equivalent (Ag Eqv *1), comprised of 16.1 g/t Ag, 0.05 percent copper (% Cu), and 0.10 % zinc (Zn). Hole SV-18-06 was the northernmost hole and the mineralized zone is open and undrilled to the west, north and northwest. "Results from our maiden drill program on the Silver Vista 'MR' target support a large mineralizing system, with excellent potential to expand the silver-copper zones to the northwest and west," says Saf Dhillon, President and Chief Executive Officer. Surface work will resume in June to refine the multiple soil geochemistry targets prior to a Phase 2 drill program. The company is fully permitted for 10,000 metres of drilling at upward of 40 sites. The drill results were interpreted and assessed based on copper equivalent grades (Cu Eqv) of +/= 0.50 % Cu Eqv., and +/= 0.20% Cu Eqv. | |
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