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GreenBank Capital Inc.
Summary
| Project: | Daniels Harbour | |
|---|---|---|
| Deposit: | Daniels Harbour | |
| Location: | Canada | |
| Commodities: | Zinc | |
| Date: | 9/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-9-2017: GreenBank Capital Inc. announces an Exploration/Drilling Update report for its Daniels Harbour deposit at the Daniels Harbour project. Drilling results incl. 12.16m @ 13.6% Zn from 48.5m. Toronto, Ontario, September 20, 2017 – GreenBank Capital | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Roland Crossley (Not stated) | |
| ABSTRACT: | Toronto, Ontario, September 20, 2017 – GreenBank Capital Inc (CSE: GBC and OTCMKTS: GRNBF) ("GreenBank or the Company") announces that its 28% owned affiliate Ubique Minerals Limited (“Ubique”) has received the results of its recent drilling program on its Daniel’s Harbour zinc property in Newfoundland. “The intercept in hole UM-4 is one of the highest grades seen on our property to date, and we are excited about the prospects for Daniel’s Harbour.” said Paul Cullingham, director of GreenBank and CEO of Ubique. The results of the drilling program, together with historical estimates, are anticipated to form the basis of a NI 43-101 mineral resource report on the Daniel’s Harbour property which will be completed later this year. Ubique owns 49 claims around the former Daniel’s Harbour zinc mine situated approximately 10 km northeast of the town of Daniel’s Harbour on the west coast of Newfoundland. The claims adjacent to Ubique’s claims are primarily owned by Altius Resources Inc, a subsidiary of Altius Minerals Corporation. Approximately 7,000,000 tonnes averaging 7.8% zinc have been mined from the Daniel’s Harbour mine. Diamond drilling was performed by New Valley Drilling, and samples were analyzed by Eastern Analytical, both of Springdale in Newfoundland. Mineralized core samples were sawn in half for metallurgical testing with half being retained as a permanent core record. The true width of the drill hole intersections is equal to the intersection of the hole as set out in the “Width Feet” disclosure in the Composite Drilling Results Table. | |
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