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Green Swan Capital Corp.

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Summary

Project:

Copper Prince

Deposit:Eds Watering Hole
Location:Canada
Commodities:Gold-Cobalt
Date:12/14/2016
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:14-12-2016: Green Swan Capital Corp. announces an Exploration/Drilling Update report for its Eds Watering Hole deposit at the Copper Prince project. Drilling results incl. 1.00m @ 0.955g/t Au, 0.077% Co from 28.00m. (Burlington, ON. Dec 14, 2016) Green Sw
Resources:x
CP/QP:[Overall Report]: J. Kleinboeck (Internal)
ABSTRACT:(Burlington, ON. Dec 14, 2016) Green Swan Capital Corp. (GSW: TSX-V) (“Green Swan”) is pleased to announce that it has received assays from the first drill hole on the recently completed 300 metre diamond drill program on its 100% owned cobalt-gold Property located in Sudbury, Ontario. As previously reported, the drill program was completed at ‘Ed’s Watering Hole’ which is located in the southern part of the Property. Diamond drill hole, CP16-01, was collared 30 m west of ‘Ed’s Watering Hole’ at an azimuth of 085° and a dip of 45°. It was drilled to intersect the down dip projection of mineralization previously reported from surface grab samples at ‘Ed’s Watering Hole’. Drill hole CP16-01 intersected a prominent structure that was also intersected in the other 4 drill holes, CP16-02 to CP16-05. In CP16-01, this structure, from 12.93 through to 17.00 m, includes a stockwork of quartz veins with variable amounts of pyrite and chalcopyrite. Additional veins up to 5 cm in width were intersected throughout the remainder of the hole, as well as sections of disseminated chalcopyrite and pyrrhotite hosted within Nipissing Diabase. Highlights from drill hole CP16-01 include 1.05 m grading 0.431 g/t Au, 1.0 m grading 0.955 g/t Au, 0.27 m grading 0.341 g/t Au, and 0.20 m grading 5.34 g/t Au. Visible gold was identified in sample A616077. Additionally, cobalt values ranging from 0.002% through 0.077% were reported.

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