VANCOUVER, Feb. 3 /CNW/ - GREENLIGHT RESOURCES INC. (TSXV.GR), announces that the results of its 28 hole, 2,592 meter diamond drill
program on its Brazil Lake Lithium project. The Brazil Lake property,
which has excellent access and infrastructure, is located near the deep
water port of Yarmouth Nova Scotia.
Diamond drilling by the Company in the fall of 2010 was focused
primarily on structural drilling to define the extensions of the two
Lithium-bearing pegmatite dikes outlined in previous exploration
efforts. The two spodumene-bearing pegmatite bodies are 275 to 300
meters in length and 300 meters apart, trending approximately 050°,
dipping 55° to 75° SE and plunging to the south at approximately 50°.
Some highlights of the assay results received from the current drill
program are as follows:
Li2O (%) **
Note: Average grades presented are average grades of samples from the
(* intersections are true widths with each hole drilled at approximately
40 to 55° to the vertical)
(** Lithium oxide percent)
(*** Channel drill holes)
The 2010 drill program shows the North Dike to have a maximum true
thickness of 17 meters averaging about 8.5 meters. The dike is
approximately 300 meters in length and the Lithium-bearing portion of
it is approximately 160 meters in length and has been followed down dip
for a distance of 175m (115 meters vertical depth). It remains open at
depth. While drill holes from the current program were located
primarily on the down-dip extensions of the pegmatite, the lithium
content of the North Dike ranged from 0.25% Li2O to a high of 2.15%
Li2O with an average of 1.08% Li2O.
Based on the results of the 2010 drill program, the South dike has a
strike length of 120 meters and an average width of 5.7 meters. It has
been traced down dip for a distance of 80 meters. Drill hole intercepts
from the current program ranged from 0.02% Li2O to a high of 2.23% Li2O
returned an average grade of 0.69% Li2O. Lithium grades here are also
open down-plunge. Channel samples were also taken from seven drill
holes drilled to approximately 20 meters depth along the strike of the
south dike. Drill hole intercepts from these holes ranged from 0.03%
Li2O to a high of 2.30% Li2O returned an average grade of 1.39% Li2O.
Significant intersections of Rubidium (Rb) were also encountered in some
holes. Examples of the grades included Hole BZ-10-01 which returned
values up to 0.17% Rb over 5.24 meters, Hole BZ-10-03 which returned
values up to 0.11% Rb over 10.94 meters, Hole BZ-10-12 which returned
values up to 0.11% Rb over 8.48 meters and Hole BZ-10-20 which returned
values up to 0.14% Rb over 27.40 meters.
Future drill programs will include infill drilling for increased
resource definition and identifying high grade shoots within the dikes.
The drilling and other data on the property has been turned over to an
independent geological consulting firm, which will produce a 43-101
compliant resource calculation.
A diamond drill hole location map is included in figure 1 and a
longitudinal section of the North Dike with Lithium oxide percentages
are shown in figure 2.
PDFs on site - Fig 1 & 2
JPGs on GR site - Fig 1 and 2 http://greenlightresources.ca/graphics/gr-fig1-2010-diamond-drillhole-location-map2500-v1a(1).jpg http://greenlightresources.ca/graphics/gr-fig2-1000-northplan-profile1-li2o-v3.jpg
Continuing Exploration Programs
Field exploration commenced in January 2011 is being carried out on
areas of pegmatite float approximately one kilometer south of the North
Dike known as the Church Road area. The Church Road area is marked by
the presence of both large boulders of spodumene pegmatite and of small
fragments of spodumene crystals in the overburden. A nominal 100 by
100 meter grid of backhoe pits has been dug up-ice from the
northernmost point of spodumene-bearing boulders. The pits are sampled
at 1meter intervals and about 10 kilograms of till from each interval
is screened and washed and the spodumene crystals are collected and
counted. As the source area for the spodumene is approached the number
of spodumene-bearing fragments should increase toward the base of the
till column. The train has been traced by pitting for over a kilometer
and now significant concentrations of spodumene are being seen in the
basal till. Further pitting will be carried out to "hone -in" on the
source dike. It is felt that a new discovery is imminent there.
The property, which is mostly overburden covered, has good potential
for finding more spodumene bearing pegmatite bodies.
Silchlor Cyclic Vacuum Chlorination Process
The Company also confirms that it is proceeding with the testing and
evaluation of its patented Silchlor Cyclic Vacuum Chlorination Process
announced October 28, 2010. Dr. Ian Flint of Halifax, Nova Scotia has
been retained to manage the assembly of a small scale reactor as well
as supervise its testing and evaluation. Assayed samples from the
Brazil Lake drilling program discussed above will be used in order to
ascertain the commerciality of the Silchlor process on extracting
Lithium from the Brazil Lake Spodumene.
The objectives of the Company's bench testing of the Silchlor Cyclic
Vacuum Process include:
Demonstrate similar or lower cost profiles as the solar brine process
used to extract Lithium from salt pans in South America and Nevada.
Minimize waste product.
Reduction in impurities in the initial Lithium Chloride product which
could allow for less complicated procedures to produce high purity
products with increased values.
Recovery of additional marketable products in the Spodumene, in
particular Rubidium as well as aluminum chloride and silica
Current Lithium prices area approximately $6,500 per tonne and Rubidium
is approximately $11,000 per kilogram.
About GreenLight Resources Inc.:
Lithium and Rare Metals Project - Brazil Lake
GreenLight Resources Inc. is a Canadian exploration company focused on
the discovery and development of Lithium and rare metal deposits. The
Company is currently focused on the 8,520 acre Brazil Lake property is
located approximately 30 kilometres north of Yarmouth, Nova Scotia.
Drilling to date has successfully revealed two Lithium bearing
pegmatite dikes. In addition to Lithium, the dikes host several other
rare metals such as tantalum, niobium, beryllium, tungsten tin and
rubidium. Metallurgical bench testing to date has also revealed other
potential economic targets, including cosmetic grade mica, silica
chloride, aluminum chloride and rubidium enriched potassium feldspar.
Rare Earth Element Project - Porcupine Upper Miramichi
On October 15th 2010, the Company announced the signing of a letter of
intent to earn up to a 100% undivided interest in the Porcupine-Upper
Miramichi Rare Earth Property in New Brunswick. The primary target is
the various rare earth elements (REE) that were discovered in soil
samples on the property in 2007. Soil assays for REE's include
Samarium (Sm), with reported with grades of up to 218 ppm (g/t) and
Dysprosium (Dy) with grades of up to 98.6 ppm (g/t), Neodymium (Nd)
with grades of up to 1190 ppm (g/t), Ytterbium (Yb) with grades of up
to 31.3 ppm (g/t) and Yttrium (Y) with grades of up to 472 ppm (g/t).
Reported assays for Heavy REE's include Terbium (Tb) with grades up to
20.3 ppm (g/t) and Ytterbium (Yb) with grades up to 31.3 ppm (g/t)
while reported light rare earth metals include Cerium (Ce) with grades
up to 459 ppm (g/t) and Lanthanum (La) with grades up to 1,300 ppm
Gold Project - Kemptville
On November 5, 2010, the Company, announced a letter of intent to
acquire a high grade gold prospect located in one of Nova Scotia's
historic gold mining districts. The Property is comprised of 127
claims (40 acres each) for a total of 5,080 acres. The gold property,
located north of the village of Kemptville, encompasses one of Nova
Scotia's historic gold mining districts, and is less than a 20 minute
drive along a paved highway from the Company's Brazil Lake Lithium and
rare metal property.
Eastern Geophysics Limited of West Pubnico, Nova Scotia, was recently
retained to conduct an induced polarization/resistivity (IP) survey
geophysical survey over the property which has been completed. SJ
Geophysics Ltd. of Delta BC, has been retained to analyze the
geophysical data, including processing, modelling, inverting and
interpretation of the geophysical data. 3D maps will be produced
compiling the geophysical data with all other geochemical and drill
data from property. The compiled data will assist in planning a drill
program expected in the spring of 2011.
High grade gold was discovered on the property over 100 years ago and
was produced primarily in the late 1800's from two underground mines,
the Kempt and the Cowan. Modern exploration techniques were used to
identify a target area between the two former producers featuring
numerous high grade angular float boulders, several of which have
assayed over 300 g/t (grams per tonne) (about 9 ounces/ton) Au. Recent
bulk till sampling over an area approximately three square kilometres
has identified a very large "gold in till" anomaly measuring
approximately 800 meters in width and extending 2,000 meters down ice.
It is centered in an area between the two former mines, coincident with
the area of high grade float. The analysis revealed gold grain counts
up to about 1,000 grains in a standard 10 kilogram basal till sample.
Analysis of the morphology of the gold grains indicates that they have
travelled only about 100 meters from source. This technique played an
important part in identifying some of the zones in the very large
Rainey River gold property in Ontario. However, float samples are
selective by nature and are unlikely to represent average grades on the
Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101
is responsible for the technical information contained in this release.
The Company also granted options to buy 768,750 shares total to certain
officers, consultants and directors of the Company. The options shall
be exercisable at a price of $0.25 cents per share and shall have a
term of two years.
On Behalf of the board of directors
Ron Bourgeois, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements relating to future events or future
performance and reflecting Green Light Resources management's
expectations or beliefs regarding future events include, but are not
limited to, statements with respect to completion of the private
placement and related matters. In certain cases, forward-looking
statements can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the
negative of these terms or comparable terminology. By nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Green Light Resources to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Such factors
include, among others, risks related to actual results of current
exploration activities; changes in project parameters as plans continue
to be refined; future prices of resources; possible variations in ore
reserves, grade or recovery rates; accidents, labour disputes and other
risks of the mining industry; delays in obtaining governmental
approvals or financing or in the completion of development or
construction activities; as well as those factors detailed from time to
time in Green Light Resources interim and annual financial statements
and management's discussion and analysis of those statements, all of
which are filed and available for review on SEDAR at www.sedar.com.
Although Green Light Resources has attempted to identify important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there
may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance
on forward looking statements.
For further information: