KIRKLAND LAKE, ON, Dec. 9 /CNW/ - GLR Resources Inc., (GLE: CNSX) is pleased to provide an update on the company's Omega Mine property located slightly east-northeast of the town of Larder Lake, Ontario. The property consists of 17 contiguous leased and patented mining claims comprising some 635 acres. The property is situated along the highly productive Larder Lake-Cadillac break which has produced 102 million ounces of gold and lies 10 km west of the former producing Kerr-Addison mine (10.5 million ounces Au).

Following  exerts are from a report by Guy Hinse P.Eng; dated May 7, 1986.

Historic production from the previous owner Omega Gold Mines was 1,584,264 tons with an average grade of 0.158 ounces gold per ton from 1936 to 1947. None of the forgoing is 43-101 compliant and should not be relied on. It is presented as historical information only. The property lies along the Larder Lake "break", a major structure defined by the presence of carbonate rocks. This structure is highly favorable to economic concentrations of gold values.

Using a cut off grade of 0.10 ounce per ton, a minimum mining width of 4 feet and all assays cut to 1 ounce. Drill indicated reserves were estimated at 269,934 tons of 0.160 oz Au/ton (5.48 g/t Au) mostly above the 300 foot level. This estimate is non 43-101 compliant and is not to be relied upon. Undoubtedly there remains an unknown quantity of low grade material in the wall and peripheries of the mined out ore zones.

Drill hole OM 83-60 averaged 0.126 oz/t Au over 25 feet before hitting a stope.

Hole OM 83-62 averaged 0.069 oz Au per ton over 39.5 feet before crossing a 7 foot stope.  The far side of the stope returned 0.11 oz/ton Au across 4 feet; a total mineralized section of 50.5 feet. No values of the stope were included. (Historically the mining grade was 0.158 oz Au/ton.)

A review of the Lenora Exploration drilling (Now GLR) has revealed some interesting potential of widths and grades which may indicate a potential for wider widths of economic material that may possibly be mined by open pit.

Hole OM 83-73 from 60.0-113.5 feet returned 0.102 oz/Au/ton over 53.5 feet including 0.207 oz/Au/ton over 9 feet. The last assay in this hole was 0.09 oz/Au/ton and the hole ended at 127 feet.

Hole OM 83-31 from 35 to 187.3 feet returned 0.051 oz/Au/ton over 152.3 feet including 0.189 oz/Au/ton over 32.3 feet.

All Holes are drilled at -45 degrees and approximate true widths. An average of all the holes drilled at -45 degrees shows an average depth of 22.1feet below surface indicating the possibility of open pit mining.

The Hinse Report (1986) also states the following:

Zone No.18:

This zone is a new discovery. It is located 1,400 feet south east of No 1 shaft, or 600 feet south of No 17 zone. It was intersected in two holes close to surface where it returned low values in gold. A deeper hole intersected the same zone at 1,000 feet below surface. It returned 0.098 oz/Au/ton along a core length of 14 feet. The significance here is the large increase of gold values from near surface to the 1,000 foot level. It is believed that this zone has good depth potential and further work is warranted.

Zone No.22:

This zone is located 350 feet south of Zone 18. It is also a new discovery. It was intersected in one hole drilled to a depth of 600 feet below surface. The hole returned 0.513 oz/Au/ton over a core length of 2.1 feet.

In the old mine records there is some mention of a mineralized zone in the volcanic lava to the south of the main zone. The following was retrieved from the Northern Miner Files of November 1946:

"One of the areas that indicates some promise is a big low grade flow-type zone, lying off to the south of the mine workings. When it was first investigated some time ago, it was estimated to have a potential of 300 tons per vertical foot. New deeper work on the 900-ft. Level has doubled that estimate and it found a couple other subsidiary occurrences. Grade is calculated at a sub-ore figure of 0.10 oz Au/per ton but it might be running a little better than that since the source is supplying about 15% of current mill feed and the mill heads haven't suffered any. The Northern miner goes on to say that the stope was mined to a width of 50-60 feet and the similarity to the flow-type ore at Kerr-Addison suggests a small increase in grade is possible".

The mine shut down in 1947. None of the former drill holes by GLR tested or penetrated the south lava zone.

The Omega Mine had two shafts with access to the 1500 foot level and a winze to 2,000 feet.
This prior work will substantially reduce development costs if needed. The mine is reportedly been back filled.

GLR considers the Omega to be a prime exploration property. All data is presently being collected and reviewed. Once this is completed a 43-101 report will be finalized.
None of the forgoing is 43-101 compliant and should not be relied on. It is presented as historical information only.

Fred Sharpley P.Geo is a qualified person under 43-101 regulations and has reviewed the contents of this news release.

GLR'S other properties are being reviewed and an update on them will be released when available.

GLR is a Canadian-based junior mining and exploration company focused on existing projects in Ontario and Quebec.  GLR is listed for trading on the Canadian National Stock Exchange (the "CNSX") under the trading symbol "GLE".
The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.

Forward-Looking Information

This news release contains certain "forward-looking information". All statements, other than statements of historical fact, that address activities, events or developments that GLR believes, expects or anticipates will or may occur in the future including, without limitation, statements relating to GLR's prosecution of its action against Brigus are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of GLR based on information currently available to GLR. Forward-looking statements are subject to a number of significant risks and uncertainties and other factors that may cause the actual results of GLR to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on GLR. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, unforeseen events, costs and/or complications in the litigation process and the uncertainty of a favourable decision being rendered inherent in the litigation process generally. 

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, GLR disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although GLR believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 


For further information: For further information:

Robert Kasner, President and CEO
Telephone: 1 705 567 5351

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